Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP), a leading pure-play Capesize shipping company, announced its financial results for the fourth quarter and twelve months ended December 31, 2024. Reflecting its strong commitment to shareholder returns, the Company also declared a quarterly cash dividend of $0.10 per common share for the fourth quarter… Read More
The U.S. Coast Guard is facing a mounting infrastructure crisis, with maintenance backlogs reaching a staggering $7 billion as of June 2024, according to a new U.S. Government Accountability Office report. This represents a dramatic increase from the $2.6 billion reported in 2019. The agency’s nearly 40,000 shore infrastructure assets, including critical facilities like boat stations,… Read More
President Trump is ship obsessed. He’s texting about rust into the wee hours of the morning, according to John Phelan, his pick to be Navy secretary. And he’s sprung the idea of a White House shipbuilding office, spanning both commercial and military sectors. Why it matters: Amid years of American atrophy — shuttered shipyards, workforce woes accelerated by… Read More
STAX Engineering, a leader in maritime emissions capture and control, has secured $70 million in funding to accelerate the deployment of its technology and expand carbon capture initiatives. The investment, led by Firstime Credit and Deutsche Bank Private Credit & Infrastructure, comes alongside the company’s new carbon capture trials with Seabound, an onboard carbon capture technology provider…. Read More
The Portuguese company owns 50% of Ocean Winds with France’s Engie. EDP Renováveis ??(EDPR) is mulling selling its stake in offshore wind company Ocean Winds. The company owns 50% and the remaining 50% is held by France’s Engie. The news was revealed by Bloomberg. No final decision has been made and one possibility is to… Read More
