Flex LNG, a liquefied natural gas shipping company and part of the nautical empire of Norwegian billionaire John Fredriksen, has dropped its interest in operating floating regasification units due to project failures and low returns. Floating Storage Regasification Units (FSRUs) have been lauded by analysts as transformative for the LNG industry by opening up emerging markets to supplies as the
The RMS St. Helena, Britain’s last working postal ship, was for nearly three decades the main source of contact between one of humanity’s remotest islands and the outside world.Now the ship, cherished by the 4,500 residents of British-ruled St. Helena, will start a new life as a floating armory, packed with automatic weapons, bullet-proof jackets and night vision goggles
MMA's RADM McDonald joyfully announces that the long-awaited National Security Multi-mission Vessel (NSMV) Program now has legs. On Friday 23 March 2018, President Donald Trump signed the FY18 Omnibus spending bill into law. Massachusetts Maritime Academy President Fran McDonald brought the news to his MMA constituents in a brief prepared staement
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham
In the 29 years that towboat captain Joe Gray has worked flotillas of barges up and down the Ohio River, he has witnessed the decline at the heart of industrial America in what is known as the country's Rust Belt. Gray, 46, spends up to eight months a year doing 28-day stints on the barges carrying coal, corn and gravel between Pittsburgh, Pennsylvania and Cairo, Illinois.
Today's address by FMC commissioner William P.Doyle brought transparency to the massive U.S.-based efforts expended during this hurricane season at the 17th Annual Port Industry Day conference in Jersey City, NJ. Good Morning New York and New Jersey. It’s a great day here in Jersey City.
From humble beginnings KVH has evolved rapidly to become a central player in the maritime world’s global Big Data revolution. Maritime Reporter & Engineering News caught up with Martin Kits van Heyningen in Oslo for his take on KVH’s current position and future direction. “We certainly didn’t envision that we would be in the high-speed satellite broadband business when we started
For more than 100 years the U.S. has depended on State Maritime Academies (SMA) to produce USCG licensed merchant officers. The SMA’s have also been an important source of U.S. Navy and U.S. Coast Guard officers, as well as trained personnel for the maritime industry and electric power industries ashore.
Because any port is only as efficient as its weakest link, so-called P3 funding will be the key to driving the future intermodal equation. Seaport and marine terminal finance draws from a wide range of funding sources, often combined to pay for a particular project. Ports are public goods, and as such, sometimes they also see varying contributions from federal, state
SUNY Maritime College’s training ship has returned to campus Tuesday after nearly two months aiding hurricane relief workers in Florida and Puerto Rico. The ship Empire State VI was used to provide power, housing, food and water to emergency relief workers, first in Florida following Hurricane Irma, then in Puerto Rico after Hurricane Maria.
Empire Wind is the project name of Statoil’s offshore wind site located off the southern coast of Long Island, N.Y. “The name Empire Wind captures the pivotal role that this important project will play in helping New York achieve its ambitious renewable energy goal,” said Statoil’s Empire Wind Project Director, Christer af Geijerstam.
SUNY Maritime College’s Training Ship Empire State VI will soon sail to Puerto Rico to aid in the recovery efforts and to deliver basic necessities to the island’s residents. The U.S. Department of Transportation’s Maritime Administration (MARAD) activated the vessel for a pre-scripted Federal Emergency Management Agency (FEMA) mission to support relief efforts.