New Swedish Shipping Company Launched

Wallenius and Swedish Orient Line have teamed up to launch a new shipping company focussing on the eco-friendly transport of forestry products and other goods in the Baltic Sea region for Finnish and Swedish industrial customers. The new company, called WALLENIUS SOL, kicked off operations 21 April 2019 from its main office in Gothenburg, Sweden. […]

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Ocean Infinity Completes Subsea Operations on Sunken Grande America

US-based subsea firm Ocean Infinity announced Wednesday it has completed the subsea inspection of the Grande America, which sank in the Bay of Biscay last month. Ocean Infinity previously entered into an agreement with salvage firm Ardent which entailed conducting the subsea search, inspection and operations on the wreck. The company used its fleet of […]

U.S. Oil Flowing Freely to China Again

By Serene Cheong (Bloomberg) — It seems Asia’s biggest oil buyer can’t stay away from crude pumped in the world’s fastest-growing supplier for long. A supertanker laden with U.S. oil is floating off China’s eastern coast, awaiting discharge at one of the Asian nation’s busiest ports. The vessel will soon be joined by more ships […]

Takeover Battle: Occidental Offers $57 Billion for Anadarko, Topping Chevron

By Jennifer Hiller HOUSTON, April 24 (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50 billion offer and sparking the first takeover battle for a major oil company in years. The surprise $76-per-share bid comes after Occidental had been trying […]

Trump Considering Waiving Jones Act for LNG Shipments to Puerto Rico, Northeast

By Jennifer A. Dlouhy, Jenny Leonard and Jennifer Jacobs (Bloomberg) — President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office […]

VT Halter Marine Wins $745 Million Icebreaker Contract

Yesterday, the U.S. Coast Guard and U.S. Navy awarded VT Halter Marine Inc., Pascagoula, Mississippi, a contract for the Detail Design and Construction of the Coast Guard’s lead Polar Security Cutter (PSC).  The initial award is valued at $745.9 million and supports non-recurring engineering and detail design of the PSC class as well as procurement […]

Pirates Kidnap Six Crew from Tanker Off Bonny, Nigeria

Pirates in the Gulf of Guinea have struck again. The International Maritime Bureau’s Piracy Reporting Centre confirmed Wednesday that six crew members were kidnapped from an anchored tanker off the coast of Bonny Island, Nigeria last week. The incident occurred April 19 at around 1430 local time as the ship was anchored at the Bonner Outer […]