Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo-listed group controlled by Norwegian-born billionaire John Fredriksen returned to court along with several subsidiaries after failing to win consent from
A South Korean delegation is heading to Iran on Wednesday to seek the release of a chemicals tanker and its 20-member crew seized in Gulf waters by Iranian forces, Yonhap news agency reported.Iran denied on Tuesday it was using the ship and its crew as hostages, a day after it seized the tanker near the Strait of Hormuz while pressing a demand for Seoul to release $7 billion in funds frozen
Shipping company Hafnia said on Monday that one of its oil tankers, the BW Rhine, had been hit by an unidentified "external source" that caused an explosion and a fire while the ship was discharging at Jeddah port in Saudi Arabia.The United Kingdom Maritime Trade Operations (UKMTO) said on its website that investigations into an explosion involving a tanker were underway
The U.S. Navy announced it will scrap the USS Bonhomme Richard (LHD 6), forgoing repairs to the Wasp-class amphibious assault ship that was ravaged by a major fire in San Diego in July."We did not come to this decision lightly," said Secretary of the Navy Kenneth J. Braithwaite. "Following an extensive material assessment in which various courses of action were considered and evaluated
The name of the first ship in the U.S. Navy's new guided missile frigate (FFG(X)) class will be USS Constellation (FFG 62), Secretary of the Navy Kenneth J. Braithwaite announced Wednesday while aboard the museum ship Constellation in Baltimore.The warship will be the fifth U.S. Navy vessel to bear the name Constellation. Braithwaite said the name was selected in honor of the first U.S.
Container shipping giant Mediterranean Shipping Company (MSC) counts biofuels and hydrogen-based fuels among options worth studying to potentially help the shipping industry meet decarbonization targets, one of the company's executive told an industry conference in Switzerland on Monday.“There’s no one single solution to decarbonize shipping.
Singapore has maintained its position as the world's top shipping hub for the seventh year straight, according to a report published by the Baltic Exchange and Chinese state news agency Xinhua.The Xinhua-Baltic International Shipping Center Development (ISCD) Index, now in its seventh edition
The U.S. Navy commissioned Independence-variant littoral combat ship USS Kansas City (LCS 22) Saturday, June 20.The Navy commissioned Kansas City administratively via naval message due to public health safety and restrictions of large public gatherings related to the coronavirus pandemic and transitioned the ship to normal operations.
The world's largest containership HMM Algeciras made its first European port call this week, entering Rotterdam’s Amaliahaven Wednesday on its maiden voyage to transfer containers at the Rotterdam World Gateway (RWG) terminal.The most recent vessel to hold the world’s largest containership crown
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great
Shipbuilder Austal Australia has been awarded a A$324 million (US$209.8 million) contract to design and construct six evolved Cape-class Patrol Boats (CCPBs) for the Royal Australian Navy.It is the largest contract for an Australian vessel construction program ever awarded to Austal in the company’s 30-year history.
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year