U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S.
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.
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.The increased production is expected to help third quarter exports of U.S. liquefied natural gas (LNG) which fell in May to 7.66 million tonnes from a record 8.01 million tonnes in April, as plant maintenance curbed some output.
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
Israel accused the Iranian Revolutionary Guards Corps (IRGC) on Monday of turning commercial ships into platforms for launching missiles, drones and commandos, saying the objective was to spread Tehran's clandestine naval clout well beyond the Gulf.The allegation by Defence Minister Yoav Gallant came as tensions between the regional foes surge afresh over Iran's nuclear drive and support for
The U.S. Department of Energy's refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday.The DOE last month said it would grant future extensions solely on extenuating circumstances and rejected an extension for Energy Transfer's proposed Lake Charles LNG
Berlin is reviewing its decision to allow China's Cosco to take a stake in one of logistics firm HHLA's three terminals at the Hamburg port, a spokesperson for the German economy ministry said on Wednesday.Responding to a question about the reported classification of Tollerort as critical infrastructure
Israel on Thursday criticised Brazil's decision to grant berth to two Iranian warships in the face of U.S. pressure, and urged President Luiz Inacio Lula da Silva's government to send them away.The vessels docked in Rio de Janeiro on Sunday. Reuters reported that Brazil had declined to admit them in January, in a goodwill gesture from Lula as he flew to Washington to meet U.S. President Joe Biden.
Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany's liner Hapag Lloyd, the world's number five by transport capacity."The party is over. We are back to a normal shipping business," CEO Rolf Habben Jansen told reporters at a briefing late on Tuesday on the state of the market
The German navy is helping Norway to protect critical maritime infrastructure such as oil rigs, undersea cables, and pipelines, and is ready to do the same off the Danish and Swedish coasts, its head said on Thursday. Bordering Russia in the north, Norway is Europe's biggest producer of natural gas and oil and has an extremely long coast that is hard to protect.
The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources.Shipping giant Cosco last year made a bid to take a 35% stake in one of three terminals in Germany's largest port in the northern city of Hamburg.
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.The German government said it was in contact with the Danish authorities and working with local law enforcement to find out what caused pressure in the pipeline to plummet