CASHMAN EQUIPMENT CORPORATION

The heavy-lift vessel VB 10,000 arrived Tuesday at the Golden Ray wreck site in Georgia's St. Simons Sound, where the specialized vessel will be used by salvage crews to cut and lift sections of the overturned car carrier. The Korean-owned Golden Ray, which capsized after leaving the Port of Brunswick in September 2019, will be dismantled in place and removed in sections. Salvors have installed 16 lifting lugs on the wreck to provide connection points for the U.S.-flagged VB 10,000, which has two 255-foot tall gantries that will use lengths of chain to cut the RoRo vessel into eight pieces and lift them onto barges for transportation to Gibson, La. for recycling.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed shipbuilding contracts with Russia's Sovcomflot and Japan's Mitsui O.S.K. Lines for the construction of six icebreaking Arc7 liquefied natural gas (LNG) carriers based on a newly developed design.The new ships will be the second generation of vessels engineered to transport LNG from the Russian Arctic, with special emphasis on year-round operation in the eastern sector of the Northern Sea Route.DSME worked with Novatek and Finnish engineering firm Aker Arctic to develop the state-of-the-art icebreaking LNG carriers

It’s easy to skip critical maintenance tasks, especially when operational budgets are being reduced. Are you prepared for the risks to vital equipment? Right now, taking steps to assess and prep your equipment so you reduce downtime later can help pay dividends when offshore activity ramps up. It’s also far less costly than equipment replacement.Click Here to Join!In the world of industrial hydraulics, this process should start with your hydraulic fluid — a topic that, unfortunately, is easy to overlook as it relates to maintenance.

The Virginia Port Authority Board (VPA) of Commissioners today introduced Stephen Edwards as the next leader of The Port of Virginia. He succeeds John F. Reinhart who for the last seven years has led the VPA as its CEO and executive director.Edwards has extensive experience in the global transportation industry most recently as the president and CEO of TraPac, LLC (TraPac), which operates container terminals in Los Angeles, Oakland and Florida. His tenure with the VPA begins on January 19, 2021.“I am delighted to be joining the Virginia Port Authority team in January,” Edwards said.

Israel and Lebanon on Wednesday held a second round of U.S.-mediated talks over their disputed sea border that has held up hydrocarbon exploration in the potentially gas-rich area, though sources said gaps between the sides remain large.Delegations from the long-time foes reconvened at a U.N. peacekeeper base to try to reach agreement over their maritime border after an initial meeting earlier this month.The sides presented contrasting maps on Wednesday outlining proposed borders that actually increased the size of the disputed area, sources said.