Magsaysay Shipmanagement, Inc.

Offshore vessel owner Hermitage Offshore Services, hit by prolonged low oil prices and business fallout from the coronavirus pandemic, said it has voluntarily filed for reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.New York-listed Hermitage, part of the Scorpio Group, said it filed for Chapter 11 after failing to reach a financial restructuring deal with lenders out of court."While the company would have preferred to complete its financial restructuring out of court, it was unable to reach a consensual agreement with its lenders

Mauritius’ Prime Minister Pravind Jugnauth said on Wednesday nearly all remaining oil had been removed from a damaged Japanese ship, which leaked about 1,000 tonnes in a threat to tourism already hurt by the coronavirus pandemic.“At the time I’m talking to you, almost all the oil has been removed from the ship,” Jugnauth told reporters, according to remarks shared by his office.All fuel had been removed from tanks, but there was some residue in parts of the ship, his office added.Tourist operators fear the spill will further damage businesses already reeling from the epidemic and could cost jobs if pristine beaches are spoiled.Tourism generated 63 billion rupees ($1.

The United States military on Wednesday said that Iranian forces had boarded a civilian vessel in international waters in the Gulf.The U.S. military's Central Command released a grainy black-and-white video on Twitter showing a helicopter near a large ship."Today in international waters, Iranian forces, including two ships and an Iranian 'Sea King' helicopter, overtook and boarded a ship called the 'Wila,'" the U.S. Central Command said in a tweet.According to Refinitiv tracking data, Wila is a Liberian-flagged oil tanker and was currently anchored near the United Arab Emirates' port of Khor Fakkan.A U.S.

Canada Steamship Lines' 41-year-old self-unloading bulk carrier Salarium has reached the end of its service life and will be dismantled at a ship recycling yard in Turkey, CSL Group announced.The long-serving 35,656 DWT bulker made its final voyage at the end of 2019, loading salt in Bécancour, Que. on December 19 for discharge it in Oshawa, Ont. on December 27. The vessel was then laid up in Toronto until April 2020 when it was moved to Montreal.A CSL Group spokesperson told MarineLink the company will finalize the ship recycling yard in Turkey next week, noting the dismantling will be performed in accordance with local legislation, international conventions and CSL’s Ship Recycling Policy.

Rolls-Royce and the Defense Production Act Title III office will invest millions of dollars to upgrade the company’s capability and capacity for U.S. Navy ship propulsion components in its facility in Pascagoula, Miss.The DPA Title III office has already agreed to invest $22 million for equipment, with Rolls-Royce making an additional investment for building improvements, supplemented with support from Jackson County and the state of Mississippi.Naval components manufactured by Rolls-Royce at Pascagoula include controllable-pitch propeller systems, fixed pitch propellers, and water jets. The components help power the majority of U.S.