America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of
Offshore vessels owner Tidewater announced on Wednesday that its board has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, replacing retiring President, Chief Executive Officer and director John T. Rynd, effective immediately.Kneen, who has served as Executive Vice President and Chief Financial Officer of Tidewater since Tidewater’s November 2018 business
Crowley Fuels has signed construction contracts to build a 55,000-barrel, articulated tug-barge (ATB) that is specifically designed to serve the Western Alaska market with delivery of clean fuel products.The 410-foot ATB will have enhanced performance features for the demanding river and sea conditions of Western Alaska
The U.S. Great Lakes freighter fleet are well-renowned for being a 'mature' group of ships, a point magnified yesterday when Fincantieri Bay Shipbuilding started construction on the first U.S.-flagged Great Lakes bulk carrier built in more than 35 years. The shipyard and the owner, The Interlake Steamship Company, hosted a ceremonial first-cut-of-steel event Wednesday, August 14
Belgium-based crude oil tanker company Euronav NV has sold its oldest very large crude carrier (VLCC) for conversion into a floating production storage and offloading (FPSO) vessel.The ship owner announced that its subsidiary Euronav Luxembourg has sold the VLCC vessel VK Eddie (2005 – 305,261 dwt) to a global supplier and operator of offshore floating platforms.
Greece-based Onex Elefsis Shipyards announced that it will allocate up to $400 million, over a 15-year period, to purchase and finance the operation of the Elefsina Shipyards, west of Piraeus.The Greek shipyard said that the US investment firm Chatsworth Securities has agreed with it to make an investment, as part of efforts to save the complex from bankruptcy.
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net proceeds from the offering to fund a portion of the aggregate purchase price of up to six modern high-specification Ultramax vessels and for general corporate purposes, including working capital.
The creditors of indebted French marine services company Bourbon reached a restructuring deal that would give them control of the company, protect jobs and draw new liquidity.Bourbon has been hurt by market overcapacity and a fall in spending on services by upstream oil and gas companies, but the deal with its creditors lifted its shares.
Neo-Panamax container vessels experienced increased activity during the first quarter of 2019, compared to the fourth quarter of 2018, said Capital Product Partners.While charter rates for feeder and panamax vessels remained relatively flat due to, among other things, the overhang of idle tonnage, charter rates for Neo-panamax vessels, especially 8,000 TEU designs or larger, saw marked increases
A cruise industry veteran of more than 25 years, Nikolaos Doulis, Lindblad Expeditions’ SVP, New Buildings, discusses with Maritime Reporter & Engineering News the build plan for “the best expedition cruise ship ever built.”Born in Greece to a seafaring family, Nikolaos Doulis was destined for a maritime career.
BAE System’s San Diego yard is a critical player in keeping U.S. Navy ships operatingWalk with David M. Thomas, Jr., VP & GM, San Diego Ship Repair, BAE Systems, and a few things become immediately clear: Dave Thomas is passionate about cleanliness and order, as the San Diego yard is compact and bustling with work, yet impeccably clean.