A large buildup of U.S. naval forces in and around the Southern Caribbean has officials in Caracas and experts in the United States asking: is the move aimed at combating drug cartels, as the Trump administration has suggested, or is it for something else entirely?Seven U.S. warships, along with one nuclear-powered fast attack submarine, are either in the region or are expected to be there soon
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that
South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S.
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.
▶ Medium-sized containerships to be built by 2028, supported by design, procurement, equipment, and strategic technology investmentHD Hyundai launched a strategic shipbuilding collaboration in the United States, signing with U.S.-based Edison Chouest Offshore (ECO) to establish a strategic and comprehensive partnership for the construction of U.S. commercial vessels.
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S.
Isotta Fraschini Motori (IFM), a Fincantieri subsidiary specializing in advanced fuel cell technologies, inaugurated a new production line dedicated to the development and testing of hydrogen fuel cell systems at its Bari shipyard.The inauguration ceremony was attended by Nicola Bonasia, Mayor of Modugno; Antonio Decaro
Equinor, the developer of Empire Wind, has launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s “Godmother” during a christening ceremony on the Mississippi River at the Port of New Orleans.
Lloyd's Register (LR) has approved the design of ammonia dual-fuel systems design for Trafigura's newbuild medium gas carriers (MGCs).LR completed an extensive design evaluation and safety assessment to approve the designs in line with its rules and international regulations.Implementing ammonia dual-fuel systems on these vessels marks a significant step towards expanding the use of low-carbon
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.The Adriatic Affair: Finding the 1856 Le Lyonnais Wreck“Of the people on the ship, 114 died and only 18 survived. Those that did lived through extraordinary conditions in the North Atlantic. Storms. Dehydration. Starvation.
Marine electrical systems provider Vard Electro, part of Fincantieri’s Vard Group, has named Hans Tore as its new General Manager.Hans Tore has been working at Vard Electro since 2017. He started as System Integrator before he became a Project Manager.From June 2021 he took on the position as Vice President for Electrical Installation Operations and was promoted to Senior Vice President