Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports.The hurricane also temporarily suspended operations at several liquefied natural gas (LNG) facilities in the world’s third largest exporter of the
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S.
The inquiry commissioned by the Berejiklian government into the Ruby Princess COVID-19 disaster has laid blame on NSW health officials, who made “inexcusable” and “inexplicable” mistakes. It also exonerated the Australian Border Force.In the report, the federal government was sharply criticized for refusing to allow an official to appear before the inquiry
Cruise industry rivals are teaming up in an effort to sail again.On Monday, Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd announced a joint task force to help develop safety standards for restarting their businesses during the coronavirus pandemic.The “Healthy Sail Panel,” co-chaired by former Utah Governor Mike Leavitt and former U.S.
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago
Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio said on Thursday.“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months
Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to continue operating on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.The company’s shares closed down more than 20% as it launched a $1.
Singapore is preparing to house hundreds of foreign workers in accommodation vessels typically used for offshore and marine industry staff as it races to find alternatives to dormitories where the novel coronavirus has been spreading rapidly.Tens of thousands of migrant workers, many from South Asia, live in cramped dormitories across Singapore
Greensea introduces a new hull crawler that easily attaches a Remotely Operated Vehicle (ROV) to a ship hull without magnetics, allowing the operator to “drive” the ROV and payloads over the hull. Initial hull crawlers are designed to work exclusively with the VideoRay Mission Specialist Defender ROV.
A real estate development company is looking for a U.S. city to become the new home for one of America's most historic ocean liners.Having reached a deal with the ship’s nonprofit owner last year, RXR Realty has been developing a plan to restore the famed SS United States and this week issued a Request for Expressions of Interest (RFEI) seeking a permanent waterfront location where America’s
Coronavirus test kits were delivered at sea on Thursday to an ocean liner barred from returning to port in San Francisco after at least 35 people developed flu-like symptoms aboard the vessel, which has been linked to two other confirmed cases of COVID-19.The diagnostic sampling kits were flown by helicopter to the cruise ship Grand Princess
The U.S. Navy’s newest nuclear-powered aircraft carrier John F. Kennedy (CVN 79) was christened Saturday during a ceremony at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division.The second aircraft carrier in the Ford Class, John F. Kennedy (CVN 79) is also the second aircraft carrier built by Newport News Shipbuilding named for JFK.