Seatrium Targets $40M Cost Savings in Continued Divestment Drive
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.The company said the divestments form part of its strategy to rationalize non-core assetsâŚ
Seatrium Wraps Up AmFELS Yard Sale
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities, the company said at the time.All projects carried out at the AmFELS yard have been completed and delivered prior to completion the asset saleâŚ
Manson Construction Takes Delivery of New Hopper Dredge
The newest addition to the Manson Construction Co. (Manson) fleetâthe hopper dredge Frederick Paupâdeparted the Seatrium AmFELS shipyard in Brownsville, TX, on Tuesday afternoon, setting sail for Mobile, AL.Representing Mansonâs single biggest investment since its founding in 1905, the Frederick Paupâdesigned in collaboration with Hockema Whalen Myers Associates, Inc. of Seattle, WA and built by Seatrium AmFELS in Brownsville, TXâis the largest self-propelled hopper dredge in the United States.The 15âŚ
Largest Self-Propelled Hopper Dredger in US History Delivered
Seatrium delivered FREDERICK PAUP to Manson Construction Co. Built at Seatriumâs Brownsville Texas yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredger in US history.Key highlights:Largest in the U.S. â 420â length x 81â beam, with a 15,000+ cubic yard hopper capacityPowerful and Agile â Self-propelled with 25,000 horsepower, triple azimuthing stern drives, and twin bow thrustersSustainable â Tier 4 Wabtec Diesel-Electric Engines and an advanced hullâŚ
Great Ships of 2025: Frederick Paup
15,000 cu. yd. Hopper Dredge = âthe Cookie Monsterâ of Beach ReplenishmentManson Construction Co.âs Frederick Paup is the largest Trailing Suction Hopper Dredge in the United States. Designed and built specifically to meet the needs of the U.S. dredging market, she boasts 25,000 HP and volumetric capacity of over 15,000 cubic yards. Utilizing her triple Z Drives and twin Bow Thrusters enables the Frederick Paup to maneuver and dredge within the tightest channels. This furtherâŚ
Seatrium Divests US AmFELS Yard for $50.7M
Seatrium has divested its AmFELS Yard located at Brownsville in Texas, in the United States, for a consideration of $50.7 million (S$65 million).The accretive divestment will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.The asset sale is being executed through Seatriumâs subsidiary, Seatrium AmFELS, which has entered into a binding agreement with Karpower Valley, a related party of Karpowership.Following the asset divestment, Seatrium will transition its strategic presence in the U.S.
US Coast Guard Icebreaker Shipbuilding Plan Gets a $8.6B Boost
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.5 billion for medium Arctic Security Cutters, and $816 million for procurement of additional light and medium icebreaking cutters.President Trump has been pushing to revive U.S. shipbuilding to counter China's growing strength in maritime manufacturing and naval dominance.
Unwinding the Morass that is U.S. Offshore Wind
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration, then President-elect Donald Trump referred to wind turbines (both onshore and offshore) as âgarbage in a fieldâ and described electric power produced through offshore wind as ââŚthe most expensive energy everâŚâIn the same briefingâŚ
First US-Built Wind Turbine Installation Vessel Starts Sea Trials
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas, has been in charge of the construction of the WTIV vessel, the first of its kind to be build in the United States.The vessel, commissioned by Dominion Energy, also recently completed the jacking trial and main crane load testing, Seatrium informed, adding the Charybdis is 96% completed.The vessel complies with U.S.
MEGA MACHINES: Manson Prepares to Add âThe Bionic Manâ of Dredge Vessels
Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didnât trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver. With barge-mounted pile driver, Manson Construction embarked on its journey into marine construction and eventually dredging, a journey which continues today as it has become a dominant player today in the U.S.
Offshore: Feedering for the Win(d)
With clean energy projects maturing in U.S. waters, the nationâs offshore wind industry is poised to grow substantially, requiring a robust industrial base. A feedering model using domestic tugs and barges to transport turbines to offshore wind sites, is positioned at the heart of this emerging growth.Currently, the entire global fleet of wind turbine installation vessels (WTIV)âexcept for Dominion Energyâs Charybdis currently under construction at the Seatrium AmFELS yard in Brownsville, Texasâis flagged, owned and operated outside of the U.S.
Cost of US-built WTIV Charybdis Balloons to $715 Million
The cost to construct the United States' first domestically built wind turbine installation vessel (WTIV), Charybdis, has risen to $715 million, Dominion Energy revealed in its latest quarterly results, marking another snag for the fledgling U.S. offshore wind industry.The first-of-its-kind vessel â the only WTIV being built in the U.S. to comply with the Jones Act â was originally slated to cost about $500 million when U.S. power company Dominion ordered it from Brownsville, Texas shipbuilder Seatrium AmFELS (then Keppel AmFELS) in 2020.
Offshore Wind: Inside the Financial Web
Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the âutility financeâ basket, they are ultimately high-risk deals that might better suit the portfolios of âinfrastructure investmentâ which, in recent years, has taken a shift towards tolerating more uncertainty when it comes to cash flows.A 2022 article from consultants McKinsey, titled âInfrastructure investing will never be the sameââŚ
One-on-One: Rob Langford, VP, Global Offshore Wind, ABS
As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are âlearn from the established European modelâ and âembrace technology transfer from the offshore oil and gas sector.â In Robert Langford, the American Bureau of Shipping has all of that and more bundled in one neat package.Rob Langford has worked in the offshore industry for more than three decades, âcutting his teethâ in a UK design firm working in the North Sea oil and gas platforms, the holy grail of rigorous conditions in offshore energy production.
Marine News' 2024 US Shipbuilding Report
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Moneyâs late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his companyâs architecture as a âthree-legged stool approach: commercial newbuilds, government newbuilds and repair/conversion capabilitiesâ.On the same panelâŚ
First US-built WTIV Charybdis Launched
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, was launched into the water at the Seatrium AmFELS shipyard in Brownsville, Texas.The 472-foot WTIVâthe first and only to be constructed in the U.S.âis being built for Blue Ocean Energy Marine, a subsidiary of Dominion Energy, who announced the milestone on Monday. Welding of the ship's hull and commissioning of the vessel's four legs and related jacking system has been completedâŚ
"You're gonna need a bigger crane..."
Offshore wind turbines are reaching new heights both literally (meters), and figuratively (megawatts). As the demand for larger turbines surges, so do the challenges faced by offshore installation contractors, which need to come up with bigger vessels, and, consequentially, bigger cranes for those vessels.When I took on the assignment to produce a piece focusing on heavy-lifting cranes and deck machinery for OE, I immediately thought of Huisman as a company best suited for coverage in this spaceâŚ
Offshore Wind: US Shipbuilders Answering the Call
Itâs a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HIIâs Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trumpâs 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners. Most recently, President Biden traveled to Philadelphiaâs Philly ShipyardâŚ
Pasha's New LNG-fueled Containership Makes Maiden Call in Honolulu
Pasha Hawaiâiâs second liquefied natural gas-powered containership made its inaugural arrival at Honolulu Harborâs Pier 51, completing the construction and delivery of the companyâs âOhana Class vessels.The vessel, Janet Marie, will serve the Hawaiâi/Mainland trade lane, joining the companyâs first âOhana Class ship, George III, which began service in August 2022. The new $225-plus million shipâbuilt at Keppel AmFELS in Brownsville, Texasâbegan its maiden voyage from the Port of Long BeachâŚ
Second LNG-fueled Containership Delivered to Pasha Hawaii
Hawaii-based Pasha Hawaii announced it has taken delivery of the second of two new âOhana Class, 774-foot liquefied natural gas (LNG) powered containerships built at the Keppel AmFELS shipyard in Brownsville, Texas.The new vessel, Janet Marie, joins Pasha Hawaiiâs fleet serving the Hawaii/U.S. mainland trade lane, following the companyâs first âOhana Class vessel, George III, which entered service on August 17, 2022.Operating on LNG from day one, the new Jones Act vessel surpasses the International Maritime Organization (IMO) 2030 emission standards for ocean vessels.
2023 US Shipbuilding Report
Much has changed since Marine Newsâ 2022 shipbuilding report published in March last year, and business opportunities in certain market segments continue to grow. But the shipyards that are looking to cash in are still facing many of the same challenges.For example, many American shipyards and their partners throughout the shipbuilding supply chain are still finding it difficult to attract and retain the workers they need. If youâre a skilled craftsperson looking for a job in shipbuilding, youâre in luck, because there are plenty of openings at shipyards across the country.
Crane for US-built WTIV Charybdis Heads to Texas
The crane for the first ever U.S.-built wind turbine installation vessel (WTIV) is on its way to America.The 2,200mt Huisman leg encircling crane has been loaded onto BigLift Shipping's Happy Star for shipment to the Keppel AmFELS shipyard in Brownsville, Texas, where it will be installed on Charybdis, a WTIV being built for Blue Ocean Energy Marine, a Dominion Energy company. The heavy lift ship recently left China, according to AIS ship tracking data.Once delivered, Huisman North AmericaâŚ
Frontiers Extend as Developers Eye Floating Wind Potential
America may have only entered the offshore wind sector recently, but it is wasting no time in playing catch-up. The White House has set targets of 30 GW of offshore wind capacity by 2030 and 110 GW by 2050. The focus so far has centred on bottom-fixed installations, but the prospect of higher energy yields in deeper waters where the wind blows stronger and longer now beckon. The White House has also set a floating wind deployment target of 15 GW by 2035.From a standing start, there are immense challenges in Americaâs offshore wind development.