Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.
U.S. maritime companies Crowley and SEACOR Holdings on Thursday announced the formal launch of their joint venture Fairwater Holdings LLC, an independent U.S. company integrating the firms’ petroleum and chemical transportation vessels, capabilities and personnel.Active in all major Jones Act coastwise tank vessel trades, Fairwater supports the transportation of petroleum products
A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week as planned following a move by the U.S. Federal Maritime Commission to study the potential competitive impacts of the arrangement.The FMC said on Friday it is seeking more information to determine the potential competitive impacts of the proposed Gemini Cooperation
A luxury cruise ship has rescued dozens of migrants who were trying to reach the Spanish Canary Islands in a fishing boat that had stalled in rough seas killing five people, Spanish authorities and the cruise operator said on Thursday.The archipelago has become the main point of entry to Spain for illegal migrants from Africa in recent years, and the route is also the deadliest.
Heavy seas battered the U.S. maritime humanitarian mission to Gaza on Saturday, U.S. Central Command (CENTCOM) said, with four vessels serving a floating aid delivery pier breaking free from their moorings.No injuries were reported and the aid pier remains fully functional, CENTCOM said in a statement, adding that no U.S. personnel would enter Gaza.
Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month.
Trinidad and Tobago has hired two remediation and salvage firms to help clean up an ongoing oil spill off Tobago and salvage the leaking barge, the country's Ministry of Energy said on Tuesday.It has been almost two weeks since the oil spill was first discovered off Tobago's Atlantic coast after a barge ran aground on a reef.
The U.S. Coast Guard was leading an oil spill clean-up in the Gulf of Mexico on Friday, partnering with local and federal agencies and companies after a Main Pass Oil Gathering Co (MPOG) underwater pipeline began leaking.The crude oil pipeline is around 19 miles (30 km) offshore in the Gulf of Mexico, east of Venice, Louisiana, the U.S. Environmental Protection Agency (EPA) said.
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced $8.75 million in grant awards to 15 small shipyards in 12 states through the Small Shipyard Grant Program. The funds will help shipyards modernize, increase productivity, and expand local job opportunities while competing in the global marketplace.
Australia’s NSW Government has put the first of seven new Parramatta Class ferries designed by Incat Crowther into service.The fleet of new ferries, which will service the busy Parramatta River commuter route, are being constructed in Tasmania, Australia by Richardson Devine Marine.
Seventeen people were injured when a Bulgarian cruise ship crashed into a concrete wall in a sluice on the River Danube in the northern Austrian town of Aschach an der Donau, local police said on Saturday.Some 160 passengers were aboard the ship traveling from Bavaria in Germany to the Austrian city of Linz, a spokesperson for police in the nearby town of Eferding said.
Silver Ships, a boatbuilder based in Theodore, Ala., announced the successful completion of reactivation and crew familiarization training for four Coastal Fast Response Boats (CFRBs) recently delivered to the Montenegrin Navy. The training, which spanned two weeks, concluded with a graduation ceremony attended by officials from the Montenegrin Navy, the Ministry of Defense, and the U.S. Embassy.