Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs.
Since the days of wooden hulls and human power, lifeboat crews have put to sea through dangerous surf to save the lives of their fellow seamen. The first engine powered boats allowed decks and cabins that afforded a greater level of safety. When the U.S. Coast Guard developed its 47-foot surf boat in the late 1990s, a whole new standard for lifeboats was set.
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced on Monday that Danny Hernandez will succeed Beci Brenton as the company’s corporate director of public affairs upon Brenton’s October 31 retirement. Hernandez will join HII on September 13, transition into the position, and report to the executive vice president of communications
Diana Shipping, a dry bulk shipping company, has signed an agreement to sell the 2001-built Panamax dry bulk vessel “Oceanis” to an unnamed buyer. Separately, the company has secured a charter for its Capesize bulk carrier "New York."The company said Friday that the Oceanis vessel would be delivered to the buyer by April 16, 2021, at the latest, for a sale price of US$5.
Oil and shipping group Monjasa said it has acquired the 9,600-dwt oil and chemical tanker Monjasa Server from Golden-Agri Stena. The 117.6-meter vessel is set for cargo and bunkering operations in the Arabian Gulf by November 2020.Formerly known as the GS Adventure, the 2009-built Monjasa Server joins Monjasa’s marine fuel operations across the Middle East
The U.S. Coast Guard recently accepted the Birdon America's first upgraded 47-foot Motor Lifeboat (47 MLB) at the agency's National Motor Lifeboat School (NMLBS) in Ilwaco, Wash., completing the first major milestone in the MLB Service Life Extension Program (SLEP). The first article vessel will undergo a four-month operational assessment by members of NMLBS.
Majestic Ferries Pte Ltd has selected Perkins’ marine engines to power more of their fleet, most recently through the supply of six Perkins E70M auxiliary engines. Two engines will power the generator set onboard each of the three new Incat Crowther 42 series offering a high-speed service on the Singapore/Batam route.
China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.China’s imports of the cheaper but more pollutive diesel blending fuel nearly doubled to record levels in 2020
Kongsberg Maritime (KM) said it will supply an equipment and simulation package for the maritime training vessel MS Gann, helping both to reduce the vessel’s emissions and enhance the education offered on board. The contract, worth 41.2 million NOK, is part of an extensive refit and will include KONGSBERG’s SAVe Energy battery system and hybrid shaft generators, in addition to power management