President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050.
Iran's Revolutionary Guards' navy has unveiled new vessels equipped with 600-km range missiles at a time of rising tensions with the U.S. in the Gulf, the semi-official Tasnim news agency reported on Wednesday.The announcement was made during a military exercise off the coast of Abu Musa island, one of three Gulf islands under Iranian control but disputed by the United Arab Emirates.
The prosperity of port cities, throughout history, has been closely tied to the ports’ ability to adapt to economic and technological change. As ships got bigger, ports had to keep up. This has often seen the port proper grow apart from the city whose name it bears because the old harbor could no longer accommodate the needs of modernized shipping.
Bollinger Shipyards has begun fabrication at its newly acquired Mississippi repair facility, Bollinger Mississippi Repair, in preparation to refit the National Oceanic and Atmospheric Administration (“NOAA”) Ship Ronald H. Brown, the largest ship in NOAA’s fleet. The overhaul is expected to extend the vessel's life, first launched in 1996, by an additional 15 years.
Shipping giant A.P. Moller-Maersk said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. Company veteran Clerc, who currently heads the company's Ocean & Logistics business, is taking the helm at a time of slowing demand for transport and logistics as a global recession looms.
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the
Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports."The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and
Protests were temporarily called off at Adani's Vizhinjam seaport in the southern Indian state of Kerala after more than four months of agitation, a protest leader said on Tuesday, but demands to halt port construction were not met.Work by the Adani Group had been paused at the port because of objections from a mostly Christian fishing community, led by Catholic priests
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.Dozens of ships have been circling off the Iberian coast and in the Mediterranean sea for weeks
Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia, Africa and South America following the imposition of Western sanctions for its invasion of Ukraine.
Equinor, a Norwegian oil company, said on Friday that it had recently awarded six offshore vessel contracts to five shipowners. The total value of the contracts, including options, is estimated to be more than NOK 2.5 billion ($235,6 million). The six platform supply vessels will be managed by Simon Møkster Shipping AS (Stril Luna & Stril Mar vessels)
SAAM Towage announced it has closed an agreement with Teck & Neptune Terminals that will allow the deployment of the first two electric tugs to its fleet.The ElectRA 2300SX tugs are designed by Vancouver-based Robert Allan Ltd. and will be built at Sanmar Shipyards in Turkey.Scheduled for delivery during the second half of 2023