Maritime Companies Directory

The U.S Navy is searching for a sailor who is believed to have fallen overboard from USS Lake Erie (CG 70) in the eastern Pacific Ocean.The Ticonderoga-class guided-missile cruiser began man overboard procedures after the sailor failed to report for duty at approximately 7 a.m. local time, August 19.The ship's crew has completed multiple extensive searches of the ship, and all attempts to locate the sailor on board have been unsuccessful, the Navy said.USS Lake Erie, which is currently operating with the John C. Stennis Carrier Group Strike Group (JCS CSG), is currently conducting search and rescue operations along with other ships and helicopters assigned to the JCS CSG as well as the U.S.

A sunken derrick barge has been raised from the Gulf of Mexico seafloor following several months of planning, engineering, on-site preparations and the heaviest salvage lift ever accomplished in the Americas, said marine services and wreck removal specialists Resolve Salvage and Fire Americas.The 350 ft x 100 ft derrick barge DB1 sank 30 miles offshore in the Gulf of Mexico on October 22, 2017, when adverse weather caused it to drag anchors and contact the offshore platform that the DB1 was engaged in removing. Multiple compartments were breached and the DB1 came to rest on the seafloor and on top of the platform jacket structure.

The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China's port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday.The vessel's draft is now at 58 percent of its maximum, indicating that it has unloaded its cargo, according to the Eikon data, which showed the ship now headed for the Australian port of Abbot Point.Cemtex Pioneer, which was previously fully laden in port, is the third vessel to unload a U.S. soybean cargo in China over the past week after sitting at anchor off the coast since July.

South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural gas tankers that is set to benefit the country's shipbuilders.Shares of Hyundai Heavy Industries soar 9.2 pct, while those of Daewoo Shipbuilding & Marine Engineering jump 9.7 pct.Samsung Heavy Industries adds 5.7 pct, after it secured a contract worth 412 billion won ($368 million) to build two LNG carriers for a ship owner in North America.The stock price gains reflect the report issued by Clarkson, a UK shipbuilding industry analysis organisation, which raised the price of an LNG tanker to $181 million, says Park Moo-hyun, an economist at Hana Financial Investment.

Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently, the companies which facilitate international movement of goods.Though the situation is still developing and the final impact is uncertain, Gregory Draco, the Chief U.S. Economist at Oxford, predicted in July that the tariffs would create an 0.1 percent to 0.2 percent drag on U.S. GDP. While the expected reduction is rather modest, Mr.