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.
The first US-built trawler-processor for Alaskan pollock in over three decades is now undergoing sea trials in the Northern Pacific, testing an integrated technology package from Kongsberg Discovery tailored to locate, inspect, and engage fish with unparalleled efficiency.The 100-meter-long Arctic Fjord, designed by Kongsberg Maritime and built by Louisiana’s Thoma-Sea Marine Constructor
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S.
Caterpillar Marine announced plans to deploy its first set of field demonstrator methanol dual-fuel 3500E marine engines in 2026.Cat 3500E marine engines will utilize innovative dual-fuel technology that leverages proven diesel fuel systems and supports vessels’ low-pressure – below 10 bar – fuel systems.
On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of its Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. "We are happy to unveil the Vaneta Marie dredge.
Kimberly Lutz and America’s Watershed Initiative (AWI) are making every effort to sustain the Mississippi River for generations to come.The Mississippi River is one of the world’s largest river systems and is arguably America’s most critical waterway. Flowing over 2,350 miles, spanning, at points, up to eleven miles, and discharging approximately 593
For Cheryl “Cherrie” Felder, the path to the maritime industry was both untraditional and seemingly meant to be. After studying African art, she began her career working in a museum in New Orleans before landing a role directing professional rodeo in the Big Easy.“It was a lot of fun, and I learned a whole lot,” Felder said. “But as you may imagine, New Orleans is not a rodeo town.
John F. Kennedy’s famous locution, “Ask not what your country can do for you, but you can do for your country” remains the rallying call for civic action and public leadership. The message remains foundational to the success of the United States, particularly as we head into an election year that once again appears to be filled with divisiveness and vitriol.
How the Maximum Contingency of 2,200 MW Was Recast to a 1,200 MW CeilingAs policy makers and energy developers look to develop and interconnect large offshore wind projects in the most economically efficient and least environmentally impactful way, an issue has developed. A relatively recent limit, set in place by the grid operator in New England in a planning process document
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
Hornblower Group has announced that Liz Crisafi will join the company as the Senior Vice President of Marketing, effective November 1.Reporting to CEO Mike Flaskey, Crisafi will lead global marketing activities, overseeing brand, communications, revenue optimization, digital and data strategy across Hornblower’s portfolio of water- and land-based experiences.
Two U.S. Congressmen are urging the Federal Maritime Commission (FMC) to finalize the rule on demurrage and detention billing requirements required in their Ocean Shipping Reform Act that became law in 2022.The Ocean Shipping Reform Act was signed into law on June 16, 2022 and provides authority to the FMC to investigate ocean carriers’ business practices and apply enforcement measures following