Breaking News

America’s Gas Export Clout Set to Grow With LNG Approvals

By Stephen Cunningham and Naureen S. Malik (Bloomberg) — America is set to become an even bigger player in the global liquefied natural gas market after the nation’s top regulator approved two more projects to export the super-chilled fuel. Tellurian Inc.’s proposed $28 billion Driftwood terminal in Louisiana and Sempra Energy’s Port Arthur LNG project […]

Damen Reports First Annual Loss in 15 Years

Damen Shipyards Group reported a net loss of 17 million euro in 2018, marking the first that the privately owned Dutch shipbuilder has reported a loss in the last 15 years. Damen says the net loss was due to “a sustained period of difficulty” in a number of key maritime sectors, acquisitions and investments in […]

Derecktor Confirms Deal to Develop First Purpose-Built Megayacht Yard in United States

New York-headquartered Derecktor Shipyard has signed a long-term agreement with Fort Pierce and St. Lucie County in Florida to develop and operate the nation’s first maintenance, repair and refit yards designed specifically to accommodate megayachts over 200 feet. The new yard, named Derecktor Ft. Pierce, will provide direct access from the Atlantic through Ft. Pierce […]

d’Amico Shipping to Pay $4 Million Fine for Illegal Discharges and Cover-Up

Italy-based shipping company d’Amico Shipping will pay a $4 million fine and serve probation in the United States after admitting to investigators that one of its ships discharged oily waste and other pollutants into the sea and they then tried to cover it up. The company pleaded guilty on Wednesday before U.S. District Judge Susan […]

ABS Teams with Industry Leaders to Improve Containership Safety

Classification society ABS announced Thursday it is teaming up with members of the Cargo Incident Notification System (CINS)  to develop actionable recommendations to help mitigate risks posed from the stowage of dangerous goods on containerships. Established in 2011, CINS is a shipping line initiative meant to increase safety in the supply chain, reduce the number of cargo […]