“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level.
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to a motion filed by a range of conservation and business groups and coastal
The U.S. Navy has awarded General Dynamics Bath Iron Works a contract to build a fifth DDG 51 destroyer as part of the multi-year award announced in September. General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD).In the most recent multi-year competition, BIW was awarded four ships.
Operational changes keep Jerry F. Costello Lock and Dam open for 17 days longer than typical during high water events.While the record flooding in 2019 disrupted barge traffic throughout the inland waterways in the Midwest for extended periods this spring and summer, a little out-of-the-box thinking helped limit the number of days the Jerry F.
The International Association of Maritime and Port Executives (IAMPE) has announced the latest group of Maritime Port Executives who completed the accredited seminar the week of March 11th at DHS/USCG Headquarters in Washington, DC.The latest class of graduates include LCDR. William Albright, USCG-MPE; Mr. Zach Bonheim-MPE; Cdr. Charles Bright, USCG-MPE; CDR. Bradely Clare, USCG-MPE; LCDR.
Wilson Ship Management, a short sea company working hand in hand with major players within the Norwegian and European industry, has signed an agreement to purchase the two bulk carriers MV Lauren C (2007) and MV Nicole C (2008), both of 5,000 dwt.The vessels are expected to be acquired during the first quarter of 2020. Upon acquisition, both vessels will be given Wilson names.
Eastern Shipbuilding Group, Inc. has announced the launching of the first of two (2) 80’ 5,100 HP Z-Drive Tugs. The C.D. WHITE for Bisso Offshore, LLC, a division of E.N. Bisso & Son, Inc., launched on August 22, 2019. A RAL RApport 2400 Z-Drive Ship-handling Tug design was provided by Robert Allan Ltd located in Vancouver, Canada. The C.D.
Ship management and services major V.Group has signed a contract with Abu Dhabi-based ADNOC Logistics & Services to provide crew management services to 93 offshore support vessels.The ship management company said that to support the contract, and to enable further expansion in the region, it has opened a new Abu Dhabi office, which began operations in early August.
ROVOP, the global subsea robotics specialist, is the latest company to join the ORCA (Offshore Robotics for Certification of Assets) Hub offshore robotics, artificial intelligence and autonomous systems development program. The ORCA Hub is a consortium of five universities – Heriot-Watt University, University of Edinburgh, University of Liverpool
The marine energy storage and battery company Plan B Energy Storage (PBES) and power generation company Sterling and Wilson have announced a strategic partnership agreement.The agreement, which involves Sterling and Wilson acquiring a significant portion of PBES equity, provides a vehicle to stabilize PBES and move the company forward in its marine electric and hybrid energy storage business
Military Sealift Command hosted a ribbon cutting ceremony to signify the opening of its new Center for Excellence located on Joint Base Langley-Eustis, March 25.The Military Sealift Command Center for Excellence provides MSC-centric basic training for newly employed civil service mariners (CIVMAR).
On December 13th, Brazilian company WEG Electric Equipment, and Dutch company Praxis Automation Technology, both leading companies within their respective fields, signed a Memorandum of Understanding (MoU) to support the bid of Damen Shipyards Group and Saab for the construction of four corvettes for the Brazilian Navy.