Over the last few weeks, we have seen three announcements by Chinese OEMs of 18-megawatt (MW) turbines. CSSC Haizhuang announced the H260-18MW turbine with a 260-meter rotor diameter. Mingyang Smart Energy has announced its new MySE 18X-28X turbine, which has a rotor diameter of over 280 meters.
Inland waterways, sometimes called ‘nature’s superhighways’ provide a strategic advantage related to security, economics, and trade for any nation whose geography, topography, and climate enable this natural infrastructure. Economic benefits are realized in small rural areas through large urban communities that utilize the system for efficient transportation and improved markets.
Richard Balzano took over as CEO and executive director of the Dredging Contractors of America in December 2020. And while he says he’s “still fairly new to the [dredging] industry”, he certainly knows his way around the business, having held a number of prominent roles over the course of more than 30 years in the maritime and U.S government sectors. His resume is impressive.
For the future of the industry, hire interns, both college and high schoolers. And pay them: none of that silly privileged unpaid intern crap that occurs in non-maritime industries.I generally wait until I receive the printed issue to read Maritime Reporter and Engineering News, and when I read the August edition, I was both delighted and frustrated
Marine salvage and emergency response company Resolve Marine announced on Friday that it has appointed Joseph Farrell, III as deputy CEO, a transition role to CEO.Farrell has more than two decades of field operations and business experience at Resolve Marine. After serving as a naval architect and project manager where he worked on and led high-profile salvage projects around the world
Shipping company Castor Maritime announced it has sold the 2007-built Panamax bulk carrier Magic Rainbow to an undisclosed buyer for $12.6 million.The 73,593 dwt vessel is expected to be delivered to its new owner during the second quarter of 2023.Nasdaq-listed Castor Maritime said it expects to record an approximately $4.4 million net gain on the sale, excluding transaction related costs.
Norwegian offshore vessel owner Golden Energy Offshore Services AS (GEOS) has secured bring to work (B2W) contract for its offshore vessel Energy Duchess and a medium-term contract in direct continuation.The 83.4-meter vessel of Ulstein PX121 design will be mobilized with a Z-Bridge Bring to Work system (B2W)
Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.Carriers like MSC and Maersk are trying to prop up prices by cancelling voyages and that could spark a new round of cargo delays as containers get bumped from one ship
Chairman Daniel B. Maffei announced today the hiring of Linda S. Harris Crovella to serve as an Administrative Law Judge of the Federal Maritime Commission.Judge Crovella joins the Commission after serving as an Administrative Law Judge with the Social Security Administration in Richmond, Va. and Buffalo, N.Y. for the past six years.
Flex LNG has secured charters for for Flex Rainbow, Flex Enterprise and Flex Amber LNG carrires, adding $750 million of fixed backlog in total.Flex LNG and the charterer of Flex Enterprise and Flex Amber, an unnamed "supermajor", have agreed to replace the existing variable time charters which are due October 2023 and March 2024 with new fixed hire time charters.
ZF Marine has appointed Walter Fienco to the position of Product Line Manager, Commercial Thrusters. In this role, Walter will lead ZF Marine’s commercial thruster product sales across the North and Central American and Caribbean markets.Fienco brings nearly 15 years of commercial thruster product experience to the position.
Shipping company Castor Maritime on Monday announced it has lined up time charter contracts for three of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days.