ESAB Awards $5,000 Welding Grant to Two Texas High Schools
As part of celebrating National Welding Month in April, ESAB awarded $5,000 to support the welding programs at Princeton High School and Lovelady High School, part of the Princeton Independent School District, through its ESAB Future Fabricators Charlie Monschke Welding Education Grant. ESAB, a world leader in fabrication technology, also surprised the school with an equipment donation of a combined retail value exceeding $6,000.
Oil Prices Rise More Than 3% As US-Iran Talks Dent Hopes of Peace
Oil prices gained more than 3% on Friday, climbing more than $3 a barrel, after comments by U.S. President Donald Trump and Iran's foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.Brent crude futures gained $3.35, or 3.17%, to $109.07 a barrel by 12:34 p.m. CDT (1734 GMT). U.S. West Texas Intermediate futures were up $3.85, or 3.81%, at $105.02.Over the week…
Greek-Operated Tanker Crosses Strait of Hormuz
A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.The U.S.-Israeli war on Iran has led to the effective closure of the strait, stranding hundreds of ships and leading to unprecedented disruption of energy supplies.The Liberia-flagged suezmax tanker Karolos…
ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering
The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering applications.ScioSense, a leading developer and manufacturer of semiconductor-based environmental and flow sensors, today launched the UFC23 – the 4th generation ultrasonic flow converter for measurement in water…
Coast Guard Seizes Sailing Vessel During Offshore Interdiction Operation
Special agents with the U.S. Coast Guard Investigative Service (CGIS), supported by multiple Coast Guard surface and aviation assets, seized the sailing vessel Soulmate approximately 40 nautical miles off the coast of Melbourne, Florida, as part of an ongoing criminal investigation into the disappearance of Lynette Hooker.The seizure was conducted during a complex surveillance and interdiction operation…
Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS
ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a 50-megawatt floating data center.SHI’s design utilizes a standardized shipbuilding process, integrating design, manufacturing, and equipment installation concurrently to optimize efficiency. SHI states that this approach enables shorter lead times and incorporates a proprietary power generation system, thereby minimizing reliance on onshore electricity.
Solstad’s Arbitration Win Unlocks $14.5M Payment for its Largest Vessel
Solstad Offshore has informed the arbitration proceedings related to disputed 2024 charter hire for Normand Maximus construction support vessel (CSV) had concluded in favor of the company.The company said it would receive approximately $13 million in charter hire, in addition to around $1.5 million in interest compensation, following the ruling.Solstad said the decision would have a positive liquidity…
Caturus Takes FID on Commonwealth LNG Project in Louisiana
Caturus has taken a final investment decision on its Commonwealth LNG export project in Louisiana after securing $9.75 billion in project financing for the 9.5 million tonnes per annum facility, with partners Mubadala Energy, Kimmeridge and CPP Investments.The companies said the financing supports construction of the LNG export terminal in Cameron Parish, Louisiana, with total commitments for the project…
