Pearlson to Upgrade Shiplift at Australia's Osborne Naval Shipyard
Pearlson Shiplift Corporation, a subsidiary of The Pearlson Group, announced it has been awarded a multimillion-dollar contract to deliver a large capacity upgrade and extension for Australian Naval Infrastructure (ANI) in Osborne, South Australia.The works will be installed by McConnell Dowell, one of the largest construction companies in the region. Once completed later this year, Pearlson Shiplift Corporation will recommission ANI’s shiplift system as the largest in the Southern Hemisphere.“We are honored to be awarded this project - the largest in the region.
MARAD’s Title XI Changes: Good News for Offshore Wind?
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards, Title XI provides for a full faith and credit guarantee by the U.S. government. The program essentially aims to encourage U.S.
Steel Cutting Ceremony Held for Fifth NSMV
Philly Shipyard on Friday held a keel laying ceremony for the fifth and final vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The U.S. Department of Transportation’s Maritime Administration (MARAD) new vessel program – known as National Security Multi-Mission Vessels (NSMVs) – was designed to provide world-class training for America’s future mariners and to support humanitarian assistance and disaster relief missions…
Crounse Takes Delivery of New Towboat from Conrad
Paducah, Ky. headquartered Crounse Corporation announced it has taken delivery of a new 6,034-horsepower towboat built by Conrad Shipyard, based in Morgan City, La.The 166- by 48- by 12-foot Alice is named after the company’s first vessel that began operating in 1949. Delivered with a U.S. Coast Guard Certificate of Inspection for Subchapter M compliance and two EPA Tier 4 compliant main engines, the newbuild is one of the most efficient and environmentally-friendly vesselsoperating on the United States' inland waterway system.Alice and powered by two General Electric (GE) diesel engines…
Japan Takes the Lead on Ammonia as Maritime Fuel
Late last year Japanese maritime leaders – Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. – signed a series of contracts to buid the world's first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-make engines. The target is a completed ship by November 2026.While the project is significant, hurdles remain, namely:While development work is underway, today there is not yet a dual-fuel ammonia engine on the market…
Ulstein Verft Cuts First Steel for New and Improved Nexans Aurora Vessel
Norwegian shipbuilder Ulstein Verft and Nexans Marine Operations have marked the start of construction of a new DP3 cable-laying vessel (CLV) Nexans Aurora in a steel cutting ceremony held on January 19, 2024.Four months after signing the shipbuilding contract, Nexans Marine Operations and Ulstein Verft officially started he construction of Nexans’ next cable laying vessel.Attending the steel cutting ceremony at the Crist hull yard were representatives from Nexans, Ulstein Verft…
St Johns Ship Building Delivers First CTV for WINDEA
Palatka, Fla. shipyard St. Johns Ship Building announced it has delivered WINDEA Courageous, the first of three Jones Act compliant crew transfer vessels (CTV) ordered by WINDEA CTV, a partnership between Hornblower Wind and MidOcean Wind.The 30-meter-long WINDEA Courageous and its sister vessels are designed by Incat Crowther and each have capacity to carry 24 technicians, plus six crew. The Bureau Veritas-classed vessels will be propelled by quad Volvo IPS propulsion units driven by Volvo DI13 main engines.
Capital Product Partners Move Forward with $3.1B Acquisition of 11 LNG Carriers
New York-listed shipowner Capital Product Partners L.P. (CPLP) has closed the umbrella agreement from November 2023, moving forward with the $3.1 billion acquisition of 11 newbuild LNG carrier vessels.CPLP entered into umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, providing for the acquisition of 11 newbuild liquefied LNG carriers.Upon the closing of the umbrella agreement on Thursday, CPLP entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company.Each Vessel will have a capacity of 174…
Philly Shipyard Lays Keel for Fourth NSMV
Philly Shipyard this week held a keel laying ceremony for the fourth of five new purpose built, state-of-the-art training vessels for America’s state maritime academies.The U.S. Department of Transportation’s Maritime Administration (MARAD) new vessel program – known as National Security Multi-Mission Vessels (NSMVs) – was designed to provide world-class training for America’s future mariners and to support humanitarian assistance and disaster relief missions in times of need.
Marine News' Top Vessels of 2023
The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.
New Pilot Boat Arrives in Port of Bunbury
Southern Ports’ new pilot boat Wardan has arrived in Bunbury, Western Australia, for local testing and trials ahead of an official naming ceremony to be held early next year.The boat, built by Hart Marine, combines top-tier technology, safety and comfort in a lightweight structure that renders the vessel resistant to corrosion, guaranteeing longevity and resilience in the harshest of marine conditions.Southern Ports Chief Executive Officer Keith Wilks acknowledged the exciting milestone for the Port of Bunbury’s fleet.
Havfram Secures Loan for Offshore Wind Vessel Construction
Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ("WTIVs"), currently under construction at CIMC Raffles in China. The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator, Bookrunner, Green Loan Advisor and Agent) with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank as Mandated Lead Arrangers and with Export Finance Norway as ECA lender.
SWITCH Maritime Raises $10 Million to Grow Its Green Ferry Fleet
SWITCH Maritime announced plans to grow its U.S. fleet of zero-emission ferries following the completion of a $10 million in a Series A round led by Nexus Development Capital.Founded in 2018, SWITCH’s mission is to enable private and public municipal ferry operators to more easily replace their carbon-intensive, diesel-powered fleets while reducing operating and fueling costs over the lifetime of their vessels.The fundraise comes on the back of the completion of its flagship zero-emission vessel…
Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades
Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and the upgrade of the existing O-class vessels with new cranes. The financing includes a non-committed accordion option of up to EUR 50 million.Cadeler entered into an unsecured green term loan facility in an aggregate amount of EUR 50 million (tenor of up to five years) with The Hongkong and Shanghai Banking Corporation Limited…
US Shipbuilding: Policy and Progress
When asked about the top issues facing shipbuilders, executives at the Shipbuilders Council of America (SCA) listed a number of topics and concerns. SCA is the only national trade association representing U.S. shipyards engaged in the building and repairing of military and other government and commercial vessels, and companies providing goods and services to the shipbuilding industry.Shutdowns have consequencesMatthew Paxton and Paula Zorensky are, respectively, SCA President and Vice President. Their top federal concern at the end of September? A U.S.
Hornbeck Offshore Services to Complete Ultra-High-Spec MPSVs After Legal Settlement
U.S.-based offshore vessel operator Hornbeck Offshore Services confirmed Monday it had reached a final settlement agreement with the surety (the “Surety”) for two Multi-Purpose Support Vessels (MPSVs) that had been under construction at Gulf Island Shipyards.Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018 over what it said was the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV)…
The Headwinds of US Offshore Wind Development
On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior, Energy, and Commerce to guide “more than $12 billion per year in capital investment in projects on both U.S. coasts, create tens of thousands of good-paying, union jobs, with more than 44,000 workers employed in offshore wind by 2030 and nearly 33,000 additional jobs in communities supported by offshore wind activity.” The U.S.
St. Johns Ship Building’s Jeff Bukoski to Receive USMMA’s Admiral McCready Award
Jeffery Bukoski, president of Palatka, Fla. shipyard St. Johns Ship Building, has been awarded the RADM Lauren S. McCready Award, which recognizes graduates of the U.S. Merchant Marine Academy (USMMA) who have made significant technical achievements in the marine industry or who have contributed organizational or managerial support to making such technical achievements possible.Bukoski, USMMA class of 1986, is a 35 year veteran of the U.S. marine industry, having worked at several government and commercial shipyards on the East…
The Real Cost of Net Zero Ports
Zero emission is a nice idea, but who’s going to pay for it? The U.S. EPA is readying big money for zero emission ports.The U.S. Environmental Protection Agency (EPA) is working on two high-profile port initiatives that it hopes will move the needle in a big way towards U.S. ports’ zero emissions (ZE) operations and clean air goals.The first initiative started last May when EPA published a request for information and comments that would help the Agency develop Guidance it could use to evaluate funding requests for projects for zero-emission vehicles, port equipment and related infrastructure.
Blakeley BoatWorks Building New Tug for Crescent Towing
Mobile, Ala. shipbuilder Blakeley BoatWorks is building a new EPA Tier 4 ship assist tugboat for fellow The Cooper Group company Crescent Towing. Upon completion, Crescent will operate the new tug in New Orleans as part of its Mississippi River ship assist fleet.“The addition of this new 6,000-hp z-drive in support of our Mississippi River operations highlights our continued commitment to providing our customers with the most powerful and technologically advanced equipment in the industry,” said Scott H.
Nexans Aurora 2.0: Ulstein Verft to Build Another High End Cable Layer for Nexans
Nexans Marine Operations and the Norwegian shipbuilder Ulstein Verft have entered into a contract for the construction of a large DP3 cable-laying vessel, which will be an updated version of the Nexans Aurora vessel, delivered in 2021.The vessel is an ST-297 CLV design by Norway-based Skipsteknisk.Pascal Radue, Nexans EVP Generation & Transmission said:"We awarded the contract for a new vessel to Ulstein after an extensive tendering process, where Ulstein’s track record, including the delivery of Nexans Aurora, was important factors in deciding on the shipyard Ulstein Verft yet again.
Captain McManus Preps to Take the Helm of Empire State VII
Captain Morgan McManus will serve as the Ship’s Master on the Empire State VII, the first in a series of five National Security Multi-Mission Vessel (NSMV), which at press time was getting its post-sea trial finishing touches at Philly Shipyard. The project to design, build and deliver the NSMV series is one of the most exciting shipbuilding programs in the U.S. – a government shipbuilding project leveraging commercial shipbuilding efficiencies. For insights, we visited with Captain McManus to discuss the ship, it’s technology suite and its role in helping to educate a new generation of U.S.
First NSMV Empire State Delivered
Philly Shipyard on Friday delivered Empire State, the lead vessel in a series of five new training ships being built to serve America's state maritime academies. Delivered to the U.S. Department of Transportation's Maritime Administration (MARAD) under its National Security Multi-Mission Vessel (NSMV) program, Empire State will serve SUNY Maritime College.Scheduled to be delivered through 2026, each of the five purpose-built NSMVs will feature instructional spaces, a full training bridge and space for up to 600 cadets.