Ukrainian officials said Russia struck Ukrainian port infrastructure and grain storage facilities on Tuesday, but also reported some progress on the front lines in the three-month old counteroffensive by its forces.President Volodymyr Zelenskiy spoke of "good details" from the front without further explanation and said Ukraine clearly understood where to apply pressure to make it felt in Moscow.
Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port
Florida-based Eastern Shipbuilding Group announced on Tuesday it has received a notice to proceed after winning a contract to design and build a new hopper dredge for the U.S. Army Corps of Engineers (USACE).The 6,000-cubic-yard-capacity diesel-electric dredge will be constructed at Eastern’s Allanton and Port St. Joe facilities and is scheduled for delivery in 2027, the builder said.
New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.
Future Proof Shipping's inland container vessel FPS Waal has arrived at Holland Shipyards Group's yard in Werkendam, the Netherlands for the start of its conversion to enable operations on zero-emissions hydrogen power.Building upon the foundation laid by Future Proof Shipping's previously converted FPS Maas—now H2 Barge 1—all the vessel’s internal combustion engines will be removed and a new
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business, which generated more than 7 billion euros in revenue last year and employs 13,500 people.
Space tourism company Space Perspective is converting an offshore support vessel (OSV) to function as the world’s first "marine spaceport". The Florida-based company in November 2022 announced it had acquired the 292-foot-long vessel from Edison Chouest Offshore as the first in its planned global fleet of converted spaceport vessels to support the mobile launch of its balloon-driven passenger
A commercial fishing vessel that caught fire while moored in Tacoma, Wash. this weekend is now listing heavily to port as responders continue to battle the dayslong blaze.Fire broke out on board the factory trawler Kodiak Enterprise early Saturday morning, progressing throughout the ship while moored at Trident Seafoods in the Hylebos Waterway, according to the U.S. Coast Guard.
The world's top passenger port is installing a network shore power systems for cruise ships that, once completed, will be the largest of its kind globally.PowerCon said it has been tapped as a subcontractor to deliver five systems that will supply shore power for cruise ships at PortMiami's V (Virgin), F (Carnival), A (Royal Caribbean), B (Norwegian Cruise Line) and MSC Cruise Line terminals.
Eastern Shipbuilding Group, Inc. (ESG) on Thursday announced Joey D’Isernia has been appointed CEO and chairman of the board, succeeding company founder Brian D’Isernia, who is retiring after more than 46 years in the role.“We all stood on Brian’s shoulders as he built this company from the ground up.
Panama's vessel registry, the world's largest, has withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years, the country's maritime authority said this week, pushing back against claims by an anti-nuclear group.Shipments of Iranian crude hit all-time highs in the last two months of 2022 and had a strong start this year, according to flow tracking firms.
A Hong Kong registered tanker assisted in the rescue of two men adrift in a sailboat off the U.S. East Coast.On Sunday, watchstanders at the U.S. Coast Guard Fifth District command center were notified of an overdue sailing vessel, Atrevida II, which was sailing from Cape May, N.J. to Marathon, Fla.