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gCaptain 09/20/2019 14:01
Top management of US-based salvage and offshore decommissioning company Ardent will buy-out the company from founding partners Svitzer and Crowley after receiving financial support. The financing will come from AURELIUS Finance Company, an alternative direct lender. The deal will see Ardent’s senior management team become shareholders in the company. The financial terms of the deal […]
gCaptain 09/19/2019 18:51
Virginia-based electric utility provider Dominion Energy is proposing the United States’ largest offshore wind development off Virginia’s coast. The proposal is for a 2,600-megawatt commercial offshore wind development that will ramp up to include 220 wind turbines providing renewable energy for up to 650,000 homes by the year 2026. If approved, the project would be […]
gCaptain 09/19/2019 13:53
Finnish shipbuilder Meyer Turku is postponing delivery of Costa Cruise’s new flagship vessel, the LNG-powered Costa Smeralda, by one month, the shipbuilder said in a statement. Meyer Turku attributes the delay to difficulties with the ship’s LNG propulsion and other sophisticated technologies onboard, combined with its large size. Under the new timeline, Meyer Turku will […]
gCaptain 09/18/2019 14:48
By Sal Mercogliano, Ph.D. – In a week punctuated by a drone missile strike on two oil production plants in Abqaiq, Saudi Arabia, the United States Transportation Command on Monday initiated a Large-Scale Sealift Readiness Exercise. As part of its Turbo Activation series which began in 1994, the joint command, located at Scott Air Force Base in […]
gCaptain 09/18/2019 11:36
By Abbas Al Lawati (Bloomberg) –Saudi Arabia joined a U.S.-led coalition to secure sea lines vital to oil shipping in the Middle East in the aftermath of a devastating attacks on Aramco’s oil facilities. The International Maritime Security Construct’s area of operation covers the Strait of Hormuz, the world’s most critical waterway for oil supplies, […]
gCaptain 09/17/2019 06:20
Superior tension fatigue, creep life, abrasion resistance and temperature performance – read why Dyneema® SK78 is the fiber of choice for mooring lines The maritime sector is changing. New mooring guidelines, high safety standards, mounting cost pressures, and increasingly large vessels are just some of the challenges facing operators today. At the same time, the sector […]
gCaptain 09/16/2019 15:48
Marine underwriting premiums rose by just one percent last year, but future market development remains uncertain as the marine insurance sector faces significant challenges, the International Union of Marine Insurance said Monday. IUMI this week presented its analysis of the latest marine insurance market trends, revealing that marine underwriting premiums for 2018 were recorded at […]

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