Thursday, October 24, 2024
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Odesa port region

UK Joins Ukraine in Vowing to Strengthen Defense of Black Sea Ports

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sail cargo ship

French Sail Cargo Company Unveils Plans for 200 TEU Sail Cargo Ship

Published Oct 23, 2024 7:08 PM by The Maritime Executive

French sail cargo company and chocolatier Grain de Sail unveiled its most ambitious plans to date for a significantly larger sail cargo ship. With the design that calls for a capacity of 200 TEU or 2,800 metric tons, the company reports it will achieve significant scale for its operations as part of a plan that envisions up to four ships by 2027. The plan to construct Grain de Sail III envisions a 360-foot container ship with a larger...

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CCG 5402

Indonesian Coast Guard "Drives Out" Chinese Vessel Shadowing Seismic Ship

Published Oct 23, 2024 6:33 PM by The Maritime Executive

On Monday, Indonesia's coast guard "drove out" a China Coast Guard cutter that was shadowing a survey vessel in Indonesian waters of the South China Sea. On Tuesday, the Chinese vessel was back again in the same spot, according to maritime security expert Ray Powell.  The cutter CCG 5402 was closely shadowing an Indonesian-chartered survey ship, the Norwegian-flagged Geo Coral, which was driving a racetrack course at an oil prospect off the Natuna Islands. In response, Baklama patrol ship KN Tanjung...

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offshore wind farm

Dominion Energy Receives $2.6B as Stonepeak Acquires Share of Wind Farm

Published Oct 23, 2024 6:12 PM by The Maritime Executive

Dominion Energy Receives $2.6B as Stonepeak Acquires Half of Offshore Wind Farm Dominion Energy completed the previously announced deal to sell a 50 percent interest in its Coastal Virginia Offshore Wind project to Stonepeak, a leading alternative investment firm specializing in infrastructure and real estate. The transaction continues the trend of investment firms entering the offshore wind sector while for Dominion Energy it reduces risk and is part of a broader effort to lower corporate debt. The company has said...

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ship management

OSM Thome Continues Consolidation Acquiring Klaveness Ship Management

Published Oct 23, 2024 5:30 PM by The Maritime Executive

  Norway’s Torvald Klaveness announced today the sale of its Klaveness Ship Management operation to OSM Thome citing the need for increased scale and investment in the ship management sector. OSM Thome which has been driving consolidation in the sector will maintain the Klaveness operation while the Norwegian shipowner will contract with the new owners for ship management for Klaveness Combination Carriers. Torvald Klaveness Group said the decision to sell this branch of its operations is driven by the need...

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Offshore

broken wind turbine blade

Additional Blades Require Reinforcing as Work Proceeds at Vineyard Wind

GE Vernova and Vineyard Wind, a joint venture project between Avangrid and Copenhagen Infrastructure Partners, detailed the next phase of their recovery effort after the offshore wind farm experienced a blade failure more than three months ago. Problems at the project continue to place financial pressures on GE Vernova which last month reported in the face of continuing financial losses it would be scaling back its efforts tied to offshore wind power generation. Installation offshore was well underway...

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Shipbuilding

containership shipbuilding

Seaspan Feeds Boxship Building Boom Ordering Six More Vessels

  The building boom for containerships is continuing with the orderbook adding yet six more large vessels to be built in China for Seaspan. The Canada-based owner-lessor of vessels is maintaining its order pace even as it takes delivery of new vessels that operate under long-term charters with major carriers. China State Shipbuilding Corporation (CSSC) is reporting that its Hudong-Zhonghua subsidiary signed the latest order on Friday, October 18 to build six 13,600 TERU vessels for Seaspan. Due for delivery...

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Environment

Zeebrugge Belgium

Belgium Deploys Unique Sensor to Measure Ship Emissions

  The authorities in Belgium this week deployed a new sensor that is designed to enhance the detection of ships violating the emissions control zone in the North Sea as well as enhance data collection to inform future emissions regulations. The program expands on the use of drones and planes which are being used to fly over ships and measure the emissions from the smokestacks. The program began in 2021 with the Royal Belgium Institute for Space Aeronomy working to...

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Business

Yanzijiang Shipbuilding

As Boxship Owners Hunt for Yard Slots, One Sues to Get Out of 10-Ship Deal

Shipowners have been scrambling to place orders for new boxships in China, but one owner wants compensation after exiting a billion-dollar order - and leading private Chinese yard Yangzijiang is fighting an arbitral case to prevent it. Chinese news outlet Xinde now reports that the owner in the suit may be Greek company Costamare.  In a regulatory filing on October 12, Yangzijiang informed its shareholders that it is in arbitration over the cancelation of a 10-ship, $900 million set...

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