International Seaways, one of the world's oil largest tanker operators, petroleum products, has completed the previously announced merger with Diamond S Shipping Inc. The combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW.
Seattle-headquartered Saltchuk Holdings informed the U.S. Securities and Exchange Commission (SEC) that it has proposed to buy the Overseas Shipholding Group (OSG) shares it doesn't already own for $3 each, lifting shares of the Tampa, Fla.-based marine transportation company on Friday.As of June 29, Saltchuk beneficially owned 15.2 million (17.
Eastern Shipbuilding Group, Inc. (ESG) on Monday held a keel authentication ceremony for the U.S. Coast Guard’s future Offshore Patrol Cutter (OPC), USCGC Chase (WMSM-916), at its Nelson Street facility in Panama City, Fla.The 360-foot vessel is the second of the Heritage-class OPC being built by Eastern to replace the Coast Guard's 210-foot and 270-foot Medium Endurance Cutters.
The Canadian government on Thursday promised to build two Arctic icebreakers and create hundreds of jobs in two politically influential provinces that will help decide an election considered likely this year.The ruling Liberals, citing the need to boost Canada's Arctic footprint as global warming opens up the region
The Monterey Bay Aquarium Research Institute (MBARI) is embarking on a new chapter in its ocean research with the construction of a state-of-the-art ship, a vessel named in honor of MBARI’s founder, David Packard. The R/V David Packard will be capable of accommodating diverse expeditions in Monterey Bay and beyond to further the institute’s mission to explore and understand our changing ocean.
A containership rescued a boater clinging to the hull of his capsized vessel approximately 86 miles east of Port Canaveral, Fla., Sunday.Stuart Bee departed Cape Marina in Port Canaveral on Friday and was reported missing Saturday after he did not return from his day trip. A marina member contacted watchstanders at Coast Guard Sector Jacksonville at 11:40 a.m.
Proman Stena Bulk, a joint venture between Proman Shipping and Stena Bulk, has agreed to build an additional vessel, the methanol-powered Stena Prosperous.The joint venture in November 2019 signed a deal with Guangzhou Shipyard International (GSI) in China to build two IMOIIMeMAX methanol-ready 49,900 DWT vessels, with the first vessel due for delivery at the beginning of 2022.
An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela's maritime division is undergoing repairs in Cuba after suffering a fire while discharging last week, four people familiar with the matter said this week.The Aframax-sized vessel Teseo had set sail from Venezuela's Cardon port with about 500,000 barrels of fuel oil for power generation on October 20
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships
The owner of an unseaworthy tug boat was convicted of hindering an Australian maritime safety official in Cairns Magistrate Court on October 13.Anthony Roy Wolfe was found guilty, with a conviction recorded on his criminal record for the next 10 years and fined $750 for hindering an Australian Maritime Safety Authority (AMSA) inspector who detained Wolfe's ex-navy tug, the Wallaroo.
Singaporean-based Eastern Pacific Shipping (EPS) said it will trial biofuel bunkers aboard its 2010-built 47,377 dwt MR tanker Pacific Beryl.EPS, which has said it aims to test various alternative marine fuels in an effort to reduce its greenhouse gas emissions, has appointed Dutch-based GoodFuels to supply the biofuel bunkers.
Has the age of maritime discovery and exploration actually ended? Perhaps not exactly. As the history of maritime resilience and the human element shows, as far back as the 1500s and earlier, from using new navigational aids and improved ship designs, to coastal and inland route sailing, to navigating on open seas with uncertain charts, wayward icebergs, dense fog and luckily at times