Inaccurate stability calculations caused the capsizing of vehicle carrier Golden Ray that resulted in $200 million worth of damages, the National Transportation Safety Board (NTSB) said Tuesday.The Marine Accident Report details the NTSB’s investigation of the September 8, 2019, capsizing of the roll-on/roll-off vehicle carrier Golden Ray as it transited outbound through St.
Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2.
Offshore wind installation company Cadeler has ordered two new X-class wind turbine installation vessels from China's COSCO SHIPPING Heavy Industry.The total order amounts to $651 million, so $325.5 million per vessel. According to Cadeler, the new vessels will, upon completion, be the largest in the industry. They will be built in COSCO's shipyard in Qidong, China.
Global commodities trader Trafigura and Norway's Yara said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel.Yara will supply Trafigura with clean ammonia and together the two firms will jointly conduct research and develop marine fuel infrastructure and market opportunities for both "green" and "blue"
The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S.
Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. Keppel is expected to deliver the FPSO in late 2024.
Australian oil and gas company Santos has signed a contract with FPSO supplier BW Offshore for the delivery of an FPSO for the Barossa gas field, located 300 kilometers offshore Darwin in Australia. The contract is subject to Final Investment Decision (FID) by Santos and its partners, with the FID expected in the coming weeks.
Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business.The company will be restructured into three parts
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a stake of about 20% in new shares within the year, the shipbuilder said in a statement.
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month.The company said in a statement it had notified the U.S.
The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month.Vineyard Wind will resubmit its construction plan to the Bureau of Ocean Energy Management "very very soon
The world’s first Digital Smart Ship (DSS)On October 28, 2020, NYK took delivery of Sakura Leader, a pure car and truck carrier (PCTC) capable of navigating oceans with only LNG as the ship’s main fuel. This delivery marks a step toward achieving NYK’s environment management target, which is to reduce CO2 emissions per ton-kilometer of transport by 50% by 2050.