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Friday, April 26, 2024
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25 Apr 2024

US Releases Offshore Wind Liftoff Report and Promises Funding

© Cavan / Adobe Stock

The U.S. Department of Energy (DOE) has released its latest report in the Pathways to Commercial Liftoff series, describing how the U.S. offshore wind sector is adapting to challenges and poised for continued progress, with a path to deploying over 100 gigawatts (GW) by 2050.The Pathways to Commercial Liftoff: Offshore Wind report finds that the sector today is poised for liftoff, enabled by continued efforts to adapt to recent market challenges. The projects that move forward in the next several years will lay the foundation for consistent long-term deployment


22 Apr 2024

Mercy Ships to Build Another Hospital Ship

Source: Mercy Ships

The MSC Foundation, the MSC Group and Mercy Ships International have joined forces to build a new hospital ship.On 8 April, the chairman of MSC Group and MSC Foundation, Capt. Gianluigi Aponte, MSC Group President and Member of the MSC Foundation Board, Diego Aponte, and Mercy Ships Founder, Don Stephens, finalized an agreement to kickstart the new project with a generous anchor donation from MSC Foundation.The new purpose-built hospital ship will expand the impact of Mercy Ships’ life-changing surgeries


22 Apr 2024

Navigation and Wind Farms: Competing Ocean Uses Raise Existential Questions

(Photo: Ryan L. Noel / U.S. Coast Guard)

“Wind Turbines: The Bigger, the Better” -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean. The notice includes an upfront issue: the need to mitigate conflicts with U.S. Department of Defense (DOD) activities. BOEM explains that in certain areas the Air Force has set an airspace floor of 1,000 feet above sea level and the Air Force asked BOEM to keep structures below that height.

19 Apr 2024

MISC Signs Deals for World’s First Ammonia Dual-Fuel Oil Tankers

(Credit: MISC)

Malaysia’s MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of world’s first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributing to the industry decarbonization by utilizing ammonia as the cleaner alternative


18 Apr 2024

Venezuela Oil Sector Hit by Loss of Its Widest US License

© Fotos von Schiffen / Adobe Stock

Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.On Wednesday


18 Apr 2024

US Riles China with Shipbuilding Probe

© Igor Groshev / Adobe Stock

The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist than any other country" to obtain dominance over the global shipbuilding, maritime and logistics sector."The American commercial shipbuilding industry is a shell of its former self. . .

18 Apr 2024

ONE Launches Green Shipping Solution ONE LEAF+

Source: ONE

Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers:‱ Reduced Carbon Footprint: ONE will deploy regulation-compliant alternative fuels on designated vessels, allowing customers to reduce Scope 3 GHG emissions on their shipments with ONE.‱ Added Transparency: With ONE LEAF+, customers will


17 Apr 2024

US to Reimpose Oil Sanctions on Venezuela

© Nmomentscatcher / Adobe Stock

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to “wind down” their business and transactions in the OPEC country's oil


17 Apr 2024

Crew of Ship Seized by Iran Are Safe, Operator MSC Says

File photo: MSC Aries shown docked in the Port of Los Angeles in December 2021 (© angeldibilio / Adobe Stock)

The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday, adding that discussions with Iranian authorities are in progress to secure their earliest release."We are also working with the Iranian authorities to have the cargo discharged," the Swiss headquartered company said in a statement.Iran's Revolutionary Guards seized the container vessel in the Strait of Hormuz days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus on April 1.

16 Apr 2024

Consortium Forms North Pacific Green Corridor

Source: Oldendorff Carriers

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor for the decarbonized transportation of multiple commodities, including agricultural products, metal concentrates and steelmaking coal.The members of the NPGCC are committed to establishing the consortium as a catalyst for decarbonization efforts


16 Apr 2024

Allseas Makes Progress on Santos’ Barossa Gas Export Pipeline in Australia

Audacia pipelay vessel on Barossa assignment (Credit: Allseas)

Offshore installation contractor Allseas has made progress on the installation of the pipeline for Santos’ Barossa Gas Export Pipeline (GEP) project offshore Australia.Allseas’ Audacia pipelay vessel has installed her largest ever PLET in S-mode, concluding several years of in-house engineering, fabrication and testing, the Swiss-based contractor said.Due to the weight of the pipeline end termination structure, Allseas’ production crew had to install it separately to the connector head.Audacia vessels is being supported with four other vessels - Fortitude


15 Apr 2024

New Agreement Targets Nordic Hydrogen Projects

Source: Provaris

Provaris Energy and Norwegian Hydrogen AS have announced a new agreement to jointly progress the identification and development of several sites in the Nordic region for the large-scale production and export of hydrogen to European markets.The projects will utilize locally available renewable energy to produce hydrogen for shipment to European ports. This will assist energy-intensive industries in making an impact on their decarbonization plans and target a scale and level of


15 Apr 2024

Decarbonization is a Major Challenge for US Ports -Report

© dbvirago / Adobe Stock

A large number of ports across the United States are making headway toward ambitious decarbonization targets, but many are running up against significant challenges that threaten their progress, according to a new report from classification society ABS and trade group the American Association of Port Authorities (AAPA).Financial constraints, low technology readiness and physical space limitations are among key obstacles identified the ABS and AAPA report, "Port Decarbonization Survey: Trends and Lessons Learned"


12 Apr 2024

Due Diligence Needed for Maritime Tech Adoption to Minimize Risk with Digital Transformation, Says OrbitMI

OrbitMI CEO Ali Riaz (Photo: OrbitMI)

Rapid technological change, complex regulation and competitive pressures are driving digital transformation in the shipping industry. But navigating a confusing software landscape can be difficult, and sound decision-making is essential to minimize innovation risk, according to OrbitMI.Industry spending has soared in recent years on intelligent process automation solutions geared to boosting efficiency, reducing costs, curbing emissions and improving safety for shipping companies


11 Apr 2024

New Study Offers Safety Recommendations for Green Shipping Corridors

© Zdenar Adamsen / Adobe Stock

A new report offers safety recommendations for ship owners and port authorities seeking to establish green shipping corridors.As the shipping industry continues to make progress toward its decarbonization goals, a number of green shipping corridors are being being set up as maritime routes that help to enable the use of low- and zero-emission lifecycle fuels such as methanol, ammonia and hydrogen, as well as other green technologies. To date, more than 30 green shipping corridors


10 Apr 2024

Carnival Corporation Progresses its Sustainability Goals

© NAN / Adobe Stock

Carnival Corporation has released its 14th annual sustainability report detailing how it achieved several 2030 environmental goals well in advance.The company is producing 10+% less absolute GHG emissions today than in 2011, its peak historical year, despite increasing capacity by roughly 30% since that time. Tracking toward its 2030 goal four years ahead of schedule, the company formally committed to reducing its GHG intensity by at least 20% by 2026 (versus 2019 levels; measured on a lower berth capacity basis).

08 Apr 2024

SAAM Seeks Further Growth in Towage Business

Source: SAAM

At SAAM’s annual general meeting last week, Chairman Óscar Hasbún outlined the objectives for the company's new phase, following the sale of the port terminals and inland logistics division."SAAM has robust solvency and liquidity indicators and a solid capital structure for this new cycle where our objective is clear: to become a leading global operator in the towage business and a regional leader in airport logistics. We are already a benchmark in both businesses and have developed a unique operating model


15 Apr 2024

MDL Assists Saipem on Gastrade’s LNG Development Off Greece

FSRU Alexandroupolis (Credit: Gastrade)

Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastrade’s Alexandroupolis floating storage regasification unit (FSRU) to the country’s gas transmission system.The project consisted of a FSRU and a mooring and pipeline system, connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS).An MDL flex-lay spread was used for the installation of two flexible risers


29 Mar 2024

Welsh Port Steps Closer to Becoming Floating Wind Hub

Rendering - Port of Talbot as offshore wind hub (Credit: ABP)

A project to transform the Port Talbot into a major hub for floating offshore wind (FLOW) and green energy development has come one step closer to securing a share of up to $200 million (£160 million) of UK Government funding.The UK Government has agreed to take forward the Future Port Talbot project and the Port of Cromarty Firth to undergo due diligence as part of the next stage of its Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).The due diligence process


01 Apr 2024

America’s Watershed Initiative: Sustaining a Critical Waterway

“I really believe that rivers connect us in all kinds of ways.” - Kimberly Lutz, Executive Director, America’s Watershed Initiative (Photo: AWI)

Kimberly Lutz and America’s Watershed Initiative (AWI) are making every effort to sustain the Mississippi River for generations to come.The Mississippi River is one of the world’s largest river systems and is arguably America’s most critical waterway. Flowing over 2,350 miles, spanning, at points, up to eleven miles, and discharging approximately 593,003 cubic feet of water per second into the Gulf of Mexico, the Mighty Mississippi is awe inspiring in terms of its natural characteristics as well as its commercial impact on both the American and global economies.

02 Apr 2024

Port of Aberdeen Makes Progress on its Strategic Floating Wind Path

(Credit: Port of Aberdeen)

Port of Aberdeen has stepped closer to becoming a strategic hub for floating offshore wind, with its proposed South Harbour upgrade project progressing to Stage 2 ‘priority’ status in the Scottish Offshore Wind Energy Council’s (SOWEC) strategic investment model.The significant upgrade involves a capital dredge project to deepen 750 meters of quayside to  -14.5 meters chart datum, providing suitable depth for the majority of ScotWind and INTOG project turbine designs.Combined with South Harbour’s expansive laydown area and ultra heavy-lift capacity


01 Apr 2024

Esgian Week 13 Report: Demand Shifts

© Kalyakan / Adobe Stock

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for an exploration well in


05 Apr 2024

On Board the eWolf: The First Electric Tugboat in the US

(Photo: Eric Haun)

Crowley Maritime Corporation has owned and operated a lot of vessels since its founding in 1892. But the latest vessel to join its fleet is unlike any other that has come before it.Crowley’s new harbor tug, eWolf, is unique in that it runs 100% powered by batteries, not diesel engines, meaning it produces zero emissions and nearly no noise. Not only is the vessel the first fully electric tug in the Crowley fleet, but it is also the first of its kind in the United States.Faced with stricter regulations and commercial pressure to prioritize environmental