Dominion Sees Virginia Offshore Wind Farm Complete in Late 2026
U.S. energy company Dominion Energy said on Friday that its roughly $10 billion Coastal Virginia Offshore Wind project was on budget and on track for completion in late 2026.The company said in its second quarter earnings presentation that it expected to get a Record of Decision from the U.S. Bureau of Ocean Management (BOEM) in the second half of 2023. The Record of Decision is a step in the process before construction can start.The roughly 2…
Lebanon Marchers Mourn Port Blast Victims Three Years On, Angry at Stalled Probe
Thousands of mourners and protesters marched in the Lebanese capital on Friday to remember those killed in a huge port blast three years ago, as religious leaders and rights groups decried the lack of accountability amid a stalled investigation.The explosion killed at least 220 people and wounded thousands when hundreds of tonnes of ammonium nitrate stored in a warehouse detonated just after 6 p.m. (1600 GMT) on Aug.
Two US Navy Sailors Arrested for Sharing Military Secrets with China
Two U.S. Navy sailors have been arrested on charges of handing over sensitive national security material to China, U.S. officials said Thursday.Petty Officer Wenheng Zhao, 26, was charged with conspiracy and bribetaking in connection with taking nearly $15,000 in exchange for photographs and videos of sensitive U.S. military information, the officials said. U.S. Navy sailor, Jinchao Wei, whose age was not disclosed…
Pasha's New LNG-fueled Containership Makes Maiden Call in Honolulu
Pasha Hawai‘i’s second liquefied natural gas-powered containership made its inaugural arrival at Honolulu Harbor’s Pier 51, completing the construction and delivery of the company’s ‘Ohana Class vessels.The vessel, Janet Marie, will serve the Hawai‘i/Mainland trade lane, joining the company’s first ‘Ohana Class ship, George III, which began service in August 2022. The new $225-plus million ship—built at Keppel AmFELS in Brownsville…
Norwegian Firm Agrees to Buy Five Vroon Offshore Vessels for $94M
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has entered into a binding Memorandum of Agreement for the acquisition of four platform…
Baltic Dry Index Logs Second Straight Weekly Gain
The Baltic Exchange's main sea freight index rose for the second straight week on Friday, led by strong demand in the panamax vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 8 points, or 0.7%, to 1,136.The main index was up 2.3% for the week, its second straight weekly gain.The panamax index rose 21 points, or 1.9%, to 1,133.The index jumped 16.2% in its best week since March 3.Average daily earnin
Concordia Maritime Sells Two Product Tankers
Concordia Maritime on Friday announced it has entered into an agreement to sell two of its product tankers. The vessels are the 65,200 dwt Stena Progress and the 65,200 dwt Stena Premium, built in 2009 and 2011 respectively.After repayment of loans and liabilities to related parties, the transaction generates a liquidity supplement of approx. SEK 100 million (approximately US$9.5 million), Concordia Maritime said.
VIDEO: Coast Guard Medevacs 71-Year-Old from Offshore Vessel
The U.S. Coast Guard on Thursday medevaced a 71-year-old man from an offshore supply vessel around 100 miles southwest of Port Fourchon, Louisiana.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:51 a.m. from the vessel's captain requesting assistance to medevac a passenger experiencing low blood pressure and dizziness.Sector New Orleans watchstanders then coordinated…
From Telford Offshore to KNOT Offshore: Derek Lowe Named New CEO and CFO
Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11…
Japanese Ship Owner to Investigate Cause of Car Carrier Fire
Japanese ship leasing company Shoei Kisen Kaisha, the owner of car carrier Fremantle Highway, which caught fire off the Dutch coast last week, said on Friday it will investigate the cause of the incident in cooperation with relevant parties.The blaze broke out on July 26, killing one crew member and injured seven who jumped overboard to escape the flames. Local officials said the carrier arrived at the northern Dutch port of Eemshaven for salvage on Thursday.
Maersk Warns of Slower Demand for Container Shipping
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories.The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. It had previously forecast a decline of no more than 2.5%.Maersk transports goods for retailers and consumer companies such as Walmart…
Russian Warship Damaged in Ukrainian Attack on Novorossiysk Naval Base
A Russian warship was seriously damaged in an overnight Ukrainian naval drone attack on Russia's Black Sea navy base at Novorossiysk, two sources said on Friday, after Russia said it had fended off the attack.The civilian port, which handles 2% of the world's oil supply and also exports grain, temporarily halted all ship movement before resuming normal operations, according to the Caspian Pipeline Consortium which operates an oil terminal there.
