A Hong Kong registered tanker assisted in the rescue of two men adrift in a sailboat off the U.S. East Coast.On Sunday, watchstanders at the U.S. Coast Guard Fifth District command center were notified of an overdue sailing vessel, Atrevida II, which was sailing from Cape May, N.J. to Marathon, Fla.
As 2022 moves into its final months, low water levels and drought form the basis of the news impacting inland waterways operators and barge companies. In the first week of October, numerous barges were reported grounded in the Mississippi River, particularly south of Baton Rouge. This has consequences: barge rates jumped 218% in St. Louis, compared to 2021.
Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come.The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing containerships to record highs.
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035.By 2035, we will see offshore wind turbines operating in the Atlantic and the Pacific and probably the Gulf of Mexico.
Copenhagen Infrastructure Partners (CIP) has proposed to construct an artificial island dedicated to large-scale production of green hydrogen from offshore wind – called "BrintØ" - in the Danish part of the North Sea. According to CIP, one of the world’s largest dedicated fund managers within greenfield renewable energy investments
“Until every employee, and every midshipman, and cadet, and every trainee trusts the system and until all allegations are handled properly, abuse will continue to occur, it will continue to go unreported, and people will continue to suffer alone—and that is simply intolerable,” said Lucinda Lessley, Acting Maritime Administrator
IMA/WER has just completed its Annual Review and Five-Year Forecast of Orders for Floating Production Systems. The report:•provides a detailed look back at developments in the deepwater sector over the past year,•assesses 12 underlying market drivers that will determine the pace of production floater orders over the next five years
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.
The United States Coast Guard issued the following Marine Safety Alert rergarding Dynamic Positioning Systems.Dynamic positioning (DP) systems1 meeting equipment class 2 (DP2) and equipment class 3 (DP3) have control features and redundancies that are often regarded by the crews of vessels using these systems as infallible.
Peter Sand, the chief analyst of Xeneta discuss recent trends in the container shipping market, from plunging spot rates to blank sailings.The container shipping market has enjoyed a prolonged historic, and somewhat unexpected bull run, as COVID-induced consumer spending broadly switched from travel and entertainment to manufac-tured goods.
U.S. shipbuilder Philly Shipyard on Monday held a steel cutting ceremony for the third of five new National Security Multi-Mission Vessels (NSMV). The new ship, destined for the Maine Maritime Academy, is scheduled to be delivered in 2024.The U.S. Department of Transportation Maritime Administration’s (MARAD) NSMV program is designed to provide a purpose-built
The contact between a tow and a section of the Melvin Price Locks and Dam in Alton, Ill., was caused by the pilot of the towing vessel not effectively compensating for a strong outdraft and wind, the National Transportation Safety Board (NTSB) said Thursday.On March 19, 2021, the 177-foot-long towing vessel Kevin Michael was pushing 15 barges down the Mississippi River when the tow struck the