PAC/ATLANTIC MARINE LEASING

The Dutra Group, a California-based heavy civil marine contractor, has issued a notice to proceed to Eastern Shipbuilding Group (ESG) for the construction of a 10,464 cubic yard trailing suction hopper dredge, named Adele.The ship will be constructed at ESG's Allanton and Port St. Joe facilities. Delivery is scheduled for late 2028.The Adele will join The Dutra Group’s 9,870 cubic yard trailing suction hopper dredge Stuyvesant serving our nation’s essential waterways.The newbuild will be based on Royal IHC’s Beagle design. The IHC Beagle Mk2 is a twin screw trailing suction hopper dredge with a maximum hopper capacity of 10,464 yd3.

The U.S. National Transportation Safety Board (NTSB) has recommended that 30 owners of 68 bridges across 19 states conduct a vulnerability assessment to determine the risk of bridge collapse from a vessel collision.The recommendation comes as part of the ongoing investigation into the collapse of the Francis Scott Key Bridge in Baltimore.The NTSB found that the Key Bridge, which collapsed after being struck by the containership Dali on March 26, 2024, was almost 30 times above the acceptable risk threshold for critical or essential bridges, according to guidance established by the American Association of State Highway and Transportation Officials (AASHTO).

This week, the UK Marine Accident Investigation Branch (MAIB) issued its report on the deaths of three stevedores in a cargo hold access space on board a bulk carrier.Berge Mawson was in Indonesia, loading coal from barges using a floating crane. During a pause in loading due to heavy rain, all hatches were closed. After the rain stopped, a stevedore mistakenly entered the access space of a cargo hold and was overcome. Two other stevedores collapsed while attempting to rescue him as crew collected rescue equipment. The stevedores had not been trained on safe cargo work on board bulk carriers or on the dangers of enclosed spaces.

Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.Jamal Amer spoke to Reuters late on Monday after the U.S. launched a wave of strikes in areas of Yemen controlled by the Iran-aligned Houthis, who said last week they were resuming attacks on Red Sea shipping to support Palestinians in Gaza.Two senior Iranian officials told Reuters that Iran had delivered a verbal message to the Houthi envoy in Tehran on Friday to cool tensions and that Iran's foreign minister asked Oman, which has mediated with the Houthis

Korea's Hanwha aims to buy up to 9.9% of Australian shipbuilder Austal in an after-market offer following its failed A$1.02 billion ($646.17 million) takeover bid last year, a term sheet showed on Monday.Hanwha has offered A$4.45 each for 41.2 million Austal shares, showed the term sheet reviewed by Reuters.The deal's bookrunners, in a message seen by Reuters, told investors the books had been covered for the transaction.The Korean company does not intend to make a takeover bid for Austal "at this time", the term sheet showed.Hanwha and Austal did not immediately respond to requests for comment.The offer price represents a 16.2% premium to Austal's closing share price on Monday of A$3.83.