Finland's public transport agency said that an oil tanker suspected of damaging undersea cables in the Baltic Sea was found to have serious deficiencies and will not be allowed to operate until repairs have been made.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 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.
The U.S. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.The Navy, which has been looking for ways to reduce costs and increase efficiency across its shipbuilding and repair programs
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.
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
Royal Caribbean Group’s Silversea has taken delivery of Silver Ray, the second ship in its Nova Class, from shipbuilder Meyer Werft in Germany.The 54,700 GT Silver Ray has capacity for 728 passengers. It joins sister ship, Silver Nova, as one of the most energy efficient ultra-luxury and expedition cruise ships ever built Other notable features of Silversea’s Nova Class include an asymmetrical
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
American Bureau of Shipping (ABS) and the United States Coast Guard Research and Development Center (USCG-RDC) signed a memorandum of understanding (MoU) as a stepping stone towards collaborative research and development on top-of-mind technologies impacting the maritime industry.Activity under the MoU can include developing joint research publications
Dutch shipbuilder Damen has signed a deal with Ta San Shang Marine (TSSM) for the construction of the second commissioning service operation vessel (CSOV) for Taiwanese offshore wind operations.TSSM, the joint venture between Mitsui O.S.K. Lines (MOL) and Ta Tong Marine, placed an order for the second Damen 9010 CSOV, set for delivery at the end of 2026.
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.