Fairbanks Morse Defense Announces New CEO
Fairbanks Morse Defense (FMD) is proud to announce Steve Pykett as he takes the helm as Chief Executive Officer. This transition marks a new chapter as the company continues to build on its legacy and drive forward into new opportunities for growth and innovation.Steve succeeds George Whittier, whose five-year tenure as CEO has left an indelible mark on FMD. Under George's guidance, the company experienced significant growth…
Fincantieri: Strong Growth in Q1 2025
Fincantieri has shared its interim financial results for the first quarter of 2025, showcasing growth across all business segments and achieving its best ever quarter in terms of new orders.Key highlights from the report include:Below are the key highlights from the report:Revenues totalled €2,376 million, up 35% compared to Q1 2024 (€1,767 million).EBITDA: €154 million, a 54% increase from Q1 2024 (€100 million)…
Ferguson Marine Welcomes New CEO
Ferguson Marine (Port Glasgow) Ltd has officially welcomed Graeme Thomson, who began his tenure as CEO at the beginning of May. Thomson, who started his career as an electrician by trade and got into shipbuilding as an apprentice, has extensive construction and shipbuilding experience. He joined Ferguson Marine from Babcock where he was Program Director, overseeing the delivery of Type 31 Royal Navy…
Bardex Technical Sales Engineer Selected for 2025 OTC Class of Emerging Leaders
Bardex Corp. is pleased to announce that the Offshore Technology Conference has awarded Daniel Toerner a spot in its 2025 Emerging Leaders class. Each year, the OTC recognizes up-and-coming professionals whose work in the energy industry demonstrates the kind of talent and commitment that puts them on a course toward being future leaders in the offshore energy sector. Each recipient of the award, who has been in the industry for fewer than 10 years…
Techcross to Showcase New Ballast Water Management Solutions at BARI-SHIP 2025
Techcross, a leader in ballast water management systems (BWMS), will make its first official appearance of the year at BARI-SHIP 2025, May 22-24, held in Imabari, Japan. At this event, Techcross will unveil the results of its ongoing R&D efforts, aiming to evolve from an equipment supplier into a total solution provider.At the center of the Techcross exhibit will be the Smart Platform, a system that utilizes satellite communication to collect and analyze real-time log data from installed BWMS.
Saildrone Names Former Vice Admiral as its New President
Maritime defense and oceanographic survey company Saildrone has appointed Vice Admiral John Mustin as its President, who will focus on growing the defense business.In his role, Mustin will work alongside Richard Jenkins, Saildrone founder and CEO.Mustin joins Saildrone following a distinguished 34-year career in the U.S. Navy. He most recently served as the 15th Chief of Navy Reserve and Commander…
US Firm Debuts 20K Intervention Solution at Gulf of America Deepwater Field
Texas-based subsea oil and gas equipment supplier Trendsetter Engineering has marked the first deployment of its Trident 20,000 psi (20K) intervention system at Beacon Offshore’s Shenandoah project in the Gulf of America.The Trident 20K intervention system was deployed from Transocean’s Deepwater Atlas drillship for a two-well flowback operation at the deepwater Shenandoah project.Trendsetter wet-hopped the Trident 20K system between wells…
ESVAGT, KMC Line to Launch Offshore Wind JV in South Korea
Danish vessel owner ESVAGT and South Korean shipping firm KMC Line have signed an agreement to establish a new joint venture KESTO, dedicated to the growing South Korean offshore wind market.Through a joint venture partnership with KMC Line, ESVAGT will deploy its expertise in the growing South Korean offshore wind market, where current plans include as much as 18.3 GW offshore wind to be established by 2030.
OpEd:Turning the Tide: How Trade Talks with China Could Revitalize the U.S. Maritime Industry — If Washington Gets It Right
As trade negotiations between the United States and China inch closer to resolution, stakeholders across multiple industries are holding their breath. For many, the focus is on tariffs…
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