U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.
The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.Attacks in the Red Sea by Iran-aligned Houthi militants have disrupted a route vital to east-west trade, with prolonged rerouting of shipments
Shipping giant Maersk said one of its vessels, the Maersk Sentosa, reported being targeted by a flying object in the north of the Gulf of Aden early on Tuesday.Maersk told Reuters that no injuries to the crew or damage to the ship or cargo were reported.A spokesperson for the Copenhagen-based company said the ship was one of its U.S.-flagged vessels sailing for the subsidiary Maersk Line, Limited.
Dutch geodata firm Fugro on Tuesday said it started reducing its U.S. workforce and scaling back operations there after warning its sales and earnings would miss earlier forecasts because of volatile markets and lack of new U.S offshore wind projects.The company, which provides geotechnical, survey, subsea and geosciences services
Port of Virginia’s Portsmouth Marine Terminal has welcomed the arrival of the first substation to be installed at the Coastal Virginia Offshore Wind (CVOW) project.The CS Wind Offshore and Semco Maritime consortium was selected by Dominion Energy in 2021 to deliver three 880 MW offshore substations for the project, under development by Dominion Energy.
Estonia's armed forces have launched a naval operation to protect the Estlink 1 undersea power cable in the Baltic Sea in response to the damage this week of a parallel electricity line, Foreign Minister Margus Tsahkna said on Friday.Finland on Thursday seized a ship carrying Russian oil on suspicion the vessel caused an outage of the Estlink 2 undersea power cable which, like Estlink 1
Norway said on Monday it would provide 2.7 billion crowns ($242 million) to strengthen the Ukrainian navy and help it deter Russian naval forces in the Black Sea.Much of the funding will go towards innovation and autonomy under the Maritime Capability Coalition, which Norway and Britain launched last year to make Ukraine's navy more compatible with Western allies, the government said.
The first jacket foundation for the substation of the Coastal Virginia Offshore Wind (CVOW) project has departed from the Danish Port of Esbjerg and is on its way to the United States to be installed at the country’s largest offshore wind farm.The first of three offshore jacket foundations, standing 60-meter-tall and weighing approximately 2,445.
When asked why pilots(1) are so effective, most say, “They know the local waters.” While true, there are other important factors that make pilotage so effective.Compulsory pilotage is navigation safety regulation, and by far the most effective mechanism available to governments to protect the marine environment while facilitating maritime commerce(2).
A U.S.-Canadian anti-whaling activist has been detained in Greenland and faces possible extradition to Japan which has issued an international warrant for his arrest, the Arctic island's police said in a statement.Paul Watson, founder of the Sea Shepherd activist group and the Captain Paul Watson Foundation, was apprehended on Sunday when his ship docked at the port of Nuuk
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets
Cash buyer GMS has seen some positive movement in the sub-continent ship recycling market. “While we do not expect tonnage to come flowing into the markets anytime soon, nor do we expect ship recycling prices to go skywards within this time frame, the ship recycling industry did see some positive movements with improving indications breaking cover from India and even Bangladesh this week.