South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S.
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed
At least seven people were killed after part of a boat dock collapsed, sending at least 20 into the Atlantic waters off the coast of the U.S. state of Georgia.U.S. Coast Guard ships were searching on Saturday night for missing people.The accident, which also caused multiple injuries, happened during a celebration of Sapelo Island's tiny Gullah-Geechee community of Black slave descendants
On the second full day of this year’s Passenger Vessel Association’s 2025 Maritrends conference, the weather probably couldn’t have been much nicer; especially when it involved a tour and test ride on the new Artemis Technologies EF-12 Escape.The high-end water taxi, in the process of being introduced to US markets, was everything its creators promised, and perhaps just a little more.
Artemis Technologies, a world leader in commercial efoiling vessels, today released its Future of Sustainable Transit Report.Conducted by accredited third-party research firm, Censuswide, this report features insights from 2,000 Americans on their key grievances regarding public transit and the changes they are hoping to see in their cities when it comes to more sustainable modes of
South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.
The Shearer Group, Inc. (TSGI) has announced a new addition to its naval architecture, marine engineering, and marine surveying firm, Tyler Zylinski. Tyler graduated from Webb Institute with a Bachelor of Science in Naval Architecture and Marine Engineering.During his time at Webb, Tyler interned at TSGI's sister company, BHGI.
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators.
Ingram Marine Group, the largest barge operator on the inland waterways, showcased its operations and planned investments in the bi-state St. Louis region during the opening session of FreightWeekSTL 2025. Hosted by the St. Louis Regional Freightway, the virtual panel session on June 2 featured Dan Lester, Senior Vice President of Business Development at Ingram Infrastructure Group (IIG)