Belgium's Euronav on Monday said that its two major shareholders CMB and Frontline have reached a deal that would see CMB take control of the oil tanker company and buy its remaining shares.The deal ends uncertainty over Euronav's future, after peer Frontline - controlled by Norwegian-born shipping tycoon John Fredriksen - in January scrapped a $4.
Companies from across the U.K. maritime sector and numerous government departments are coming together to develop a vision for making the country a global center of excellence for cruise lines looking to repair and refit their vessels.Britain’s maritime engineering industry already feeds into the cruise industry but sees significant untapped economic opportunity within the £2.
The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers.
Countries on Friday adopted a revised greenhouse gas (GHG) strategy for shipping that sets a net zero emissions target "by or around 2050", which was viewed by environmental groups as falling short of what was needed. After days of discussion in London at U.N. shipping agency the International Maritime Organization’s (IMO) headquarters, member countries agreed to reach net zero "by or around, i.e.
A Canadian-flagged ship on Wednesday brought ashore debris from the Titan submersible that imploded while on a voyage to the century-old wreck of the Titanic earlier this month, killing all five people on board.Video from the Canadian Broadcast Corporation showed what appeared to be the nose of the submersible and other shattered fragments wrapped in white tarp pulled up by a crane off the
The desperate search for a missing submersible near the wreck of the Titanic entered a critical juncture on Thursday when air was expected to run out for the five people aboard, but officials vowed to continue scouring the remote North Atlantic.A remotely operated vehicle deployed from a Canadian vessel to the ocean floor discovered a "debris field" near the Titanic, the U.S.
Rescuers were in a race against time to find a missing submersible on Tuesday, two days after it lost communication while taking wealthy tourists to see the wreckage of the Titanic in deep waters off Canada's coast.One pilot and four passengers were on board the submersible that disappeared on Sunday.
A deteriorated bollard led to a Valaris drillship breaking away and colliding with a bulk carrier in Pascagoula, Miss. last year, the National Transportation Safety Board (NTSB) said Thursday.On March 12, 2022, the mobile offshore drilling unit Valaris DS-16 was in the process of being reactivated at the ST Engineering Halter Marine and Offshore Shipyard (STEHMO) when it broke away from the dock
One of Hollywood's biggest stars recently paid a visit to U.S. Navy sailors aboard the Nimitz-class aircraft carrier USS George H.W. Bush (CVN 77).Top Gun: Maverick producer and star Tom Cruise was joined by writer and producer Christopher McQuarrie, and editor Eddie Hamilton, along with Ted Lasso star Hannah Waddingham, for the stop.
Hess Corp on Thursday said drilling results expected this month could add a seventh platform in Guyana, which would lift the nascent oil producing nation's output above the 1.2 million barrels of oil equivalent per day planned.The U.S. oil producer is part of the Exxon Mobil Corp-led consortium that controls all production in the tiny South American nation.
Five people were injured and hundreds more evacuated after a fire broke out aboard a ferry traveling from Manhattan to Staten Island on Thursday evening, officials said.The Sandy Ground, one of the Staten Island Ferry's newly commissioned Ollis-class vessels, was carrying 868 passengers and 16 crew members when the engine room fire started shortly after 5 p.m.
A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St.