“30 by 30” is the rallying cry for all concerned with the burgeoning U.S. offshore wind business. In Spring 2021, the Secretaries of Energy, Interior and Commerce resolved to deploy 30 gigawatts (GW) of electricity generated from offshore turbines by 2030. Consultants McKinsey, in a recent article frame the value proposition for this clean fuel source
Thirty-seven people have been rescued from a migrant boat with 45 people on board that sank south of Turkey, and Turkish naval ships and an aircraft are continuing search and rescue operations, the defense ministry said on Friday.The ministry said in a statement that it had received information on Thursday evening that the boat was sinking
Seattle-headquartered Saltchuk Holdings informed the U.S. Securities and Exchange Commission (SEC) that it has proposed to buy the Overseas Shipholding Group (OSG) shares it doesn't already own for $3 each, lifting shares of the Tampa, Fla.-based marine transportation company on Friday.As of June 29, Saltchuk beneficially owned 15.2 million (17.
Foss Maritime’s newest vessel will be the first U.S.-flag harbor tug to integrate autonomous systems in real-world commercial operations.Launched on April 29 and scheduled for delivery in May 2021, the newly built 90-ton bollard pull Rachael Allen—the fourth in a series of ASD-90 Z-drive tractor tugs being built at Nichols Brothers Boat Builders, in Freeland, Wash.
The Maritime and Port Authority of Singapore (MPA) announced two initiatives on Wednesday to reduce the shipping industry's greenhouse gas emissions, including a S$120 million ($90 million) fund for a decarbonization center."Maritime decarbonization is a global challenge requiring a collective responsibility from all stakeholders involved," MPA Chief Executive Quah Ley Hoon said in a statement.
A group of prominent shipping nations and organizations are calling for a $5 billion research fund to help launch zero-emissions vessels by 2030, in a move aiming to accelerate the industry's efforts to decarbonize maritime transport.A proposal by governments including Georgia, Greece, Japan, Liberia, Malta, Nigeria, Singapore
Danish offshore support vessel operator Maersk Supply Service will continue providing marine support to The Ocean Cleanup, a nonprofit engineering and environmental organization working to rid oceans of plastic pollution.The Ocean Cleanup’s mission is to develop advanced technologies to rid the world’s oceans of plastic.
Three people were rescued from a 71-year-old tugboat that sank south of Puerto Rico on Thursday.The U.S. Coast Guard said its watchstanders at Sector San Juan fielded a mayday call from the crew of the 112-foot U.S.-flagged tug Proassist III, stating they were taking on water approximately two miles south of Yabucoa Harbor.
Humanity will forever remember 2020 as the “Year of COVID-19” fraught with the pains of a pandemic and its impacts on our physical and mental health. Yet, as a navigation representative along the Mississippi River Ship Channel (MRSC), I will always be able to see the bright side. In this case, that is life outside of COVID.
Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and certain of its domestic and international subsidiaries had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the
Scott Theriot has been named president and CEO of Southwest Shipyard L.P., effective August 12, 2020.Theriot takes over from Read Boles who has served as interim president and CEO since February, following the passing of the shipyard's previous president and CEO Martin DeCamp.Boles has returned to his advisory role on the company's board of directors.
Danish offshore wind turbine transportation and installation company Swire Blue Ocean (SBO) is getting ready for listing on the Oslo Stock Exchange, to position the company for the next phase of its growth.Also, Swire Blue Ocean, as a subsidiary of Swire Pacific Offshore, will be rebranded and renamed Cadeler.