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Fincantieri Inks Order for Five Walk-to-Work Vessels for Offshore O&G Fincantieri subsidiary Vard has won a contract for the construction of five walk-to-work offshore service vessels for the oil and gas industry – a change from years past, when the offshore wind industry was the primary customer base for this specialty segment.  “We are very…

Australia’s Star of the South Revises Plan Based on Feasibility Studies   A large wind project widely considered to be Australia’s first large offshore wind farm provided a critical update defining the project after five years of feasibility studies and consultations. The Star of the South, which received its exploration license in 2019 continues to…

Hydrogen Combustion Auxiliary Engine to be Tested in 2025 on UK Cargo Ship   An innovative project designed to validate hydrogen combustion engines for ocean-going vessels and lay the foundation to scale up the technology is set to proceed in March 2025 aboard a cargo ship operated by Carisbrooke Shipping. The partnership led by Carnot…

SoCal Port Volumes at Record Pace Driven by Economy and Uncertainties Cargo volumes passing through Southern California’s twin ports of Los Angeles and Long Beach continued the strong pace seen for the past few months and set new records in October. Near-term both ports expect the strength to continue driven by the strong economy and…

Greek Dockers and Mariners Join 24-Hour General Strike Over Inflatiion   Greek dockers and mariners have joined in a 24-hour general strike in Athens, hampering cargo operations at Cosco-run container terminals at the port of Piraeus.  The Panhellenic Maritime Federation has joined in the strike, implementing a shutdown on coastal shipping beginning at 0001 hours…

Korean Shipbuilders Expect Strong 2025 While Looking to Trump Presidency   South Korea’s shipbuilding industry is projecting another strong year as part of a multi-year supercycle in orders while also looking to the second presidency of Donald Trump to be a boon to the industry. Despite growing competition from Chinese shipbuilders, the Koreans are expressing…

Denmark Guards Chinese Bulker Linked to Subsea Cable Damage Denmark’s defense ministry has confirmed that it is monitoring a Chinese bulker suspected of potential involvement in the severing of two subsea cables in the Baltic last weekend. The damage is being investigated as a presumed sabotage attack.  The vessel, the Yi Peng 3, was outbound…

Report: Green Corridors Face “Feasibility Wall” Due to Fuel Costs   A new report warns that a “feasibility wall” could jeopardize the significant progress being made for the adoption of green corridors, a key part of efforts to support sustainable shipping. The Getting to Zero Coalition and the Global Maritime Forum report that the lack…

Fishing Vessel Chartered by Offshore Wind Farm Grounds Off Rhode Island   Early Monday, a fishing vessel reportedly contracted to work on the Revolution Wind project ran aground in a channel near Jamestown, Rhode Island, prompting a rescue and response operation.  In the early hours of Monday Morning, the Virginia Wave grounded near Beavertail State Park,…

Vancouver Accredits Seaspan Energy for First LNG Ship-to-Ship Bunkering   The Port of Vancouver and Seaspan Energy took a key step forward to launching the first ship-to-ship LNG bunkering operation for a wide range of vessels calling at the port. The company went through an extensive multi-year assessment process conducted by the Vancouver Fraser Port…

Keppel Seeks to Monetize Legacy Rigs as Offshore Energy Sector Rebounds   Opportunities are emerging in the offshore energy sector as the market improves prompting Singapore-based Keppel to announce it will take direct control of 13 offshore rigs that are part of its former offshore and marine business. The new transaction is a follow-up to…

EU Operators Brace for Cost and Complexity of FuelEU Carbon Regs The European Union’s FuelEU Maritime regulation takes effect on Jan. 1, 2025, and it is expected to give European shipping interests a big compliance challenge – or opportunity, depending on how they operate. The regulation is highly technical and is driven more by math…