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)
Faced with an aging fleet, the Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has turned to converted offshore support vessels (OSV) to breathe new life into its ferry operations.The operator announced its purchase of the OSVs HOS Shooting Star and HOS Lode Star from Hornbeck Offshore Services in 2022, to replace its open-deck freight vessels Gay Head and Katama
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)
The first of two incomplete ultra high-spec multipurpose support vessels (MPSV) has arrived at Eastern Shipbuilding Group's Port St. Joe Shipyard, where the builder will finish constructing the vessel for Hornbeck Offshore Services.Earlier this year, Eastern secured a contract to complete construction of the two 400 class MPSVs after Hornbeck terminated the original build contracts with Gulf
Founded as the Military Sea Transportation Service (MSTS) and renamed Military Sealift Command in 1970, MSC today not only support the Navy, but we are the Department of Defense's provider of all sealift. Maritime Reporter & Engineering News recently interviewed Rear Adm. Philip Sobeck, U.S. Navy, for insights on the service today and it’s needs to grow in the future.
Hornbeck Offshore said it has installed a dynamic positioning (DP) simulator that provides an interactive and immersive training experience for current and future mariners who serve in DP officer (DPO) roles.The Wärtsilä NaviTrainer Professional 6 Offshore Simulator (NT Pro 6) is designed to make training more efficient
Vessel prices are already down by about USD 20 – USD 25 / LDT, reports cash buyer GMS, as further decline is expected in the first half of July as previously forecast.Shipowners and cash buyers are now chasing down a declining market, and recyclers are facing exacerbating economic challenges.