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.
U.S. maritime companies Crowley and SEACOR Holdings on Thursday announced the formal launch of their joint venture Fairwater Holdings LLC, an independent U.S. company integrating the firms’ petroleum and chemical transportation vessels, capabilities and personnel.Active in all major Jones Act coastwise tank vessel trades, Fairwater supports the transportation of petroleum products
A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week as planned following a move by the U.S. Federal Maritime Commission to study the potential competitive impacts of the arrangement.The FMC said on Friday it is seeking more information to determine the potential competitive impacts of the proposed Gemini Cooperation
Maritime software company ABS Wavesight on Tuesday announced major updates to its My Digital Fleet software aimed at empowering maritime operators to optimize performance, improve energy efficiency and streamline compliance with decarbonization requirements.The ABS Affiliate maritime software-as-a-service (SaaS) company unveield the updates at the Posidonia trade fair in Athens.
New nuclear reactor technology represents a once in a generation opportunity for U.S. industrial policy, as vessels propelled by advanced small modular reactors (SMR) could act as a catalyst for the revitalization of the country’s shipbuilding, according the Chairman and CEO of American Bureau of Shipping (ABS), Christopher J. Wiernicki.
A nuclear-propelled containership designed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) received approval in principle from ABS.The design for a 15k TEU vessel uses a propulsion system comprised of a molten salt reactor (MSR) for heat and a supercritical carbon dioxide (SCO2) system for power generation.
American Fan working with Ingalls Shipbuilding and other shipbuilders to provide ventilation fans for ten Flight III destroyersFairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded multiple purchase orders for its Ohio-based business unit, American Fan
The Liebherr portal slewing crane of type LPS 600, the first of its kind in Germany, has been delivered J. MÜLLER Weser to enhance its bulk and general cargo operations at the port of Brake.The project marks the first rail-mounted portal crane at the port of Brake, designed for an extended 650-metre travel path in one direction
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.
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.
A new ship safety center in Athens will help prepare seafarers to handle a dynamic, multi-dimensional shipping industry as alternative fuels and emerging technologies present new challenges for the sector.Plans to open the Hellenic Ship Safety Center were announced by classification society ABS at the Posidonia trade fair in Athens.