Maritime Vessels Directory

Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler scope covers installation and transportation of around 30 wind turbines at the BC-Wind offshore wind farm.Cadeler plans to deploy one of its O-class vessels, with the project scheduled to be completed in 2028.

Large Wreckage Removed from Potomac River

12 hours ago

The U.S. Army Corps of Engineers (USACE), Baltimore District, the U.S. Coast Guard (USCG) and U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), have removed all the major components of the American Airlines regional jet and U.S. Army Black Hawk helicopter from the Potomac River.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas, to Reagan Washington National Airport and the US Army helicopter collided at 8:47 p.m. ET on January 29, 2025, killing 67 people.Prestaging operations began on January 31, and initial removal of large wreckage started February 3.

Fincantieri Bags Multi-Billion Dollar Cruise Ships Order from Norwegian Operator

2 days ago

Fincantieri and Norwegian Cruise Line Holdings (NCL) have signed a multi-billion dollar agreement for the construction of four new cruise ships.With a gross tonnage of approximately 226,000 tons, the new units will be the largest ever built for NCL.The ships will be built at the Fincantieri Monfalcone shipyard, with the first unit to be delivered in 2030 and the others to follow in 2032, 2034, and 2036.Fincantieri deemed the contract ‘very important’, which means its value exceeds $2 billion. According to media reports citing sources close to the matter, the value of the contract is over $9 billion.The firm order follows the letter of intent the companies signed in April 2024.

Trump Pressures Iran; Iran Threatens Strait of Hormuz Closure

2 days ago

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure. That would shut down the region's trade and lead to a spike in oil prices.The Streit of Hormuz & OilThe strait lies between Oman and Iran and links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond.It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just two miles (three km) wide in either direction.

China Dominates Maritime Markets in '24

2 days ago

In what should be a surprise to no one, the Chinese maritime industry continued its dominance in 2024, with the nation’s vessel orderbook surpassing $123 billion. Data from VesselsValue reveals a strong year for both Chinese shipowners and shipbuilders, with significant investments across various vessel sectors.Chinese Ship Owning MarketAmong Chinese shipowners, China Merchants Shipping led the way with orders for 28 new vessels, worth an estimated $4.4 billion. This investment was primarily directed toward the Tanker and LNG sectors, each accounting for approximately 33% of the total orders, with additional investments in Bulk Carriers and Vehicle Carriers.

Maritime Reporter and Engineering News (February 2025)