A U.S. judge on Wednesday said the owner of an oil tanker must pay the United States $44.6 million over its role in a 2017 collision between the tanker with a U.S. Navy destroyer in southeast Asia that killed 10 sailors and injured dozens more.U.S. District Judge Paul Crotty in Manhattan found Energetic Tank Inc 20% responsible and the United States 80% responsible for the Aug.
Eastern Pacific Shipping (EPS) announced it intends to order an ammonia dual-fuel gas carrier that will be built at South Korea's Hyundai Heavy Industries (HHI) for delivery as early as 2025, as shipowners explore emissions-reducing alternative fuels on their path to decarbonization.
A vessel has been attacked 34 nautical miles (63 km) southwest of Yemen's Hodeidah, the United Kingdom Maritime Trade Organisation (UKMTO) reported on its website on Thursday, adding an investigation is underway.British maritime security company Ambrey Intelligence said the incident involved a sailing vessel that managed to escape an attempted boarding from occupants of skiffs
Iran's Revolutionary Guards said on Friday they had seized a vessel in Gulf waters loaded with 250,000 liters of smuggled fuel, the Iranian state news agency IRNA reported.Iran, which has some of the world’s cheapest fuel prices due to heavy state subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighboring states and by sea to Gulf Arab states.
Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction valued at $4.2 billion that they said would cut costs and help in their low-carbon transition.Euronav shareholders will own 59% of the combined group and will also receive a cash dividend before the deal closes, while Frontline owners will hold the remaining 41%
The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.The Ocean Shipping Reform Act, led by Senators John Thune and Amy Klobuchar, would strengthen the investigatory authority of the Federal Maritime Commission (FMC), the U.S.
The wreckage of polar explorer Ernest Shackleton’s ship Endurance, which was crushed by Antarctic ice and sank some 10,000 feet (3,000 m) to the ocean floor more than a century ago, has been found, a team searching for it said on Wednesday.The three-masted sailing ship was lost in November 1915 during Shackleton’s failed attempt to make the first land crossing of Antarctica.
An out-of-service Staten Island Ferry vessel has reportedly been purchased by Saturday Night Live stars Pete Davidson and Colin Jost.The Staten Island natives bought the decommissioned 277-foot ferry John F. Kennedy at auction in partnership with Manhattan real estate broker and comedy club owner Paul Italia, the New York Post reported.
Nashville-based Ingram Marine Group, one of the largest barging companies in the U.S., announced Monday that David O’Loughlin will retire from his role as CEO. He will be succeeded by John Roberts, the company’s current chief operating officer, who will take the helm as the new president and CEO on February 1.
The U.S. Senate confirmed on Tuesday evening President Biden’s nomination of NOAA Rear Admiral Nancy Hann to lead the NOAA Office of Marine and Aviation Operations (OMAO) and NOAA Commissioned Officer Corps (NOAA Corps), one of the nation’s eight uniformed services.“From flying into hurricanes to crewing remote explorations to the deepest depths of the ocean
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation
The U.N. shipping agency approved further measures on Thursday to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's carbon footprint.The International Maritime Organization (IMO) formally adopted the rules to reduce the carbon intensity of existing ships after member states reached agreement on the plans at a