The Brazilian Navy said on Tuesday it had seized 3.6 metric tons of cocaine on a boat off the coast of northeastern Pernambuco state, in the largest single off-shore capture of the drug by Brazil.In a statement, the Navy said it had captured a small motor boat used for transporting people and cargo along the coast with five crew members heading to Africa.
U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodation services in the oil and gas area.For that, Covington, La.
Four international groups are competing to buy Exxon Mobil Corp's majority stake in a liquefied natural gas (LNG) terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around 800 million euros ($881 million), the sources said.
Eastern Shipbuilding Group, Inc. (ESG) on Thursday announced Joey D’Isernia has been appointed CEO and chairman of the board, succeeding company founder Brian D’Isernia, who is retiring after more than 46 years in the role.“We all stood on Brian’s shoulders as he built this company from the ground up.
Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1.18 from November's revised 1.23 reading.
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.
Royal Caribbean has unveiled new design details for what is set to be the world's largest cruise ship, Icon of the Seas.The 250,800 GT vessel, the first in Royal Caribbean's new Icon-class, is being built by Finnish shipbuilder Meyer Turku, who began construction in June. First announced in 2016, the mega cruise ship is scheduled for delivery in October or November 2023.
Water levels on the river Rhine in Germany have risen sharply after rain this week, approaching normal levels and helping cool off cargo shipping rates, vessel brokers and commodity traders said on Thursday.Prices for cargo shipping are falling as vessels are able to load more freight, they said.
Water depths on the river Rhine in Germany have fallen after dry weather this week but remain well above the crisis lows of this summer, vessel brokers and commodity traders said on Friday.Rain is expected in south German river catchment areas over the weekend and next week, which is expected to raise water levels again, they said.
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason
Ask anyone working in the shipyard business, and they’ll tell you balancing yacht, commercial and government vessel repair work concurrently is no easy task. Add a bit of new construction to the mix, and you’ve got Marine Group Boat Works (MGBW), a Chula Vista, Calif. shipyard that has seemingly mastered the balancing act.
Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows that disrupted transportation, vessel brokers and commodity traders said on Monday.But, since dry weather was forecast for much of this week, levels could fall again and the picture had not yet normalized, brokers said.