Boskalis Raises Full-Year Core Profit Guidance
Dutch dredging and marine services firm Boskalis raised its full-year core profit forecast on Thursday, pointing to a well-filled order book and favorable market outlook in the short and medium-term.Boskalis, which also offers services and contracting for the oil and gas sector and offshore wind industry, now expects its 2022 earnings before interest, tax, depreciation and amortisation (EBITDA) to exceed the 462 million euros ($482.33 million) posted in 2021ā¦
Fincantieri Delivers Viking Mars Cruise Ship to Viking
Italian shipbuilder Fincantieri has delivered the ocean cruise ship Viking Mars to the shipowner Viking. The ship was delivered on Thursday at the shipyard in Ancona.The 227 meters long Viking Mars will be placed in the small cruise ship segment. Like its sister ships, the Viking Mars is about 47,800 tons, 465 cabins with accommodation for 930 passengers."Viking Marsā, the eighth of this class, has been designed by experienced naval architects and engineersā¦
Freight Rates, Ukraine War Boost Euronav's Q1 Core Profit
Belgian oil tanker and storage operator Euronav on Thursday reported a 30% increase in its quarterly core profit, helped by recovering freight rates and a positive impact from the war in Ukraine."The conflict in Ukraine has driven considerable dislocation in tanker market freight patterns as sanctions and so-called self-sanctioning by market participants has driven ton-mile growth," Chief Executiveā¦
Carolina Long Bay Offshore Wind Lease Auction Results Send Mixed Signals
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst the results can be seen as a positive indicator of the health of U.S. offshore wind market in the context of pre-2022 auction activity, the winning biddersā¦
Ocean Craft Marine to Create 'Maritime Innovation Lab'
Ocean Craft Marine, a rigid hull inflatable boat (RHIB) builder and maritime solution provider, will invest more than a quarter billion dollars over the next 10 years to establish the an independent maritime innovation laboratory, the company announced on Wednesday.The goal of the laboratory, called the Accelerator for Innovation in the Maritime Ecosystem (AIME), will be to enable ideation, collaborationā¦
Total, Duke Are Winners of Latest US Offshore Wind Auction
France energy giant TotalEnergies and U.S. power company Duke Energy Corp were the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement.Winning bids amounted to $315 million, with Duke paying $155 million and TotalEnergies paying $160 million.The auction total was far less than the $4.37 billion inā¦
New Sugar Barge Enters Service on US East Coast
A newly constructed barge has entered service for American Sugar Refining, Inc., a member of West Palm Beach-based ASR Group, and its parent companies ā Florida Crystals Corporation and Sugar Cane Growers Cooperative of Florida. The 450-foot-long Knot Refined departed from the Port of Palm Beach on Friday to deliver Palm Beach County-grown and -milled raw sugar to ASR Groupās Domino Sugar Refinery in New York.Built by North Kingstown, R.I.
Researchers Set to Explore Historic Shipwreck off North Carolina
NOAA scientists and partner researchers are set to explore the shipwreck of the USS Monitor, natural reefs and the maritime cultural landscape off the North Carolina coast, and starting May 15, the public will be able to follow along.The two week mission ā titled āValor in the Atlanticā ā will use state-of-the-art, remotely-piloted submersibles and other technologies to explore notable sites surrounding Americaās first National Marine Sanctuary.
Coast Guard Foundation 'Tribute' Event Planned for June 7 in Washington, DC
The Coast Guard Foundation announced that its annual Tribute to the U.S. Coast Guard in Washington, D.C., will take place on June 7,2022, at the historic National Building Museum in Washington.The event celebrates the Coast Guard and raises funds for Coast Guard Foundation programs that support service members and their families when and where they are most in need.āWe look forward to coming together with policymakersā¦
Pick your Poison: NOAA Study Finds Less Air Pollution brings more Hurricanes
A new study from NOAA finds that reducing air pollution in North America & Europe brings more hurricanes; increased pollution in Asia reduces tropical cyclonesA NOAA study published in the journal Science Advances about four decades of tropical cyclones reveals the surprising result that reducing particulate air pollution in Europe and North America has contributed to an increase in the number of tropicalā¦
US Coast Guard Cutter Pablo Valent Commissioned
The U.S. Coast Guard commissioned the 48th Sentinel-class fast response cutter (FRC) Pablo Valent (WPC 1148) into service at Coast Guard Sector St. Petersburg, Fla., Wednesday.Rear Adm. Brendan McPherson, commanding officer of the Coast Guard Seventh District, presided over the ceremony. Cecilia Guillot, Valentās great-niece, is the ship's sponsor.The cutterās namesake Pablo Valent was originally from Corpus Christi, Texas, and joined the United States Life-Saving Service in 1912.
Inmarsat Launches Fleet Xpress for Shipyards
Mobile satellite communications company Inmarsat aid it has made its Fleet Xpress maritime broadband service available to shipyards. Installed during new building, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel, the company said.āFleet Xpress for Shipyards is a game-changer for shipbuilders and owners alikeā¦
SAAM Towage Adds New Tug in Canada
SAAM Towage has acquired a new tug, the SAAM James Point, that arrived in Vancouver, Canada after completing its loading operation onto the cargo ship BBC Moonstone in Halong Bay, Vietnam.The Damen ASD 2312 design tug was acquired from the Dutch company Damen and built at its Song Cam shipyards in Vietnam. Measuring 23 meters long and 12 meters in beam, it boasts 70-ton bollard pull capacity, Kongsberg azimuth thrusters and two CAT 3512C IMO Tier III main enginesā¦
Q&A: Growing Blue Economy Opportunities for U.S. Exporters
U.S. Commercial Service previews September 20-22 export forum The growing demand for marine technologies is generating new export possibilities for U.S. companies. To help American businesses pursue these opportunities, the Department of Commerce is hosting Discover Global Markets: The Blue Economy, in Providence, R.I., Sept. 20-22, 2022. International Trade Specialist Maryanne Burke leads the Marine Technology Team of the International Trade Administration (ITA). Maryanne is part of ITAās U.S.
China Says It Warned US Warship in Taiwan Strait
China's military said on Wednesday that it had monitored and warned a U.S. warship that had sailed through the sensitive Taiwan Strait, a mission that happened shortly after China carried out drills near the island.The U.S. Navy's 7th Fleet said the guided-missile cruiser USS Port Royal conducted a "routine" Taiwan Strait transit through international waters "in accordance with international law" on Tuesdayā¦
Green Marine: Electrification is the Power behind āFuture-Proofingā
There's an āelectrification of the seasā happening for navies around the world.Whether it's to achieve greater military capabilities, operational economics and efficiencies or to be better stewards of the environment.There's a trend moving from direct mechanical drives towards more flexible electrical propulsion systems. Ships can still have the same propellers and engines, but they now have a much more flexible power system architecture that benefits designā¦
Concordia Maritime Sells Suezmax Tanker Stena Supreme
Concordia Maritime announced on Wednesday it has entered into an agreement for the sale of the 158,000 dwt Suezmax tanker Stena Supreme. Delivery is expected inā¦
Autonomous Containership Trialed in Japan
An autonomous containership was recently trialed in the congested waters off Japan's east coast, marking another stepping stone on the path toward full-scale commercial adoption of autonomous vessel technologies.The 749-gross-ton vessel Suzaku, powered by artificial intelligence (AI) and deep learning technologies from Israel-based Orca AI, completed 40 hours of navigation with full autonomy beingā¦
Renewable Energy: First Floating Tidal Power Delivered to Nova Scotia Grid
Sustainable Marine said it has successfully harnessed the tidal currents in Canadaās Bay of Fundy, delivering the first floating in-stream tidal power to Nova Scotiaās grid.Nova Scotia has allocated circa 30MW of capacity via demonstration permits and berths at FORCE (Fundy Ocean Research Center for Energy) for developers to demonstrate their energy generation prowess. āAchieving āfirst powerā to the grid from our new platform in Grand Passage signals a real inflection point for our businessā¦
Brennan Acquires Harbor Offshore
Specialty construction firm J.F. Brennan Company announced it has acquired California-based Harbor Offshore, Inc (HOI), a specialist in commercial diving, marine construction, maritime security barriers and submarine cable installation.The acquisition bring submarine cabling and maritime security barrier expertise to Brennan, and it expands Brennan's operations geographically, the company said. With the addition of licensing along the West Coastā¦
