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.
Vane Brothers Company is committed to the safe handling and delivery of petroleum and chemical products. John Deere PowerTech marine engines will always be there, when they do.Vane Brothers Company’s white tugboats, distinguished by their large blue “V,” are a familiar sight while pushing barges on the Baltimore waterfront.
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung Heavy Industries paid millions of dollars to a Brazilian intermediary
The United Arab Emirates (UAE), Greece and the United States of America (USA) top the list of country dumpers of ocean-going commercial vessels in 2018, according to new data released today by the NGO Shipbreaking Platform.UAE owners were responsible for the highest absolute number of ships sold to South Asian shipbreaking yards in 2018: there were 61 ships in total.
The Port of Gdansk Authority (PGA) has signed an agreement with a consulting company, which will support the construction of the port basing on a public-private partnership model.DS Consulting - is a company, specializing in advising public entities, which has signed a cooperation agreement with the PGA. The company has 21 years of experience in this market.
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean shipbuilder Samsung Heavy Industries (SHI).Further, the company will be claiming interest on this amount and costs incurred in connection with the matter.