Reston, Va.-based Leidos said it has entered into a definitive agreement to acquire esteemed naval architecture and marine engineering firm Gibbs & Cox for $380 million in cash, as the defense, engineering and IT conglomerate looks to bolster its expertise as it competes for U.S. Navy unmanned systems contracts.
Salvage crews completed cutting operations to separate the stern section from the Golden Ray wreck in St. Simons Sound, Ga., on Saturday night, and the giant piece of the overturned car carrier will be craned onto a barge and hauled away for recycling.Once lifting preparations conclude
Freehill Hogan & Mahar LLP Partner Daniel Fitzgerald retired from the U.S. Coast Guard Reserve in a ceremony at U.S. Coast Guard Headquarters in Washington D.C., this summer.Rear Admiral Melissa Bert presided over the ceremony, which was attended by family, friends and Coast Guard colleagues who worked with Fitzgerald over the past 28 years.
As the maritime industry searches for technologies and energy sources that can deliver on upcoming decarbonization regulations from the IMO and EU and ultimately delivering zero-emissions shipping, the development and deployment of wind propulsion technologies have been making headlines that speak to a growing momentum.
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth."It is expected that a number of offshore support vessels (“OSVs”) and crew boats will be redeployed from the offshore oil and gas sector to service the offshore wind industry and that existing offshore wind installation vessels will be
NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to expand its role in the global fleet’s vessel analytics and performance optimization. Financial specifics of the acquisition were not made available.
Centerline Logistics acquired Saltchuk Marine Services’ California ship refueling business, currently operated by subsidiary Foss Maritime Company. According to a press release from Centerline, this "major acquisition" brings together the combined capabilities of two of the nation’s leaders in petroleum transportation
An abandoned, partially sunken tugboat is actively discharging oil within Krause Lagoon in St. Croix, U.S. Virgin Islands, the U.S. Coast Guard said Tuesday.The amount of oil discharged from the tug Cape Lookout remains unknown, while the maximum potential discharge based on the size of the vessel fuel and lube oil tanks is approximately 48,000 gallons of fuel and 2,000 gallons of lube oil
In the past few years, the commercial use of facial recognition technology has advanced at an explosive rate, expanding into numerous industries and trades. For instance, facial biometrics is increasingly relied on by airlines and airports across the globe; a similar trend is starting to take hold in the maritime industry, particularly the cruise sector.
The below e-mail recently received by the author paints the picture we are seeing a thousand fold in the current ocean shipping marketplace in the inbound/outbound Asia trade lanes which underscores the serious disconnect currently between ocean common carriers and shippers in these U.
Carnival Cruise Line said it has named Darrell Campbell as chief financial officer. He joins the U.S.-based cruise operator from parent company Carnival Corporation where he has served as corporate treasurer since 2017.Prior to his role at Carnival Corp, Campbell served as an audit partner at PricewaterhouseCoopers LLP. He is a licensed CPA in Florida and New Hampshire.
International Marine and Industrial Applicators, LLC (IMIA), a portfolio company of an investment affiliate of J.F. Lehman & Company (JFLCO), announced it has acquired Main Industries, Inc.Headquartered in Hampton, Va., Main Industries provides preservation, scaffolding and environmental containment services to the marine vessel new construction and maintenance, repair, and overhaul (MRO) markets.