Seven grains ships stranded at Argentina's export hub of Rosario will be towed free and sent out to sea after they were loaded with more produce than could be carried on the port's increasingly shallow waters, local authorities said on Friday.Rosario traffic has been snarled in the aftermath of a 48-hour strike by tugboat captains and other workers managing the flow of agricultural cargo ships.
The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S.
The U.S. Transportation Department has completed its assessment of what ships are available to carry petroleum products from the Gulf to the Eastern Seaboard and is ready to review any Jones Act waiver requests, the White House said on Wednesday after a ransomware attack on Colonial Pipeline disrupted supplies.The Jones Act requires goods moved between U.S.
The Transportation Department said on Tuesday it was evaluating whether a temporary waiver of the Jones Act is needed to ensure sufficient gasoline supply to some U.S. states after the ransomware attack on Colonial Pipeline."The U.S. Department of Transportation (USDOT) has started the work needed to enable consideration of a temporary and targeted waiver of the Jones Act," the department said.
A 2019 fire on board a laid up towboat was likely caused by a catastrophic engine failure, the National Transportation Safety Board (NTSB) found.The Susan Lynn was docked and in layup at Tom’s Marine & Salvage yard on the Barataria Waterway in Lafitte, La., when the blaze broke out in the engine room on the morning of October 8, 2019, causing an estimated $1,350
France has offered Italian shipbuilder Fincantieri's a one-month extension to its planned acquisition of French rival Chantiers de l'Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.State-controlled Fincantieri has accepted the proposal, a spokesman said.
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometer-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions."We have completed this work," the consortium said in an emailed statement, referring to the pipe-laying in the German economic zone.
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.
Container shipping giant Mediterranean Shipping Company (MSC) counts biofuels and hydrogen-based fuels among options worth studying to potentially help the shipping industry meet decarbonization targets, one of the company's executive told an industry conference in Switzerland on Monday.“There’s no one single solution to decarbonize shipping.
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.The use of so-called floating storage onboard tankers comes as traditional onshore storage remains close to capacity as supplies outpace demand.
Norway stopped all cruise ships with more than 100 people on board from disembarking at its ports from Monday, after an outbreak of COVID-19 was reported late last week on a ship that had already disembarked at the port of Tromsoe.At least 41 passengers and crew who were on board the cruise ship MS Roald Amundsen, operated by Norwegian company Hurtigruten
A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge of COVID-19 cases threaten to stall any recovery in fuel demand, law firm Haynes and Boone said in a report released this week.Bankruptcies surged in the second quarter, including from major shale independents Chesapeake Energy and Whiting Petroleum