Helsinki Shipyard Acquisition Wrapping Up

The acquisition of the current Arctech Helsinki Shipyard in Finland will be finalized in May, the involved parties say, having agreed to transaction terms on May 9.In preparation for the closing, current owner Arctech Helsinki Shipyard Oy (AHS) said it has established a new company…

Houston Ship Channel Could Reopen Wednesday

Salvage crews on Wednesday began removing two gasoline barges damaged in a weekend collision with a deep-draft vessel that restricted traffic in the Houston Ship Channel, officials said.The removal of the Kirby Corp-operated barges could be completed by midday Wednesday…

Helsinki Shipyard: New Russian Owners Will Help Secure New Orders

Russian-owned Arctech Helsinki shipyard in Finland is getting new owners which the company hopes will help it secure new orders, it said in a statement on Wednesday.Russia's state-owned United Shipbuilding Corporation (USC) has tried since 2017 to sell its majority stake in the Finnish shipyard…

New legislation focuses on ten-year, $100 million dedicated freight funding plan

Rep. Alan Lowenthal (D-CA) introduced legislation with an eye on creating a dedicated revenue source that will direct more than $100 billion over a ten-year period to rebuild crumbling United States infrastructure and to also bolster the national economy from a competitive perspective. Entitled “The National Multimodal and Sustainable Freight Infrastructure Act,” Lowenthal’s office said that this bill serves as a continuation of the success of the FAST (Fixing America’s Surface Transportation) Act in ensuring what it called continued investment in the goods movement network.

Oil Spill at Statfjord

An unspecified amount of oil was observed on the sea surface early Wednesday morning in connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, Equinor announced.The loading operations were stopped when this was discovered…

Ship Fire off Mallorca Mostly Extinguished

Spanish emergency services have largely put out a fire aboard a vehicle transport ship off the island of Mallorca after some of the crew were airlifted to safety earlier on Wednesday.The Sea Rescue Society posted a short video on Twitter showing…

Global Problem, Local Action: IMO/EU Initiative

A new IMO video puts the spotlight on how an IMO/EU initiative is helping cut maritime emissions in the Solomon Islands as part of a global project to help tackle climate change.When the solar-powered LED lights go on at night in the port of Honiara…

OP/ED: Is Short Sea shipping on the horizon along the Atlantic Intracoastal Waterway?

Are paradigms shifting on the increased role of inland waterways with respect to short sea shipping and the Nation’s marine transportation system? Investigation and implementation of new commerce shipping avenues are becoming more common along…

DSME Wins LNG carrier Order

South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has received an order liquefied natural gas (LNG) carrier.The vessel capable of transporting 174,000 cubic meters of LNG will be built at Geoje Okpo shipyard for an undisclosed shipowner from Oceania…

Strong US freight activity runs counter to economic fears

The US economy remains “extraordinarily strong,” based on the level of freight...