BY Captain Bobbie Scolley, U.S. Navy (ret.) and Rear Admiral Tim Gallaudet, U.S. Navy (ret.)For more than six decades, spanning from 1905 to the late 1970s, the U.S. Navy’s diving apparatus for deep ocean operations and salvage remained fundamentally unchanged. During this period, the demographic of navy divers also saw little alteration.
Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.
CORE POWER (US) Inc. has engaged with Glosten to help its team design a floating nuclear power plant (FNPP) to power U.S. ports. Created by CORE POWER, the FNPP concept is a nearshore infrastructure system that includes a barge-based nuclear power plant, barge support services, electrical grid integration, and operational teams.
Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry.
Great Lakes Dredge & Dock, the largest provider of dredging services in the United States, has taken delivery of its newest Jones Act-compliant hopper dredge, the Amelia Island from the Conrad Shipyard in Morgan City, Louisiana.The Amelia Island is specially designed for efficient and safe operations along shallow and narrow waters throughout all U.S. coastlines.
As battery technology evolves at speed, so too do developments on maritime's increasing use of the energy packs for hybrid and pure electric applications. Today, Fleetzero, a developer and manufacturer of modular propulsion platforms for hybrid and electric ships, selected Glosten to design what is expected to be the world’s longest-range hybrid electric vessel.
Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.
The United Seamen’s Service (USS) announced that the 56th annual Admiral of the Ocean Sea (AOTOS) Awards will honor three champions of American maritime: Captain Willie Barrere, National President of American Maritime Officers; Edward F. Hanley, Chief Operating Officer of Maersk Line, Limited and Vincent J. Marino, Chief Executive Officer of CMC-ITI-CCS.
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in an increased probability of a major disruption in Middle East oil supplies.
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. The shipbuilding industry continues to improve on safety metrics year after year.
Oman's state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary through an initial public offering, it said on Wednesday, as part of the Gulf country's privatization drive.The group, owned by Oman's sovereign wealth fund, plans to sell a stake of at least 20% in Asyad Shipping Co and float it on the Muscat stock exchange
QatarEnergy has inaugurated four new conventional-size LNG vessels built in Samsung Heavy Industries and Hanwha Ocean shipyards in the Republic of Korea as part of its historic fleet expansion program.The four new vessels - Id’asah, Nuaijah, Umm Swayyah, and Lebrethah - are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the