Mobile, Ala. shipbuilder Austal USA has been awarded a contract to build up to 11 medium-endurance Offshore Patrol Cutters (OPC) for the U.S. Coast Guard.The initial $208.26 million award supports detail design and long lead-time material for one OPC, with options for production of up to 10 additional vessels, the Coast Guard announced on Thursday. The deal could be worth up to $3.
China launched its third aircraft carrier on Friday, the Fujian, named after the province opposite self-ruled Taiwan, sending a statement of intent to rivals as it modernizes its military.President Xi Jinping has made overhauling the world's largest armed forces a central part of his agenda, seeking to project power well beyond China's shores, though the government says it has no hostile intent.
Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said.With U.S. LNG exports rising
Adm. Linda L. Fagan has been confirmed as the 27th Commandant of the U.S. Coast Guard, clearing way for her to be the first woman top officer in one of the military services. The Senate on Wednesday approved Fagan’s promotion, along with those of five other senior Coast Guard officers, by unanimous consent.Nominated for the role by President Joe Biden in April, Fagan will succeed Adm.
President Joe Biden nominated Adm. Linda L. Fagan to serve as the 27th Commandant of the U.S. Coast Guard. Upon confirmation, Adm. Fagan will be the first woman to serve as Commandant of the Coast Guard.Adm. Fagan currently serves as the 32nd Vice Commandant, having assumed the duties on June 18, 2021.
Hyundai Heavy Industries Holdings said on Monday it had appealed to an EU court to fight the European Commission's January decision to block its takeover bid for rival shipbuilder Daewoo Shipbuilding & Marine Engineering.The suit, made to the European Union's General Court, was filed on March 23, a Hyundai spokesperson said.
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139.13 and U.S. West Texas Intermediate (WTI) hit $130.
A first of its kind cleaner burning methanol-fueled towboat is set to hit the water in 2023 as the maritime industry continues to develop and implement new technologies for cleaner vessel operations.The Hydrogen One is being developed by owner Maritime Partners in cooperation with naval architecture firm Elliott Bay Design Group and hardware suppliers e1 Marine and ABB.
Hurricane Ida made landfall in Louisiana on Sunday as an extremely dangerous Category 4 storm, forcing those who did not flee to brace themselves for the toughest test yet of the billions of dollars spent on levee upgrades following Hurricane Katrina 16 years ago.Ida came ashore near Port Fourchon, Louisiana, at 11:55 a.m. CDT (16:55 GMT), the National Hurricane Center (NHC) said.
Russia's Promsvyazbank (PSB) said on Monday its unit PSB Leasing did not own the oil tanker Linda, among five ships targeted by U.S. sanctions following Moscow's invasion of Ukraine.PSB said in a statement the tanker was redeemed by its owner in April last year.According to shipping data, the ship is en route to Malaysia where it is expected to arrive on Sunday.
A Russian-flagged crude oil tanker targeted by U.S. sanctions is heading to Malaysia, shipping data showed on Monday, amid growing international scrutiny on businesses linked to Moscow following its invasion of Ukraine.The Linda, named in a U.S. Treasury document detailing sanctions against Russia
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia."China is the black hole in this shipping crisis, all the carriers are headed there," said Lee, owner of Dongkwang International Co. in Busan which makes about 20 billion won ($17.