Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago
Several companies within Japan's NYK Group have partnered to test the remote navigation of a tugboat in Tokyo Bay.The tugboat, operated by NYK's Shin-Nippon Kaiyosha Corporation, was equipped with a manned remotely controlled system and put to the test by NYK and its group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS).
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transportation intermediaries, including Customs brokers in certain circumstances and still be compliant with the “reasonableness” requirement of 46 U.S.
Metal Shark announced Monday its Bayou La Batre, Ala. shipyard has delivered its first newbuild, a 120’ x 35’ river towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La.The four-decked, welded-steel, USCG Subchapter “M”-compliant towboat Stephanie Pasentine, which bears the distinction of being Louisiana-based Metal Shark’s first-ever steel newbuild and also its first inland
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
Bouchard Transportation Co. reports all back pay has been processed as the company continues to work to raise capital that would allow it to return its vessels to service, the company's president and CEO Morton S. Bouchard III said Tuesday in a letter to staff, customers and vendors.The full letter is below:To Bouchard Transportation Co., Inc.
All American Marine, Inc. (AAM) completed construction and launched an aluminum research and survey vessel for Duke University. The Duke University Marine Lab (DUML) is a hydrofoil-assisted catamaran from Teknicraft Design. Measuring 77 x 26.5 ft. the vessel is based on a pair of successful Teknicraft Design vessels AAM built for NOAA.
VT Halter in Pascagoula, MS has been on a strong run, capped by its winning the high-profile contract to build the U.S. Coast Guard’s next generation of icebreakers. Maritime Reporter recently spoke with Ron Baczkowski, President and CEO, VT Halter Marine, for insights on the shipyard’s recent success and future prospects.
Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”).
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $19.6 million in grants to support capital improvements at 28 U.S. small shipyards as a part of its Small Shipyard Grant program. The grants enable small shipyards to modernize equipment and processes to fuel future growth.