South Korea's Hanwha Group has agreed to acquire U.S. shipbuilder Philly Shipyard in a $100 million cash deal, the companies announced on Thursday.Under the deal, which is expected to close in Q4 2024, Hanwha Systems and Hanwha Ocean will purchase purchase of Philly Shipyard, Inc., the sole operating subsidy of Aker-owned Philly Shipyard ASA, based in Oslo.
Eastern Shipbuilding Group (ESG) on Friday held a launch and christening ceremony for the ferry Long Island at its Allanton Shipyard in Panama City, Fla.Scheduled to be delivered later this year, the new Subchapter H passenger and auto ferry is being built for Bridgeport & Port Jefferson Steamboat Company, a subsidiary of McAllister Towing, for operations between Bridgeport, Conn.
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.
A U.S. registered laker ran aground in the St. Clair River near Marine City, Mich. on Tuesday, the U.S. Coast Guard said.The Coast Guard said it was notified at 7:21 a.m. that the 617-foot-long vessel American Courage grounded with a cargo of 20,000 tons of stone on board. No injuries or pollution have been reported.
A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit in New Delhi and dubbed a Western rival to China’s Belt and Road, had much to prove anyway.
The U.S. Coast Guard medevaced a 50-year-old man from a deepwater construction vessel approximately 35 miles south of Grand Isle, Louisiana, Monday.Coast Guard Sector New Orleans watchstanders received a call at approximately 4:58 a.m. from the operating manager of the vessel requesting assistance to medevac a passenger experiencing chest pain.
How to avoid and address potential prosecution following marine-incident deaths.In recent years, there has been a resurgence in criminal prosecutions of maritime personnel, vessel owners and operators and other individuals and corporations under the federal Seaman’s Manslaughter statute (18 U.S.C. § 1115).
Philly Shipyard has laid the keel for Great Lakes Dredge & Dock Corporation's subsea rock installation vessel, Acadia—the first Jones Act compliant rock placement vessel for the U.S. offshore wind industry.A May 2 keel-laying ceremony saw the vessel's first grand block loaded into the building dock, marking a significant milestone in the shipbuilding process.
In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers, for two days of dynamic discourse and collaboration.
Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years.
A U.S. registered bulk carrier has reportedly spilled diesel in Lake Michigan, approximately 1.5 nautical miles offshore of Manistee, Mich., the U.S. Coast Guard said.At approximately 2:50 p.m. on Wednesday, the 630-foot self-unloading bulk carrier Manitowoc reported a hull breach on its starboard diesel tank. The maximum spill potential is 45,174 gallons of diesel, the Coast Guard said.