The UK Marine Accident Investigation Branch (MAIB) has released its interim report on the foundering of the Bayesian, saying the yacht may have been vulnerable to high winds and that such winds may have been evident at the time of the accident.On 19 August 2024, the UK registered large sailing yacht Bayesian foundered in high winds 0.5 nautical miles south-east of the port of Porticello, Italy.
St. Johns Ship Building, a Palatka, Florida-based Jones Act-compliant shipyard owned by Americraft Marine, announced the delivery of the WINDEA Reliance, the third and final vessel in a series of 30-meter aluminum Crew Transfer Vessels (CTVs) built for WINDEA CTV LLC, a partnership between MidOcean Wind and Hornblower Wind.
Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel operating revenues of $90.9 million for the fourth quarter, a slight increase from $90.5 million in the third quarter. Net income surged to $45.2 million, significantly up from $17.
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.
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.
A fleet of Jones Act compliant crew transfer vessels is growing in stride with the United States’ burgeoning offshore wind industry.When the United Sates’ first purpose-built crew transfer vessel (CTV), Atlantic Pioneer, was delivered in 2016, the country’s offshore wind industry was just getting off the ground.
Weak pricing, damp demand, and dithered sentiments characterized another lackluster week in the ship recycling industry on the Indian sub-continent, reports cash buyer GMS.Sales ground to a virtual halt this week with activity registering at some of the lowest levels witnessed for nearly a decade.
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.
The San Antonio-class amphibious transport dock USS Richard M. McCool, Jr. (LPD 29) commissioned aboard Naval Air Station Pensacola, Florida, on September 7.San Antonio-class amphibious transport dock ships are warships that embark, transport and land elements of a landing force for a variety of expeditionary warfare missions.
Esgian provides an update on plans for Petronas to return to the deep waters off Mexico in its Week 35 Rig Analytics Market Roundup.Report SummaryContractsMalaysia's Velesto said Monday it has secured a Letter of Award for its 350-ft jackup Naga 3 from Vietnam-based Thang Long Joint Operating Company (TLJOC).
With its two latest vessel deliveries, WINDEA CTV has completed its inaugural fleet of Jones Act qualified crew transfer vessels (CTV) to service the growing U.S. offshore wind industry.The four brand-new Incat Crowther-designed hybrid-ready CTVs—including the previously delivered WINDEA Courageous and Intrepid