Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital
Norwegian shipbuilder Havyard has christened the first battery-powered ferry ordered by transportation company Fjord1. The christening ceremony for MF Husavik was held at the yard in Leirvik in Sogn on May 14. "Havyard has met some very stringent environmental requirements and won a total of 13 contracts for the delivery of both equipment for and the building of Fjord 1's battery-powered ferries
Located at the confluence of the Tennessee-Tombigbee Waterway, the Ohio River and the Cumberland River and just upstream from the Mississippi, the City of Paducah is an important hub in the inland waterways network. In 2015, newly appointed Paducah-McCracken County Riverport Authority Executive Director Bill Miller’s first priority was to upgrade the port’s infrastructure.
Chauffeured around in a sleek black pick-up, the head of Venezuela's oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. Flanked by other trucks carrying security guards, Quevedo passed a handful of workers waiting by an oil well cluster.
Plans for America’s first floating offshore wind farm are taking shape with the news that California’s Redwood Coast Energy Authority (RCEA) has selected a consortium to enter into a public-private partnership to develop the project off the Northern California coast. The consortium is comprised of Principle Power Inc., EDPR Offshore North America LLC, Aker Solutions Inc., H. T.
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River. The St. Louis Regional Freightway
Friedman is Port of Cleveland's President & CEO. At its 2018 Spring Conference on March 20, the American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—elected William D. Friedman, president and chief executive officer for Northeast Ohio’s Cleveland-Cuyahoga County Port Authority
The largest ever containership to call at the port on the Elbe berthed in Hamburg early on Thursday morning, March 15. The oceangoing giant CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg's HHLA Container Terminal Burchardkai (CTB) where it will discharge approximately 7,000 TEU and load 4,000.
The U.S. Navy said it has contracted a research vessel owned by Microsoft co-founder Paul G. Allen to survey the location of a downed C-2A Greyhound plane before attempts are made to recover the aircraft from 18,500 feet below the surface in the Philippine Sea. The C-2A Greyhound was transporting 11 crew and passengers when it crashed into the ocean on November 22, 2017, killing three.
At least 15 people were injured when a fire engulfed a boat off the coast of Florida on Sunday, causing the 50 people aboard to jump into the Gulf of Mexico and swim to shore, local officials said. A preliminary investigation showed the fire broke out at about 4:17 p.m. EST from an apparent engine issue, said Shawn Whited, division chief with Pasco Fire Rescue.
The U.S. Coast Guard is coordinating search efforts for a missing man after an explosion on an oil platform in Lake Pontchartrain near Kenner, La., Sunday evening. Coast Guard Sector New Orleans received a report from a witness at approximately 8 p.m. of an oil platform explosion. The cause of the incident is unknown.
Because any port is only as efficient as its weakest link, so-called P3 funding will be the key to driving the future intermodal equation. Seaport and marine terminal finance draws from a wide range of funding sources, often combined to pay for a particular project. Ports are public goods, and as such, sometimes they also see varying contributions from federal, state