Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.The Suezmax crude tanker Sabiti was ablaze and suffered heavy damage after being hit by two missiles, Iranian media reported.
Newport News Shipbuilding Division Delivers First 3-D Metal Part For Installation On Nuclear-Powered Aircraft CarrierHuntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division achieved a milestone in the integration of additive manufacturing into the design and fabrication of components for nuclear-powered warships.
Genting Hong Kong and its Hong Kong–German shipbuilding group, MV Werften, announced a new Universal Class of cruise ships targeted at customers outside of Genting's cruise brand portfolio of Dream, Crystal and Star.The keel-laying of the second 208,000 gross ton Global Class ship for Dream Cruises took place December 10 at MV WERFTEN in Rostock.
Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further details will be given until after closing of the transaction, Mammoet said.
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited worries about an impact to flows from the Middle East if insurance companies begin to reduce coverage for voyages through the region and additional
Halifax Shipyard has commenced initial builder’s sea trials for Canada’s lead Arctic and Offshore Patrol Ship (AOPS), the future HMCS Harry DeWolf.The lead AOPS departed Halifax Shipyard at 0945 and, using its diesel-electric engines, moved to the Bedford Basin to start initial builder’s sea trails associated with anchor handling, the integrated bridge and navigation system (IBNS)
The Royal Canadian Navy’s second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, was launched yesterday, Nov. 10, 2019, at Halifax Shipyard.The launch of the second of six AOPS for the Royal Canadian Navy, marks a significant milestone for Canada’s National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.
On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka. Announcing the launch at Aracon, BunkerTrace is now ready to receive requests for commercial partnerships and adoption by bunker suppliers
Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking
NSRP is a national collaboration of private shipbuilders that provides framework to improve shipbuilding processes. NSRP focuses on national shipbuilding and naval practices to improve the efficiency of the U.S. shipbuilding and ship repair industry.Hamadyk, who has worked for Newport News for 38 years, was instrumental in collaborating with the U.S.
Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with ShipMoney.The deal means crew members will have control and access to their wages while onboard ship, including the timing and currency of remittances sent home.
The Royal Canadian Navy's second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, is now structurally assembled at Irving Shipbuilding's Halifax Shipyard.On Friday, May 3, the bow section of the second AOPS was transported on heavy lift transporters from inside the Halifax Shipyard's indoor shipbuilding facility outside to land level.