Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.
The Bureau of Ocean Energy Management (BOEM) has announced its approval of the Construction and Operations Plan for the Maryland Offshore Wind project.This is the final approval needed for the project from BOEM following the Department of the Interior’s September 2024 Record of Decision.
Investment holding company Ocean Wilsons has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday.London-listed Ocean Wilsons, which is the controlling shareholder of shipping firm Wilson Sons, said in a statement it was a "compelling time" for the sale
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas
Hanwha Ocean on Wednesday announced it has secured a contract that makes it the first Korean shipbuilder to provide maintenance, repair, and overhaul (MRO) services for the U.S. Navy.The 40,000-ton U.S. Navy dry cargo and ammunition ship USNS Wally Schirra is undergoing maintenance and inspection at Hanwha Ocean’s Geoje shipyard
South Korean shipbuilding group Hanwha Ocean on Tuesday announced it has been certified to participate in vessel maintenance, repair and overhaul (MRO) activities for the U.S. Navy.The company said its Master Ship Repair Agreement (MSRA) signed with the U.S. Navy enables it to bid to perform MRO work for U.S. naval vessels at its Geoje Shipyard in South Korea.
Yemen's Houthis said on Monday that they conducted four military operations targeting four ships in the Red, Arabian and Mediterranean Seas as well as the Indian Ocean "linked to the United States, the United Kingdom and Israel."In the first operation, "Israeli ship MSC Unific was targeted in the Arabian Sea," Yahya Sarea, the Yemeni group's spokesperson said."A U.S.
Spiking ocean shipping rates, vessel backups at seaports and empty container shortages - issues that wreaked havoc on global trade during the COVID pandemic supply-chain crisis - are back as the industry enters its busy season."There is a cocktail of uncertainty and disruption across global ocean freight supply chains," said Peter Sand, chief analyst at pricing platform Xeneta.
Austal has secured a $516 million contract to construct the lead ship of the United States Navy's ocean surveillance program, T-AGOS 25, the Australian defence shipbuilder said in an exchange filing on Friday.The contract, announced on May 19, was originally for $113.9 million for a detailed design of the Auxiliary General Ocean Surveillance Ship T-AGOS 25 Class for the United States Navy
The Olympic flame landed on French soil amid tight security on Wednesday, firing the starting gun on a summer extravaganza of sport that President Emmanuel Macron hopes will showcase the splendours of France and burnish his legacy.The flame arrived in Marseille, a port city in southern France founded by Greek merchants, after a 12-day trip from Greece onboard the Belem
The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear that the Houthis have acted on earlier threats to expand operations to the Indian Ocean region and attacks towards southern Israel.
The biggest operational crane on the U.S. Eastern Seaboard towered over Baltimore's port on Friday, ready to begin clearing the wreckage of the Francis Scott Key Bridge days after a cargo ship crashed into it, sending the span crashing into the harbor.Crews were still surveying the damage as of midday Friday.