Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967.
Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver.
According to Veson Nautical’s 2025 End-of-Year Market Report, a report which breaks down prevailing trends in all major oceangoing shipping sectors globally, these are the prevailing trends shipowners should watch in 2026.1. Routing Normalization vs. Geopolitical RealityMuch of 2025’s earnings strength—especially in containers
Norwegian offshore vessel owner Solstad Maritime has sold its Normand Clipper construction support vessel (CSV) to Global Maritime Group.Global Maritime Group, the current charterer of the vessel, declared the purchase option for the Normand Clipper, with the deliver of set to take lace at the end of the firm contract period on June 1, 2026.
Heidelberg Materials Northern Europe has taken a decisive step toward low-emission coastal logistics with the development of a next-generation methanol-powered cement carrier, an 80% emissions-cutting vessel that could redefine short-sea bulk operations in Scandinavia. Planned to enter service in early 2028
Okeanis Eco Tankers Corp. said that following strong demand it has successfully priced an offering of 3,239,436 new shares of the Company’s common stock, par value USD 0.001 per share, at a price of $35.50 per Offer Share, raising gross proceeds of $114,999,978.The net proceeds from the Offering are expected to be used as partial consideration for the acquisition of two newbuilding Suezmax
Vessev announced the VS–Drive, a podded propulsion system that stands to redefine electric marine performance. As the latest innovation from Vessev, which designs and builds commercial-grade electric hydrofoiling vessels, the VS–Drive is a submersible motor that combines advanced active cooling with custom direct-drive brushless motors in a modular design.
Accelleron will launch a landmark Net Zero report at London International Shipping Week (LISW) this month, calling on shipping to join forces with other industries and pool demand for carbon-neutral fuels.The call to decarbonize shipping has sparked a technological renaissance in the past decade that has enabled vessels to slash emissions in a variety of ways and be powered by carbon-neutral
Huntington Ingalls Industries, America’s largest military shipbuilder and a global defense technology provider, announced its second-quarter 2025 financial results, highlighting robust cash generation, strategic progress in AI-driven shipbuilding, and a record backlog of $56.9 billion.Q2 2025 Highlights:Revenue: $3.1 billion, up 3.5% YoYNet Earnings: $152 million, or $3.
d’Amico International Shipping S.A., an international operator in the product tanker sector, announced its financial results for Q2 and H1 2025. Despite market normalization following last year’s record highs, DIS achieved solid profitability and maintained its strong financial position.Financial Highlights (H1 2025 vs H1 2024):Net Profit: US$ 38.5 million (vs USD$122.
Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options, with the start on January 1, 2026.On contract with Sbusea7 since 2009, Normand Subsea is a 113-meter-long vessel, built in 2009, featuring VS 471 design.
SAAM (SM SAAM) reported net income from continuing operations of $59.2 million for 2024, EBITDA of $188 million (+17% vs. 2023) and revenue of $578 million (+7%). During the year it also completed the process of integrating the assets acquired from Starnav in Brazil and Pertraly in Ecuador.