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Corey News

07 Feb 2024

US, UK Ship Investors Hit by Soaring Red Sea Insurance

© sandsun / Adobe Stock

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen's Houthis, sources said.Attacks by the Iran-aligned Houthis since November have slowed trade between Asia and Europe and alarmed major powers. The Houthis say they are acting in solidarity with Palestinians as Israel's war against Hamas militants in Gaza…

21 Dec 2023

Shipping Industry in the Dark Over US-led Red Sea Navy Force

(Photo: Samantha Alaman / U.S. Navy)

Shipping companies remain in the dark over a new international navy coalition being assembled by the United States to combat attacks in the Red Sea, with many vessels continuing to avoid the area or cancelling contracts, sources said on Wednesday.The sources, who include shipping and maritime security officials, say few practical details are known about the initiative launched on Tuesday by Washington or whether it will directly engage in the event of further armed attacks at sea.Iran-backed Houthi militants in Yemen have since Nov.

19 Dec 2023

Hijacked Ship Off Somalia Fuels Fears Pirates Back in Red Sea Waters

© Fotosasch / Adobe Stock

A merchant ship sailing off Somalia has been hijacked by unknown raiders, Spain's defence ministry said on Tuesday, fuelling fears pirates are returning to the Gulf of Aden and Red Sea waters already plagued by a surge in attacks on shipping.A Spanish warship rushed to check on the Maltese-flagged vessel Ruen on Friday after reports it had been hijacked. It "has been under piracy (control) since the morning of Dec. 14," the ministry said in a statement, in its first confirmation of the ship's fate."The MV Ruen has indeed been hijacked.

04 Dec 2023

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

© momentscatcher / Adobe Stock

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday.The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct. 7.The three commercial vessels came under attack in international waters in the southern Red Sea, the U.S.

11 Jul 2023

Cheniere Shunning Panama Canal for Longer LNG Routes to Asia

© Igor Groshev / Adobe Stock

Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal on Monday.The Panama Canal historically has been used by U.S Gulf Coast LNG exporters to send LNG to Asian customers via the Pacific Ocean. But a months-long drought has led to delays and depth restrictions for the largest ships accessing the canal."We use the canal when it is economical to do so, right now it is not.

07 Mar 2023

Asia Demand to Drive Cheniere's LNG Shipments this Year

© moofushi / Adobe Stock

Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion's share of its 2022 cargoes, an official said on Monday.The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with slightly over 70% delivered to Europe, Chief Operating Officer Corey Grindal said at the CERAWeek energy conference.Cheniere last year gave the financial go ahead for an expansion of its Corpus Christi, Texas, liquefaction plant and has sought an early environmental review with federal regulators for an expansion at its Sabine Pass…

19 Dec 2022

Braemar Acquires US Shipbroker Southport

© Haris Andronos / Adobe Stock

International shipbroker Braemar announced on Monday that it has acquired Southport Maritime, one of the highest volume U.S.-based shipbroking tanker companies.With a particular focus on spot tanker fixtures, Southport’s 18-strong team will complement Braemar’s existing Tanker desks in London, Singapore, Madrid, Houston and Geneva.Braemar’s new offices in West Palm Beach and Winter Park Florida, will continue to be led by Michael Corey and Peter Tornaben, the co-founders of Southport Maritime.

16 Jun 2022

US Steps Up Heavy Crude Imports

© a166f105 / Adobe Stock

U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.Higher heavy-crude imports are common in summer-driving months, but this year's increase comes as the Biden administration is calling on for refiners to ramp up output and shave profit margins to ease soaring prices. The administration has asked for a parley to explore further efforts.Heavy crudes are cheaper than lighter shale oils produced in the United States and typically make more diesel and less gasoline.

22 Sep 2020

MOL Fined for Emissions Violations in California

© Lina / Adobe Stock

Mitsui O.S.K. Lines has paid $253,300 in penalties to the California Air Resources Board for violating the Ocean-Going Vessel At-Berth Regulation, which requires cargo ships to reduce emissions while docked at the state’s busiest ports, including Los Angeles, Long Beach, Oakland, Hueneme, San Francisco and San Diego.The violations were discovered during routine audits of the company’s 2017 and 2018 vessel fleet visits to the Port of Oakland. CARB’s investigation revealed that from 2017 to 2018, Mitsui O.S.K.

16 Apr 2019

Shannon Insulation Solutions for Passenger Vessels

Maid of the Mist VII engine room showing silencer and exhaust line fitted with Shannon reusable insulation.

Shannon Enterprises of W.N.Y. a designer, and maker of reusable thermal and acoustic insulation, has put in place a custom-designed insulation system for Maid of the Mist Corp.'s two vessels, Maid of the Mist VI and Maid of the Mist VII, to improve engine efficiency, safety and acoustics on board each vessel.As part of a modernization program for the boats' lighting and climate controls, Maid of the Mist's engineering team installed a new generation set - including two, 38 kW Northern Lights marine generators - for both vessels.

07 Aug 2018

Trafigura to Build U.S. Deep-Water Oil Port

Swiss commodities trader Trafigura has applied to build a deep-water port in Corpus Christi, Texas, on the Gulf of Mexico, which will be able to load supertankers, reports FT.The report said that the plan would see the commodity house build an offshore deepwater port facility  with a view to accommodate very large crude carriers (VLCC) capable of carrying more than 2m barrels of crude. It requires approval from the US Department of Transportation’s maritime division.According to a Reuters report, United States began exporting crude oil in 2016 after the ban on exports was lifted but while its production and therefore exports keep hitting new highs…

06 Apr 2018

Buckeye, Trafigura Load Suezmax Tanker in U.S. Port

U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers were completed and the first shipment of crude on a Suezmax tanker took place. The Buckeye Texas Hub terminal located in Corpus Christi shipping channel is 80 percent owned and operated by Buckeye while Trafigura holds a 20 percent stake. "North American supplies have launched the U.S. on to the world stage as a new crude provider. Upgrading the terminal's deep-water docks at Corpus Christi will help us to meet the growing demand for this product from European refineries and Far East refineries and petrochemical plants," said Corey Prologo, Trafigura's head of oil trading in North America.

25 Aug 2017

Residents Flee South Texas Ahead of Harvey

Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains along the central Texas coast and potentially loop back over the Gulf of Mexico before hitting Houston, some models showed. "My urgent message to my fellow Texans is that if you live in a region where evacuation has been ordered, you need to heed that advice and get out of harm's way while you can," Texas Gov. Greg Abbott said in a televised address.

16 Jun 2016

Tidewater Christens 2 New Towboats

Photo: Tidewater Transportation and Terminals

The two newest inland river towboats in Tidewater Transportation and Terminals’ fleet, Granite Point and Ryan Point, were christened during a late afternoon ceremony Saturday, June 11 at Vancouver Landing in Vancouver, Wash. After Deacon Tim Dooley from Portland’s Holy Family Parish delivered a blessing, Patty Reed, wife of Bruce Reed, Tidewater’s Vice President and Chief Operations Officer, and Diane Laya, wife of Marc Schwartz, Tidewater’s Maintenance and Engineering Manager…

27 Mar 2016

2015 USFFC Fleet Sea, Shore Sailors of the Year

Commander, U.S. Fleet Forces Command Adm. Phil Davidson announced the 2015 USFFC Fleet Sea and Shore Sailors of the Year during a ceremony hosted by the Hampton Roads Navy League at the Sheraton Waterside in Norfolk, March 24. Aviation Boatswain's Mate 1st Class (AW/SW) Tinisha Franklin, a native of Brooklyn, New York, stationed aboard aircraft carrier USS Harry S. Truman (CVN 75) was announced as the 2015 Sea Sailor of the Year and Aviation Warfare Systems Operator 1st Class (AW/SW) Brian McGarrigle, a native of Clearwater, Florida, stationed at Helicopter Maritime Strike Squadron 40 (HSM-40) as the Shore Sailor of the Year. "For the Shore Sailors of the Year standing behind me…

21 Jan 2015

Bollinger Announces Promotions

From left to right: Tim Martinez, Scott Theriot and Corey Phelps (Photos: Bollinger Shipyards)

Bollinger Shipyards announces the promotions of three key leaders, as Tim Martinez, Scott Theriot and Corey Phelps enter new roles. Making the announcement, Bollinger’s President and CEO Ben Bordelon, said, “We will be strengthening our position in the market by developing our team from within and capitalizing on the talents of our proven leadership group. Tim Martinez has accepted the position of Executive Vice President of the Repair Division. Martinez began his Bollinger career in 1996 and was promoted to Division General Manager for Bollinger Morgan City (BMC) in 2006…

04 Mar 2014

Crowley Maritime Tugs Deliver Massive Semi-Submersible

The tow: Photo courtesy of Crowley Maritime

Crowley Maritime Corp. inform that its ocean class tugs have successfully delivered oversized, overweight equipment – comprised of topsides, tendons, piles and more – that are now part of a massive semi-submersible floating production facility located in the U.S. Gulf, approximately 280 miles south of New Orleans, La. Working alongside the tugs were Crowley’s 455 series high-deck-strength barges, which carried much of the equipment as it was towed offshore. Utilizing the Crowley tugs’ dynamic positioning capabilities, the facility, known as Jack/St.

26 Feb 2014

Officers Elected at Port of Greater Baton Rouge

Blaine Sheets (Photo courtesy Port of Greater Baton Rouge)

The board of commissioners for the Port of Greater Baton Rouge recently elected officers for 2014. Officers elected include Blaine Sheets, Ascension Parish, president; Clint Seneca, Iberville Parish, vice president; Corey Sarullo, Iberville Parish, secretary; and Bobby Watts, East Baton Rouge, treasurer. Blaine Sheets, president, is president of Specialized Industrial Maintenance in Gonzales and is a former member of the Board of Commissioners for the Pontchartrain Levee District. Clint Seneca, vice president, is the chief deputy assessor for the Iberville Parish Assessor's Office.

18 Nov 2013

Ocean Signal Beacon Saves Two in Atlantic Ocean Rescue

Rescued boater Sandy Williamson, with his Ocean Signal rescueME PLB1

An Ocean Signal rescueME PLB1 was key to saving the lives of two people after a dramatic rescue in the Atlantic Ocean. Sandy Williamson and his crew, Corey, activated their Ocean Signal personal locator beacon when their 22-foot yellow catamaran started taking on water about 20 nautical miles off the Miami coast. The U.S. Coast Guard 7th District command centre in Miami received the emergency alert just after 11 a.m. on Sunday morning (October 27, 2013) and immediately launched an MH-65 Dolphin helicopter to the area.

19 Jan 2012

Second Foss Hybrid Tug Headed to SOCAL

Foss Maritime's Second Hybrid Tug: Campbell Foss

Tug retrofitted to use patented hybrid technology. A second Foss Maritime Co. hybrid tug will soon be working the ports of Long Beach and Los Angeles. Foss once again partnered with Aspin Kemp and Associates (AKA) to retrofit the Campbell Foss with this proven, patented hybrid technology. The tug is the first vessel to be retrofitted with motor generators, batteries and control systems at Foss' Rainier, Ore. shipyard. The Campbell Foss will join its award-winning hybrid sister…

15 Dec 2011

Secure Waters Offers Trip Threat Reports

The Maritime Security Council has accredited the on-demand trip threat reports. Piracy continues to be a major problem affecting large yachts and worldwide shipping concerns. Pirate attacks are spreading from the Gulf of Aden/Indian Ocean east to Asia and to the west coast of Africa. There have been reports of hijackings in South and Central America, Hispaniola, and the Caribbean as well. Shipping companies and large yacht owners are searching for solutions to help them better understand the location and type of threats they face along their routes. Secure Waters Security Group, Inc. now provides on-demand trip threat reports to help large yacht, cargo vessels, and shipping companies better understand the potential threats they may face worldwide.

10 Dec 2008

Secure Waters CEO Speaks on Anti-Piracy

Corey Ranslem, Chief Executive Officer of Secure Waters LLC, was invited to speak on the innovative approaches required to protect ships from the dangerous and growing trend of piracy in international waters. The international conference, Trends in Passenger Transportation Security: How Prepared are We for More Attacks?, will be held on Tuesday, Dec. 9 in San Francisco, Calif. “Security companies worldwide are rushing to the Gulf of Aden, off the coast of Somalia, to put armed teams on cargo vessels. This approach is very costly, may put ships’ crews and special operations personnel unnecessarily at risk, and does not always mitigate attacks,” commented Corey D. Ranslem, chief executive officer of Secure Waters LLC, a North Miami Beach-based maritime security company.

04 Mar 2004

Do It Yourself Repower in Oregon

Joe Rock is in the habit of doing things himself. After 47 years as a commercial fisherman it seems to just come naturally to him. When he bought a Cajun-style shrimper in Louisiana in 1992 he drove the boat 30 days home to Newport Oregon himself. When he wanted to add five feet to the stern of the boat to give it better floatation he and his son Corey did the job themselves. So this year when he felt it was time to change out the 73x22-foot Kylie Lynn’s main engine for a 500 hpCummins KTA19 , he and Corey did the job themselves. This is a routine kind of chore for this fishing family who work crab, shrimp and scallops with the boat. Not only does Joe know how do fix just about anything on the boat, he knows how to live the good life.