The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
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
South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.
HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market.
KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.
Denmark released anti-whaling activist Paul Watson from detention on Tuesday and said it had rejected a Japanese request to extradite him over criminal charges dating back more than a decade.U.S.-Canadian Watson, 74, founder of the Sea Shepherd conservationist group and the Captain Paul Watson Foundation, was released in Greenland's capital Nuuk, police in the autonomous Danish territory said.
Port as primary gateway for Northern California region a key credit strength. Moody’s Investors Service, Inc. (Moody’s) has maintained the Port of Oakland's senior lien rating at A1 stable. The A1 stable senior bond rating reflects the Port’s strong liquidity, healthy debt service coverage ratio, manageable capital spending and significant long-term debt capacity.
Anti-whaling activist Paul Watson will remain in detention in Greenland while Denmark decides whether to extradite him to Japan, police in the autonomous Danish territory said on Wednesday.The 73-year-old U.S.-Canadian, founder of the Sea Shepherd conservationist group and the Captain Paul Watson Foundation, was taken into custody by police when his ship docked at the port of Nuuk on July 21.
Dr Katherine Clift has been appointed Australia’s new Inspector-General of Animal Welfare and Live Animal Exports for five years with her term commencing on September 30, 2024. The appointment comes after the federal government made a commitment to strengthen animal welfare assurance and increase accountability and transparency in livestock exports at the last election.
A U.S. amphibious assault ship has docked in Cyprus as part of a pre-arranged visit, but could be used to support civilians if hostilities flare in the Middle East, the U.S. ambassador to Cyprus said.EU member Cyprus has offered to assist, if needed, in the evacuation of Europeans and third-country nationals should tensions spill over in the Middle East amid a standoff between Israel
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.