A lack of operating procedures for continuous active monitoring contributed to the extent of damage caused by a 2019 fire on board a laid-up bulk carrier in Toldeo, the National Transportation Safety Board said in a report.At about 8:10 p.m. local time on February 16, 2019, a fire was reported on the 770-foot-long St.
A real estate development company is looking for a U.S. city to become the new home for one of America's most historic ocean liners.Having reached a deal with the ship’s nonprofit owner last year, RXR Realty has been developing a plan to restore the famed SS United States and this week issued a Request for Expressions of Interest (RFEI) seeking a permanent waterfront location where America’s
A World War II era submarine sunk during a Cold War training exercise off the shores of Hawaii more than six decades ago has been discovered by a team of ocean explorers utilizing pioneering robotics and methods at the forefront of today's underwater technology.USS Stickleback (SS 415), lost in nearly 11,000 feet of water 62 years ago
Purpose-built for storage challenges brought on by climate change and geopolitical tensions, TeleSense has introduced its cellular SensorSpear Monitors to protect post-harvest grain.TeleSense, a post-harvest grain monitoring innovator, recently introduced a Cellular SensorSpear intended to give grain managers and barge operators an easy and reliable way to accurately monitor stored grain
After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges.What does this mean for your rig intake strategy? Your preference may be to contract a hot rig
Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo vessel that flipped on its side off the coast of Georgia, the U.S. Coast Guard said.Salvage crews gradually drilled an opening in the ship's massive hull on Monday, first to deliver food and water to the survivors, then to extract them, the U.S. Coast Guard said.
According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded.
Tillberg Design of Sweden has been a central player in the six-year quest to envision, design, build and launch The Ritz-Carlton Yacht Collection brand. It has had a hand in all design aspects, from vessel exterior and interior, down to the service organization and the crew uniforms, as Fredrik Johansson, MA, Partner, Executive Project Director, explains.
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market.Source: Vessels ValueSecond hand marketThe Bulker market as a whole has shown a softening in values over the past year.
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.