Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast.
A subsidiary of Carnival Corporation has reached a deal to purchase port, railroad and retail operations that form a gateway to the Klondike Gold Rush region, in a major push into the Alaskan tourism industry.Carnival, the world’s largest cruise and leisure travel company, announced Thursday it has entered a purchase and sale agreement through its subsidiary Holland America Princess Alaska Tours
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday to near 15-week highs, boosted by rising rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 25 points, or about 2 percent, at 1,306 points, its highest since Jan. 10.
The Crowning Jewel of Thailand, Koh Samui, is luring superyachts to the other side of Thailand. A sparkling jewel in the crown of Thailand's stunning island destinations, Koh Samui is a paradise found. The third largest island in Thailand after Phuket and Koh Chang, Samui boasts of gorgeous pearl-white sandy beaches
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River. The St. Louis Regional Freightway
Coral reefs could start to dissolve before 2100 as man-made climate change drives acidification of the oceans, scientists said on Thursday. Acidification will threaten sediments that are building blocks for reefs. Corals already face risks from ocean temperatures, pollution and overfishing.
Methane Spirit, a liquefied natural gas tanker, said on Thursday it would arrive at Dominion Energy Inc's Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data. If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion said it expects to enter service in March.
The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, shed 14 points, or 1.
Coast Guard and partner agency crews responded to a ferry aground with 27 people aboard near Rockaway Inlet, New York, Wednesday evening. The Flyer, an 80-foot New York City Ferry became stuck on a sandbar after departing from the Rockaway terminal at 5:15 p.m., en route to Wall Street’s Pier 11 at approximately 5:30 p.m.
The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map showed, with the facility expected to enter service by the end of the year. Cove Point will be the second large LNG export terminal in the lower 48 U.S.
Responders are continuing the search for five missing Army aviators from a downed Army UH-60 Black Hawk helicopter approximately two miles west of Ka'ena Point, Oahu, Wednesday. Searching are: HC-130 Hercules airplane aircrew from Coast Guard Air Station Barbers Point MH-65 Dolphin helicopter aircrew from Coast Guard Air Station Barbers Point Coast Guard Cutter Ahi (WPB 87364) and crew
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, supported by higher rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0.31 percent, at 980 points. The capesize index jumped 50 points, or 4.27 percent, to 1,221 points.