The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
An oil tanker caught fire in Hong Kong's southern waters on Tuesday, killing one crew member while at least 21 were rescued, police said, with witnesses reporting a loud blast that shook windows several kilometers away.Rescue operations were going on about one nautical mile south of Lamma Island."There are still some crew that haven't been saved," a police spokeswoman told Reuters.
The Norwegian oil and gas major Equinor ASA said it has completed the purchase of a 50% stake in the Baltyk I offshore wind project (OWP) in Poland from Polenergia.The Bałtyk 1 offshore location license allows for a development of a wind farm with a capacity up to 1560MW. Equinor will own up to 780MW.
Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I. On November 22, 2019, an agreement was reached to liquidate Navios Europe I. The agreement is subject to definitive documentation which is expected to be completed by the end of 2019.
Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I. As of September 30, 2019, Navios Acquisition had a receivable of $32.3 million from Navios Europe I.
The view from the Bouchard Boardroom and … beyond.The roots of the now familiar and reliable articulated tug and barge (ATB) business are deep and stretch all the way back to the 1800’s. Along the way, various patents to connect a tug and a barge with a secure mechanical connection were filed.
Bouchard Transportation Co. announced the delivery of ATB unit M/V Evening Breeze and Barge No. 252 (B. No. 252), respectively, from VT Halter Marine Inc. (VT Halter Marine) and Bollinger Shipyards.M/V Evening Breeze left VT Halter Marine’s Pascagoula Shipyard facility on Tuesday, March 12, 2019, and will meet and pair up with B. No. 252 before sailing to join Bouchard’s fleet service in New York.
VT Halter Marine was selected for Phase 1 Preliminary/Contract design for the National Oceanic and Atmospheric Administration (NOAA) AGOR Variant (NAV). For the NAV program VT Halter Marine teamed with Gibbs & Cox, Inc. to provide NAVSEA and NOAA a design approach that will deliver efficient and multi-mission effective NOAA AGOR Variant (NAV) Ships.
Bouchard Transportation Co., Inc. announced Friday that one of its barges has ended its shipyard period after completing a major overhaul.The work was performed at Gulf Marine Repair in Tampa, Fl. She left the shipyard earlier this week.Bouchard Barge No. 295 (B. No. 295) left Gulf Marine Repair in Tampa, Fla.
Insufficient Maintenance Program, Lack of Guidance Led to Passenger Vessel Fire. The National Transportation Safety Board determined during a public meeting held Tuesday that an insufficient preventative maintenance program and lack of guidance for responding to engine high-temperature conditions, led to the Jan.
The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship on Saturday, Oct. 26 at its facility on Lake Michigan.The commissioning of USS Indianapolis will mark the fourth time a U.S. Navy vessel will bear the name of Indiana’s capital city.
US-based construction company McCarthy Building Companies began construction in Oct. on a new container yard within Port Houston, located in Pasadena, Texas.According to a press release from the 150 years old company, the project with Port Houston, will be a 45-acre expansion on the existing Bayport Container Terminal in continued efforts to grow and modernize the port.