The advent of U.S. offshore wind also brings the need for the quality and quantity of built-for-purpose vessels needed to sustain its momentum.As the long-awaited advent of offshore wind finally arrives on this side of the big pond, one question which continues to dominate the conversation is where (and when) the fit-for-purpose tonnage necessary for this great leap forward will come from.
A sunken derrick barge has been raised from the Gulf of Mexico seafloor following several months of planning, engineering, on-site preparations and the heaviest salvage lift ever accomplished in the Americas, said marine services and wreck removal specialists Resolve Salvage and Fire Americas.
Norwegian Cruise Line has taken delivery of the 168,028-gross-ton cruise ship Norwegian Bliss from shipbuilder Meyer Werft during a ceremony in Bremerhaven, Germany, marking the conclusion of an 18-month building period.Norwegian Bliss is the third vessel in the line’s Breakaway Plus class and the first cruise ship specifically designed for Alaska cruising.
With $2.9 billion available, tug and ferry engine upgrades are best bet for NOx reductions Imagine a settlement over falsifying emission levels in another transportation sector dropping money onto your deck. Who knew? But it’s true. The $2.9 billion settlement fund Volkswagen agreed to capitalize for distribution across all 50 states, tribal lands and Puerto Rico, as a result of “dieselgate
Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens, London and New York offices advised Citigroup and certain other lenders (including China Exim Bank and Eurobank) on new money
GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy scheduled to commence in 2018. The charterer has options to extend the charter for up to two consecutive periods at escalating rates.
Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the U.S. Gulf of Mexico, around one year ahead of schedule.Production from the subsea deep water development, which will reach 40,000 barrels of oil equivalent per day, comes after Shell reduced its costs by around 30 percent to allow it to generate profit at less than $30 a barrel, the company said.
The Grande New York, part of the new fleet of the Grimaldi Group, was christened in the Port of NY-NJ at Port Newark Auto Marine Terminal (FAPS). Godmother was Amanda Matilda Cuomo Cole, granddaughter of former late NY Governor, Mario Cuomo and niece of current NY Governor Andrew Cuomo. Father Peter Haldás of St.
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG. GasLog Partners and GasLog announced that they have approved entering into agreement: "For the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters GasLog Gibraltar.
GE’s Marine Solutions was chosen by ASMAR Shipyards to provide the complete scope of an integrated marine propulsion system for the Chilean Navy’s new Antarctic icebreaking Polar Class vessel. It will replace the retired icebreaker to continue the navy’s Antarctic expedition for search and rescue missions, scientific research
The British Ports Association has consistently supported the Government’s ambition for frictionless trade with the EU post-Brexit, said Mark Simmonds, Policy Manager at the British Ports Association. Commenting on recent developments on the UK’s future border arrangements, Mark said: "We have made the pragmatic case for retaining the benefits that the Customs Union and the Single Market