HII’s Newport News Shipbuilding division is marking 140 years of service to the US today, January 28, 2026.On Jan. 28, 1886, Collis P. Huntington, a businessman whose investments enabled completion of the U.S. transcontinental railroad, turned his focus to shipbuilding, establishing what was first chartered as Chesapeake Dry Dock and Construction Co.
Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang onto power in the face of U.S. threats of more military action.
Newbuilds expand AET’s dual-fuel fleet to all of its sectors: Aframaxes, Shuttle Tankers, Suezmaxes and Very Large Crude Carriers (VLCCs)AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction of two LNG dual-fuel Suezmax tankers.The vessels will further expand AET’s growing dual-fuel fleet operating worldwide.
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.
The Tennessee-Tombigbee Waterway Development Authority has elected Governor Tate Reeves of Mississippi to serve as Chairman for 2026. Governor Reeves will lead the four-state interstate compact as it advances economic development, freight mobility, and recreation along the Tennessee-Tombigbee Waterway and the broader M-65 Marine Highway corridor.
Boksa Marine Design (BMD), a full-service naval architecture and marine engineering firm based in Tampa, announced a strategic leadership transition and the opening of a new Fort Lauderdale, FL, office.After more than 20 years as Founder and President, Nick Boksa will transition into the role of Chief Executive Officer (CEO) and Senior Engineer.
Anemoi Marine Technologies and COSCO Shipping Heavy Industry have renewed a framework agreement to expand collaboration on the installation of rotor sail wind-propulsion systems across COSCO Shipping subsidiary shipyards.The renewed agreement builds on cooperation that began in 2022, during which the companies completed the installation of nine rotor sails at COSCO Shipping Heavy Industry yards
Babcock has marked two major milestones at its Rosyth shipyard in Scotland as the keel was laid for HMS Formidable, the third ship in the UK’s Type 31 frigate program, and the company announced an expanded partnership with U.S. defense contractor HII to support construction of Virginia-class submarines.
Performance Shipping reported its third-quarter financial results for 2025, highlighting solid fleet performance amidst softer market conditions.For the three months ending September 30, 2025, the company posted net income of $3.9 million, a decrease from $12.4 million in the same period in 2024.
Lloyd’s Register (LR) has published a new guidance document, providing the first roadmap for the safe and responsible use of nuclear technology in commercial shipping and offshore industries.As the maritime sector accelerates its transition towards sustainable energy solutions, nuclear power has re-emerged as a viable solution to achieve net-zero ambitions.
Classification society DNV has awarded an Approval in Principle (AiP) to SeaTech Solutions for the design of a new 10,000cbm ammonia bunkering vessel, being developed in collaboration with Oceania Marine Energy.Measuring 130-metres, the ammonia bunkering vessel is specifically designed to deliver low-carbon ammonia to ammonia dual-fueled bulk carriers at the Port of Dampier
Singapore's offshore services firm Kim Heng has held a christening ceremony for the Bridgewater Discovery, a DP2 geotechnical survey vessel, rebuilt in 2024.With the Bridgewater Discovery vessel, Kim Heng has marked another milestone in its expansion into the renewable business sector.