SINGAPORE, March 24 -- From banks of screens and giant phones in the office, energy traders worldwide are adapting to a laptop in the bedroom -- and it's going surprisingly well.Working from home has become the new norm in the oil trading hubs of Singapore, London and New York as governments encourage physical distancing to curb the spread of coronavirus.
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
The future USS Delbert D. Black (DDG 119) completed builder’s trials February 22 after spending three days underway in the Gulf of Mexico, the U.S. Navy said. The trials were conducted by the shipbuilder, Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division.The ship was previously underway for Alpha trials in December, and will be underway again in March for acceptance trials
China's fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said.The spread of the deadly virus has shut down cities and factories in China and disrupted global air travel.
New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said.Marine fuels containing no more than 0.5% sulfur by weight, down from the 3.
Another year; another major fleet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work.“Kirby is definitely the big gorilla in the inland barge market,” affirmed Jefferies analyst Randy Giveans.
The guided-missile destroyer USS Fitzgerald launched from dry dock and is moored pier-side in Mississippi, a step closer to being fully repaired after a 2017 collision that left seven sailors dead, the Navy said.The U.S. Naval Sea Systems Command says the USS Fitzgerald launched out of a dry dock Tuesday at Ingalls Shipbuilding in Pascagoula, Mississippi.
The U.S. Navy's future guided-missile destroyer USS Delbert D. Black (DDG 119) completed acceptance trials on March 12, returning to Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division after spending two days at sea in the Gulf of Mexico.During acceptance trials, the ship's crew performed a series of demonstrations for review by the U.S.
US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015, the company imported nearly 2
U.S. Customs and Border Protection’s (CBP) Area Port of Philadelphia seized the MSC Gayane Thursday following a record seizure of 20 tons of cocaine on June 17.Upon application from the U.S. Attorney’s Office for the Eastern District of Pennsylvania, the United States District Court for the Eastern District of Pennsylvania issued a seizure warrant for the vessel.
Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and gas industry looks to cut debt after reaching deal with senior bondholders, as it attempts to restructure its crippling debt load.
About 150 people are missing after a boat sunk on a lake in eastern Democratic Republic of Congo, President Felix Tshisekedi said on Tuesday."I am very saddened by the shipwreck of a pirogue on (Monday) April 15 on Lake Kivu. The provisional toll is 150 people missing," Tshisekedi said on his office's Twitter account.