April 2025
Our April issue of Marine Log is now available, and we’ve packed it with insights into some of the most pressing issues facing the offshore maritime industry today.
offshore wind
Op-Ed: Offshore maritime insurance amid climate change
By Robert Mackay, Business Development Lead, FDR The maritime industry is facing escalating climate-related challenges. The rising frequency and severity of extreme weather events, such as hurricanes and typhoons, profoundly affect offshore
Tidal Transit secures equity funding to build six new e-CTVs
U.K.-based offshore wind crew transfer vessel specialist Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (e-CTVs). It
Offshore wind: World’s largest HLV will feature Ulstein U-stern
Japan’s Penta-Ocean Construction has signed a shipbuilding contract with Seatrium covering the construction of what it says will be the world’s largest heavy lift vessel. To be used for the installation of
Trump executive order pauses offshore wind leasing
Among the slew of executive orders signed by President Donald J. Trump yesterday was one announcing a “temporary withdrawal of all areas on the Outer Continental Shelf from offshore wind leasing and
Bibby Marine finds new builder for its eCSOV
In what it calls an “amicable move away” from the original shipbuilder, Spain’s Astilleros Gondan, Liverpool-headquartered Bibby Marine has signed a new shipbuilding contract with another Spanish shipyard to build its innovative
Van Oord takes delivery of giant jack-up WTIV Boreas
Rotterdam-headquartered Van Oord has now accepted delivery of the mega wind turbine installation vessel (WTIV) Boreas in a ceremony at the Yantai CIMC Raffles Offshore Ltd. shipyard in China. The Boreas, named
BOEM takes a step forward on Guam offshore wind
The Bureau of Ocean Energy Management (BOEM) has published a Call for Information and Nominations (Call) for possible wind energy leasing off the coast of the U.S. Pacific Territory of Guam. The
Equinor secures $3 billion in project financing for Empire Wind 1
In a sign that lenders have not soured on U.S. offshore wind, Equinor reports that its Empire Wind 1 project has now secured a project financing package of over $3 billion. Financial
Ulstein Verft begins outfitting first BS Offshore SX222 CSOV
The hull of the first of two Twin X-Stern commissioning service operation vessels under construction for Bernhard Schulte Offshore (BS Offshore) arrived at Ulstein Verft in Norway on Dec. 18, 2024. This