Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.MMA shareholders will receive A$2.
A tanker in the Red Sea off Yemen's coast was fired on by gunmen in a speedboat and targeted with missiles, maritime sources said on Wednesday, the latest incident to threaten the shipping lane after Yemeni Houthi forces warned ships not to travel to Israel.A second commercial vessel was also approached by the speedboat in the same area though not attacked
The U.S. Coast Guard on Sunday located four Russian Federation Navy (RFN) vessels 57 miles northwest of Point Hope, Alaska. While on a routine patrol in the Chukchi Sea, the crew of U.S. Coast Guard Cutter Stratton (WMSL 752) observed the RFN vessels transiting southeast along the Russian side of the Maritime Boundary Line (MBL).
Kongsberg Maritime has been tasked to conduct energy efficiency upgrades on Solstad’s Normand Sentinel, one of its most prominent subsea construction vessels.This upgrade will see the vessel transition to Kongsberg Maritime’s electric rim-drive azimuth thrusters, marking a milestone in maritime energy efficiency.
Eastern Pacific Shipping (EPS) has signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs onboard the Pacific Sentinel.The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate propulsive efficiency, will be fitted in fourth quarter of 2024.
Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator, has reached an agreement to acquire a 75% stake in Sentinel Marine
The U.S. Coast Guard commissioned its 56th Fast Response Cutter and first one to be stationed in the Pacific Northwest during a ceremony held in Astoria, Ore., Thursday, marking the vessel's official entry into active service.Built by Bollinger Shipyards and delivered to the Coast Guard earlier this year
The U.S. Coast Guard (USCG) has opted to extend its Sentinel-Class Fast Response Cutters (FRC) build program, exercising a contract option with Bollinger Shipyards for two additional vessels.The move brings the total number of FRCs awarded to Bollinger up to 67 vessels since the program’s inception. To date, the U.S. Coast Guard has commissioned 55 FRCs into operational service.
As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S.
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced it has been awarded a purchase order to provide motor-operated valves (MOVs) through Hunt Valve for the U.S. Coast Guard’s (USCG) Polar Sentinel (WMSP-21). The cutter is the first of three multi-mission vessels that will comprise the Polar Security Cutter program
A new EU agreement on waste shipments is set to remove a legal roadblock to make it possible for a raft of non-OECD ship recycling yards to be included on an EU-approved list, which would unleash much-needed shipbreaking capacity for a massive wave of tonnage due to be scrapped over the coming years, according to green recycling consultancy Sea Sentinels.
LMG Marin France reports it has secured an engineering contract with Eastern Pacific Shipping (EPS) for integration of bound4blue eSAILsEPS will install its first ever wind-assisted propulsion system, three 22-metrer eSAILs o,n board the 2019-built oil and chemical tanker Pacific Sentinel in Q4 this year. The expected net gains in term of consumption are 10% subject to routing.