Offshore wind activity on US East Coast to drive newbuild vessel demand
From Seatrade Maritime News & Barry Parker
As offshore wind activity increases along the US East Coast, a big ramp-up in port activity is expected; there is already evidence of this at ports in Massachusetts and Rhode Island. With this will come a demand for newbuild heavy lift vessels installation vessels specifically for the wind energy trades.
The Washington, DC office of law firm Blank Rome, in a recent briefing to clients regarding the 2019 Coast Guard Authorization Act (CGAA), now under discussion in Congress, stressed the importance of this Act for the offshore sector. Of particular concern is the availability, or not, of Jones Act qualified installation vessels, as well as cable laying and repair vessels.
Tags: Aurora News, Aurora Project, Barry Parker, Blank Rome, Jones Act, Offshore Wind Vessel, Ray Dean, Seatrade Maritime News
“Ancillary vessel demand follows the serial nature of manufacturing.”-Ray Dean