The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.
There’s plenty to go around for everyone, no matter it comes from.I will admit that attending the 2024 Workboat Show in the Big Easy just ten days after settling into the MarineNews Editor’s chair (for this, the second time around) had my full attention. The event typically evokes the specter of drinking from the proverbial fire hose in routine times
A new report published by DNV has revealed that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies.The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy
MarineNews Editor Joseph Keefe weighs in with a look at the previous five years on the waterfront. It’s not what you think.You might be aware that I stepped away for a moment in late December 2019. The five years that followed, whizzed right by – well, all but that miserable part of being virtually locked in my house for six months during “the Pandemic.” Enough said.
A Singapore-registered containership allided with an iconic training tall ship at berth in Australia's Port of Fremantle on Friday, causing damage to both vessels.The 332-meter box ship Maersk Shekou was proceeding into the harbor under pilotage, assisted by four tugs when it struck the STS Leeuwin II, which was at berth.
Product and chemical tanker shipping company Ardmore Shipping Corporation on Monday announced that its current senior vice president and chief commercial officer Gernot Ruppelt will succeed company founder Anthony Gurnee as CEO.Gurnee will retire on September 16, 2024, at which point Ruppelt will step into the CEO position and current CFO Bart Kelleher will take on the additional role of
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana)
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.
Marine transportation and experiences company Hornblower Group announced it has appointed Mike Flaskey as its new chief executive officer.Flaskey will lead Hornblower through its next phase following the company's recent emergence from Chapter 11 bankruptcy under new ownership. He succeeds outgoing CEO Kevin Rabbitt.
A fleet of Jones Act compliant crew transfer vessels is growing in stride with the United States’ burgeoning offshore wind industry.When the United Sates’ first purpose-built crew transfer vessel (CTV), Atlantic Pioneer, was delivered in 2016, the country’s offshore wind industry was just getting off the ground.
Hornblower Group on Friday announced its financial restructuring plan has gained court approval, clearing way for the marine transportation and experiences company to emerge from Chapter 11 bankruptcy in the coming weeks.Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas