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Cargotec to sell MacGregor to Triton for Over $500M
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-road load handling business, Hiab, operate as a standalone business, Cargotec said, adding that its CEO Casimir Lindholm would step down and be replacedâŠ
Seatrium Launches Digital Learning Lab
Seatrium and the Institute of Technical Education (ITE) in Singapore have inaugurated a Digital Learning Lab.The ITE-Seatrium Digital Learning Lab is designed to be a leading educational and innovation hub for the marine and offshore energy industry.By providing a dynamic and immersive learning environment for students, the Lab features practical skills development in energy and engineering, technologicalâŠ
GE Vernova Probe Finds Corners Were Cut
GE Vernovaâs offshore wind turbine manufacturing plant has fired or suspended several workers in Quebec after a company investigation found they took shortcuts on quality control, sources familiar with the matter told Reuters.GE Vernova launched the probe at the factory in Gaspe, Quebec, after one of the 107-meter-long turbine blades it made shattered at the Vineyard Wind project off the coast of Massachusetts in July.
Olympic Takes Delivery of Second CSOV from Ulstein
Norwegian shipowner Olympic has taken delivery of Olympic Notos, the second of two Construction Service Operation Vessels (CSOVs) built by Ulstein.The vessel is based on the SX222 design, and has now joined its sister vessel Olympic Boreas.The Olympic Notos was developed in close partnership with Ulstein, incorporating the TWIN X-STERN design and hybrid power solutions to reduce fuel consumption and emissions.This innovative design enhances operability and stabilityâŠ
Noble Picks ABS Wavesightâs Solution for Offshore Assetsâ Digital Recordkeeping
Offshore drilling contractor Noble Corporation has selected ABS Wavesightâs eLogs electronic logbooks for digital recordkeeping across its entire fleet of offshore assets.ABS Wavesight eLogs offers a comprehensive and streamlined approach to recordkeeping for both the maritime and offshore industry.The secure digital platform replaces traditional paper logbooks, delivering a more efficient, reliableâŠ
All American Marine to Build Hybrid Ocean Sampling Vessel
All American Marine (AAM) has secured a contract to build a 63-foot hybrid catamaran for the Orange County Sanitation District (OC San).The Teknicraft Designed vessel, designed to support ocean sampling and scientific research, will feature a hybrid propulsion system powered by Cummins QSB 6.7 engines paired with ABBâs Series Hybrid technology.The vessel is designed to meet Californiaâs zero-emissions standardsâŠ
Industry Partnership to Develop Safety Guidelines for Ship-to-Ship Ammonia Bunkering
A landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering has been established through a memorandum of understanding (MOU) between KR (Korean Register), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS Line, and the Liberian Registry.As the demand for ammonia-fueled vessels rises, this partnership aims to establish robust safety standards for STS ammonia bunkeringâŠ
Global OTEC Presents OTEC Power Module for Remote Offshore Platforms
Ocean energy company Global OTEC unveiled the OTEC Power Module concept, a system that employs ocean thermal energy conversion (OTEC) technology to provide clean power for remote offshore platforms and wells.Designed as an alternative to traditional long subsea tiebacks, the OTEC Power Module could provide clean baseload electricity and flow assurance services without the need for cables and hydraulicsâŠ
DOF Lands IMR Vessel and Subsea Services Contract in Asia Pacific
Norwegian offshore vessel operator DOF Group has won a contract for IMR vessel and associated subsea services in the Asia Pacific region.The contract will utilize one of DOFâs project vessels in the region and includes project management, engineering, logistics support and all related subsea activities.Offshore services are expected to commence in the first quarter of 2025 for approximately 150 days.âThisâŠ
DeepOcean and EXCEED Team Up for Vessel-Based P&A Services Offer
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.The two companies combine DeepOceanâs subsea engineering competence and extensive fleet of WROVs and supporting subsea vessels with EXCEEDSâs specialist well decommissioning expertise to offer operator a single contractâŠ
Van Oord Completes Dredging Project in Egypt
Van Oord has finished dredging two new port basins in Ain Sokhna Port, successfully completing a project that forms part of a port expansion program meant to improve and develop the Suez Canal Economic Zone and harness the potential of the Suez Canal as a global hub for maritime transport.The General Authority for the Suez Canal Economic Zone and the Ministry of Transport of the Republic of Egypt awardedâŠ
Nauticworx Secures First Clients for Workboat Availability Platform
Since its September launch, Nauticworx.com, the new digital platform designed for efficient workboat spot chartering, has attracted several early adopters.The companies have joined the platform to publish their real-time project needs for temporary workboats or list vessels with regional availability in the spot charter market.Nauticworx aims to simplify the complex spot market by bringing brokersâŠ
Enhancing Vessel Security in Evolving Maritime Landscape
During the first half of the year, the threat landscape in the maritime environment has continued to evolve and surprise, compared to what was recorded in 2023.Marlinkâs Security Operations Center (SOC) has reported that monitoring up to 1,800 vessels, adding visibility into events from endpoint protection solutions (EDR), firewalls, and e-mail security, along with the context provided by intelligence capabilitiesâŠ
VIKING to Service FAINâs Marine Fire Systems and Equipment
Marine safety solutions provider VIKING Life-Saving Equipment and firefighting systems supplier FAIN have signed an exclusive worldwide agreement for VIKING to provide certified services for marine fire systems and equipment delivered and installed by FAIN.FAIN supplies the full spectrum of firefighting systems for marine use, including CO2, foam, DP, water-mist, sprinkler, alternative gases and more.Headquartered in YangsanâŠ
Strategic Marine Bags Six Vessels Construction Order, Lines Up Six More
Singapore-based shipbuilder Strategic Marine has signed a significant contract with Mainprize Offshore for the construction of six Supa Swath vessels, with an option for an additional six vessels.The Supa Swath vessels are designed to meet support a wide range of maritime activities, including transportation, offshore support, and research.The first of the six Supa Swath vessels is expected to be delivered in the first quarter of 2026.With the firm six vessel orderâŠ
Seatrium Adds Heavy Lift Vessel to Project Schedule
Seatrium has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving heavy lift vessel project for the Japan wind market.Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q 2025.POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers forâŠ
Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data
Infostealers, a type of malware designed to steal sensitive information from an infected system, has marked significant rise in the first half of 2024 in the maritime domain, Marlinkâs Security Operations Center (SOC) has reported.The whole process involves six steps â starting from initial infection to the exploitation of acquired data, which can have serious consequences for the maritime industryâŠ
Key Strategies to Strengthen Maritime Cyber Security
Some of the key strategies to strengthen maritime cyber security include vigilance and proactive measures, timely incident reporting, and continuous improvement of security defenses, according to Marlinkâs Security Operations Center (SOC) cyber security threats report.Vigilance and proactive measures are essential. Regular training, strong e-mail security, and advanced detection systems play a vital role in reducing the risk of phishingâŠ
Beating the Heat: R.W. Fernstrum & Company Turns 75
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft. Family owned and operated from day one, today the company includes a fourth generation of family that aims to continue the legacy of its founderâŠ
MSCâs Taluga Group Envisions Maritime Logistics Differently
As the Military Sealift Command (MSC) celebrates its 75th anniversary, it is looking to the future through the eyes of a forward-thinking âinnovation cellâ named for a ship from its storied past. USNS Taluga (T-AO-62) was the first Navy replenishment ship that was operated by civil service mariners.The Taluga Group is a three-person team of Director John Bruening, Dean Vesely and Jerit VanAuker whoâŠ
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
âThe Money Makerâ: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
