HII Delivers 2025 Results
Huntington Ingalls said on Thursday that it had expected free cash flow for the current quarter to be negative, despite beating quarterly profit estimates, sending its shares down 11% at midday.CEO Chris Kastner said on a post-earnings call that the negative cash flow represented use of about $600 million, "as some of the fourth-quarter working capital benefit unwinds".Rising global tensions are driving up demand for Huntington Ingalls' nuclear-powered Columbia-class submarines…
Silicon Sensing Expands Distribution in North America
Silicon Sensing Systems Ltd has extended its distribution agreement with Althen Sensors and Controls Inc. in response to a surge in demand, particularly across North America.The new agreement enhances Silicon Sensing’s global distribution network, which stretches across 15 countries. It will help improve customer access to the company’s gyroscopes, accelerometers, and inertial measurement systems and to product integration services.
Norway Parliament Rejects Challenge to LNG Plant's Power Supply Plan
Norway's parliament on Thursday rejected a proposal to block Equinor's plan to supply electricity to its Hammerfest liquefied natural gas (LNG) plant from the region's power grid, allowing the ongoing development to continue.Opposition parties had sought to revoke the LNG plant's planned link to the power grid, but the motion failed when the Socialist Party withdrew its support for the plan, calling it "in practice unlawful".A total of 48 members of parliament, known as the Storting, backed the
Panama President: Future Port Contracts Will Not Be Issued to a Single Operator
Panamanian President Jose Raul Mulino said on Thursday that the concession of contracts to operate two ports held and operated for nearly three decades by Hong Kong's CK Hutchison Holdings will "never again" be issued to a single company.Panama's Supreme Court last week nullified CK Hutchison's contract to operate two ports along its strategic canal through its Panama Ports Company subsidiary, ruling…
Cuba-Related Tanker Loads Gas Cargo in Venezuela
An oil tanker that has transported Venezuelan fuel to Cuba since April last year finished loading this week a 150,000-barrel cargo of gasoline, a shipping schedule seen by Reuters shows, a possible sign that the OPEC country could be preparing to send supplies to the island under U.S. supervision.As of Thursday, it was not clear yet if the vessel had left Venezuela as it was last spotted by monitoring service TankerTrackers.com in Venezuelan waters on Monday.
Solong Captain Jailed for Six Years Over Crew Member's Death in Stena Immaculate Crash
The captain of a container ship that crashed into a U.S. tanker off Britain's east coast last year was jailed for six years on Thursday for causing the death of a crew member through gross negligence.Russian national Vladimir Motin, 59, was captain of the Portuguese-flagged Solong when it hit the Stena Immaculate tanker, which was anchored and carrying just over 220,000 barrels of high-grade aviation fuel…
Kuwait Oil Co in Talks with US to Develop Shale Resources
Kuwait Oil Company is in talks with some U.S. firms including Devon Energy and EOG on potential cooperation to develop its shale oil and gas resources, its CEO said on Thursday.KOC is "engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources", Ahmad Al-Eidan said on the sidelines of the Kuwait Oil & Gas Show.This would be the first time Kuwait has sought to develop its shale oil and shale gas resources…
Longitude Launches New PSV Design to Target Cost Efficiencies
Design and engineering consultancy Longitude has launched a compact “D-Flex” platform supply vessel (PSV) design, the second design in its IMT Isca series.The D-Flex design is an evolution of the IMT 984 (G-Class) design and a smaller, cost-efficient addition to the series for shipowners that seek long term economic value. The D-FlexThe D Flex is designed as a compact PSV tailored for offshore energy operations in Asia…
NYK Signs Long-Term Charter Agreement for New LNG Carriers with Cheniere
NYK Line, in partnership with Ocean Yield AS, has signed multiple long-term charter contracts for new liquefied natural gas (LNG) carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, Inc., a US LNG producer.The vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be delivered from 2028.The vessels will be equipped with a next-generation X-DF2.1 iCER*…
Saronic Completes Multi-Day Corsair Deployment with 24/7 Operations
Last month, the Saronic team completed a continuous, week-long, day and night test operation designed to push the limits of Corsair, their 24-foot Autonomous Surface Vessel currently under contract with the U.S. Navy.Conducted and funded by the company as part of ongoing independent research and development efforts, this exercise ran 24/7 with the goal of accomplishing two things:Deeply understand how our vessels perform at — and beyond — their operating limits in real-world environments…
SDHI Inks Deal to Build RNO Training Ship
Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, won a defense export order from the Government of Sultanate of Oman to supply a state-of-the-art training ship. The vessel that will support the Royal Navy of Oman’s (RNO) advanced naval training and maritime operations, is expected to be delivered within 18 months.Measuring 104.25 x 13.88m and displacement of up to 3500T…
Fincantieri, WSense Partner on Underwater Monitoring Systems
Fincantieri has signed a strategic agreement with Italian deep-tech company WSense to jointly develop and commercialize advanced wireless technologies for underwater applications, strengthening the shipbuilder’s position in subsea monitoring and protection systems.The agreement covers both the co-development of wireless underwater communication solutions and a commercial framework for deploying the…
Latest BC Ferries’ Island Class Vessel Completes Sea Trials
Damen Shipyards Group announced the completion of sea trials for the latest Island Class ferry for BC Ferries. The seventh Island Class vessel in a series of ten undertook trials during weeks 49 and 50 last year in the Black Sea.Damen is currently constructing four Island Class vessels for the Canadian ferry operator. Upon delivery, the vessels will fulfil an important function, connecting coastal communities along the British Columbian coast…
WCI Confers Leadership Awards
Congressman Chuck Fleischmann (R-TN), Chairman of the House Energy and Water Development and Related Agencies Appropriations Subcommittee, was presented with Waterways Council, Inc.’s (WCI) 23rd Annual Leadership Service Award on February 4, for championing the Nation’s inland waterways and the Chickamauga Lock project. The award was presented at a Capitol Hill reception."Throughout his tenure in Congress…
Longitude Unveils Compact PSV Design Aimed at Cost Efficiency
Maritime design and engineering consultancy Longitude has launched a new compact platform supply vessel (PSV) design D-Flex, aimed at improving cost efficiency for shipowners.The D-Flex PSV is the second design in Longitude’s IMT Isca series and is positioned as a smaller and more cost-efficient addition to the range. The design is an evolution of the operationally proven IMT 984, also known as the G-Class.The DP Class 2 vessel is designed for offshore energy operations in Asia…
Sallaum Lines Adds LNG-fueled PCTC to its Fleet
Global operator of roll-on/roll-off carriers Sallaum Lines has taken delivery of the MV Ocean Legacy, a pure car and truck carrier (PCTC) that has joined its Ocean Class fleet.The delivery follows the recent entry into service of the MV Ocean Explorer and forms part of Sallaum Lines’ Ocean Class program, which focuses on fleet renewal, operational efficiency and lower-emission maritime operations.The…
MacGregor Nets AHC Subsea Crane for Floating Wind Farm Vessel
MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter Floating Wind Farm Construction Vessel (FWCV).Purpose-built for the burgeoning floating offshore wind market, the new vessel is a significant development for the industry and requires one of the largest subsea AHC cranes ordered in recent years.The order is booked into MacGregor's first quarter 2026 order intake.The contract for MacGregor is with Chinese shipyard…
Seabourn Passengers Set Carnival Record
Seabourn Venture became the most southerly ship on the Antarctic Peninsula as she crossed the Antarctic Circle this week, reaching 70° South, the most southerly point in Seabourn and Carnival history.The vessel also achieved the first-ever Seabourn exploration of George VI Sound and toasted with Champagne on the ice at the most southerly point any Seabourn guest has ever reached.“Congratulations to Captain Simon Bishop and his team and Expedition Leader Luqui Bernacchi.
Op | Ed: Stop Studying and Build Ships
Maybe it is a human trait, or maybe a Washington, D.C. trait, but when confronted with a difficult problem with unpalatable solutions, there is usually an impulse to delay the moment of difficult decision by ordering a study. The U.S. merchant marine industry is the poster child for this behavior. The industry has been studied and studied, and is currently being studied, but studies don’t build ships -- shipyards build ships.Going back to the Lynch Committee in 1870, the U.S.
GTT, HD Hyundai Heavy Industries to Advance VLEC Design
GTT announced the signing of a Joint Development Project (JDP) with the shipyard HD Hyundai Heavy Industries focused on a 102,000 m³ Very Large Ethane Carrier (VLEC) featuring GTT’s Mark III Slim membrane containment system. This new project paces the way towards an optimized membrane-tank integration to enhance hull design and vessel’s overall performance.GTT’s Mark III Slim technology, an ethane-optimized cargo containment system…
