Belle Chasse, La. based shipbuilder C&C Marine and Repair has delivered the third vessel in a series of four new towboats for Marquette Transportation Company.Delivery of the new vessel, a 6,600-horsepower, 160’ x 50’ triple-screw z-drive towboat named m/v Jerry Jarrett, comes four months after delivery of the series’ second towboat, m/v Chris Reeves, and seven months after the first, m/v Cindy L.
Dueling tariffs raise fears of long A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.Friday marked the start of the U.S.
Greek shipping company Capital Product Partners (CPLP) has completed its merger of crude and product tanker business with businesses owned by tanker owner and operator DSS Holdings.A new company named Diamond S Shipping Inc has been formed which could be the third largest publicly traded MR and product fleet in the world
The pure play Mid-continent energy company Gastar Exploration will file for bankruptcy with support from the company's largest creditor and shareholder, the Los Angeles private equity group Ares Management.The financially struggling Houston company said the prepackaged bankruptcy plan will eliminate more than $300 million in debt but give controlling ownership of the company to Ares.
Longtime business and civic leader Yui Hay Lee has joined the Port of Oakland’s Board of Port Commissioners. Lee was sworn in yesterday to a seat on the seven-member Board.Lee, President and CEO of Oakland-based YHLA Architects, was nominated by Oakland Mayor Libby Schaaf and appointed by the City Council. He replaces eight-year Board veteran Alan Yee, whose latest term expired.