The U.S. Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?As a regulatory entity, the Coast Guard conducts marine inspections on vessels entering United States ports to make sure the vessels do not pose a safety, security, or environmental threat to the country. With 90 percent of U.S.
Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three MEGI LNG carriers and two X-DF LNG carriers.According to a release from the shipping company, that owns and operates LNG carriers, and floating storage and regasification units
The U.S. Navy’s newest aircraft carrier has returned to Huntington Ingalls Industries’ Newport News Shipbuilding division for 12 months of modifications, upgrades, system improvements and repairs.On Sunday USS Gerald R. Ford (CVN 78) was moved to the shipyard’s Pier 3, where it will undergo a maintenance period typical of newly delivered warships.The $13 billion USS Gerald R.
Largest Containership Built in U.S. Will Serve Hawaii. Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30. The new vessel is named 'Daniel K.
Mr. Jacques R. Saade, founding president of the CMA CGM Group, died on June 24, 2018 at the age of 81, according to the company. Jacques R. Saadé dedicated his life to CMA CGM. An extraordinary visionary and entrepreneur, he made the group into a world leader in the maritime transport of containers, developing the company in more than 160 countries
On Saturday, June 16, 2018, Webb Institute awarded 21 Bachelor of Science degrees at its 122nd Commencement Ceremony. Each graduating student received a dual degree in Naval Architecture and Marine Engineering. Webb’s commencement ceremony included inspirational remarks from Webb’s President R. Keith Michel and keynote speaker, Dr. Kirsi K.
The U.S. Coast Guard received a report of a generator fire aboard a 1,013 foot bulk carrier freighter in Lake Superior, at 4:20 a.m. Monday.The master of motor vessel Paul R. Tregurtha reported the fire extinguished at 5:30 a.m. and stated that there were no injuries or pollution, and all 23 crewmembers are accounted for.
The third generation of the Bouchard family continues within the family business as Buster’s sons Morton S. Bouchard Jr. and Frederick E. Bouchard join the company as Dispatchers in 1955. It was also during this time that Bouchard Transportation Co. furthered the tugboat side of its business with the construction of the Evening Star.
R.W. Fernstrum & Company, a leading manufacturer in marine heat exchangers, received ISO 9001:2015 certification following an audit performed by Verisys Registrars in May. The scope of Fernstrum's registration includes the engineering, design, manufacturing, and sales of heat exchangers for marine and industrial applications.
Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, oil rig builder Lamprell Plc said in a statement on Friday. The joint venture, International Maritime Industries (IMI), started operations after reaching agreement for a loan from the state-backed Saudi Industrial Development Fund (SIDF), the statement said.
Saudi Aramco and its partners have appointed Fathi K. Al-Saleem as chief executive of a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil. The state-owned oil giant said in a statement on Friday that International Maritime Industries (IMI) had been officially launched in partnership with National
Maritime Reporter & Engineering News, published since 1939, annually prints details on the world’s “Great Ships of the Year.” Here we rank from those selected in the December 2017 edition the top 10 ships of the year, according to the editors. #10 Polaris Highway: K-Line’s new 7