Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk, Danske Bank, Maersk Drilling, Maersk Tankers, Maersk Product Tankers, KK Wind Solutions and A.P. Moller Capital. A.P.
Dubai's Drydocks World shipyard has started construction of the offshore wind installation vessel for the Dutch company Boskalis.Drydocks World held a steel-cutting ceremony on Monday to mark the start of production on a conversion project for Boskalis B.V.The shipyard will convert the drillship YAN into an offshore installation vessel named Bokalift 2.
The 219 MW Northwester 2 wind farm has been completed and is now supplying the Belgian grid electricity by all of its 23 fully operational wind turbines producing 9,5 MW each. This wind farm, owned by Parkwind (70%) and Sumitomo (30%) is the first to use the MHI Vestas V164-9.5 MW turbines in commercial operation. The first turbine was installed in December 2019.
One Iranian warship accidentally struck another with a missile during an exercise, killing 19 sailors and wounding 15 others, Iran's navy said on Monday.The incident took place during training in the Gulf of Oman, a sensitive waterway that connects to the Strait of Hormuz through which about a fifth of the world’s oil passes. Iran regularly conducts exercises in the area.
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed a record cut in output from May of 9.
If one ever needed proof that, no matter how dire the situation, there is always a silver lining, look no further than the crude tanker market, which has seen it day rates skyrocket in the face of a global pandemic that has effectively ground world commerce to a crawl.As is the case with other gravity defying business phenomena, geopolitics is a central factor
Two U.S. Navy hospital ships are being prepared to aid shoreside medical facilities that could become overrun by the coronavirus pandemic, the Pentagon's chief spokesman said.The USNS Comfort and USNS Mercy will be deployed "as needed to assist potentially overwhelmed counties with acute patient care" as part of the Defense Department's response to the pandemic, Jonathan Rath Hoffman
U.S. President Donald Trump on Friday said that major cruise lines would suspend cruises for 30 days, following a series of industry announcements that came after repeated transmission of coronavirus among passengers at sea.“At my request, effective midnight tonight, Carnival, Royal Caribbean, Norwegian, and MSC have all agreed to suspend outbound cruises for thirty days,” Trump said on Twitter.
Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017, which serves as the base year for the agreement.
The Port of Seattle announced Wednesday that it has canceled two cruise ship calls to help curb the spread of the novel coronoavirus.“This region is in a public health emergency and we will cancel the first two sailings of our cruise season,” said Port of Seattle Commission President Peter Steinbrueck. “The health, safety, and wellbeing of our residents is our top priority.
New Jersey-based Rand Logistics announced it has entered into a stock purchase agreement to acquire rival Great Lakes shipping company American Steamship Company (ASC) from Chicago-based GATX Corporation for $260 million.Headquartered in upstate New York, ASC operates the Lakes' largest U.S.