Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.
An oil tanker is being held off the coast of Australia pending the results of crew COVID-19 tests.The Hong Kong-flagged Haruna Express was denied permission to enter Sydney's Port Botany and ordered to remain offshore following reports stating a number of crew members on board had been displaying coronavirus symptoms.
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
Huntington Ingalls Industries (HII) is building a new hub for unmanned systems prototyping, production and testing to meet growing demand from the U.S. Navy for autonomous and uncrewed systems.The purpose-built Unmanned Systems Center of Excellence will include two buildings totaling over 150,000 square feet constructed on a 20-acre campus in Hampton, Va., the U.S.
Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio said it expects to sign a $265-$290 million shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) in the fourth
Ingalls Shipbuilding has reopened its rebuilt and modernized facility on the east bank of the Pascagoula River after much of the site was destroyed by Hurricane Katrina in 2005.The Pascagoula, Miss. shipbuilder announced Friday that it moved the newly built destroyer Delbert D. Black (DDG 119) to the east bank's Pier Four, signifying the site's official reactivation.
An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said.Petronas has been conducting exploration activities near an area claimed by Malaysia and Vietnam as well as by China since late last year.
The United States called on China on Saturday to stop "bullying behavior" in the South China Sea and said it was concerned by reports of Beijing's "provocative actions" aimed at offshore oil and gas developments in the disputed waters.Three regional security sources told Reuters on Friday that a Chinese government survey ship was tagging an exploration vessel operated by Malaysia's state oil
A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday, according to ship tracking website Marine Traffic.
The U.S. Navy hospital ship USNS Comfort (T-AH 20) arrived in New York Monday to support COVID-19 response efforts in the epicenter of America's coronavirus outbreak.The ship will serve as a referral hospital for non-coronavirus patients currently admitted to shore-based hospitals, and will provide a full spectrum of medical care to include general surgeries
The Port of Seattle announced Wednesday that it has canceled two cruise ship calls to help curb the spread of the novel coronoavirus.“This region is in a public health emergency and we will cancel the first two sailings of our cruise season,” said Port of Seattle Commission President Peter Steinbrueck. “The health, safety, and wellbeing of our residents is our top priority.
New Jersey-based Rand Logistics announced it has entered into a stock purchase agreement to acquire rival Great Lakes shipping company American Steamship Company (ASC) from Chicago-based GATX Corporation for $260 million.Headquartered in upstate New York, ASC operates the Lakes' largest U.S.