With uncertainty surrounding business in general, and specifically the future shape and form of the cruise industry, it was announced the the establishment of the new cruise terminal in Copenhagen is postponed indefinitelyA very significantly changed cruise market, due to the crisis with the coronavirus pandemic
The Independence-class littoral combat ship - the future USS Oakland (LCS 24) - has completed acceptance trials in the Gulf of Mexico, shipbuilder Austal has informed.The LCS 24 is the 12th Independence-class Littoral Combat Ship (LCS) built by Austal USA in Mobile, Alabama for the United States Navy (USN).
Dozens of tankers holding jet fuel and gasoline are at anchor in sea lanes around Europe's main storage hubs, unable to discharge their cargoes as onshore tanks are full to capacity following the collapse in demand linked to the coronavirus crisis.Nearly 1 million tonnes of refined products are parked on around 30 tankers off Europe's coast, Reuters calculations found.
Hedge fund managers sensed oil prices were nearing a turning point last week, and for the first time in more than two months started to add long positions in anticipation prices would bounce from an unsustainable low.Overall, hedge funds and other money managers were still net sellers of 19 million barrels of petroleum in the six most important futures and options contracts in the week ending on
Bouchard Transportation Co. reports all back pay has been processed as the company continues to work to raise capital that would allow it to return its vessels to service, the company's president and CEO Morton S. Bouchard III said Tuesday in a letter to staff, customers and vendors.The full letter is below:To Bouchard Transportation Co., Inc.
The U.S. Coast Guard said it is pursuing enforcement action against Bouchard Transportation Company after the shipping company failed to comply with a captain of the port order for one of its two vessels anchored in the Marine Safety Unit Port Arthur, Texas, area of responsibility.According to the Coast Guard, tugs Kim M. Bouchard and Danielle M.
The future USS Delbert D. Black (DDG 119) completed builder’s trials February 22 after spending three days underway in the Gulf of Mexico, the U.S. Navy said. The trials were conducted by the shipbuilder, Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division.The ship was previously underway for Alpha trials in December, and will be underway again in March for acceptance trials
Siem PCTCs sport MAN ES engines, turbochargers and propellers -- Each ship is estimated to cut CO2 emissions by up to 25%, NOx by up to 30%, particulate matter by up to 60%, and SOx almost completely.Siem Confucius and Siem Aristotle are the names of the new pure car truck carriers (PCTCs), significant in that they are the world’s first trans-Atlantic PCTCs to operate full-time on LNG.
“The decrease in state spending on higher education is what keeps me awake at night” is how RADM Michael Alfultis, President, SUNY Maritime College, neatly summarized the biggest challenge he faces as the leader of one of the U.S.’ leading maritime universities. “With a small student body (about 1700), the numbers simply don’t work
Divers searched for more bodies early on Tuesday around the wreck of a boat destroyed by a blaze off the coast of southern California, as authorities launched an investigation into one of the area's worst maritime disasters.Emergency crews found at least 25 bodies after the fire broke out before dawn on Monday, leaving nine people still missing, the Associated Press reported.
Derecktor is a diverse boatbuilding organization, with a multitude of yards and long experience building hundreds of yachts, workboats and military craft. Its shipyards today include:• Robert E. Derecktor: The company headquarters located 25 miles north of Manhattan in Mamaroneck, NY, and the original Derecktor yard.
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.