U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.On Friday, a Chevron-chartered vessel approached the South American country's waters to pick up a cargo of Venezuelan crude.
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among leading marine-nuclear thinkers revolves now around how to put an ultra-modern
The busiest U.S. seaport expects August imports to begin easing from record highs as retailers cancel orders in the wake of shoppers' pulling back from freewheeling pandemic spending, the executive director of the Port of Los Angeles said on Wednesday.The Port of Los Angeles and the adjacent Port of Long Beach handle more imports from China than any other U.S.
Ask the right government department in any G7 state and you’ll find funding to put battery power for your vessel. Beyond funds, new battery makers and system integrators are ironing out safety issues, and a growing number of giga-sized cell factories offer hope that costs will fall for marine energy storage, as ESS choice grows.
A 100-year-old, out-of-service passenger ferry Tourist No. 2 capsized in the Columbia River while moored near Astoria, Ore. on Thursday. There were no passengers on board.The U.S. Coast Guard said it is responding and that an investigation into the cause of the sinking is underway.
The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are "unlikely to abate in the short term," world No. 1 container shipping company Maersk told Reuters on Wednesday.Maersk is viewed as a bellwether for global trade as it transports goods for retailers and consumer companies from Walmart and Nike to Unilever.
A U.S. judge on Wednesday said the owner of an oil tanker must pay the United States $44.6 million over its role in a 2017 collision between the tanker with a U.S. Navy destroyer in southeast Asia that killed 10 sailors and injured dozens more.U.S. District Judge Paul Crotty in Manhattan found Energetic Tank Inc 20% responsible and the United States 80% responsible for the Aug.
New federal money promises dramatic impacts throughout the United States’ inland waterways system in 2022 and beyond. This report focuses on America’s central rivers; the Western rivers will be covered in a future report. These central rivers reach 11,000 miles, from Pennsylvania to Florida and from Texas to South Dakota.Consider the money within the U.S.
U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown in growth in the world's No. 2 economy could have global spillover effects that warrant close attention.
Jennifer Carpenter joined The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry, in August 1990 and became its president and CEO in January 2020. She weighs in some of the most important developments in the industry today, from “hugely exciting” opportunities in offshore wind
Two Matson Inc subsidiaries must face claims from rival container shipping company American President Lines LLC that Matson is abusing its market power over service from the United States to Guam, a federal judge ruled in an antitrust lawsuit.The ruling Friday by U.S. District Judge Christopher Cooper in Washington, D.C.
An incorrect solution to address a main engine start issue led to the contact between an oil tanker and a loading dock in the Port of Corpus Christi, the National Transportation Safety Board (NTSB) said Tuesday.The agency published a marine investigation report detailing its investigation into the March 15, 2021, contact of the oil tanker Riverside with Moda Ingleside Energy Center No.