The keel laying of the new research vessel, Thuwal II, for the King Abdullah University of Science and Technology (KAUST) at the Freire Shipyard marks the beginning of a new chapter in marine research in Saudi Arabia, driving innovation in this crucial field for the country. The contract for the newbuild was announced in August 2024.
With a diverse maritime and logistics operation supporting more than 8,000 careers on land and at sea, Saltchuk has a robust workforce development initiative across its brands. Mark Tabbutt, Chairman, Saltchuk, discusses a pair of specific recent investments in Puerto Rico, as well as workforce development as a corporate imperative.
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.
New MariOT testbed aims to strengthen shipboard cybersecurity, train next-gen maritime professionals, and foster global collaboration.Singapore has taken a major step toward fortifying the maritime industry's cyber defenses with the launch of the Maritime Testbed of Shipboard Operational Technology (MariOT), the world’s first industrial-grade cyber-physical training platform for shipboard systems.
Subsea Global Solutions, an underwater maintenance and repair services specialist, has named Eric Smith as Chief Commercial Officer (CCO).With a career spanning leadership roles in maritime operations, commercial management, and strategic business development, Smith brings a wealth of industry expertise to the Subsea Global Solutions team.
South Korea’s KT Marine has welcomed its new vessel, a Fast Ferry 4212 named Hamel, delivered by Dutch shipbuilder Damen.KT Marine placed its order for the vessel earlier this year. Hamel will transport up to 423 passengers at speeds of up to 40 knots.The vessel will operate a route between Yeosu Harbour and Geomundo Island.
Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday.The Maritime and Port Authority told CNA that the shipowner of Singapore-flagged Marine Honour - which was hit by Netherlands-flagged dredger Vox Maxima - is liable for costs incurred in containing and cleaning
The authorities in Singapore have started the next phase of an oil spill clean-up operation, caused by the allision of a dredger and a bunker vessel, with the additional deployment of various booms and oil recovery systems.The Maritime and Port Authority of Singapore (MPA) said that 1500 meters of booms have been deployed
Digitalizing processes makes shipping more flexible, efficient and eco-friendly. Artificial Intelligence (AI) is playing role of growing importance in these efforts. At the leading international maritime trade fair in Hamburg, the topic will be covered in depth at the AI CENTER, where innovative start-ups will showcase their solutions.
Seattle-headquartered Saltchuk on Monday announced it has entered into a definitive agreement to acquire Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla., in a deal worth $950 million.Privately-held Saltchuk—OSG’s largest shareholder—said the transaction assigns OSG an aggregate equity value of approximately $653 million.
U.S. shipping company Overseas Shipholding Group (OSG) has set out to design a new vessel that will transport liquified carbon dioxide (LCO2).In April, the Tampa, Fla.-based company was awarded a $3 million grant from the U.S. Department of Energy for engineering and design work in support of the project.