Hornblower Completes Financial Restructuring
Hornblower Group has emerged from Chapter 11 bankruptcy under new ownership following the completion of its court-approved financial restructuring plan, the marine transportation and experiences company announced on Friday.Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas, majority ownership of San Francisco-based Hornblower has transitioned to funds managed by investment firm Strategic Value Partners (SVP)…
WINDEA CTV Fleet Takes Shape
With its two latest vessel deliveries, WINDEA CTV has completed its inaugural fleet of Jones Act qualified crew transfer vessels (CTV) to service the growing U.S. offshore wind industry.The four brand-new Incat Crowther-designed hybrid-ready CTVs—including the previously delivered WINDEA Courageous and Intrepid, as well as the recently completed and delivered WINDEA Ranger and Enterprise—were constructed by St.
Malte Willer to Lead E&S Tankers
Malte Willer has been appointed as the successor Jan Eghøj as head of European short-sea shipping company E&S Tankers, the company announced.The handover process will be completed by mid-August when Eghoej will leave the company and Willer will take over as managing director. Willer brings to the role a strong knowledge of the European chemical tanker market, E&S Tankers said.The company also revealed that Christian Vang will take up the role of commercial director…
CSL Orders Transhipment Vessel to Support the Mardie Project
Canadian shipping company CSL announced it has signed a 21-year strategic partnership with BCI Minerals Limited to build and operate an innovative transhipment vessel to support the Mardie Salt and Potash Project.The custom-designed 16,000 dwt shallow draft transhipper will handle 5.35 million tonnes of salt and 140,000 tonnes of sulfate of potash per year. Loading will take place at BCI’s jetty loadout facility in Cape Preston…
