U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
On October 9, 2025, the Fratelli Cosulich Group launched Maya Cosulich — the world’s first methanol-powered IMO II chemical bunker tanker — at Taizhou Maple Leaf Shipyard.The ceremony was attended by Ms. Hoe Sook Mei from the Fratelli Cosulich Singapore office, who served as the Godmother of Maya Cosulich.
Fratelli Cosulich Group placed an order for another 7,999 dwt IMO2 chemical bunkering tanker at Taizhou Maple Leaf Shipbuilding Co., Ltd., which when delivered in Q4 '26 will bring the company's total number of methanol-ready barges to four.This newbuild vessel is designed to carry fuel oil, biofuels up to B100 and methanol. The delivery of this methanol-ready vessel is scheduled for Q4 2026.
Maritime UK Solent is set to put Maritime Defense at the heart of discussions at the inaugural Solent Coastal Powerhouse Summit on March 26 - 27, 2025, at ABP’s Ocean Cruise Terminal in Southampton.The UK Government has announced the biggest sustained increase in defense spending since the Cold War