The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
Liquefied natural gas (LNG) shipping company Flex LNG has informed its chief executive officer (CEO) Øystein Kalleklev resigned from the role.Kalleklev joined Flex LNG in October 2017 and was appointed CEO the following year.Following Kelleklev’s resignation, the company’s board has appointed Marius Foss, chief commercial officer, as interim CEO.
Tidewater has appointed Chris Mack as the company's new Vice President of Marine Operations.Mack brings over two decades of industry experience to the Tidewater team.He earned his Bachelor's degree in Maritime Transportation from the California Maritime Academy and received his Master of Marine Transportation and Engineering Management from California State University Maritime Academy in 2023.
Fincantieri and Marc-Henry Cruise Holdings LTD, Joint Owner/Operator of Four Seasons Yachts, celebrated the launch of "Four Seasons I" at the Ancona shipyard, the first ultra-luxury ship under construction for Four Seasons Yachts, which will be delivered to end of this year and which will set sail in January 2026.
U.S. pipeline operator Energy Transfer said on Thursday its unit has entered a 20-year LNG sale and purchase agreement with oil and gas major Chevron.Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum (mtpa) of LNG to Chevron from the Lake Charles project in Louisiana.
Shaver Transportation (Portland, Oregon) reports that Peter Karneus, Vice President of Sales for the ship assist division, is retiring effective January 2025, succeeded by Bo McCall.Karneus is retiring after twenty-seven years during which he has been instrumental in ship assist sales, including building a new sales team, growing customer relationships
Schottel won an order to supply azimuthing thrusters for four new escort tugs for Seattle-based Saltchuk Marine, the beginning of the renewal of the Saltchuk fleet for operations on the US West Coast, Hawaii, and Alaska.To be built by Eastern Shipbuilding, the vessels are a RApport 2600 design by Canadian naval architect Robert Allan and will measure 25.6 x 12.8m with a 5.5-m draft.
Five people were rescued from a tug that lost steering in heavy seas off the coast of La Push, Wash., Friday afternoon.At 4:10 p.m., the 130-foot commercial tug Luther lost steering and was beset by weather while towing a concrete barge 10 miles off the coast of La Push and requested assistance from the U.S. Coast Guard. On scene weather conditions were 10- to 14-foot seas and winds of 45-knots.
Hurricane Milton closed in on Florida's Gulf Coast on Wednesday, spawning tornados and lashing the region with rain and wind hours ahead of its expected landfall near Tampa Bay, where it could deliver a life-threatening surge of seawater to communities along the waterfront.Millions of people along a stretch of more than 300 miles (483 km) of coastline were under evacuation orders
Eastern Shipbuilding Group (ESG) on Monday announced it has been awarded a contract to construct four new escort tugs for Saltchuk Marine's Foss Maritime. The vessels will be built at ESG’s Allanton and Port St. Joe facilities, in Florida, with delivery expected in 2026.The order marks the beginning of Saltchuk Marine’s long-term fleet renewal project
Seattle-headquartered Saltchuk on Monday announced it has entered into a definitive agreement to acquire Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla., in a deal worth $950 million.Privately-held Saltchuk—OSG’s largest shareholder—said the transaction assigns OSG an aggregate equity value of approximately $653 million.