By Marianna Parraga, Florence Tan and Mircely Guanipa May 23 (Reuters) – German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the […]
Breaking News
Heerema Unveils World’s Largest Offshore Crane Vessel in Singapore
SINGAPORE, May 23 (Reuters) – Dutch firm Heerema Marine Contractors and Singapore’s Sembcorp Marine, on Thursday, showed off the world’s largest crane vessel that can be used for the setup and decommissioning of offshore oil and gas facilities. The semi-submersible vessel, which cost Heerema about $1.5 billion, is equipped with two cranes that can reach […]
New York’s Prized Scallops Face Off Against Offshore Wind
By Christopher Martin and Jennifer A. Dlouhy (Bloomberg) — Developers pushing to install massive wind turbines in the waters off New York and New Jersey have run into a delicate yet mighty foe: the Atlantic sea scallop. Prized for their sweet and tender meat, scallops are abundant off Long Island and the Jersey Shore. That happens to […]
Mississippi River’s Morganza Floodway May Be Opened for Third Time in History
By Brian K. Sullivan (Bloomberg) — A major barrier that keeps the Mississippi River in its current path may be opened for just the third time in its history, potentially flooding a large part of rural Louisiana and affecting refineries in the region. Rising river levels could force the Army Corps of Engineers to divert water by […]
Shipowners See Increase in IMO-Compliant Fuels, But Doubts Persist
By Ahmad Ghaddar AMSTERDAM, May 23 (Reuters) – Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulphur emissions from ships, but some say the way forward is far from clear. The United Nations shipping agency the International […]
Editorial: Readying for the Maritime Attacks of the Future
By Christopher Porter – When security professionals address threats to transportation security, the discussion usually centers on aviation risks. After 9/11, counterterrorism efforts naturally focused on preventing future disasters in the air—spectacular, lethal risks to passengers. As cyber threats have proliferated and become a greater focus of public attention and government effort, aviation has remained at […]
On National Maritime Day, Where is the U.S. Merchant Marine?
May 22 is National Maritime Day in the United States. Initiated by President Franklin Delano Roosevelt in 1933, it commemorates the sailing of the American steamship Savannah across the Atlantic to England in 1819. Since 1933, the date has been celebrated as a recognition for all those merchant mariners who have sailed in the past […]