The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions
On July 20, the tanker Cabo de Hornos delivered an estimated 450,000 barrels of crude oil to the Irving Oil refinery’s Canaport storage facilities in Saint John, N.B.What made Cabo de Hornos’s delivery different was that it was the first time crude oil had arrived in Saint John by ship from Alberta. It came via the Trans Mountain pipeline to the Westbridge Marine Terminal in Burnaby, B.C.
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday.Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented
Three Greece-based shipping firms said they have halted trade with Venezuela after the United States imposed sanctions on vessels under their management, as Washington ramps up commercial heat on Caracas.The U.S. government is seeking to choke Venezuelan oil exports to starve the government of socialist President Nicolas Maduro of its main source of revenue.
An explosion injured several firefighters battling a blaze on board car carrier Höegh Xiamen at berth in Jacksonville, Fla. Thursday.The eight responders have been transported to the hospital for serious injuries, including two taken by air and two by ground to to Shands Gainesville burn unit. They are all in stable condition.
CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME, has initiated the early works contract for the very first floating heavy lift and installation vessel to be built in Taiwan.To be named ‘Green Jade’, the vessel will be built at CSBC in Taiwan for delivery in 2022 for deployment in the growing local offshore wind market.
When it comes to complying with EPA’s Tier 4 emissions regulations, there’s no shortage of creativity emerging from America’s maritime engineering firms. Companies such as Hug Engineering are offering flexible, customized aftertreatment-based control systems that can assemble almost in modular like fashion.
Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC, had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of
Shipbuilder Bath Iron Works (BIW) has officially started construction of the future USS Louis H. Wilson Jr. (DDG 126), the U.S. Navy announced. The new warship will be the first Arleigh Burke-class destroyer built in the Flight III configuration at BIW.The milestone was marked by a ceremony on Tuesday at General Dynamics BIW's structural fabrication facility in Brunswick, Maine.
Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey Gulf has maintained this mindset throughout its 70-year-history, says CEO Shane Guidry.
Japanese public multinational corporation Kawasaki Heavy Industries (KHI) has delivered the Marvel Pelican, a 155,000 m3 capacity liquefied natural gas (LNG) transport vessel for use by Mitsui O.S.K. Lines (MOL).The second of Kawasaki's line of 155,000 m3 capacity LNG carriers to be commissioned, this ship is designed to enable passage through the newly expanded Panama Canal