Crowley Alaska Tankers has agreed to purchase of three tankers from SeaRiver Maritime and will charter them back to SeaRiver under varying multi-year terms. Included in the acquisition are the tankers Liberty Bay and Eagle Bay, each of which have a capacity of 800,000 barrels and transport crude from Alaska to West Coast refineries, as well as the tanker SR American … [Read more...]
Matson Launches New U.S. Flag Service to Marshall Islands
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that it will introduce a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands. The company said the new bi-weekly service will shorten cargo transit times to the RMI from the U.S. mainland by as many as eight days. The service will call at three ports in the RMI … [Read more...]
White House Preparing Order to Tighten U.S. Food Aid Shipping Rules -Sources
By Lesley Wroughton and Patricia Zengerle WASHINGTON, June 29 (Reuters) - President Donald Trump's administration is preparing an executive order that will require all U.S. food aid to be transported on American ships, according to four sources with knowledge of the deliberations. Update: President Trump Drops Executive Order Tightening U.S. Food Aid Cargo Preference, … [Read more...]
Two-Year-Old Jones Act Tanker Sells for $157 Million
Houston headquartered Genesis Energy, L.P. announced today that it has agreed to acquire the Jones Act-qualifying MT American Phoenix and two related charters and management agreements from Mid Ocean Tanker Company (MOTC) for approximately $157 million. The modern, 330,000 barrel American Phoenix was delivered in October 2012 from BAE Systems in Mobile, Alabama to MOTC, a … [Read more...]
AMP Chairman Hails American Maritime Surge, Questions Jones Act Critics
NEW YORK – Tom Allegretti, Chairman of the American Maritime Partnership (AMP), the voice of the domestic maritime industry, today highlighted the continued renaissance of the nation’s maritime sector, particularly its robust response to meet new water transportation demands created by the surge in domestic energy production. “The domestic maritime industry, with the Jones … [Read more...]