At the 163rd ABS Annual Members Meeting, the classification society says it has never been stronger, with substantial growth and leading safety performance reported. Key numbers in 2004 included the fleet growing to 300 million gross tons, giving it pole position in global class in global new order share with 22 percent.
Russia said on Tuesday the U.S. had agreed to help it lift restrictions on food, fertilizer and shipping companies in exchange for agreeing to a maritime security deal in the Black Sea.The United States further said it had also agreed with Russia and Ukraine to implement a ban on military strikes on each other's energy installations.
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output.
Cruise passengers are to set sail from Belfast on Monday on a three-and-a-half-year world voyage after being stranded in the city for months as the ship underwent unexpected repair works. Some plan to make it their forever home.Passengers of the Villa Vie Residences' Odyssey, described as the world's first continual cruise
The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.
The U.S. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.The Navy, which has been looking for ways to reduce costs and increase efficiency across its shipbuilding and repair programs
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.
Hanwha Ocean on Wednesday announced it has secured a contract that makes it the first Korean shipbuilder to provide maintenance, repair, and overhaul (MRO) services for the U.S. Navy.The 40,000-ton U.S. Navy dry cargo and ammunition ship USNS Wally Schirra is undergoing maintenance and inspection at Hanwha Ocean’s Geoje shipyard
A U.S. nuclear-powered submarine will undergo maintenance in Australia for the first time on Friday, a key step by AUKUS partners to deter aggression in the Indo-Pacific, the defense ministers of Australia, Britain and the United States said.Australian personnel trained with the United States and Britain over the past year ahead of the submarine maintenance at HMAS Stirling in Western Australia
The pilot of a towboat that struck an industrial cargo pier near Saint Rose, La., last year had fallen asleep, the National Transportation Safety Board (NTSB) said Wednesday.The pilot of the Marquette Transportation owned and operated towing vessel John 3:16 was experiencing the effects of fatigue during his watch on September 12, 2023, while navigating the Lower Mississippi River.
Deme Offshore has laid all inter-array cables, manufactured by its partner Hellenic Cables, for the first phase of 3.6 GW Dogger Bank offshore wind farm in UK.More than 200 miles of 66KV inter-array cables have been successfully installed by delivery partners working on the construction of the world’s largest offshore wind farm.
Shipbuilding group Austal on Thursday announced that its inaugural chairman, John Rothwell, is retiring from his position of Chairman of the company to serve on the Austal board as a non-executive director.Former U.S. Secretary of Navy Richard Spencer will replace Rothwell as Chairman, and will also join the board of Austal USA.