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.
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
Erden Eruc is a man on a ‘human-powered’ mission, a mission which Elliott Bay Design Group recently assisted with donated design services as he plans for the next leg of his “Six Summits Project.” Next up: a solo row across the Pacific Ocean, a bike ride to Tibet and climbing Mt. Everest.
China's total crude oil imports surged 7.3% in 2020 despite the coronavirus shock early in the year, with record arrivals in the second and third quarter amid plunging oil prices and expanding refineries, data showed on Thursday.For 2020, the world's top oil buyer brought in a record 542.37 million tonnes of crude oil, or 10.85 million barrels per day (bpd).December shipments were 38.
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.The pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West that have sunk to post-Cold War lows.
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.
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.
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
I don’t remember when I discovered that the first application of lightbulbs occurred at sea rather than ashore. But when I dug a little deeper into the subject recently, I came across an interesting set of coincidences that shows how innovation often relies on simply doing, rather than endlessly talking about it.