BAE Jacksonville gets $23.8 mod to Navy contract BAE Systems Jacksonville Ship Repair, Jacksonville, Fla., has been awarded a $23,865,722 modification to a previously awarded Navy contract to exercise options for USS Paul Ignatius (DDG 117) post-shakedown availability (PSA). The
Scott Merritt is new AWO Chairman The members of the American Waterways Operators, the national tugboat, towboat and barge industry association, elected a new slate of leaders earlier this month during the association's annual Spring Convention held in
Russia, China eye Arctic gas route cooperation Russia and China look likely to team up on the development of an Arctic shipping route. The South China Morning Post cited Russia's ambassador to Beijing, Andrey Denisov, as saying that talks were advanced over the supply of Russian gas to China through a route known as Power of Siberia Two (the "western" route). "Almost everything has been completed so far but there is only one gap, which is th
Nigerian owners hoping to tap into $3.5bn fund The Ship Owners Association of Nigeria (SOAN) is hoping to access $3.5bn earmarked for fleet expansion. The money is coming from an oil and gas development fund administered by the National Content Development and Management Board (NCDB). SOAN president McGeorge Onyung told the Vanguard daily that NCDB had indicated $3.5bn is available for vessels connected to the energy sector. Nigeria is co
Brightoil boss quits after being declared bankrupt Brightoil Petroleum CEO and chairman Sit Kwong Lam has quit the company after being declared bankrupt in Hong Kong. The troubled VLCC owner's boss had provided a personal guarantee of more than $30m for goods Brightoil bought from Vietnam-owned trader Petrolimex Singapore last April. Petrolimex had applied for the bankruptcy order when the debt was not settled. It is also trying to wind up a Bri
Simon Toft's start-up Cornerstone seeks more tankers Danish start-up Cornerstone Maritime is seeking more tonnage after agreeing a deal to take over its first managed tanker. The company has been founded by Simon Toft, its managing director and a former Maersk Brokers and Wonsild man. Toft has owned and run broker Casos Shipping for the last five years. It said on Friday it will manage the 15,900-dwt Ierax (built 1998) commercially from 10 May.
Three injured in fire on Sinotrans bulker Three seafarers have suffered "significant burns" on a Sinotrans bulker off the UK. The men were rescued from the 93,000-dwt Great Aspirations (built 2010) near Lizard Point, Cornwall, on Wednesday. A search and rescue helicopter winched the Chinese men off the bulker. Two were taken to a specialist burns unit in Wales, while the other remained in a Cornish hospital. The Maritime and Coastguar
Hyundai LNG moves into VLGC sector with new order Korea's Hyundai LNG Shipping (HLS) is expanding into the LPG sector with a new VLGC order at Hyundai Heavy Industries (HHI). The company said the 84,600-cbm ship will be delivered in the third quarter of 2020. It has a seven-year charter, plus options, lined up with a global energy company, it said. Hyundai grabs gas and tanker deals worth $600m The newbuilding contract has an optional ship at
FMC categorizes detention and demurrage complaints FMC Commissioner Rebecca Dye during a conference this week provided an update on her agency's ongoing detention and demurrage investigation.
USMCA expected to have 'positive impact' on U.S. GDP American Shipper will take an in-depth look at the new trade agreement in a webinar on Thursday.
EU tariffs eyed for U.S. goods in aircraft subsidy dispute The European Commission considers list of U.S. exports that could be subject to billions of dollars in tariffs in response to the aircraft subsidy dispute before the WTO.
Cargo thefts across U.S., Canada decline in Q1
Stord raises $12.3 million in Series A funding
Damen reports first loss in 15 years
Canadian sodium sulfate anhydrous imports investigated
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