Mavrik Marine, Inc. was selected to build high-speed passenger ferries for the Golden Gate Bridge Highway & Transportation District. Mavrik will construct catamaran passenger ferries as part of the District’s eight vessel Lima Class Ferry Replacement Program to provide transportation services in San Francisco Bay.
Kraken Robotics Inc. announced the passing of founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year tenure, before retiring in December 2022.
Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi. The new $1.2 billion bank facility replaces an existing bank facility with an outstanding amount of $627 million as at Q3 2025.
In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election, with the ruling Labour Party needing the support of the Greens - who more than doubled the seats they hold to seven - to safeguard a two-seat
U.S. corn futures plunged to contract lows on Tuesday after the Department of Agriculture projected a record-shattering corn harvest this year as farmers planted more acres than expected and the crop faced few weather challenges this summer.Soybeans reversed earlier losses after the USDA, in a monthly crop supply and demand report, forecast a smaller-than-expected U.S.
Southern Energy S.A. (SESA), a company formed to enable LNG exports from Argentina, has reached final investment decision (FID) for the charter of 3.5MTPA MK II floating LNG (FLNG) from Golar LNG.The key commercial terms for the 20-year charter agreement include net charter hire to Golar of $400 million per year, plus a commodity linked tariff component of 25% of FOB prices in excess of $8/mmbtu.
Golar LNG Limited sold the 2003 built steam turbine LNG carrier, Golar Arctic for $24 million before transaction-related expenses, wit the transaction expected to close, and the vessel is to be handed over to its new owner within Q1 2025. Following the vessel sale, Golar will have fully exited its legacy shipping business.
Green Yard Kleven and the Brazilian shipowner Oceanica have signed a contract to convert the vessel Oceanicasub XVII from an Anchor Handling Tug Supply (AHTS) vessel to a ship capable of performing Remote Operated Vehicle (ROV) operations.Oceanicasub XVII will be equipped with mezzanine decks for ROV equipment, extended crew capacity, and areas for charterers.
House Committee on Oversight and Accountability has released an interim staff memorandum providing an update on the Committee’s ongoing investigation into the United States Coast Guard (USCG) following allegations of pervasive sexual assault and misconduct.The memorandum details how the USCG concealed “Operation Fouled Anchor” from Congress
All American Marine (AAM) has been contracted to design and build a 108’ x 32.5’ hybrid passenger vessel for Harbor Breeze Cruises that will operate in and around the Los Angeles/Long Beach port complex.The vessel will be designed with twin MAN D2862 EPA Tier 4 engines, supplied by Northern Lights, and including an SCR system and a diesel particulate filter.
Corvus Energy has been selected as the supplier of Energy Storage Systems (ESS) for Statue City Cruises’ ferries servicing the iconic Statue of Liberty and Ellis Island routes in New York Harbor.Corvus Energy ESS will be integrated aboard Statue City Cruises’ current fleet of nine ferries and will reduce fuel consumption and emissions along the New York/New Jersey waterfront.
U.S. corn futures climbed to a two-week high on Friday on technical buying and support from strong U.S. export sales, putting the market on pace for its strongest weekly advance in a month.Soybeans followed corn higher, although forecasts for a record-breaking Brazilian harvest limited gains, while wheat futures were mixed.