Philly Shipyard on Monday held a steel-cutting ceremony to signal the start of construction on the first of three new Aloha Class liquefied natural gas (LNG)-fueled containerships to be built for U.S. ocean carrier Matson. Matson placed the $1 billion three-ship order with Philly Shipyard in 2022 following the deliveries of Aloha-class vessels Daniel K.
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.
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.
U.S. ocean carrier Matson is doing its part to limit whale strikes, including rerouting vessels to avoid protected areas and helping to develop cutting-edge technology that detects whales and alerts crew members of their presence.In August of last year, Matson made route adjustments to its weekly triangulating Oakland-Long Beach-Honolulu voyage to minimize the time our vessels spend inside whale
Hurricane Beryl barreled toward Jamaica as a powerful Category 4 storm on Tuesday after battering smaller islands in the eastern Caribbean, and scientists cited human-caused climate change as the likely culprit for the storm's rapid strengthening.The unusually early hurricane felled power lines and unleashed flash floods. It has so far claimed at least three lives.
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.
Compliance, performance, profitability, sustainability; take the biggest ‘pain points’ for almost any shipping company and watch NAVTOR’s digital ecosystem work wonders. Here Tor Svanes, Founder and CEO, explains how NAVTOR has grown to lead the smart shipping world, why the recent merger with Voyager Worldwide was so critical, and how he hopes to help steer the industry towards brighter, simpler
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.
American Cruise Lines has confirmed orders for three more newbuilds, extending its number of ships on order to seven.Scheduled delivery before the end of 2026, the new ships from Chesapeake Shipbuilding in Salisbury, Md. include six Project Blue series ships and a brand-new American Riverboat.“The domestic cruise industry is the healthiest it has ever been.
Police from two countries in the eastern Caribbean are investigating the possible murder of two people believed to be U.S. citizens who owned a catamaran that was hijacked by three fugitives in the waters off the island of Grenada.The yacht's alleged owners, Kathy Brandel and Ralph Hendry, were last seen Sunday night, when three men escaped from the custody of Grenadian authorities. Police in St.
American Glory, the second Coastal Cat in American Cruise Lines’ new series of 100-passenger ships, was christened in Key West, Fla. on Sunday. The ceremony took place at Mallory Square where the ship docks when visiting Key West along the company’s newest U.S. itinerary—Florida Gulf Coast & Keys cruises, operating roundtrip from St. Petersburg.Charles B.