The liquefied natural gas (LNG) trade is expected to achieve further growth of 11 percent for 2018, according to a recent report from Clarksons Research. The forecast comes on the heels 2017's 9 percent growth to 929mt. By comparison, the LNG trade averaged 0.3 percent growth from 2012 to 2015.
Al Seer Marine and Rafnar, Icelandic marine technology innovators and designers of the Rafnar Hull, have completed a record-breaking 42-hour circumnavigation of Iceland.This news follows the firms' recent partnership announcement for the licensing of the Rafnar Hull. The challenge of circumnavigating Iceland in a small open RIB was an opportunity for Al Seer Marine to gain firsthand experience
A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels.In dismissing the city's claims against Chevron Corp , BP Plc, ConocoPhillips, Exxon Mobil Corp and Royal Dutch Shell Plc, U.S.
There's nothing like New York City for a maritime event, and McAllister Towing and Transportation Co., Inc., one of the historic family-run companies serving the industry for more than 150 years, held a signature ceremony and party last night at Pier 16 in Manhattan with the christening of two tugboats, the Rosemary McAllister and the Capt. Brian A.
Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA), and re-impose Sanctions on Iran following a wind down period. Maersk will respect U.S. regulation on Iran, and has initiated preparations to ensure compliance before the wind-down period expires.
McAllister Towing has taken delivery of Rosemary McAllister, the second in a series of four 100’ x 40’, 80 metric ton bollard pull tugboats. The new vessel, the 32nd tractor tug in McAllister’s fleet, was completed at Eastern Shipbuilding in Panama City, Fla.The Rosemary is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units.
Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.Under a deal signed with Boston-based Sea Machines Robotics, Maersk will install computer vision
On February 14, 2018, Senator Mitch McConnell (R-KY) received Waterways Council, Inc.'s (WCI) 17th Annual Leadership Service Award for his strong and continued leadership on ports and inland waterways issues. He was presented the award by Stephen Little, Chairman of Crounse Corporation.
Petrochemicals company LyondellBasell Industries NV will buy plastic composites maker A. Schulman Inc for $1.24 billion, doubling the size of its plastics business. LyondellBasell will pay $42 per share, an 8.7 percent premium to Schulman's Wednesday close, the companies said on Thursday. Schulman's shares were trading at $42.15 before the opening bell.
A U.S.-based company has begun searching for Malaysia Airlines Flight MH370, Malaysia said on Tuesday, as it tries to solve one of the world's greatest aviation mysteries. Flight MH370 disappeared en route from Kuala Lumpur to Beijing in March 2014 with 239 people, mostly Chinese, on board.
In 2018 one of the U.S. premier vessel owners – Bouchard Transportation Co., Inc. (BTC) – celebrates its 100th year in business. Maritime Reporter looks at BTC’s evolution through the years. The year 2018 is a celebration year for the Bouchard Transportation Co., Inc., which was founded in 1918 in New York Harbor by Capt. Frederick Bouchard, and will next year celebrate a century in business.
McAllister Towing announced the arrival in N.Y. of the tug Capt. Brian A. McAllister, the first EPA Tier IV tug on the U.S. East Coast according to the company. Capt. Brian A. McAllister is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units. Packed into its 100 x 40 ft. hull is 6,770 hp and more than 80 metric tons of bollard pull.