The Ardent Group sold its Australian subsidiary Ardent Oceania Pty Ltd to its managing director Drew Shannon. It will continue as an independent company under the new name United Salvage Pty Ltd.Ardent, a maritime emergency management and wreck removal company created by the 2015 merger of salvage divisions of Svitzer and Crowley
Two dozen small shipyards in the U.S. have received a combined $19.6 million through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program to help fund upgrades and expansions that often lead to more competitive operations, quality ship construction and improved employee skill.“This $19.
Small shipyards in the U.S. are critical to the nation’s maritime operations and economic security. Typically family-owned and employing less than 1,200 workers, America’s small shipyards support more than 400,000 jobs, employ more than 100,000 Americans directly and contribute tens of billions in gross domestic product, according to the U.S.
Master Marine, Inc. has delivered a second towboat for Osage Marine Services, Inc. The newly built M/V Frank Mellor, like its sister ship, is a 67’ x 28’ vessel designed by Entech Designs, LLC. All USCG certificates for their Sub M compliance have been obtained.The towboat is powered by a pair of Laborde Products, S6R2-Y3MPTAW Mitsubishi 803 HP Tier III diesel marine engines to be operated at 1
The U.S. Navy’s newest nuclear-powered aircraft carrier John F. Kennedy (CVN 79) was christened Saturday during a ceremony at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division.The second aircraft carrier in the Ford Class, John F. Kennedy (CVN 79) is also the second aircraft carrier built by Newport News Shipbuilding named for JFK.
Greece-based Onex Elefsis Shipyards announced that it will allocate up to $400 million, over a 15-year period, to purchase and finance the operation of the Elefsina Shipyards, west of Piraeus.The Greek shipyard said that the US investment firm Chatsworth Securities has agreed with it to make an investment, as part of efforts to save the complex from bankruptcy.
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance
Australia will evacuate more than 200 of its citizens onboard a coronavirus-stricken cruise ship being held under quarantine in the Japanese port of Yokohama, Prime Minister Scott Morrison said on Monday.Morrison said the passengers will depart on Wednesday and will be taken to Australia's tropical north, where they will be required to be quarantined for another 14 days.
3D printing technology developed in Darwin will be deployed by the Royal Australian Navy in a world-first trial that will streamline the maintenance of patrol vessels.The Morrison Government will invest $1.5 million in the two-year Supersonic Deposition 3D printer pilot, which will lead to a significant increase of parts availability compared to what the regular supply chain can provide.
The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7%, or 151 points, to 2,014 points, its biggest one-day drop since January 31.
Australia will join the United States in a security mission to protect merchant vessels travelling through key Middle East waterways after Iran seized a British-flagged vessel, Prime Minister Scott Morrison said on Wednesday.Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world's seaborne crude flows out of the Gulf.
The Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community—today organized its inaugural Tech and Demo Day, during which it announced the formation of a new Digital Transformation Committee.The association said that the Tech and Demo Day aims to help shipping companies—including the small and medium-sized enterprises (SME)—catalyze their adoption of