The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with
The San Francisco Bay will soon have a new fossil fuel-free ferry floating in its waters, propelled completely by hydrogen fuel cells, and officials hope it heralds change on the high seas.Aptly named Sea Change, the 70-foot (21-meter), 75-passenger ferry will service multiple stops along San Francisco's waterfront.
A U.S.-sanctioned Venezuela-owned supertanker that had mechanical problems since January is transferring its 2-million-barrel cargo of heavy crude to other vessels in Asia, according to three people familiar with the matter.The very large crude carrier (VLCC) Maximo Gorki left Venezuela in November amid an export push designed to generate funds for cash-strapped state oil company Petroleos de
A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace have caught fire and the blaze requires specialist equipment to extinguish
U.S.-based Matson, a carrier in the Pacific, said this week it will reduce its fleet greenhouse gas (GHG) emissions by 40% by 2030, and achieve net zero fleet GHG emissions by 2050.The Honolulu-headquartered company joins peers such as Denmark-based Maersk and Switzerland-based MSC on a growing list of international shipping companies to reveal decarbonization plans that go beyond the
The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension, safety issues and structural integrity concerns come to the fore? Matt Tremblay, ABS Vice President, Global Offshore
Missouri prosecutors filed state charges on Friday against three employees involved in a 2018 boat accident on a lake in the tourist town of Branson in which 17 people were killed.Kenneth McKee, the boat's captain, and managers Curtis Lanham and Charles Baltzell each face 17 counts of first-degree involuntary manslaughter for taking the World War Two-style duck boat out in stormy weather.
Energy supplies originating from Russia were still being delivered to Britain on Friday after some dock workers at a terminal in southeast England sought to block a cargo in solidarity with Ukraine, ship-tracking data shows.Supplies of Russian liquefied natural gas (LNG) to Europe have been disrupted this week by uncertainty over whether ships can discharge cargoes at European ports after the
Her striking design makes “Black Shark” one of the most interesting superyacht projects at present. Nobiskrug and the owner have signed the contract for the continued construction of the vessel (new build project 793). With the third order since the economic restart the Rendsburg shipyard stays on its successful course since the takeover by Tennor Group.
With autonomous navigation and remote electronics management, Furuno is on a digital transformation journey to help revolutionize the maritime industry. Matt Wood, National Sales Manager, Furuno USA takes a deeper dive.In 1938, Kiyotaka Furuno founded Furuno Electric Shokai Ltd., the predecessor of Furuno Electric Company.
Gulf Intracoastal and U.S. inland waterways towboat and barge operator The Southern Devall Group announced it has appointed Kenny Devall as president and chief executive officer.The Southern Devall Group (TSDG), an affiliate of Chicago-based CC Industries, is the combined businesses of Southern Towing and Devall Towing.
Huntington Ingalls Industries (NYSE:HII) announced that Matt Mulherin Jr. has been promoted to vice president of contracts at its Newport News Shipbuilding division. Mulherin succeeds Christie Thomas, who has been appointed corporate vice president, investor relations.Mulherin will have overall responsibility for contracts, pricing, and export/import licensing and compliance for Newport News.