DEME, Van Oord Secure Offshore Wind Work in Taiwan
DEME and Van Oord have secured separate contracts from Copenhagen Infrastructure Partners (CIP) for installation works at the 500 MW Fengmiao 1 offshore wind farm in Taiwan.DEME, through its Taiwanese joint venture CDWE, has been awarded a substantial contract for the transport and installation of foundations and the offshore substation for the Fengmiao 1 offshore wind farm in Taiwan.For DEME, substantial…
Ship Recycling Market Likely to Remain Volatile in 2025
The recycling traffic in both India and Bangladesh continued to surprise and impress (especially in India), in week 2 of 2025, reports cash buyer GMS.“The pre-existing state of global economies also continues to persist in the wake of the unfolding present as the U.S. Dollar continues to hammer recycling nation currencies marking noteworthy increases by the week,” says GMS.The steel prices affecting the ship recycling markets…
Vietnamese General Cargo Ship Sinks, Crew Rescued
All 18 crew of a Vietnam-registered general cargo ship have been rescued after their vessel sank off Singapore.The Hong Kong registered container ship Nicolai Maersk received a distress call from the Dolphin 18 on January 11 around 7:00am (Singapore Time).The Dolphin 18 was reported to be about 274 nautical miles southwest of Vung Tau, Vietnam, and the Nicolai Maersk arrived on the scene shortly afterwards…
Brazil’s President Authorizes Offshore Wind Development
Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.The new law foresees incentives for the development of offshore energy projects in Brazilian territorial waters, the statement said.Offshore wind speeds tend to be faster and steadier than on land…
New Sanctions Expected to Have Severe Consequences for Russia
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil…
SECNAV Nominee Meets with Senator Wicker
U.S. Senator Roger Wicker, R-Miss., the chairman of the Senate Armed Services Committee, today met with President-elect Donald J. Trump’s nominee to be the 79th Secretary of the Navy, John Phelan.In the meeting, Chairman Wicker and Mr. Phelan discussed current shipbuilding and maintenance challenges, the need for accountability in the Navy, and the Chairman’s vision for a larger and more innovative U.S.
Sails on an OPV? Vessel Design, with French Flair
Generally, government owned vessels, particularly ones engaged in law enforcement, are seemingly last in line when it comes to fuel efficiency. Not so in France, as the Directorate General for Maritime Affairs, Fisheries and Aquaculture (DGAMPA), in late 2024 sealed the deal and commissioned the SOCARENAM-MAURIC consortium to design and build an offshore patrol vessel (OPV) which combines hybrid propulsion and wind sails…
Josephides named Director General, Cyprus Shipping Chamber
The Cyprus Shipping Chamber announced that its Board of Directors has unanimously decided to appoint its current Deputy Director General / Marine Manager, Alexandros Josephides, as the next Director General.Josephides will succeed Thomas A. Kazakos, who is taking over as Secretary General of the International Chamber of Shipping in London, effective 1st April 2025.Completing this year, a very productive 30 years-service with the Chamber, Mr.
Israel Bombs Houthi-controlled Power Station, Ports
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli Prime Minister Benjamin Netanyahu said the Iran-backed Houthi militia were "paying and will continue to pay a heavy price for their aggression against us".A…
Baltic Index Gains Again on Capesize Strength
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 79 points to 1,048 points. However, it was down 2.2% for the week.The capesize index rose 284 points at 1,448 points, its highest level since Dec. 10, 2024. The index gained about 5.3% this week.
Germany Secures Drifting Tanker off Baltic Coast
A tugboat has stopped a tanker carrying around 99,000 metric tons of oil from Russia from drifting out of control off Germany's Baltic Sea coast near the island of Ruegen…
BOEM Boosts Monetary Penalties for Oil & Gas firms
Today, the Bureau of Ocean Energy Management (BOEM) announced a final rule that implements the 2025 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal Civil Penalties Inflation Adjustment Act Improvements Act (FCPIAA Improvements Act) of 2015 requires Federal agencies to adjust the level of civil monetary penalties for inflation annually.
NRF: Import Cargo to Remain Elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen a surge in imports that is expected to continue because of potential increases in tariffs, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“The new contract brings certainty and avoids disruptions…
Navarino Expands Maritime Connectivity Portfolio with Castor Marine Acqusition
Maritime communications and connectivity company Navarino Group has acquired Dutch internet connectivity and IT solutions provider to the maritime industry Castor Marine.Castor Marine will continue to operate independently within the Navarino Group, leveraging additional resources to expand its capabilities. Customers can expect uninterrupted service as well as access to an expanded portfolio of solutions.Key benefits of the deal include an expanded service portfolio…
MOL’s LNG Carrier Newbuild on Charter with TotalEnergies Gets Its Name
Mitsui O.S.K. Lines (MOL) has named its newbuilding LNG carrier MOL Azure, set to sail for TotalEnergies under a time-charter contract.The MOL Azure vessel was ordered by a wholly owned subsidiary of MOL and is slated to sail under a time charter contract with TotalEnergies Gas & Power Limited (TGPL), a subsidiary of TotalEnergies.Upon delivery on January 14, the vessel will be the second LNG carrier to be chartered by TGPL under a time charter contract…
Record Year for Alternative-Fueled Vessel Order with LNG at Forefront, DNV Finds
The 2024 represented an unprecedented year for maritime industry when it comes to orders for alternative-fueled vessels, driven mainly by liquefied natural gas (LNG), according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform.A total of 515 alternative-fueled such ships were ordered, excluding LNG carriers, representing a 38% year-on-year increase compared to 2023, underscoring…
Spreading the High-Spec Joy
This week at MarineLink…A noteworthy vessel was introduced to the fixed-bottom offshore wind sector this week. The offshore installation vessel Boreas was delivered to Van Oord by Yantai CIMC Raffles Offshore in China. The vessel will be the largest of its kind once operational, and it is purpose-built for the transport and installation of foundations and turbines up to 20MW capacity turbines.China’s Dongfang Electric is already building 26MW turbines…
Taiwan Navy Showcases Top Ships in Drills
Taiwan's navy simulated on Thursday an effort to see off enemy ships as it wrapped up three days of New Year drills, sending two of its newest and most advanced warships to lead a flotilla into the Taiwan Strait.China, which views democratically governed Taiwan as its own territory, sends its air force and navy into the skies and waters near the island on a daily basis in what the government in Taipei…
Panama to Trump: The Canal is Ours
Hundreds of Panamanians marched on Thursday to mark the anniversary of a deadly uprising against U.S. control of the Panama Canal in 1964, with some protesters burning an effigy of President-elect Donald Trump who has threatened to retake the vital global waterway.More than 20 Panamanians, many of them students, died during violent clashes across the country in January 1964, which escalated after U.S. security forces opened fire in response to mass demonstrations against the U.S.
Denmark Admits Neglecting Greenland Defense
Denmark acknowledged on Thursday it had long neglected the defense of Greenland, a vast and strategically important Arctic island, after President-elect Donald Trump said acquiring the Danish sovereign territory was vital for U.S. security.Trump, who takes office on Jan. 20, said this week that U.S. control of Greenland was an "absolute necessity" and did not rule out using military or economic action…
