Defense group Leonardo and Immsi's naval unit Intermarine have signed a contract worth up to 2.6 billion euros ($2.82 billion) to supply Italy's navy with five coastal minehunter ships, the companies said on Friday.The contract, which also includes logistics support, is worth 1.6 billion euros for the vessels and 1 billion euros in various other options.
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
In response to the escalating attacks on ships in the Red Sea, charity group Sailors' Society has initiated an urgent crisis appeal, shedding light on the severe human cost faced by seafarers caught in the conflict.Attacks by Yemen's Houthi militia on ships in the region since November have slowed trade between Asia and Europe
South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.
A crewmember reported missing from a Panamanian registered bulk carrier has been found safe on board following a dayslong search effort that involved multiple international agencies and commercial vessels.On June 25, the master of the 568-foot-long vessel Daiwan Glory issued a distress alert relayed via the Japanese Coast Guard early in the morning of June 25, 2024
HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market.
KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.
Marine towage provider Svitzer Europe announced it has appointed Sara Gerdner Kalle as its new Chief Commercial Officer, effective April 1, 2024. With a background spanning nearly 25 years in the logistics and supply chain industry, Gerdner Kalle will lead the Commercial function for Svitzer Europe, focusing on nurturing long-term stakeholder relationships, spearheading commercial development
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
NGO Shipbreaking Platform reports that on January 16 two workers lost their lives after being crushed by a heavy iron plate during the dismantling of bulk carrier Chatherine Bright at Dewan Shipbreaking PVT Ldt in Gadani, Pakistan.The vessel was linked to Oman-based Maritime International Transport & Trading and flagged Panama when it was beached, says the Platform.
The American Maritime Partnership (AMP) announced the election of new leadership for the organization. Jennifer Carpenter takes the helm as president, and, in doing so, becomes the first woman to lead the organization. She is joined by vice president Sara Fuentes and James “Jim” Weakley who will serve the dual role of secretary and treasurer.