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Monthly Archives: February 2025

MARAD Not Ready for Workforce Challenges Ahead

The US Government Accountability Office (GAO) has found that the Maritime Administration (MARAD) needs to take action to help address workforce challenges.MARAD has about 800 employees, but the agency is facing staff turnover, high numbers of…
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Mega Machines & Manson Construction

In this episode of Maritime Matters:Manson Construction is a U.S. Jones Act dredging and marine construction firm, founded in 1905 and family owned until converting to an employee-owned company in 2012. Fred Paup, Chairman of the Board, EVP…
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Navigating the Stormy Seas of U.S. Offshore Wind

Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the…
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Golar Sells LNGC Golar Arctic, Exits LNG Shipping Sector

Golar LNG Limited sold the 2003 built steam turbine LNG carrier, Golar Arctic for $24 million before transaction-related expenses, wit the transaction expected to close, and the vessel is to be handed over to its new owner within Q1 2025. Following the...
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Obituary: Karl Kenny, Founder, Kraken Robotics

Kraken Robotics Inc. announced the passing of founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year ...
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