The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $19.6 million in grants to support capital improvements at 28 U.S. small shipyards as a part of its Small Shipyard Grant program. The grants enable small shipyards to modernize equipment and processes to fuel future growth.
Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port.
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC
Aegean Marine Petroleum Network Inc. announced Tuesday that it has filed for chapter 11 bankruptcy protection as the New York listed marine fuel supplier is being investigated to determine whether there was $200 million fraud involving fake transactions with brass-plate companies.Aegean said it has financial support of Swiss strategic partner Mercuria Energy Group Ltd.
The United States is looking for a "pragmatic" approach to the implementation of new marine fuel emission rules that go into effect in 2020, a U.S. Coast Guard official said on Thursday.The United States hopes like-minded countries will put forth a proposal or proposals for a May 2019 meeting of the International Maritime Organization's environmental body, Rear Admiral John Nadeau
Envirocleanse LLC, division of Charter Brokerage LLC, a BERKSHIRE HATHAWAY company, has announced the submission of an application to the US Coast Guard for Type Approval of its patented inTank Ballast Water Treatment System. The Envirocleanse inTank BWTS is the only applicant to date which treats ballast water during the voyage.
More than $20 million in grant funding has been awarded to support capital improvement projects at 29 small shipyards in 22 states across the U.S.The funding, awarded through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program, supports capital improvements that foster increased efficiency and economic growth.
The provider of comprehensive services to oil and maritime companies, Chet Morrison Contractors (Morrison) has acquired two pipelay/construction barges and a saturation diving system from an undisclosed seller in a move to double the size of its pipelay barge fleet.Louisiana based energy services company said in a press release that the first asset it acquired is LB Super Chief
Kenyan islanders have built a boat made entirely of recycled plastic collected during clean-ups of the ocean to highlight the growing menace of plastic waste that ends up in the sea.Last year, the Kenyan government imposed the world’s toughest law against plastic bags, with offenders - including producers, retailers, and ordinary Kenyans - risking imprisonment for up to four years or fines of $40
The Prime Minister of Australia and leader of the Liberal Party Scott Morrison is promising $1 billion to build three naval ships in Western Australia to create 1000 jobs if the coalition wins the election."We will build two mine warfare support vessels and a hydrographic vessel in Perth," he said in an announcement.
Thordon Bearings, the provider of bearing solutions for marine, has signed sales and distribution agreements with St. Petersburg-based Industrial & Marine Projects (IMPRO) and Tallinn’s Marine Ecology Equipment (MEE), in a development that anticipates the introduction of more stringent pollution rules for European waterways.
Tim Kelly has replaced Suresh Jagadesan as the Managing Director of Adriatic LNG, which operates the regasification terminal located offshore from the Veneto coast.Before joining Adriatic LNG, Tim worked as the Marine Operations Manager at ExxonMobil’s gas liquefaction plant in Papua New Guinea.