Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.MMA shareholders will receive A$2.
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
For Lee Mi-kyung, whose son was one of the 250 children who died in South Korea's Sewol ferry disaster 10 years ago, coping with the grief and anger has been incredibly hard. She works through her pain on stage."I will no longer hide in darkness, nor be defeated by sorrow, nor cry in despair," Lee, 58
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
Taiwan dispatched coast guard boats on Thursday to join a rescue mission at China's request after a fishing vessel capsized near the Taiwan-controlled Kinmen islands, amid heightened tension in the sensitive Taiwan Strait.China claims democratically-governed Taiwan as its own territory, over the island's strong objections, and has stepped up military activities near it in recent years
Five people were killed after a barge collided with a bridge over a waterway in China's Pearl River Delta near Guangzhou city, causing part of the bridge to break off, plunging vehicles into the water, Chinese state media reported on Thursday.The barge was travelling from Foshan city to a southern district of Guangzhou when it crashed into the bridge at 5:30 a.m.
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now
The Philippines on Monday accused Chinese coastguard vessels of "intentionally" colliding with its vessels on a resupply mission in a disputed part of the South China Sea, as ties deteriorated between the Southeast Asian U.S. ally and Beijing.Both sides traded accusations after the latest incident on Sunday, which was the most serious yet in the waters around the disputed Second Thomas shoal
Hornblower Energy LLC, in partnership with the Port of San Franciso, the U.S. Department of Energy and six corporate partners, including Air Liquide and Glosten, is leading a project to demonstrate the feasibility and viability of using hydrogen (H2) as a maritime fuel.The project is located at Pier 68 in San Francisco. DOE selected the project for funding in 2020.
American Bureau of Shipping (ABS) has issued an approval in principle (AiP) for a 50K DWT ammonia-powered tanker design from HD Hyundai Mipo.The vessel will feature an ammonia engine designed by WinGD and manufactured by HD Hyundai Heavy Industries – Engine & Machinery Division (HHI-EMD).
The developer of an innovative towboat engineered to run on hydrogen generator technology has signed a Design Basis Agreement (DBA) with the U.S. Coast Guard, helping to clear the regulatory path toward the vessel's eventual entry into service.The first-of-its-kind vessel, Hydrogen One, is being produced by Maritime Partners, the Metairie, La.
Dave Lee recently joined Louisiana-based maritime leasing and financing company Maritime Partners as its new vice president of technology and innovation. A well-known figure in the U.S. maritime sector, Lee has previously held leadership positions at ABB, American Commercial Barge Line (ACBL) and Jeffboat.