Europe's Offshore Wind Turbine Prices Jump 40-45% as Supply Tightens
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply, but with GE Vernova having paused new offshore wind orders following a series of technical and operational setbacks, Siemens Gamesa and Vestas now account for virtually all turbines available to European developers. Rystad Energy’s analysis of the offshore wind market outlines a sharp increase in per-megawatt (MW) costs…
Vessel Sector Deep Dive: WTIVs
The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables to increased support for oil & gas. At the same time, inflation and interest rates have impacted project economics. Needless to say,…
Court Orders GE Vernova to Stay on Vineyard Wind’s Offshore Wind Farm
A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project.Suffolk County Superior Court Judge Peter Krupp in Boston issued a preliminary injunction at developer Vineyard Wind's request preventing a GE Vernova unit from terminating their contract and ceasing work effective April 28."The project…
Vineyard Wind Sues GE Vernova to Block Offshore Wind Project Exit
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE.MC and Denmark's Copenhagen Infrastructure Partners, filed a lawsuit this week in a state court in Boston accusing the GE Vernova subsidiary of wrongly trying to terminate their contract at the wind…
GE Vernova, Seatrium Ink TenneT Deal for 2.2GW North Sea Grid Link
A consortium of GE Vernova and Singapore’s Seatrium has secured a major contract from Dutch-German grid operator TenneT to deliver the BalWin5 offshore grid connection, a 2.2 GW high-voltage direct current (HVDC) transmission system designed to bring North Sea wind power to Germany’s electricity network.BalWin5 is expected to provide enough renewable electricity to supply about 2.75 million households, forming part of Germany’s strategy to accelerate offshore wind deployment and…
GE Aerospace Secures Orders for LM2500 Marine Gas Turbines to Power Arleigh Burke Flight III Destroyers
GE Aerospace's Marine Engines & Systems has received orders to supply eight LM2500 marine gas turbine engines for the U.S. Navy's next two Flight III Arleigh Burke-class guided-missile destroyers: the future USS Intrepid (DDG 145) and USS Robert Kerrey (DDG 146). Each destroyer is powered by four LM2500 engines, providing the proven propulsion power that has made the Arleigh Burke class the backbone of the U.S. Navy's surface fleet for over three decades.As of January 2025, 74 Arleigh Burke-class destroyers are active with GE Aerospace’s LM2500 engines being the prime mover for propulsion.
Efficiency First: Inside Olympic Subsea’s Bet on Greener Offshore Vessels
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled.
French Offshore Wind Sector Impacted by Government Crisis
Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October.President Emmanuel Macron has churned through six prime ministers in two years as a fractured legislature struggles to agree on a belt-tightening budget.
HD Hyundai Group’s Next-Gen Autonomous Tech Reaches Certification Milestone
American Bureau of Shipping (ABS) has granted approval in principle (AiP) for VesselWise, a next-generation autonomous technology for optimizing propulsion to improve fuel efficiency and enhance operational stability.The technology was developed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI) and HD Hyundai Marine Solution (HD HMS) for LNG carriers.HD Hyundai Group says VesselWise aims to optimize the performance of critical machinery, including air lubrication systems, wind propulsion technology, generator engines and more.
US Suspends Licenses to Ship Nuclear Plant Components to China
The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China's power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war.The suspensions were issued by the U.S. Department of Commerce, the people said, and affect export licenses for parts and equipment used with nuclear power plants.Nuclear equipment suppliers are among a wide range of companies whose sales have been restricted over the past two weeks as the U.S.-China trade war shifted from negotiating tariffs to throttling each other's supply chains.
Navigating the Stormy Seas of U.S. Offshore Wind
Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the potential loss of federal support under former President Donald Trump’s proposed policies.The downturn in the offshore wind sector over the past two years has led to prolonged project delays, budget overruns, and even outright failures of planned wind farms…
DNV Releases Guidance for Ship Recycling
With the Hong Kong Convention (HKC) set to take effect on June 26, 2025, shipowners must comply with new regulations on safe and environmentally responsible ship recycling. DNV’s latest guidance, “Safe and Green Recycling for Shipowners,” outlines compliance with both the HKC and EU Ship Recycling Regulations (EU SRR).As thousands of ships approach end-of-life, the IMO’s HKC aims to ensure safer and more sustainable recycling, protecting workers and the environment from hazardous materials.
APA Applauds Withdrawal of NARW Speed Restriction Regulations
On January 16, 2025, the National Marine Fisheries Service (NMFS) formally withdrew its August 1, 2022, Notice of Proposed Rulemaking (NPRM) that sought amendments to the North Atlantic Right Whale Vessel Strike Reduction Rule that would have had the unintended consequences of endangering pilots, weakening navigation safety, and damaging the maritime supply chain on the East Coast. While the American Pilots’ Association (APA) announced that it welcomes the proposal’s withdrawal…
A Deep Dive into Dredging with DCA’s Doyle
There’s more to domestic dredging than meets the eye. Dredging Contractors of America CEO Bill Doyle is just the guy tell you why.William P. Doyle serves as the Chief Executive Officer of the Dredging Contractors of America (DCA). DCA represents the dredging industry on key issues before Congress and is an active partner to the U.S. Army Corps of Engineers, public port authorities, state and local governments, as well as allied construction and maritime organizations.Immediately prior to this appointment, Mr. Doyle served as the Port of Baltimore’s Chief Executive for three years.
The Bridge and Beyond: AI, AR Revolutionize Maritime Decision Making
It’s already possible to have smart decision support on the bridge: With Furuno’s technology, live video imagery of the front view from the vessel has navigation information superimposed on it including heading, AIS data, radar target tracking, object identification, route waypoint and chart information.SEA.AI’s bridge support system can identify larger vessels not fitted with AIS up to a range of 7.5 kilometers (nearly five miles), smaller vessels up to 3 kilometers (nearly 2…
Global Offshore Wind Stumbles to the End of '24
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to 12 offshore wind companies, industry researchers, trade associations, and government officials in six countries to come up with a global picture of the state of the industry and its outlook…
GE Vernova Probe Finds Corners Were Cut
GE Vernova’s offshore wind turbine manufacturing plant has fired or suspended several workers in Quebec after a company investigation found they took shortcuts on quality control, sources familiar with the matter told Reuters.GE Vernova launched the probe at the factory in Gaspe, Quebec, after one of the 107-meter-long turbine blades it made shattered at the Vineyard Wind project off the coast of Massachusetts in July. Shards of fiberglass littered the beaches and forced the project…
Seatrium Adds Heavy Lift Vessel to Project Schedule
Seatrium has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving heavy lift vessel project for the Japan wind market.Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q 2025.POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers for marine construction works as well as two turbine installation vessels equipped with a 800t and a 1,600t lifting capacity crane respectively.
Some Vineyard Wind Blades to be Removed After Quality Checks
GE Vernova will remove some turbine blades installed at the Vineyard Wind offshore wind farm off the coast of Massachusetts following quality checks prompted by the failure of a blade in July, the company said on Wednesday.Progress on the still-unfinished project is being closely watched since it was barred from producing power or completing construction after a turbine blade broke and sent debris into the water that washed up on nearby beaches during the peak summer tourist season.The blade saga has been a blow to the nation's budding offshore wind industry…
Offshore: Feedering for the Win(d)
With clean energy projects maturing in U.S. waters, the nation’s offshore wind industry is poised to grow substantially, requiring a robust industrial base. A feedering model using domestic tugs and barges to transport turbines to offshore wind sites, is positioned at the heart of this emerging growth.Currently, the entire global fleet of wind turbine installation vessels (WTIV)—except for Dominion Energy’s Charybdis currently under construction at the Seatrium AmFELS yard in Brownsville, Texas—is flagged, owned and operated outside of the U.S.
Canadian Arctic Offshore Patrol Ships to have MAN Propulsion Packages
MAN Energy Solutions has won the order to deliver the propulsion systems for two Arctic Offshore Patrol Ships (AOPS) for the Canadian Coast Guard as part of a consortium with GE Power Conversion.MAN will deliver the engines, shafts and propellers for the AOPS’ integrated diesel-electric propulsion systems and is also providing a Selective Catalytic Reduction (SCR) system with each engine.Each vessel will feature 4 × MAN 6L32/44CR engines, each engine delivering 3,600 KW and using MAN’s most advanced common-rail electronic injection system…
New Formula Biodegradable Hydraulic Fluid Promises High Performance
Chevron has introduced Clarity Bio EliteSyn AW. The new formula, biodegradable hydraulic fluid is suited to marine, construction and other environmentally sensitive applications.Chevron says that with a Total Oxidation Stability Test (TOST) life of over 10,000 hours, it outperforms existing products in the market.The zinc-free fluid has a high level of renewable carbon of ≥90% and meets or exceeds the biodegradation, toxicity and bioaccumulation limits of government regulations.
Mark Riggio Responds to “Getting the Numbers Right”
Wendy Laursen’s article Getting the Numbers Right, published in the August issue of Maritime Reporter, sparked debate from ballast water management experts. Here Mark Riggio, owner of Simplify Ballast, LLC, provides his feedback on the article which outlines the challenges the industry has faced trying to reduce the occurrence of invasive marine species transferred by ballast water.I felt it was important to speak out about this article for a number of reasons, but mostly because the tone of the article is out of touch with where the industry is heading…