Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10.17 per share, or 0.
Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week, a company linked to billionaire Elon Musk bought two deepwater semi-submersible drilling rigs last year, with plans - reportedly - to convert them into floating launch pads for Musk's SpaceX rockets.
M.A.R.S. Europe said it has been awarded a contract by Teekay Petrojarl Floating Production UK Ltd. for dismantling and recycling of the Petrojarl Banff floating production, storage and offloading unit (FPSO). The deal includes engineering, preparation, dismantling and green recycling of the long-serving floater.Teekay's Petrojarl Banff FPSO is expected to arrive at M.A.R.S.
Salvage crews completed cutting operations to separate the stern section from the Golden Ray wreck in St. Simons Sound, Ga., on Saturday night, and the giant piece of the overturned car carrier will be craned onto a barge and hauled away for recycling.Once lifting preparations conclude
Marine salvors on Wednesday outlined plans to recover the Marconi wireless telegraph from inside the RMS Titanic after being cleared by a U.S. judge in May to retrieve a piece of history from the world's most famous shipwreck.Originally scheduled to embark on the mission to recover the system this summer
Carnival Cruise Line has said that the delivery of its new ship Mardi Gras, the first LNG-powered cruise ship to operate in the Western Hemisphere, will be delayed due to COVID-19. The same goes for Carnival's Carnival Radiance ship. The company has also been forced to cancel several itineraries between November 2020 and May 2021.
Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand.Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports, because they pump most of the mid-sour crude exported from the terminal.
ST Engineering North America, Inc. announced Monday that Robert "Bob" L. Merchent has been named President and CEO of VT Halter Marine, Inc. He replaces outgoing President and CEO, Ron Baczkowski.Much of Merchent's career was spent at Ingalls Shipbuilding, where he advanced through multiple positions of ever-increasing responsibility, leading programs critical to both the business and the U.S.
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago
Several companies within Japan's NYK Group have partnered to test the remote navigation of a tugboat in Tokyo Bay.The tugboat, operated by NYK's Shin-Nippon Kaiyosha Corporation, was equipped with a manned remotely controlled system and put to the test by NYK and its group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS).
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transportation intermediaries, including Customs brokers in certain circumstances and still be compliant with the “reasonableness” requirement of 46 U.S.
A new project, FLO-MAR, has attracted funding from MarRI-UK’s Clean Maritime Call to assess the feasibility of using flow batteries in vessels to enable zero-emission marine propulsion and auxiliary power. Four UK organizations will work together on the project to investigate how the design of electric and hybrid ships, from ferries through to tugs and wind farm vessels