Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal-2 facility will be built at Tradepoint Atlantic in Sparrows Point, Baltimore County
Ongoing fleet renewal by niche player Cool Carriers indicates continuing competitiveness at scale of the specialized, pallet-optimized reefership.Not so long ago, it seemed that the unrelenting march of containerization and ever-widening influence of the powerful ocean container line entities would finally usurp the conventional, breakbulk refrigerated cargo vessel.
If the Navy can’t successfully introduce smaller ship classes of ships, why does it think it can succeed with the largest surface combatants since World War II?The Navy has announced a new class of guided missile battleships, the USS Defiant [BBG(X)] or the Trump-class, as the centerpiece of a new “Golden Fleet.
A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.
Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent strike is just the latest in a string of assaults on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.
Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire "might take time", without providing further details.
Hafnia has taken delivery of the ECOMAR GIRONDE, the final vessel in its four-ship ECOMAR dual-fuel methanol newbuilding program developed in joint venture with France’s Socatra, completing the newbuilding series.Built at Guangzhou Shipyard International in China, ECOMAR GIRONDE is a 49,800-deadweight dual-fuel, methanol-capable Chemical IMO II medium-range tanker.
Swan Defence and Heavy Industries (SDHI) has signed its first newbuild contract for six IMO Type II chemical tankers, marking a milestone for India’s commercial shipbuilding sector and the country’s first chemical tanker order placed with a domestic shipyard.The contract, valued at $227 million, was awarded by European shipowner Rederiet Stenersen AS and covers six 18
The CMA CGM Group recently received its 400th owned vessel, the CMA CGM Monte Cristo, the first in a series of six methanol container ships.This key milestone reflects the Group’s long-term investment strategy, built on asset ownership and the integration of advanced technologies to enhance the environmental and operational performance of its fleet.
Singapore-based Seatrium has resolved its dispute with an affiliate of Maersk Offshore Wind, over the delivery of a wind turbine installation vessel (WTIV), originally intended for Equinor’s Empire Wind 1 project in the United States.Under the agreement Seatrium Energy reached with Maerk’s affiliate Phoenix II A/S, the parties will discontinue all legal proceedings related to the contract
Seatrium has issued a notice of arbitration against an affiliate of Maersk Offshore Wind, escalating a dispute over the termination of a contract for a wind turbine installation vessel (WTIV) intended for the Empire Wind 1 project in the United States.The move follows a notice of arbitration delivered by the buyer on October 21
U.S. forces hit another vessel allegedly carrying illegal drugs off the coast of Venezuela on Saturday evening, U.S. President Donald Trump said on Sunday, adding that the U.S. would also start looking at drug trafficking occurring on land.Trump made the comment during a speech at Naval Station Norfolk, next to the Harry S. Truman aircraft carrier.