St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
South Korean defense, shipbuilding and energy solutions provider Hanwha Group has appointed Alex Wong as Global Chief Strategy Officer (CSO) to lead the company's strategic initiatives in international markets.In this newly created role based in Washington, D.C., Wong will spearhead Hanwha's efforts to deepen partnerships, build defense capabilities
The United States has ordered an amphibious squadron to the southern Caribbean as part of President Donald Trump's effort to address threats from Latin American drug cartels, two sources briefed on the deployment said on Wednesday.The sources, speaking on condition of anonymity, said that the USS San Antonio
The U.S. Coast Guard has set up the initial operating capability of a Robotics and Autonomous Systems Program Executive Office.The office is a key component of the Service's Force Design 2028 (FD 2028) plan, and the Coast Guard claims it is poised to be the most transformational enhancement to capability since the inception of aviation.
A Yemeni Houthi official said on Sunday that the Iran-aligned group's response to the U.S. attack on Iran was "only a matter of time."Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that its ceasefire deal with Washington was before the "war" on Iran.
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and Iran's retaliatory ballistic missile strikes, leading to a rally in global energy prices
The U.S. National Transportation Safety Board (NTSB) has recommended that 30 owners of 68 bridges across 19 states conduct a vulnerability assessment to determine the risk of bridge collapse from a vessel collision.The recommendation comes as part of the ongoing investigation into the collapse of the Francis Scott Key Bridge in Baltimore.
The Argentine government has authorized the export of live cattle for slaughter, reversing a prohibition that had been in place for over five decades, after the country's beef exports last year reached their highest level in a century.Argentina, famed for its beef cuts and traditional asado barbecue, is a ranching and farming powerhouse and a major exporter of processed soybeans, corn and wheat.
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output.
U.S. Secretary of State Marco Rubio on Sunday warned Panama's President Jose Raul Mulino that Washington will "take measures necessary" if Panama does not immediately take steps to end what President Donald Trump sees as China's influence and control over the Panama Canal.Mulino, after the talks with the top U.S.
DEME and Van Oord have secured separate contracts from Copenhagen Infrastructure Partners (CIP) for installation works at the 500 MW Fengmiao 1 offshore wind farm in Taiwan.DEME, through its Taiwanese joint venture CDWE, has been awarded a substantial contract for the transport and installation of foundations and the offshore substation for the Fengmiao 1 offshore wind farm in Taiwan.
President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.The ban, to be announced on Monday, rules out the sale of drilling rights in stretches of the Atlantic and Pacific oceans and the eastern Gulf of Mexico, said the report