Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S. West Texas Intermediate (WTI) May crude futures sank to minus $38 per barrel on April 20, just days before their expiration
Eastern Shipbuilding Group reports that the keel laying ceremony for the U.S. Coast Guard’s first-of-class Offshore Patrol Cutter (OPC) Argus (WMSM-915) was held on April 28, 2020 at Eastern’s Nelson Street facility in Panama City, Fla. USCGC Argus is scheduled to be delivered in 2022.
Eastern Shipbuilding Group reports that steel cutting for the second Offshore Patrol Cutter (OPC), Coast Guard Cutter Chase (WMSM-916), commenced on April 27, 2020 at its facilities in Panama City, Fla. The cutting of steel started the fabrication and assembly of the cutter’s hull, and ESG is to complete keel laying of Chase in 2021.
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
Eastern Shipbuilding said the U.S. Coast Guard executed a modification to the contract to build the second Offshore Patrol Cutter (OPC) and Long Lead Time Materials for the third OPC. These accomplishments result from successful completion of a Production Readiness Review (PRR) in February 2020.
As the novel coronavirus and its impacts continue to spread across America, U.S. shipbuilders, by and large, continue to build. While most yards have been deemed essential to marine transportation and/or national security and have been able to maintain operations, the situation at and around every shipyard is different
The U.S. Maritime Administration (MARAD) is advising vessel operators to exercise extra caution and safe navigation practices after multiple instances of significant GPS interference have been reported over the last year by vessels in port and underway in the eastern and central Mediterranean Sea, the Persian Gulf, and the Port of Shanghai, China.
France will use a helicopter warship to transfer coronavirus patients in critical condition from Corsica to hospitals in the southeast of the country, its armed forces minister said on Friday.As of Thursday, there were 162 confirmed coronavirus cases on the Mediterranean island. The last official breakdown, on March 15, showed six deaths and six people in intensive care.
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday.Among a growing count of floating producers in the planning stage, some are destined to become FLNG
According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded.
The U.S. maritime agency has told U.S.-flagged commercial vessels they should send transit plans in advance to American and British naval authorities if they intend to sail in Gulf waters following several incidents over tankers involving Iran.The seizure of commercial vessels and attacks on tankers near the Strait of Hormuz have unsettled shipping lanes that link Middle Eastern oil producers to
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers