Saronic has broken ground on Port Alpha, a new U.S. shipyard at the Port of Brownsville, Texas, representing a private capital investment of more than $3 billion and a potentially significant addition to U.S. shipbuilding capacity.Situated on 835 acres with an option to expand to nearly 4,400 acres, Port Alpha is being designed to build autonomous, autonomy-capable and manned vessels.
US natural gas futures held steady on Tuesday as bearish forecasts for milder weather and less demand over the next two weeks than previously expected offset a bullish drop in daily output to an eight-month low.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 0.2 cent, or 0.1%, to $3.169 per million British thermal units.
US natural gas futures held near a two-week high on Thursday as a bigger-than-expected storage build last week offset the drop in output in recent days as energy firms reduced flows on offshore Gulf of Mexico pipelines ahead of Hurricane Isaias.Front-month gas futures for November delivery <NGc1> on the New York Mercantile Exchange fell 1.1 cents, or 0.3%, to $3.
Northwest Florida has long been defined by its connection to the water. Home to Naval Air Station Pensacola, the Port of Pensacola and a growing network of marine manufacturers, defense contractors and emerging technology companies, the region is an important center for maritime innovation.
JE Dunn Construction and Alberici Constructors, Inc. celebrated placing the final structural beam of Saronic Technologies’ $300 million shipyard expansion project. Saronic will use the expanded Franklin shipyard to increase production capacity for its fleet of Marauders, the company’s 180-foot fully autonomous ships.
U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24.
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.
Wärtsilä Water & Waste, part of technology group Wärtsilä, has introduced a flexible and modular grease trap product line designed to separate fats, oils and grease from galley wastewater streams onboard merchant vessels, cruise ships and offshore platforms. The solution supports improved wastewater management while contributing to protection of the marine environment by capturing fats, oils
The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD), where he oversaw key programs supporting the nation’s commercial and strategic maritime infrastructure.
Regal Rexnord Corporation announced that its Board of Directors has appointed Aamir Paul to serve as Chief Executive Officer (CEO), commencing no later than July 1, 2026, upon the conclusion of his responsibilities with his current employer, Schneider Electric SE. The Board has also determined that Mr.
HII announced the selection of two vice presidents at its Newport News Shipbuilding (NNS) division. Christie Miller has been promoted to the role of vice president of communications and Christian Ortego will join the division as vice president and NNS chief counsel.In her new role, Miller will have responsibility for internal and executive communications, special events and protocol
Saronic has announced a $300 million investment to expand its Franklin, Louisiana shipyard.Supported by close partnerships with Louisiana Economic Development, St. Mary Parish, and other state and local officials, Saronic is expanding its facility to meet surging demand for its autonomous ships.