Marine Transportation News

01 Apr 2020

US Shipyards Forge Ahead Through COVID-19

The 56-foot icebreaking tugboat being built by Blount Boats for N.Y. Power Authority (NYPA). (Photo: Blount Boats)

As the novel coronavirus and its impacts continue to spread across America, U.S. shipbuilders, by and large, continue to build. While most yards have been deemed essential to marine transportation and/or national security and have been able to maintain operations, the situation at and around every shipyard is different, and there are several builders across the country that have had to temporarily suspend activity. In either scenario, it’s far from business as usual for America’s…

30 Mar 2020

Coast Guard Corrals Wayward Buoy in Long Island Sound

U.S. Coast Guard Cutter Oak (WLB-211) sits at anchor. The Newport, Rhode Island-based buoy tender maintains 144 Aids to Navigation (ATON) that guide mariners into some of the oldest and busiest ports in the U.S., including Boston, Massachusetts; Portsmouth, New Hampshire; and Portland, Maine. (U.S. Coast Guard photo by Emily E. Torsney)

Built to guide mariners through safe waters, the Valiant Rock Lighted Whistle Buoy 11 was dangerously adrift in the Long Island Sound.When ferry operators traveling between Orient Point and Fishers Island, New York, first reported the buoy off station on Jan. 17, the U.S. Coast Guard Cutter Oak (WLB-211) was already underway but foul weather kept the cutter from removing it.This was the beginning of a two-week saga that would involve several Coast Guard units. Like the Loch Ness monster of the Long Island Sound, the 35-foot-tall green buoy was occasionally seen but hard to catch.

18 Mar 2020

Seaspan Marine Transportation Names Wortman CFO

© edb3_16 / Adobe Stock

Seaspan Marine Transportation said it has appointed Linda Wortman as Chief Financial Officer.Wortman brings to this position more than 25 years of accounting and finance experience. She joined Seaspan in 2008 as Controller, Marine and was promoted to Vice President, Corporate Finance, Accounting in 2016. Her responsibilities were expanded to include Seaspan’s Corporate Supply Chain Management and Risk and Insurance functions in 2017.

18 Mar 2020

USCG Advises on Minimizing Novel Coronavirus at Sea

© Inna/AdobeStock

The Coast Guard Assistant Commandant for Prevention Policy has published an update March 16, 2020 to MSIB: Novel Coronavirus – Update (Change 2)An outbreak of respiratory illness caused by a novel coronavirus (COVID-19) may affect mariners and maritime commerce. The Centers for Disease Control and Prevention (CDC) has updated their Interim Guidance for Ships on Managing Suspected Coronavirus Disease 2019 (see https://go.usa.gov/xdfyG) and Cruise Ship Travel (see https://go.usa.gov/xdfVP).Illness…

12 Mar 2020

d’Amico Expects Boost in Tanker Demand

Image: d’Amico International Shipping

Product tanker demand is expected to be boosted going into 2020 by impacts relating to the IMO 2020 sulfur cap, including higher global refinery throughput and gasoil trade in particular, said d’Amico International Shipping.The international marine transportation company operating in the product tanker market quoted Clarksons projecting product tanker dwt demand to grow by 5.7% next year.The IEA, in their October report have reduced their oil demand growth forecasts for 2019 and 2020.

12 Mar 2020

GoodBulk President Andrew Garcia Resigns

Image: GoodBulk

Monaco-based international owner and operator of dry bulk vessels GoodBulk has announced that Andrew Garcia has resigned from his position of president and director.The provider of marine transportation services said in a press release that its board has approved Brentwood Shipping and Trading’s appointment of Carlos Pena, Chief Commercial Officer of C Transport Maritime S.A.M. (CTM), as incoming Director.Pena has over 16 years’ experience in shipping across various areas and within CTM…

10 Mar 2020

Scorpio Bulkers Sells 3 Vessels

Image: Scorpio Bulkers

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel.None of the three vessels have been fitted with scrubbers, said a press release from the Monaco-headquartered firms…

27 Feb 2020

Coast Guard Pursues Enforcement Action against Bouchard

© Chris W. H. / MarineTraffic.com

The U.S. Coast Guard said it is pursuing enforcement action against Bouchard Transportation Company after the shipping company failed to comply with a captain of the port order for one of its two vessels anchored in the Marine Safety Unit Port Arthur, Texas, area of responsibility.According to the Coast Guard, tugs Kim M. Bouchard and Danielle M. Bouchard and their associated barges have been anchored off Texas Point since mid-December with no known plans to move and crews unpaid since January…

25 Feb 2020

KSS Line Orders 5th VLGC at HHI

Image: KSS Line

South Korean shipping company KSS Line placed an order for the construction of a new class 84,000 cbm Very Large Gas Carrier (VLGC) at compatriot Hyundai Heavy Industries (HHI).According to a statement from the marine transportation business company, this is the fifth VLGC order at the yard. All five VLGCs are scheduled for delivery in 2021."In 2021, when five new VLGCs, including the new vessels, are delivered, sales are expected to exceed KRW 300 billion and continue to grow…

27 Feb 2020

Adm. Schultz Delivers State of the Coast Guard Address

Commandant of the U.S. Coast Guard Adm. Karl Schultz delivers the State of the Coast Guard Address in Charleston. (Photo: Eric Haun)

U.S. Coast Guard Commandant Adm. Karl Schultz outlined his vision for the service Thursday during the State of the Coast Guard Address in Charleston, highlighting the organization’s top initiatives, accomplishments over the past year, and challenges facing the service today and on the road ahead.The 26th Commandant stressed the importance of America's marine transportation system and highlighted Coast Guard's role in safeguarding maritime commerce among the service's many crucial contributions to U.S. security. “Our interconnected global economy relies on efficient ports and waterways.

21 Feb 2020

Harvey Gulf Eyes International Markets

(Photo: Harvey Gulf)

Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey Gulf has maintained this mindset throughout its 70-year-history, says CEO Shane Guidry. “From a humble beginning of a three oyster fishing vessels used as supply vessels in 1949 to a larger fleet of offshore vessels that towed barges and drilling rigs to its modern day evolution of a fleet of offshore supply…

12 Feb 2020

Scorpio Bulkers to Sell, Leaseback 3 Bulkers

Image: Scorpio Bulkers Inc.

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has agreed to sell and leaseback two Ultramax vessels (SBI Cronos and SBI Achilles) and one Kamsarmax vessel (SBI Lynx) to Ocean Yield ASA for a total financing consideration of $62.8 million.Upon completion, which is estimated to take place in the first quarter of 2020, the company’s liquidity is expected to increase by up to $33.6 million after the repayment of outstanding debt.The company will also…

06 Feb 2020

Harley Marine Rebrands as Centerline

(File photo: Harley Marine Services)

Harley Marine Services has changed its name to Centerline Logistics Corporation and rebranded its regional operations in parallel following an equity ownership change in July 2019.Matt Godden, Centerline Logistics President and CEO, said, “Over the last year the company has made significant progress in restructuring its operations and this branding change signals our renewed strength and vision to remain a leader in the marine transportation business.”The name change follows a ratings affirmation of the company’s senior credit facility by Kroll Bond Rating Agencyon December 16…

02 Feb 2020

MOL in Restructuring Excercise

Image: MOL

Japanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.According to a press release, the  marine transportation provider intends to establish three new divisions and integrate its two tanker divisions to achieve synergy.MOL will establish the Offshore Gas Project Division as an organization focused on businesses related to the LNG field in energy value chains (FSRU projects, LNG bunker vessel project, etc.) to accelerate the enhancement of the offshore business…

30 Jan 2020

Kirby to Acquire Savage Inland Marine Fleet

(Photo: Savage)

Houston-based Kirby Corporation said it has signed a definitive agreement to acquire Savage Inland Marine's towboat and tank barge fleet for approximately $278 million in cash and the assumption of leases.Kirby will acquire Savage's inland fleet consisting of 46 towboats and 90 tank barges with approximately 2.5 million barrels of capacity, primarily used for transporting petrochemicals, refined products and crude oil on the Mississippi River, its tributaries and the Gulf Intracoastal Waterway.

27 Jan 2020

Matson Promotes Three

(Photo: Matson)

U.S. carrier Matson announced it promoted three executives to the company's senior leadership team, effective immediately.Branton "Bal" Dreyfus, Vice President, Alaska, has been promoted to Senior Vice President, Alaska in recognition of Matson's growing scope of operations, continuing investment in and long-term commitment to serving Alaska. Dreyfus will continue to report directly to Matt Cox, Chairman and Chief Executive Officer.Capt. John "Jack" Sullivan, Vice President, Vessel Operations and Engineering…

15 Jan 2020

The Good, the Bad and the Undeniably Ugly

© SunnyS / Adobe Stock

The end of 2019 promises to be a busy, and potentially discordant, legislative and regulatory period for the United States maritime industry as both Congress and the Executive Branch look to take decisive action, with both positive and negative potential impacts depending on your perspective. With appropriation and authorization bills still pending, and various open regulatory actions, there are significant opportunities for maritime stakeholders to influence policy outcomes.Funding Fights Continue in CongressOn October 31…

03 Jan 2020

2 Shahid Ports Join Chabahar

Image: Ports & Maritime Organization

The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran.The attachment of two ports to Chabahar Free Zone has been put on agenda aiming at increasing investment attraction, encouraging production and exports, taking the most advantage of these two ports for increasing Iran’s share of global marine transportation and transit…

30 Dec 2019

The Top 10 Workboat Stories for 2019

Credit: St. Louis Regional Freightway

Choosing the year’s ‘top stories’ is always a difficult task. Many compelling story threads played out, each dramatically impacting the North American waterfront, and in particular, the workboat sector – each in their own unique way.The Infrastructure Battle ContinuesThe EXECUTIVE SUMMARY H.R. 2396, the “Full Utilization of the Harbor Maintenance Trust Fund Act”, will ensure that the Harbor Maintenance Trust Fund is used for its intended purpose – maintaining Federally-authorized harbors. The legislation would allow the U.S.

30 Dec 2019

OSG Acquires Alaska Tanker

Image: Overseas Shipholding Group

Overseas Shipholding Group, the tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets, has entered into agreements with BP Oil Shipping Company USA and BP AMI Leasing to purchase the crude oil carrier vessels operated by Alaska Tanker Company (ATC).OSG currently owns a 37.5% interest in ATC. As part of the above transaction, OSG will acquire the remaining 62.5% interest of ATC that it does not own.According to the publicly traded tanker company…

20 Dec 2019

Harvey CEO Acquires Harvey’s Interest in QLNG

Shane Guidry, CEO of Harvey Gulf International Marine

Shane Guidry, CEO of Harvey Gulf International Marine, has announced he has purchased Harvey’s 30 percent ownership in Quality Liquefied Natural Gas Transport (QLNG). The CEO previously owned 70 percent of QLNG with Harvey and now controls 100 percent.In connection with the announcement, Mr. Guidry commented: “QLNG didn’t quite fit into Harvey’s core business and future. At Harvey, we are focused on growing globally, which we’ve done over the last 12 months. Today, we have vessels working in Mexico, Trinidad, Peru, Guyana, Suriname, USA and Nigeria.

23 Dec 2019

UAS Announces New Marine Transportation Scholarship

Captain Michael A. Clinkscales / courtesy of HO/Clinkscales family

As tourism increases so will the demand for trained, licensed employees and sea pilots navigating the Inside Passage and a new University of Alaska Southeast (UAS) scholarship endowment was inspired to do just that.The Captain Michael A. Clinkscales Maritime Scholarship has been established to support UAS students enrolled in marine transportation courses. Fellow sea pilots led the cause to raise more than $38,000 in honor of “Clink,” a man who was known to inspire and encourage others in the maritime trades.

25 Dec 2019

World's First: Japanese Trio Intros LNG-fueled LCC

Images by: Oshima Shipbuilding and Namura Shipbuilding

Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) have signed long-term transport agreements with compatriot energy company Kyushu Electric Power (Kyuden) for LNG-fueled large coal carriers (LCC).According to a joint press release, the vessels are expected to become the world’s first LNG-fueled large coal carriers, under the operation of NYK and MOL, to import coal to Kyuden’s coal-fired power plants.The use of LNG fuel is expected to virtually eliminate sulfur oxides (SOx) emission and reduce approximately 80% of nitrogen oxides (NOx) emission…

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