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.
Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division on Friday delivered the newest fast-attack submarine to the U.S. Navy.Delaware (SSN 791), which successfully completed sea trials earlier this month, is the ninth Virginia-class submarine to be delivered by Newport News and the 18th built as part of the teaming agreement with General Dynamics Electric Boat.
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.
German lender Norddeutsche Landesbank (Nord/LB) has completed the sale of a EUR 2.6 billion (USD2.9bln) shipping loan portfolio. The bank recently announced its withdrawal from shipping.A US hedge fund Cerberus Capital Management took over the portfolio, which comprises of the 263-vessel book - known as "Big Ben" - with a non-performing loan (NPL) portion of some 90%.
The provider of comprehensive services to oil and maritime companies, Chet Morrison Contractors (Morrison) has acquired two pipelay/construction barges and a saturation diving system from an undisclosed seller in a move to double the size of its pipelay barge fleet.Louisiana based energy services company said in a press release that the first asset it acquired is LB Super Chief
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 global manufacturer of equipment Chart Industries has joined SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG).Peter Keller, SEA\LNG chairman, commented: “We are thrilled to welcome another member from North America.
U.S. LNG equipment maker Chart Industries has received full notice to proceed (FNTP) regarding its production of cold boxes and brazed aluminium heat exchangers for Venture Global’s 10 million tpy Calcasieu Pass LNG export terminal project.The U.S. Federal Energy Regulatory Commission (FERC) approved Venture Global LNG request to proceed with full site preparation at its proposed 10 million
The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship on Saturday, Oct. 26 at its facility on Lake Michigan.The commissioning of USS Indianapolis will mark the fourth time a U.S. Navy vessel will bear the name of Indiana’s capital city.