TOTE Services, LLC, a U.S. maritime services company specializing in vessel construction management and ship management, signed a contract with the U.S. Department of Transportation - Maritime Administration (MARAD) to serve as vessel construction manager (VCM) for the Missile Range Instrumentation Vessel (MRIV) program.
Hanwha Philly Shipyard (HPSI) and TOTE Services were selected to deliver the Missile Defense Agency’s (MDA) Missile Range Instrumentation Vessels (MRIV). TOTE Services will serve as vessel construction manager (VCM), and HPSI will build the ships at its Philadelphia shipyard.The MRIV will replace the Pacific Tracker and Pacific Collector
Bollinger Shipyards this week welcomed Director of the Office of Management and Budget (OMB) Russ Vought, Commandant of the U.S. Coast Guard Adm. Kevin Lunday, and senior Coast Guard and Administration officials to its Houma and LaShip facilities for a firsthand look at progress on the Arctic Security Cutter (ASC) program.
The UK's FTSE 100 rose on Monday, steadying after its steepest drop since April last week, as prospects of higher crude supplies kept prices in check.The blue-chip FTSE 100 index closed 0.34% higher at 10,497.94 points. The midcap FTSE 250 dipped 0.29% to 24,123.75 points.Brent crude futures LCOc1dipped 0.44% to $101.
Ernst Russ AG has entered into an agreement to acquire four modern IMO Type II chemical/product tankers of the Intermediate class (18,500 dwt), with all four vessels secured under fixed charters of at least five years from delivery. The charter backlog of the Ernst Russ Group increases by approximately $126 million.The four newbuildings, built at Wuhu Shipyard Co., Ltd.
Germany’s Ernst Russ has acquired two multi-purpose vessels, MV Ronnie and MV Charlie, as part of its long-term fleet strategy to expand exposure to the project cargo segment and strengthen predictable earnings.The Hamburg-based shipowner said both vessels have been fixed on seven-year charters to dship Carriers, a globally operating European company specialized in project cargo
On January 22, 2026, Eastern Shipbuilding Group (ESG) and partners, U.S. Army Corps of Engineers (USACE) and Royal IHC, held a keel laying ceremony for the ongoing construction of the Dredge DONNELLY at Eastern’s Allanton Facility.The DONNELLY is a Medium Class Hopper Dredge that has been under construction since April 2025.
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member through gross negligence.Vladimir Motin, 59, was captain of the Solong when it hit the Stena Immaculate tanker, which was anchored and carrying just over 220
Despite a first quarter of 2026 marked by geopolitical disruption, volatile energy prices and a fundamental realignment of global trade routes, Ernst Russ AG is consistently executing the disciplined growth strategy communicated in its annual report.The Hamburg-based shipowner closed the first quarter of 2026 with strong operating results and has already optimized its fleet during the current