SeaBird in Debt Restructuring Proposal
SeaBird Exploration will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird…
Asia Tankers-VLCC Rates Supported by Floating Storage
Trafigura hires five VLCCs to store oil; short-term storage a profitable play. Freight rates for very large crude carriers…
Cindy's Remnants Drench Gulf Coast, Wreaking Havok
The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days…
Tropical Storm Cindy Rolls in on US Gulf Coast
Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas-Louisiana border on Wednesday night, threatening to bring…
Statoil, AET Expand Shuttle Tankers Contract
Statoil ASA and petroleum and chemical tanker owners and operator AET are extending their partnership in the North Sea shuttle tanker sector.
Dredging: Digging Deep for a 'WIIN'
In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors. Just before Congress…
USS Nimitz, USS Shoup and USS Kidd Depart for Deployment
USS Nimitz (CVN 68), USS Kidd (DDG 100) and USS Shoup (DDG 86) departed their homeports of Naval Base Kitsap and Naval Station Everett…
ClassNK Unveils Longitudinal Strength Assessments Software
Classification society ClassNK released a new longitudinal strength assessments software “PrimeShip-HULL(Rules)/PartC15”…
US Built Refrigerated Liquefied Gas Carrier Launched
New ATB tank barge will transport up to 22,000 tons of American-made anhydrous ammonia (NH3), a key ingredient in fertilizer U.S.
Autonomous Workboats: The Future is Now
Sea Machines is bringing autonomous self-driving systems to the world of workboats. At an impressive virtual reality demonstration seen late last
An Hour Passed before Japan Authorities were Notified of Fitzgerald Collision
Nearly an hour elapsed before a Philippine-flagged container ship reported a collision with a U.S. warship, the Japanese coastguard said on Monday
SHIPS Act: 355 Ship Navy Gets Legislative Mandate
The push to rebuild the U.S. Navy received a boost today when U.S. Senator Roger Wicker, R-Miss., and Congressman Rob Wittman, R-Va.