Part of a group of companies that make up Fraser Industries, Fraser Shipyard is a 138-year-old on Lake Superior, an organization which makes equal revenue from newbuild and ship repair, able to work in both steel and aluminum. Recently it signed a collaboration agreement with HD Hyundai to help migrate process and technology from one of the world’s biggest and best shipyard to the shores of Lake
The American Great Lakes Ports Association has signed a Memorandum of Understanding (MoU) with the Great Lakes Alliance of Shipyards to advance shared priorities in domestic shipbuilding and commerce.The MoU marks the first formal partnership between the U.S. Great Lakes port and shipyard communities.
CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.
Classification societies have always occupied a unique position in maritime: technical arbiters, rule makers, certifiers, and, increasingly, strategic advisors helping shipowners navigate some of the most consequential decisions in shipping’s and shipbuilding’s history. As maritime grapples with decarbonization mandates, digital transformation, automation
"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.
A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-tracking data showed.The VLCC Yuan Hua Hu is now anchored off the Gulf of Oman, near where the U.S. Navy has set up a blockade on Iranian vessels, LSEG data showed.
In December of 2025, the U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers. The announcement declaring the vessels would be built between the United States and Finland in a major step forward for America’s national security in the Arctic region. The decision process encompassed more than the security of the Arctic passage.
Often debated and long-awaited, The White House released its long-anticipated America’s Maritime Action Plan (MAP), a 40+ page blueprint aimed at what it calls a new “Maritime Golden Age” for the United States.The document, developed under Executive Order 14269, lays out a four-pillar strategy to rebuild domestic shipbuilding capacity, expand the U.S.
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies
The U.S. inland waterways don’t just move cargo — they move people into long-term, well-paid careers. At a time when trucking and rail struggle with shortages, turnover, and burnout, inland waterways operators quietly offer something different: a job you can start without experience, a career you can grow into, and a paycheck that gets better every step of the way.
On October 28, 2025 U.S. Senator Dan Sullivan (R-Alaska), Chairman of the Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Coast Guard, Maritime, and Fisheries, convened the Senate hearing “Sea Change: Reviving Commercial Shipbuilding”. This hearing examined how to modernize and accelerate U.S.
The American Waterways Operators, the trade association of the American tugboat, towboat and barge industry, has released a new video on the industry's contributions to U.S. national and homeland security.The two-minute video, The Tugboat, Towboat and Barge Industry: Supplying America, Securing America, notes that while the mariners who transport cargo and facilitate commerce on America's rivers