Wabtec Corporation said it has been awarded a contract worth more than $10 million to supply engines for the first two of the U.S. Maritime Administration’s (MARAD) National Security Multi-Mission Vessels (NSMVs) being built at Philly Shipyard.In April Philly Shipyard was selected to build up to five NSMVs that will enable at-sea training for America’s future mariners and support humanitarian
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.
US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs.
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has announced the formation of Polaris New Energy (“PNE”), a marine transportation company focused on the transportation and distribution of liquefied natural gas (LNG) along the coastal and inland waterways of the United States.
CBP Intercepts Five Destructive Asian Gypsy Moth Egg Masses on Three Vessels.According to the U.S. Department of Agriculture (USDA), Asian Gypsy Moths are one of the most destructive insect pests in the world. They are not known to occur in the United States, yet they are knocking on our doorsteps. Three recent U.S.
U.S. Customs and Border Protection (CBP) agriculture specialists intercepted 146 destructive Asian Gypsy Moth egg masses on four ships recently in the port of Baltimore.Asian Gypsy Moth (AGM) is one of the most destructive insect pests in the world. They are not known to occur in the United States.
The former chairman of the Port of New Orleans Board of Commissioners Joe Toomy is rejoining the group.Gov. John Bel Edwards reappointed Joseph F. Toomy to the Board of Commissioners of the Port of New Orleans.Toomy was sworn in during today’s monthly board meeting and will serve a five-year term succeeding Laney J.