Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial capability audit.The Justice Department’s criminal resolution was coordinated with the U.S. Securities and Exchange Commission (SEC).
New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said "materially altered" the plans.New York provisionally approved the projects in October 2023. They are Attentive Energy One being developed by TotalEnergies, Rise Light & Power and Corio Generation; Community Offshore Wind
U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters.Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl and illegal
After more than a decade of collaboration with cooperating agencies, community experts and public input, NOAA today released the final management plan and environmental impact statement for Florida Keys National Marine Sanctuary.The documents outline NOAA’s regulatory recommendations and mark a critical milestone in the most comprehensive public process to restore the Florida Keys’ delicate
The US Navy’s newest Arleigh Burke-class guided-missile destroyer, USS John Basilone, has been commissioned.DDG 122 became the 74th ship of her class and the second ship to bear the namesake of John Basilone, the only Enlisted Marine to earn the Medal of Honor and the Navy Cross during World War II.
Sales and jobs in the United States' marine industry are on the rise, according to the most recent statistics from the annual Marine Economy Satellite Account (MESA) released by two Department of Commerce agencies — NOAA and the Bureau of Economic Analysis (BEA).In 2022, the American marine economy contributed a total of $476 billion in economic impact
The U.S. Coast Guard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific Islands alongside local police are illegal, saying the joint patrols are at the behest of Pacific nations to protect coastal fisheries.Reuters reported last month that six Chinese fishing boats were found to be violating Vanuatu's fisheries law after being inspected
Bollinger Shipyards announced it has laid the keel for the future USNS Muscogee Creek Nation at its yard in Houma, La.The vessel is the 10th Navajo-class Towing, Salvage and Rescue Ship (T-ATS) and the fifth T-ATS vessel being constructed by Bollinger since acquiring the program in April of 2021.The keel authenticators were the Hon. David W.