Runaway Crane Barge Sinks on the Mississippi
The U.S. Coast Guard is working with a team of responders to recover a runaway crane barge that sunk near Convent on the Mississippi River. The crane barge broke…
Joe Pyne Joins DHT Holdings’ Board of Directors
Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors. Erik Lind, Chairman of DHT said, “We are very pleased to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the U.S. Pyne is the Executive Chairman of Kirby Corporation, a U.S.
Nigeria Ramps up Push to Eradicate Oil Theft
Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities…
TEN Charters Tanker at 20% Premium
Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited (TEN) announced today a charter renewal of a handysize product carrier to a…
Huntington Ingalls Cites Interest in Building US Icebreakers
Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.S. Coast Guard, after President Barack Obama pushed for quicker work on the program. The company's Ingalls shipbuilding unit, based in Pascagoula, Miss., built the newest U.S. icebreaker in the U.S. fleet, the USCGC Healy, which was delivered in November 1999.
MN: Foss Maritime Company
Foss Maritime Company is wholly owned by Saltchuk Resources, a privately owned family investment company formed in 1982 and based in the Pacific Northwest. Saltchuk has over $2 billion of assets invested in numerous operating companies in several different business groups, including deep water shipping logistics, ship management, tug and barge operations, fuel distribution and trucking. Foss regularly…
MN: Corvus Energy
Corvus is a manufacturer of proven, high power Energy Storage Systems (ESS). Its field proven battery systems provide power to hybrid and fully electric marine propulsion systems. Founded in 2009, Corvus provides purpose-engineered ESS solutions for marine, oil & gas and port applications. Using a customer’s load profile, Corvus engineers design an ESS tailored to the customer application without the expense of custom engineering.
MN 100: Continental Underwriters, Ltd.
Continental Underwriters, Ltd. is a national, multiline firm for all types of marine coverage. The firm offers both admitted and non-admitted products in all 50 states, packaged in flexible, competitively priced insurance options with broad terms and conditions for even the most unusual, complex, and hard-to-place risks. Continental’s 45 years of success ensures that insured’s receive extensive access…
IMO’s Sekimizu Condemns People Smugglers
Prompted by recent incidents in which hundreds of migrants attempting to cross the Mediterranean to Europe have lost their lives, including dozens found dead in the holds of the ships that were carrying them, International Maritime Organization (IMO) Secretary-General Koji Sekimizu has voiced strong condemnation and refreshed calls for concerted action to tackle people smugglers. Sekimizu noted that…
Glosten Acquires Noise Control Engineering
Seattle-based naval architecture and marine engineering consultancy Glosten, Inc. has acquired Noise Control Engineering LLC (NCE), a consulting firm specializing in ship noise and vibration control.
Brent Crude Falls More than 7 Percent
Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived…
Gunvor Emerges as Winner in Rosneft's Jumbo Oil Tender
Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday. They said Gunvor would lift from 200…
MODEC FPSO Achieves First off Brazil
MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract. The FPSO is chartered by Tupi B.V., a subsidiary of Petroleo Brasileiro S.A. (Petrobras), under a 20-year lease and operation contract.
Migrant Crisis Promts Call to IMRF for Help
Mediterranean Rescue Services are in urgent need of support because they are struggling to keep up with the replacement of equipment being used to rescue the increasing numbers of migrants in their waters and have contacted the International Maritime Rescue Federation (IMRF) for help. In response, the IMRF is relaunching its ‘Members Assisting Members’ webpage to help identify the need and enable connection to the 2,500 contacts on the database that may be able to help.
Polymer Serves an Array of Workboat Applications
Workboats are built for a diverse range of purposes, but they all share the need for trouble-free bushings and bearings. Answering this call, Vesconite offers a line of low-friction, long-lived polymers that it says thrive in a dirty, marine environment. The company's flagship product, Vesconite is a self-lubricating, low-wear material able to carry high loads at slow speeds. It doesn't swell in water or need to be greased…
LNG-fueled Box Ship a 'Momentous Step Forward'
On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S. maritime industry with cutting edge economic and environmental efficiencies powered by liquefied natural gas (LNG). “The launch of Perla del Caribe marks a momentous step forward for the future of U.S. maritime, using green technology to ensure the products we deliver are transported safely and efficiently…
Bulk Carrier Ship Delivered to Pioneer Marine
Pioneer Marine, a shipowner and drybulk handysize transportation service provider, announced it has accepted delivery of a 38,464 DWT Green Dolphin eco-design handysize vessel, the M.V. Falcon Bay.
New Tanker Stena Imperial Named in Savannah
A new 50,000 DWT MR chemical and product tanker based on the IMOIIMAX concept, Stena Imperial, was named yesterday in Savannah, Ga. Built by Chinese shipyard Guangzhou Shipbuilding International (GSI) and delivered on July 1, Stena Imperial recently arrived in Savannah on the U.S. East Coast with a cargo of palm oil. The new ship is owned by a joint venture of which Stena Bulk and Indonesian Golden Agri Resources (GAR) each own 50 percent.
Total Lubmarine Resumes Full Service in Tianjin
Marine lubricants and greases provider Total Lubmarine informs it has resumed all services based out of the Port of Tianjin following the deadly explosions that rocked the port August 12.
Oil Exports Could Push US Gasoline Prices Lower
The price of U.S. gasoline could fall if Washington were to allow crude oil exports, an independent government report on Tuesday concluded, adding political firepower…