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Aerospace News

14 Mar 2024

Seapath Launches Jones Act Leasing Business

(Photo: The Libra Group)

Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, “Domestic maritime transportation is the backbone of the U.S. transportation system. By launching our new Jones Act leasing business, Seapath…

06 Feb 2024

Marine Towing of Tampa Acquires Seabulk Towing Assets from Bisso

(Photo: Marine Towing of Tampa)

Marine Towing of Tampa announced it is expanding its ship assist services to Florida's east coast following a deal with E.N. Bisso & Son to acquire towing assets formerly owned by SEACOR Holdings' Seabulk arm.In September 2023, SEACOR divested its U.S. harbor towing operations, selling to Bisso 12 tugs across ports in Florida and Alabama.Under a recently executed asset purchase agreement with Bisso, Marine Towing of Tampa acquired the Port Canaveral operations and assets from the SEACOR-Bisso deal and will operate them in Canaveral under a newly formed affiliate…

07 Nov 2023

RINA Appoints Carlo Luzzatto as Next CEO

Carlo Luzzatto courtesy of RINA

Carlo Luzzatto has been appointed as the future CEO and General Director of classification society RINA.The appointment is set to be formalized by the end of 2023, coinciding with Fondo Italiano d'Investimento's acquisition of a minority stake up to 33% in RINA S.p.A. This transition aligns with the joint growth objectives established with Fondo Italiano d'Investimento, reinforcing the Group's intention to make its stock market debut within the next 3-5 years.Ugo Salerno will continue to play an integral role in the running of the company…

24 Oct 2023

Schneider Named Engineering Director at Bollinger Mississippi Shipyard

Nathan Schneider (Photo: Bollinger Shipyards)

Bollinger Shipyards announced it has hired Nathan Schneider as Director of Engineering for its Bollinger Mississippi Shipyard (BMS). As Director of Engineering, Schneider will be responsible for leading the BMS Engineering Department in support of various Department of Defense and commercial new construction programs.“As we continue to grow and expand to meet the changing needs of our customers, it’s important that the leadership team and broader organization evolve to meet those demands and provide the highest levels of quality…

18 Oct 2023

Hanwha Ocean Eyes Submarine Exports to Canada, Philippines, Poland - official

Credit: show999/AdobeStock

South Korea's Hanwha Ocean has pitched offers to build submarines to Canada, the Philippines, and Poland, a company official said on Wednesday, as the country pushes to become one of the world's top four defense exporters.Canada is studying potential builders for new submarines and has expressed interest in Hanwha Ocean among other foreign rivals, Kim Seung-min, leader of Hanwha Ocean's naval and special ship overseas marketing team, told Reuters in an interview, without naming the competitors."We are now checking on our shoelaces at the start line before the race kicks off…

10 Oct 2023

Sprintex Delivers Compressors for Billion Dollar Project

Source: Sprintex

Australian company Sprintex has supplied a critical component to the US$15 billion EU Sustainable Hydrogen-Powered Shipping Project (sHYpS), involving 13 partner companies in six countries, which will convert six cruise ships to be powered by hydrogen fuel cells.Each vessel will be equipped with around 100MW of electrical power, derived from modular hydrogen fuel cells. Sprintex has delivered high-speed electric compressors which are essential for the overall efficiency and performance of the fuel cell systems…

31 Aug 2023

NPS Research on Coast Guard Icebreaker to Enhance Arctic Readiness

During a seven-week Arctic transit aboard the U.S. Coast Guard icebreaker USCGC Healy (WAGB 20), Dr. Nita Shattuck from the Naval Postgraduate School (NPS) will study the impact of the extreme environment on crew performance and potential mitigations. Additional research includes assessment of an Amos01 3D printer installed by David Dausen from NPS’ Consortium for Advanced Manufacturing Research and Education (CAMRE), and specially instrumented to measure the impact of adverse Arctic sea conditi

During a seven-week Arctic transit aboard the U.S. Coast Guard icebreaker USCGC Healy (WAGB 20), researchers from the Naval Postgraduate School (NPS) will study the impact of the extreme environment on crew performance and potential mitigations, as well as advanced Additive Manufacturing (AM) technologies in adverse sea conditions.The studies, which commenced with Healy’s departure from Kodiak, Alaska on Aug. 26, will be led by principal investigator Dr. Nita Shattuck, a professor in the NPS Operations Research (OR) department.

21 Aug 2023

David Clark Company: An American Success Story

David Clark digital and wireless communication systems provide clear boat crew communications on patrol, offshore and fire/rescue craft. (Photo: David Clark Company)

David Clark Company is best known within the marine market for its wireless and digital headset workboat crew communication systems – the Series 9900 Wireless Marine Headset System and the Series 9100 Digital Marine Headset System. The company has over 20 years of experience designing and manufacturing boat crew communication solutions for a variety of workboats, e.g., patrol boats, fire/rescue craft, and offshore service vessels.But you may not know that David Clark Company started…

03 Jul 2023

Torvald Klaveness and Marubeni Expand Partnership

(left to right): Petter Markussen (Head of Performance, Risk and Finance), Gøran Andreasen (Chief Strategic Investment Officer), Michael Jørgensen (Head of Dry Bulk), Ernst Meyer (President and CEO), Toru Okazaki (Chief Operating Officer, Aerospace & Ship Division) Yuta Saka (General Manager Business Development, Ship Dept.), Masashi Kobayashi (Business Investment - Ship Dept.

After three successful years as joint partners of Baumarine by MaruKlav, the world's largest Panamax Pool, Marubeni will take a 25% stake of Klaveness Dry Bulk.The deal includes the operating arm Klaveness Chartering, the Baumarine Pool and Market Manager, a recently commercialized digital freight offering."The Torvald Klaveness group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleet, but also for Panamax owners in Baumarine by MaruKlav as a whole,” said Toru Okazaki, Chief Operating Officer, Aerospace & Ship Division of Marubeni Corporation.

12 Jun 2023

Recognizing and Meeting the Challenges of Autonomous Vessels

Recognizing and Meeting the Challenges of Autonomous Vessels

Uncrewed surface vessels (USVs), automated vessels, maritime autonomous surface ships (MASS), remote controlled vessels, and the employment of artificial intelligence and smart marine technology to navigate and operate civilian and military vessels have created a lively debate over utilizing and regulating such technology. Recent articles addressing artificial intelligence (AI) have questioned the value of experience and intuition versus computed logic based upon data and logarithmic differentiations.

24 May 2023

Hanwha Completes Purchase of DSME

Hanwha Group Chairman Seung Youn Kim

The Hanwha Group has completed its take over of Daewoo Shipbuilding & Marine Engineering (DSME), renaming it Hanwha Ocean.Hanwha Vice Chairman Kwon Hyuk-woong has been appointed as CEO of the shipyard.The Korea Times reports that DSME suffered a 1.6 trillion won operating loss last year and 1.7 trillion won the year before. During the first three months of this year, it suffered 62.8 billion won in operating losses.Hanwha has already established a network of businesses that address renewable energy.

17 May 2023

Americraft Marine Group Names Hugel CFO

Eric C. Hugel (Photo: Libra Group)

Americraft Marine Group, a U.S.-based maritime subsidiary of the Libra Group, announced it has named Eric C. Hugel, CFA, CPA as its new chief financial officer (CFO).A seasoned financial business professional with over 30 years of leadership experience in public and private sectors, Hugel was most recently co-CEO and CFO of Hugel Corporation, a privately-owned family business. Hugel has also served on the board of directors of IEH Corporation (IEHC), a publicly traded aerospace and defense supplier, since 2016 and served as the chairman of IEH’s audit committee since 2019.

10 Apr 2023

Turkey Launches Its First Amphibious Assault Ship

(Photo: Turkish Naval Forces)

Turkey launched its first amphibious assault ship on Monday, aiming to extend its drone capabilities from land-based to naval operations amid increased regional tensions as war rages in Ukraine on the other side of the Black Sea.The TCG Anadolu can handle only light aircraft, chiefly helicopters and jets that can take off from shorter runways. It is 232 meters long and 32 meters wide, and can carry some 1,400 personnel - one battalion of soldiers - combat vehicles and support…

07 Mar 2023

Debunking Four Myths that Stand in the Way of Wind-powered Cargo Ships

(Image: Oceanbird)

Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European Space Agency’s Ariane 6 rocket this year.I researched the decarbonisation of the shipping industry.

08 Feb 2023

VIDEO: Patrick Ryan Named CTO at ABS

ABS appointed Patrick Ryan as Chief Technology Officer. Image courtesy ABS

As Patrick Ryan assumes the top tech exec spot at ABS, Maritime Reporter TV interviewed him on the eve of the announcement. While shipowners face multiple technology challenges ahead, Ryan said a top priority is the bridging of technology from the fundamental phase into operational solutions. ABS appointed Patrick Ryan as Chief Technology Officer to support continued development of ABS as a maritime technology leader.Having served as Senior Vice President, Global Engineering and Technology since 2019…

30 Jan 2023

HII Names Chewning EVP Strategy & Development

Eric Chewning (Photo: HII)

Eric Chewning, former chief of staff to the U.S. Secretary of Defense and deputy assistant secretary for industrial policy, is joining HII as executive vice president, Strategy & Development, reporting directly to HII President and CEO Chris Kastner. Chewning assumes the role on Jan. 30.Chewning joins HII as it grows its customer set across the armed forces and executes on its significant shipbuilding backlog for its primary customer, the U.S. Navy. HII is the nation’s only builder of aircraft carriers and its largest military shipbuilder…

16 Dec 2022

South Korea: Hanwha Group Inks Deal to Take Over Daewoo Shipbuilding

DSME yard - Credit: IikaJzuchiN/Wikimedia Commons/CC BY-SA 4.0

South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group, including Hanwha Aerospace Co Ltd., said they would invest 2 trillion won ($1.53 billion) in return for a 49.3% stake and management rights in Daewoo shipbuilding. Hanwha Group, South Korea's seventh-largest conglomerate with 80 trillion won in assets, spans energy, defense, and financial industries.

31 Oct 2022

Austal USA Names Alcathie VP of Human Resources

(File photo: Austal USA)

Mobile, Ala. shipbuilder Austal USA announced it has hired Michelle Alcathie as vice president of human resources, responsible for the overall development and implementation of company-wide human resources policies, programs and services.Alcathie is a human resources administrator with over 25 years of experience leading workplace transformations that support long-term strategic business plans.Before joining Austal USA, Alcathie was vice president of human resources for Kratos Defense & Security Solutions.

26 Sep 2022

S.Korea's Hanwha Group to Invest $1.4B for Daewoo Shipbuilding

Credit: IikaJzuchiN/Wikimedia Commons - CC BY-SA 4.0

South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd signed a tentative agreement on Monday for Hanwha Group to invest 2 trillion won ($1.4 billion) in return for a 49.3% stake and management rights in the shipbuilder, the companies and Daewoo's major stakeholder said. The agreement, signed with affiliates of Hanwha Group including Hanwha Aerospace, will only be valid if Hanwha is chosen after a period of being open to other bids, Daewoo said in a regulatory filing. State-run Korea Development Bank (KDB) owns a 55.7% stake in the shipbuilder.

26 Aug 2022

Chinese Defense Firm Takes Over Lifting Venezuelan Oil for Debt Offset

China has entrusted a defense-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas' billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil in August 2019 after Washington tightened sanctions on the South American exporter. But it continued to find its way to China via traders who rebranded the fuel as Malaysian, Reuters has reported.

25 Aug 2022

Eye on Design: Flipping Small High-Speed Powerboats

Copyright deanz/AdobeStock

Naval Architects can predict many things with great certainty. But the sea is an unpredictable task master and there are still a number of areas where it is difficult to get a technical handle on the problem.High speed planing boat stability is one of those areas.Planing hull design is incredibly complicated and dynamic behavior is actually more difficult to predict than the dynamic behavior of airplanes. (Let me say it again: Aerospace engineering (I am one) is sandlot compared to Naval Architecture).Meanwhile thousands…

05 Aug 2022

NASSCO Awarded $1.4 Billion to Build US Navy Ships

(Image: General Dynamics NASSCO)

Shipbuilder General Dynamics NASSCO, a subsidiary of aerospace and defense company General Dynamics (GD), announced on Friday that it received $1.4 billion in U.S. Navy contract modifications for construction of a sixth Expeditionary Sea Base ship (ESB 8) and two additional John Lewis-class fleet oilers (T-AO 211 and 212). This award comes in addition to $600 million already received to procure long-lead time materials for the same ships. The contract modification also provides an option for the Navy to procure an additional oiler…

04 Aug 2022

Shift Clean Energy Names Hughes COO

Mark Hughes (Photo: Shift Clean Energy)

Energy storage solutions company Shift Clean Energy announced it has named Mark Hughes to its its executive team as chief operating officer.Hughes brings a background in manufacturing and supply chain management, and a wealth of international experience growing companies and leading operational improvement programs across a range of industries from automotive to aerospace. He will support Shift in its growth to provide the marine and industrial industries with energy storage solutions…