A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according to two analytics firms.The operation appears to be the first known STS transfer of sanctioned Russian LNG, despite Western efforts to curb Moscow's energy revenues over its war in Ukraine.
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand.
Master Boat Builders, Inc. announced the successful launch of the Jill, marking a milestone in its ongoing partnership with Gulf LNG Tugs of Port Arthur, LLC, a joint venture comprised of Bay-Houston Management, LLC; Bay Towing, LLC; Moran Towing Corporation; and Suderman & Young Towing Company.
Master Boat Builders launched the tugboat Jill, marking a major milestone in its ongoing partnership with Gulf LNG Tugs of Port Arthur, LLC , a joint venture comprised of Bay-Houston Management, LLC; Bay Towing, LLC; Moran Towing Corporation; and Suderman & Young Towing Company. Together, the Gulf LNG partners have more than 400 years of experience in ship assist and towage services.
The U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers between the United States and Finland..Contracts were awarded to Rauma Marine Constructions Oy of Rauma, Finland, and Bollinger Shipyards Lockport, L.L.C. of Lockport, Louisiana
Accelleron North America has welcomed Dave Otto as Territory Sales Manager. Dave will lead service sales activities across the eastern United States and the Caribbean, in the power production, cruise, shipping, and gas compression markets, to strengthen customer relationships and support their operational needs.Dave brings more than 30 years of industrial sales experience to Accelleron.
U.S.-based offshore and marine services company Otto Candies has acquired four multi-purpose support vessels (MPSVs) from Harvey Gulf International Marine.The vessels acquired by Otto Candies are the Harvey Blue-Sea, Harvey Sub-Sea, Harvey Deep-Sea, and Harvey Intervention. The value of the transaction was not disclosed.
The Pasha Group, together with The Northwest Seaport Alliance (NWSA), announced Pasha Logistics LLC’s acquisition of certain assets of MacMillan-Piper LLC and Tacoma Transload LLC. The expansion follows the successful completion of an asset purchase agreement with the court-appointed Receiver for GSC Enterprises, Inc.
Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.The oil tankers are critical to Russia's energy and oil sectors
In accordance with a halt work order issued by the US government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project.On 16 April, Empire received notice from the Bureau of Ocean Energy Management (BOEM)
Wärtsilä’s 4-stroke engine-based solution for ammonia fuel now delivers higher than ever levels of efficiency and performance.Following its introduction to the commercial marine sector in November 2023, the ammonia solution has undergone extensive testing to optimize its performance parameters.