Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially paving the way for Washington to reduce the shadow fleet of such vessels, the leading ship recycler's CEO said.Hundreds of ships with no known insurance or compliance with environmental safety standards have not only helped Iran and Russia circumvent sanctions
Fincantieri has secured its first contract under the U.S. Navy’s Medium Landing Ship (LSM) program, marking an early step in what could become a 35-vessel procurement central to future expeditionary operations.The $30 million award to Fincantieri Marine Group covers long-lead materials procurement and engineering work for the first four vessels.
President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m.
Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, won a defense export order from the Government of Sultanate of Oman to supply a state-of-the-art training ship. The vessel that will support the Royal Navy of Oman’s (RNO) advanced naval training and maritime operations, is expected to be delivered within 18 months.Measuring 104.25 x 13.
The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S.
China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract to build two liquefied natural gas (LNG) carriers for a North American shipowner.The order is valued at 741.2 billion won (about $507 million), HD KSOE said.The vessels will be constructed by HD Hyundai Samho and are scheduled for delivery in 2028.
The commissioning of China's latest aircraft carrier this week marks a new chapter in its military modernisation effort but security analysts and regional diplomats say tough challenges lie ahead before it can be made fully operational.President Xi Jinping attended the commissioning and flag-presenting ceremony of the Fujian in Hainan province on Wednesday
South Korea's HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S. navy auxiliary ships, the South Korean shipbuilder said on Sunday.HHI has a strong track record in this field, having delivered its first auxiliary vessel, HMNZS Endeavour, to New Zealand in 1987, followed by the HMNZS Aotearoa in 2020.
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S.
Washington Governor Bob Ferguson announced he has selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries. “We’re restoring domestic service to pre-pandemic levels years ahead of schedule, improving crew retention, and soon will bring our first hybrid-electric vessel into service,” Governor Ferguson said.
Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays.The government aims to have 45 gigawatts of offshore wind capacity by 2040