Harland and Wolff, the Belfast shipyard that built the Titanic, has been sold by owner Dolphin Drilling to infrastructure specialists InfraStrata for £6 million ($7.3 million), saving the facility from closure, InfraStrata said on Tuesday.Harland and Wolff's multipurpose fabrication facility
The creditors of indebted French marine services company Bourbon reached a restructuring deal that would give them control of the company, protect jobs and draw new liquidity.Bourbon has been hurt by market overcapacity and a fall in spending on services by upstream oil and gas companies, but the deal with its creditors lifted its shares.
Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect and British naval forces seized an Iranian supertanker.Below is a timeline of recent incidents:May 2 - The United States, which withdrew from an international nuclear accord between Iran and global powers in 2018
World coal seaborne trade grew 3.7 percent last year helped by higher output in India, Indonesia and Russia, Germany's VDKI coal importers lobby said on Friday.Imports and exports rose to 1.202 billion tonnes from 1.159 billion tonnes in 2017, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters.Of the total, trade in steam coal used in power stations rose by 3.
The U.S. Coast Guard said it is responding to a sunken towing vessel near mile marker 22 on the Tennessee River, Tuesday. The two crew members on board were able to evacuate safely.The nearby Kentucky Lock and Dam has ceased locking operations due to the incident.The Coast Guard said its watchstanders at Sector Ohio Valley received a report at approximately 10 p.m.
The eastern Libyan oil ports of Es Sider and Brega have been closed due to bad weather but crude production has not been affected, an official from state oil firm NOC said.Storage capacity is sufficient for a few days and the remaining ports were open, the official said.Tankers were waiting to dock at Es Sider and Brega, port sources said.