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Marine News January 2026 Volume 37 Number 1

Marine News (ISSN#1087-3864) (USPS#013-952)

Editor’s Note

New York: 118 E. 25th St., New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 ollowing a much needed two-week hiatus at www.marinelink.com the end of 2025, maritime 2026 has roared in like lion, with rapid-? re announcements

CEO

John C. O’Malley • [email protected]

Fon battleships, Venezuela, oil tanker shadow ? eets and last – but certainly not least – U.S. ship-

Publisher & Editor

Greg Trauthwein • [email protected] building. Since President Trump took of? ce around

Tel: 516-810-7405 this time last year, there has been voluminous chat-

Contributing Writers ter that has put maritime and shipbuilding front and

Joseph Keefe, Celia Konowe, Robert Kunkel, Rhonda Moniz, center. To date, however, that talk has not ended with

Barry Parker a proportionate money ? ow, and most reading these pages wait anxiously to read the long overdue Mari-

PRODUCTION

Production & Graphics Manager time Action Plan, reportedly out sometime in Q1 ’26.

Nicole Ventimiglia • [email protected]

Greg Trauthwein, Editor,

In the meantime, there has been no shortage of [email protected] foreign interest and investment in the U.S. maritime

SALES sector, and in this ? rst edition of 2026 we ask Barry

Vice President, Sales & Marketing

Parker, our resident maritime ? nance guru with a knack for digging details from

Terry Breese • [email protected]

Tel: 561-732-1185 Fax: 561-732-8414 volumes of government and corporate reports, to give a thorough shake-down of what transpired in 2025 in terms of investment and partnership, and what could be

Advertising Sales Managers brewing as a result in 2026 and beyond. Hist story starts on page 34.

Lucia Annunziata • [email protected]

Tel: 212-477-6700 ext 6240 Fax: 212-254-6271

While there is much unsettled on many fronts of U.S. maritime, one beacon of stability is the passenger vessel sector. Next month, just across the river from Cincin-

John Cagni • [email protected] nati, the Passenger Vessel Association (PVA) will convene for its annual convention

Tel: 631-472-2715 and discussion on all matters passenger vessels. To prepare, in this edition we offer a

Frank Covella • [email protected]

Tel: 561-732-1659 Fax: 561-732-8063 powerful one-two editorial combo to help set the stage.

• Captain Steve Jones, Gateway Clipper Fleet, President of PVA (2025),

Mike Kozlowski • [email protected]

Tel: 561-733-2477 Fax: 561-732-9670 offers insight not only on his company’s operations and experience in and around

Pittsburgh, but also that ‘view from the top’ of PVA, diving into many of the burning

Gary Lewis • [email protected]

Tel: 516-441-7258 issues of the day that will effectively shape passenger vessel ops for the coming gen- eration. From burdensome regulation to the relationship with the U.S. Coast Guard

CORPORATE STAFF to U.S. shipbuilding, Jones offers insights starting on page 24.

Manager, Marketing • The cover story in this edition is my interview with Tim Mooney, the

Mark O’Malley • [email protected] third-generation family leader of the iconic Fire Island Ferries. This story is personal

Accounting and tardy, as Fire Island Ferries out of Bay Shore, NY, is literally a 20 minute ride

Esther Rothenberger • [email protected]

Tel: 212-477-6700 ext 6810 from my home on Long Island. In addition, one of the Fire Island communities served by the ferries – Atlantique – is our literal ‘home away from home’ during the

Manager, Info Tech Services

Vladimir Bibik summer, as my wife and I ? nd our boat docked in the Atlantique marina more often than not, with a daily front row seat to Fire Island Ferry operations. Tim shares in-

CIRCULATION

Kathleen Hickey • [email protected] sights on the company’s ferry ops today, as well as the future which includes a grow-

Tel: 212-477-6700 ext 6320 ing marine services business and ? eet of workboats and ? oating assets.

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Marine News, 118 E. 25th St., New York, NY 10010

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Marine News (ISSN# 1087-3864) is published bi-monthly (6 times per year) by Maritime Activity Reports, Inc. 118 E 25th St. New York, NY 10010-1062. Periodicals Postage Paid at New York, NY and additional mailing of? ces.

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The publisher assumes no responsibility for any misprints or claims or actions taken by advertisers. The publisher reserves the right to refuse any advertising. Contents of the publication either in whole or part may not be produced without the express permission of the publisher. 4 | MN January 2026