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.
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.
The Offshore Patrol Vessel (OPV) L’Adroit has adopted the Argentinian flag and becomes the A.R.A. BOUCHARD. The first one of the four OPVs ordered by Argentina has been designed and developed by Naval Group on its own resources. Handed over to the Argentinian Navy two months ahead of schedule and after only ten months of upgrade and modernization works.
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.