The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden's White House has had in dealing with U.S.
Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.The "sustainment contract" is part of a government pledge to keep the diesel-electric powered Collins-class fleet "a potent strike and deterrence capability", Defence Industry Minister Pat Conroy said in a statement.
Dutch naval shipbuilder Damen Naval has signed a contract with the Procurement Organization of the German Armed Forces (BAAINBw) to supply two additional multipurpose frigates to German Navy, bringing the total to six F126 vessels.The first frigate is due to be delivered in 2028. Ship five and six will be delivered in 2033 and 2034 respectively.
Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of the Pacific Islands nation said on Thursday.Fiji's government said its cabinet had agreed to enter into a memorandum of understanding with Australia for the project
A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.The 2023 Atlantic hurricane season has been another in a string with above average activity producing three major hurricanes with winds above 111 mph (179 kph) out
The Australian government said on Saturday it had for the first time test-fired a Raytheon SM-6 missile from a Navy ship, a major step in acquiring and integrating the air-defense weapon into its inventory.The HMAS Sydney conducted the test near the U.S. state of Hawaii as part of the Pacific Dragon 2024 exercise, Australia's defense ministry said
Americraft Marine, one of the maritime subsidiaries of Libra Group that owns and operates a Jones Act shipbuilding facility in Palatka, Fla., has announced the appointment of Peter Fetten as Chairman of Americraft.A seasoned leader with four decades in the marine engineering and shipbuilding sectors, Fetten will help shape the strategic direction of Americraft Marine as it works to advance U.S.
Seattle-based naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) has acquired Coastwise Corporation. The Anchorage, Alaska-based firm—an expert in shallow draft, high-speed aluminum and cold weather engineering—has been rebranded as Coastwise Engineering and will operate as a division of EBDG.
ScoutDI has added an ultrasonic thickness measurements (UTM) payload, complete with in-flight A-scan, to the capabilities of its end-to-end inspection data solution for the Scout 137 drone.The product is suitable for offshore applications where drones are becoming common for visual inspection and steel plate thickness sampling must be done regularly to monitor e.g.
Shipbuilding groups Austal and Birdon announced they have signed a memorandum of understanding (MOU) to jointly develop defense shipbuilding capability in Western Australia to deliver the Australian Department of Defense Landing Craft-Medium (LC-M) Project.The formation of the MOU commenced in late November when Minister for Defense Industry, Hon.
Damen Naval and project partner NVL Group held a steel cutting ceremony at the Peene shipyard in Wolgast, Germany for the first new multipurpose frigates for the German Navy.“We are proud to be able to start cutting steel entirely on schedule on December 5. We were able to complete the development phase in record time, something that is partly due to the excellent cooperation with BAAINBW
Pat Stoik will join insurer Ascot Group as Executive Vice President, Head of Marine, Ascot U.S., effective October 24. He will be based in New York and will report directly to Matt Kramer, Chief Executive Officer, Ascot U.S.An experienced executive in the marine industry, Stoik brings more than 35 years of senior management, underwriting, and broker experience to Ascot.