Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.The delays are putting roadblocks on a U.S.
President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables.
When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision comes to fruition as Saronic announced a partnership with Hornbeck Offshore Services, Inc.
At Washington State Ferries, 2026 has started with a thud, one ferry each of the first three days of the year were pulled from service for mechanical problems. Here's a rundown.Walla Walla was removed from our Seattle/Bremerton route midday Thursday, Jan. 1. A propeller blade broke off. The cause is still unknown.
Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore service fleet to be future-ready for both the offshore wind and petro-energy sector demands for broadly capable marine support vessels.
Windward Offshore has taken delivery of its first Commissioning Service Operation Vessel (CSOV), Windward Athens, built by Norwegian shipbuilder Vard.The vessel represents a major milestone on Windward Offshore’s growth path and marks the company’s entry into operations with its dedicated CSOV fleet.
Patricia Ruf, Member of the administrative board at Liebherr-International AG, has formally christened SAL's MV Patricia at the Liebherr site in Rostock. The vessel is the third delivered unit in SAL's Orca Class newbuilding program and bears the name of her godmother. The ceremony brought together more than 350 guests invited by SAL, including customers, partners and suppliers
An LPS 550 fitted with an electric drive from Liebherr’s Baltic-side production facility has been delivered to Middlesbrough to increase PD Ports’ productivity. The new machine will focus on bulk work at Teesport, complementing two sister cranes commissioned in 2023, strengthening hatch coverage and maintaining consistent cycle times.
J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc. (FSG).
French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment Group becoming its majority shareholders.The restructuring marks the start of a new strategic phase aimed at improving profitability, enhancing organizational efficiency, and expanding market presence.
Lone Star Funds has announced that an affiliate of Lone Star Fund XI, L.P. has completed the sale of Vigor Marine Group to Antin Infrastructure Partners.Based in Portland, Oregon, Vigor Marine Group operates shipyard and fabrication facilities across five locations and employs approximately 2,700 people in the Pacific Northwest, Virginia and California.
Florida-headquartered Seascour has struck a second deal to supply its organic marine descaler product on one of the Great Lakes most famous vessels, The Wilfred Sykes.The iconic steam powered bulk freighter built in 1949 operated by Indiana based Central Marine Logistics, has just received its second application of Seascour.