Maritime Industry Top News
Barcelona-Marseille Hydrogen Subsea Pipeline to Cost Around 2B Euros
An underwater pipeline to carry green hydrogen between Barcelona and Marseille will cost around 2 billion euros ($2.1 billion), according to preliminary estimates of the project agreed between Spain, Portugal and France, two sources told Reuters. It comes as an energy crisis caused by the war in Ukraine has accelerated European plans to bolster renewable energy as an alternative to Russian gas. Spain and Portugal aim to become clean hydrogen hubs and net energy exporters…
20 Oil Tankers Wait to Cross Istanbul's Bosphorus Strait
One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up.On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters…
Vietnam Offshore Vessel Saves 154 Rohingya from Sinking Boat, Transfers Them to Myanmar Navy
A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group…
Why Are Oil Tankers Stuck in Turkish Waters?
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.Millions of barrels of oil per day…
Major 'Firsts' for U.S. Offshore Wind Space
December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These events are key milestones in the journey to achieve the federal vision of 15 GW of floating wind in the USA by 2035. Several major challenges in developing…
Turkey Says to Continue Blocking Oil Tankers Without Proper Insurance
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships in its waters was a "routine procedure."A Turkish measure in force since the start of the month has caused shipping delays.
Baltic Dry Index Up as Capesizes Hit Six-week High
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Thursday, helped by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 12 points, or about 0.9%, to 1,385, its highest in four weeks.The capesize index gained 40 points, or 2.5%, to 1,675, its highest since Oct.
Global Port Services Supports Construction of Scotland's Largest Offshore Wind Farm
Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final turbine foundations for Seagreen arrive at Nigg to be prepared for installation at Seagreen offshore wind farm site…
Equinor Books Solstad's Battery-hybrid PSV Duo
Norwegian offshore vessel operator Solstad Offshore's Normand Naley and Sea Frost platform supply vessels have been awarded five-year contracts by Equinor in the UK.Both contracts, of an undisclosed value, will be in effect for five years, starting in January 2023. The contracts include options for further extensions.The Sea Frost, which has been on contract with Equinor since 2017, will be upgraded with a battery-hybrid system and shore power as part of the contract.
Over 8 GW of Floating Wind for California, But Who Will Build It?
As the dust settles from Wednesday's California floating wind auction, and developers begin to discuss their plans, energy industry intelligence firm Intelatus says development of the floating wind manufacturing and installation supply chain must speed up.Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites…
ThayerMahan Buys Sea-KIT USV
UK-based uncrewed surface vessel (USV) specialist SEA-KIT on Thursday announced its first USV export sale to ThayerMahan, an autonomousmaritime solutions firm based in Connecticut, USA.Sea-KIT said that the X-Class USV's combination of extended range, high sea state endurance and payload capacity attracted ThayerMahan initially to the UK-based USV firm."The fact that SEA-KIT’s vessels are already commercially proven across the globe also factored heavily in their decision-making process…
BCG, ABS Team Up to Decarbonize Maritime & Offshore Industries
Boston Consulting Group (BCG) a consultancy and advisor on decarbonization to the maritime industry, and maritime classification society American Bureau of Shipping (ABS), have signed a memorandum of understanding to combine their technical and consulting expertise in the maritime and offshore industries, providing joint support to clients’ decarbonization journeys.Peter Jameson, Partner and Global Lead for Climate and Sustainability in BCG’s Infrastructure…
New Zealand Navy Idles Ships as Labor Crisis Hits
Three of New Zealand’s nine naval ships are sitting idle in port as higher civilian salaries lure personnel out of the military, the country’s Defence Force said on Wednesday, even as tensions in the Pacific rise between China and the U.S. and its allies.The HMNZS Wellington, an offshore patrol vessel, headed back to New Zealand early from what was meant to be a three-month deployment in the Pacific and was taken out of operation in November because of shortages…
CMA CGM to Buy New York, New Jersey Terminals from Canada's GCT
CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade.The deal comes after French-based CMA CGM last month said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending…
US Says Iranian Military Boat Came Within 150 Yards of US Warships
The U.S. military said on Tuesday that an Islamic Revolutionary Guard Corps Navy boat came within 150 yards of American warships in the Strait of Hormuz, but the situation was de-escalated with the help of audible warnings and non-lethal use of lasers.In a statement, the U.S. military said the incident took place on Dec.
French Navy Intercepts Brazilian Vessel Carrying €150 Million Worth of Cocaine
A Brazilian vessel carrying more than 4.6 tonnes of cocaine worth over 150 million euros ($157.4 million) was intercepted last week by the French Navy off the coast of Sierra Leone, the Europol international police agency said on Wednesday.Europol said the vessel, which was en route to Europe, was intercepted on November 30, following joint intelligence work by France, Brazil, Britain and the United States."An investigation is underway to identify the criminal groups involved on either side of t
Alameda Fire Department Chooses Moose Boats to Build New Fire Boat
California boat builder Moose Boats announced it has been awarded a new contract from Alameda City Fire Department for the construction of an M2–38 Catamaran Fireboat.The M2 – 38 aluminum catamaran will be powered by twin Cummins QSB6.7L 480HP turbo diesel engines coupled to twin Hamilton HJX29 water-jets. Darley pumps will provide 5,000GPM of water through two 5” discharges, two 4” discharges, eight…
Jones Act Waiver Mess
Potential energy shortages in the U.S. northeast this winter have led to arguments that the U.S. Jones Act should be waived. These arguments rarely, however, grapple with what exactly it takes to waive the Jones Act. This is not blameworthy because the Jones Act waiver standard has been a mess. For decades the standard for granting a waiver was interpreted in way as to make it all but meaningless,…
First US Floating Wind Auction Closes
Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean Energy Management (BOEM) has concluded the auction date for five 33-year leases offshore California. Exhibit 1…
Update: European Firms Capture Most Leases in California Offshore Wind Auction
The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean.The auction began on Tuesday and ended Wednesday, the offshore wind industry's first chance to snag leases in waters off the U.S. West Coast. It was a milestone in the global expansion of floating wind…