Maryland gives offshore wind a boost
The MPSC says the decision will enable U.S. Wind, Inc. and Skipjack Offshore Energy, LLC to construct 368 megawatts of capacity, together yielding over $1.8 billion of in-state spending, spurring the creation of almost 9,700 new direct and indirect jobs and contributing $74 million in state tax revenues over 20 years.
U.K. Chamber of Shipping applauds CPB Jones Act U turn
“When the US CBP solicited industry comments on its proposal to end these exemptions, it received an overwhelmingly negative response from overseas government bodies, the international shipping industry and U.S. energy companies that rely on these specialist services.”
New test bed boosts Cat’s LNG R&D
The test bed is expected to help Caterpillar learn more about LNG and the engineering required to maximize its potential.
Tidewater to file for Chapter 11 bankruptcy
The company said today that it has entered into an agreement with lenders and note holders to effectuate a proposed prepackaged plan of reorganization.
Moran’s Tregurtha is new AWO Chairman
Tregurtha succeeds outgoing Chairman James F. Farley, VP Industry Relations, Kirby Corporation.
Blue Water Shipping wins new Kazakhstan contract
The company is leading a consortium that will work in close cooperation with the leading Russian tug and barge operators for the provision of the vessels’ crews and services within the Russian Inland Waterways.
TEN reports profitable first quarter
TEN reports that 77% of its fleet is on long-term employment and that it has $1.4 billion in minimum contracted future revenues.