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.
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.
The United States on Wednesday blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions move against Beijing over the disputed strategic waterway.The U.S. Commerce Department said the two dozen companies played a “role in helping the Chinese military construct and militarize the
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
President Donald Trump said on Wednesday he had instructed the U.S. Navy to fire on any Iranian ships that harass it at sea, a week after 11 vessels from Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) came dangerously close to U.S. ships in the Gulf.Close interactions with Iranian military vessels were not uncommon in 2016 and 2017. On several occasions, U.S.
Iran said on Monday that a U.S. move this month to seize a cargo of oil on the grounds that it came from Tehran was an act of piracy, adding that the shipment did not belong to the Iranian government.Washington filed a lawsuit earlier this month to seize the cargo, alleging that Iran sought to mask the origin of the oil by transferring it to several vessels before it ended up aboard the
Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter, they said in a statement, without disclosing the value.UOG is controlled by shipping industry veterans Peter Georgiopoulos and Leonidas Vrondissi.
The world's biggest container shipping line, Maersk, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.Maersk, which handles about one in five containers shipped worldwide
The volume of key oil products held in floating storage around the globe has more than doubled in the past month to about 68 million barrels, according to data from oil analytics firm Vortexa.The figure, which includes gasoline, diesel and jet fuel as of April 22, compares with around 30 million barrels in the previous month, Vortexa said.
The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year.
Throughput at the Port of Rotterdam is set to drop by up to 20% this year as the coronavirus pandemic disrupts production and trade worldwide, Europe's largest sea port said on Thursday.Throughput of containers, coal, oil products and other bulk goods already declined 9.3% in the first quarter from a year earlier, the port authority said