Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling domestic gas output to feed industrial demand and electricity generation in a nation of 160 million people where a third
Solid-State Welding Processes Being Developed for NASA Manufacturing Programs Could Significantly Reduce Workboat Fabrication CostsWhether it is for a tug boat, cargo vessel, or an offshore supply ship, much of the workboat fabrication industry is located along the Southern Coast of the U.S.
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important.
The International Maritime Organization’s (IMO) decision to implement a 0.50 percent cap on sulphur emissions has created uncertainty among vessel operators. Questions are already being asked about how to comply with the changing emissions target, what types of fuels will be available and where.
Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from Chapter 11 proceedings.The seven member Board includes two current members remaining on the Board and five new members, each with expertise in individual areas particularly suited to support the company’s operation and development and
When Trygve Westergard bought the 98- by 28-foot Judi B in the spring of 2016 he was entering a new chapter in a varied marine career. Growing up on a remote island off Ketchikan, Alaska as the third generation of Norwegian-Danish family, he had fishing in his blood and his environment.
Liberty Global Logistics (LGL) announced today that Paul “Chip” Jaenichen, former U.S. Maritime Administrator, has joined the Company as its Executive Vice President – US Flag. In his new position, he will be responsible for the oversight of the day to day aspects of the Company’s business relating to U.S. flag, government relations, strategic business initiatives and US cargo opportunities.
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons.
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets. Kitack Lim, Secretary-General of the International Maritime Organization (IMO)
U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers were completed and the first shipment of crude on a Suezmax tanker took place. The Buckeye Texas Hub terminal located in Corpus Christi shipping channel is 80 percent owned and operated by Buckeye while Trafigura holds a 20
The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday. Filing charges against the officers marks the Navy’s latest effort to address the problems that led to collisions involving its warships in Asia
The Dredging Contactors of America’s (DCA) has selected the Honorable William P. Doyle, Sr. as its new Executive Director and Chief Executive Officer (CEO). William Doyle currently serves as a Commissioner with the U.S. Federal Maritime Commission having been unanimously confirmed twice by the U.S.