Greek shipping company Capital Product Partners has agreed to spin off its crude and product tanker business and merge it with the tanker businesses owned by DSS Holdings.The $1.65 billion transaction involving 68 tankers is expected to create the third largest publicly traded MR and product fleet in the world
Mississippi shipbuilder VT Halter Marine, Inc. said it has secured a new contract to build an articulated tug barge (ATB) tug with an option for a second vessel for Bouchard Transportation Co., Inc.Construction of the new vessel, M/V Evening Stroll, begins immediately at the builder’s Pascagoula, Miss. shipyard, with delivery scheduled for December 2019.
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.
Divers on Friday pulled the last four bodies from the wreckage of a "duck boat" that sank in a storm in a Missouri lake, killing 17 people in one of the deadliest U.S. tourist incidents in recent years.The World War Two-style amphibious vehicle was filled with 31 passengers including children when a microburst storm hit Table Rock Lake outside the tourist city of Branson, Missouri, on Thursday.
Estern Shipbuilding Group announced it has signed a new contract with Bisso Offshore, LLC for the construction of two Robert Allan Ltd. RApport 2400 Ship Handing Tugs with escort capability. The deal was signed on May 31, 2018.Bisso Offshore is one of Eastern’s long term customers and has taken delivery of four previous modern Z-drive tugs from Eastern since 2006.
New Orleans based E.N. BISSO & SON, INC. announced it has acquired fellow harbor tug serves provider PETCHEM, INC. of Port Canaveral, Fla., effective June 27, 2018.PETCHEM’s business at Port Canaveral, which includes three tugs and has been active since 1984, will continue to operate as PETCHEM, INC. with all staffing, personnel, equipment and service commitments unchanged.E.N.
Breaking new ground: the all-electric, zero-emissions Future of The FjordsNorwegian cruise vessel offers amazing tourist experience while protecting fragile UNESCO World Heritage environmentFuture of the Fjords, the world’s first all-electric and completely emissions-free ship, launched in April this year by Norwegian tours operator The Fjords
Divers and an underwater drone on Wednesday joined a fleet of rescue vessels in Indonesia's search for at least 192 passengers missing two days after an overcrowded wooden ferry sank in one of the world's deepest volcanic lakes in Sumatra.Authorities are unable to confirm how many were aboard when the vessel sank on Monday in bad weather, since it did not have a manifest.
On February 14, 2018, Senator Mitch McConnell (R-KY) received Waterways Council, Inc.'s (WCI) 17th Annual Leadership Service Award for his strong and continued leadership on ports and inland waterways issues. He was presented the award by Stephen Little, Chairman of Crounse Corporation.
Methane Spirit, a liquefied natural gas tanker, said on Thursday it would arrive at Dominion Energy Inc's Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data. If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion said it expects to enter service in March.
It has been quite awhile since the global bulk carrier market has had much to cheer about, but U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output
The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map showed, with the facility expected to enter service by the end of the year. Cove Point will be the second large LNG export terminal in the lower 48 U.S.