Florida Marine Transporters LLC Holdings has completed a refinancing with a unit of TCW Asset Management Company LLC.Investment bank Carl Marks Advisors announced it facilitated the transaction.FMT, headquartered in Mandeville, La., is one of America’...
Read more
NORDEN Buys Bigger Ships to Capitalize on Reopening of China’s Economy
Shipping group NORDEN has acquired larger capesize dry bulk ships, aiming to benefit from China's economy reopening and expectations of a pick up in commodities trade, the Danish company's CEO said. Three years of rigid border controls and sweeping…
Read more
Austal USA Launches EPF14 and LCS 36
Austal USA launched two Navy ships this past week, USNS Cody (EPF 14) and the future USS Kingsville (LCS 36).With both ships in the water, production efforts will transition to final outfitting and system activation to support the ships getting underwa...
Read more
Strategic Marine Opens New Shipyard in Singapore
Strategic Marine unveiled a new shipyard facility located on JTC’s waterfront site at 5 Benoi Road in western Singapore. The ceremony also saw the delivery of Southeast Asia’s first hybrid crew transfer vessel (CTV), and the unveiling of Strategic…
Read more
Saildrone Expands USV Fleet Range
Saildrone announced a new, mid-size class of uncrewed surface vehicles (USVs). The 33-foot (10 m) Voyager is specifically designed for near-shore ocean and lakebed mapping, and to meet the challenges of IUU (illegal, unreported, and unregulated fishing...
Read more
Cargill to Stop Grain Export Activities in Russia
Cargill said on Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports.Most international…
Read more
Lancer Container Lines CEO Steps Down After 10 Years
India-based Lancer Container Lines said Wednesday that its CEO Narayanan Kutty Parekattil has decided to resign, effective from April 1, 2023.He has served ten years in Lancer Container Lines Limited. The company also shared the CEO's resignation…
Read more
Southeast Asia’s “First” Hybrid CTV Handed Over to HST Marine at Strategic Marine New Shipyard
Shipbuilder Strategic Marine on Wednesday unveiled a new shipyard featuring a 5,000-DWT dry dock and a 6,000-DWT slipway. The company said it had also handed over Southeast Asia’s first hybrid crew transfer vessel (CTV) to HST Marine, and unveiled…
Read more
Barges Break Free on the Ohio River in Louisville
The lock chambers at McAlpine Locks and Dam in Louisville, Ky., are closed to traffic after 10 barges broke loose from a tow on the Ohio River.Shortly after 2 a.m. on Tuesday, a vessel towing 11 barges struck a stationary structure at the entrance to t...
Read more