Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.
A shortage of U.S. mariners presents a major threat to the United States’ national and economic security, and the problem is growing day by day.According to a 2017 study prepared by the Maritime Workforce Working Group and released by the U.S. Maritime Administration (MARAD), the estimated pool of U.S. mariners actively sailing with unlimited tonnage credentials was comprised of 11,768 mariners.
HII’s Ingalls Shipbuilding division has awarded $95,600 in STEM grants to 22 local schools and educational organizations.The aim is to foster innovation and critical thinking among youth. The grants will support a variety of hands-on projects, classroom technology enhancements and STEM-focused curriculums.
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.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to Jan. 24.
Cadets Anna LaDue and Odegaard Fields from Maine Maritime Academy have been awarded the Thomas B. Crowley Sr. Memorial Scholarship. These students were selected based on their performance during the cadet training periods aboard Crowley-operated or -managed ships and their intent to pursue maritime careers.
MPT announced the addition of Dr. Crystal Allen Craft as Vice Principal of Academic Affairs. Dr. Craft brings extensive maritime, engineering, and leadership history to this role, contributing to MPT’s position as the U.S.’s largest private maritime training school.Dr. Craft began her professional career at New York Maritime College (SUNY)
California State University Maritime Academy (Cal Maritime) deck cadets Jake Jacobsen and Jan Johnson have been awarded Crowley’s Thomas B. Crowley Sr. Memorial Scholarships.The scholarship recognizes the cadets' success and their dedication to a career in the maritime industry.Jacobsen, entering his final year at Cal Maritime
As the new SIRE 2.0 inspection regime prepares for its official launch in the third quarter of 2024, the tanker industry is bracing for significant change. The updated digitized program is expected to increase the number of inspection findings, even for companies with historically strong performance, according to Fabian Fussek
Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies.Africa is a continent of more than 1.