Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S.
New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.
The desperate search for a missing submersible near the wreck of the Titanic entered a critical juncture on Thursday when air was expected to run out for the five people aboard, but officials vowed to continue scouring the remote North Atlantic.A remotely operated vehicle deployed from a Canadian vessel to the ocean floor discovered a "debris field" near the Titanic, the U.S.
Experts raised safety concerns in 2018 about the submersible vessel that has been missing since Sunday, when it descended with tourists on a deep ocean journey to view the wreckage of the Titanic.The pilot and four passengers are aboard and the available oxygen on the vehicle has been forecast to run out by Thursday morning.The Titan submersible is a 22-foot (6.
Rescuers searching for a missing submersible near the wreck of the Titanic on Wednesday concentrated their efforts on a remote area of the North Atlantic where a series of undersea noises have been detected, though officials cautioned the sounds may not have originated from the vessel.
Dave Lee recently joined Louisiana-based maritime leasing and financing company Maritime Partners as its new vice president of technology and innovation. A well-known figure in the U.S. maritime sector, Lee has previously held leadership positions at ABB, American Commercial Barge Line (ACBL) and Jeffboat.
TDI-Brooks increases its vessel capacity by adding a 75-meter DP2 vessel, R/V NAUTILUS to its fleet, a ship that can offer a variety of offshore assistance with subsea services, construction aid, exploration, production, ROV and diving support, and scientific marine research and survey mapping, along with military support.
Canadian safety officials on Friday opened an investigation into the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, raising questions about the unregulated nature of such expeditions.A debris field from the submersible Titan was found at the bottom of the North Atlantic on Thursday by a robotic diving vehicle
The first fatal accident aboard a deep-sea tourist submersible is certain to raise calls for additional safety regulations, but industry experts say any new measures may be impossible to enforce given the international nature of the business.Moreover, they say the tragedy of the Titan submersible that imploded during its expedition to the wreckage of the Titanic was an outlier
Search teams detected underwater sounds while scanning the North Atlantic for a tourist submersible that vanished with five people aboard during a deep-sea voyage to the century-old wreck of the Titanic, the U.S. Coast Guard said early on Wednesday.The detection of the sounds by Canadian aircraft on Tuesday, day three of the search
In addition to wind, offshore wind demands human energy, individuals with knowledge and skills first to build and then operate and maintain the dozens of projects required to meet President Biden’s 2030 goal of 30 GW of offshore generation. In an October 2022 National Renewable Energy Laboratory report – “U.S.
The Sailors’ Snug Harbor (SSH) is a charity based out of New York that provides assistance to retired merchant mariners. In 2022, SSH helped more than 400 mariners in 33 states and Puerto Rico. SSH helps mariners live more comfortably by assisting them with their living expenses such as rent, mortgages, and utilities. SSH also helps them find other assistance and local services.