Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by gove...
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Cadeler’s WTIV Newbuild Arrives to Rotterdam Ahead of Maiden Job
Cadeler’s newbuild offshore wind installation vessel (WTIV) Wind Peak, designed to be able to transport and install up to seven complete 15 MW offshore wind turbine sets per load, has arrived to Rotterdam in the Netherlands, ahead of its first…
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LR and SHI Join Forces for Green Ammonia FPSO System
Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used ...
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Harren Group Opts for VESPER Performance Management Platform for Its Fleet
Vessel Performance Solutions, a subsidiary of Ascenz Marorka, GTT Group’s smart shipping arm, has announced that Harren Group, a family-run shipping conglomerate, has selected VESPER as its performance management platform for 30 vessels of their fleet....
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Fincantieri Lifts Full-Year Revenue Outlook to Above $8.43B
Italian shipbuilder Fincantieri on Thursday raised its full-year forecast on revenue to "above" 8 billion euros ($8.43 billion), from "about" previously indicated, boosted by all business segments.The Trieste-based vessel maker reported a nine-month co...
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France’s First Hydrogen-Electric Powered Fishing Training Vessel Ready to Set Sail
The LPMA: Maritime and Aquaculture Professional School of Bastia will on November 15, 2024, inaugurate France's first hydrogen-electric powered fishing training vessel, dubbed Alba, which was designed by a MAURIC-led consortium.Alba vessel has…
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Cargotec to sell MacGregor to Triton for Over $500M
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-r...
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Mitsubishi Shipbuilding Christens LNG RORO
Mitsubishi Shipbuilding has launched the Trans Harmony Emerald, the second of two LNG-powered roros under construction for Toyofuji Shipping.The ship's handover is scheduled for June 2025 following completion of outfitting work and sea trials.
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New Monitoring System Boosts Safety of Reduced Iron Transport
NYK Line and MTI have filed a patent application for a technology that monitors the transport of reduced iron on bulk carriers.Reduced iron is attracting attention because it does not require coke in the manufacturing process, a benefit for decarboniza...
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Proponents Disagree on Potential of Australian Live Sheep Trade
Former live export veterinarian and animal welfare advocate Dr Lynn Simpson has joined the debate on the future prospects of Australia’s live sheep trade that was sparked by industry veteran and veterinarian Dr Tony Brightling. The official…
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