Monday, May 06, 2024
MORE TOP STORIES
hydrogen powered towboat

USCG Agreement Sets Development Pathway for First Hydrogen-Power US Towboat

Published May 6, 2024 4:14 PM by The Maritime Executive

  The project that has been underway for the past several years to develop the U.S.’s first hydrogen-power towboat reached a critical agreement with the U.S. Coast Guard that provides a pathway forward. Maritime Partners, which is leading the project, signed a Design Basis Agreement with the USCG for the Hydrogen One towboat that will use a novel technology that produces hydrogen aboard the ship eliminating the challenges of bunkering and storing hydrogen. “The signing of this agreement opens the...

Continue Reading...
Blue Shadow

Equatorial Guinea May Be Holding S. African Engineers Over Seized Yacht

Published May 6, 2024 3:30 PM by The Maritime Executive

The government of South Africa is working to secure the release of two oil and gas executives who were charged and swiftly convicted of drug trafficking in Equatorial Guinea last year. They were arrested just days after South African courts seized a superyacht belonging to the country's ministry of defense, the Blue Shadow, and their 12-year prison sentence is widely believed to be a politically-motivated form of retaliation.  Authorities and open source intelligence researchers have linked the vessel to vice...

Continue Reading...
suction bucket

BOEM Completes Review for Alternative Foundation Test at BP’s Beacon Wind

Published May 6, 2024 3:28 PM by The Maritime Executive

The U.S. Department of the Interior’s Bureau of Ocean Energy Management completed its environmental review clearing the way for testing of an alternative foundation for the Beacon Win site located south of Nantucket. The site now controlled by BP proposed additional site testing for a lesser-used technology called suction bucket foundations which allows for the installation of turbines without the need for pile driving. Deployed for the first time a decade ago, the suction bucket has been used...

Continue Reading...
Forescue Green Pioneer

Fortescue’s Ammonia-Fueled Ship Runs Propulsion and Maneuverability Tests

Published May 6, 2024 1:47 PM by The Maritime Executive

  Sea trials continue for the first vessel operating on ammonia, an offshore supply vessel converted by Australia’s Fortescue. Earlier this year, the vessel completed the first marine bunkering of ammonia, and now after a second bunkering undertook the next phase of its ongoing sea trials. The testing and trials are being conducted with the cooperation and close supervision of the Maritime and Port Authority of Singapore, where the vessel is registered. The MPA developed stringent safety protocols and reports...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

offshore wind farm

Ireland Releases Draft Plan for South Coast Offshore Wind Farms

  Ireland released a draft of its plan to designate four areas off the south coast for offshore wind projects and proceed to auctions. It follows the successful first offshore auction in May 2023 where over 3 GW of capacity was procured from four offshore projects. The Minister for the Environment, Climate and Communications, Eamon Ryan, released the plan on May 3 highlighting that it is Ireland’s first-ever spatial plan for renewable energy at sea. The draft South Coast Designated...

Continue Reading...

Shipbuilding

hydrogen powered towboat

USCG Agreement Sets Development Pathway for First Hydrogen-Power US Towboat

  The project that has been underway for the past several years to develop the U.S.’s first hydrogen-power towboat reached a critical agreement with the U.S. Coast Guard that provides a pathway forward. Maritime Partners, which is leading the project, signed a Design Basis Agreement with the USCG for the Hydrogen One towboat that will use a novel technology that produces hydrogen aboard the ship eliminating the challenges of bunkering and storing hydrogen. “The signing of this agreement opens the...

Continue Reading...

Environment

BV

Energy Insetting is the Key to Unlock the Potential of Future Fuels

  The maritime industry is facing an ever-tightening regulatory environment in its efforts to achieve its ambitious net-zero target by the middle of this century. For meaningful progress to be achieved, the industry needs two things: practical solutions, together with a detailed understanding of the actual impact of various long and short-term measures on the industry’s future decarbonization pathway. This extends beyond purely technical considerations, encompassing the entire value chain, and accounting...

Continue Reading...

Business

Regent

Wing-in-Ground Craft Startup Regent Secures $300M Leasing Deal

Regent, the manufacturer of a line of battery-electric wing-in-ground craft, has secured a $300 million purchase-and-lease agreement with green shipping finance company Monte Maritime.  Regent's WIG craft - which it calls a "seaglider" (no relation to the class of autonomous submersibles) - is an increasingly popular option for sustainable coastal travel. Regent has sold over 600 units of its popular Viceroy model, and more sales are coming in all the time, says Adam Triolo, VP of Commercial Business Development at Regent....

Continue Reading...