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Naval Fleets power Vestdavit's record 2024 sales
Vestdavit has achieved a new sales record for the third successive year as its order intake hit an all-time high of Nkr380m in 2024, fueled by increased davit orders from its core naval market as well as the offshore energy sector.âIt has been another fantastic year. The significant orders boost was achieved despite a transition in our Sales & Marketing department that saw us start the year with an almost entirely new sales teamâŚ
AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola
AIRCAT Vessels, in collaboration with ESNA, delivered the first three AIRCAT 35 Crewliners. Designed to meet the demanding needs of the oil and gas sector, the 35-m vessels, based on SES (Surface Effect Ship) technology, achieve speeds of more than 50 knots, even in challenging maritime conditions. Each vessel has a capacity of 80 passengers with a cabin designed to business class standards. In additionâŚ
Huisman to Deliver Crane to Asia-Pacific Offshore Support Vessels Owner
Huisman has signed a contract with Zhenjiang Jiangsu Shipyard for the delivery of a 100 mt Pedestal Mounted Crane to Eastern Navigation, a provider of maritime support fleets in the Asian-Pacific offshore energy industry.This marks the fifth Pedestal Mounted Crane Huisman will supply for Eastern Navigation's fleet.It follows the delivery of 300 mt and 100 mt cranes over several years, as well as the addition of another 100 mt crane currently under constructionâŚ
Schottel's SRP-D Efficiency Confirmed
The increased performance of the SCHOTTEL RudderPropeller Dynamic SRP-D has once again been confirmed by external sources. At the request of the Dutch Damen Group, the Maritime Research Institute Netherlands (MARIN) carried out extensive research to demonstrate the added value of the SRP-D for Commissioning Service Operation Vessels (CSOV).While an earlier study had already demonstrated a reduced DP footprint and fuel savingsâŚ
Solstad Plans Oslo Stock Exchange Listing
Norwegian vessel owner and services provider Solstad Maritime Holding has outlined plans to apply for a listing of its shares on Euronext Oslo Børs during the second quarter of 2025.The listing is in line with the companyâs previously expressed intention to list within 12 months after completion of its $66 million (NOK 750 million) equity raise in June 2024, and supported by its three main shareholdersâŚ
Sanmar Starts 2025 with Order from Ultratug Mexico
Sanmar has signed its first contract of 2025, an order for one of its BoÄaçay Series tugboats to Ultratug Mexico, which operates at Lazaro Cardenas Port on Mexicoâs Pacific coast.Ultratug, headquartered in Santiago, Chile, is one of the leading operators in the harbor towage, salvage, and offshore industry in the Americas, with over 55 years of experience.Ultratug Mexico has been operating under aâŚ
Rystad Energy: No Surprises on Trumpâs Day 1
Donald Trumpâs first day as president saw him take action on the energy industry, but there were no surprises, says Rystad Energyâs Head of New Energies Research, Artem Abramov.âIn line with his election promises, Trump declared a national energy emergency and set out a general policy direction aimed at accelerating domestic oil and gas supply, immediately revoking former President Joe Bidenâs pause on new LNG permitting.âIn terms of the impact on low-carbon energy sectorsâŚ
RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily withdraw all areas on the Outer Continental Shelf (OCS) from consideration for new or renewed wind energy leasing.This important move recognizes the vital role our communities, industries, and ecosystems play in the broader national interest. The decision is a much-needed pauseâŚ
ABS grants AiP for HD KSOE's Hydrogen Vacuum Insulation System
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage.The vacuum insulation system from HD KSOE is designed to reduce the time required to create a vacuum in large tanks, essential for transportation. The new technology allows maintaining a vacuum state at â253â, which KSOE says enablesâŚ
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) of projects by 2030, up from 42 megawatts at the end of 2023, prompting many EuropeanâŚ
OMSA's Aaron Smith Reflects on Offshore Wind Development Pause
The Offshore Marine Service Association (OMSA) views President Trumpâs Presidential Memorandum to pause offshore wind development projects as a critical opportunity to reassess the industryâs direction.While offshore wind offers tremendous potential for economic growth and job creation in the U.S., OMSA agrees that over-reliance on foreign renewable energy companies, foreign vessels, and foreign marinersâŚ
Box Sector bullish after stellar 2024, but risks abound in 2025
The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nauticalâs â2024 End- Of-Year-Reportâ.The report states that the bullish market conditions for the container sector are reflected in the TC rates as well as the 76% y-o-y increase in new ship orders which witnessed 321 deals including optionsâŚ
DeepOcean Extends Charters for Three Subsea Construction Vessels
Ocean services provider DeepOcean has cemented its subsea offering with the extension of its charter agreements with Østensjø Rederi for three vessels.DeepOceanâs most advanced subsea vessel, Edda Freya, will remain part of the fleet through 2026, with additional options available.DeepOcean and Østensjø Rederi have agreed to extend the existing contracts for Edda Freya and Edda Flora through 2026, and Edda Fauna through 2027âŚ
Indian Register of Shipping Strengthens Naval Sector Role
Indian Register of Shipping (IRS) is participating in major new construction projects for the Indian Navy and Indian Coast Guard.Recently, steel-cutting for vessels classified by the Indian Register of Shipping include the second âFleet Support Shipâ at L&T Shipbuilding, the first âNext Generation Missile Vesselâ at Cochin Shipyard, the second âNext Generation Coast Guard Offshore Patrol Vesselâ and first Coast Guard âFast Patrol Vesselsâ at Mazagon Dock ShipbuildersâŚ
NOIA Ready to Drive Offshore Energy with Trump Administration
National Ocean Industries Association President Erik Milito issued the following statement regarding the inauguration of President Donald Trump:"American offshore energy stands as a cornerstone of our nation's greatness. We are committed to working alongside the new administration and Congress to advance all facets of American offshore energy. Our focus is clear: achieving American energy dominanceâŚ
AIP: KSOE Earns Nod for Liquefied Hydrogen Tank Tech
DNV awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2).Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realize its promise for decarbonizing industries such as transportationâŚ
Qatar Bolsters Safety of Offshore Assets with Vissimâs Monitoring System
Norwegian technology company Vissim has been hired to deliver a Centralized Vessel Monitoring and Alerting System (CVMAS) to Qatar.The system is designed to enhance safety and security for offshore assets, improve efficiency in vessel logistics, and contribute towards reduced COâ emissions and increased maritime situational awareness.CVMAS will provide comprehensive monitoring and alerting capabilitiesâŚ
APA Applauds Withdrawal of NARW Speed Restriction Regulations
On January 16, 2025, the National Marine Fisheries Service (NMFS) formally withdrew its August 1, 2022, Notice of Proposed Rulemaking (NPRM) that sought amendments to the North Atlantic Right Whale Vessel Strike Reduction Rule that would have had the unintended consequences of endangering pilots, weakening navigation safety, and damaging the maritime supply chain on the East Coast. While the American Pilotsâ Association (APA) announced that it welcomes the proposalâs withdrawalâŚ
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 Interiorâs December 2024 Record of Decision. âWe are proud to announce BOEMâs final approval of the SouthCoast Wind project, the nationâs eleventh commercial-scale offshore wind energy projectâŚ
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 Portâs 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 emissionsâŚ
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
âThe Money Makerâ: 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
LR Helps Offshore Operators Navigate Tough Technical Hurdles
BSEE Gears Up for Offshore Wind Oversight
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
