Maximus News

New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.3 million in gross cash proceeds from the sale.The transaction is expected to close on or before October 31, 2023, subject to certain closing conditions and AMSC shareholder approval.ATHC…

American Shipping Company (AMSC) has signed a deal with Project Merchant Acquisition LLC, a newly-formed company owned and controlled by a fund managed by Maritime Partners, for the sale of its subsidiary American Tanker Holding Company.Pål Lothe Magnussen, CEO of AMSC, said: “The management team at AMSC is pleased that a Maritime Partners managed fund, a leading Jones Act leasing company, is acquiring our Jones Act business. We believe this is the ideal new owner of this business for the next phase in the lifecycle of these assets.

Norwegian offshore vessel operator Solstad Offshore said Friday it had has received a Letter of Intent from an undisclosed subsea contractor for hire of the construction support vessel (CSV) Normand Maximus.The subsea contractor would hire the CSV for a period of a minimum of 490 days with the start-up in the first quarter of 2024.The commercial terms are confidential between the parties but are in line with present market terms for this vessel category, Solstad Offshore said.The subsea construction vessel Normand Maximus is the largest vessel in the Solstad fleet…

Norwegian offshore vessel operator Solstad Offshore  said Friday it had  secured letters of awards from multiple unnamed subsea contractorsfor the hire of the construction support vessel Normand Maximus for the execution of projects during 2023.The projects have a combined duration of at least 200 days, plus additional option periods.

American Shipping Company ASA (AMSC) has completed the acquisition and taken delivery of the Normand Maximus construction support vessel.The vessel has already started a long-term bareboat charter with a subsidiary of the Norwegian offshore vessel operator Solstad Offshore upon delivery."The Normand Maximus is a premier offshore construction vessel and one of  the most modern heavy duty subsea vessels. Solstad is a leading offshore services company with a large fleet of offshore vessels operating  globally.

American Shipping Company ASA (AMSC) has agreed to acquire the Normand Maximus construction support vessel from Maximus Limited, a company controlled by its secured lenders.In parallel with the transaction, AMSC will enter into a long-term bareboat agreement with a subsidiary of the Norwegian offshore services provider Solstad Offshore. Solstad Offshore has managed the vessel for years, and the deal with AMSC means it will continue to do so.The total purchase price for the vessel is about USD 157 million…

Norwegian offshore support vessel owner Solstad Offshore ASA has found work for three construction support vessels, apparently all in the renewables space.Normand Australis has secured a 150-day contract for “Walk to Work” services on an offshore wind project in Asia, starting in March 2022.Normand Cutter has won a 110-day charter for a cable project in Northern Europe with the start-up this month.Also, Normand Fortress has won a 180-day firm contract for “Walk to Work” services on an offshore wind project in Northern Europe. The contract will start in April 2023.

Norwegian offshore vessel operator Solstad Offshore has said Wednesday it had secured a contract for its Normand Maximus construction support vessel.The contract is with an unnamed "major energy company." The contract starts immediately, and the vessel will be busy under it for the main part of the first quarter of 2022.The Normand Maximus vessel was built in 2016 by Vard in Romania and Norway.Solstad Offshore, Saipem Settle Vessel Contract Termination Fee Dispute

America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced that Ashutosh Gokhale has been appointed vice president, business management and chief financial officer for its Technical Solutions division.Gokhale will replace Billy Jahn upon his retirement on July 9 and will be responsible for all financial management and business management functions in Technical Solutions. Gokhale will be located at HII’s offices in Fairfax, Va., and will report to Andy Green…

Hansa Heavy Lift  has transported a giant carousel together with eight reels, weighing a total of 3,508.7 metric tonnes, from Newcastle, United Kingdom to Lagos, Nigeria destined for the Egina Oil Field.The voyage took place on board the super heavy lift vessel HHL Lagos, which was mobilised in Rotterdam, the Netherlands, to prepare the vessel with additional deck strength for the extralarge carousel, which weighed over 2,200 metric tonnes including spooled product and had a diameter of over 25 metres.“Close connection between the Hansa Heavy Lift engineering, superintendents and the vessels crew allowed for a fast deck reinforcement through the installation of additional underdeck stiffeners and a spooling platform…

Bulk of attacks occurred off Nigeria. Armed attacks on ships in West African waters nearly doubled in 2016, with pirates increasingly focused on kidnapping their crew for ransom off Nigeria's coast, a report said on Tuesday. A recent spate of attacks off Somalia, meanwhile, may also indicate a resurgence of piracy in East Africa as a result of less vigilance, the Oceans Beyond Piracy (OBP) project said. OBP, a project of the privately funded One Earth Future Foundation that encourages cooperation across the international maritime community to tackle piracy, recorded 95 attacks in West Africa's Gulf of Guinea in 2016, up from 54 the previous year.

Two children, Fransisca Ehileme, age six, and her five-year-old brother, Francis, both children of an oil worker, were abducted by gunmen on their way to school around Rumuigbo junction in Port Harcourt, the Rivers State capital. Security sources informed the Nigerian Tribune in Port Harcourt that the father of the children, Mr. Maximus Ehileme, a production superintendent with Elf Petroleum, was taking them to school in his car at about 6:50 a.m. when the armed hoodlums blocked his car near Obi Wali Road junction by Rumu-Echieolu Street. A source from the State Security Service (SSS) told the Nigerian Tribune that no contact had been established with the kidnappers yet, but added that the SSS had already taken up the case and would be handling the negotiations for their release.

Security Administration (TSA) selected a team led by Lockheed Martin to provide services for the Transportation Worker Identification Credential (TWIC) Phase IV program under a task order-based contracting vehicle. deployment of biometric identification cards. TSA over the five-year contract period of performance. the Phase IV contract. will be charged a fee of $137.25. transportation workers. the rollout. IV applicants. of transportation workers. system architecture support.