A tugboat is partially sunk and leaking diesel after alliding with a bridge in North Carolina's Oregon Inlet, the U.S. Coast Guard said.All eight people aboard the tug Miss Bonnie reached shore safely without injury after the vessel struck the Old Bonner Bridge at 11:09 a.m. on Sunday.
So far in 2019, 41 VLCCs have been added to the global fleet compared to three vessel demolitions, said the world's largest oil tanker shipping company Frontline Ltd.An additional 33 VLCCs are scheduled to be delivered in 2019 with 43 more to follow in 2020 before the order-book declines sharply.
Belgium-based crude oil tanker company Euronav NV has sold its oldest very large crude carrier (VLCC) for conversion into a floating production storage and offloading (FPSO) vessel.The ship owner announced that its subsidiary Euronav Luxembourg has sold the VLCC vessel VK Eddie (2005 – 305,261 dwt) to a global supplier and operator of offshore floating platforms.
Interstate-McBee brings affordable aftermarket replacement parts to a marine sector thirsting for new ways to bolster the bottom line. As freight rates, subchapter M and the advent of EPA Tier IV requirements all impact the market, an affordable overhaul of an existing engine is one way to find real relief.
Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market, which will drive the commoditization of the space and enable further demand.
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers
A ‘work in progress,’ the North American brown water, shallow draft sectors have experienced a tumultuous year of evolution, changing market conditions, a rapidly shifting regulatory environment and new opportunities. Anything but boring; and within the pages of Maritime Reporter’ & Engineering News’ Annual Yearbook, Joseph Keefe, editor of sister-publication MarineNews
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine.
To start, can you give an overview of the Thermamax offering to the maritime industry?Thermamax is a specialist in the design and manufacture of thermal and acoustic insulation solutions for diesel engines, spark ignited engines, exhaust aftertreatment systems and electric storage systems.
Hungarian salvage crews prepared on Monday to raise the wreck of a pleasure boat that capsized on the Danube river in Budapest, killing 26 South Korean tourists and two local crew.The Mermaid sank after a large Swiss-owned cruise liner struck it from behind on May 29 as both vessels passed under a 19th century bridge in the Hungarian capital during heavy rain.
Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the support vessel Sjøborg during loading operations at 1:55 a.m., and there were no injuries to the 276 people on the platform, Equinor said.
A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni, but flows have halved in recent weeks