With the announcements that New York Waterway, a ferry operator running 32 boats around New York and New Jersey waters, had been largely shut down by the U.S. Coast Guard just prior to Thanksgiving, 2019, the reactions ranged from surprise to outright shock. There was also a great deal of grumbling, as commuters, the major customer group
A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to shipping sources and Refinitiv Eikon data on Monday.Eight tankers, an unusually high number, are in the Atlantic and steaming to the United States, with capacity of up to 5.6 million barrels of oil combined, the people said.
Norwegian Electric Systems has signed a contract with the Estonian shipbuilder Baltic Workboats to deliver upgrade of the Diesel Electric Propulsion system onboard the ferry Tõll to battery-hybrid.The ferry operator TS Laevad, a subsidiary of the listed port Company Tallinna Sadam, operates the ferry routes between Western Estonia’s major islands and mainland.
Estonian ferry company TS Laevad has signed an agreement with the Estonian shipbuilding company Baltic Workboats AS to rebuild the ferry Tõll, which operates the on the Virtsu-Kuivastu line, into environmentally friendly hybrid ship.The subsidiary of Tallinna Sadam said in a press release that during the reconstruction
Some residents and visitors prepared to flee New Orleans on Thursday as Tropical Storm Barry closed in and city officials warned of severe flooding if it makes landfall by early Saturday as the first Atlantic hurricane of the 2019 season.The storm had maximum sustained winds of 40 miles per hour (64 kph) as of 10 a.m. CDT (1500 GMT) on Thursday, the National Weather Service said.
Greek tanker owner Tsakos Energy Navigation (TEN) announced an up to 36-month charter to a major European oil concern, for a suezmax tanker.The crude tanker is currently operating in the spot market on a minimum rate with profit sharing provisions to capture any freight upticks during the life of the contract.
The U.S. Coast Guard and local agencies responded to a multi-barge breakaway in the vicinity of mile markers 176 and 177 on the Upper Mississippi River, Wednesday.Watchstanders at Sector Upper Mississippi River received the report at 3 a.m. that there was a multi-barge breakaway from a fleeting area on the Upper Mississippi River.
Knutsen NYK Offshore Tankers AS (KNOT), a NYK Group company, has concluded a time-charter contract for a maximum 15-year period starting from 2021 for a shuttle tanker with French oil and gas giant Total for its Brazilian activities.The contract aims to use a 152,000 DWT Suezmax tanker equipped with a dynamic-positioning system built in China by COSCO (Zhoushan) Shipyard Co., Ltd.
The United States is struggling to win its allies' support for an initiative to heighten surveillance of vital Middle East oil shipping lanes because of fears it will increase tension with Iran, six sources familiar with the matter said.Washington proposed on July 9 stepping up efforts to safeguard strategic waters off Iran and Yemen where it blames Iran and its proxies for tanker attacks.
Top Ships, a provider of oil, petroleum products and chemicals transportation services, has concluded a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers.The Greek tanker owner and operator said in a press release that the gross proceeds from the new financing amount to $25.
Taiwanese ocean carrier TS Lines (TSL) has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The PA1 service offers one of the most comprehensive Northern China market coverage comprising seven China main ports as well as Hong Kong, Singapore and Malaysia, said a press release.