European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations - with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.The agreement still needs approval from all EU governments in a written procedure by Friday.
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.Dozens of ships have been circling off the Iberian coast and in the Mediterranean sea for weeks
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth.If only that were true for everything he buys — but it’s not.Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc, the Minneapolis-based maker of fluid handling equipment such as paint sprayers.
A federal judge in Los Angeles on Friday dismissed the criminal indictment against a dive boat captain charged with manslaughter in the deaths of 34 people when the vessel caught fire and sank off the California coast three years ago.The 75-foot (23-meter) Conception caught fire while most of those onboard were sleeping, killing 33 passengers and a crew member.
The U.S. Navy said it has retrieved a fighter jet that was lost from an aircraft carrier in the Mediterranean Sea last month.The F/A-18 Super Hornet aircraft, which blew off the deck of the USS Harry S. Truman (CVN-75) in "unexpected heavy weather" on July 8, was recovered by a team from Task Force (CTF) 68, Naval Sea Systems Command's Supervisor of Salvage and Diving (SUPSALV), Harry S.
A U.S. Coast Guard cutter was involved in a fatal collision with a small fishing boat Monday afternoon off the coast of Puerto Rico.The 154-foot Sentinel Class fast response cutter Winslow Griesser and the 23-foot commercial fishing vessel Desakata collided, approximately four nautical miles north of Dorado, Puerto Rico.
Remote-controlled cameras will take over responsibility from U.S.-led peacekeepers for ensuring international shipping retains freedom of access to the Gulf of Aqaba, whose coastline is shared by Israel and three Arab nations, officials said.Tiran island, which lies in the straits of the same name at the mouth of the gulf
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:"It is with heavy hearts that we announce the passing of our beloved Captain. Brian, who changed the future of McAllister Towing when he bought the company with his brothers and cousins
The containership Ever Forward has been refloated after more than a month aground in the Chesapeake Bay, near the Port of Baltimore. The Hong Kong-registered vessel was freed around 7 a.m. on Sunday after running aground on March 13 while en route from Baltimore to Norfolk, Va.Salvors removed a portion of the nearly 5
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge of the matter told Reuters.Losing access to refueling points in the Mediterranean Sea poses major logistical problems for Russian oil tankers going from Baltic ports to Asia and also creates safety
The U.S. Coast Guard rescued nine people Thursday from a burning jack-up drilling rig near Sabine Pass, Texas.Coast Guard Sector Houston-Galveston watchstanders received a notification at 12:51 p.m. from the dredging vessel Ohio that the Pride Wisconsin offshore drilling rig was on fire in Sabine Pass with nine people aboard.
U.S.-based seabed survey and ocean exploration firm Ocean Infinity has hired VARD to design and build a new series of six multi-purpose offshore vessels that will all be operated from shore and will eventually run on green ammonia.This order of six, 85-metre, optionally crewed robotic vessels will take Ocean Infinity’s remote vessel fleet to 23 vessels