Weeks News

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…

Yemen's Houthis said they targeted the MSC Darwin ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships in the Red Sea region in solidarity with Palestinians fighting Israel in the Gaza war.The Houthis also fired a number of ballistic and winged missiles at several targets in Israel's port city of Eilat, the group's military spokesman Yahya Sarea said in a televised speech on Thursday.The Liberian-flagged MSC Darwin VI ship was in the area of the attack…

The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The industry has already felt the need for upgrading crane lifting capacity on existing offshore wind installation vessels: NOV is upgrading the cranes on Cadeler’s existing O-class wind turbine installation vessels (WTIVs), and a gantry crane extension will soon make Van Oord’s Svanen one of the largest floating heavy-lift installation vessels.It’s a newbuild phenomenon too. NOV has developed a telescoping leg encircling crane for Shimizu’s GustoMSC-designed WTIV Blue Wind.

China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine.Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese…

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

At least five people, including a child, died in an attempt to cross the English Channel from France, hours after Britain passed a bill to deport asylum seekers to Rwanda to try to deter the dangerous crossings.The deaths of one child, a woman and three men occurred on an overcrowded small boat carrying around 110 people attempting to cross one of the busiest shipping lanes in the world. The French coastguard was still searching for survivors."After becoming initially stranded on the shore, the boat set out to sea again.

Green hydrogen producer Lhyfe has launched the first Green Hydrogen Marketplace, on its online portal Lhyfe Heroes.Since 2017, Lhyfe has been working to accelerate decarbonization through major innovations such as the world’s first industrial-scale green hydrogen production site directly connected to a wind farm in 2021, the world’s first pilot platform for producing green hydrogen at sea in 2022, and the digitalization of the sector, since 2022, with the Heroes digital platform…

This week, various holidays concluded across the globe just as Indian sub-continent ship recycling markets started to perk up amidst fundamentals that have independently enjoyed varying degrees of volatility and resurgence over recent weeks, reports cash buyer GMS.“Steel plate prices in Bangladesh and Pakistan remained flatlined at respectively firm levels - the effects of which has only helped these markets grab their share of high-priced fixtures since the start the of the year - all while the ever-volatile Indian plate price that fell last week…

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…

The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear that the Houthis have acted on earlier threats to expand operations to the Indian Ocean region and attacks towards southern Israel.The Houthis have repeatedly launched attacks towards the southern Israeli port of Eilat in what they have described…

Thordon Bearings, the pioneer in water-lubricated bearings, secured a new order for a rudder bearing that was fitted to a 77.1m (253ft) research ship that frequently operates in ecologically sensitive marine environments.The 38-year-old Ocean Endeavour, operated by the UK’s Gardline, a multi-disciplinary marine survey company which operates a fleet of 13 multi-role survey ships, was recently fitted with Thordon’s SXL rudder bearing at UK Docks Marine Services’ Teesside drydock.Bruntons Propellers…

The FBI said on Monday it opened a criminal probe into the collapse of a Baltimore bridge in March when a ship crashed into a bridge support, while local officials confirmed the recovery of a fourth body from the incident.FBI agents boarded the cargo ship Dali to conduct court-authorized law enforcement activity regarding the crash, an FBI spokesperson said. The spokesperson said there was no other public information available and the bureau will have no further comment.The body…

Ukrainian seafarers are experiencing increased levels of loneliness and depression amid fears of conscription if they return home as the war enters its third year, seafarer charity Stella Maris warns.Stella Maris regional port chaplains for Southampton and Southern ports, Charles Stuart and Gregory Hogan, who make multiple daily ship visits report Ukrainian seafarers are under increasing strain.“The initial stresses have been replaced by something else,” Hogan says. “At first…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourteenth consecutive session on Tuesday as rates for the larger vessel segments slipped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 24 points, or 1.5%, to 1,570 points, its lowest level in two months.The capesize index dipped by 45 points, or 2.1%, to over a two-month trough at 2,153.Average daily earnings for capesize vessels…

A containership lost propulsion in a busy New York City waterway just as it was about to pass under the Bayonne Bridge on Friday night—less than two weeks after a presumed power failure caused similarly sized vessel to allide with Baltimore’s Francis Scott Key Bridge.The U.S. Coast Guard said it received a report that the Malta-registered APL Qingdao lost propulsion about 8:30 p.m. as it traversed the Kill Van Kull, a shipping late between New York's Staten Island and Bayonne…

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea, respectively.Report overview:ContractsShelf Drilling has received a notice of suspension of operations on four jackup rigs from a customer in the Middle East.

A British Royal Navy ship will supply aid to Gaza as part of an international effort to help set up a new humanitarian maritime corridor in early May, the foreign office and ministry of defence said on Saturday.The multinational effort, involving the United States, Cyprus and other partners, will develop a new temporary pier off the coast of Gaza, British foreign minister David Cameron said."The situation in Gaza is dire and the prospect of famine is real. We remain committed to getting aid to those who so desperately need it…

The Baltic Exchange's dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 41 points or 2.5% to 1,628 points, its lowest level in seven weeks.The index was down over 10% for the week.The capesize index was down by 80 points, or 3.4%, at 2,274. It logged a weekly rise of over 13%.Average daily earnings for capesize vessels…

The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to full capacity by the end of May.The main channel has been blocked by wreckage since the fully loaded container ship Dali lost power and rammed into a support column of the Francis Scott Key Bridge on March 26, killing six road workers and causing the highway bridge to tumble into the Patapsco River.The Army Corps…

Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.The company said its vessel Carmen - which according to shipping data is among the biggest car carriers in its fleet - remained stuck in Baltimore's port, with the ship and its crew ready to sail as soon as the channel was reopened.Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday…

Norway-based Edda Wind on Tuesday announced it has taken delivery of a newly built service operation vessel (SOV) from Spanish shipbuilder Astilleros Balenciaga.The vessel, C416—to be renamed Edda Goelo at a later stage—was delivered on March 26. It will be the permanent vessel in the contract with Siemens Gamesa Renewable Energy at the Saint-Brieuc wind farm in France, running until Q2 2028. C416 is of Salt 0358 design and the sister vessel of Edda Brint, delivered from Astilleros Balenciaga in October 2022.

The week concluded surprisingly for sub-continent ship recycling nations which were busier (from an LDT perspective) than recent weeks, reports cash buyer GMS.“This left local recyclers scrambling to get their respective shares of the odd unit in, and that too at ever-competitive rates. As such, the dearth of vessels currently available for a recycling sale will certainly ensure that any mis-directed dreams of discounted deals at this juncture of the year, are likely to remain just that…i.e.

The biggest operational crane on the U.S. Eastern Seaboard towered over Baltimore's port on Friday, ready to begin clearing the wreckage of the Francis Scott Key Bridge days after a cargo ship crashed into it, sending the span crashing into the harbor.Crews were still surveying the damage as of midday Friday. The crane, which can lift up to 1,000 tons, arrived late Thursday night and will probably start hauling debris out of the water on Saturday morning, according to U.S. Coast Guard spokesperson Carmen Carver.A second crane is en route and expected to arrive soon to assist the effort…