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Saul Ewing law firm, representing the developers of the 2.4GW Leading Light Wind project, has told the New Jersey Board of Public Utilities (NJBPU) that its clients will not be going ahead with the project. The law firm stated that the developers, Invenergy and energyRE, have determined that they cannot move forward with the project …
https://splash247.com/developers-abandon-another-us-offshore-wind-project/
https://splash247.com/developers-abandon-another-us-offshore-wind-project/Oslo-listed semisub player Odfjell Drilling has bought the harsh environment semi-submersible drilling rig Deepsea Bollsta from John Fredriksen-controlled Northern Ocean, a semisub spin-off of Northern Drilling, for a total consideration of $480m. The 2019-built rig, which is of the Moss Maritime CS60 design, has been managed by Odfjell Drilling since the first quarter of 2022 …
https://splash247.com/odfjell-drilling-scoops-up-northern-ocean-semisub-for-480m/
https://splash247.com/odfjell-drilling-scoops-up-northern-ocean-semisub-for-480m/COSCO Shipping is pressing ahead with a major expansion of its newcastlemax fleet, emerging as the end operator behind a fresh quartet of 210,000 dwt bulk carrier newbuildings at Dalian Shipbuilding Industry Co (DSIC). DSIC revealed last week that it had booked orders for 30 vessels, including four newcastlemaxes, without naming the customer. Market and …
https://splash247.com/cosco-emerges-behind-dsic-newcastlemax-orders/
https://splash247.com/cosco-emerges-behind-dsic-newcastlemax-orders/Taekwang Group has muscled into the bidding war for K Shipbuilding, joining forces with TPG, a US private equity firm formerly known as Texas Pacific Group. The consortium has submitted a letter of intent to acquire management control of the Jinhae-based yard, one of three confirmed bidders for the shipyard formerly called STX Offshore & …
https://splash247.com/american-private-equity-eyes-korean-yard-investment/
https://splash247.com/american-private-equity-eyes-korean-yard-investment/The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, Maritime Strategies International, but there remain reasons to be cautious. The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as a lead investor in one half of the …
https://splash247.com/is-the-dry-bulk-market-overestimating-simandous-impact/
https://splash247.com/is-the-dry-bulk-market-overestimating-simandous-impact/The Talara, a Marshall Islands-flagged product tanker, apprehended by the Iranian military on Friday has been tracked down. The vessel is moored in the Khuran Strait, north of Qeshm Island, a familiar location for vessels hijacked by the Iranian Revolutionary Guard Corps (IRGC), according to TankerTrackers.com. State media carried an IRGC statement saying “the tanker …
https://splash247.com/hijacked-tanker-found-in-irans-familiar-holding-ground/
https://splash247.com/hijacked-tanker-found-in-irans-familiar-holding-ground/The Black Sea has entered one of its most volatile phases as Ukraine and Russia escalate long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Over the weekend, Ukraine claimed fresh hits on Rosneft’s Ryazan refinery — one of Russia’s five largest, processing up to …
https://splash247.com/black-sea-threat-level-red/
https://splash247.com/black-sea-threat-level-red/Technip Energies Loading Systems has secured a contract to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO2 transport and storage project in Øygarden, Norway.The loading solution will be installed at the…
https://www.marinelink.com/news/technip-energies-supply-co-loading-arms-532521
https://www.marinelink.com/news/technip-energies-supply-co-loading-arms-532521The Baltic Power offshore wind project has installed the first turbine nacelles manufactured in Poland, marking a milestone for the country’s emerging offshore wind supply chain.Three 15 MW turbines have been fitted with nacelles produced at Vestas’ newly opened plant in Szczecin…
https://www.marinelink.com/news/first-locallybuilt-nacelles-installed-532523
https://www.marinelink.com/news/first-locallybuilt-nacelles-installed-532523Oslo-listed semisub player Odfjell Drilling has lined up more long-term work for its owned rig Deepsea Aberdeen, signing a letter of intent with an undisclosed client that would keep the harsh-environment unit busy into 2029. The LOI covers a programme starting in late 2026, directly after the rig completes its current deal, and would extend …
https://splash247.com/odfjell-drilling-eyes-long-term-cover-with-new-semisub-deal/
https://splash247.com/odfjell-drilling-eyes-long-term-cover-with-new-semisub-deal/