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.
Erika Graziuso, Chief Information Officer, Crowley, brings a breadth and depth of non-maritime experience to bear in her quest to drive Crowley’s digital transformation in the name of decarbonization, holistic transportation efficiency and crew attraction and retention.Emulating best practices from industries outside of maritime has been a mantra in boardrooms and conferences for decades
Frank Manning has quickly risen through the ranks during his eight years in the shipyard business, today serving as president and COO at Diversified Marine, Inc. (DMI) in Portland, Ore. Crucial along the way has been a passion for the business itself and the people that make it all possible.“The first day I walked in a shipyard I knew that I was in the right industry,” Manning said.
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
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's promise to end an expanded Department of Energy review that has slowed new export permits.
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.
With clean energy projects maturing in U.S. waters, the nation’s offshore wind industry is poised to grow substantially, requiring a robust industrial base. A feedering model using domestic tugs and barges to transport turbines to offshore wind sites, is positioned at the heart of this emerging growth.
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
Vancouver, Wash. based leasing company Tug Construction, LLC announced it is partnering with energy giant BP in a new joint venture offering Jones Act qualified tugboats for bareboat charter. The newly formed entity, Ursa Major Marine Holdings, LLC has acquired a tugboat from Tug Construction and has placed an order for two additional tugs from Portland, Ore. shipbuilder Diversified Marine, Inc.
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.
Seattle-headquartered Saltchuk Holdings has renewed its bid to take over Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—OSG’s largest shareholder—had previously offered to acquire OSG in June 2021 but suspended those discussions several months later, citing pandemic-related market uncertainties.OSG, which operates U.S.