The United Nations said on Tuesday it was still waiting for Yemen's Houthi group to authorize deployment of an assessment team to a decaying oil tanker that is threatening to spill 1.1 million barrels of crude oil off the war-torn country's coast.Two weeks ago U.N. aid chief Mark Lowcock told the U.N. Security Council that Houthi officials had agreed to allow a U.N.
A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a flood of trivial suits.”Judge Gary Klausner in Los Angeles said in Tuesday’s ruling that allowing passengers to collect damages based on potential COVID-19 exposure without suffering
Hudong-Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corp, has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million), reported the state-backed Jiefang Daily on Tuesday.The LNG carriers, each with a capacity of 174,000 cubic metres
China’s new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday, rising as much as 16.7% on the Shanghai International Energy Exchange (INE).The front-month January contract, with a listing price of 2,368 yuan per tonne, later pared gains to close 9.8% higher at 2,599 yuan ($367.35) per tonne at the close of afternoon trade.
In an alert that appeared aimed squarely at Iran, the U.S. Navy issued a warning on Tuesday to mariners in the Gulf to stay 100 meters away from U.S. warships or risk being “interpreted as a threat and subject to lawful defensive measures.”The notice to mariners, which was first reported by Reuters, follows U.S.
German conglomerate Thyssenkrupp is in talks about possibly merging its subsidiary ThyssenKrupp Marine Systems (TKMS) with a domestic rival to create a national champion.The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that the company was in talks as an alliance could make sense in the current European market environment
Genting's Crystal Expedition Cruises announced the launch of its new polar class luxury expedition ship Crystal Endeavor will be delayed due to the temporary closure of the MV Werften shipyards during the COVID-19 pandemic.The 164-meter, 20,000-gross-ton Crystal Endeavorc is currently berthed in MV Werften's Stralsund yard for final outfitting and was due to enter service in August before the
Several workers on a BP Plc oil platform in the U.S. Gulf of Mexico have tested positive for coronavirus, the company said on Wednesday, a day after a worker at BP's operations in Alaska also tested positive.The cases are the first recorded among oil workers in the Gulf of Mexico and Alaska, and follow a positive test at an Equinor offshore project in the North Sea.
At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output
California’s governor on Thursday asked President Donald Trump to send a U.S. Navy hospital ship to the port of Los Angeles “immediately” as the state braces for an expected surge in the number of coronavirus cases over the next eight weeks.Trump said earlier this week the Navy hospital ships Mercy and Comfort would be pressed into service, one on each coast
A consortium formed by Germany’s Thyssenkrupp AG and Brazilian planemaker Embraer SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.
INSIGHTS: Thomas C. Escher, Chairman, Red and White FleetIn 1960, Tom Escher, the grandson of the founder and now the current owner, started working as a sweeper and a mechanics helper on the Red and White vessels. In 1997, Escher purchased the Red and White Fleet, becoming the third generation of the family to own and operate the business.