In December of 2025, the U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers. The announcement declaring the vessels would be built between the United States and Finland in a major step forward for America’s national security in the Arctic region. The decision process encompassed more than the security of the Arctic passage.
For Rauma Marine Constructions (RMC), the year has had a strong start. Today, a significant milestone was reached in the Squadron 2020 project with the start of production of the fourth multi-purpose corvette and the keel-laying of the third one. This also means that all four multi-purpose corvettes of Pohjanmaa class -- ships that measure 117 x 16.
Equinor said it is complying with a stop-work order issued by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), which ordered the suspension of offshore construction activities on the Empire Wind project citing national security concerns.Empire Offshore Wind LLC, the project company
Conrad Shipyard and Samsung Heavy Industries have agreed to a collaborative framework to jointly explore opportunities in the rapidly expanding U.S. LNG bunkering market.Under the agreement, Conrad and SHI will work together to evaluate and pursue technical, commercial, and market-based initiatives that support the design, construction, and deployment of LNG bunkering vessels tailored for U.S.
Facility will include 150,000 square feet of covered manufacturing space optimized for serial productionNew yard will support 200 new jobs and expands shipbuilding capacity Master Boat Builders announced plans to build a new $60 million, 150,000 sq ft manufacturing facility dedicated exclusively to government and defense shipbuilding programs.
Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States.The contract - secured by Sembcorp Marine Rigs & Floaters in 2022
The U.S. Coast Guard’s Facilities Design and Construction Center completed a contract modification with The Whiting-Turner Contracting Company Aug. 25 to remove up to 100 submerged concrete piles under the old Pier November at Base Charleston in North Charleston, South Carolina. The modification, with a potential value of approximately $14.
J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc. (FSG).
French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment Group becoming its majority shareholders.The restructuring marks the start of a new strategic phase aimed at improving profitability, enhancing organizational efficiency, and expanding market presence.
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. The shipbuilding industry continues to improve on safety metrics year after year.
Florida-headquartered Seascour has struck a second deal to supply its organic marine descaler product on one of the Great Lakes most famous vessels, The Wilfred Sykes.The iconic steam powered bulk freighter built in 1949 operated by Indiana based Central Marine Logistics, has just received its second application of Seascour.
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025