Wärtsilä has announced plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.Gas Solutions is a provider of gas processing systems. However, the business unit has limited synergies with the rest of Wärtsilä’s marine product portfolio. Therefore, Wärtsilä plans to move Gas Solutions to the Portfolio Business in preparation for a divestment.
Fort Lauderdale, Fla. based SEACOR Holdings Inc. announced it has signed a definitive agreement to sell its inland river transportation and logistics business to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.Part of the SEACOR family of businesses for over two decades, Inland River Transport Holdings LLC (SCF) includes more than 1,000 covered dry cargo hopper barges
Brazil’s commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to increase in southern ports, according to traders, analysts and shipping data.Exporters are reporting delays in coffee shipments due to a tight availability of trucks and containers, while loading waiting times for vessels have jumped
A Liberian-flagged oil products tanker hit a mine on Sunday in the Black Sea off the coast of Romania and sustained minor damage, but the crew was safe, sources said on Monday.It is the second vessel this month to have been hit by a floating mine in the Black Sea, in a reminder of the continued perils faced by commercial ships in the region.
Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the routes, according to trading and shipping sources.The arrival of new shippers working outside the purview of Western governments allows Russian firms to earn more than the $60 per barrel cap that the U.S.
A Turkish-flagged general cargo ship hit a mine on Thursday in the Black Sea off the coast of Romania and sustained minor damage but the crew was safe, maritime and security sources said.British maritime security company Ambrey, citing information it received, said the ship struck a sea mine 11 nautical miles north of Sulina in Romania, near the entrance to the Sulina Canal.
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding on Wednesday began construction on a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms.This Jones Act compliant vessel, for the joint venture CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy.
An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gulf Coast, was headed to the Bahamas on Wednesday under a new name, ship tracking data showed.The tanker Suez Rajan was the subject of attention this year for carrying more than 980,000 barrels of contraband Iranian crude oil, which was confiscated by the U.S. in a sanctions enforcement operation.
U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S.
Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island, according to vessel monitoring data.Following days-long lines to fill drivers' tanks and power blackouts, the communist-run nation saddled with harsh U.S.
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.The increased production is expected to help third quarter exports of U.S. liquefied natural gas (LNG) which fell in May to 7.66 million tonnes from a record 8.01 million tonnes in April, as plant maintenance curbed some output.
Maersk has agreed to sell its offshore marine service provider Maersk Supply Service to family-owned holding company A.P. Moller Holding for $685 million, the Danish shipping giant said in a statement on Monday.The sale marks the completion of Maersk's strategic shift that began in 2016 away from energy towards focusing on its transport and logistics business