Kraken Robotics Inc. announced the passing of founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year tenure, before retiring in December 2022.
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.
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)
Zelim, an Edinburgh-based maritime safety innovator, has appointed a former Commander of the United States Coast Guard (USCG) Matthew Mitchell to lead its U.S. office as part of the strategy to open new markets for its man-overboard and security threat detection and recovery technologies.
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
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced $8.75 million in grant awards to 15 small shipyards in 12 states through the Small Shipyard Grant Program. The funds will help shipyards modernize, increase productivity, and expand local job opportunities while competing in the global marketplace.
The skipper of a U.K. fishing trawler has been been fined and given an eight-month prison sentence after falling asleep during his watch, causing the vessel to collide with another and injuring two crew membersOn January 15, 2022, Maurice Reid of Fraserburgh, Scotland was in charge of the fishing vessel Margaret Anne’s journey when he started to fall asleep.
Palatka, Fla. shipbuilder St. Johns Ship Building delivered Windea Enterprise, the second of three Jones Act-compliant Incat Crowther 30-meter crew transport vessels (CTV) ordered by WINDEA CTV, LLC, a partnership of Hornblower Wind and MidOcean Wind.St. Johns Ship Building has a long-term relationship with WINDEA CTV, LLC, a company focused on U.S.
U.S. President-elect Donald Trump said on Tuesday he will move quickly to revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden."Banning offshore drilling will not stand. I will reverse it immediately," Trump said at a news conference. He added: "I will revoke the offshore oil, gas drilling ban in vast areas on day one.
PowerCell Group has secured an approval in principle (AIP) from classification society DNV for its methanol-to-power solution. The system integrates a methanol reformer from RIX Industries with the PowerCell Marine System 225, recently launched to aid in the maritime industry's shift toward cleaner energy sources.
Luke M. Reid has joined Blank Rome as a partner in the firm’s Maritime group and as a member of the Transportation industry team in the Boston office. A former U.S. Coast Guard officer, Reid advises clients in connection with all aspects of international and domestic maritime regulatory compliance, as well as representing maritime clients in connection with government investigations