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Floating Wind: What Opportunities Exist for Installation Companies and Vessel Owners?
Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global forecast translates demand to a requirement to pre-lay more than 6,000 mooring spreads within the forecast period and the hook-up of around 5,400 turbines.
US Offshore Wind Projects Seek Looser Subsidy Rules in Fight for Survival
A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers.Norway's Equinor, France's Engie, Portugal's EDP Renewables, and trade groups representing other developers pursuing U.S. offshore wind projects told Reuters they are pressing officials to rewrite the requirements…
ABS Approves Bumi Armada's Floating Concept for Carbon Storage and Injection
The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 deliveries in an offshore setting…
Orsted CEO Says Abandoning US Wind Projects a 'real option'
Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO. "We are still upholding a real option to walk away," Orsted CEO Mads Nipper told Bloomberg News in an interview. "But right now, we are still working towards a final investment decision on projects in America." Last week Orsted said it may see U.S.
BV Issues AiP for World's Largest LNG Carrier
During Gastech 2023 in Singapore, Bureau Veritas (BV) formally issued its Approval in Principle (AiP) to the CSSC Hudong-Zhonghua Shipbuilding Group for a new LNG carrier design. With a capacity of 271,000cbm, it will be the largest LNG carrier to date, using the GTT NO 96 membrane containment system in its five cargo tanks.BV performed a preliminary design review and HAZID (hazard identification) analysis to help ensure the highest levels of safety…
SUNY Maritime President to Retire in 2024
RADM Michael Alfultis announced he will retire in 2024 after nearly a decade as president of SUNY Maritime College and more than 30 years in higher education.When RADM Alfultis was appointed Maritime College president in 2014, he immediately focused on two priorities for the college: the replacement of the training ship Empire State and the formal reconciliation with the Fort Schuyler Maritime Alumni Association.
ClassNK Amends Rules for Seawater-lubricated Shafts
Nippon Kaiji Kyokai (ClassNK) has joined the major classification societies to amend its rules relating to the inspection of seawater-lubricated propeller shaft systems.The amendment means that ships with open seawater-lubricated propeller shafts that are built to ClassNK rules are subject to the same 15-year shaft withdrawal inspection periods as oil-lubricated shafts and sterntubes, subject to monitoring…
Fishing Vessel Converted to CTV for Work in US Offshore Wind
A fishing vessel has been converted to operate as a Jones Act compliant crew transfer vessel (CTV) in the U.S. offshore wind industry.Hornblower Marine announced it converted the former fishing vessel Nice Day Too for New Bedford, Mass. based Coast Line Transfers.The 59-foot-long Capt. Les Eldridge, which was originally constructed on the Gulf Coast, underwent extensive bow conversion and other vessel upgrades at Hornblower Marine’s Bridgeport, Conn.
H2Carrier Names New Chief Commercial Officer
H2Carrier announced that Michael Kristensen has joined the company as chief commercial officer. His main focus short term will be business development and contributing to maturing H2C’s current portfolio of energy projects.Kristensen has worked for 30 years in the maritime and energy sectors in different positions and for companies such as J. Lauritzen, NYK, Alcatel Submarine Networks, Axis Offshore and Prosafe.
Solstad Offshore's CSVs Win Deals in Asia, South America
Norwegian offshore vessel owner Solstad Offshore has secured new contracts for two of its subsea vessels (CSV). CSV “Normand Baltic” has been awarded a 180-day contract for providing “Walk to Work” services on an unnamed offshore wind project in Asia. The contract will start in October 2023.CSV “Normand Samson” has been hired for a period of a minimum of 260 days to support a field development project in South America with start in in the first quarter 2024.
CO2 Shipping on the Rise
The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas.As the global carbon capture…
Aker BP, Höegh LNG in Carbon Transport and Storage Services Pact
Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering…
DNV Gives Thumbs Up to Moss Maritime's LH2 Ship Transport Solution
Moss Maritime, Norwegian company specializing in design and engineering services to the offshore energy industry as well as other ocean-based sectors and a subsidiary of Italy's Saipem, has secured an Approval in Principle (AIP) from the classification society DNV for a containment system for ship transport of liquefied hydrogen (LH2).Ship transport of liquefied hydrogen is seen as one of the key technical challenges in realizing the energy transition to a carbon-free future…
How Serious a Problem is the Cost Issue in U.S. Offshore Wind?
Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease auction, speculation has mounted around the longer-term prospects for U.S. wind.
SCHOTTEL to Propel Orca Class Heavy-lift Vessels
The new Orca Class heavy-lift vessels being built at China's Wuhu Shipyard for the Jumbo-SAL-Alliance will be propelled by SCHOTTEL ControllablePropellers (SCP).The four-bladed controllable pitch propellers type SCP 129 will feature an input power of up to 8,810 kW and a propeller diameter of six meters.Jumbo-SAL-Alliance is a commercial joint venture between German shipping company SAL Heavy Lift and Netherlands-based Jumbo Shipping.
The Resurgence of the OSV Industry: From Trough to Triumph
The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival.The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners.
Transocean Awarded $222 Million Drillship Contract
Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding notification of award for Transocean's Dhirubhai Deepwater KG1, a sixth-generation drillship built in 2009 by South Korea's Samsung Heavy Industries.The 21-month program is expected to commence in the first quarter of 2024…
Samsung Heavy and MISC Develop Floating CO2 Storage Unit
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.
US Offshore Wind Sector Faces Key Test After Weak Gulf Auction
The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U.S. officials had touted the auction as a key milestone in Biden’s agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change.But with only a single bid of $5.6 million emerging for the rights to 102…
"You're gonna need a bigger crane..."
Offshore wind turbines are reaching new heights both literally (meters), and figuratively (megawatts). As the demand for larger turbines surges, so do the challenges faced by offshore installation contractors, which need to come up with bigger vessels, and, consequentially, bigger cranes for those vessels.When I took on the assignment to produce a piece focusing on heavy-lifting cranes and deck machinery for OE…
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
“The Money Maker”: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
