Thursday, January 28, 2021
MORE TOP STORIES
file image

Biden Halts New Federal Oil and Gas Leases

By The Maritime Executive 01-27-2021 07:07:00

On Wednesday, President Joe Biden signed a long-expected executive order to set up a climate task force and direct federal agencies to take action to counter climate change. Controversially, the order halts all new oil and gas leases in federal waters and moves to raise federal oil and gas royalty fees. "The Secretary of the Interior shall pause new oil and natural gas leases on public lands or in offshore waters pending completion of a comprehensive review and reconsideration of...

Continue Reading...
NYK building services to support offshore wind sector

NYK Continues Drive to Develop Businesses for Offshore Wind Sector

By The Maritime Executive 01-27-2021 06:27:19

Japan’s NYK is continuing its efforts to enter into the growing offshore energy business to realize the opportunities created as Japan’s government takes efforts to support the development of offshore wind projects.  In its latest step, NYK completed a memorandum of understanding with OYO Corporation, Japan's largest geotechnical investigation company, and Fugro, a geotechnical survey company. The agreement is the first step toward a partnership that would provide services required by the domestic offshore wind power industry. It also builds...

Continue Reading...
armada

Historic Charts of the Spanish Armada Preserved for the Public

By The Maritime Executive 01-27-2021 05:44:00

A rare set of charts depicting the defeat of the Spanish Armada have been saved from being sold overseas thanks to quick action by the National Museum of the Royal Navy, which raised $820,000 from the public in eight weeks. The ten maps - a complete set - are thought to be the earliest surviving representations of the running naval battle, and they have not left the UK since they were first drawn in 1589.  The ink and watercolor Armada Maps were completed...

Continue Reading...
exploring wind propulsion for dry bulk carriers

Developing Wind Propulsion for Dry Bulk Carriers

By The Maritime Executive 01-27-2021 05:41:10

Oldendorff Carriers, one of the world’s leading dry bulk lines, announced that it will participate in a joint development project to design and test wind-assisted propulsion technology for its dry bulk carriers. The project, scheduled for completion in 2022, is designed to break down significant barriers for the installation of rotor sails technology and pave the path for commercial-ready applications across the industry. During the joint development project, Oldendorff which owns more than 100 vessels and with charters on average...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

emerald

Shell Buys Majority Stake in Floating Offshore Wind Farm

Oil major Shell has purchased a majority stake in Simply Blue Energy's Emerald Project, a floating wind farm in the Celtic Sea off the south coast of Ireland. It is the latest in a string of new offshore wind ventures for European oil majors, which are all looking to apply their existing offshore engineering and project management capabilities to new revenue opportunities. “At Shell we aim to build an integrated power business spanning electricity generation, trading and supply. This project...

Continue Reading...

Shipbuilding

France and Italy call off shipyard merger

France and Italy Agree to End Proposed Fincantieri-Chantiers Merger

Citing the impact of COVID-19 and the current economic situation, France and Italy announced jointly that they have agreed not to proceed with the merger of two of Europe’s largest shipbuilders, Chantiers de l’Atlantique and Fincantieri. First proposed in February 2018, the completion of the merger of the two state-owned shipbuilding companies had been delayed pending an anti-trust review and approval from the European Commission. A joint statement issued by France’s Minister of the Economy and Finances and Italy’s Minister...

Continue Reading...

Training

New York launches wind training initiative

New York Launches Largest Public Investment in Wind Workforce Training

The state of New York announced a new training initiative to develop a workforce for the renewable energy industry which it says is part of the largest public investment in offshore wind workforce development by any state in the U.S. In its first phase, New York’s Offshore Wind Training Institute (OWTI) will train 2,500 workers designed to support the state’s goal of developing 9,000 megawatts of offshore wind by 2035. Through a partnership between the State University of New York’s...

Continue Reading...

Business

shanghai

Despite COVID, Chinese Exporters Strengthen Position in World Trade

  [By David Uren] Analysts are expecting China’s economic output in the first three months of 2021 to be 15 percent to 18 percent higher than in the same period in 2020 when the coronavirus struck, highlighting the enormous power and resilience of the country’s vast manufacturing sector. Perhaps the biggest economic surprise of last year was the strength of China’s economic recovery, despite it having been the first to suffer the pandemic. While the Chinese economy fell sharply in...

Continue Reading...