The Commandant of the United States Coast Guard delivered his first State of the Coast Guard address Thursday at Coast Guard Base Los Angeles-Long Beach in San Pedro.Speaking from the largest port in the nation, Adm. Karl Schultz highlighted Coast Guard security and marine safety operations, which facilitate $4.6 trillion in annual economic activity.
Mitsubishi Shipbuilding held a christening ceremony on February 21 for the next-generation LNG (liquefied natural gas) carrier currently under construction for Mitsui & Co., Ltd.The new ship, named Marvel Crane, is a design that significantly improves both LNG carrying capacity and fuel performance due to the adoption of efficient hull structure and hybrid propulsion system.
The exposure of five Philippine banks to financially distressed Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil), which recently declared bankruptcy after it defaulted on over $400 million in loans, could put pressure on their credit ratings.Their exposure to what may well be the largest corporate default in Philippine banking history may put pressure on the credit ratings of
Pacific Breeze, a 182,000 cu. m. capacity LNG carrier, is the world’s largest MOSS type LNG carrier ever constructed, built at Kawasaki Heavy Industries, Ltd., Japan (KHI). This capacity was achieved by extending the equatorial ring section of No. 3 and 4 cargo tanks by 1.6m in height from the conventional spherical shape, which increases approximately 5
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore.Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S.
A first-of-its-kind floating ocean cleanup system is undergoing a final round of testing before it begins removing plastic pollution from the Great Pacific Garbage Patch halfway between Hawaii and California.The system developed by the Dutch nonprofit The Ocean Cleanup was launched from San Francisco Bay on September 8 and towed 350 nautical miles by the vessel Maersk Launcher to an offshore
Responders are working to remove fuel from the tanks of a 56-foot commercial fishing vessel that ran aground near California’s Monterey Bay National Marine Sanctuary on Sunday.The grounded vessel, Pacific Quest, is broken up and beached near Seymour Marine Discovery Center in Santa Cruz., with a maximum potential capacity of 1,200 gallons of diesel on board, according to the U.S. Coast Guard.
The U.S. Navy announced today that three of its Nimitz-class aircraft carriers will conduct homeport shifts.USS Abraham Lincoln (CVN 72), currently located in Norfolk, Va., will rejoin the Pacific Fleet, making San Diego its homeport. Abraham Lincoln, commissioned in 1989, previously served in the Pacific Fleet from 1990-2011 before moving to Norfolk for midlife refueling.
In 1975, tugboats Bouchard Boys and Evening Light enter service, both at 3,900-hp. It was also during this year that Bouchard Transportation Co. formed its long-standing current relationship with Caddell Dry Dock & Repair Co.—a partnership--to this day--is still based on trust, loyalty and family heritage.
In 2015, Bouchard Transportation Co. appointed Brendan J. Bouchard (son of President & CEO, Morton S. Bouchard III) as the company’s VP of Sales & Operations, firmly establishing the fifth generation of the Bouchard family as being an integral part of the Company. Also that same year, BTC christened ATB unit M/V Kim M. Bouchard and B. No. 270 in New Orleans.
In 2014, Bouchard Transportation Co. announces plans to construct two 6,000-hp ATBs: Morton S. Bouchard, Jr. (pictured) and the M/V Frederick Bouchard, which would then enter service in 2016. That same year, the 4,000-hp tug Denise Bouchard enters service. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
Singapore-based Sinanju Tankers Holdings has ordered what it says will be Singapore's first dual-fuel bunker tanker, to be powered mainly by liquefied natural gas (LNG). Sinanju said in a statement on Monday it ordered the vessel through its project partner Mitsui & Co (Asia Pacific), a unit of Japan's Mitsui & Co, without disclosing how much the tanker will cost The tanker