Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
President James Earl "Jimmy" Carter passed away on December 29, 2024, at the age of 100.President Carter graduated from the U.S. Naval Academy in 1946 with distinction, after which he was assigned to USS Wyoming (E-AG 17) as an ensign. After completing two years of surface ship duty, Carter applied for submarine duty.
There’s plenty to go around for everyone, no matter it comes from.I will admit that attending the 2024 Workboat Show in the Big Easy just ten days after settling into the MarineNews Editor’s chair (for this, the second time around) had my full attention. The event typically evokes the specter of drinking from the proverbial fire hose in routine times
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.The volume of twenty-foot equivalent (TEU) containers moved by its 292 ships rose to 9.3 million metric tons in the nine months from January to September, up 5% from 8.
A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer.
Danish wind farm developer Orsted's Revolution Wind joint venture has filed a lawsuit against the administration of President Donald Trump over the U.S. government's decision to block construction of the project off Rhode Island, a court filing showed on Thursday.The U.S. Bureau of Ocean Energy Management (BOEM) gave Revolution Wind a stop-work order last month
Fincantieri has sued an Owens Corning company for fraud, claiming it was sold faulty fire-retardant panels.Two ships subsequently needed repairs that delayed their launch and another nine ships are affected, both cruise and military vessels.The suit was filed in Ohio last month, and Fincantieri is asking for over $100 million in damages and citing the reputational harm it caused due to media
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.EPISODE 8 – Guest: Vince Capone – Hunting Shipwrecks with Side Scan Sonar“The robot is navigating underwater and runs a search pattern, collecting the data.
Subsea Global Solutions, an underwater maintenance and repair services specialist, has named Eric Smith as Chief Commercial Officer (CCO).With a career spanning leadership roles in maritime operations, commercial management, and strategic business development, Smith brings a wealth of industry expertise to the Subsea Global Solutions team.
The Offshore Marine Service Association (OMSA) views President Trump’s Presidential Memorandum to pause offshore wind development projects as a critical opportunity to reassess the industry’s direction.While offshore wind offers tremendous potential for economic growth and job creation in the U.S.
Anyone who knows Aaron Smith, president and CEO of OMSA, knows that he is passionately focused on the U.S. maritime industry and staunchly defending the U.S. Jones Act fleet and mariners. We caught with Smith on the sidelines of the Workboat Show in New Orleans last week. Highlights of the conversation are below – including an update on the American Offshore Worker Fairness Act – the full