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Jan De Nul Orders Offshore Cable Layer with Record-Breaking Capacity
Offshore installation services company Jan De Nul has ordered an extra-large cable-laying ship with an "unrivaled" cable-carrying capacity from China's CMHI Haimen shipyard.The vessel, to be named Fleeming Jenkin, will have a cable-carrying capacity of 28,000 tons, and will serve the renewable energy and subsea cable industry in installing cables over longer distances and in deeper waters. The vessel will be delivered in 2026.
Strategic Marine Teams Up with Caterpillar to Slash Emissions
Caterpillar Marine announced it has entered into a memorandum of understanding with Singapore-headquartered shipbuilder Strategic Marine to support emissions-reduction goals for future vessel designs.“Our collaboration with Strategic Marine brings together immense expertise that allows Caterpillar Marine to innovate and support the ongoing energy transition. This is an exciting challenge to tackle…
Marine Insurance Market is “Strength and Stability in Turbulent Seas”
Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Edinburgh, Scotland, President Frédéric Denèfle explained the conference theme of “strength and stability in turbulent seas” saying it is essentially “business as usual” for marine underwriters.“As marine underwriters, we are used to managing an array of casualties and losses onboard a variety of vessels and in ports and other shoreside facilities.
Fowler Appointed to Lead Crowley Shipping
Crowley has appointed James Fowler as senior vice president and general manager of its Crowley Shipping business unit that serves U.S. and international maritime and logistics sectors.Fowler most recently served as managing director of marine and stevedoring operations for Cooper Marine and executive vice president for Blakeley BoatWorks, both headquartered in Mobile, Ala.“As Crowley advances its next generation of maritime services…
DNV Gives Thumbs Up to Moss Maritime's LH2 Ship Transport Solution
Moss Maritime, Norwegian company specializing in design and engineering services to the offshore energy industry as well as other ocean-based sectors and a subsidiary of Italy's Saipem, has secured an Approval in Principle (AIP) from the classification society DNV for a containment system for ship transport of liquefied hydrogen (LH2).Ship transport of liquefied hydrogen is seen as one of the key technical challenges in realizing the energy transition to a carbon-free future…
DEME Reports Strong H1 Performance
DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments.Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net profit was 30 million euro ($32 million), down from 39 million euro ($42 million) a year ago…
14th Annual Maritime Risk Symposium to be Held Nov. 14-16 at SUNY Maritime
The 2023 Maritime Risk Symposium (MRS) will be held Nov. 14-16, 2023, as an in-person event, hosted by Maritime College, State University of New York (SUNY) at the Maritime Academic Center. The theme of the 14th annual event is “Managing Impacts of Supply Chain Disruptors, Renewable Energy, Emerging Technology on the Maritime Transportation System (MTS)” with a focus on offshore infrastructure risk and disruptors.
NOIA Unhappy About Rice Whale Protection Recommendations
National Ocean Industries Association (NOIA) President Erik Milito has said that the Bureau of Ocean Energy Management (BOEM) issue of a Notice to Lessees (NTL) with recommended restrictions on ongoing industry activities within the expanded Rice's Whale habitat area imposes “unwarranted restrictions on U.S. energy production at a time of continued inflation with prices rising at the pump for consumers.”With likely fewer than 100 individuals remaining…
From Telford Offshore to KNOT Offshore: Derek Lowe Named New CEO and CFO
Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11…
Harsh Weather Offshore LNG Terminal Firm Crown to Merge with Catcha
Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U.S. publicly listed company. The combined company, named Crown LNG Holdings Limited (“PubCo”), intends to apply to list its shares on…
Amogy and Southwind Partner in Offshore Wind Push
U.S.-based ammonia power solutions company Amogy announced it is partnering with Norway's Southwind to explore joint opportunities in offshore wind.Southwind aims to establish Kristiansand as an operational base for offshore wind field developments and as a hub for a national competence center. Amogy, which expanded its operations to Norway in 2022, said it recognizes the potential that the offshore…
Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for transporting essential supplies and equipment to offshore oil and gas platforms and drilling rigs…
Sale of 37 PSVs to Tidewater: Solstad Offshore's Exit from PSV Sector Imminent
Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel sector.In a statement on Wednesday, Solstad Offshore said the…
VSM Campaigns for Ramp-up of German Maritime Industry
With a number of evolving maritime business opportunities intermixed with geo-political headwinds, VSM, which represents the interests of the German maritime industry as a whole, launched a campaign aimed at the federal government and the EU to understand and support the tremendous growth potential for all things maritime in Germany.According to a press notice from VSM, the tasks are enormous: economical and clean merchant ships…
Mainstay Marine to Build Crew Transfer Vessel for Seacat Services
Offshore energy support vessel operator Seacat Services has partnered up with marine engineering firm Mainstay Marine Solutions, to build the 20th vessel in its fleet, and the fifth Seacat Chartwell Ambitious design.The partnership comes amidst ongoing complexities in the UK shipbuilding market, where skill shortages and a lack of financial support from the UK Government have driven up manufacturing costs and derailed local content goals across the industry…
Kongsberg Maritime Unveils Next-gen Offshore Vessel Designs
Norway's Kongsberg Maritime on Tuesday showcased a new line of offshore ship designs in its UT Design portfolio. The new anchor handler (AHT) and platform supply vessels (PSV) have the option to include alternative energy sources and fuels, such as methanol, ammonia, and hybrid-battery power.The AHT and PSV designs have received Approval in Principle from class society DNV to operate with ammonia-fuelled engines and they can incorporate an offshore charging capable plug-in hybrid option…
Follow the Money: Norway is Fertile Grounds for Shipping Projects
With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs…
BOEM Completes Environmental Review of Gulf of Mexico Wind Lease Areas
The United States' Bureau of Ocean Energy Management (BOEM) on Tuesday issued a final environmental assessment (EA) on potential impacts from offshore wind leasing on the U.S. Outer Continental Shelf in the Gulf of Mexico, marking another step toward the potential first-ever offshore wind lease sale in the Gulf.The assessment, completed with the help of the Gulf of Mexico Intergovernmental Renewable Energy Task Force—a collaboration between Tribal…
First US-Built Offshore Wind Substation Sets Sail
Offshore wind developers Ørsted and Eversource marked the sailaway of the first U.S.-built offshore wind substation, which departed a Texas fabrication facility Wednesday. The substation is transiting across the Gulf of Mexico and then up the East Coast for installation at the South Fork Wind project site in a few weeks.Kiewit Offshore Services, Ltd. (Kiewit), the largest offshore fabricator in the U.S.…
Volvo Penta Unveils New IPS Professional Platform
Volvo Penta has unveiled its new Inboard Performance System (IPS) professional platform, the next evolution in its fully integrated helm-to-propeller offering. Building upon the existing Volvo Penta IPS range, the new, larger and versatile platform is designed as a powerful and flexible solution for professional vessels and superyachts from 25 to 55+ meters with top speed from 12-40 knots, the manufacturer said.“Our passion…