The U.S. Attorney’s Office for the Eastern District of Louisiana reports that eight more individuals have been indicted in the long-running case involving a test score-fixing scheme at the U.S. Coast Guard’s
Move over Facebook, Amazon, Netflix and Google, you’re currently being outperformed financially by the ocean carrier giants. Actual net income for the container shipping industry in third quarter 2021 was $48.1 billion,
Houma, La.-based shipbuilder Thoma-Sea Marine Constructors LLC has awarded Siemens Energy a contract to supply power, propulsion, and control systems, along with battery storage technology, for the two research vessels on order
Houston-headquartered Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) reports the signing of a $92.5 million dredging contract for the Houston Ship Channel Widening and Improvement Project 11. This is the first
Wärtsilä’s exhaust treatment business unit, based in Moss, Norway, has launched a new series of exhaust gas scrubbers, the IQ Series. The series has an innovative design that allows the same exhaust
Huntington Ingalls Industries (NYSE:HII) reports that its Ingalls Shipbuilding division has received a contract modification from the U.S. Navy for $113.6 million to enable long-lead-time material and advance procurement activities for amphibious
The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050. This is in line
A groundbreaking ceremony was held today to mark the start of construction of Vineyard Wind 1, the first large-scale offshore wind farm in the U.S. The project will be 25 times the
Following a fleet renewal program that has increased the size of its fleet, the Great Lakes Towing Company is expanding its harbor towing and ice breaking services to Sturgeon Bay, Wisconsin. The
The world’s first all-electric autonomous containership, Yara Birkeland has completed its maiden voyage in the Oslo Fjord. The 120 TEU vessel will be used by Norwegian fertilizer giant Yara to transport mineral