Americraft Marine, a subsidiary of the Libra Group, announced the acquisition of St. Johns Ship Building, which specializes in the construction and repair of ships that comply with the Jones Act, including ships used to service offshore wind turbines.
Based in Palatka, Florida, near Jacksonville, St. Johns Ship Building pioneers the construction and repair of a wide variety of steel and aluminum vessels, including ferries, tugs, barges and general cargo vessels. St. Johns Ship Building is one of the few U.S. shipyards to build vessels that support and serve offshore wind farms.
Significant shipbuilding capacity is needed for the next 10-15 years
Americraft Marine is a subsidiary of the Libra Group, a private international business group whose subsidiaries own and manage assets in more than 50 countries. The announcement comes at a time when there is a great need for ships that comply with the “Jones Act”. Although shipbuilding has declined in the US in recent years, significant shipbuilding capacity will be needed over the next 10-15 years to support the growing demand for renewable energy vessels.
With facilities that include a storm protection zone of 100 acres inland, with an 850 ton floating dock, St. Johns Ship Building is able to accelerate the production of vessels that comply with the “Jones Act”, in particular the construction and maintenance of vessels supporting offshore wind farms.
Read also: The “shipbuilding trident” repositions Greece in the international market
George M. Logothetis
“Proud to invest in the future”
Pertaining to the acquisition, the president and CEO of the Libra Group Mr. George M. Logothetis noted his company has more than 45 years of maritime heritage and significant renewable energy experience through its four clean energy subsidiaries. As he stressed the acquisition of St. Johns Ship Building will enable Americraft Marine to build and strengthen the U.S. fleet to meet the needs of government and private customers.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
