New York Announces Third Offshore Wind Solicitation
New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry.Administered by the New York State Energy Research and Development Authority, the first phase includes $500 million investment in offshore wind ports, manufacturing, and supply chain infrastructure.Release of the third offshore wind solicitation is the next step towards achieving New Y
Seafarer Shortage Stands in Way of Ukraine Grain Corridor
Finding enough seafarers willing to sail ships stuck inside Ukraine's ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.Russia and Ukraine last week signed a deal to restart grain and fertilizer exports that have been blocked in the Black Sea and on Wednesday Turkey unveiled a center to coordinate the resumption of shipments.But some…
US' First Modern Laker Begins Maiden Voyage
The newly built Mark W. Barker, the United States' first new Great Lakes bulk carrier in nearly 40 years, has embarked on its maiden voyage from Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis.“This is a monumental day for our company and the U.S. flag fleet as our much-anticipated freighter departs on her first voyage in what will be a long life of service on the Great Lakes,” said Mark W. Barker…
Injured Crewmember Medevaced in the North Pacific
An injured crewmember was airlifted Tuesday from a Hong Kong- flagged bulk carrier in the north Pacific Ocean, approximately 230 nautical miles southwest of Dutch Harbor…
Financing and Bankability of Offshore Wind Vessels
In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind sector and, while the nature of the financing available will depend to a large extent on the employment of the vessel…
Great Lakes Announces New Leadership Appointments
Houston-based dredging contractor Great Lakes Dredge & Dock Corporation said it has appointed David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G. Gunsten, P.E. to the position of SVP, Project Services & Fleet Engineering.Johanson and Gunsten will assume their new roles effective August 1, 2022. Their positions will fill the roles currently held by the Company’s Chief Operating Officer, David E. Simonelli, who is retiring on September 16, 2022.
Carnival's AIDA Cruises Makes Biofuels Foray
German cruise operator AIDA Cruises, a wholly owned subsidiary of Carnival Corporation, has for the first time started to use biofuels in regular ship operations as part of its CO2 emissions reduction efforts.On July 21, 2022, during its layover in Rotterdam, AIDAprima became the first larger scale cruise ship to be bunkered with a blend of marine biofuel from Dutch supplier GoodFuels made from 100% sustainable raw materials such as waste cooking oil, and marine gas oil (MGO).
Sea Shepherd Expands Its Fleet
Sea Shepherd Conservation Society announced it has acquired the MV Sharkwater, a storied vessel with a long history of conservation. SSCS took possession of the ship 12 miles off-shore of San Diego, on July 8, 2022.Built in 1997, the 48 x 7.4 meter ship will be the largest in the SSCS fleet, weighing in at 287 gross tons. Throughout August and September it will be refitted for Sea Shepherd’s missions…
Emergency Dredging Planned for the Murderkill River
An emergency dredging project is set to begin and be completed by the end of August to restore navigability in the Murderkill River, the Delaware Department of Natural Resources and Environmental Control announced on Tuesday. Permitted by and with modification approvals from the U.S. Army Corps of Engineers and DNREC regulators, the project calls for removing approximately 52,000 cubic yards of sediment from the river’s navigation channel.
Master Boat Builders to Construct New Tug for Suderman & Young
Master Boat Builders, Inc. on Wednesday announced it has executed a contract to build a new tugboat in its Coden, Ala., yard for Suderman & Young Towing Company of Houston, Texas. Master Boat Builders currently has three tugs under construction of a different design for Suderman & Young.Naval architect and marine engineering firm, Robert Allan Ltd. designed the tugboat, which will meet U.S. Coast Guard…
Fincantieri to Cut Debt, Focus on Core Business After H1 Loss
Italian shipbuilder Fincantieri on Wednesday vowed to lower its debt in the coming months by delivering new cruise ships, after reporting a first half net loss of 234 million euros ($237 million).Chief Executive Pierroberto Folgiero, who took over earlier this year from long-serving predecessor Giuseppe Bono, said the company would focus on its core business in order to reap benefits from expected growth in defense spending and a post-pandemic recovery in the cruise market.Intesa Sanpaolo analys
Saipem Confirms Targets After Return to Core Profit
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1.4 billion euros of a life-saving 2 billion euro cash call, leaving the underwriting banks to mop up the remaining new shares.
Ukraine Working to Prep Black Sea Ports for Grain Exports
Ukraine's navy confirmed on Wednesday that work had started at three Ukrainian Black Sea ports aimed at preparing for the resumption of grain exports."In connection with the signing of the agreement on the unblocking (by Russia) of Ukrainian ports for the export of grain, work has been resumed in the ports of Odesa, Chornomorsk and Pivdeny," the navy said on Facebook."The departure and arrival of ships to seaports will be carried out by forming a caravan that will accompany the lead ship."(Reute
Kelleher to Succeed Tivnan as Ardmore Shipping CFO
Tanker owner/operator Ardmore Shipping Corporation on Wednesday announced the planned departure of its current chief financial officer Paul Tivnan and appointment of new CFO Bart Kelleher…
Floating Oil Storage Stacks up in the Singapore Strait
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise in floating storage supply along the strategic waterway is an indicator that more supplies are available to Asia, which will help ease tight markets. But, at the same time…
Attention Turns to Extra Large Unmanned Underwater Vessels
In August, 2021, after years of delays, cost overruns, and rising tensions, the Australian government canceled a A$90 billion order with France’s Naval Group for 12 conventionally powered submarines intended to replace the Royal Australian Navy (RAN)’s aging fleet of six Collins-class attack subs. Overnight, the future of the RAN’s undersea warfare capability was cast into uncertainty. The very next month…
From Surface to Subsea to Space: U.S. Navy Shipbuilding Outlook 2022
As a rudderless U.S. Navy debates maritime strategy, fleet futures and platform performance, America’s naval shipbuilding industry can look forward to another year of relative stasis.Barring a major geopolitical incident or unexpected maritime provocation, government shipbuilding isn’t going to change course. With Admiral Michael Gilday approaching the final “lame duck” year of his four-year term as Chief of Naval Operations and the 2024 election season looming…
Tech File: Smartgyro Stabilization for Diverse Marine’s Hydronaut Vessels
A new 18-m craft for the Nauticus robotic navy fleet will be fitted with Smartgyro’s SG80 units for roll reduction in manned and unmanned operations.Golden Arrow Marine is supplying Smartgyro SG80 gyroscopic stabilization units to Cowes boatbuilder Diverse Marine for installation on its new 18-m Hydronaut vessels for Houston-based Nauticus Robotics.The Smartgyro SG80 is innovative in that it can be serviced…
IMI, Hyundai Heavy Industries Expanding Shipbuilding Partnership
International Maritime Industries (IMI), the largest shipyard in the MENA region, has expanded its partnership with Hyundai Heavy Industries (HHI) through a technical service agreement to further enhance its shipbuilding capabilities.Under the agreement, HHI will provide technical assistance and consulting services in Very Large Crude Oil Carrier (VLCC) engineering to IMI, reflecting its commitment…
Greek High Court Rules to Return Confiscated Oil Cargo
An Iranian-flagged tanker anchored off Piraeus port is expected this week to retrieve part of its cargo which was confiscated by the United States and sail back to Iran, following a Greek top court ruling, government sources said on Wednesday. The case has strained relations between Athens and Tehran amid growing tensions between Iran and the United States.The removal of oil from the Lana, formerly Pegas…
