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CAPE BYRON

Patrol Vessel | Flag: Australia

CAPE NELSON

Patrol Vessel | Flag: Australia | Port: -

CAPE ST. GEORGE

Patrol Vessel | Flag: Australia | Port: -

Maritime News

New Compensation Offer Made Over Suez Canal Blockage

New Compensation Offer Made Over Suez Canal Blockage

10 minutes ago
The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations.The giant Ever Given container ship has been anchored in a lake between two stretches of the canal since it was dislodged on March 29. It had been grounded across the canal for six days, blocking hundreds of ships and disrupting global trade.The Suez Canal Authority (SCA) demanded $916 million in compensation to cover salvage efforts, reputational damage and lost revenue, before publicly lowering the request to $550 million.
As Big Oil Pushes into Offshore Wind, Seabed Lease Prices Will Rise

As Big Oil Pushes into Offshore Wind, Seabed Lease Prices Will Rise

16 minutes ago
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total, BP, Equinor and Shell have all outlined plans to speed up investments in renewables, including offshore wind, as they look to reduce their reliance on oil and gas to satisfy investors and governments which are demanding reductions in emissions.
Odfjell’s WindGrid Floating Wind System Passes Milestone, Aims to Help O&G cut Emissions

Odfjell’s WindGrid Floating Wind System Passes Milestone, Aims to Help O&G cut Emissions

25 minutes ago
DNV completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2-emissions for North Sea applications are in the range of 60-70%, compared to generation of electricity from conventional gas turbines.Odfjell’s WindGrid is a solution for providing an uninterrupted power supply from Mobile Offshore Wind Units (MOWUs) to micro-grids. It combines energy storage, grid converters and floating wind turbines in order to enable gas turbine generators to be shut down during peak wind power production.
Maersk VC co-leads Funding Round in Egyptian Freight Logistics Start Up

Maersk VC co-leads Funding Round in Egyptian Freight Logistics Start Up

44 minutes ago
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo, Trella operates in Egypt, Saudi Arabia and Pakistan. It is one of several technology firms around the world seeking to upend traditional truck brokerages.Through Trella's online platform, shippers and truckers can directly book freight loads for transport. The mobile app also provides shippers with the ability to track the freight loads as they are transported.
$279m Royal Yacht a 'Good Idea'

$279m Royal Yacht a 'Good Idea'

39 minutes ago
The British government's plans to build a 200 million pound ($276.3 million) successor to the Royal Yacht Britannia, which was retired in 1997, are a good idea, Business Secretary Kwasi Kwarteng said on Monday."I think it is a good idea actually," Kwarteng told Sky, though he said there was still a discussion in government over the plans. "It's a huge amount of money.""What it does is it represents Britain - it is a symbol of Britain and if you are going on trade missions - that is exactly the way we would drive trade," he said.
Maritime Reporter and Engineering News (June 2021)
Maritime Reporter and Engineering News (June 2021)
USCG Fleet Modernization Annual