SouthCoast Wind gets final BOEM nod
The Bureau of Ocean Energy Management (BOEM) today announced its approval of the Construction and Operations Plan for the SouthCoast Wind Project. This is the final approval needed for the project from BOEM following the Department of the Interior’s December 2024 Record of Decision. “We are proud to announce BOEM’s final approval of the SouthCoast Wind project, the nation’s eleventh commercial-scale offshore wind energy project…
Baldwin Applauds Shipbuilding Report, Calls on Trump to Act
U.S. Senator Tammy Baldwin (D-WI) is applauding the newly released report from the United States Trade Representative outlining how China has used unfair trade practices to undercut American shipbuilding, hurting American workers, businesses, and national security.Senator Baldwin called on the administration to fight China’s unfair trade practices, leading her colleagues in support of the United Steelworkers’…
Oil set for fourth week of gains on US sanctions
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%, at $80.87 per barrel by 11:30 a.m. ET (1630 GMT), having gained 1.4% this week. U.S. West Texas Intermediate crude futures were down 89 cents, or 1.1%, at $77.81 a barrel…
Port of Long Beach Marks 20 Years of Leading Green
The Port of Long Beach is accomplishing its environmental, operational and commercial goals and is setting its sights on even greater achievements in the years ahead, CEO Mario Cordero said Thursday during his eighth annual State of the Port address.While reflecting on the Port’s record-setting 2024, with 9.6 million cargo containers moved with zero disruptions or backlogs, Cordero said Long Beach is making progress in transitioning operations to zero emissions…
FSG Nobiskrug Shipyards negotiations at "advanced stage"
FSG Nobiskrug shipyards has received several offers from potential investors. These are industry-related companies from Germany, not financial investors.This was reported by the provisional insolvency administrators Dr Christoph Morgen and Hendrik Gittermann at an event in Rendsburg on 17 January. The occasion was the visit of Schleswig-Holstein's Prime Minister Daniel Guenther and State Minister of…
Baltic Index logs second straight weekly drop
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week.
Sanmar to Build Fully Electric Tug
Sanmar has signed a contract with major towage and marine services provider Svitzer to build a fully electric tug to be deployed in Scandinavia to provide services between Denmark and Sweden.The Denmark-headquartered global operator has ordered a new ASD, 1,818 kWh, 70-ton bollard pull, tugboat based on the exclusive-to-Sanmar ElectRA 2500-SX design from Canadian naval architects Robert Allan Ltd.Measuring 25.4m LOA…
Industry Executives: Red Sea too risky even after Gaza ceasefire
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel and…
Philippine Navy Drills Near Scarborough Shoal
The Philippine navy said on Friday its ships were holding drills near a contested shoal in the South China Sea, a day after Manila and Beijing agreed to seek common ground and find ways to cooperate despite ongoing disputes.The exercise around the Scarborough shoal, one of Asia's most hotly contested areas, was aimed at enhancing the navy's capability to secure what it said were Philippine waters and the country's territorial integrity…
New Funding to Advance Hull Cleaning and Inspection Robot Deployment
Canada’s Ocean Supercluster (OSC) is participating in a $940K Amphibian UWILD Remote Robotic Platform Project.The robot is expected increase the speed and accuracy of ship hull inspections and reduce the risks associated with diving crews.The project will allow Marine Thinking to develop a Launch and Recovery System (LARS) for Innvotek’s Amphibian “Underwater Inspection in Lieu of Dry-docking” (UWILD)…
Sanctioned Tanker Discharges Oil in China
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.The tanker is the first since last week's sanctions announcement to discharge in Shandong province where many of China's independent refineries that have been big importers of Russian crude are based.It will be monitored closely…
Fujairah 2024 Bunker Sales Higher Than Zhoushan
Sales of marine fuel at the United Arab Emirates' Fujairah edged higher in 2024 after a downtrend in previous years, latest data showed.Volumes, excluding lubricants, totalled 7.6 million cubic metres (about 7.5 million metric tons) for 2024, up 1.9% from 2023, based on Fujairah Oil Industry Zone data published by industry information service provider S&P Global Commodity Insights this week.The port retained its position as the world's third-largest bunker hub as of 2024…
USTR Finds China's Shipbuilding Dominance is Actionable Under Law
The U.S. Trade Representative's office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under U.S. trade law.The findings of a USTR probe, first reported by Reuters on Tuesday, did not include a specific recommendation of penalties against Beijing, leaving next steps up to President-elect Donald Trump…
A New Use for Old Jackets
Global aquaculture production has already exceeded wild fisheries production, and space constraints in coastal areas have driven interest in the viability of combining aquaculture with offshore energy installations. New ideas keep coming.An article published in Heliyon this month assessed the potential for growing high-value algae species on decommissioned oil and gas jackets.Algal aquaculture is growing at 8.9% annually and became an $22 billion industry in 2024.
BOEM Finalizes Offshore Wind Fisheries Mitigation Guidance
The US Bureau of Ocean Energy Management (BOEM) has finalized guidance aimed at mitigating the impacts of offshore wind energy projects on commercial and for-hire recreational fisheries.It provides a national framework for addressing social and economic impacts on the fishing industry and establishes clear processes for the offshore wind industry to address potential disruptions to fisheries. It ensures consistency and promotes fair treatment of fishermen…
Private Sector to Help Protect Subsea Cables in Europe
The US and Norway have agreed on further steps to increase the security of subsea infrastructure including better involvement of the private sector.The US and Nordic-Baltic countries, including Norway, have agreed to:• Harmonize and develop channels and procedures for sharing real-time situational awareness and incident information within national governments, across allies, and between public and private sector stakeholders…
Allseas to Electrify Launch and Recovery Systems
Allseas has commissioned MacArtney to replace existing hydraulic launch and recovery systems (LARS) with the all-electric eLARS on three vessels.The scope comprises three over-the-side 150 kN all-electric A-frames, including docking head and AHC winch, for a new fleet of electric remotely operated vehicles (ROVs) used in survey and construction tasks to water depths of 4-6 kilometers.One system is planned to be mobilized on Pioneering Spirit…
Renewable Diesel Project for Passenger Ferry Underway in California
In partnership with Catalina Express and Harbor Breeze Cruises, the Port of Los Angeles will soon begin emission-reduction technology demonstration projects for specialized harbor craft, thanks to a $31 million grant awarded by the California Air Resources Board (CARB).The Los Angeles Marine Emission Reduction (LA MER) project will involve the design, construction and launch of a passenger ferry with Tier 4 engines and potentially a CARB-verified, U.S.
Delayed Energy Transition Could Mean Higher Hydrocarbon Prices
As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices, according to the latest Horizons report from Wood Mackenzie.According to the report “Taking the strain: how upstream could meet the demands of a delayed energy transition”…
Trafigura Co-Loads Ammonia and Propane
Trafigura and CF Industries, the world’s largest producer of ammonia, have completed the first co-loaded ammonia and propane shipment operation of its kind.In early January, the Green Power Medium Gas Carrier (MGC) completed a single voyage from the US to Europe loaded with ammonia from CF Industries and with LPG (propane) in separate tanks.The co-loaded vessel project was intended in part as a demonstration…
