The U.S. Department of the Treasury’s Office of Foreign Assets Control announced sanction violations against four companies and identified four vessels as blocked property due to their operations with Venezuela’s oil industry. In announcing the actions, the official statement said, “The United States reiterates that the exploitation of Venezuela’s oil assets for the benefit of […]
[By Greg Mapson] For the better part of 50 years, NATO has maintained a standing force of mine countermeasure vessels at the ready to respond to a mining incident in the English Channel and approaches.The force originally consisted of seven to nine mine countermeasure vessels from the Royal Navy, German Navy, Royal Netherlands Navy and […]
On Monday, offshore rig operator Seadrill said that it would voluntarily delist from the New York Stock Exchange due to its too-low stock valuation and market cap. On Tuesday it flagged a ‘going concern” warning for investors, citing the fundamental market imbalance between rig supply and demand. Seadrill said that months of talks with its […]
Cruising made an unexpected first return to operations not with ocean-going vessels, but instead with river cruising in Europe. Nicko Cruises headquartered in Germany launched the first cruise with its vessel the nickoVISION boarding passengers on June 1 for a cruise from Straubing along the Danube and Rhine rivers to Dusseldorf. While the cruise marked […]
Concerns of coronavirus outbreaks in the Pacific Northwest fishing fleet gained new currency this week with multiple infections aboard the factory trawler American Dynasty. 86 out of the 124 crewmembers aboard the vessel have tested positive for COVID-19, according to operator American Seafoods. In a statement, American Seafoods said that all of the American Dynasty’s crewmembers […]
Singapore’s first LNG bunkering vessel was launched at the Keppel Nantong Shipyard in China. The vessel is being built for FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern. The vessel joins the growing number of LNG bunkering vessels worldwide. In early 2019, there were only six bunkering vessels operational around […]
Everyone in the travel industry has been speculating on what the cruise experience will be when cruise ships return to service after their long service suspension due to the coronavirus and the Centers for Disease Control’s (CDC) “no sail order.” Norwegian Cruise Line became the first of the large North American cruise companies to offer […]
Westport, Connecticut – June 2, 2020: SOKANA, a joint venture commercial management company between Lars Ebbesen and the Interunity Group has officially launched today, bringing back a renowned name in chemical and product shipping. SOKANA already has 880,000 dwt of committed tonnage under management and will be pursuing further controlled growth. The SOKANA trading […]
Lafayette, LA, June 2, 2020 – Global Data Systems, Inc., a leading managed services provider, announced today that CRN® a brand of The Channel Company, has named Global Data Systems, Inc. (#410) to its 2020 Solution Provider 500 list. Each year, CRN releases its list of top 500 solution providers, a ranking of the leading […]
A study from the United Nations Conference on Trade and Development (UNCTAD) finds that total commodity exports to China could fall dramatically as a result of the coronavirus crisis. Citing the dramatic drop in demand for energy products, ores, and gains as the factors impacting total exports to China, the UN report raises concerns for […]
The global drive to launch smart port technology is taking another step forward with the announcement of a new strategic cooperation between China Merchants Port Group, Alibaba Group, and Ant Financial Group. China Merchant Port Group (CMP), which operates 41 ports in China and 25 other countries, is seeking to leverage the combined expertise in […]
Auramarine, the leading provider of fuel supply systems for the marine and power industries, today announced the appointment of Mr. John Bergman as its new CEO. Mr. Bergman joins the company from 1st June 2020. John Bergman joins Auramarine from Raumaster where he served as CEO. He will apply his extensive experience within the project and technology sectors […]
