Toro News

The U.S. Navy on Friday celebrated the keel laying of the lead ship of the Constellation class of guided-missile frigates, the future USS Constellation (FFG 62), at the Fincantieri Marinette Marine shipyard in Marinette, Wis.Secretary of the Navy Carlos Del Toro and Chief of Naval Operations Adm. Lisa Franchetti participated in the ceremony along with Wisconsin governor Tony Evers and Fincantieri Marine Group CEO Marco Galbiati.Hundreds of FMM shipbuilders gathered with guests inside the shipyard’s massive new climate-controlled Building 34…

Virginia-class submarines, an aircraft carrier and frigates being built for the U.S. Navy are now years behind schedule because of skilled labor shortages, design issues, and supply chain challenges stemming from the pandemic, the Navy said on Tuesday.U.S. Navy Secretary Carlos Del Toro in January ordered a comprehensive review to examine national and local causes of the challenges to shipbuilding with Tuesday's results showing that five classes of ships being built for the U.S.

The United States' Secretary of the Navy, Carlos Del Toro, on Monday hosted executives from major ship repair companies at the Pentagon for a roundtable discussion focused on surface ship repair and modernization initiatives.Navy and Marine Corps leaders have expressed that repair process improvements are critical to meeting the needs of worldwide combatant commanders.“The maritime industry is a strategic sector critical to our economic and national security,” said Secretary Del Toro.

The United States' Secretary of the Navy Carlos Del Toro is directing a comprehensive analysis of the Navy shipbuilding portfolio amid ongoing labor issues and supply chain shortages that have negatively impacted vessel delivery timelines.Del Toro tasked newly-confirmed Assistant Secretary of the Navy for Research, Development & Acquisition (ASN RD&A) Nickolas Guertin and Commander Naval Sea Systems Command Vice Adm. James Downey to conduct the analysis, with an interim progress…

A new council aiming to improve the way U.S. government does business in ship acquisition and ship maintenance convened at the Coast Guard Yard in Baltimore on Thursday.In kicking off the inaugural meeting of the Government Shipbuilders Council (GSC), Secretary of the Navy Carlos Del Toro underscored the council’s mission to address common and singular challenges among those that contract in shipbuilding; identify opportunities to leverage each organization’s resources to maximize government savings in costs…

U.S. Secretary of the Navy Carlos Del Toro on Tuesday called for a “new maritime statecraft” to prevail in an era of intense strategic competition.During remarks at the John F. Kennedy School of Government at Harvard University, Secretary Del Toro stated that maritime statecraft, in a broad sense, encompasses not only naval diplomacy, but a national, whole-of-government effort to build comprehensive U.S. and allied maritime power, both commercial and naval.“Our new maritime statecraft should be bold…

Secretary of the Navy (SECNAV) Carlos Del Toro announced that a future John Lewis-class oiler, T-AO 205-class, will be named after American abolitionist and social activist Harriet Tubman.SECNAV Del Toro made the announcement during an Emancipation Celebration at Harriet Tubman Underground Railroad Visitor Center in Church Creek, Md. National Park Service Director Chuck Sams, who is also a U.S. Navy veteran, joined Secretary Del Toro for the announcement at the park.The future…

Earlier this week, Secretary of the Navy (SECNAV) Carlos Del Toro along with U.S. Representatives Rob Menendez and Mikie Sherrill visited to Bayonne Dry Dock & Repair Corp. (BDD).As the U.S. places renewed emphasis on navy shipbuilding and ship repair, the SECNAV has made it a point to visit to naval bases, shipyards, depots, training ranges, tarmacs, and runways worldwide to witnessed firsthand the progress being made toward improving training, readiness, and modernization of the fleet and force.BDD has provided repair services to vessels ranging from small tugboats to U.S.

Bath, Maine shipbuilder General Dynamics Bath Iron Works on Saturday christened the U.S. Navy’s newest guided missile destroyer, the future USS Harvey C. Barnum Jr. (DDG 124). The ship is named for Col. Harvey C. Barnum, Jr., who received the Medal of Honor for his heroism on the battlefield during Operation Harvest Moon in the Que Son Valley during the Vietnam War.The ceremony's speakers included Gov. Janet Mills, Sen. Susan Collins, Sen. Angus King and Secretary of the Navy Carlos Del Toro, who was the principal speaker. Martha E.

The U.S. Navy's next Pathfinder-class oceanographic survey ship will be named USNS Robert Ballard (T-AGS 67), Secretary of the Navy (SECNAV) Carlos Del Toro announced on Wednesday.The name selection follows the tradition of naming survey ships after explorers, oceanographers and distinguished marine surveyors. Widely known as a discoverer of the final resting place of the R.M.S. Titanic, Dr. Robert Ballard is a retired U.S. Navy Commander, former director of the Center for Ocean Exploration…

Bulk carrier and tanker owner Castor Maritime this week announced plans to spin off its tanker fleet into a new subsidiary called Toro.Nasdaq-listed Castor, which owns a fleet of 20 bulk carriers and eight tankers, said the newly formed Toro would act as the holding company for the tanker fleet comprising one Aframax, five Aframax/LR2 and two Handysize tankers.In the spin-off, Castor shareholders will receive two common shares of Toro for every five Castor common shares held at the close of business on December 6, 2022. Toro has applied to have its common shares listed on the Nasdaq Capital Market. "The transaction is expected to enable each of Castor and Toro to increase its focus on its respective line of businesses…

The U.S. Navy released on Tuesday a climate strategy that aims to make the force more resilient to changes like sea level rise and coastal erosion while moving faster to low-carbon fuels and hybrid engines for ships and planes.The Climate Action 2030 plan, is part of the Biden administration's wider goal of decarbonizing the economy by 2050."By building a climate ready force, our sailors and Marines will be able to fight and win anywhere in the world in any condition," Meredith Berger…

Secretary of the Navy Carlos Del Toro announced that a future John Lewis-class replenishment oiler (T-AO) ship will be named USNS Ruth Bader Ginsburg to honor the former Supreme Court Justice and women’s rights activist.The future USNS Ruth Bader Ginsburg (T-AO 212) will be the first U.S. Navy ship to bear her name.“As we close out women’s history month, it is my absolute honor to name the next T-AO after the Honorable Ruth Bader Ginsburg. She is a historic figure who vigorously advocated for women’s rights and gender equality,” said Del Toro.

“DDG-51 hull form is maxed out in nearly every mission area. Meanwhile, the threat marches on.”Rear Adm. Paul Schlise, director for surface warfareThe U.S. Navy’s highly successful USS Arleigh Burke (DDG 51) surface combatant program is still going strong and growing in capability. Nearly 40 years later, new ships are still being built. But, the navy said, the ship cannot support the systems of tomorrow needed to meet the future threat.“DDG 51 has been in production for over 40 years with basically the same hull we started with in 1985…

San Diego shipbuilder General Dynamics NASSCO christened and launched the future USNS Harvey Milk (T-AO 206), the second ship for the U.S. Navy’s John Lewis-class fleet oiler program.In 2016, General Dynamics NASSCO was awarded the contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers, the John Lewis-class (T-AO 205). The contract calls for the design and construction of six 742-foot-long oilers with a full load displacement of 49,850 tons. Designed to transfer fuel to U.S.

U.S. President Joe Biden intends to nominate Carlos del Toro for secretary of the Navy, the White House announced on Friday.Del Toro is a retired U.S. Navy commander with nearly 40 years’ experience in national security and naval operations, budgeting and acquisition.Over the course of a 22-year career in the U.S. Navy, Del Toro held a series of critical appointments, including Senior Executive Assistant to the Director for Program Analysis and Evaluation in the Office of the Secretary of Defense…

Norwegian multinational energy company Equinor ASA and Argentine power producer YPF Luz have joined for the development of the Cañadón León wind farm in Santa Cruz in Argentina.As per agreement, a subsidiary of Equinor will subscribe to shares in Luz del León. The shareholders of YPF Luz are YPF S.A and an affiliate of General Electric.The agreement establishes that Equinor will have a 50% stake of Luz del León, with an equity contribution of USD 30 million. After the subscription and capital integration, YPF Luz and Equinor will jointly control Luz del León, while YPF Luz will be in charge of the operations of the Cañadón León Wind Farm project.After the completion of the works…

Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output."This place of peace and spirituality…

Vessel sales for September 2015 (as of October 1) as prepared by Shipping Intelligence, Inc., New York.

Reflex Marine continues to expand its global network of Accredited Service Centers with its latest addition, Fano Kran-Service A/S (Fano Kran) located in Denmark. Reflex Marine is a company in marine transfer solutions to the offshore, marine and renewable industries and has largely specialized in crane transfer and offshore access with its two key products, FROG and TORO, driving forward improved safety standards. The company has set new standards and expectations for these industries…

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device primarily for carrying out inter-field transfers. They have already found the device to be an invaluable backup method for when adverse weather conditions result in helicopters being unable to fly. Feedback from Total highlights the devices advancements on Reflex Marine’s original FROG-3, previously supplied by the crew transfer company.

The crew of the Coast Guard Cutter Thetis, a 270-foot medium endurance cutter based out of Key West, Florida, is scheduled to return to homeport Tuesday at 11:45 a.m. following a 59 day patrol in the Caribbean Sea. During a patrol off the coasts of central and South America, the crew of the Thetis worked in conjunction with multiple countries and partner agencies to slow the flow of illegal drugs into the United States. The unified effort resulted in the interdiction of a suspected drug smuggling vessel transporting approximately 600 kilograms of cocaine, worth an estimated wholesale value of $19 million. During the interdiction, the Thetis utilized its embarked armed Coast Guard helicopter to stop the vessel.

From countries across the globe, including Australia, Canada, the U.S. and Europe, more than 500 exhibitors will be at Seawork International, the commercial marine exhibition and conference, opening on Tuesday, June 10 for its annual three-day run in the ABP Port of Southampton, U.K. More than 7,000 visitors are expected to attend Seawork, which will feature products and services relevant to every sector of the commercial marine industry, including offshore wind farm construction and maintenance…