Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
This week, U.S. Federal Maritime Commissioners Daniel B. Maffei and Carl W. Bentzel sent letters to the Governors of major port states urging them to prioritize the vaccination of the maritime workforce to protect the nation’s supply chain.Letters were sent to the Governors of Alabama, California, Florida, Georgia, Louisiana, Maryland, New York, New Jersey, South Carolina
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was the first to report on the incident on Wednesday, "a major rescue operation has been ongoing overnight," when the 228 meters drillship, Valaris DS4, broke free and started drifting without power.
The first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years was launched at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis. on December 17.Scheduled for completion in mid-2022, the Interlake Steamship Company's new River-Class, self-unloading bulk carrier Mark W. Barker is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983.
Ferry firm Stena Line’s role in the roll-out of Pfizer’s COVID-19 vaccine is going well, and the firm is prepared to deal with any eventuality of Brexit trade talks, the company’s Brexit chief said on Friday.“We have trust and confidence in the government to use these last few days (of Brexit talks) wisely...
The Maritime Administration (MARAD) has taken several steps to streamline and simplify the Federal Ship Financing Program under Chapter 537 of Title 46 of the U.S. Code (commonly referred to as Title XI). The Title XI program provides for a full faith and credit guarantee by the United States government to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards.
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.The use of so-called floating storage onboard tankers comes as traditional onshore storage remains close to capacity as supplies outpace demand.
U.S. authorities in San Juan, Puerto Rico seized $27 million of undeclared currency found inside boxes aboard a cargo ship bound for St. Thomas, U.S. Virgin Islands.Customs and Border Protection (CBP) officers seized the vacuum-sealed cash packs on board the vessel Norma H II during a joint investigation between CBP, the Drug Enforcement Administration (DEA)
A keel laying ceremony on Tuesday marked the official start of assembly on the first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years.During the ceremony held by The Interlake Steamship Company and Fincantieri Bay Shipbuilding, (FBS) the keel was laid within the shipyard’s large graving dock in Sturgeon Bay, Wis.
Royal Caribbean Cruises on Wednesday launched a $3.3 billion bond offering, pledging 28 of its ships as collateral and forecast heavy losses for the first quarter as the COVID-19 pandemic brings the sector to a virtual standstill.Royal Caribbean, which was forced to suspend its cruises globally and cut about 26% of its U.S.
Metal Shark announced Monday its Bayou La Batre, Ala. shipyard has delivered its first newbuild, a 120’ x 35’ river towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La.The four-decked, welded-steel, USCG Subchapter “M”-compliant towboat Stephanie Pasentine, which bears the distinction of being Louisiana-based Metal Shark’s first-ever steel newbuild and also its first inland