An increased number of oil tankers sit at anchor near the ports of Los Angeles and Long Beach as the volume of oil products held in floating storage around the globe has skyrocketed in the past month amid what analysts are saying is the biggest oil glut in history.There were 27 tanker vessels off the coast of Southern California Thursday afternoon, according to the U.S.
The promise of a vibrant U.S. offshore wind business has been long in the making. While questions remain on timing and pace, there is renewed confidence in the offshore wind sector, particularly in the northeast United States (global pandemic notwithstanding). Investment in the sector had escalated to start 2020, embodied best by Reinauer Group and its WindServe Marine unit
Associated Terminals runs an impressive mid-stream cargo handling operation on the Lower Mississippi River, unloading bulk carriers with high-efficiency cranes loading a carousel of barges. Maritime Reporter & Engineering News/MarineLink.com spent some time with Todd Fuller, President, Associated Terminals to discuss the operation.
Only 10 days ago, reports indicated that China cargoes were returning to pre-coronavirus levels, and there appeared to be light at the end of the tunnel. Today, however, a barrage of new headlines has underscored the impact on the rapidly changing global supply chain, including in the United States.
Like the magic carpet of ancient myth, air caster technology has revolutionized the way in which heavy payloads can be moved in a cost effective and efficient way — floating on air. Developed post-World War II by engineers at General Motors, air casters were later modified and improved for the construction of the iconic Boeing 707 in the early 1960s.
Washington-based boat builder Armstrong Marine said it has delivered a new 42’ x 16’ catamaran research vessel, Benthic Cat, to Orca Maritime, Inc. following launch and sea trials in Port Angeles Harbor. The vessel will enter service immediately, beginning with a week-long operation around San Clemente Island.
Britain's Royal Navy said on Monday one of its warships had helped to seize a batch of crystal meth worth more than 3.3 million pounds ($4.3 million) from smugglers in the Gulf of Oman.HMS Defender, a destroyer based at Portsmouth, southern England, sent a party to search a suspicious dhow as it conducted reconnaissance in the northern Arabian Sea.
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.
Cash-strapped livestock shipper, Wellard Limited has agreed to sell its Ocean Swagman vessel to major shareholder Heytesbury Holdings for $US22 million ($31.3 million).Australia's largest live export company said in a stock exchange announcement that Ocean Swagman has a capacity of 7,000 cattle or 26,000 sheep.
The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters.
Schoellhorn-Albrecht recently completed a contract to manufacture a 23,300 lb AC-14 type anchor for Military Sealift Command.The anchor will serve on a Watson Class Vehicle Cargo Ship used for prepositioning of ground vehicles.The anchor was manufactured to ABS rules and proof tested to 272,000 lbs in the presence of an ABS surveyor in Schoellhorn-Albrecht's St. Louis facility.