Maritime Partners, LLC, through its managed funds, has acquired from J. Russell Flowers, Inc. and its affiliates, a diversified portfolio of over 1,000 marine vessels operating on bareboat charter. JRF’s fleet includes a variety of towboats, tank barges, hopper barges, and deck barges.
Another eight current and former merchant mariners have been indicted in a a test score-fixing scheme at a U.S. Coast Guard exam center in Louisiana.The defendants are charged with obtaining, and intending to use, officer-level licenses that were procured through falsified exam scores.
Spanish renewables giant Iberdrola has informed that it has started construction work for the Vineyard Wind 1, the United States' first large-scale offshore wind farm.The offshore wind farm will be located off the coast of Massachusetts. It is 25 times larger than an existing offshore wind farm in Rhode Island, which has 30 MW installed capacity and supplies electricity to 17,000 homes.
Germany's energy regulator has temporarily halted the certification process for the Nord Stream 2 gas pipeline, requiring the Swiss-based, Gazprom-led consortium behind the infrastructure to form a German subsidiary to secure a licence.Following are some of the legal considerations associated with the move by Germany's Federal Network Agency
Classification society Bureau Veritas said it has issued novel design approval for what will be the world’s largest very large gas carriers (VLGC).The new 93,000-cubic-meter (CBM) capacity Panda 93P VLGC design has been developed by Jiangnan Shipyard, part of the CSSC Group (China State Shipbuilding Corporation), as an evolution of of the shipyard’s Panda gas carrier series
Smugglers suspected of evading sanctions on North Korea have turned to schemes to create fraudulent identities for sanctioned ships, a U.S.-based research group said in a report released on Thursday.Ships suspected of smuggling have long modified their physical appearance or broadcast false position data, said the report from C4ADS, a non-profit group.
Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers
The second vessel in the ShadowCat range, Wayfinder, has been delivered, naval architect Incat Crowther and yacht services fir YCTS Ltd announced. Wayfinder builds on the capability of Hodor, delivered in 2019.Wayfinder has a 68-meter length, 14-meter beam and a draft of 2.4 meters which permits close coastline navigation.
The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement
For professional maritime training, the 2020 holiday season was bright indeed. In a world clutching for optimism, officials from the U.S. Maritime Administration (MARAD) made a series of announcements that will strengthen, expand and intensify America’s maritime academic programs—really the maritime industry—for at least the next decade, likely much longer.
Congress on Monday approved $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV). The state-of-the-art ship will be assigned to the Texas A&M Maritime Academy at Texas A&M University at Galveston, serving as a training platform for future merchant mariners and offer a critical disaster resource in the Gulf Coast.
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators.Feeders collect containers from smaller ports and take them to terminals where they can be loaded onto large vessels.