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
The application period for this year’s MN100 edition is officially open and underway!Each year, the August edition of Marine News magazine profiles the best 100 firms in brown water, workboat space.There will never be a better time for you to tell Marine News just why your firm is one of the best in the business.
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry, a bellwether for international trade, has been blown off course by the new virus
Austal Limited announce that Austal Australia has launched Hull 394, the first of two 118-meter high-speed trimaran ferries currently under construction for Fred. Olsen Express of the Canary Islands.The aluminum vehicle-passenger ferry, to be known as Bajamar Express, was launched at Austal’s Henderson, Western Australia shipyard on February 4, and is now in the final stages of fit out
The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet brand with more than 140 offices and branches worldwide, Mammoet said in a press release on Wednesday.
Crowley Fuels has signed construction contracts to build a 55,000-barrel, articulated tug-barge (ATB) that is specifically designed to serve the Western Alaska market with delivery of clean fuel products.The 410-foot ATB will have enhanced performance features for the demanding river and sea conditions of Western Alaska
According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded.
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance
Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing International.The time charter commences in September 2019 after the delivery of the unit, Höegh LNG’s tenth, from Samsung Heavy Industries Co., Ltd.
The Dubai-based Tristar Group announced that it has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea shipbuilder, Hyundai Mipo Dockyard.The vessels will be delivered between the middle of May 2020 till the first week of January 2021, said a press release from the fully integrated liquid logistics solutions provider.
The Estonian government has refused to start the permitting process for the building of a $1.9 billion, 600-MW offshore wind farm off the west coast of the island of Saaremaa, citing national security concerns.The Estonian developer Saare Wind Energy OU had been drawing up plans for four years and had applied for a 50-year building permit for 100 six-megawatt turbines off the island of Saaremaa
The Commandant of the United States Coast Guard delivered his first State of the Coast Guard address Thursday at Coast Guard Base Los Angeles-Long Beach in San Pedro.Speaking from the largest port in the nation, Adm. Karl Schultz highlighted Coast Guard security and marine safety operations, which facilitate $4.6 trillion in annual economic activity.