Accelerating demand for subsea power and telecoms cable network construction is fuelling major expansion of the world fleet of purpose-designed cable laying, maintenance and repair vessels.Driven by the growth of the offshore renewables sector and its advance into deeper waters, as well as by widening investment in cables connecting electrical grids in different countries
Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal-2 facility will be built at Tradepoint Atlantic in Sparrows Point, Baltimore County
Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at Colombo Dockyard in Sri Lanka.The vessels will be based on the same design as CS Sophie Germain, delivered to Orange Marine in July 2023.
Shipsonic, a producer of ultrasonic antifouling systems operating from the Province of Zeeland, has appointed Anne Marie van Swinderen as its new CEO. The appointment, effective October 2026, comes at a time when interest in ultrasonic antifouling technology from the maritime sector is growing.
Gecko Robotics announced a partnership with Anduril Industries to help accelerate American shipbuilding using advanced robotics, AI-powered software, and automated quality assurance. The partnership will support Anduril's Arsenal-2, a new software-defined shipyard in Baltimore County, Maryland, announced as part of the company's $3.
ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels, scheduled for delivery in 2028 and 2029
Brazilian beef exports will remain stable in 2026 compared with last year, beef lobby ABIEC said on Monday, projecting shipments between 3.3 million and 3.5 million metric tons this year.That compares with 3.5 million tons of beef exported in 2025, including fresh and processed products, when Brazil's beef shipments had their best year on record both in volumes and revenue
The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in the Atlantic Ocean on Wednesday as part of President Donald Trump's aggressive push to dictate oil flows in the Americas and force Venezuela's socialist government to become an ally.After capturing Venezuelan President Nicolas Maduro in an attack on Caracas on Saturday, the U.S.
The Los Angeles Board of Harbor Commissioners has approved a $3.4 billion annual budget for Fiscal Year (FY) 2026/27 for the Port of Los Angeles. The financial blueprint calls for increased investments in Port operational and community public-access infrastructure, as well as support for a range of sustainability and technology programs.
Two merchant vessels near the Italian coast recovered the bodies of two migrants and rescued 32 survivors from a boat trying to cross to Europe from Libya on Easter weekend, rescue charities said, citing the survivors as saying 71 others were lost at sea.The victims were transferred to an Italian coast guard patrol boat and brought to the Italian island of Lampedusa
Iran's U.N. Ambassador said on Thursday Tehran was not going to close the Strait of Hormuz, but added that it was Iran's right to preserve the security of the key shipping route.Amir Saeid Iravani made his comments to reporters at the United Nations when asked about remarks by new Iranian supreme leader, Mojtaba Khamenei
A record crowd of more than 900 industry and community representatives gathered for the 11th annual State of the Port, where Port of Los Angeles Executive Director Gene Seroka outlined his vision for the future, highlighting “Build Bigger and Build Smarter” investment priorities.Hosted by the Pacific Merchant Shipping Association since 2016