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
Kirby Corporation (“Kirby”) (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2019 of $47.3 million, or $0.79 per share, compared with earnings of $28.6 million, or $0.48 per share, for the 2018 second quarter. Excluding a one-time charge related to the retirement of Kirby’s Executive Chairman
Every few years I am handed a high-speed container transport proposal. Generally it consists of some type of high speed vessel design that would be able to move containers at high speed and thereby attract a new market by taking a chunk out of the air cargo market and the premium ocean market.
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
Since 2015, CO2 emissions per container transported per kilometer have been reduced by 17%, said CMA CGM Group, the shipping and logistics giant."The Group has achieved a 50% reduction in CO2 emissions per container transported per kilometer between 2005 and 2015. It has achieved a further 17% reduction between 2015 and 2018, in line with its 2025 objective of -30%
Another year; another major fleet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work.“Kirby is definitely the big gorilla in the inland barge market,” affirmed Jefferies analyst Randy Giveans.
Seabed survey and ocean exploration company Ocean Infinity said it has conducted urgent subsea search, inspection and operations on the wreck of the MV Grande America, which sank in the Bay of Biscay on March 12.Grande America capsized and sunk last month after its cargo of containers and vehicles caught fire during a voyage from Hamburg to Casablanca.
The seabed survey and ocean exploration company Ocean Infinity announced that its vessel, Seabed Constructor, sets sail from Cape Town to begin the search for the lost South Korean ship, Stellar Daisy.Stellar Daisy sank on 31 March 2017, with the tragic loss of 22 of its 24 crew. The ship, which was transporting iron ore from Brazil to China
U.S. based Ocean Infinity said it has been awarded a contract from the Government of South Korea to search for the wreckage of lost bulk carrier Stellar Daisy, which sank on on March 31, 2017, with 24 people on board.The Stellar Daisy was transporting iron ore from Brazil to China when it was lost in the South Atlantic Ocean, approximately 2,500 nautical miles due east of Uruguay.
The guided-missile destroyer USS Chung-Hoon (DDG 93) interdicted a shipment of narcotics aboard a stateless vessel while conducting maritime security operations in the international waters of the Gulf of Aden, Dec. 27.Chung-Hoon’s visit, board, search and seizure (VBSS) team seized over 11,000 pounds of hashish while conducting a flag verification boarding.
Fincantieri Bay Shipbuilding delivered an Articulated Tug Barge Unit (ATB) to Kirby Corporation (NYSE: KEX). “This is the third 155,000 barrel ATB it has built for Kirby in the past three years," said Kirby CEO David Grzebinski. "This new Jones Act-compliant ATB unit will allow us to continue our commitment to provide efficient and reliable customer service.
For experts in the field of ocean mapping it is no small irony that we know more about the surfaces of the Moon and Mars than we do about our planet's sea floor."Can you imagine operating on the land without a map, or doing anything without a map?" asked Larry Mayer, director of the U.S.