U.S. Wind Farm Set for 2016

By MarEx 2015-08-11 13:47:40

The Department of Energy announced that the U.S. windfarm capacity has grown by eight percent since 2014 bringing the total capacity to 66 gigawatts. Today, about five percent of U.S. households are powered by wind energy.

Construction began last month on the Rhode Island’s Block Island windfarm, which will be a 30 megawatt farm that will be able to provide power up to 17,000 households. The U.S. is now second in the world behind the UK in wind generated capacity.

Harnessing offshore wind power has been an energy issue since the first wind project was installed off the coast of Denmark in 1991. Europe has lead the way in the sector thus far, but with 53 percent of its population living in coastal regions, expanding offshore projects is a high priority in the U.S.

Wind power is an important element of the Obama Administration’s energy strategy and Clean Power Plan, which aims to reduce climate-changing carbon pollution and diversifying the nation’s energy economy.

The DOE’s report also stated that wind energy prices are at their lowest ever, and that the U.S. will continue to invest in the production of renewable energies.

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Indonesia to Sink 70 Captured Vessels

By MarEx 2015-08-11 13:43:21

Indonesia demands its sovereign waters be respected. The country, which is celebrating its 70th year of independence plans to make a statement by sinking 70 vessels captured in poaching in its waters.

Indonesian Navy will sink the 70 vessels on August 17th as the nation celebrates. It will be the largest public vessel sinking. In May, the government sank 41 vessel caught poaching. Indonesia caught 92 foreign vessels since January. The mass sinking included a Chinese vessel as well.

The country’s President Joko Widodo, who was elected last year, is taking issue with illegal poaching and fishing in the nation’s waters. Widodo instituted Sink The Vessels policy soon after his election saying Jakarta would no longer tolerate the invasion of more than 5,000 ships illegally operating in its territorial waters, which is estimated to cost the national about $20 billion.

Indonesia has the approval of the United Nations to sink foreign poachers under the Law of the Sea, but also has the right to manage its sovereignty waters. Indonesia has been asserting its leaderships in the Association of Southeast Asian Nations (ASEAN).

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Sinking Captured Foreign Vessels

By MarEx 2015-08-11 13:43:21

Indonesia demands its sovereign waters be respected. The country, which is celebrating its 70th year of independence plans to make a statement by sinking 70 vessels captured in poaching in its waters.

Indonesian Navy will sink the 70 vessels on August 17th as the nation celebrates. It will be the largest public vessel sinking. In May, the government sank 41 vessel caught poaching. Indonesia caught 92 foreign vessels since January. The mass sinking included a Chinese vessel as well.

The country’s President Joko Widodo, who was elected last year, is taking issue with illegal poaching and fishing in the nation’s waters. Widodo instituted Sink The Vessels policy soon after his election saying Jakarta would no longer tolerate the invasion of more than 5,000 ships illegally operating in its territorial waters, which is estimated to cost the national about $20 billion.

Indonesia has the approval of the United Nations to sink foreign poachers under the Law of the Sea, but also has the right to manage its sovereignty waters. Indonesia has been asserting its leaderships in the Association of Southeast Asian Nations (ASEAN).

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DSME to sell non-core affiliates

Daewoo Shipbuilding & Marine Engineering (DSME) is to dispose of affiliates that are not related to shipbuilding and offshore plant construction. The shipbuilder also plans to sell its headquarters in Seoul, South Korea.
DSME’s CEO Jung Sung-Leep announced the restructuring at a meeting on 10
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Hijacked tanker found off Malaysia

A missing Singapore-flagged vessel has been found off Malaysia with all nine crew members accounted for after reportedly being hijacked.
The 3,465 dwt tanker Joaquim had been found about 13.7 n miles off Tanjung Keling, Malaysia, in 9 August 2015 with its oil cargo missing, according to a press
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Crane giants confirm merger plans

Finland’s Konecranes and US heavy equipment maker Terex have announced they will merge by the first half of 2016. Described as “an all-stock merger of equals” the new company, Konecranes Terex (KT), will have a significant role to play in the port handling equipment solutions sector.
The new
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