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
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 world’s first large methanol-enabled container ship has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries in Ulsan, South Korea.The 16,000 TEU vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding.
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.
Orient Overseas Container Line Co., Ltd. (OOCL) today celebrated the naming of the company's twelfth 24,188 TEU newbuilding at a ceremony held at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) shipyard. The new vessel, named OOCL Portugal, is the last in the 24,188 TEU eco-friendly mega vessel series.
Six people were rescued after abandoning their fire-stricken fishing vessel off the U.S. East Coast, Sunday, the U.S. Coast Guard said.At 8:56 p.m., Coast Guard Sector Northern New England command center watchstanders received a mayday call from the 81-foot trawler Three Girls stating that the vessel was ablaze and the captain
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.
General Dynamics Mission Systems has been awarded a $15.9 million contract by the U.S. Navy to develop its Mining Expendable Delivery Unmanned Submarine Asset (MEDUSA) system.MEDUSA is a tactical, clandestine mining system using an expendable Unmanned Underwater Vehicle (UUV) that can be launched from a submarine torpedo tube. The U.S.
The United States' Secretary of the Navy Carlos Del Toro on Monday announced a federal, state and local partnership intended to help rebuild the maritime industrial base workforce required to support the Navy.The so-called Michigan Maritime Manufacturing Initiative (M3) will establish training pipelines and programs to meet the Navy’s need for thousands of new workers and jobs across the state