Beloit, Wis.-headquartered Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management has entered into an agreement with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include
In a marine industry first move to reduce methane slip, Wärtsilä has partnered with Chevron Shipping Company to convert one engine on each of six Chevron Transport Corporation LNG Carriers from dual-fuel
In an ASX regulatory filing, Australia’s Austal Limited (ASX:ASB) reports that its Austal USA subsidiary has been awarded a $450 million contract by General Dynamics Electric Boat. The contract will enable Austal
In a Senate nomination hearing, Arizona Senator and Navy combat veteran Mark Kelly emphasized the urgent need to strengthen U.S. maritime capacity. During the hearing, Kelly discussed with Lt. General Randall Reed,
The U.S. Department of Justice Department today filed a claim against Grace Ocean Private Limited and Synergy Marine Pvte., the owner and operator, respectively, of the Dali, the containership that struck Baltimore’s
U.K.-based crew transfer vessel specialist Tidal Transit has secured the first charter for its newest vessel, Arabella Jane. The Incat Crowther designed Windflex 27 CTV is now at work supporting operations at
Alabama Shipyard, Mobile, Ala., has been awarded an $11,466,912 firm-fixed-price contract to dry dock and repair the U.S. Army Corps of Engineers trailing suction hopper dredge Wheeler. Bids were solicited via the
Copenhagen-headquartered global towage operator Svitzer has contracted Turkey’s Uzmar shipyard to build a first of its kind battery-methanol tug for delivery in the second half of 2025. The tug will be based
In what could mark a major milestone for the development of U.S. floating wind technology, the U.S. Department of the Interior has announced that it will hold an offshore wind energy lease
Shipbuilding in the United States has significantly declined over the past 75 years. According to Ted Williams, president of Senesco Marine LLC in North Kingstown, R.I., “We are now at a level
