An oil tanker and a cargo ship a collided off the northeastern coast of England on Monday causing a huge fire, with authorities mounting an emergency response involving aircraft and lifeboats.Shipping industry sources told Reuters the two vessels involved were the chemical tanker Stena Immaculate and container ship Solong.
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output.
James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability
President James Earl "Jimmy" Carter passed away on December 29, 2024, at the age of 100.President Carter graduated from the U.S. Naval Academy in 1946 with distinction, after which he was assigned to USS Wyoming (E-AG 17) as an ensign. After completing two years of surface ship duty, Carter applied for submarine duty.
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU.
Canadian shipbuilder Davie announced it has appointed Maxie Lafleur as president, bringing in a business executive from outside the shipbuilding sector to help drive growth.A Montréal native, Lafleur brings a wealth of experience in digital transformation, growth strategies, change management, mergers and acquisitions, and business development, both in Canada and abroad.
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
Initial examinations of four of the people killed when British tech tycoon Mike Lynch's family yacht sank off Sicily last month indicated they had died of suffocation as oxygen ran out on the stricken vessel, judicial sources said on Thursday.Lynch, his daughter Hannah, an onboard cook and four guests died when the Bayesian, a British flagged 56-metre (184-feet) superyacht
Italian prosecutors are investigating two more crew members from British tech tycoon Mike Lynch's yacht, along with its captain, in connection with the vessel's sinking over a week ago, a judicial source said on Wednesday.Being investigated does not imply guilt and does not mean formal charges will follow.
The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen's Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for trade route, industry sources said on Wednesday.Iran-aligned Houthi militants first launched aerial drone and missile strikes on the waterway in November in what they say is solidarity with Palestinians in Gaza.
GE Vernova's shares fell nearly 7% on Friday following a turbine-blade failure at an offshore wind farm in the UK, the latest in a string of incidents involving the power service firm's equipment.The incident was reported at the Dogger Bank A project, located more than 130 km off the northeast coast of England, according to a statement from the project authorities.
Retailers are fueling a summer rush of imports to the United States this year as companies guard against a potential strike by port workers and ongoing shipping disruptions from attacks in the Red Sea ahead of a shortened holiday shopping season.Container imports and freight rates surged in July