The U.S. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.The Navy, which has been looking for ways to reduce costs and increase efficiency across its shipbuilding and repair programs
A 72-year-old Great Lakes freighter has anchored safely in Thunder Bay, Ontario following a flooding incident in Lake Superior.At around 7 a.m. on Saturday morning, the Canadian-registered Michipicoten reportedly struck an underwater object and began taking on water in U.S. waters about 35 miles south of Isle Royale, the U.S. Coast Guard said.
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Singapore-based shipbuilder Strategic Marine has secured an order for a next-generation crew transfer vessel (CTV) from OEG Renewables, part of the OEG Energy Group, destined to operate in Taiwan.The vessel, named Wey Feng, will be the fourth StratCat 27 that Strategic Marine is building for OEG Group.
Seventy-five years in business is no small feat, especially in an industry that is tougher than most: shipbuilding. Blount Boats is celebrating the impressive milestone this year.Established in 1949, the Warren, R.I. shipbuilder is led today by founder Luther H. Blount’s daughters: president and CFO Marcia Blount and executive vice president / human resources Julie Blount
Pangaea Logistics Solutions Ltd., announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash.The deal is expected to be completed by November 1, 2024. It will see Pangea own 100% of the equity in Nordic Bulk Partners
It was never going to be realistic to expect treated ballast water to have zero viable organisms on discharge.The G8 guidelines that define the type approval process for ballast water treatment systems were initially agreed at the IMO before any systems had actually been developed.
It was never going to be realistic to expect treated ballast water to have zero viable organisms on discharge.The G8 guidelines that define the type approval process for ballast water treatment systems were initially agreed at the IMO before any systems had actually been developed.
Power transmission technology company Twin Disc on Friday announced it has finalized its acquisition of Katsa Oy, a Finland-based, designer and manufacturer of gearboxes and power transmission components, completing a €21 million (approximately $23 million) all-cash deal that was first announced in March.“We are excited to welcome Katsa to the Twin Disc family of brands,” stated John H.
U.S. based power transmission equipment manufacturer Twin Disc announced it has entered into a definitive agreement to acquire Katsa, a Finnish-headquartered manufacturer of power transmission components and gearboxes for industrial and marine markets, in an all-cash transaction valued at €21 million (approximately $23 million).
China has granted visa-free entry for Danish citizens.The move was announced earlier this year when Danish Foreign Minister Lars Løkke Rasmussen met with his Chinese colleague Wang Yi during the UN General Assembly in New York.From November 8, 2024 to December 31, 2025, Danish passport holders can travel visa-free to China for up to 15 days for business trips, tourist visits
Clothing brand Tommy Hilfiger hosted a unique "nautical" event earlier this month, showcasing its upcoming spring collection on a decommissioned Staten Island Ferry vessel during New York Fashion Week.The fashion show marked the first event held aboard the retired ferry John F. Kennedy since it was acquired by celebrity comedians Pete Davidson and Colin Jost in 2022.