Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
ABS awarded approval in principle (AiP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.The development of the barge design is a core component of the Tampa Regional Intermodal Carbon Hub (T-RICH) project to receive
Nearly 500 maritime and transportation industry leaders gathered on the evening of Wednesday, May 20, at The Lighthouse at Chelsea Piers for the sold-out 32nd International Maritime Hall of Fame Awards dinner hosted by the Maritime Association of the Port of New York and New Jersey (MAPONY/NJ).
Conrad Industries, Inc. announced its 2025 results and backlog.For the quarter ended December 31, 2025, Conrad had net income of $4.7 million and earnings per diluted share of $0.94 compared to net loss of $14,000 and earnings per diluted share of $0.00 during the fourth quarter of 2024. The Company reported net income of $19.9 million and income per diluted share of $3.
Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an annual award that will support exceptional postgraduate students developing solutions to reduce the marine industry’s environmental footprint.Made possible through a significant contribution from Thordon founder George A.
DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the highest-profile executives to face scrutiny and be removed from senior roles following the recent release of the Epstein files.
Ocean services provider DeepOcean has secured an extension to its existing frame agreement with Equinor for the provision of subsea inspection, maintenance, and repair (IMR) services.As a part of the renewal, DeepOcean will deploy specialized IMR vessels, along with comprehensive subsea services, throughout 2026 and into 2027.
The Towing Vessel Inspection Bureau (TVIB) announced that Rio Marine, Inc. has become the first maritime services provider to achieve certification under the American Waterways Operators’ (AWO) Responsible Carrier Program (RCP).The RCP is a safety management system for the tugboat, towboat, and barge industry that sets standards for safety, environmental stewardship, and continuous improvement.
Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.DeepOcean’s scope of work entails SIMOPRO installation work on both the Åsgård and Visund fields. The company will undertake onshore project management, engineering and procurement services as well as offshore operations.
Representatives from American Bureau of Shipping (ABS), University of Michigan, Singapore Institute of Technology (SIT) and Sea Forrest Technologies have signed a memorandum of understanding to explore batteries and electrification in maritime applications.The agreement establishes a cooperative framework for the organizations to collaborate on academic and scientific projects related to battery
Wallenius Marine and KNUD E. HANSEN have launched a new RoRo (roll on/roll off) design at Donsö Shipping Meet.The new concept builds on the Sleipner PCTC concept and on operational data from the Sleipner vessels Future Way and Way Forward. The new RoRo design, which includes an engine room in the bow, creates a large cargo capacity of 2,720 lane meters, equivalent to 181 trailers.
Fincantieri Marine Group (FMG), the U.S. subsidiary of Fincantieri, has appointed George A. Moutafis as Chief Executive Officer (CEO).The leadership transition of the U.S. company of the group led by CEO and General Manager Pierroberto Folgiero comes at a pivotal moment for the U.S. shipbuilding industry, as the new U.S.