UK's Trident Nuclear-deterrent Missile System Misfires During Test
Britain's Trident nuclear-deterrent system misfired during a test last month, sending a missile crashing into the ocean off the Florida coast near the submarine that launched it, The Sun newspaper reported on Wednesday.The Ministry of Defense confirmed that an "anomaly" had occurred during the test but said Britain's "nuclear deterrent remains safe, secure and effective".With Defense Secretary Grant Shapps on board the HMS Vanguard to witness the test…
Maine Selects Sears Island as Preferred Site for Floating Wind Port Facility
The government of Maine has selected a section of state-owned area on Sears Island as its preferred site for a port facility development that will support the floating offshore wind industry.The selection of the site, announced by the Governor of Maine Janet Mills, follows an extensive public stakeholder process led by the Maine Department of Transportation and Maine Port Authority to consider the state’s primary port development options…
Sulmara Set to Refit Ocean Marlin Vessel Under New Multi-Year Charter Deal
Glasgow-headquartered subsea specialist Sulmara has signed a three-year deal with Atlantic Offshore to charter the DP II multi-purpose support vessel Ocean Marlin, that will undergo substantial refitting to accommodate the needs of renewable energy sector.As part of the contract, Sulmara, who earlier in February announced the signing of a Master Service Agreement with Asso.subsea, will undertake a…
Fincantieri and EDGE to Launch JV for Naval Vessels Construction
EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion)…
NYK Places Order for its First Japan-built Offshore Wind CTV
NYK Line has ordered a crew transfer vessel (CTV) for offshore wind industry from Kosaba Shipbuilding Corporation, the first such order the company placed to a local Japanese shipyard.Following delivery in late 2025 or 2026, the vessel will be used to transport technicians to construct and maintain offshore wind power generation facilities offshore Japan.The vessels will be 28 meters long, and capable of accommodating 12 passengers.By expanding its fleet of CTVs…
American Queen Voyages Up for Sale as Hornblower Gets New Majority Owner
A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages.Aside from significant minority stake in the business…
Manta Marine Technologies Announces New Leadership
Manta Marine Technologies, formerly known as Yara Marine Technologies (YMT), unveiled its new brand and leadership team, following its recent acquisition by Geneva-based Okapi Supply Trading Advisory SA.The Manta Marine Technologies team will now be led by CEO Ina Reksten, who previously served as Deputy CEO and Chief Operating Officer. Outgoing CEO Dr Thomas Koniordos has been appointed as Chair of the Board…
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