China will make port operations more efficient and hold more online trade fairs, among new measures to ease pressure on foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday. Export growth in the world’s second largest economy slowed to single digits in April, the weakest in almost two years
Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders.
The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.China is experiencing its biggest spike in COVID-19 infections since an initial outbreak in the central city of Wuhan was contained in early 2020.
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? Over the past 12 months, the floating offshore wind sector appears to have had a major dose of adrenaline.
Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move as Western sanctions on Moscow force them to use unconventional methods to transport the product.About 5 million barrels of Russian Urals crude was scheduled to load in April and May destined for China on four Aframax-sized tankers that each carry 730
Gulf Intracoastal and U.S. inland waterways towboat and barge operator The Southern Devall Group announced it has appointed Kenny Devall as president and chief executive officer.The Southern Devall Group (TSDG), an affiliate of Chicago-based CC Industries, is the combined businesses of Southern Towing and Devall Towing.
Ørsted and Eversource, two companies that have partnered up to buiild offshore wind farms in the U.S. said Thursday they'd signed contracts with Boskalis to support the construction of their offshore wind project in the U.S.The work with Boskalis involves the foundation and offshore substations transportation and installation for the joint venture’s South Fork Wind and Revolution Wind projects
The Port of Virginia and the US Army Corps of Engineers today signed the agreement committing the federal government to begin its financial investment in the construction effort to widen and deepen the commercial shipping channels and Norfolk Harbor.With a group of federal and state officials in attendance, Virginia Port Authority CEO Stephen A. Edwards and Col. Brian P.
A newly formed dredging company has placed an order for what will be one of the largest dredges of its kind in the U.S. On October 12, Michael Kerns, President and CEO of Muddy Water Dredging, LP and Bob Wetta, President and CEO of DSC Dredge LLC, launched the project to build the custom 24” dual pump Marlin Class dredge to maintain U.S. navigable waterways.
Nichols Brothers Boat Builders (NBBB) said it has delivered the final vessel in a series of four new tugs for Foss Maritime.The ASD-90 tractor tugs Jamie Ann, Sarah Avrick, Leisa Florence and Rachael Allen were completed and delivered between April 2020 and June 2021. Foss, a division of the Saltchuk company, will station two of the vessels in Los Angeles/Long Beach
Michell Bearings has announced the opening of a U.S sales and engineering office in Fort Washington, Philadelphia.The office opening follows the incorporation of the U.S business, Michell Bearings Inc., in 2021 to better support customers in North America, especially those in the U.S. naval industry.