Energy projects

News and analysis of energy projects moved via maritime breakbulk, project cargo, and heavy-lift transport

The latest Energy projects News & Analysis

Bidders hold back on first Gulf of Mexico wind lease auction  

Autumn Cafiero Giusti, Special Correspondent | Sep 1, 2023, 1:25 PM EDT

Beyond the supply chain snarls, permitting bottlenecks and high costs that are hampering offshore wind development generally, the Gulf is a less-than-ideal location for offshore wind compared with other parts of the US.
Breakbulk shippingEnergy projectsMarine terminals

Turbulence hampers US wind energy even as development picks up speed

Autumn Cafiero Giusti, Special Correspondent | Aug 25, 2023, 10:26 AM EDT

The wind energy industry must resolve a number of supply chain issues or it has little chance of reaching the US’ 2030 goal for energy generation from onshore and offshore wind.
Breakbulk shippingProject cargoEnergy projects

Cosco to control largest semi-submersible fleet after deal with Guangzhou Salvage

Keith Wallis, Special Correspondent | Aug 4, 2023, 8:00 AM EDT

The joint venture will increase Cosco’s fleet to 18 heavy-lift semi-submersible vessels by the end of 2023.
Project cargoEnergy projects

Softening summer market weighs on Toepfer multipurpose vessel index

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jul 10, 2023, 11:27 AM EDT

Expected demand for wind cargo, among other factors, is still driving underlying optimism in the MPV sector, but a wind turbine tech “arms race” could cast a long shadow.
Breakbulk shippingBreakbulk carriersEnergy projects

Cadeler, Eneti combine to create $1.3 billion wind installation vessel operator

Keith Wallis, Special Correspondent | Jun 16, 2023, 3:53 PM EDT

The merger of wind installation vessel operators Cadeler and Eneti, which already have a combined project backlog worth $1.75 billion, was driven by an expected surge in offshore wind farm projects through 2030, Cadeler CEO Mikkel Gleerup told a webinar Friday.
Breakbulk carriersEnergy projects

Maersk makes ‘gap filler’ move to secure green methanol for new vessel

Greg Knowler, Senior Editor Europe | Jun 12, 2023, 2:28 PM EDT

The deal made by the carrier highlights the challenges of securing the supply of green methanol from a global market that is in its infancy.
MaritimeContainer shippingContainer linesEnergy projects

Diverse players eyeing project forwarding space

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jun 9, 2023, 9:00 AM EDT

Changes at Maersk and Combi-Lift reveal interest in capturing a larger share of the project forwarding market.
Breakbulk shippingProject cargoEnergy projects

First massive offshore wind tower sections delivered to Massachusetts port

Janet Nodar, Senior Editor | Jun 1, 2023, 8:00 AM EDT

Vineyard Wind is one of the first commercial-scale offshore wind projects under construction in the US and at completion will generate some 800 megawatts of power.
Breakbulk shippingEnergy projectsPorts

Hydrogen-driven barge debuts on Europe’s inland network

Greg Knowler, Senior Editor Europe | May 26, 2023, 10:17 AM EDT

The drive to decarbonize European inland transport by switching freight from the road to greener alternatives took a step forward this week.
MaritimeContainer shippingEnergy projects

Hopeful wind OEMs look for rebound after emerging from pandemic

Autumn Cafiero Giusti, Special Correspondent | May 18, 2023, 9:00 AM EDT

Quarterly earnings reports reveal that wind turbine manufacturers are slowly recovering from a pandemic market battering as orders and revenues ramp up.
Breakbulk shippingProject cargoEnergy projects

Breakbulk23: Disruptive ‘trilemma’ shaping global energy investment

Autumn Cafiero Giusti, Special Correspondent | Apr 25, 2023, 12:08 PM EDT

As funding opportunities expand, energy security concerns force investors to reevaluate their priorities, attendees at the Journal of Commerce’s Breakbulk and Project Cargo Conference were told.
Breakbulk shippingProject cargoEnergy projects

Heavy-deck demand faltering, but long-term outlook remains strong

Keith Wallis, Special Correspondent | Mar 20, 2023, 10:40 AM EDT

Despite a temporary lull, heavy-deck carriers and industry analysts see a “mind-boggling” outlook for global offshore wind demand.
Breakbulk shippingBreakbulk carriersProject cargoEnergy projects

EPCs look beyond traditional oil and gas for growth opportunities

Autumn Cafiero Giusti, Special Correspondent  | Mar 1, 2023, 1:50 PM EST

EPC projects drive much of the global demand for project and breakbulk logistics services from carriers, forwarders, and other suppliers.
Breakbulk shippingProject cargoEnergy projectsHeavy-haul transport

Project cargo outlook brightening for Port of New Orleans

Autumn Cafiero Giusti, Special Correspondent | Jan 27, 2023, 10:49 AM EST

Even as breakbulk volumes ebb from their pandemic highs, several mega-projects planned for South Louisiana are expected to keep project cargo moving at the Port of New Orleans.
North American portsBreakbulk shippingProject cargoEnergy projects

Port of South Louisiana buys Avondale terminal as wind cargo boost looms

Autumn Cafiero Giusti, Special Correspondent | Jan 18, 2023, 2:46 PM EST

The acquisition of Avondale by the port comes just as the state of Louisiana readies to auction its first round of offshore wind leases.
Breakbulk shippingProject cargoEnergy projectsNorth American portsBreakbulk ports

Plenty of work in the pipeline for breakbulk carriers, but rates uncertain

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jan 3, 2023, 3:38 PM EST

Project and breakbulk carriers and logistics service providers have a healthy to-do list of energy-related cargo projects ahead of them; now the question is whether rates and availability will return to pre-pandemic levels.
Breakbulk shippingBreakbulk carriersProject cargoEnergy projects

Regulatory support missing in drive to scale up green fuel: Ørsted

Greg Knowler, Senior Editor Europe | Dec 20, 2022, 9:31 AM EST

Danish power company Ørsted says policymakers must provide a regulatory environment that allows companies to commit to the huge investment required in developing shipping’s fuel of the future.
Container shippingContainer linesTrans-PacificAsia-EuropeEnergy projects

US offshore wind push runs into bureaucracy, investment headwinds

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Dec 12, 2022, 2:54 PM EST

Ambitious plans to build offshore wind off the coast of the United States has run up against permitting bottlenecks and a lack of investment.
Breakbulk shippingEnergy projects

Pent-up demand to fuel project logistics volumes into 2024

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Nov 14, 2022, 9:40 AM EST

Two years of pandemic-related oil and gas project delays and cutbacks in global supply due to the Russia-Ukraine war are driving demand for project logistics services in the short and long term.
Breakbulk shippingProject cargoEnergy projects

Lack of infrastructure could stymie global, US wind energy targets

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Nov 11, 2022, 9:30 AM EST

Bottlenecks and a lack of needed infrastructure may put the “aspirational” global offshore wind installation schedule out of reach, an analyst says.
Breakbulk shippingEnergy projectsProject cargo

Policy, pandemic disruption slowing US wind energy development

Chris Barnett | Aug 24, 2022, 3:48 PM EDT

Developers have installed a total of 139 gigawatts of onshore wind energy production across the US, with another 23 GW under construction or in advanced development as of the second quarter of 2022.
Breakbulk shippingProject cargoEnergy projects

Uneasy labor talks put US rail transport of energy-related project cargo at risk

Marco Poisler, COO of global energy and capital projects at UTC Overseas; and Daniel Elliott, principal at GKG Law | Jul 27, 2022, 2:55 PM EDT

The transport of crucial project cargo bound for power generation facilities and renewable energy projects in the US could be stymied by a possible rail strike.
Energy projects

Legislation threatens US offshore wind ambitions

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jul 25, 2022, 12:19 PM EDT

Legislation now under consideration by a Senate committee could put the kibosh on the Biden administration’s ambitious plans to install 30 gigawatts of offshore wind energy by 2030.
Energy projects

Breakbulk demand heating up as spillover market plateaus

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jun 24, 2022, 11:41 AM EDT

Millions of tons of project cargo freight will be moving soon as energy projects, including Qatar’s massive LNG facility, gather steam, logistics executives say.
Project cargoEnergy projects

Maersk unit orders wind installation vessel for US projects

Keith Wallis, Special Correspondent | Apr 1, 2022, 7:00 AM EDT

Maersk Supply Service has ordered a new wind turbine installation vessel to build offshore wind projects on the US Atlantic seaboard.
Energy projects

US offshore wind buildout will require additional assets, labor

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jan 24, 2022, 5:14 PM EST

As the offshore wind buildout gains momentum, logistics providers are adapting European models to meet the specific needs and constraints of the US market.
Energy projects

Seajacks purchase gives Eneti world’s largest wind installation fleet

Keith Wallis, Special Correspondent | Aug 9, 2021, 11:24 AM EDT

Eneti, formerly known as Scorpio Bulkers, is accelerating its transition from bulk carrier to offshore wind specialist with the acquisition of Seajacks International and its fleet of five wind turbine installation vessels (WTIVs).
Energy projects

US Wind to build 1.2 GW off Maryland coast

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Aug 4, 2021, 1:04 PM EDT

A Maryland developer has committed to building a 1.2 GW offshore wind project and a multi-million-dollar monopile manufacturing facility.
Energy projects

DOT grant helps push South Jersey Port wind projects

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Jul 13, 2021, 5:14 PM EDT

The Port of Salem, New Jersey, has been awarded a $9 million federal infrastructure grant to help meet offshore wind logistics and manufacturing requirements.
Energy projects

Cadeler orders two wind turbine installation vessels

Special Correspondent Keith Wallis | Jul 1, 2021, 12:15 PM EDT

Oslo-based offshore wind specialist Cadeler is investing $651 million in new turbine installation vessels as the global offshore wind industry gains traction.
Energy projects

Green energy boom to feed heightened logistics demand

Eric Johnson, Senior Technology Editor | May 27, 2021, 11:53 AM EDT

Demand for commodities that feed the green energy transition is expected to spike this decade, and that will have an impact on project logistics associated with mining and transporting those materials.
Energy projectsProject cargo

Eneti  investing in wind turbine installation vessels  

Special Correspondent Keith Wallis | May 17, 2021, 3:43 PM EDT

The former bulk carrier Eneti has contracted with a Korean ship builder for up to two wind turbine installation vessels and is in talks with US builders about a Jones Act-compliant WTIV to serve a budding US market.
Energy projects

Siemens Gamesa reports loss even as wind backlog jumps

Special Correspondent Chris Barnett | May 13, 2021, 4:38 PM EDT

The ripple effects of COVID-19 and plant-closing costs trigger a quarterly loss for wind turbine manufacturer Siemens Gamesa, but its work backlog provides a bright spot.
Energy projects

Backlogs buoy wind turbine manufacturers despite Q1 losses

Special Correspondent Chris Barnett | May 11, 2021, 5:07 PM EDT

Though posting first-quarter losses, there's no sign of demand relaxing as wind turbine orders expand backlogs for Vestas and GE Renewables.
Energy projects

KBR sharpens focus on energy transition capital projects

Special Correspondent Chris Barnett | May 3, 2021, 12:41 PM EDT

Despite lower total revenues, KBR's green-focused energy strategy boosted earnings per share in the first quarter of 2021.
Energy projects

Oil price recovery spurs rebound in energy project cargo

Special Correspondent Keith Wallis | Apr 23, 2021, 10:24 AM EDT

Energy cargo is recovering a year after the pandemic-fueled crash in oil prices, just as the breakbulk carrier market heats up.
Breakbulk carriersEnergy projects

Industry encouraged by renewed push for US offshore wind

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Apr 1, 2021, 8:00 AM EDT

The Biden administration's push for offshore wind will jumpstart the industry, but may stymie breakbulk wind imports.
Energy projects

Mining, renewables to usher in next economic cycle for breakbulk sector

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Mar 19, 2021, 1:15 PM EDT

The breakbulk sector is likely heading into a new economic supercycle focused on renewables and metals instead of oil and created by a policy-driven energy transition, rather than by demand-driven commodities growth.
Breakbulk shippingProject cargoEnergy projects

Jumbo, SAL form JV amid improving MPV/HL outlook

Special Correspondent Keith Wallis | Mar 4, 2021, 2:17 PM EST

A new super-heavy-lift joint venture, if approved, will benefit from an offshore wind market poised to expand through 2050.
Breakbulk carriersEnergy projects

US land-based wind installations boom in Q4 2020

Chris Barnett, Special Correspondent | Feb 9, 2021, 4:18 PM EST

MPV/HL carriers and breakbulk ports benefited last year from record US wind cargoes as expiring tax credits, improved technology, and increasing demand accelerated development
Energy projects