Samsung Heavy Industries Co., Ltd. (Power & Control Systems Division)

Defense, engineering and IT conglomerate Leidos announced on Friday it has completed its $380 million cash acquisition of marine engineering and naval architecture firm Gibbs & Cox.The deal, announced in February, will see Gibbs & Cox operate as a wholly-owned subsidiary combined with Leidos' maritime systems division.Headquartered in Arlington, Va., Gibbs & Cox is the largest independent ship design firm focused on naval architecture and marine engineering. The acquisition positions Leidos to provide a broad set of engineering solutions to the U.S. Navy and to an expanding set of foreign Navies.

The Texas A&M Maritime Academy said it has been notified by the U.S. Department of Transportation Maritime Administration (MARAD) that the National Security Multi-Mission Vessel (NSMV) expected to arrive on its Galveston campus in 2025 will be named the Lone Star State.The ship, which is slated to be built by Philly Shipyard, is the fourth in a new series of vessels specifically designed to support both maritime training needs and disaster response capabilities.“The Galveston Campus is fulfilling critical components of Texas A&M University’s sea-grant mission and is perfectly positioned both strategically and geographically to provide the instruction and training necessary for the state to

A new liquefied natural gas (LNG) bunkering vessel was christened in the Port of Antwerp on March 23.The new vessel, named FlexFueler 002, was built by Dutch shipbuilder Kooiman Marine for owners gas infrastructure group Fluxys and LNG supplier Titan LNG, and it will ensure that ships can refuel with LNG anywhere in the port. It will operate from its permanent moorings at quay 526/528 and supply LNG throughout the port and the Western Scheldt.It is the third vessel to join Titan LNG’s expanding infrastructure in the Amsterdam-Rotterdam-Antwerp (ARA) region, operating in addition to the FlexFueler 001 and the Green Zeebrugge.

Dry bulk shipping company Diana Shipping has entered into a time charter contract with Bocimar for its Kamsarmax dry bulk vessel, the m/v Myrsini. Diana Shipping said Friday that the gross charter rate was US$27,750 per day, minus a 5% commission paid to third parties, for a time charter period until minimum October 15, 2021, and up to maximum November 30, 2021. "The charter is expected to commence on May 10, 2021. The m/v Myrsini is currently chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$11,500 per day, minus a 5% commission paid to third parties," Diana Shipping said.

Kawasaki Heavy Industries, Ltd., Yanmar Power Technology Co., Ltd., and Japan Engine Corporation formed a consortium of Japanese engine manufacturers to pursue joint development of hydrogen fueled marine engines for ocean-going and coastal vessels.Kawasaki Heavy Industries will develop medium-speed 4-stroke engines, Yanmar Power Technology will focus on medium- and high-speed 4-stroke engines, and Japan Engine Corporation will embark on the development of low-speed 2-stroke engines. All three simultaneous developments will enhance the product lineup of propulsion and auxiliary (generator) engines for a wide range of vessels.