Two crew of a Malaysian offshore support vessel died on Tuesday after their ship hit a [platform] operated by state oil firm Petronas off the state of Sarawak on Borneo island.The Dayang Topaz rammed into the Baram B oil platform after its anchor cable broke in bad weather, Petronas and marine authorities said in separate statements.
Scott Theriot has been named president and CEO of Southwest Shipyard L.P., effective August 12, 2020.Theriot takes over from Read Boles who has served as interim president and CEO since February, following the passing of the shipyard's previous president and CEO Martin DeCamp.Boles has returned to his advisory role on the company's board of directors.
Littoral Combat Ship (LCS) 21, the future USS Minneapolis-Saint Paul, completed acceptance trials in Lake Michigan ahead of final outfitting and fine-tuning before delivery to the U.S. Navy in 2021.LCS 21 is the 11th Freedom-variant LCS designed and built by the Lockheed Martin-led industry team that includes Fincantieri Marinette Marine and Gibbs & Cox.
The Baltic Exchange's main sea freight index edged higher on Tuesday, helped by gains in supramax and panamax vessel rates, and marked its best month on record.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 5 points, or 0.3%, to 1,799.
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry commodities around the world, posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up.The 35-year old index, which reflects rates for capesize, panamax and supramax ships
A cruise ship at the heart of Australia’s biggest coronavirus cluster arrived off the Philippines on Thursday to repatriate more than 200 crew, leaving behind weeks of outrage and acrimony over why symptomatic passengers were allowed to disembark.Just under a quarter of Australia’s 97 coronavirus deaths can be traced back to Carnival Corp’s Ruby Princess
Engineering firm BMT has unveiled a new hull-form specifically designed for long range autonomous operations. The Pentamaran design has been optimized to reduce fuel consumption and increase its adaptability across multiple applications.Offering a myriad of applications for defense and commercial innovators, Pentamaran vessels may be custom configured for military, patrol
Admiral James Steele Gracey, USCG (retired), 17th Commandant of the Coast Guard, passed away on Sunday, April 5, 2020, in Falls Church, Va., at the age of 92.Born in Newton, Mass. in 1927, Adm. Gracey graduated from the United States Coast Guard Academy in 1949. Adm. Gracey was a 1956 graduate of the Harvard Graduate School where he earned a Masters Degree in Business Administration.
As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund.
Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.A worker was in isolation on the Norwegian energy firm's Martin Linge oil and gas platform off Norway where production is due to start at the end of this year
A Lockheed Martin-led team has secured a multibillion dollar order from the U.S. Navy to build four Multi-Mission Surface Combatants ships for the Kingdom of Saudi Arabia, as part of the U.S.’s Foreign Military Sales program.Fincantieri Marinette Marine (FMM), who has been working with Lockheed Martin
Littoral Combat Ship (LCS) 19, the future USS St. Louis, has completed acceptance trials in Lake Michigan and will now undergo final outfitting and fine-tuning before delivery to the US Navy early next year.Christened and launched on December 15, 2018, LCS 19 was built by Marinette Marine in Marinette, Wis. The vessel is the seventh ship in naval service named after St. Louis, Mo.