Island Offshore Management AS

A specialized heavy-lift vessel departed the Port of Fernandina, Fla. Monday en route to Georgia's St. Simons Sound, where it will be used by salvage crews to cut and lift sections of the capsized car carrier Golden Ray.The U.S. flagged VB 10,000 is expected to reach the St. Simons Sound in the early hours on Tuesday and remain on scene for a minimum of eight weeks, plus any extra time required for weather stoppages or other unforeseen circumstances, Michael Himes, public information officer for the St Simons Sound Incident Response told MarineLink.

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran's oil sector for supporting the Quds Force, the elite foreign paramilitary and espionage arm of the Islamic Revolutionary Guard Corps."The regime in Iran uses the petroleum sector to fund the destabilizing activities of the IRGC-QF," Treasury Secretary Steven Mnuchin said in the statement.

Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies, which move goods for customers including Amazon.com and Walmart, got stung late last year and early this year when COVID-19 halted trade around the world, and they question whether the U.S. import boom can be sustained."Let's not get carried away," Rolf Habben Jansen, chief executive of Germany's Hapag Lloyd, told reporters. "This is just a spike that no one has foreseen in an unusual period. There will be a correction to that."U.S.

Naval architecture and marine engineering firm Gibbs & Cox announced it is expanding its services into Houston with the aim to generate revenue in non-naval markets, develop and sell new products and/or services to non-traditional clients and contribute to existing programs."Over the last several months, we have hired a number of staff from the Houston area and expect this trend to continue as we continue to grow with our recent contract wins," Gibbs & Cox said in a statement on Monday.

Canada’s premier nuclear science and technology laboratory is examining opportunities to reduce greenhouse gas emissions and other pollutants from marine vessels in Canada.Canadian Nuclear Laboratories (CNL) said Monday it has been awarded a contract by Transport Canada to develop an assessment tool to examine clean technologies that could reduce greenhouse gas emissions and the release of other pollutants from vessels. Using what is known as CNL’s Marine-Zero FuelTM (MaZeFTM) Assessment Tool