Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver.
The Coast Guard announced immediate action on executive orders issued by the White House Tuesday.“The U.S. Coast Guard is the world’s premiere maritime law enforcement agency, vital to protecting America’s maritime borders, territorial integrity and sovereignty,” said Adm. Kevin Lunday, the Coast Guard’s acting commandant.
U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion.
Austal USA held a ceremony marking the official start of construction on the first U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC) to be built at its Mobile, Ala., shipyard. The vessel, named Pickering (WSMM 919), is the lead vessel in a series potentially comprising up to 11 cutters under a contract valued at $3.3 billion.
Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion.Noble will acquire Diamond in a stock plus cash transaction, whereby Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.
Spiking ocean shipping rates, vessel backups at seaports and empty container shortages - issues that wreaked havoc on global trade during the COVID pandemic supply-chain crisis - are back as the industry enters its busy season."There is a cocktail of uncertainty and disruption across global ocean freight supply chains," said Peter Sand, chief analyst at pricing platform Xeneta.
Approximately one month has passed since the Singaporean-flagged container vessel M/V Dali allided with the Francis Scott Key Bridge on March 26. The bridge, which connects Hawkins Point and Dundalk, Maryland, collapsed into the lower Patapsco River, bringing all maritime traffic in and out of the Port of Baltimore to a standstill.
The U.K. on Thursday said its Royal Navy had shot down a missile fired by the Iran-backed Houthis from Yemen targeting a merchant vessel in the Gulf of Aden."The UK continues to be at the forefront of the international response to the Iranian-backed Houthis’ dangerous attacks on commercial vessels, which have claimed the lives of international mariners
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana)
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.
The St. Marys River has reopened to vessel traffic after a U.S.-flagged Great Lakes freighter struck a channel light in the waterway.At approximately 1 a.m. on Thursday, the 730-foot bulk carrier American Mariner suffered a marine casualty and went bow-first into the Munuscong Junction Light, the U.S. Coast Guard said. The incident occurred in Munuscong Lake, which is a section of the St.
A portion of the St. Marys River has been closed to vessel traffic after a U.S.-flagged Great Lakes freighter struck a channel light in the waterway.At approximately 1 a.m., the 730-foot bulk carrier American Mariner suffered a marine casualty and struck the Munuscong Junction Light with its bow, the U.S. Coast Guard said. The incident occurred in Munuscong Lake, which is a section of the St.