Responders are working to minimize environmental damages from a cutter suction dredge that capsized in the Mississippi River near Meraux, La. on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans were notified at 12:50 a.m. that the dredging vessel W.B. Wood capsized in the vicinity of mile marker (MM) 85.
U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters on Tuesday.The 500,000-barrel cargo of Hamaca heavy crude, to be loaded at state-run PDVSA's Jose port, comes from the Petropiar oil joint venture operated by both companies.
Rivers are critical corridors that connect cities and ecosystems alike. When drought develops, water levels fall, making river navigation harder and more expensive.In 2022, water levels in some of the world’s largest rivers, including the Rhine in Europe and the Yangtze in China, fell to historically low levels.
Louisiana-based Bollinger Shipyards announced it has completed its acquisition of Pascagoula, Miss. shipbuilder VT Halter Marine and neighboring repair yard ST Engineering Halter Marine Offshore (STEHMO) from parent company ST Engineering North America, the U.S. subsidiary of Singaporean multinational technology, defense and engineering group ST Engineering.
As 2022 moves into its final months, low water levels and drought form the basis of the news impacting inland waterways operators and barge companies. In the first week of October, numerous barges were reported grounded in the Mississippi River, particularly south of Baton Rouge. This has consequences: barge rates jumped 218% in St. Louis, compared to 2021.
Lockport, La. based Bollinger Shipyards announced it has entered into an agreement to acquire Pascagoula, Miss. shipbuilder VT Halter Marine, Inc. and neighboring repair yard ST Engineering Halter Marine Offshore (STEHMO) from parent company ST Engineering North America, the U.S. subsidiary of Singaporean multinational technology, defense and engineering group ST Engineering.
Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from the S$4.
Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern United States and Gulf Coast, U.S. government forecasters said on Thursday.Drought, which currently spans 59% of the country, is expected to continue or worsen in the middle and lower Mississippi River valley as well as in much of the West and the Great Plains
U.S. soybean exports are trailing their normal autumn pace despite rising supplies from an accelerating harvest, as low river levels have slowed the flow of grain barges to export terminals, according to U.S. Department of Agriculture (USDA) data issued on Monday.Corn exports are also lagging their typical harvest-time rate, weekly USDA export inspections data showed.
Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend after dredging operations deepened the shipping channel near Memphis, Tennessee, and near Stack Island, Mississippi, the U.S. Coast Guard said on Monday.The major shipping waterway had been closed to vessel traffic at the two locations since at least last week after several barges and boats
A Valaris drillship hit the Akti bulk carrier ship on Saturday, after breaking free its moorings near the VT Halter Shipyards and Chevron docks in Pascagoula, Mississippi. At around 1:30 a.m. Saturday, Coast Guard Sector Mobile watchstanders received a report from the National Response Center of a collision between two vessels.
Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S.