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Hanwha Ocean Sells Shares to Fund Maritime Defense Plans in U.S., EU

Hanwha Ocean Sells Shares to Fund Maritime Defense Plans in U.S., EU

By The Maritime Executive
August 23, 2023
South Korean shipbuilder Hanwha Ocean (formerly DSME) is planning to raise a total of $1.5 billion through issuing new shares, the company confirmed Tuesday. The funds will go towards automating its s...
World's Largest Floating Offshore Wind Farm Officially Opened

World's Largest Floating Offshore Wind Farm Officially Opened

By The Maritime Executive
August 23, 2023
Norway marked the official dedication of the Hywind Tampen wind farm with a ceremony attended by Crown Prince Haakon of Norway and Norwegian Prime Minister Jonas Gahr Støre on the Gullfaks C platform...
"Multiple" Offshore Oil Workers Medevaced Due to Severe Heat Wave

"Multiple" Offshore Oil Workers Medevaced Due to Severe Heat Wave

By The Maritime Executive
August 23, 2023
A severe heat wave across the U.S. Gulf Coast has created a new hazard for offshore oil and gas workers, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Water temperatures...
Malaysian Government Takes Share of Shipyard to Advance Delayed LCS Program

Malaysian Government Takes Share of Shipyard to Advance Delayed LCS Program

By The Maritime Executive
August 23, 2023
Boustead Heavy Industries reported that it has agreed to sell a 20 percent stake in its shipyard operation to the Malaysian government as the latest step designed to save a decade-old effort to build...
Equinor Reduces Emissions from Mature Field Using Heat Recovery

Equinor Reduces Emissions from Mature Field Using Heat Recovery

By The Maritime Executive
August 22, 2023
Equinor and partners are planning to use heat recovery to produce electric power and reduce emissions marking the first time the technology has been applied to a mature field in production. The Statfj...
U.S. Approves Revolution Wind to Become Fourth Large, Offshore Wind Farm

U.S. Approves Revolution Wind to Become Fourth Large, Offshore Wind Farm

By The Maritime Executive
August 22, 2023
The Department of the Interior today announced its approval of the Revolution Wind offshore wind farm project which will provide energy to both Connecticut and Massachusetts. This is the Department’s...
AirWing™ Wind Propulsion System Starts Working with Bureau Veritas

AirWing™ Wind Propulsion System Starts Working with Bureau Veritas

By The Maritime Executive
August 21, 2023
[By: GT Green Technologies] Bureau Veritas, a world leader in testing, inspection and certification, is working with GT Green Technologies, a leading-edge developer of wind-based green solutions fo...
Trial of WindWings Begins on Bulker as Cargill Tests Wind Power Technology

Trial of WindWings Begins on Bulker as Cargill Tests Wind Power Technology

By The Maritime Executive
August 21, 2023
Agribusiness giant U.S.-based Cargill reports that it has begun the next in a series of tests on wind-assisted propulsion with the completion of the installation of two BAR Tech WindWings aboard an 80...
Tufton Kamsarmax Bulker Installed With Anemoi Rotor Sails Saves 10% of Fuel

Tufton Kamsarmax Bulker Installed With Anemoi Rotor Sails Saves 10% of Fuel

By The Maritime Executive
August 20, 2023
[By: Anemoi Marine Technologies Ltd] Installation of Rotor Sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier, was completed in Chengxi Shipyard, China, in June 2023. TR Lady is owned by TR Lad...
Floating Offshore Wind Fabrication Plant Takes Shape in Norway

Floating Offshore Wind Fabrication Plant Takes Shape in Norway

By The Maritime Executive
August 20, 2023
Swiss construction company Implenia and Norway’s Windworks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for floating offshore win...

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