Tuesday, September 28, 2021
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gazprom-neft shelf

OFAC Settles With Cameron Int'l for Russian Offshore Sanctions Breach

Published Sep 27, 2021 6:55 PM by The Maritime Executive

The U.S. Treasury has reached a settlement agreement with drilling equipment maker Cameron International over apparent violations of U.S. sanctions on Russia's Arctic offshore oil industry.  After Russia invaded and occupied Ukrainian Crimea in 2014, the Obama administration imposed stiff sanctions on certain sectors of the Russian energy economy. The measures forbid U.S. persons from selling goods,  services or technology for use in Russian deepwater, Arctic offshore or shale projects. This swiftly shut down Russian oil companies' access to American...

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plan to make New York City hub for offshore wind energy sector

New York City Plans 15-Year $191M Investment for Wind Infrastructure

Published Sep 27, 2021 5:50 PM by The Maritime Executive

New York City is planning an ambitious 15-year, $191 million Offshore Wind Vision (OSW) program designed to make the region a leading destination for the offshore wind industry. The program aims to create 13,000 jobs and generate $1.3 billion in average annual investment while helping the city meet its goal of 100-percent clean electricity by 2040 and carbon neutrality by 2050. Under the plan detailed by Mayor Bill de Blasio and New York City Economic Development Corporation (NYCEDC), New York...

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plans for U.S. wind farm installation vessel as company repositions to wind energy sector

Norway’s Havfarm Plans U.S. Wind Installation Vessel

Published Sep 27, 2021 5:21 PM by The Maritime Executive

Norway’s Havfarm continues its efforts to reformulate its business to increase its emphasis like other companies on the emerging offshore wind sector. The company said it is finalizing an order for a large wind turbine installation vessel. The company is also targeting entry into the U.S. market to take advantage of the planned wind farms around the United States. Havfram plans to build a jack-up installation vessel that will have the capacity to operate on zero-emission fuels. The company said...

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first LNG bunkering in Le Harve

First LNG Bunkering Completed at Le Havre for Expedition Cruise Ship

Published Sep 27, 2021 4:14 PM by The Maritime Executive

The first LNG bunker operation in the port of Le Havre, France was completed last week. It also marked the expansion of Gasum’s network to France. The energy company highlighted the expansion noting that Le Havre is the second-largest commercial port and the largest container port in France. Gasum delivered the LNG to the French luxury cruise operator La Compagnie du PONANT for the company’s newly built polar explorer cruise ship, Le Commandant Charcot. The bunkering operations were conducted on...

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Offshore

floating offshore wind

Portuguese Floating Wind Farm Shows Better-Than-Expected Results

Portuguese utility EDP Renewables has good news about its WindFloat Atlantic floating offshore wind farm, the first project of its kind with semi-submersible platform bases. In its first full year of operation, WndFloat Atlantic's three turbines produced 75 GWh of electricity, exceeding expectations for the pre-commercial scale development.  "The project has performed well above expectations. It has registered high levels of availability and a production that has exceeded expectations for many months," said EDPR project director said José Pinheiro. "We...

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Shipbuilding

Bollinger Shipyards

Bollinger Reopens All 11 Yards After Hurricane Ida

Hurricane Ida significantly impacted Southern Louisiana's maritime industry, including Bollinger Shipyards, which operates 11 sites across the state. Bollinger says that its yards in Port Fourchon, Larose, Lockport, and Houma suffered significant damage from the Category 4 storm, tied for the title of most powerful on record in Louisiana.  "Each year brings a new storm season, and with it, its own unique set of challenges – this year has been no different. But to know our workers is to understand...

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Environment

ubc

The Tough Start and Groundbreaking Career of UBC's Dr. Daniel Pauly

Dr. Daniel Pauly is the world’s most-cited fisheries scientist, but life for the UBC professor has been far from easy. The biracial son of a French woman and an American GI, he was born in Paris and kidnapped as a child to be a live-in servant for a Swiss family. He escaped to Germany at 17 and put himself through high school by attending evening classes after a full day’s work. Dr. Pauly went on to blow the whistle on...

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Business

demere

Christian Demere, President & CEO, Colonial Group

Congratulations on your appointment as President & CEO last December! Were you groomed from the beginning to someday take over the company founded by your great-grandfather? No, I was never groomed to take over. My mother came from a very humble background, and my father was very sensitive to any notions of entitlement. For someone who’s experienced the kind of success he has, he still cuts his own grass, drives cars until they won’t run anymore and fixes everything himself....

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