German defense contractor Rheinmetall and Swiss shipping company MSC have won an auction to acquire Romania's Mangalia shipyard for approximately $155 million (€138 million), with plans to develop the facility for both commercial and military shipbuilding.The acquisition, expected to be completed within a few weeks, will be jointly funded by the two companies, Rheinmetall said.
U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S.
Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. While the company’s primary focus has been moving people to and fro, from the Long Island, NY mainland to the Fire Island barrier communities and beaches, the business has evolved and grown since its start in 1948 via acquisition and organic growth.
Sticking to legacy tactics won't beat China — adopt Secretary Hegseth's and the Army initiatives or surrender the edge.In a recent address, Admiral Christopher Grady, Vice Chairman of the Joint Chiefs of Staff, underscored the urgent need for a robotic hull-cleaning system to enable anytime maintenance, reduce drag, boost speed, and minimize fuel consumption for naval vessels.
Ocean Craft Marine (OCM) delivered a 31-ft. (9.5-m) rigid hull inflatable boat to Hopewell Fire & EMS in Hopewell, Va.The vessel serves a dual role: fire and rescue operations for the fire department, and patrol, boarding, and port security missions for the Hopewell Police DepartmentThe boat will also operate as a designated asset of the Maritime Incident Response Team (MIRT) for the Port of
Moose Boats is excited to have completed the M2-38 patrol vessel for the Sacramento County Sheriff’s Office. The M2-38 is a 38-foot catamaran powered by twin Volvo Penta D6-480 diesel engines with a combined 960 horsepower with Hamilton Jets.According to Sacramento County Sheriff Sergeant Sam Flores
Phoenix International Holdings, Inc., announced the appointment of Travis Richardson as Hawai’i Area Manager.Richardson returns to Phoenix after his previous tenure from 2014 to 2019, where he led commercial diving operations, underwater ship repair projects, and regional business activities throughout the Pacific.
The International Marine Contractors Association (IMCA) has reminded vessel owners and operators of the significant risks associated with underwater ship husbandry (UWSH) operations as activity in the Strait of Hormuz increases.As vessels begin returning to service following extended periods at anchor, demand for hull cleaning, inspection, and maintenance has risen sharply.
The wreckage of the Coast Guard Cutter Tampa has been located and confirmed by the British technical-diving team Gasperados. The site lies approximately 50 miles off Newquay, Cornwall, United Kingdom, at a depth exceeding 300 feet deep in the Atlantic Ocean.Tampa was lost in 1918 during World War I after being torpedoed by a German submarine in the Bristol Channel.
The Spanish shipyard C.N.P. FREIRE, S.A. (Freire Shipyard) held the launch ceremony of the diving support vessel, hull number 739, built for the Armada Logistics Support Command: A22 Proserpina in Vigo. Delivery is scheduled for later this year.The ceremony was presided over by the shipyard's General Managers, Marcos and Guillermo Freire, accompanied by the Chief of Staff of the Armada (AJEMA)
Freire Shipyard held in Vigo the keel-laying ceremony for the new Diver Support Vessel (NC 739) for the Spanish Navy. Delivery is scheduled for November 2026.The Diver Support Vessel (EAB) will be a specialized platform designed to assist the Navy’s Diving School (EMB) in the training of all diving disciplines.
Inhaca Sub Diving Services – Mozambique has announced the launch of Smart Hull Sight (SHS), a new AI-powered platform that digitalizes underwater hull inspections through 3D photogrammetry, corrosion detection, and CII performance analytics.Developed by Inhaca Sub’s diving and ROV specialists, SHS enables shipowners, class societies