Maersk bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart.
In my May 2020 MREN USS Enterprise column I made a reference to the benefits of titanium as a hull structural material.It related to the life of the USCG cutter Bear and I concluded the column with a suggestion that titanium would be a particularly useful and cost-effective structural material for sail training vessels, aircraft carriers, research vessels, cruise vessels
India's army and navy deployed ships and aircraft as they searched for 26 people still missing more than three days after a powerful cyclone sank a barge off the country's west coast, killing 49 people on board.Cyclone Tauktae, the most powerful storm to barrel into the west coast in two decades, has killed at least 46 others after wreaking havoc in the states of Gujarat, Maharashtra, Goa
There is an old adage that states that a repair yard can economically build new ships, but a new construction yard should never touch ship repair jobs. In my experience there is a lot of truth to that statement, and it does not mean that new construction yards are run by less capable people; it simply means that ship construction and ship repair and conversion are fundamentally different
Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10.17 per share, or 0.
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.To try to block the $11 billion project, led by Russia’s Gazprom, successive U.S.
A deep freeze that hit Texas over the weekend wrought more havoc on the U.S. energy sector on Tuesday, curbing output in the largest U.S. oil field, knocking out a fifth of the nation's refining capacity, and shutting a key shipping channel in Houston.Historic cold has knocked out roughly 4 million barrels per day of refining capacity, more than one-fifth of national capacity
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind sector.The current pipeline of state procurement targets along the U.S. East Coast calls for 12 gigawatts of offshore wind capacity installed by 2030 and 29.
The sinking of the Estonia ro-ro passenger ferry stands out as one of the most disastrous accidents in modern times. The tragedy claimed 852 lives and the wreck was declared a marine graveyard. At first glance, the sinking seems to have been triggered by a single technical failure only minutes before the point of no return, with no warning signs.
The world's first very large gas carrier (VLGC) to run on liquefied petroleum gas (LPG) dual-fuel propulsion technology has completed sea trials, shipowner BW LPG announced Wednesday.BW Gemini and its newly retrofitted LPG propulsion technology were tested to their safe limits by an expert team from engine manufacturer MAN Energy Solutions
The name of the first ship in the U.S. Navy's new guided missile frigate (FFG(X)) class will be USS Constellation (FFG 62), Secretary of the Navy Kenneth J. Braithwaite announced Wednesday while aboard the museum ship Constellation in Baltimore.The warship will be the fifth U.S. Navy vessel to bear the name Constellation. Braithwaite said the name was selected in honor of the first U.S.
Long Island-based barge operator Bouchard Transportation has filed for Chapter 11 bankruptcy after several years fraught with legal and financial difficulties.The family-owned oceangoing tug and petroleum barge firm filed alongside several of its subsidiaries Monday in the U.S. Bankruptcy Court for the Southern District of Texas.