Salvage experts with SMIT Salvage are continuing onboard assessments of Stena Immaculate, say statements from the vessel operator Crowley and owner Stena Bulk. Yesterday, Sunday, March 16, the third-party salvage team confirmed that damage resulting from the containership Solong striking the Stena Immaculate was limited to one cargo tank containing Jet-A1 fuel and one ballast tank containing sea water.
“Before being forced to abandon ship, the crew had the dedication and presence of mind to...
The U.S. and the U.K. on Saturday launched a fresh wave of attacks on Houthi targets in Yemen after the Iranian-backed terrorist organization continued its attacks on shipping in the Red Sea. Among the most recent reported by U.S. Central Command was a February 24 incident that saw the USS Mason (DDG 87) shoot down one Anti-Ship Ballistic Missile (ASBM) launched into the Gulf of Aden from Iranian-backed Houthi controlled areas of Yemen. CENTCOM says the missile was likely targeting MV Torm Thor,...
“We made progress on all of our key objectives since our report for the second quarter,” said Sam Norton, president and CEO of Overseas Shipholding Group (NYSE: OSG) as the U.S.-flag tanker and ATB operator reported its results for the third quarter “Adjusted EBITDA increased by more than 20% from the second quarter. We completed transactions to repurchase the equivalent of 7.2 million shares, returning nearly $30 million to our shareholders. We took steps to add additional earning assets to...
https://www.marinelog.com/news/osgs-sam-norton-our-business-plan-is-working/
The U.S. Department of Transportation’s Maritime Administration (MARAD) says that its two key sealift programs, the Maritime Security Program (MSP) and the new Tanker Security Program (TSP) are now fully enrolled.
The MSP and TSP sealift programs provide U.S.-flagged and U.S.-crewed ships for U.S. Department of Defense (DoD) sustainment sealift requirements during times of conflict or in other national emergencies and both pay shipowners a retainer for each enrolled vessel.
“In peacetime, our...
https://www.marinelog.com/legal/shipping/marads-msp-and-tsp-sealift-programs-are-now-fully-enrolled/
Perenco has launched a new platform, which is expected to be installed in the Teak, Samaan and Poui fields offshore Trinidad and Tobago.
The post Newly converted platform to be deployed at Perenco fields off Trinidad and Tobago appeared first on Offshore Energy.
Twenty-one months ago seems an eternity given the challenges the world now faces yet the writer clearly recalls sitting on a trading floor and hearing excited chatter that enquiries were being received for VLSFO. The writer has to say he gave a little sigh of relief to think that buyers were indeed proactively planning for what many of us will ultimately define as one of the biggest challenges within the industry and our careers, the IMO 2020 changeover, reports Integr8 Fuels.`