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
To recreational boaters, Aids to Navigation (ATON) are the familiar red and green buoys (and day markers) that line our inland waterways. What they might not be aware of is that buoys have been around since the days of the Roman and Egyptian empires. In the decades following the creation of our country, buoys in every shape and color began appearing in our waterways.
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday.Batista's conviction and sentencing by federal judge Marcelo Bretas are the latest in a wave of graft investigations that have sent scores of powerful
PT Pelabuhan Indonesia III (Persero) has taken delivery of the first eight, of a total 15, RAzer ASD tugs designed by Robert Allan Ltd. The two RAzer 2960, two RAzer 2935 and four RAzer 2940 tugs are part of a major terminal expansion and fleet renewal program undertaken by Pelindo III in its operational territory.
Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close a rags-to-riches story that made him a hero in the freewheeling capitalist hub.
More than 400 SUNY Maritime College students and others this summer will spend three days assisting ongoing hurricane recovery efforts in San Juan, Puerto Rico, during the college’s annual summer sea term onboard Training Ship Empire State VI. The ship will leave the college campus, bound for San Juan, on May 7.
A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company, Groupe Bollore, announced the decision by Judge Serge Tournaire, which came after Bollore had been questioned for two days by French fraud police.
Alderman The Lord Mountevans, Maritime UK Vice Chair, called for increased trade between UK and Commonwealth countries at the Commonwealth Head of Governments Meeting (CHOGM). Maritime UK brings together the UK’s shipping, ports, services, engineering and leisure marine industries to promote the sector, influence government and drive growth.