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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…
Retaining Gen Z in the Marine Industry
While people in all generations measured themselves against eternal factors—fellow employees, family, their industry, etc.—Generation Z is fixated on measuring themselves against the world as seen through social media. Coaching them will help them begin to turn inward and measure success against their own goals. One of the keys to retaining your Gen Z workers will be in positively coaching them.Coaching should provide positive feedback about employee contributions.
REM Purus' New CSOV Named in Aalesund, Norway
Commissioning Service Operation Vessel (CSOV) REM Power was named at a ceremony in Aalesund, Norway on Friday.The Rem Power, owned by Rem Purus, designed to offer services and maintenance operations at offshore wind farms, was named in the center of Ålesund in front of shipbuilder VARD’s headquarters.This is the first of two CSOVs VARD is delivering to Rem Purus.The REM Power is a CSOV of the VARD 4 19 design, developed by Vard Design.
Marlink Launches Telemar Yachting
Marlink, the smart network and ICT solutions company, is bringing together its Telemar US, UK and Italy leisure market operations to create Telemar Yachting, to provide a portfolio of managed services to the yachting market.This combination installation and maintenance of safety and navigation equipment coupled with OmniAccess’ connectivity and cyber security solutions for the yachting segment.Telemar…
Protecting Offshore Energy Sources via USV
When most people discuss energy sources such as fossil fuel and green energy, it is from an “either-or” perspective. Some favor the former while others advocate for the latter. However, what is often lost in the arguments on both sides is that regardless of the type of energy being extracted or generated, those platforms that are offshore, especially oil rigs, oil and gas pipelines, and wind farms…
Yacht Goes Missing in the Red Sea with Five Aboard
A private yacht with three Russians and two Egyptians on board has been reported missing in the Red Sea near the coast of Yemen for several days by its owner and the Russian embassy in Saudi Arabia.It was not immediately clear what had happened to the pleasure yacht named 30 Minutes which its owner said was heading to Djibouti to be sent onwards by ship to Dubai.The ship, which its owner said was registered in Panama…
Markets: The Challenges of Developing Floating Wind at Scale
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at least 24 gigawatts (GW) of floating wind capacity representing close to 1,500 floating turbines that will come on stream through 2030.
Weeks Marine's New Hopper Dredge Goes on Sea Trials
A new trailing suction hopper dredge built by Eastern Shipbuilding Group for Weeks Marine has gone to sea trials.The 356-foot R.B. Weeks is the second in a series of two 8,550-cubic-meter-capacity hopper dredges Eastern has built for the New Jersey-based marine construction and dredging contractor, following sister vessel Magdalen delivered in 2017.In nearly all respects, the R.B. Weeks is identical to the Magdalen.
Critical Thinking Matters on the Bridge
One of the most important skills a ship’s officer should possess is their ability to recognize when something is out of place. If you don’t apply a lot of thought to what you are doing, recognizing your mistakes becomes nearly impossible. Thought is required in every step of every process performed on the bridge.With all the modern appliances we use for navigation and collision avoidance today, it…
Getting the Work Right: Coordinating Money, Time and Big Projects
I. MoneyNo one ever said it’s easy to understand federal budgets and spending plans. Nevertheless, a general sense of clarity and straightforwardness is critical for any review of public expenditures. This becomes more pressing when tracking revenue and expenditures linked to specific users’ fees, such as the $0.29/gallon fuel tax, paid by inland waterways operators. In 2021, the Inland Waterways Trust Fund (IWTF) held $221.5 million…
Lessons Learned from the USS Bonhomme Richard Fire
Shipboard fire a constant threat: Bonhomme Richard tragedy an enduring lesson in fire prevention, responseJuly 12, 2020 was a lazy Sunday morning at Naval Base San Diego. USS Bonhomme Richard (LHD 6), which had been commissioned only two years earlier, had recently made the base its new homeport and was docked as it underwent a maintenance availability.But, the silence of that morning was rocked by an explosion a few minutes before 9 a.m.…
Insights: Robert Schluter, e1 Marine
Robert Schluter served as an officer as part of the marine engineering team on board the U.S. Navy guided missile destroyer USS Mahan DDG-42 out of Charleston before transitioning to the business world and “general, corporate type work”. Today he serves as managing director at the third startup he’s helped build, e1 Marine.The company, a joint venture between Louisiana-based marine equipment lessor Maritime Partners…
GLDD Preps for its New Hopper Dredge Galveston Island
With dredging business booming in the U.S., companies across the country invest in innovative new tonnage to get the job done more efficiently, effectively and safely. Chris Gunsten, SVP, Project Services & Fleet Engineering, Great Lakes Dredge & Dock (GLDD) and Patrick Webb, Senior Director Sales - Global Marine and Stationary, Wabtec discuss the tech inside the new Conrad-built trailing suction hopper dredge Galveston Island.Conrad Shipyard recently launched Galveston Island…
Design Profile: Glosten's SA-100 Methanol-hybrid Tug
The commercial maritime industry is seeking solutions to improve efficiency and reduce emissions, and a wide range of new solutions are coming to market to answer the call. Among these is a new design for a methanol-hybrid tug from naval architecture and marine engineering firm Glosten. The SA-100, developed in collaboration with systems integrator ABB, is a high-powered tug with 90-ton bollard pull that’s “intended to give operators a means to improve environmental performance…
Uncrewed Ships Set to Bring Diversity Boost
The maritime industry’s movement toward remote vessel operations will not only build a more diverse workforce, it will benefit from it, argues marine robotics company Ocean Infinity.Greater workforce diversity, whether it be considered along lines of ethnicity, gender identity, sexuality, age, socioeconomic status, neurotype, physical ability or any other parameter, has shifted over the course of the last decade from a ‘nice to have’ to a fundamental value.
"Only One Stupid Thing at a Time"
This story spans a long period of time, but begins with a note I received recently on an earlier column from a reader named Allan Berger. He commented on the OODA loop concept in my “Pondering Truths in Design” column in the September MREN issue.He provided his approach that closely follows the OODA loop concept, which follows the principle of always gathering all the facts before speaking. That led to a discussion on decision making.
Dry Bulk Vessel Rates Rebound
The Baltic Exchange's main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 142 points, or about 21.1%, at 816, an over one-month high.The index, extending gains to a fifth session, recorded its biggest jump since mid-June 2020…
Supreme Court Sides With Offshore Worker in Overtime Case
An oil rig supervisor who earned more than $200,000 a year working for Houston-based Helix Energy Solutions Group Inc is entitled to overtime pay, the U.S. Supreme Court ruled on Wednesday in a decision with costly implications for the oil and gas industry.The court in a 6-3 decision authored by liberal Justice Elena Kagan decided that because the rig supervisor, Michael Hewitt, was paid a daily rate of $963 and not a salary…
Samsung Heavy Delivers LNG Pair for MISC
Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobil’s wholly-owned subsidiary…
From Paper to Pixels: Embracing the Digital Logbook
In an era of ever-smarter shipping, one key area of vessel and fleet administration appears stuck in the dark ages. Pierre Dominé explainswhy Stolt Tankers is rapidly transitioning to digital logbooks, unlocking a broad range of big data benefits.Although the switch from paper to digital logbooks is yet to be mandated, Pierre Dominé, Quality Assurance & Investigation Specialist, Stolt Tankers, sees no need to wait.