Maritime Industry Top News
Saltchuk Makes Bid for Overseas Shipholding Group
Seattle-headquartered Saltchuk Holdings informed the U.S. Securities and Exchange Commission (SEC) that it has proposed to buy the Overseas Shipholding Group (OSG) shares it doesn't already own for $3 each, lifting shares of the Tampa, Fla.-based marine transportation company on Friday.As of June 29, Saltchuk beneficially owned 15.2 million (17.5%) of OSG's outstanding shares, Saltchuk said in the SEC filing.
Dry Bulk: Panamax Rally Accelerates
Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, eked out a fourth consecutive week of gains on Friday as lower…
Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650,000 barrels of oil, has been operating in Vietnam since 2014. Following the FPSO conversion by Singapore's Keppel in 2014, the vessel was deployed…
New LNG Carrier Mooring Tool Launched
A new ship mooring tool has been engineered to perform static and dynamic ship mooring analyses in a rapid, user friendly and intuitive manner.SHIPMOOR was created to make the assessment of mooring a liquefied natural gas (LNG) carrier a straightforward and user-driven process, tapping into the power of cloud based servers to undertake live mooring analysis for each ship. Launched by HR Wallingford and Witherbys…
PTL Unites Marine Legacy Companies Under One Brand
Fort Worth, Texas based Pilot Thomas Logistics’ (PTL) said it will unify its family of marine companies including Economy Boat Store, General Petroleum, Radcliff/Economy Marine Services…
Registration opens for the 2021 Maritime Risk Symposium in Houston
The University of Houston’s College of Technology will host the 12th Annual Maritime Risk Symposium (MRS 2021), in collaboration with the National Academy of Sciences, from November 2-4, 2021, at the at the University of Houston’s Student Center-South.The Maritime Risk Symposium is an annual three-day conference in which government and maritime industry leaders, port representatives, researchers, and solution providers convene to examine current and emerging threats to maritime security.
Triumph Subsea Terminates Offshore Wind Vessel Deal with Infrastrata
Triumph Subsea Services said Thursday it had formally canceled the Letter of Intent that was issued to Infrastrata in December 2020, for the construction of an offshore wind development vessel and said it didn't want to build any vessels with InfraStrata and or any of its shipyards.The two companies had signed the Letter of intent for one firm and one optional ST designed 200m x 35m Windfarm Development Vessels (WDV)…
Kooiman Delivers Hybrid Water Injection Dredger Pair to Van Oord
A pair of custom designed and built Water Injection Dredgers (WID) dubbed Maas and Mersey were built at Kooiman Marine Group and christened earlier this week at the office of Van Oord in Rotterdam.The hybrid vessels were developed by Kooiman Engineering in cooperation with Van Oord. Two electrically driven pumps deliver water under high pressure, or with a lot of volume through the U-shaped water injection pipe located at the rear of the ship.
ErtuÄźrul Gazi FSRU Delivered to Turkey's BOTAS
The Ertuğrul Gazi Floating Storage and Regasification Unit (FSRU) for was delivered recently from South Korea to Turkey's BOTAŞ Petroleum Pipeline Corporation (BOTAS), the classification society ABS has informed.Built by Hyundai Heavy Industries in accordance with the ABS Guide for Building and Classing LNG Regasification Vessels, the 295-meter-long Ertuğrul Gazi, which has a capacity for 170,000 m3 of LNG…
Dual-fuel LPG Carrier Delivered to Exmar
Belgium based shipping company Exmar has taken delivery of the newly built dual-fuel liquefied petroleum gas (LPG) carrier Flanders Innovation from Jiangnan Shipyard in China.The 88,000-cubic-meter-capacity very large gas carrier (VLGC) is the first of two ordered by Exmar and is said to be the largest dual-fuel LPG carrier in the world.The innovative vessel, capable of running on LPG fuel, is is expected…
The Crew Change Crisis is Getting Worse
The crew change crisis that has been plaguing the maritime industry for more than a year and a half is raging on and only getting worse, data from 10 of the world's top ship managers suggests.The number of seafarers onboard vessels beyond the expiry of their contract has continued rising from 7.2% to 8.8% in the last month, and the number of seafarers onboard vessels for over 11 months has risen from 0.4% to 1%…
VARD Delivers Latest Newbuild for Hapag-Lloyd Cruises
Norwegian shipbuilder VARD said it has delivered HANSEATIC spirit, the third expedition cruise vessel for German operator Hapag-Lloyd Cruises.The handover of HANSEATIC spirit completes the series of three vessels in the new Hapag-Lloyd Cruises expedition class, joining the structurally identical sister ships HANSEATIC nature and HANSEATIC inspiration, delivered by VARD in 2019.The 138 meters long and…
Lake Assault Boats Expands on US East Coast
Superior, Wis.based patrol, fire and rescue craft builder Lake Assault Boats has opened a 14,800 sq. ft. repair, service and maintenance facility in Portsmouth, Va. Marine industry veteran, Smokey Glover, along with his team of five highly regarded and experienced technicians (all formerly with Willard Marine) will lead and support the operation.The full-service operation will focus on repair, overhaul and maintenance services.
Interview: Chris Deegan, President & Chief Executive, Gibbs & Cox
In 1985, Chris Deegan was hired out of Penn State as a nuclear submarine cost estimator by the Naval Sea Systems Command and retired nearly 28 years later as the Executive Director of PEO Integrated Warfare Systems, with the last 10 as a member of the Senior Executive Service. He’s been with Gibbs & Cox since 2013, first as the Vice President of Engineering, and as President and Chief Executive since 2016.Please give a “by the numbers” look at Gibbs & Cox today.Since our founding in 1929…
L3 Harris Tapped to Deliver USV for Offshore Oil Spill Response
An unidentified "leading integrated oil and gas company" recently took delivery of an Unmanned Surface Vehicle (USV) from L3Harris Technologies, a USV designed to help out during oil spill response operations.C-Tug 3 is an 11-ft. USV outfitted with L3Harris' ASView control system,a system designed to enable USV remote operations from a land-based control station. C-Tug 3 is designed to execute pre-programmed mission plans and real-time teleoperation via a remote touch screen unit.
GTT’s NO96 Super+ Earns Approval from BV, DNV and LR
French engineering from GTT said three classification societies have given final approval for its NO96 Super+ technology, engineered to reduce the cargo evaporation…
New Fast Response Cutter Honors Emlen Tunnell, Coast Guard Hero, NFL Great
Bollinger Shipyards delivered the USCGC Emlen Tunnell to the U.S. Coast Guard in Key West, Fla. It is the 168th vessel Bollinger has delivered to the USCG in 35 years and the 45th Fast Response Cutter (FRC) delivered under the current program.Named to honor Coast Guard hero and NFL great Emlen Tunnell, the cutter is the fourth of six FRCs to be home-ported in Manama, Bahrain, which will replace an aging 110-ft. Island Class Patrol Boats.
Derecktor Shipyards Hires Steady as COO
Derecktor Shipyards announced on Thursday that Richard Steady will be joining the U.S. shipbuilding and repair company as chief operating officer.Steady has held many executive maritime positions prior to joining Derecktor. He began his career at Maritrans, the global shipping and transportation company, where he rose to the position of director of government and regulatory affairs. He also held key roles at marine construction and dredging operator Weeks Marine…
EU Steers Shipping Toward Carbon Trading Market to Curb Emissions
Ship owners could be forced to pay for pollution from their vessels or face bans from European Union ports under draft plans to add shipping emissions to the bloc's carbon market.Shipping does not at present face EU emissions targets, but that is set to change under proposals to make its economy greener which are due to be published next month.A draft proposal, seen by Reuters, would expand the carbon market to cover shipping emissions within the EU…
Bruhns Named President of Herbert Engineering
Herbert Engineering Corp. (HEC) appointed Hendrik Bruhns to succeed Spencer Schilling, who formally stepped down as the company's president on July 1.Bruhns had been serving as an executive vice president and manager of business development for HEC since January 1, 2021, and he has served on the HEC board since 2009. A trained naval architect. Bruhns comes from an 11-year commitment as president of the HEC affiliate and maritime software firm, Herbert-ABS Software Solutions LLC.
