Italy has formally launched its next-generation destroyer program, with Orizzonte Sistemi Navali (OSN) signing a contract valued at approximately $4.2 billion with OCCAR for two new DDX destroyers for the Italian Navy.OSN, the joint venture between Fincantieri (51%) and Leonardo (49%), said the contract includes approximately $1.48 billion in options and covers development, production, logistics studies and Initial In-Service Support.Fincantieri and Leonardo are expected to receive subcontracts valued at approximately $2.05 billion and $1.93 billion, respectively, including options.
Kawasaki Kisen Kaisha (“K” Line), has taken delivery of the 174,000-cubic-metre LNG carrier Puteri Kelantan, the third vessel of its type delivered for Petronas LNG in 2026.The vessel, owned by a joint venture company led by “K” Line, was delivered on September 24 by Hudong-Zhonghua Shipbuilding (Group) in China.Puteri Kelantan follows two vessels of the same type delivered for Petronas LNG in May and June this year. A fourth sister vessel, Puteri Negeri Sembilan, is scheduled for delivery in November.The new LNG carrier is about 299 meters long and 46.
TKMS and EDGE Group have signed a memorandum of understanding to explore jointly developing underwater surveillance and protection capabilities combining multiple platforms and sensor systems.The companies plan to evaluate an integrated multi-system approach to underwater security, combining TKMS's platform capabilities with EDGE's systems expertise to provide surveillance, protection and a comprehensive situational picture of the underwater domain.
Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said. That has reduced ship availability, raising shipping costs and increasing the time cargoes are on the water before reaching refineries.State-run Saudi Aramco 2222.
Crude oil flows out of the Strait of Hormuz reached 33.7 million barrels so far in the week starting September 20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week's levels.The traffic comprised 19 tankers, of which 17 are very large crude carriers (VLCCs) that can carry 2 million barrels of oil, the data showed. Most of the tankers are laden with crude from Saudi Arabia, followed by Iraq.For the full previous week, 49.2 million barrels of crude were shipped out via Hormuz, according to Kpler.
Eastern Shipbuilding Group, Inc. (ESG) announced the launch of the fourth annual Eastern Shipbuilding Group Coastline Initiative. In partnership with the Bay County Artificial Reef Association (BCARA), the competition challenges students from local welding schools to design and construct artificial reefs that support coastal restoration and marine habitat preservation.Originally launched in Fall 2022, the initiative has built a strong legacy of community impact.
US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict, with Iran seeking relief from the US blockade that is choking its economy and Washington seeking free passage for ships on the global oil supply route now blocked by Tehran.
Russia plans to raise more than 200 billion roubles ($2.35 billion) from exporters to finance the construction of icebreakers for its Arctic sea route, according to a draft government decree published this week.Russia is seeking additional sources to finance the development of transport infrastructure as it grapples with a budget deficit and rising war costs. Here are some details about the plan, which was drawn up by the Transport Ministry.A shipbuilding fee of 20.07 roubles ($0.
There were eight suicide attempts among US sailors on board the Abraham Lincoln carrier strike group during its extended 286 consecutive-day deployment at sea, the Pentagon told a lawmaker in a written response to questions.The nuclear-powered Lincoln, with roughly 5,000 personnel, was involved in the US naval blockade and combat operations in the war with Iran and — according to Democratic lawmakers — set a modern-day record for consecutive days at sea. The strike group consists of the carrier itself and several other warships.
The US Senate is nearing a deal to reform laws to speed up permitting of large infrastructure projects after the White House compromised on how renewable energy is treated, though a vote is uncertain before the midterm elections, a top Senate Democrat said on Thursday.Senators Sheldon Whitehouse, the top Democrat on the environment committee, and fellow Democrat Martin Heinrich have negotiated permitting legislation with Republican counterparts for months, after the talks had been cut off in December when President Donald Trump halted five near-complete offshore East Coast wind farms.
The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.Saudi Arabia used its East-West pipeline to divert around 4 million barrels per day - 4% of global supply - to the Red Sea after Iran constrained Gulf exports via the Strait of Hormuz from March in response to US and Israeli air strikes.The kingdom shut the pipeline on September 11 after drone attacks that it said came from Iraq, where Iran backs some militia groups.
Some 80 countries demanded the urgent reopening of the Strait of Hormuz on Thursday and condemned Iran and its Houthi allies for attacks in the region and disruption to international trade and energy security."Iran's actions in the Strait of Hormuz continue to threaten international security and navigational rights and freedoms," said a joint statement read out by Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani at the United Nations.