Canadian dry-bulk shipping company Fednav Limited on Thursday announced it has signed an agreement with Sumisho Marine Co., Ltd. (Sumitomo Corporation Group) and Oshima Shipbuilding to build 10 new oceangoing lakers. The ships will be built at Oshima shipyard in Japan, with the first vessel expected to be delivered in mid-2023.
U.S. shipbuilder Conrad Industries has signed a license agreement with the Netherlands-based Damen Shipyards Group to build two Damen Multi Cats 3013 for Great Lakes Dredge & Dock Corporation.The two vessels covered by this agreement will be the first Damen Multi Cats to be built in the U.S. Fully compliant with the U.S. Coast Guard and U.S.
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented the plan at an event attended by Egyptian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most.
A largescale salvage operation has freed one of the world's biggest containerships from blocking global trade through the Suez Canal, services firm Boskalis said Monday, enabling the resumed flow of maritime commerce through one of the world’s most important shipping arteries.At high tide on Monday, a team of tugboats was able to dislodge the 20
President Joe Biden on Monday signed an executive order aiming to use government spending to strengthen domestic manufacturing and create markets for new technologies, in a move widely praised by America's maritime industry.The executive order, titled Strengthening "Buy American" Provisions, Ensuring Future of America is Made in America by All of America’s Workers"
The U.S. dredging fleet is growing. Presently on order and under construction is a raft of in-demand equipment that will help to keep America’s ports and waterways open, safeguard coastal communities and maintain the vital flow of maritime commerce to, from and through the U.S.In August
The first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years was launched at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis. on December 17.Scheduled for completion in mid-2022, the Interlake Steamship Company's new River-Class, self-unloading bulk carrier Mark W. Barker is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983.
“…We have built our reputation job by job, boat by boat, and tow by tow, and we intend to continue to do so.”The Great Lakes Towing Company (GLT) and the Great Lakes Shipyard are core businesses within The Great Lakes Group of Companies, based in Cleveland, on the Old River, a shipping channel that runs west from where the Cuyahoga River meets Lake Erie.
How have major events such as the U.S./China trade war, oil price fall and COVID-19 impacted Twin Disc’s commercial marine business to date, and what adjustments have you made in response?These are the three things that I’ve been highlighting in employee communications and with investors over the last few months. For us, COVID was just the third punch after the other two.
American shipyards form an important economic engine, supporting nearly 400,000 jobs, $25.1 billion of labor income and $37.3 billion in gross domestic product (GDP), according to figures from the U.S. Department of Transportation’s Maritime Administration (MARAD).It’s a good thing, then, that U.S.
Manson Construction Co. signed a contract with Keppel AmFELS to build a new hopper dredge at the shipbuilder's facility in Brownsville, Texas, the Seattle-based marine contractor announced Monday. The new dredge is scheduled to be fully operational by spring 2023 and continues a dredge building boom currently underway in the U.S.
The dredging market in the U.S. is strong and growing, a bright spot for U.S. shipyards, with increased funding for critical infrastructure projects and port dredging at the federal and state levels. Great Lakes Dredge & Dock, the country’s largest dredging company, has invested mightily in new dredgers at U.S. yards. Lasse Petterson, CEO and President, shares insights on the strategy ahead.