Nearly four years into their odyssey at sea, the five-member crew of oil tanker MT Iba [ex-Titan Brave] is tantalizingly close to shore, yet still unable to set foot on dry land.Bleary-eyed and wearing tattered clothes, the men are exhausted from an ordeal that has kept them from their families and aboard the 5,000-tonne vessel long after its owner abandoned it in the Gulf.
Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea.About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply chains.In December the U.N.
Uncrewed minesweeping systems, designed by Atlas Elektronik, will detect and destroy sea mines on naval operations for the UK Royal Navy, thanks to a £25 million contract announced Tuesday.The Combined Influence Minesweeping (SWEEP) system will be the Royal Navy’s first uncrewed minesweeper.
Dutch marine and dredging giant Boskalis has won a contract for the land development design and construction of the Manila International Airport (MIA) in the Philippines, in what the company said Tuesday was its largest contract ever.The contract was awarded by San Miguel Aerocity Inc (SMAI), a subsidiary of San Miguel Corporation (SMC), one of the largest companies in the Philippines.
Iran's Revolutionary Guards have seized a Panama-registered vessel in the Gulf suspected of smuggling 300,000 liters of fuel and detained its crew of 10, the semi-official Fars news agency reported on Friday.The agency did not give the nationality of the crew members or other details of the incident in its report.
Leading tanker operator Euronav posted record high first-quarter results on Thursday and expects strong demand for oil storage at sea to continue in 2020, driving its shares up 8.5%.The world is still struggling with an oil glut due to a drop in demand caused by the coronavirus even after top oil producing countries have cut output.
Ferry operator Viking Line said Tuesday it will restart passenger service for essential travel after the Finnish government annouced plans to gradually ease some restrictions related to the coronavirus pandemic.Passenger service will be restricted to travel for work and other travel defined by the authorities until at least May 31, the cruise ferry operator said.
Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed a record cut in output from May of 9.
Admiral James Steele Gracey, USCG (retired), 17th Commandant of the Coast Guard, passed away on Sunday, April 5, 2020, in Falls Church, Va., at the age of 92.Born in Newton, Mass. in 1927, Adm. Gracey graduated from the United States Coast Guard Academy in 1949. Adm. Gracey was a 1956 graduate of the Harvard Graduate School where he earned a Masters Degree in Business Administration.
Huntington Ingalls Industries (NYSE: HII) said that its Ingalls Shipbuilding division has received a $1.5 billion fixed-price-incentive modification to a previously awarded contract for the procurement of the detail design and construction of amphibious transport dock LPD 31. The ship will be the 15th in the San Antonio class and the second Flight II LPD.
Trading house Glencore has chartered the 3 million barrel crude carrier Europe to store oil at sea for at least 6 months, trading sources on Tuesday.The vessel is one of two so-called ultra large crude carriers (ULCC), the largest tankers in the world.Glencore booked the vessel at a rate of $37,000 a day for the first six months, according to the sources.A Glencore spokesman declined to comment.
Swiss-based offshore contractor Allseas said it has acquired an ultra-deepwater drillship for conversion to a polymetallic nodule collection vessel.In partnership with deep sea mining company DeepGreen Metals Inc., Allseas is developing a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore.