A P Moeller News

The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid.“As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the project with Copenhagen Infrastructure Partners (CIP), told Reuters Events.The turbine will be joined by 61 additional turbines to provide 806 MW of power to the grid by the end of the year…

The installation of the first monopiles and transition pieces has kicked off for the first commercial-scale offshore wind farm in the United States - the Vineyard Wind 1.“We can finally say it – as of today, there is ‘steel in the water,’” said Klaus S. Moeller, CEO of Vineyard Wind, the company developing the Vineyard Wind 1 offshore wind farm, located in a federal wind energy area 15 miles south of Martha's Vineyard and Nantucket, and 35 miles from mainland Massachusetts.Vineyard…

The offshore substation and jacket foundation, bound for the U.S. offshore wind project Vineyard Wind 1, have left the quay at Bladt Industries’ production site in Southern Denmark, heading for its destination 35 miles from mainland Massachusetts.Sail-away is on time according to the original schedule and is a major milestone for the project team from Bladt Industries, Semco Maritime, and ISC Consulting Engineers.Vineyard Wind 1 is carried out as an EPC contract, with ISC as a subcontractor…

U.S. offshore wind farm developer Vineyard Wind will deploy and test a secondary bubble curtain noise mitigation system during foundation installation at the Vineyard Wind offshore wind farm, the first commercial-scale wind farm installation project in the U.S.For this, the company is investing in ThayerMahan, a firm that specializes in seabed surveys, acoustic mitigation and monitoring, and other maritime-related services, with facilities in Connecticut and Massachusetts. The $5 million in funding comes from Vineyard Wind's Industry Accelerator Fund…

Cable installation has kicked off at Vineyard Wind, the U.S. first commercial scale offshore wind farm, at a site located 15 miles south of Martha’s Vineyard. Vineyard Wind, the company developing the namesake wind farm, also announced that it expects to begin nearshore cable work off the south coast of Cape Cod in the coming days. The work is being conducted by Prysmian Group, the subsea cable manufacturing and installation firm based in Italy.Prysmian recently announced plans to build the first U.S.-based offshore wind subsea cable factory in Somerset…

UK-based survival technology solutions provider Survitec has appointed Robert Steen Kledal as the company’s new Chief Executive Officer (CEO)."As CEO, Robert will be responsible for setting Survitec’s strategic direction. He will lead the Survitec Executive team and sit on the Survitec Board," Survitec said."At the start of the year, Survitec launched a new organizational structure designed to make Survitec an even better partner – increased levels of customer centricity and agility were the main focus.

Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.There were no immediate details on the mechanism of the cooperation.(Reuters - Reporting by Moataz Mohamed; Editing by Jan Harvey)

Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller - Maersk's refrigerated containers maker for $987.3 million.The U.S.

Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. and Copenhagen Infrastructure Partners (CIP), announced a partnership with autonomous maritime solutions company ThayerMahan for seabed and infrastructure survey and inspection work in the waters off southern Massachusetts.Based in Groton, Conn., ThayerMahan, specializes in seabed surveys, acoustic mitigation and monitoring, and other maritime related services and has facilities in Connecticut and Massachusetts.

Offshore wind developer Vineyard Wind on Monday announced it has signed a contract to charter a crew transfer vessel (CTV) from Massachusetts-based marine transportation company Patriot Offshore Maritime Services.The 88.5-foot (27-meter) aluminum CTV will be built at Gladding-Hearn Shipbuilding in Somerset, Mass. for mid-2023 delivery. Based on an Incat Crowther catamaran design, with a beam of 29.5 feet and draft of 5.6 feet, it will be capable of carrying up to 24 technicians…

The Port of New Bedford in Massachusetts will add another base of operations and terminal logistics facility to support offshore wind projects off the northeastern coast seaboard.Foss is partnering with key local investors of New Bedford’s Cannon Street Holdings LLC (CSH) to develop the 30-acre site, currently home to the decommissioned Cannon Street Power Station in the city’s central waterfront. The former Sprague/Eversource site was selected for its proximity to offshore wind blocks located approximately 15 miles south of Martha’s Vineyard and Nantucket islands.

A U.S. appeals court on Thursday said workers who use cranes attached to boats to load equipment onto offshore oil rigs are not "seamen" exempt from overtime pay under federal wage law, reviving a collective action against liftboat operator All Coast LLC.The full 5th U.S. Circuit Court of Appeals voted 15-2 to deny en banc review to All Coast and reinstated a three-judge panel's unanimous February ruling that said the workers were engaged in industrial activities that had no bearing…

A massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said on Monday, raising hopes the busy waterway will soon be reopened for a huge backlog of ships.The 400-meter (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.After further dredging and excavation over the weekend…

Suez Canal salvage teams intensified excavation and dredging on Sunday around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying work had been complicated by rock under the ship’s bow.Diggers were working to remove parts of the canal’s bank and expand dredging close to the ship’s bow to a depth of 18 meters, the Suez Canal Authority (SCA) said in a statement.There was no mention of new attempts to release the ship with tugs…

Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to help save the oceans from over-fishing, rising temperatures and pollution.Together, the companies generated $1.1 trillion in revenues in 2018, or about 60% of the total, according to a study that sets out for the first time which firms profit the most from marine industries.Oceans play a critical role in capturing planet-warming gases, absorbing around 25% of all carbon dioxide emissions.

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller, operates a market-leading commercial platform for tankers of various sizes. Albis offers its customers tailor-made solutions for the chartering and operations of tankers.In addition to the technical ship manager Ahrenkiel Tankers, MPC Capital complements its range of services in the tanker segment by acquiring a shareholding in Albis. Following the recent merger between Contchart and Harper Petersen…

A.P. Moeller – Maersk will extend its end-to-end container logistics services with JDA Software Inc.’s Warehouse Management solutions, further building its warehousing and distribution services.American software and consultancy company providing supply chain management said Maersk will gain support in its ambition to provide visibility throughout the supply chain to improve on-time performance, adapt to real-world disruptions and simplify its customers’ supply chains.Today Maersk Warehousing and Distribution provides its customers the advantages of an end-to-end delivery network and greater flexibility through a wide range of logistics solutions…

“I think it is very early to project what will be the fuel of the future. I think that it will be much more clear in January 2020 (when the new IMO fuel rules enter force) and we see the direction of fuel costs.”To start, put in perspective the current pressure to reduce emissions in the maritime industry.It all really started at the beginning of the 1990s when the world started discussing that something needed to be done on exhaust gas emissions from marine vessels. We stayed in contact with various regulatory authorities, as we tried to be a part of the conversation in the creation of rules.

Industry leaders and non-profit the Sustainable Shipping Initiative announced the launch of the Ship Recycling Transparency Initiative’s (SRTI) online platform - a tool for sharing information on ship recycling to drive responsible practice.According to a press release, the platform comes nine months after a group of shipping companies first announced their collective effort to use the market-drivers that transparency brings to make responsible ship recycling the norm. Demanding transparency holds the shipping industry to account, raising the bar for current practice as well as creating fair competition among ship-owners.In 2017, 835 ships were recycled out of a world fleet of 50,000.

AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock, one answered Positive, six Neutral and one Negative. The following brokerages and investment banks participated in the poll:Handelsbanken Capital: UnderweightSydbank: HoldEquita SIM: HoldDrewry: HoldClarksons…

Teekay Shipping Corporation, the global marine energy transportation, storage & production company, has signed up to the Ship Recycling Transparency Initiative (SRTI).The Canadian shipowner thus  joined A.P. Moeller-Maersk, the China Navigation Company, Wallenius Wilhelmsen and other major maritime players and becomes the eighth to make public their approach to ship recycling.“Teekay is committed to helping the ship recycling facilities that we work with elevate their skills and performance to increase safety and sustainability,” said Kenneth Hvid, President and CEO, Teekay.“Our employees are on-the-ground throughout the recycling process to perform regular inspections and audits and provide training to staff and workers.

A.P.M Moeller-Maersk (Maersk) has informed the search for the missing seafarer who fell overboard from the Maersk Patras on May 19, 2019, has been suspended.“It is with regret we have received the news that the search and rescue operation was unsuccessful and we must conclude that we have lost our colleague. It is a tragic situation for the family and we have offered them our full support. My deepest condolences and thoughts go to them,” says Søren Toft, COO of A.P. Moller - Maersk, the largest container shipping line by market share.On 19 May 2019 at approximately 9:30 am local time, the 2nd Officer of the vessel Maersk Patras fell overboard into the Saint Lawrence River (Canada) north east of the junction with Saguenay River.Several vessels including Maersk Patras…

Danish shipping giant A.P. Moeller-Maersk A/S has acquired Vandegrift, a US-based customs house broker,  as the ocean container line pushes further into land-based logistics services and operations. This is the first acquisition of the year in the fast-growing logistics sector.“Vandegrift’s expertise and reputation enables us to place a trusted advisor in front of our customers to design and build individualized Customs Brokerage and Compliance programs that identify risk and provide solutions. This customer advocate role, coupled with our supply chain assets and global scale creates winning end-to-end solutions for companies intent on competing better in 2019,” said Narin Phol,  Regional Managing Director of Maersk North America.Price and terms were not disclosed.