Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
“Each Career Connect Washington program is codeveloped with businesses and educators, so each program we build or expand meets the needs of industry and students.” -Andrew Clemons, Grant Administrator, State of Washington.In March, the U.S. Joint Office of Energy and Transportation announced a new workforce development webpage – for electric vehicle job opportunities.
The International Transport Workers’ Federation (ITF) is calling out Dubai-based ship management company Middle East Marine LLC for what it described as "the worst case of serial seafarer abandonment ever seen", involving the systematic abuse and neglect of more than 100 seafarers.
Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered by Norwegian transport company Torghatten Nord.The design, produced by The Norwegian Ship Design Company for operations in the challenging waters of the Vestfjordstrekninga fjord in the Arctic Circle
Frank Manning has quickly risen through the ranks during his eight years in the shipyard business, today serving as president and COO at Diversified Marine, Inc. (DMI) in Portland, Ore. Crucial along the way has been a passion for the business itself and the people that make it all possible.“The first day I walked in a shipyard I knew that I was in the right industry,” Manning said.
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.The U.S. Treasury Department in a statement said it slapped sanctions on three United Arab Emirates-based companies and three vessels owned by them in the action
A Turkish-flagged general cargo ship that was sailing on Thursday in the Black Sea en route to Ukraine's Izmail port did not sustain damage from an explosion, Turkey's maritime authority and the ship's captain told Reuters on Friday."An explosion occurred 15-20 meters behind the Kafkametler ship en route to Izmail port from Batumi port while it was cruising off the coast of Romania/Sulina (port)
A Turkish-flagged general cargo ship hit a mine on Thursday in the Black Sea off the coast of Romania and sustained minor damage but the crew was safe, maritime and security sources said.British maritime security company Ambrey, citing information it received, said the ship struck a sea mine 11 nautical miles north of Sulina in Romania, near the entrance to the Sulina Canal.
Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S.
New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.
A 77-year-old fish factory vessel with a checkered history is reportedly leaking ammonia in Tacoma, Wash.The U.S. Coast Guard said on Wednesday it is responding to the incident on board the U.S.-registered Pacific Producer, a 169-foot-long seafood processing vessel with a long string of health, safety and labor violations.
Maersk Line Limited has been ordered to pay more than $700,000 and reinstate a seafarer it fired for reporting safety concerns about a company vessel to the U.S. Coast Guard.A federal whistleblower investigation determined that the company—a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk—illegally suspended and terminated a seafarer who reported safety concerns about the U.S.