Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a contract by Newport News Shipbuilding (NNS) to provide essential parts through its Hunt Valve subsidiary for the
Spay, Germany, headquartered marine propulsion leader Schottel has taken a majority stake in Turkish marine electrical system integration specialist Elkon from the family investment house Vera Capital. The minority stake will remain
In the next step of a cooperation with Boston-based Sea Machines Robotics announced in September last year, Rolls-Royce is expanding its range of MTU NautIQ ship automation systems with three new products:
President Biden has nominated Adm. Linda L. Fagan to serve as the 27th commandant of the U.S. Coast Guard. On confirmation, Adm. Fagan would be the first woman to serve as commandant
Trident Winds Inc., a Washington State based offshore wind developer, has submitted an Unsolicited Lease Request (ULR) to the U.S. Bureau of Ocean and Energy Management (BOEM) for a commercial lease to
The Biden administration budget request for fiscal year 2023 asks for $237.4 million in total budget authority to fund the Bureau of Ocean Energy Management’s mission to manage U.S. offshore energy and
Oslo-headquartered Integrated Wind Solutions (IWS) has ordered two more Skywalker class walk-to-work commissioning service operations vessels (CSOVs). The vessels are scheduled for delivery in first half 2024 from China Merchants Industry, Hong
A large part of the world’s ship chartering and sale & purchase business is negotiated at some stage by members of the London-based Baltic Exchange, the world’s oldest shipping market. Today, the
Three new LNG-fueled, hybrid-electric RoPax ferries on order at Poland’s Remontowa Shipbuilding (see earlier story) will feature ABB power, automation and propulsion solutions. The vessels will be delivered to Polish ferry operator
Spain’s Guardia Civil today executed a Spanish court order freezing the motor yacht Tango, a 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg. The Tango (IMO number 10107030 is believed to be worth approximately