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.
A cargo ship from Russia earlier detained in Germany on suspicion of breaching sanctions is now free to leave the port of Rostock, the Stralsund main customs office confirmed on Friday without providing any further details.The Atlantic Navigator II carried 251 containers of birch wood destined for the United States, which is subject to EU sanctions against Russia, but not to the US ones
Crowley Maritime Corporation has owned and operated a lot of vessels since its founding in 1892. But the latest vessel to join its fleet is unlike any other that has come before it.Crowley’s new harbor tug, eWolf, is unique in that it runs 100% powered by batteries, not diesel engines, meaning it produces zero emissions and nearly no noise.
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.
A cargo ship leaving Russia that made an unscheduled stop at the German port of Rostock is under investigation there for carrying cargo in possible breach of sanctions, German authorities said on Wednesday.The Atlantic Navigator II, managed by Canada-based CSAL and sailing under the Marshall Islands flag, has been detained by German customs.
A Global Centre for Maritime Decarbonisation (GCMD)-led consortium has conducted ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in Australia’s Pilbara region.Two transfers took place between the Green Pioneer, owned by Mitsui O.S.K. Lines (MOL), a 35,000 cubic meters (cbm) ammonia carrier, and the Navigator Global, owned by Navigator Gas, a 22,500 cbm ammonia carrier.
Classification society DNV and Navigation Brilliance (Brinav) have signed a memorandum of understanding (MoU) to collaborate in fast-tracking the development and approval of autonomous and remote-controlled shipping technologies.The signing of the MoU signifies a wider collaboration effort between DNV and Brinav and a strategic step towards realizing the potential of the autonomous technology
Avikus on Friday announced it is working toward gaining word-first DNV Type Approval for its innovative autonomous vessel systems.The South Korea-based marine technology company said it cemented its partnership with classification society DNV with an agreement signed this week at the SMM maritime trade fair in Hamburg, Germany.
Rear Admiral John Okon has been named as the next president of SUNY Maritime College, a public maritime college in the Bronx, New York City.Okon, a retired U.S. Navy officer with more than 33 years of naval service, will succeed Rear Admiral Dr. Michael A. Alfultis, who will retire on July 1 after 10 years at the helm. Okon will become SUNY Maritime's 12th campus president.
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.
Dongara Marine delivered a fast patrol boat to law enforcement personnel in Australia’s Northern Territory. Completed in March 2024, PV Deutrom was purpose designed, built, and equipped for police operations requiring very high speed and the ability to carry multiple personnel. Dongara Marine also supplied a custom
Seattle-headquartered Saltchuk Holdings has renewed its bid to take over Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—OSG’s largest shareholder—had previously offered to acquire OSG in June 2021 but suspended those discussions several months later, citing pandemic-related market uncertainties.OSG, which operates U.S.