The federal district court in Anchorage, Alaska, has entered final judgment against three Kodiak-based commercial fishing companies and their manager for multiple violations of the Clean Water Act.The court entered default judgments against company manager Corey Potter and F/V Knot EZ LLC, Aleutian Tendering LLC, and Alaska Tendering Company LLC, and imposed a civil penalty of $1,182
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
HII announced today that it has entered into a definitive agreement to acquire substantially all of the assets of W International SC, LLC and Vivid Empire SC, LLC (collectively “W International”), a South Carolina-based complex metal fabricator specializing in the manufacture of shipbuilding structures, modules and assemblies.
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.
The Pasha Group, together with The Northwest Seaport Alliance (NWSA), announced Pasha Logistics LLC’s acquisition of certain assets of MacMillan-Piper LLC and Tacoma Transload LLC. The expansion follows the successful completion of an asset purchase agreement with the court-appointed Receiver for GSC Enterprises, Inc.
Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.The oil tankers are critical to Russia's energy and oil sectors
The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships.The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet the International Maritime Organization's targets
French energy giant TotalEnergies and OQ Exploration and Production (OQEP), Oman's national oil company, have held the ground breaking ceremony for the Marsa LNG plant, marking the start of construction of the Marsa LNG plant in the port of Sohar, northern Oman.The ground breaking ceremony was held one year after the Final Investment Decision (FID) for the project
In accordance with a halt work order issued by the US government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project.On 16 April, Empire received notice from the Bureau of Ocean Energy Management (BOEM)
Pangaea Logistics Solutions Ltd., announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash.The deal is expected to be completed by November 1, 2024. It will see Pangea own 100% of the equity in Nordic Bulk Partners
Orient Overseas Container Line Co., Ltd. (OOCL) today celebrated the naming of the company's twelfth 24,188 TEU newbuilding at a ceremony held at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) shipyard. The new vessel, named OOCL Portugal, is the last in the 24,188 TEU eco-friendly mega vessel series.
General Dynamics Mission Systems was awarded a fixed-price-incentive, firm-fixed-price, cost-plus-fixed-fee, and cost-only contract from the U.S. Navy in December for up to $808.6 million to produce MK 54 MOD 1 Lightweight Torpedo Kits and related test equipment, spares, provisioned item orders, engineering support and hardware support for the MK 54 Lightweight Torpedo Program.