Danish offshore wind installation firm Cadeler has signed a firm contract for the deployment of its newbuild offshore wind vessel, the Wind Pace, at an offshore wind farm located in the United States.This will be the first time Cadeler’s second P-Class...
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A New Thriller About an Amazing Rescue
In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position…
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Dealing with Hydrogen
This week, the European Commission presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.It was generally well received by European shipowners and ports, and it was…
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IMO Getting Ready to Seal the Deal on a GHG Emissions Pricing Mechanism
There were no major breakthroughs in the on-going discussions about a universal levy at the IMO's Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) last week. Any GHG emissions pricing mechanism is going to mean big ch...
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Tidewater’s 2024 Net Income Jumps
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1...
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Service Fees on Chinese Vessels Could Cost Billions
VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing…
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DOD Officials Visits Eastern Shipbuilding
Eastern Shipbuilding Group (ESG) has welcomed (Acting) Assistant Secretary of the Navy for Research, Development, and Acquisition (ASN RDA) Dr. Brett Seidle, Rear Admiral Tom Anderson, Program Executive Officer for Ships (PEO Ships), and several…
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Container Ship Over-Supply Looming
Capacity and its deployment dominate the outlook for shippers this year as they digest the impact of tariffs, the potential rebound in Red Sea traffic and the introduction of the new alliance Gemini, according to global consulting firm AlixPartners’ 20...
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Asia’s Oil Imports Drop 3%
Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent's top supplier Russia.Asia's imports for the first two months of the year are on track ...
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Russian LNG Pair Halts Exports as Sanctions Kick In
Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions kick in.Washington…
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