Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
Cruise operator Royal Caribbean Group said on Tuesday it reached a deal to sell its Azamara brand to private-equity firm Sycamore Partners for $201 million in cash, as it grapples with biting impacts of the COVID-19 pandemic.Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet—Azamara Quest
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire.The deal, agreed more than four years after Britain voted narrowly to leave the bloc
While work on maritime autonomy has proceeded at speed globally, a pair of U.S. companies – Metal Shark and Sea Machines – have jumped to the fore in delivering solutions that have evolved from the research & development department to work on the waterways.When talk turns to “autonomy” in the maritime sector there are more questions than answers.
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
The U.S. Army Corps of Engineers (USACE) officially kicked off the project to deepen of the Mississippi River Ship Channel to 50 feet Friday, as Weeks Marine’s cutterhead dredge Captain Frank started dredging 5 miles above the Head of Passes.The USACE awarded this first contract for the Ship Channel deepening to Weeks Marine on September 3, 2020, and the Captain Frank started the deepening Friday.
A lawsuit has been filed in Nueces County, Texas on behalf of a worker who was injured and burned in an explosion and fire that occurred while he was working on the dredge Waymon L. Boyd in the Corpus Christi Ship Channel last month.The dredge worker, Jose Cantu, is among six crew members who were hospitalized after the dredge struck a gas pipeline, causing the vessel to catch fire and sink.
Autonomous vessel technology developer Sea Machines Robotics announced Wednesday it has closed a new $15 million financing round with significant participation by America's largest military shipbuilder Huntington Ingalls Industries (HII).The Boston-based tech company said it expects the investment and associated partnership with HII will accelerate the deployment of self-piloting technologies
ST Engineering North America, Inc. announced Monday that Robert "Bob" L. Merchent has been named President and CEO of VT Halter Marine, Inc. He replaces outgoing President and CEO, Ron Baczkowski.Much of Merchent's career was spent at Ingalls Shipbuilding, where he advanced through multiple positions of ever-increasing responsibility, leading programs critical to both the business and the U.S.
Ingalls Shipbuilding has reopened its rebuilt and modernized facility on the east bank of the Pascagoula River after much of the site was destroyed by Hurricane Katrina in 2005.The Pascagoula, Miss. shipbuilder announced Friday that it moved the newly built destroyer Delbert D. Black (DDG 119) to the east bank's Pier Four, signifying the site's official reactivation.
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119) to the U.S. Navy.Documents signed today mark the official transfer of custody of the ship from HII to the Navy. Delbert D. Black is scheduled to sail away from the Pascagoula, Miss. shipyard in August 2020.