Genco Shipping & Trading has entered into an agreement to acquire three modern, eco Ultramax bulk carriers in exchange for six older Handysize vessels, the largest U.S. headquartered dry bulk shipowner announced Monday. The transaction with an unnamed trading partner is structured as an asset swap without monetary consideration or additional capital required.
President Donald Trump visited Fincantieri Marinette Marine Thursday following the Wisconsin shipyard’s recent contract award to design and build the U.S. Navy's first-in-class FFG(X) guided-missile frigate.The first U.S. president to visit the Marinette Marine shipyard, Trump toured the facilities where Freedom-class Littoral Combat Ships (LCS) are currently built and met with employees before
Malaysian oil and gas giant said Thursday it was investigating the cause behind the incident that happened earlier this week when the Dayang Topaz offshore vessel crashed into its platform at the Baram field, off Sarawak."A thorough assessment of the platform structures is being carried out.
Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals
Oslo-listed LNG tanker operator Höegh LNG has reached an agreement with Trafigura for an extension of a charter for LNG carrier Hoegh Gannet. It also signed a new interim time charter for Höegh Gallant vessel with the same company.The existing interim LNGC time charter for Höegh Gannet vessel has been extended by 12 months.
CCGS Terry Fox, one the largest icebreakers in the Canadian Coast Guard (CCG) fleet, has returned to service with new Thordon propeller shaft bearings after concluding that fitting laminate phenolic bearings would extend drydock time and costs.The 88-meter-long vessel, built in the 1980s, had been operating Thordon’s water lubricated elastomeric polymer bearings on both shafts for 24 years.