Moran Towing Corporation acquired Bisso Towboat Co, as it aims to accommodate growing needs of New Orleans and the Lower Mississippi River communities.Moran was founded in 1860 and is privately owned and operated. It offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has operated in New Orleans since 2006.
Delaware River and Bay Authority (DRBA) Commission awarded a contract for the construction and outfitting of a new 75-car passenger/vehicle ferry to SENESCO Marine LLC of North Kingstown, RI. The project low bid was $78.6 million.The new ferry will eventually replace the MV Cape Henlopen, an over 40-year-old diesel engine ferry that currently serves passengers who travel between Lewes, Delaware
Huntington Ingalls said on Thursday that it had expected free cash flow for the current quarter to be negative, despite beating quarterly profit estimates, sending its shares down 11% at midday.CEO Chris Kastner said on a post-earnings call that the negative cash flow represented use of about $600 million, "as some of the fourth-quarter working capital benefit unwinds".
HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders.“The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the
HII’s Ingalls Shipbuilding division successfully completed the final round of sea trials for Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128). The Ingalls Test and Trials team spent several days in port and at sea conducting a comprehensive series of acceptance test and evaluations, overseen by the Navy’s Board of Inspection and Survey (INSURV).
HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128)Completed initial sea trials of Virginia-Class Submarine Massachusetts (SSN 798) in early OctoberThird quarter 2025
HII’s Ingalls Shipbuilding authenticated the keel today of Arleigh Burke-class guided missile destroyer Thad Cochran (DDG 135). The ship honors Thad Cochran, a Navy veteran and former U.S. senator who represented Mississippi from 1978 to 2018. Ceremony attendees included Cochran’s wife and ship sponsor Kay Webber Bowen Cochran and Ingalls shipbuilders.
Auramarine, a fuel systems expert for the marine industry, has announced the appointment of Ted Bergman as Director of Engineering and Projects. Bergman will lead the strategic development of the company’s engineering department, driving innovation and operational excellence in all fronts related to engineering design, consultation and automation.
On March 5, 2025, the United States Senate passed an important bill to authorize funding for our United States Coast Guard, after failing to do so in the previous Congress. S. 524, the Coast Guard Authorization Act of 2025, would if enacted into law authorize appropriations to fund the Coast Guard totaling $30.45 billion for fiscal years 2025 and 2026.
HII’s Ingalls Shipbuilding division has launched the future USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer to be built at the shipyard.DDG 129 is named for former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war. Following his Navy career, he was elected to the U.S.
HII’s Ingalls Shipbuilding division successfully completed the second builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128), building on the success of the initial trials conducted at the end of September.The Arleigh Burke-class (DDG 51) destroyer spent multiple days in the Gulf of America testing the ship’s main propulsion, combat systems
HII’s Ingalls Shipbuilding division successfully completed builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128), marking a major milestone in the construction of the second Flight III destroyer built at Ingalls.The trials were conducted over several days in the Gulf of America, and tested the ship’s engineering, navigation