Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project, a joint venture between Avangrid and Copenhagen Infrastructure Partners, to mobilize its contractors and suppliers to begin work, the companies said.
The U.S. Navy’s three Global class oceanographic research ships (AGORs) have received a new lease on life. The ships-- R/V Thomas G. Thompson (AGOR 23), R/V Roger Revelle (AGOR 24) and R/V Atlantis (AGOR 25)-- which entered service between 1991 and 1998--were built with 30-year expected service lives.
The UK authorities have recovered the fishing vessel Nicola Faith, which had gone missing off the coast of Colwyn Bay, Wales in January, in an incident in which all three crew members died.The bodies of the three crew members Ross Ballantine, 39, Alan Minard, 20, and Carl McGrath, 34, were found in mid-March.
A widely-shared meme has taken several facts about the Titanic out of context to make unsubstantiated claims that imply the ship’s sinking was a deliberate act. This is not true—experts widely agree the sinking of the Titanic was an accident. The meme was posted to Facebook on March 1 and has been shared more than 600 times (here).
Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
The U.S. Maritime Administration (MARAD) is seeking the public's help in determining the future of the world's first nuclear-powered merchant ship.The NS Savannah was built by New York Shipbuilding Corp. and launched in 1959 as part of President Dwight D. Eisenhower's Atoms for Peace Program to promote the peaceful use of nuclear energy.
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was the first to report on the incident on Wednesday, "a major rescue operation has been ongoing overnight," when the 228 meters drillship, Valaris DS4, broke free and started drifting without power.
Cruise operator Royal Caribbean Group said on Tuesday it reached a deal to sell its Azamara brand to private-equity firm Sycamore Partners for $201 million in cash, as it grapples with biting impacts of the COVID-19 pandemic.Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet—Azamara Quest
Robert Allan founded Robert Allan Ltd. in 1930 when Allan commenced private practice as a consulting Naval Architect after serving as Technical Manager of a local major shipyard. In the 90 years that have passed, the organization has evolved from a one-man shop to a global powerhouse in the business of naval architecture and marine design.
Dutch offshore equipment provider Huisman has signed a contract with Keppel AmFELS for the delivery of a Leg Encircling Crane (LEC) for what will be the first Jones Act-compliant wind turbine installation vessel - Dominion Energy’s Charybdis.As reported recently, Dominion Energy contracted with Keppel AmFELS, a U.S.
The U.S. Senate on Friday passed the National Defense Authorization Act (NDAA) for fiscal year 2021, a massive $741 billion defense bill setting policy for the Pentagon. Importantly for the U.S. offshore and maritime industries, the bill includes an amendment ensuring full enforcement of the Jones Act and other federal laws in offshore wind development.
Dutch shipbuilder Concordia Damen said Friday it has signed a contract for 40 eco-friendly dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management. The barges will be chartered by Shell and operated by the VT Group/Marlow. Frachtcontor Capital Partners was the broker for the deal.The 110- by 11.