A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana told
When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision comes to fruition as Saronic announced a partnership with Hornbeck Offshore Services, Inc.
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona, as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana
“Never before have we witnessed such comprehensive alignment between Republicans and Democrats, industry, and organized labor for rebuilding our great nation’s maritime industry.”Arizona Senator and U.S. Merchant Marine Academy alum Mark Kelly (D-AZ) and Representative John Garamendi (D-CA-08) published an op-ed in Fox News highlighting the momentum to rebuild the U.S.
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%.
On Wednesday, April 22, 2026, the Great Lakes Maritime Task Force (GLMTF) recognized Indiana Senator Todd Young for his commitment to the Great Lakes Navigation System and the nation’s maritime revitalization.“Senator Young understands the importance of U.S. shipping on the Great Lakes with interconnected harbors that depend on each other and a healthy maritime highway.
Marine Group Boat Works (Marine Group), a full-service shipyard based in San Diego, won a Navy Grant to establish a maritime welding program designed to expand the skilled labor workforce supporting the U.S. Navy’s growing shipbuilding and repair demands. Marine Group was awarded this grant because it addresses workforce constraints by increasing the number of highly skilled welders certified to
Danos acquired substantially all assets of Panel Specialists Inc, expanding its technical services in automation and panel fabrication. The move also strengthens Danos’ pressure valve repair services by adding VR and T/O certifications from the National Board of Boiler and Pressure Vessel Inspectors.
Five U.S. unions are calling on lawmakers to pass legislation that would help secure long-term funding to revive domestic shipbuilding, an effort championed by President Donald Trump and boosted by new port fees on Chinese ships.The United States on October 14 is slated to begin collecting fees on China-linked vessels that visit the nation's seaports. While final rules from the U.S.
Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will be dedicated to the installation of two additional docks, and three quays to increase capacity.
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility, the Shenandoah floating production system (FPS). The project will employ production operators, instrumentation and electrical technicians, mechanics, and offshore installation managers. Several employees began work on the platform in 2024.