Tuesday, May 07, 2024
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Regent

Wing-in-Ground Craft Startup Regent Secures $300M Leasing Deal

Published May 6, 2024 6:58 PM by The Maritime Executive

Regent, the manufacturer of a line of battery-electric wing-in-ground craft, has secured a $300 million purchase-and-lease agreement with green shipping finance company Monte Maritime.  Regent's WIG craft - which it calls a "seaglider" (no relation to the class of autonomous submersibles) - is an increasingly popular option for sustainable coastal travel. Regent has sold over 600 units of its popular Viceroy model, and more sales are coming in all the time, says Adam Triolo, VP of Commercial Business Development at Regent....

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offshore wind farm

Ireland Releases Draft Plan for South Coast Offshore Wind Farms

Published May 6, 2024 6:57 PM by The Maritime Executive

  Ireland released a draft of its plan to designate four areas off the south coast for offshore wind projects and proceed to auctions. It follows the successful first offshore auction in May 2023 where over 3 GW of capacity was procured from four offshore projects. The Minister for the Environment, Climate and Communications, Eamon Ryan, released the plan on May 3 highlighting that it is Ireland’s first-ever spatial plan for renewable energy at sea. The draft South Coast Designated...

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offshore power

Montrose is Scotland’s First Port with Shore Power for Energy Sector's OSVs

Published May 6, 2024 6:22 PM by The Maritime Executive

  The port of Montrose, located on Scotland’s eastern coast north of Edinburgh and Dundee, became the first Scottish port to provide shore power service for offshore energy supply vessels. The Montrose Port Authority used a self-funded joint venture with Plug Shore Power to achieve this milestone in its ambition of becoming Scotland’s first carbon-neutral port. The port authority highlights the importance of reducing emissions from vessels and specifically at dock ships. They cite data from the UK’s Department of...

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Mideast Marine

ITF Calls Out "Worst Case of Seafarer Abandonment Ever Seen"

Published May 6, 2024 5:49 PM by The Maritime Executive

The International Transport Workers' Federation has identified another Mideast vessel operator that has allegedly abandoned multiple ships and their crews, without supplies or wages. According to ITF, the parties that would ordinarily take responsibility - the owner, flag state, or the nation of ownership - have not stepped forward to help.  According to ITF, the UAE-based shipowner Middle East Marine LLCd has had 17 abandonment cases since late 2022, in locations across South Asia. The agency says that it has responded...

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MORE STORIES BY CATEGORY

Offshore

French escort in Red Sea

Houthis Launch New Round of Attacks on Merchant Ships

  The Houthi rebels in Yemen conducted a new series of launches according to reports from the military forces in the Red Sea. The latest action appeared to come hours after the news of Israel’s actions around the southern Gaza city of Rahaf and following the threats by the Houthi to expand their attacks on commercial shipping in response to such an action. The master of an unidentified merchant ship reported two explosions in “closet proximity” to his vessel this...

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Shipbuilding

Damen Marine Components

Improving Vessel Performance with Damen Marine Components

  In the vast expanse of maritime industries, efficiency and precision are paramount. Whether navigating the bustling waterways of trade or charting courses through the open sea, every vessel relies on the reliability and innovation of its components. Damen Marine Components (DMC) is a global leader dedicated to enhancing marine performance through cutting-edge technology and unwavering commitment to excellence. DMC designs and manufactures a range of premium systems that are vital for a vessel’s performance, no matter in which market...

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Environment

BV

Energy Insetting is the Key to Unlock the Potential of Future Fuels

  The maritime industry is facing an ever-tightening regulatory environment in its efforts to achieve its ambitious net-zero target by the middle of this century. For meaningful progress to be achieved, the industry needs two things: practical solutions, together with a detailed understanding of the actual impact of various long and short-term measures on the industry’s future decarbonization pathway. This extends beyond purely technical considerations, encompassing the entire value chain, and accounting...

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Business

Regent

Wing-in-Ground Craft Startup Regent Secures $300M Leasing Deal

Regent, the manufacturer of a line of battery-electric wing-in-ground craft, has secured a $300 million purchase-and-lease agreement with green shipping finance company Monte Maritime.  Regent's WIG craft - which it calls a "seaglider" (no relation to the class of autonomous submersibles) - is an increasingly popular option for sustainable coastal travel. Regent has sold over 600 units of its popular Viceroy model, and more sales are coming in all the time, says Adam Triolo, VP of Commercial Business Development at Regent....

Continue Reading...