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NYK to Invest in theDOCK’s Navigator II Fund

Image courtesy NYK/theDOCK

NYK  signed an agreement to invest in “Navigator II,” an investment fund managed by theDOCK, an Israeli venture capital firm specializing in maritime technology. Navigator II invests in and supports startup companies that research and develop innovative technologies in the fields of shipping, ports, and supply chains.

Toledo Harbor Dredging Contract Awarded

U.S. Army Corps of Engineers Buffalo District contractor Ryba Marine Construction Co. pumps dredged material from a scow in Toledo Harbor into a confined disposal facility, Toledo, Ohio, November 4, 2020. USACE Buffalo District is responsible for maintaining federal navigation channels in harbors and waterways across lakes Erie and Ontario. (U.S. Army Photo by Jess Levenson)

The U.S. Army Corps of Engineers (USACE), Buffalo District awarded a $4,565,000 contract to Michigan-based Ryba Marine Construction Company on May 17 to conduct dredging of the federal navigation channel in Toledo Harbor and the Maumee River.Dredging of harbors like Toledo’s and rivers like the

NOAA Issues RFP for Design and Construction of Ocean Survey Ships

Crew members aboard a NOAA ship in 2016 use a crane to hoist a remotely operated vehicle (ROV) from the water at night. NOAA is seeking proposals for new ocean survey ships that can deploy a variety of equipment, including ROVs like the one pictured here. Credit: NOAA

NOAA is seeking proposals from U.S. shipbuilders for the design and construction of new ships for the agency. The new vessels will primarily support NOAA’s coastal, continental shelf and deep ocean data collection requirements.The solicitation, which opens today and closes on August 16, 2022, is for a firm,

Braemar inks deal with UK MOD

Braemar signed a seven-year contract with the UK’s Ministry of Defence (MOD) to provide global shipbroking services across all commercial maritime sectors. Under the contract, Braemar will provide the MOD with access to its S&P, chartering and research departments across Braemar’s 14 global offices.

Babcock Wins 10-year Contract for HMS Queen Elizabeth Class Aircraft Carriers Dockings

© Stefan / Adobe Stock

Babcock announced on Monday it has been awarded a 10-year contract to provide dry-dock maintenance for the Royal Navy’s Queen Elizabeth class (QEC) aircraft carriers.The £30 million contract follows a previous maintenance period where Babcock completed the first docking for HMS Queen Elizabeth

Raytheon Anschütz Inks Deal for Hunter Class Frigate

Image courtesy Raytheon Anschütz

Raytheon Anschütz signed a contract with BAE Systems Australia’s maritime division for initial design work of an integrated navigation and bridge system for the Royal Australian Navy’s Hunter class frigate program.Raytheon Anschütz will design and manufacture a warship integrated navigation and bridge

Pair of Ritz-Carlton Yacht Collection Vessels to Sport Azipod Propulsion

Image courtesy Ritz-Carlton Yacht Collection/ABB

ABB inked a deal with Chantiers de l’Atlantique for Ritz-Carlton Yacht Collection to supply the electric propulsion systems and remote support for the luxury cruise operator’s two forthcoming mega-yachts. The ships are the second and third in a series that began with Ritz-Carlton Evrima, to start operations later this year,

Austal to Build Two More Evolved Cape-class Patrol Boats for Australian Navy

The first Evolved Cape-class Patrol Boat, ADV Cape Otway (314) was delivered to the Australian Department of Defence and Royal Australian Navy on 23 March 2022. (Photo: Austal Australia)

The Australian Department of Defense will order an additional two Evolved Cape-class Patrol Boats (ECCPB’s) for the Royal Australian Navy from shipbuilder Austal for $124 million. The two new vessels are in addition to the six Evolved Cape-class Patrol Boats that are currently being delivered by Austal Australia for the Royal Australian Navy.

Bollinger to Build Uncrewed Mine Countermeasure Vessels for the US Navy

(File photo: U.S. Navy)

Lockport, La.-based Bollinger Shipyards earlier this month was awarded a U.S. Navy contract for the production of the Mine Countermeasures Unmanned Surface Vehicle Unmanned Surface Vehicle (MCM USV), engineering services and other direct costs.According to the Pentagon, the $13,725,953 fixed-price incentive (firm target),

Castor Maritime Announces New Charter Agreements

© Max Wei /

Shipping company Castor Maritime on Monday announced it has lined up time charter contracts for three of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days.

AD Ports' SAFEEN Feeders in Trade, Shipping Deal with Saif Powertech

Credit: AD Ports

AD Ports Group's feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors.Under the terms of the agreement, the two companies will

Buffalo Harbor Dredging Contract Awarded

U.S. Army Corps of Engineers, Buffalo District contractor Ryba Marine Construction Co. dredges the Buffalo Harbor in Buffalo, NY, September 23, 2020. (Photo: Jess Levenson / U.S. Army)

Michigan-based Ryba Marine Construction Company has secured a $991,500 contract from the U.S. Army Corps of Engineers (USACE), Buffalo District to perform dredging of the federal navigation channel in Buffalo Harbor, ensuring accessible depths for large vessels, the continued flow of commodities across

Maritime Subcontracting: 'Do it Right' for Successful Projects

Copyright Igor Kardasov/AdobeStock

Within the maritime sector not enough attention is paid to maritime subcontracting. And yet, it is as important as the main contracts that maritime main contractors conclude with their clients, such as shipping companies and buyers of superyachts. The same applies to the oil & gas and renewable energy industry.

DOF Subsea Lines Up Work for Ross Candies

© Steve J Henderson /

The U.S. subsidiary of Norwegian offshore vessels owner DOF Subsea said it has secured multiple contracts for the construction support vessel Ross Candies.The 2010-built Ross Candies is one of two Jones Act-compliant vessels chartered by DOF Subsea USA from Otto Candies for operations in the U.S. Gulf of Mexico.

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