Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade.The loan, secured from a consortium of banks comprising BNP Paribas, HSBC and Société Générale
Bollinger Shipyards on Thursday delivered the USCGC Harold Miller to the U.S. Coast Guard in Key West, Fla. This is the 161st vessel Bollinger has delivered to the U.S. Coast Guard over a 35 year period and the 38th Fast Response Cutter delivered on the current program. The USCGC Harold Miller is the third of three FRCs to be home-ported in Galveston, Texas.
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
An ocean liner that previously carried two passengers who contracted the coronavirus was barred on Wednesday from returning to its home port of San Francisco from a voyage to Hawaii after at least 20 people aboard fell ill.California Governor Gavin Newsom said the cruise ship Grand Princess would remain at sea until passengers and crew complaining of symptoms that may be consistent with the
Houston-based Kirby Corporation said it has signed a definitive agreement to acquire Savage Inland Marine's towboat and tank barge fleet for approximately $278 million in cash and the assumption of leases.Kirby will acquire Savage's inland fleet consisting of 46 towboats and 90 tank barges with approximately 2.
Born and raised on the water by entrepreneurial parents, Basjan Faber knew from a young age that his future and fate was in maritime, specifically ship design. Today the CEO leads a vibrant, diverse and fast-growing naval architecture firm that he co-founded with partners in 2007. Headquartered in Amsterdam, C-Job has a unique approach to its business and is expanding its international footprint
Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulfur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said."The demand for hydrogen has grown steadily over the years at a much faster rate than GDP growth
Recently I was attending the United Nations Science Technology and Innovation conference (STI Forum). While I attended to present on Wave Energy Conversion, the main subject at the conference was STEM education and STEM gender inequality. Almost every country in the world reports a lack of available STEM educated workers
President Donald Trump said the USS Boxer destroyed an Iranian drone in the Strait of Hormuz on Thursday after the aircraft threatened the ship by flying to within 1,000 yards of it.He called on other countries to condemn Iran and protect their own ships.Reporting by Steve Holland
Operations to recover oil from a World War II-era shipwreck are nearing completion after commencing on May 11, 2019 off the coast of Long Island, N.Y., the U.S. Coast Guard said on Thursday.The sunken vessel, Coimbra, was a supply ship owned by Great Britain that was torpedoed by a German U-boat off the coast of Long Island during World War II.
Mansukh Lal Mandaviya took charge of the Shipping Ministry Friday as Minister of State (Independent charge).A Rajya Sabha (or Council of States is the upper house of the bicameral Parliament of India) member of the ruling political party Bharatiya Janata Party (BJP) from the state of Gujarat, Mandaviya has become Union minister for the second time at the age of 47.
Prime Minister Justin Trudeau on Wednesday said Canada would spend an estimated C$15.7 billion ($11.7 billion) to renew its coast guard fleet and that it would partner with a new shipyard to complete the project.Two Arctic icebreakers will be among a total of 18 new ships ordered, Trudeau told reporters in Vancouver.