Maryland gives offshore wind a boost
MAY 12, 2017—Offshore wind on the U.S. East Coast got a big boost yesterday when the Maryland Public Service Commission (MPSC) awarded offshore wind renewable energy credits (ORECs) to two projects to
Offshore
U.K. Chamber of Shipping applauds CPB Jones Act U turn
MAY 12, 2017 — The U.S. domestic maritime industry may be outraged by the U turn made by U.S. Customs and Border Protection on closing Jones Act loopholes, but the U.K. Chamber
Tidewater to file for Chapter 11 bankruptcy
MAY 12, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) plans to file for Chapter 11 bankruptcy protection by May 17. The company said today that it has entered into an
U.S. maritime groups slam CBP U turn on Jones Act letters
MAY 11, 2017 — The Shipbuilders Council of America today joined the Offshore Marine Services Association (OMSA) and the American Maritime Partnership (AMP) in responding the announcement by U.S. Customs and Border
CBP does a U turn on Jones Act letter revocations
MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs
OSV fleet’s DCF value is 2.5 times its market value
MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue
HOS reports red ink first quarter
MAY 4, 2017 — Covington, LA, headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) yesterday reports results for the first quarter ended March 31, 2017. The company recorded a net loss for the first
Environmentalists file suit to block Trump offshore order
MAY 3, 2017 — Conservation and Alaska Native groups today filed a lawsuit against President Trump in federal district court in Alaska. It challenges his decision to eliminate a permanent ban on new
Zinke inks orders implementing Trump offshore plan
MAY 3, 2017 —Secretary of the Department of the Interior Ryan Zinke yesterday used the floor of the OTC event to sign two secretarial orders aimed at unleashing America’s offshore energy potential
New Harvey MPSV: Jones Act debate ender
MAY 2, 2017 — Harvey Gulf International Marine today announced the delivery of the first of two, large capacity Multi Purpose Support Vessels (MPSV) built by Eastern Shipbuilding, Panama City, FL. Harvey