Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the U.S. killing of Iranian military commander Qassem Soleimani inflamed tensions in the region.Britain's defence minister, Ben Wallace, ordered the HMS Montrose and HMS Defender to prepare to return to escort duties in the major oil shipping route as Prime Minister Boris Johnson came in for
Keppel Offshore & Marine Ltd (Keppel O&M) delivered the 6000m3 Trailing Suction Hopper Dredger (TSHD) Sanderus to Jan De Nul Group.The Ultra-Low Emission vessel (ULEv) is the fourth dredger that Keppel O&M has delivered to Jan De Nul Group.According to a press release from the shipbuilder, this follows the delivery of three 3500m3 TSHDs earlier this year
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters.With PFLNG Dua, the national oil and gas company of Malaysia owns and operates two floating LNG facilities
Danish tanker owner and operator Maersk Tankers is set to add 11 ships to its managed fleet in a deal with BP Shipping and ICBC Financial Leasing.Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bare-boat charter arrangement, which it will then hire out to BP under a time charter deal for a period of three years.
“The decrease in state spending on higher education is what keeps me awake at night” is how RADM Michael Alfultis, President, SUNY Maritime College, neatly summarized the biggest challenge he faces as the leader of one of the U.S.’ leading maritime universities. “With a small student body (about 1700), the numbers simply don’t work
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.
The 2019 version of the MarineNews MN100 edition - our annual look at the very best individuals and firms in the shallow draft, brown water and workboat sectors - has come and gone. Anchoring that prestigious list, as always, is R.W. Fernstrum & Company. That's no surprise to MarineNews readers.THE COMPANY:R.W.
Contract negotiators between striking Alaska ferry boat workers and state officials have reached a tentative deal to end a 9-day-old walkout that has shut down the state Maritime Highway System, a federal mediator said on Friday.About 420 members of the Inlandboatmen's Union of the Pacific (IBU) walked off the job on July 24
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine.
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
Another year; another major fleet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work.“Kirby is definitely the big gorilla in the inland barge market,” affirmed Jefferies analyst Randy Giveans.
U.S. President Donald Trump agreed with Democratic leaders on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, Senate Democratic Leader Chuck Schumer said on Tuesday after a White House meeting.Trump and Democratic leaders are slated to meet again in three weeks to discuss how the "big and bold" plan - which would need the approval of Congress - would be paid for