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
The U.S. Navy will not reinstate Captain Brett Crozier after finding fault with his response to the outbreak of the coronavirus aboard the aircraft carrier Theodore Roosevelt and is also putting an admiral’s promotion on hold, sources told Reuters on Friday.The decisions, first reported by Reuters, are expected to be announced later on Friday at a news conference by the Navy’s top leaders.
A crew member from the containership MSC Gayane pleaded guilty to cocaine trafficking stemming from a $1 billion bust in the Port of Philadelphia, one of the largest drug seizures in U.S. history.The 27-year-old Montenegrin Vladimir Penda entered a plea of guilty before U.S. District Court Judge Harvey Bartle III on charges of conspiracy to possess with intent to distribute 5 kilograms or more
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.
United Nations shipping agency the International Maritime Organization (IMO) has echoed industry calls for governments to grant special travel exemptions to seafarers in response to the COVID-19 pandemic.In a Circular Letter (link) issued on Monday, the IMO distributed a series of recommendations for governments and relevant national authorities
California’s governor on Thursday asked President Donald Trump to send a U.S. Navy hospital ship to the port of Los Angeles “immediately” as the state braces for an expected surge in the number of coronavirus cases over the next eight weeks.Trump said earlier this week the Navy hospital ships Mercy and Comfort would be pressed into service, one on each coast
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.
When I came into office as the Passenger Vessel Association’s President for 2019 last January, I announced two strategic goals for our industry: to enhance safety and foster the professional growth of our next generation of leaders. I am proud to announce we have undertaken major initiatives and made progress on each.
The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions. The industry is far from healthy, though, and the climb back to financial well-being will likely be long and unsteady.
At the very cutting edge of clean, modern and ultra-efficient propulsion and automation solutions, ABB takes its rightful place amongst MarineNews' prestigious 2019 MN100 winners.The Case:ABB believes that modern ships will be built on the foundation of electricity. This expands their range of viable energy sources beyond traditional fuel to for instance batteries and fuel cells.