The Gulfport Fire Department helped the U.S. Coast Guard put out a fire aboard the Coast Guard Cutter Brant while moored in Gulfport, Mississippi on Wednesday. The Coast Guard reported earlier that at approximately 5 a.m., two Coast Guard members who were aboard the cutter noticed the fire in the port-aft area of the vessel and took initial actions to put out the fire using … [Read more...]
U.S., South Korea Conduct Joint Navy Drills to Counter North’s Threat
SEOUL (Reuters) - South Korea and the United States began week-long joint Navy drills in the waters around the Korean peninsula on Monday, amid high tensions over North Korea's nuclear and missile programme. About 40 Navy ships from both countries, including the nuclear-powered USS Ronald Reagan aircraft carrier, are taking part in the exercises on the east and west coasts … [Read more...]
BBC Chartering, Jumbo Shipping Launch Project Cargo Alliance
Netherlands-based heavy lift shipping company Jumbo Shipping has teamed up up German project cargo specialist BBC Chartering to launch an exclusive alliance that will compete in the global project logistics segment. The alliance, known as the Global Project Alliance, brings together two market leading companies with reputed heavy-lift expertise and massive fleet capacity. … [Read more...]
Two-Year Contract for Ultra-Deepwater Drillship ‘Deepwater Invictus’
Transocean Ltd. (NYSE:RIG) announced Tuesday that its ultra-deepwater drillship Deepwater Invictus has been awarded a two-year contract with options by a subsidiary of BHP Billiton. Transocean said the backlog associated with the firm contract is approximately $106 million and the contract will commence in the second quarter of 2018. It includes three one-year priced … [Read more...]
Ship Photos: World’s Largest Containership Docks in Wilhelmshaven
One of the world's largest containerships docked at the EUROGATE Container Terminal in Wilhelmshaven, Germany on Monday during its maiden voyage from China to Northern Europe. The 21,413 TEU OOCL Germany was constructed at the Samsung Heavy Industries in Geoje, South Korea and delivered to OOCL in August. It is the second of six 21 thousand TEU class vessels on order at the … [Read more...]
Slowing Demand Growth to Push Big Oil From Cars to Chemicals
By Javier Blas (Bloomberg) -- Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to consultant Wood Mackenzie Ltd. Major crude producers will have to adapt to significant changes in the coming years, but their … [Read more...]
Newest Outpost for U.S. Crude Exports: India
By Julia Simon and Nidhi Verma NEW YORK/NEW DELHI, Oct 17 (Reuters) - India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to … [Read more...]