Maritime Vessels Directory

President Donald Trump said that Elon Musk will lead an audit of the Pentagon, aiming to uncover what he claims could be "hundreds of billions of dollars" in fraud and abuse.During a Super Bowl interview with Fox News' Bret Baier, Trump revealed his plans to instruct Musk to broaden his oversight beyond the Department of Education to include the Department of Defense. “We're going to find billions, hundreds of billions of dollars of fraud and abuse,” Trump asserted, referring to the Pentagon, the largest federal department with a budget nearing $1 trillion annually.

"It's not the death of U.S. Offshore Wind" says Intelatus

6 hours ago

The offshore wind sector is bracing for transformative changes as it navigates shifting political landscapes and evolving market demands. To shed light on the current state of the industry, Maritime Reporter TV interviewed Phil Lewis, Director of Research at Intelatus, an international offshore energy markets expert, to discuss the trends shaping the Service Operation Vessel (SOV) and Construction Service Operation Vessel (CSOV) markets and the future of U.S. offshore wind under the Trump administration.SOV/CSOV Market: Speculation Drives GrowthInterest in purpose-built SOVs and CSOVs has surged in recent years, driven by the rapid expansion of offshore wind farms, particularly in Europe.

Baltic States Switch from Russian to European Power Grid

2 days ago

The Baltic states of Estonia, Latvia and Lithuania completed a switch from Russia's electricity grid to the EU's system on Sunday, severing Soviet-era ties amid heightened security after the suspected sabotage of several subsea cables and pipelines.European Commission President Ursula von der Leyen hailed the move, years in the planning, as marking a new era of freedom for the region, in a speech at a ceremony in Vilnius alongside the leaders of the three countries and the Polish president."These chains of power lines linking you to hostile neighbours will be a thing of the past," von der Leyen said.

Research Vessel Discovery and "The Night of Monster Waves"

3 days ago

On the night of February 8, 2000, the crew of the British research vessel, Royal Research Ship (RRS) Discovery, were braced for a storm.Wind speeds had been increasing over the previous night creating conditions no one onboard had ex-perienced before – or would want to experience again.From mid-afternoon on the 8th to mid-morning on the 9th, wave heights were topping 20 m in height and even reached 29.1 m – the equivalent to a ten-storey building – peaking around midnight.Even for 250 km west of Scotland, out in the North Atlantic, these were abnormal conditions.

Oil and Gas Traders to Seek Tariffs Exemptions from China for US Imports

3 days ago

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.Four tankers, carrying 6 million barrels of U.S.

Maritime Reporter and Engineering News (February 2025)