Caterpillar collaborates with Serco on NOMARS unmanned surface vessel

Caterpillar Marine reports that it has completed key milestones in support of the revolutionary new No Manning Required Ship (NOMARS) medium unmanned surface vessel that Herndon, Va., headquartered Serco Inc. is to deliver to the Defense Advanced Research Projects Agency (DARPA).

Cat notes that its marine-certified engines hold the distinction of meeting the reliability, durability, performance monitoring and speed requirements to operate at sea at 90% availability for one year without manned...

https://www.marinelog.com/technology/caterpillar-collaborates-with-serco-on-nomars-unmanned-surface-vessel/

Tidewater in global value agreement with Caterpillar

Offshore services giant Tidewater Inc. [NYSE: TDW] has executed a Global Value Agreement (GVA) with Caterpillar covering its worldwide fleet of over 200 OSVs that operate in more than 60 countries.

Caterpillar says that its GVAs ensure comprehensive parts, service, monitoring and maintenance support to help reduce total cost of ownership (TCO) and increase uptime and availability. Tidewater will benefit from having a dedicated Caterpillar fleet manager to identify the most effective, efficient...

https://www.marinelog.com/offshore/tidewater-in-global-value-agreement-with-caterpillar/

S&P sees still-challenged financial makeup for restructured 3PL Neovia

Logistics provider Neovia has restructured its debt, but a report from S&P Global Ratings said the company is likely to receive a rating on its new debt that is still deep into junk bond territory.

In a report released earlier this month, S&P Ratings said it would expect Neovia to have a rating for its post-restructuring debt of no higher than CCC+.

“A ‘CCC+’ issuer credit rating indicates the appearance of an unsustainable capital structure without a specific envisioned default scenario over the...

https://www.freightwaves.com/news/sp-sees-still-challenged-financial-makeup-for-restructured-3pl-neovia

Port of Portland seeks shipyard proposals for dredge tender

Seattle-headquartered naval architecture firm Glosten reports that the Port of Portland, Ore., is soliciting proposals from qualified shipyards for the construction of a new dredge tender to replace the W.L. Williams.

Designed by Glosten, the Williams replacement vessel is a 69-foot-long, twin-screw, multipurpose vessel powered by two Caterpillar Inc. C18 EPA Tier 3 engines. With its double-chined hull, pram bow, push knees, and a full suite of Markey Machinery Company, Inc. electric winches on...

https://www.marinelog.com/inland-coastal/dredging/port-of-portland-seeks-shipyard-proposals-for-dredge-tender/

Caterpillar sees methanol as a key fuel for maritime decarbonization

Caterpillar Marine is investing in methanol-fueled engine technologies. It says the commitment supports the development of decarbonization efforts in the marine industry by offering cost effective methanol-powered solutions without sacrificing the value that its customers expect from Caterpillar.

“In order to continue supporting our customers with their climate-related goals Caterpillar Marine will continue exploring combustion technologies such as methanol,” said Derrick York, Caterpillar...

https://www.marinelog.com/shipbuilding/engines-fuel/caterpillar-sees-methanol-as-a-key-fuel-for-maritime-decarbonization/

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