Panama Canal Eyeing LNG Import Terminal

Test of the new locks began this week on the Atlantic side of the canal. Photo: ACP

  The U.S. Trade and Development Agency on Friday awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal that would help the ACP capitalize on the growth of LNG tanker traffic through the expanded Panama Canal. “The U.S. Government is very pleased to partner with the Panama Canal Authority through … [Read more...]

Illinois Captain Sentenced to Six Months in Prison for 2005 Barge Explosion

The EMC 423 Barge Post Explosion. Photo: U.S. Coast Guard

By Mary Wisniewski CHICAGO, June 26 (Reuters) - An Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said. Dennis Egan, 36, of Topeka in central Illinois, and the barge owner, Egan Marine Corp. of Lemont, were each convicted in June 2014 of … [Read more...]

NASSCO Cuts Steel on Second LNG-Ready Product Tanker for SEA-Vista

An illustration of DSEC's ECO tanker design. Image credit: General Dynamics NASSCO

  General Dynamics NASSCO signaled the start of construction for the second of three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista Newbuild III LLC, a subsidiary of SEACOR Holding Inc. All three of the LNG-conversion ready product tankers will be constructed at the NASSCO shipyard in San Diego under Jones Act … [Read more...]

Fincantieri Launches Two Notable Cruise Ships in Italy

An artist's rendering of the 133,500 gross ton Carnival Vista. Photo: Creative Commons

  Italian shipbuilder Fincantieri on Thursday celebrated the launching of two new and noteworthy cruise ships at two of the the group's shipyards in Italy. Fincantieri announced the launches in separate statements posted to its website on Thursday. Fincantieri said that the Carnival Vista, the new flagship of the Carnival Cruise Line fleet and the largest vessel … [Read more...]

Former Sea Shepherd Flagship Sinks in Nova Scotia

Captain Paul Watson next to the RV Farley Mowat

  The vessel that was once considered the flagship of the controversial marine conservation group Sea Shepherd is now threatening the Nova Scotia coast after the ship sank Wednesday night and is leaking. The RV Farley Mowat sank early Wednesday while tied up in Shelburne Harbor, Nova Scotia after springing a leak. According to reports as much as 600 feet of … [Read more...]

Eight Cruise Ship Passengers Killed in Shore Excursion Plane Crash

MS Westerdam. Photo: Holland America Line

By Steve Quinn JUNEAU, June 25 (Reuters) - All nine people aboard an excursion plane from a Holland America Line cruise ship that crashed in Alaska on Thursday died in the accident, police and the aircraft company said. Eight passengers and the pilot were killed when the plane went down during a tour of the Misty Fjords area of southeast Alaska on Thursday afternoon, … [Read more...]

Greece’s Creditors Propose Targeting Shipping Sector Taxes

Shutterstock/Nightman1965

  By Matthias Sobolewski and Jonathan Saul BERLIN/LONDON, June 26 (Reuters) - Under the latest proposals made by Greece's creditors, the country's shipping companies face paying a higher tonnage tax and a phasing-out of special tax allowances which they have enjoyed, according to documents seen by Reuters. Together with tourism, its shipping industry is a vital … [Read more...]