With the Eagle Ford development producing huge amounts of cheap natural gas, companies such as Austria's voestalpine are making major investments into South Texas to take advantage. 10,000 tons of structural steel and equipment arrived today at Corpus Christi's Cargo Dock 9 on board the M/V BBC Zarate which will be used to construct voestalpine's nearby $750 million Hot … [Read more...]
Duluth Provides Critical Hub for Wind Power Project Cargoes
After a trans-Atlantic voyage from Brande, Denmark, and navigating through the Great Lakes, BBC Chartering's Peter Roenna arrived this week into Clure Public Marine Terminal in Duluth, Minnesota on the far western tip of Lake Superior carrying over two dozen wind energy components for Minnesota Power Company. The Port of Duluth notes this is the 15th ship to arrive carrying … [Read more...]
“Technically Bankrupt”…Heavy Shipping Poised for Takeovers as Financing Fades
Shipping lines that carry generators and giant trucks for General Electric Co. and BHP Billiton Ltd. are becoming takeover targets amid a lack of funding for the vessels needed to tap one of the most resilient cargo markets. The withdrawal of lenders such as Commerzbank AG, Lloyds Banking Group Plc and Societe Generale SA from maritime finance as credit policies tighten is … [Read more...]
Heavy Lift Company BBC Chartering Launches High-End Cargo Division
BBC Chartering is launching a new division exclusively for moving high-end heavy lift cargo. The announcement comes after a hat trick of heavy lift newbuilds were delivered to BBC this year increasing the companies lifting capacity from 500mt to 800mt. BBC Chartering says it will use its service hubs in Leer, Singapore and Houston to set up the new division that looks to … [Read more...]
BBC Chartering welcomes newbuild hat-trick
BBC Chartering says it has taken delivery of its new heavy lift vessel, BBC Amber, from Jinagzhou Shipyard in China. The delivery marks the third newbuild delivered to the company this summer as part a "new wave" fleet renewal and expansion program aimed at increasing lifting capacity and modern tonnage of BBC's fleet. The BBC Amber is a 14.360 dwat heavy lifter with a … [Read more...]