Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels
A 67-year-old tugboat converted to run on Amogy's cleaner-burning ammonia-to-power technology has set sail for the first time in upstate New York.The 105-foot tug, originally built in 1957 and recently renamed NH3 Kraken, is the first vessel globally fitted with the innovative, carbon-free power system, developed by Amogy to reduce emissions from hard to abate sectors such as maritime.
Marine conservationists and government scientists are seeking clues to the mystery of how a 44-foot whale carcass ended up on the bow of a cruise liner, where it was discovered as the ship approached New York City's Port of Brooklyn over the weekend.A necropsy, the animal equivalent of an autopsy, identified the deceased marine mammal as a mature female sei whale
The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate Matter (Med SOx ECA) under MARPOL Annex VI on May 1, 2025. The sulphur content in fuel oil for ships operating in the area is now limited to 0.1%, reducing air pollution and delivering benefits to both human health and the marine environment.
General Dynamics Electric Boat has been awarded a $1 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in a U.S. Department of Defense contract announcement.Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements
A Russian missile attack on Tuesday damaged a grain vessel in the Black Sea port of Odesa, killing four people, Ukrainian authorities said.A ballistic missile struck the MJ Pinar bulk carrier that was loading wheat for Algeria, killing four Syrian nationals and injuring one other Syrian and a Ukrainian, Ukraine's Deputy Prime Minister Oleksiy Kuleba said on Telegram.
Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT), are approximately $5 billion including the effect of expected future tax credits (ITCs).
Huntington Ingalls Industries on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and labor shortages, sending its shares down roughly 7% premarket.The company forecasts shipbuilding revenue, which is the focus of two of its three divisions, will likely be near the lower end of its previously projected range of $8.8 billion to $9.1 billion.
Amogy held a renaming ceremony for NH3 Kraken, a 57-year-old tug the company is converting to run on its cleaner-burning ammonia-to-power technology.The 105-foot-long tug, which is undergoing conversion work at Feeney Shipyard in Kingston, N.Y., is scheduled to make its maiden voyage on a tributary of the Hudson River later this summer.
The TWIN-PORT VI scheme, a four-year project representing a continuation of the long-term cooperation between ports of Tallinn and Helsinki, has received a funding commitment from the EU in the amount of $16. 8 million (€15.4 million).The TWIN-PORT VI project aims to reduce transport system emissions and to improve conditions for passenger and freight transport operations.
Canada is removing a trio of "problem" vessels that have been abandoned in Nova Scotia's Port of Bridgewater.The three vessels—Hannah Atlantic, Cape Rouge and Rupert Brand VI—all showing signs of disrepair, have been moored at a privately owned wharf on the LaHave River for a number of years, posing a threat to the marine environment.
Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub.The project will transform the SBMT into one of the largest dedicated offshore wind ports in the United States and support Empire Wind offshore wind project