A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer.
Washington State Ferries announced it has canceled the sale of two retired vessels after the buyer failed to meet its contractual obligations and left a tugboat crew abandoned in Puget Sound.Sold in August for $100,000 apiece, the decommissioned WSF ferries Elwha and Klahowya had been sold to Nelson Armas, who has gained approval from the U.S.
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
Deliveries will begin in 2028 if all goes well. Delays and escalating costs have bedeviled the procurement process up until now.Washington State Ferries on Thursday published an invitation to bid on building five new hybrid-electric ferries, an overdue achievement that promises to eventually bring more reliability to cross-Sound ferry service.
In a stride for the Canadian clean energy transition, two leaders in British Columbia’s ocean innovation sector have announced a joint initiative that forges brand new pathways for the development and commercialization of marine renewable energy and decarbonization technologies in British Columbia.
BRIX Marine launched a Bridge Cat 49 (4519- DCT), built for Bridgemans Services Group. The personnel transfer vessel, Bridge Cat 49 (BC49), accommodates up to 45 passengers plus three crew and is built to meet Transport Canada passenger vessel requirements for use in British Columbia, Canada.The BC49 is constructed with a 45-foot aluminum hull and an 18.5-ft.
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced that its Hunt Valve operation has been awarded purchase orders totaling $96 million to provide valves in support of the construction of 12 new Virginia-class and five Columbia-class submarines. This includes ship service ball valves and forged high-pressure system valves.
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.
BAE Systems won a contract by General Dynamics Electric Boat for deck module fabrication in support of U.S. Navy submarine programs. The contract between the companies will cover the production and shipment of structural steel components for both Columbia- and Virginia-class submarines from BAE Systems’ facility in Jacksonville, Florida.BAE Systems currently provides support to the U.S.
Austal USA has been awarded a $450 million contract by General Dynamics Electric Boat to expand production capacity at its Mobile, Ala. shipyard in support of the U.S. Navy submarine industrial base (SIB).In 2022, Austal USA and Electric Boat, supported by the U.S. Navy, formed a strategic partnership to expand the production capacity of the SIB.
Mark Rayha has been selected to become the next president of Electric Boat, the submarine builder's parent company General Dynamics announced on Thursday.Rayha, who serves as the yard's current senior vice president and chief operating officer, will succeed Kevin Graney, who will retire at the end of this year. Rayha's appointment becomes effective December 1.
Columbia Group and Crowley are teaming up to enhance their ship management solutions, leveraging their expertise across the maritime, logistics and energy sectors.The alliance will enable customers to better capitalize on the capabilities of both organizations for more efficient and greater scale of international management services, the companies said