The American marine economy continues to fuel economic vitality, according to the statistics from the annual Marine Economy Satellite Account (MESA) released in June 2023 by two U.S. Department of Commerce agencies – NOAA and the Bureau of Economic Analysis (BEA). The marine economy contributed a total of $511 billion to the nation’s gross domestic product...Read More

October 31, 2023 marked the official federal government approval of the Coastal Virginia Offshore Wind (CVOW) commercial project – the fifth approval of a commercial-scale, offshore wind energy project since 2021.  The announcement supports the nation’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, following the approval of the Vineyard Wind...Read More

Guice Offshore (GO), widely considered to be the U.S. flag leader in operating dynamically positioned mini supply and medium-sized multi-purpose vessels in the specialty market, has doubled its fleet size and is hiring mariners across the spectrum of duty, from captains to engineers and ordinary seamen, the company announced in March 2023. The Lafayette, Louisiana-based...Read More

A new report released in Dec. 2022 by the Mid-Atlantic Regional Council on the Ocean (MARCO) calculates the contributions of often-overlooked portions of the ocean economy, concluding that regional marine research and education, state expenditures related to the ocean, and coastal electricity production in the mid-Atlantic area support 38,000 jobs and $25.5 billion in annual...Read More

Released Mon., Jan. 23, 2023, the highly anticipated “Supply Chain Road Map for Offshore Wind Energy in the United States” identifies key actions that could help to develop a fully domestic U.S. offshore wind energy supply chain.  It also evaluates how the supply chain can evolve to support the national offshore wind target and position...Read More

Massachusetts offshore wind power is taking the next step toward becoming a reality as a 60-day public comment period opens this week on Dec. 23 to help the Bureau of Ocean Energy Management (BOEM) complete its environmental review of two pending projects by Park City Wind off the coast of Massachusetts. The proposal includes up...Read More