CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd.
Italy’s Fincantieri and Spain’s Navantia have signed a memorandum of understanding to jointly coordinate and execute the European Patrol Corvette (EPC) program, strengthening industrial cooperation under one of Europe’s most ambitious defense initiatives.The two shipbuilders plan to create a joint venture to manage and execute the program.
Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC)
We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own.
ABB will supply the integrated power and propulsion system for Grand Tour, a new 230-meter semi-submersible heavy transport vessel being built by Guangzhou Shipyard International (GSI) for offshore contractor Allseas.Scheduled for delivery in 2028, Grand Tour is designed to transport large offshore wind converter stations from fabrication facilities in Asia and Europe and transfer them directly
Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate CLc1 declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.
Spirit of 1733, a new EPA tier 4 compliant 104-foot (32-meter) passenger ferry designed by global digital shipbuilder Incat Crowther for the U.S Virgin Island’s Department of Public Works has entered service. The new vessel is operating on a busy tourist and commuter route between Red Hook on the island of St. Thomas and Cruz Bay on the island of St. John in the U.S Virgin Islands.
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026.
Spirit of Mulgumpin, a customized 22-meter tour vessel Incat Crowther has designed for The Tour Collective’s See Moreton business has entered service supporting See Moreton’s operations in the Moreton Bay Marine Park in Queensland, AustraliaNamed in honor of the local Indigenous name for Moreton Island – ‘Mulgumpin’ – Spirit of Mulgumpin has been designed to support the unique schedule and
Offshore industry leader Allseas selected Dutch maritime design house Vuyk Engineering to design its new semi-submersible Heavy Transport Vessel (HTV) ‘Grand Tour’. Purpose-designed to support seamless topsides transfers to ‘Pioneering Spirit’, the vessel represents a major step forward in integrated offshore transport and installation solutions.
Offshore contractor Allseas has signed a construction contract with Guangzhou Shipyard International (GSI) in China for a purpose-built semi-submersible heavy transport vessel (HTV), marking a major expansion of its fleet capabilities.The vessel, to be named Grand Tour, is scheduled for delivery in the first quarter of 2028.