Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced that Hornbeck stock was was suspended from trading because the company did not maintain an average global market capitalization of at least $15 million
The majority of NY Waterway ferries taken out of service for safety violations last month have returned to regular operations, the U.S. Coast Guard said.On November 24, the Coast Guard revealed that Sector New York marine inspectors determined that 23 of NY Waterway's 32 ferries had damage or discrepancies significant enough to warrant a suspension of service.
On September 26, the State University of New York Maritime College hosted a conference on the emerging east coast offshore wind industry. “Offshore Wind Power, Planning for America’s Ocean Energy” focused on four fundamental topics:• East Coast Wind Farm Overview – Status of the Industry.• Jobs and Supply Chain Technical Working Group.• Wind Farm Port Development.
The U.S. Coast Guard ordered 23 New York Waterway ferries to suspend service over the last week after a series of inspections found the vessels to be operationally unfit. Coast Guard Sector New York marine inspectors determined the 23 ferries had damage or discrepancies significant enough to warrant a suspension of service.
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter.
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted "Offshore Wind Power: Planning For America’s Ocean Energy" today in New York.
Operations to recover oil from a World War II-era shipwreck are nearing completion after commencing on May 11, 2019 off the coast of Long Island, N.Y., the U.S. Coast Guard said on Thursday.The sunken vessel, Coimbra, was a supply ship owned by Great Britain that was torpedoed by a German U-boat off the coast of Long Island during World War II.
China Petroleum & Chemical Corporation (Sinopec ), China's first large-scale production of greener low-sulfur marine fuel oil (LSFO), announced the production capability of 10 million and 15 million tons of low-sulfur marine fuel oil in 2020 and 2023.The Beijing-based Chinese oil and gas enterprise said in a press release that by January 1, 2020
On Thursday, May 9, 2019, Total Lubmarine brought its "Total Global Sulfur Cap Forum" to New York City, a meeting including of Total Lubmarine business and technical executives and shipowners.The event, held aboard the historic Aircraft Carrier Intrepid Museum, gathered a full-house of local shipowners
Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port.
“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New York State Public Service Commission (PSC), July 12, 2018.To a great extent, this PSC comment provides direct insight into the dynamics behind New York’s pace-setting moves to establish offshore wind.
Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss of S$492 million a year earlier