Investment holding company Ocean Wilsons has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday.London-listed Ocean Wilsons, which is the controlling shareholder of shipping firm Wilson Sons, said in a statement it was a "compelling time" for the sale
Crowley has raised the U.S. flag on American Energy, marking the start of operations of the first domestic liquified natural gas (LNG) carrier to transport U.S.-sourced natural gas to Puerto Rico.Crowley and Naturgy have entered into a multi-year agreement that provides for the regular delivery of the U.S. mainland-sourced LNG to Naturgy’s operating facility in Penuelas, Puerto Rico.
A huge fire that erupted early on Tuesday at an oil tank in Venezuela's La Salina terminal operated by state company PDVSA was extinguished on Wednesday, authorities said.The fire broke out during a storm at the facility used by the state oil company near Venezuela's western city of Cabimas to store and ship crude between domestic ports.
“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.ExxonMobil first started producing from the Liza field in the Starbroek Block in late 2019.
DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years.Arbol Grande is a construction and subsea vessel, delivered in 2003 with specifications tailor made for the Mexican market.
Offshore wind developer Corio Generation, a Macquarie Group company, and Brazilian shipyard and marine construction company Estaleiros do Brasil (EBR) have signed a memorandum of understanding (MoU) to explore how EBR’s facilities could support future offshore wind projects off Brazil’s south coast.
The Philippines is exploring the possibility of converting two islands that were once part of a U.S. navy base into a military reservation, its defence department said on Thursday, a move to bolster its presence in waters facing the South China Sea.Grande and Chiquita islands are located in Subic Bay, which was once a sprawling U.S. base until the Philippines rejected a lease extension in 1991.
Svitzer has begun operations in the Port of Itaqui in São Luís, Maranhão, marking another significant milestone in its expansion across Brazil. Over the past nine years, Svitzer has invested more than R$650 million in the country, reflecting its commitment to the Brazilian market and its strategy of delivering safe and reliable marine services to its customers.
An oil spill, which appeared to originate from Venezuela's El Palito refinery several days ago, has contaminated a bay off the country's north-central coast in the Caribbean Sea, five sources told Reuters on Saturday.Biologist Eduardo Klein posted satellite images on X that he said showed an oil slick of about 225 square kilometers (87 square miles) in the Golfe Triste and completely covering
Marine towage provider Svitzer announced it has taken delivery of the final tug in a series of six built for its operations in Brazil.Built by Brazilian shipyard Rio Maguari, the new vessel Svitzer Babitonga is an Azimuth Stern Drive (ASD) tugboat from the 2300 Rampart Series, designed by Robert Allan Ltd. These sister vessels boast a top speed of 13 knots, an overall length of 23.
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers the 200 employees who work at Crowley’s Isla Grande Terminal in San Juan until 2029.