The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
The U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019. The bill may be presented in the House under “suspension of the rules.”“We strongly support the Full Utilization of the Harbor Maintenance Trust Fund for intended purpose,” said William P.
Birdon America Inc. has been awarded a $190 Million dollar contract to perform a Service Life Extension Program (SLEP) for the U.S. Coast Guard’s (USCG) fleet of 47 foot Motor Lifeboats (MLB).The contract is a firm-fixed price (FFP), indefinite delivery, indefinite quantity (IDIQ) for the design, development, testing
The Great Lakes-St. Lawrence shipping industry is calling for at least five new icebreakers to be part of the federal government’s recent announcement of $15.7 billion for Canadian Coast Guard fleet renewal.Chamber of Marine Commerce President Bruce Burrows will be in attendance as the Coast Guard dedicates the Captain Molly Kool into service at its home port of St.
Namibia marine diamond mining company, Debmarine Namibia announced that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel.The new vessel is expected to cost US$468 million and represents the largest ever single investment in the marine diamond industry
KVH Industries, Inc., (Nasdaq: KVHI) sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments. The Videotel group of companies includes Super Dragon Ltd., Videotel Marine International Ltd., Videotel Training Services Ltd.
Algoma Tankers, an operating unit of Algoma Central Corporation, announced that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in Amsterdam, Netherlands and the vessel has begun her delivery voyage to Canada.The provider of marine transportation services said in a press release that the vessel departed Amsterdam on March 30
The British Columbia Government has joined Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine refueling – or bunkering – facility on the west coast of North America.The use of LNG to power the world’s ocean-going vessels is forecast to expand and B.C. is well positioned to benefit from this growth.
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce.
Australian-based Birdon Group, headquartered in Port Macquarie, has announced that its US subsidiary has been awarded two new contracts worth up to US$390m (AU$575m). In one contract, valued at up to USD 191m, Birdon America has been appointed to carry out an upgrade of the US Coast Guard (USCG) fleet of 47-foot Motor Lifeboat (MLB) vessels.
Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) has chosen the Navis stowage planning software StowMan for effectively stowing vessels in its container ship fleet.According to Navis, and the provider of on premise and cloud collaborative stowage planning solutions, OOCL currently operates a fleet of 100+ container vessels ranging between 21
Oakley Capital Investments Ltd has acquired majority stakes in two maritime e-learning providers from Norwegian private equity firm Herkules Private Equity Fund IV and US satellite company KVH Industries.Oakley, the private equity investment company contributed GBP25 million, through its Oakley Capital IV fund to buy the stakes in SG MidCo AS, also known as Seagull