The U.S. Department of Interior on Tuesday approved the construction and operations plan for the 2.6 GW Coastal Virginia Offshore Wind project, located approximately 23.5 nautical miles off Virginia Beach, VA.This is the fifth approval of a commercial-scale offshore wind energy project in the United States.Located approximately 23.
Fort Lauderdale, Fla. based SEACOR Holdings Inc. announced it has signed a definitive agreement to sell its inland river transportation and logistics business to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.Part of the SEACOR family of businesses for over two decades, Inland River Transport Holdings LLC (SCF) includes more than 1,000 covered dry cargo hopper barges
Developers in the U.S. offshore wind industry will likely cancel some power sales contracts in New York after the state last week denied passing on more of the costs to consumers, but major projects off Massachusetts and Rhode Island are set to start up later this year.Several states and U.S.
The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental review of the proposed Coastal Virginia Offshore Wind (CVOW) commercial project.“The completion of our environmental review marks another step towards a clean energy future—one that benefits communities and co-exists with other ocean users,” said BOEM Director Elizabeth Klein.
Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease auction
With a lame-duck CNO, a divided Congress and the impending launch of the next Presidential election cycle, America’s naval market is locked into something of a fragile and fearful autopilot, cruising inexorably towards whatever excitement 2024 might bring.Materially, don’t expect much change: The demand for naval platforms will continue to outstrip available funding
Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted three of its former U.S. employees on manipulating financial information. Austal, which builds ships for the U.S. Navy and is working on parts of the Virginia class submarines, plunged to its lowest level since October 25, 2018
U.S. President Joe Biden will meet leaders of Australia and Britain in San Diego on Monday to announce a way forward for Australia to receive nuclear-powered submarines in Canberra's biggest-ever defense project.The three countries announced the so-called AUKUS plan in 2021 as part of efforts to counter China in the Indo-Pacific region.However, questions remain over strict U.S.
Virginia McVea has been named as the next chief executive officer of the U.K. Maritime and Coastguard Agency (MCA) effective April 3, 2023.Damien Oliver has been serving as the MCA's interim CEO since October 2022, following the retirement of the agency's former head Brian Johnson.U.K.
The demand for warships is strong, and the Navy continues to receive support from the Congress to build more ships. The Navy is working to achieve a fleet of about 355 ships, plus a fleet of about 150 unmanned vesselsBut to achieve something close to that goal requires more than demand, and even more than money.
U.S. maritime services company Crowley and Danish offshore service company ESVAGT will jointly build and operate a service operations vessel (SOV) under a long-term charter with Siemens Gamesa Renewable Energy. The vessel will serve in the U.S. offshore wind market.Under the new contract
CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade.The deal comes after French-based CMA CGM last month said it expects a pullback in shipping markets to accelerate in the fourth