European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.
The Dredging Contractors of America (DCA) is pleased to report another strong year for the U.S. dredging industry in Fiscal Year 2025, with $1.8 billion in federal dredging awards executed entirely by the American-owned, American-crewed, American-built Jones Act dredging fleet.According to Michael Gerhardt’s U.S. Dredging Report, FY2025 marked a transition year.
All American Marine (AAM) has begun construction on a next-gen 78’ x 26.7’ aluminum catamaran research vessel for the University of Texas Marine Science Institute (UTMSI). The vessel is being built on Teknicraft Design’s multi-purpose research platform and is designed to support scientific research, survey, and teaching missions throughout the Gulf of Mexico
Sabine Surveyors, Ltd. has announced organizational changes aimed at strengthening its position in the marine services industry. Effective December 1, 2025, our parent company has transitioned from Gulf Copper & Manufacturing Corp. to Sabine Marine Group.In addition, Gulf Copper Government Services has officially become Sabine Ship Repair, Inc.
The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG.The U.S. exported a record 10.1 mmt of the liquid fuel in October, up from a revised figure of 9.1 mmt in September, LSEG data showed.Already the world's largest LNG exporter, the U.S.
JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas from four projects to diversify its global portfolio away from its reliance on Australia, it said on Thursday.JERA plans to buy up to 5.5 million metric tons per annum (mtpa) of U.S. LNG under 20-year contracts, with deliveries starting around 2030.
U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from financial firm LSEG.The increase was fueled by strong sales to Europe and Asia, and came despite unplanned shutdowns at the country's largest facility, Cheniere Energy's Sabine Pass plant in Texas
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.
U.S. natural gas futures fell around 1% on Wednesday on a smaller than previously expected decline in daily output so far this month after a 10%-price jump on Tuesday forced some traders to cover some short positions.Gas futures for June delivery on the New York Mercantile Exchange fell 2.4 cents, or 0.7%, to $3.403 per million British thermal units at 9:07 a.m. EDT (1307 GMT).
The EU and Britain announced new sanctions against Russia on Tuesday without waiting for Washington to join them, a day after President Donald Trump's phone call with Vladimir Putin brought about neither a ceasefire in Ukraine nor fresh U.S. sanctions.London and Brussels said their new measures would zero in on Moscow's "shadow fleet" of oil tankers and financial firms that have helped it avoid