Stay in your lane. Ignoring such wisdom can result in catastrophe if you’re drag racing and lead to general unpleasantness on bowling league nights. This same guidance in other circumstances, for example, can be toxic. It can inhibit innovation and, at the worst possible moment, prevent the sensible use of available resources to improve a bad situation.
As privately owned, luxury yachts near the size of the average cruise ship, behold a new option, which is anything but commonplace: The Ritz-Carlton Yacht Collection. At 624 feet and 11 decks, her exterior profile resembles a sleek superyacht design, not a cruise ship on the horizon. Launched in October 2018 at Hijos de J.
BAE System’s San Diego yard is a critical player in keeping U.S. Navy ships operatingWalk with David M. Thomas, Jr., VP & GM, San Diego Ship Repair, BAE Systems, and a few things become immediately clear: Dave Thomas is passionate about cleanliness and order, as the San Diego yard is compact and bustling with work, yet impeccably clean.
Russian Prime Minister Dmitry Medvedev said on Monday that the Nord Stream 2 gas pipeline would be completed in a matter of months and U.S. sanctions imposed on the project last week would not be "catastrophic".Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.
A sunken towing vessel has reportedly discharged oil and is blocking the channel in Pass a Loutre near Venice, La., the U.S. Coast Guard said on Monday.The Coast Guard said it is responding to the incident after having received a report around 2 a.m. Monday that the towing vessel Dejeanne Maria had struck a submerged object and began sinking while pushing two empty dry cargo barges downbound on
Russian President Vladimir Putin on Tuesday invited foreign investors to take part in the construction of port infrastructure in Murmansk and Petropavlovsk-Kamchatsky that would serve the Northern Sea Route.Speaking at an Arctic forum in the Russian city of St Petersburg, Putin also asked the government to draw up plans for tax relief that would promote the development of the Arctic region.
Last week, the National Offshore Safety Advisory Committee (NOSAC) overwhelmingly approved recommendations that the U.S. Coast Guard (USCG) remove the hinderances that prevented U.S. energy-industry vessels, from assisting Puerto Rico with recovery efforts after Hurricane Maria.The offshore energy industry is serviced by highly specialized vessels.
German shipbuilding company Flensburger Schiffbau-Gesellschaft (FSG) has handed over another Ro-Ro ship to SIEM Shipping.The Flensburg-based designer and manufacturer of ships for commercial and naval applications worldwide said in a press release that this is the sixth RoRo ship that FSG has delivered to SIEM and is identical in construction to the sister ship “ALF POLLK”.
Greek shipping company Tsakos Energy Navigation (TEN) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international energy concerns for an aggregate period of 36 months. The total gross revenues from these two fixtures, over the duration of the respective contacts, is expected at about $60 million
Bipartisan Congressional Leaders Highlight Importance of Jones Act, Employing 650,000 Americans incl. Veterans, for National & Economic Security. Following the signing of an Executive Order by President Donald J. Trump to create an easier pathway for veterans to transition into maritime careers in the U.S.
The outlook for the global shipping sector into 2020 will remain stable as higher expected earnings are counterbalanced by US/China trade tensions and worldwide regulatory risks, according to rating agency Moody’s.According to Moody’s, the key drivers of the stable outlook are a combination of anticipated EBITDA growth of 16%-18% into 2020 (although from a relatively low base in 2018) and
Italian shipbuilder Fincantieri said on Tuesday it had acquired a majority stake in information technology company Insis, to widen the range of products and services it offers.The state-controlled group did not revealed the financial terms of the deal, adding that Insis, which employees 100 people, posted revenue of 51.7 million euros ($58 million) last year.