ABS awarded approval in principle (AiP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.The development of the barge design is a core component of the Tampa Regional Intermodal Carbon Hub (T-RICH) project to receive
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.
Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years.
Tugboat and towboat owners across the nation eye fuel efficiency and emission reduction technologies and techniques in advance of increasingly stringent regulations.he first half of 2025 has seen a great deal of attention on emissions from vessels, with an eye towards their continued reductions in the coming years.
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.
Overseas Shipholding Group, Inc. (OSG) extended its adoption of GIT Coatings’ graphene-based propeller coating, XGIT-PROP, across seven additional crude oil tankers. Previously, OSG applied graphene-based propeller coating to one of its crude oil tanker vessels in October of 2023. The first application of XGIT-PROP on an OSG tanker has seen performance gains and fuel savings proven beyond
U.S. drybulk shipowner Genco Shipping & Trading Limited on Monday announced it has agreed to acquire a 2016-built 180,000 dwt Capesize vessel for a purchase price of $47.5 million.Genco said it expects to take delivery of the vessel, to be named the Genco Intrepid, from an undisclosed seller within the next 30 days.
Maritime Professional Training (MPT), the largest private maritime training school in the U.S., announced it has appointed John F. Flanagan as the school’s Academic Principal, an expansive role that includes overseeing the overall academic management at MPT, including regulatory compliance, curriculum development, faculty training, and strategic planning.
With its two latest vessel deliveries, WINDEA CTV has completed its inaugural fleet of Jones Act qualified crew transfer vessels (CTV) to service the growing U.S. offshore wind industry.The four brand-new Incat Crowther-designed hybrid-ready CTVs—including the previously delivered WINDEA Courageous and Intrepid