U.S. crude exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas, thanks to faster-than-expected infrastructure additions.The infrastructure boom at Corpus Christi helped push crude exports there to a weekly record of 1.
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.
The Arleigh Burke-class guided-missile destroyer USS John S. McCain (DDG 56) completed her necessary repairs and extensive, accelerated upgrades over the last two years, following a fatal 2017 collision.The ship and her crew, now underway to conduct comprehensive at sea testing, will perform a series of demonstrations to evaluate onboard systems to ensure they meet or exceed Navy performance
Bermuda-headquartered Nordic American Tankers (NAT) said that its tanker segment is on upswing mode following he strong market improvement for its Suezmax tankers."However, seeing is believing and if anyone had doubts, last week, the international shipbroking firm of Clarkson Platou Research reported the largest week-on-week increase in the history of their freight index,"pointed out the company.
General Dynamics (NYSE: GD) appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO’s vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO. Jeffrey S. Geiger, who has served as president of Electric Boat since 2013, will retire effective September 30.
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S.
Huntington Ingalls Industries' Newport News Shipbuilding division lifted the upper bow section onto one of the new aircraft carrier being built for the U.S. Navy, signalling the completion of the ship's flight deck.The addition of the upper bow section is one of the last steel structural units, known as a superlift, to be placed on the newbuiild, John F. Kennedy (CVN 79).
Britain says it fended off Iranian attempt to block its oil tankerThree Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain said on Thursday.
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.
U.S. President Donald Trump agreed with Democratic leaders on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, Senate Democratic Leader Chuck Schumer said on Tuesday after a White House meeting.Trump and Democratic leaders are slated to meet again in three weeks to discuss how the "big and bold" plan - which would need the approval of Congress - would be paid for
Taiwanese liner Yang Ming Marine Transport Corporation has announced the launch of two new ultra-large container vessels (UCLVs), which were officially named at Imabari shipyard on March 6, 2019.The two ships, YM Warranty and YM Wellspring, have a container capacity of 14,000 TEU and will join the total of 20 UCLVs added to Yang Ming’s fleet since 2015.Yang Ming Marine Transport Corp.