Titan Acquires HII's San Diego Shipyard
One the United States' largest fleet service and ship repair sites is changing hands.Ship repair and commercial- and defense-related fabrication services provider Titan Acquisition Holdings announced on Wednesday it has reached a deal to acquire San Diego Shipyard from Huntington Ingalls Industries (HII). Financial terms were not disclosed. The transaction, expected to close in the second quarter, is subject to customary closing conditions.The San Diego Shipyard…
Baltic Index Edges Up
The Baltic Exchange's main sea freight index inched higher on Wednesday, helped by an uptick in rates for panamax vessels, but sentiment remained negative as the coronavirus outbreak disrupted vessel shipments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was up 3 points, or 0.7%, at 421.The main index slid to a near 4-year low of 411 on Monday.Global ship deliveries have been hit as yards in China struggle to get fully back to w
Stephens Elected PVA President for 2020
Colleen Stephens, President of Stan Stephens Glacier & Wildlife Cruises will be President of the Passenger Vessel Association (PVA) for 2020, the trade association announced.Elected during the PVA Annual Convention at MariTrends 2020 held February 3-6, 2020 in Tampa, Fla., Stephens reaffirmed PVA's commitment to continuously improving safety in passenger vessel operations as well as the association's engagement in being good stewards of the environment.
US Seaborne Crude Oil Exports Up 51%
December could boast another all-time high for US seaborne crude oil exports, totaling 13.9 million metric toes and exceeding the previous October record by almost a million metric tons. In 2019, 133 million metric tons of sweet US crude oil was exported by sea, a 51% increase from 2018.Due to the US shale revolution, the country became a net seaborne crude oil exporter in October 2019, and the record-breaking exports in December solidified the trend…
Cruise Ship Stranded by Coronavirus Fears to Dock in Cambodia
Cambodia has agreed to let a cruise ship, that has been turned away by five countries over fears that someone aboard may have the coronavirus, to dock and disembark its passengers, the Holland America Line said on Wednesday.The MS Westerdam, which has 1,455 passengers and 802 crew on board, will dock at the Cambodian sea port of Sihanoukville on Thursday, the company said.The ship - which says it has no sick passengers - has been turned away from Thailand…
Coronavirus Disrupts Global Ship Deliveries
Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels.The coronavirus has caused chaos in Asia and beyond with flights suspended, businesses disrupted and entry restrictions imposed by governments trying to ward off its spread. The global shipping trade has also been hit.China's Jiangsu New Times Shipbuilding…
Maersk Names Jany CFO
A.P. Moller - Maersk has appointed Patrick Jany as its new chief financial officer, effective May 1, 2020.Jany, a German citizen, joins the world's largest shipping company as CFO and a member of the executive board after more than two decades with Swiss chemicals company Clariant, where he's been CFO since 2006. Prior to his role as CFO, he held several leadership positions within finance, general management and corporate development in Clariant in Germany…
USA Ups BOEM Offshore Wind Budget
The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore…
Shell, Qatargas Sign LNG Deal for Kuwait
The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait…
MISC Clinches Petrobras Contract
Malaysia International Shipping Corporation Berhad (MISC) announced that its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has been awarded long-term charter…
AAL Shipping Launches New Service
The global ocean transport operator AAL Shipping has launched a new Europe-Middle East/India-Asia Monthly Liner Service to serve the market’s multipurpose vessels…
Upstream Sector Leads O&A M&A in 2019
A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating…
BS Offshore SOV Readies for Sea Trials
A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation…
Wilhelmsen Delivers 3D Printed Parts to Berge Bulk
Norway-based global maritime industry group Wilh. Wilhelmsen Holding ASA announced that Berge Mafadi, a Berge Bulk vessel has received the world’s first commercial…
Port Bronka, NBG Sign Agency Pact
The owner and operator of Port Bronka Fenix LLC St.Petersburg and NBG Nouschirvan Beteiligungsgesellschaft mbH Hamburg have signed an agency agreement for the promotion…
Oakland Port Volume Jump 7.3% in January
San Francisco Bay-based container ship facility Port of Oakland said its containerized import volume jumped 7.3 percent last month over January 2019 totals.Exports were up…
Hapag-Lloyd, HHLA Form Ties
German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA)…
WCI Applauds Corps’ FY20 Work Plan
Waterways Council, Inc. (WCI) offered praise for Congress, the U.S. Department of Agriculture and the the U.S. Army Corps of Engineers’ for the Corps’ Fiscal Year 2020 (FY20) work plan that lays out allocations for funds provided in the FY20 Energy & Water Development Appropriations bill toward the Corps’ civil works mission. The work plan was released late yesterday.Critical to the nation’s agricultural shippers and American family farmers…
Vineyard Wind to Miss Startup Target Over Permit Delay
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted a revised permitting timeline on its website on Tuesday that said it will issue a final decision on the project by Dec.
LR Awards HHI AiP for Frigate Design
Lloyd's Register (LR) has awarded approval in principle (AiP) to South Korean shipbuilder Hyundai Heavy Industries (HHI) for the design of its HDF-3800 frigate.The design allows for the frigate to be equipped with modern weapons and sensors, and it will be able to undertake Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), and Anti-Submarine Warfare (ASW) missions. Additional combat capabilities include Electronic Warfare (EW)…