Breaking News

First Turbine Installed at World’s Largest Offshore Wind Farm

The first turbine at the soon-to-be world’s biggest offshore wind farm has been installed and is now producing electricity off of England’s coast. When fully operational, the 1,218-megawatt Hornsea 1 offshore wind farm will be nearly double the size of the current world’s largest offshore wind farm, Walney Extension, and capable of powering well over […]

Grounded Bulk Carrier Threatens UNESCO World Heritage Site in Solomon Islands

Authorities in the Solomon Islands have reported a breach in the hull of the grounded bulk carrier MV Solomon Trader, sparking fears of an environmental disaster near the East Rennell UNESCO World Heritage site. The Solomon Trader has been aground since February 4 when it was pushed onto a reef off Rennell Island due to […]

Excelerate Energy Claims First Ship-to-Ship Transfer of LNG in The Bahamas

Texas-based LNG company Excelerate Energy and Norway’s Equinor Energy have completed the first ever ship-to-ship (STS) transfer of liquefied natural gas in The Bahamas. The STS transfer was completed utilizing Excelerate’s floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager. A full LNG cargo was transferred using the double-banked LNG transfer system […]

Elbe Deepening Turns Crucial as Port of Hamburg Throughput Falls

By Mike Wackett (The Loadstar) – Container throughput at the port of Hamburg declined for the second consecutive year in 2018. The port’s throughput was down to 8.73m teu, adding urgency to the completion of the long-awaited deepening and widening programme in the river Elbe. Although this represents a marginal 1% year-on-year fall in containers […]

Dry Bulk Market Prospects Worsen After Brazil Dam Disaster, Golden Ocean Says

OSLO, Feb 19 (Reuters) – The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale’s Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings. The dam in the town of Brumadinho, which contained tailings, the mud-like byproducts of […]

Royal Caribbean Orders Oasis 6

Royal Caribbean Cruises (NYSE: RCL) announced Monday that it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique for the construction a sixth Oasis-class ship for delivery in 2023. “It is such a pleasure to announce the order of another Oasis-class ship,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. […]