U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.On Friday, a Chevron-chartered vessel approached the South American country's waters to pick up a cargo of Venezuelan crude.
Volvo Penta and CMB.TECH announced they are working together to accelerate the development of dual-fuel hydrogen-powered solutions for both on land and at sea applications.CMB.TECH owns, operates, and designs large marine and industrial applications powered by hydrogen and ammonia – fuels that it both manufactures and supplies to its customers.
The world's first dual-fuel hydrogen- and diesel-powered crew transfer vessel (CTV) is ready for service, outfitted to run the cleaner fuel that reduces up to 80% of its traditional fuel usage and associated emissions.The 25-meter vessel, Hydrocat 48—owned by Windcat Workboats, part of Compagnie Maritime Belge (CMB)—is based on the Windcat MK 3.
Hydrotug, the world's first hydrogen-powered tugboat, has been launched at Armón Shipyards in Navia, Spain, marking a key milestone on the path toward wider adoption of the sustainable, climate neutral fuel in workboat applications.Remaining outfitting work will be completed over the next few months ahead of sea trials later this year.
A lack of U.S. Coast Guard icebreaking capacity is hindering shipping on the Great Lakes, a U.S. maritime industry coalition said on Thursday.During this year’s ice season, the U.S.-flag Great Lakes shipping industry lost the equivalent of a month due to delays in ice covered waters, according to the Great Lakes Maritime Task Force, which represents U.S.
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade, as NorthStone Advisors expect it to, oilfield service (OFS) capacity is expected to tighten.
Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers.Brent crude rose $2.16, or 2.4%, to settle at $93.27 a barrel having earlier touched its highest since October 2014 at $93.70.U.S. West Texas Intermediate crude ended $2.
Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its key Asia market despite assistance from ally Iran, according to shipping data and documents.Exports this year are expected to get a lift after the United States relaxed oil sanctions by authorizing some partners of state-run firm Petroleos de Venezuela (PDVSA) to resume taking
The death toll from the sinking of an overcrowded ferry carrying Hindu devotees in northern Bangladesh climbed to 50 on Monday, with many passengers missing a day after the disaster.Onlookers and relatives of the missing gathered along the riverbank as rescuers searched for bodies, witnesses said.
European RoRo ferry operator CLdN announced on Tuesday that it has entered into an agreement to acquire all shares in Seatruck Ferries Holding Ltd. from Clipper Group. The transaction price was not disclosed.The deal is subject to regulatory approval from the Irish competition authorities, expected before year-end, CLdN said.
On June 24, Ingram Marine Group held a special christening ceremony for four vessels: M/V Capt. Roy Daniels, M/V Randy Hooper, M/V Debbie L. Owen and M/V Harold B. Warren. The M/V Debbie L. Owen and M/V Capt. Roy Daniels are new builds. The M/V Randy Hooper and M/V Harold B. Warren are refurbished vessels.
Governor Charlie Baker, Energy and Environmental Affairs (EEA) Secretary Bethany Card, and Massachusetts Clean Energy Center CEO (MassCEC) Jennifer Daloisio joined Massachusetts Maritime Academy (MMA) officials for a Global Wind Organization (GWO) training demonstration at the Academy.