Reston, Va.-based Leidos said it has entered into a definitive agreement to acquire esteemed naval architecture and marine engineering firm Gibbs & Cox for $380 million in cash, as the defense, engineering and IT conglomerate looks to bolster its expertise as it competes for U.S. Navy unmanned systems contracts.
Long-serving Hamburg Süd executive Poul Hestbaek will take the CEO reins from Dr. Arnt Vespermann, who will step down after more than 20 years at the German container shipping company.Hestbaek has been with Hamburg Süd since 2004 and is currently the company's CCO. The 59-year-old shipping-industry veteran has previously been responsible for the liner shipping company’s commercial business on
Robert Allan founded Robert Allan Ltd. in 1930 when Allan commenced private practice as a consulting Naval Architect after serving as Technical Manager of a local major shipyard. In the 90 years that have passed, the organization has evolved from a one-man shop to a global powerhouse in the business of naval architecture and marine design.
Hit by cabin fever, hundreds of Singapore residents itching to get out of the tiny country boarded a “cruise to nowhere” on Friday, a rare chance to sail the seas after the coronavirus pandemic shut down much of the cruise industry.Before starting their short “seacation” on the 335-meter World Dream, passengers underwent coronavirus swab tests before boarding the vessel
Oil tanker company Frontline said Wednesday its CEO Robert Hvide Macleod had decided step down from his position. The oil and gas shipping firm said its board had appointed Lars H. Barstad, Frontline's commercial director, to take the role as interim chief executive officer of Frontline Management AS.
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
Huntington Ingalls Industries (HII) is building a new hub for unmanned systems prototyping, production and testing to meet growing demand from the U.S. Navy for autonomous and uncrewed systems.The purpose-built Unmanned Systems Center of Excellence will include two buildings totaling over 150,000 square feet constructed on a 20-acre campus in Hampton, Va., the U.S.
Robert Allan Ltd. is a consulting naval architectural firm, established in Vancouver, Canada in 1930. Mike Fitzpatrick has been a driving force in the company’s growth since joining the firm in 2003. As a key member of the initial employee ownership group, he was named president and CEO in 2015, responsible for corporate direction, business development, management of senior project managers
Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio said it expects to sign a $265-$290 million shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) in the fourth
ST Engineering North America, Inc. announced Monday that Robert "Bob" L. Merchent has been named President and CEO of VT Halter Marine, Inc. He replaces outgoing President and CEO, Ron Baczkowski.Much of Merchent's career was spent at Ingalls Shipbuilding, where he advanced through multiple positions of ever-increasing responsibility, leading programs critical to both the business and the U.S.
An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said.Petronas has been conducting exploration activities near an area claimed by Malaysia and Vietnam as well as by China since late last year.
The United States called on China on Saturday to stop "bullying behavior" in the South China Sea and said it was concerned by reports of Beijing's "provocative actions" aimed at offshore oil and gas developments in the disputed waters.Three regional security sources told Reuters on Friday that a Chinese government survey ship was tagging an exploration vessel operated by Malaysia's state oil