French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment Group becoming its majority shareholders.The restructuring marks the start of a new strategic phase aimed at improving profitability, enhancing organizational efficiency, and expanding market presence.
SCHOTTEL will supply rudder propellers for a new series of seven electric double-ended ferries by Scotland’s state-owned Caledonian Maritime Assets Limited (CMAL). The vessels will be constructed by the Polish shipyard Remontowa Shipbuilding S.A, with the first delivery scheduled for 2027.
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. The shipbuilding industry continues to improve on safety metrics year after year.
Manson Construction Co. (Manson) announced that James (Jim) McNally, previously Manson’s Executive Vice President and Chief Operating Officer (COO), has assumed the role of President and CEO as of March 3, 2025.“The Board of Directors unanimously approves of Mr. McNally taking the reins of Manson due to his excellent performance as COO and his long-time industry experience
Florida-headquartered Seascour has struck a second deal to supply its organic marine descaler product on one of the Great Lakes most famous vessels, The Wilfred Sykes.The iconic steam powered bulk freighter built in 1949 operated by Indiana based Central Marine Logistics, has just received its second application of Seascour.
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025
Autonomous navigation solution provider Avikus, a subsidiary of HD Hyundai, has joined the newly established MIT Maritime Consortium.Launched at the Massachusetts Institute of Technology (MIT) on March 18, 2025, the consortium brings together prominent maritime organizations to drive innovation and set international standards in autonomous navigation and maritime decarbonization.
China and the Philippines accused each other on Tuesday of dangerous manoeuvres in a hotly disputed shoal in the South China Sea, in the latest confrontation over the waterway.A Chinese coast guard vessel sped up and manoeuvred on Monday to block the navigation route of a Philippine vessel around 36 nautical miles off the Scarborough shoal, the Philippine Coast Guard said.