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Fincantieri Marinette Marine (FMM) appointed former U.S. ambassador to Norway and the 77th Secretary of the Navy, Kenneth J. Braithwaite, as Chairman of their Board of Directors. Braithwaite brings a career in defense and public service to the role, as well as deep Navy ties. He is a 1984 graduate of the U.S. Naval Academy and earned a master’s degree from the University of Pennsylvania. His active naval service included time as a naval aviator flying anti-submarine missions in the Pacific and Arctic…

Sabine Surveyors, Ltd. has announced organizational changes aimed at strengthening its position in the marine services industry. Effective December 1, 2025, our parent company has transitioned from Gulf Copper & Manufacturing Corp. to Sabine Marine Group.In addition, Gulf Copper Government Services has officially become Sabine Ship Repair, Inc., aligning our operations under a unified brand that reflects our core values and strategic vision.As part of this transition, we are proud…

German warship builder TKMS expects to decide in the next few weeks on whether to buy neighbouring shipyard German Naval Yards Kiel (GNYK), its CEO Oliver Burkhard said on Monday, as the group considers expansion to meet rising demand.TKMS, which was spun off from parent Thyssenkrupp in October, already bought insolvent shipbuilder MV Werften in 2022, and a purchase of GNYK would further increase its capacity at a time when governments boost defence spending.Talks with GNYK, which is owned by France-based shipping group CMN Naval…

Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift follows the Navy’s overhaul of its force-structure plans and aligns with new priorities aimed at accelerating next-generation ship designs and revitalizing segments such as icebreakers, amphibious platforms and special-mission vessels.Fincantieri…

Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home.Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising demand amid the global boom in artificial intelligence, as part of the parent group's 450 trillion won ($310.79 billion) investments at home over the next five years…

ABS Wavesight™, the ABS-affiliated software-as-a-service (SaaS) company, brought together customers for two days of interactive sessions to hear the latest product updates, strategic initiatives and best practices for optimizing the user experience with the full portfolio of ABS Wavesight software.“For more than 25 years, our user summit has been the anchor point for unveiling our latest innovations and connecting with the maritime software community to shape what’s next. I’m proud to highlight our most recent product…

Warship builder TKMS rode a global defence boom to reach a valuation of 6.3 billion euros ($7.35 billion) in its blockbuster stock market debut on Monday, surpassing that of parent and main shareholder Thyssenkrupp.The listing of TKMS is the German conglomerate's latest move to simplify its structure and take advantage of growing demand for defence assets.Shares in Thyssenkrupp, which will keep a 51% stake in TKMS after the spin-off, were down 19% at 1109 GMT, reflecting the transfer of the stake in the naval vessel business…

China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.The move, announced on Tuesday when the U.S. and China began charging additional port fees targeting each other's vessels, comes ahead of an expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping in late October to resolve…

Spanish-based Molgas Energy Group, backed by infrastructure investor InfraVia, has finalized the full acquisition of Titan Energy Holding, parent company of Dutch liquefied natural gas (LNG) bunker supplier Titan Clean Fuels.The transaction, which follows Molgas’ initial 45% minority stake, marks a major step forward in the group’s strategic growth in the clean marine fuels sector.Titan is an independent supplier of liquefied biomethane (LBM/bio-LNG) and LNG, serving both maritime and industrial customers.Its fleet of small-scale bunkering vessels operates across key global markets…

TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.TKMS, which makes submarines, frigates as well as sensor and mine-hunting technology, has more than tripled its order backlog in five years. It now stands at 18.6 billion euros ($21.8 billion) as governments around the world beef up warship fleets.In the medium term…

Rheinmetall has agreed to buy Luerssen Group's warship division, NVL, as the German defence group seeks to expand in Europe and tap increased military spending across the continent.The move announced on Sunday by Rheinmetall, Europe's biggest ammunition maker, comes as a long-awaited consolidation in Germany's naval sector picks up speed, with submarine and frigate maker TKMS to be spun off from parent Thyssenkrupp next month.It also highlights Rheinmetall's ambitions to grow in Europe…

The Dominican Navy has received its second 85’ x 19.5’ welded aluminum Near Coastal Patrol Vessel (NCPV), built by Louisiana-based boat builder Metal Shark.Christened ARCTURUS CG-114 in keeping with the Dominican tradition of naming military vessels after constellations and celestial bodies, the new patrol craft was built at Metal Shark’s Franklin, Louisiana shipyard and officially incorporated into the Dominican Navy during a ceremony at the Port of Sans Soucí on August 31st.

The Oil Companies International Marine Forum (OCIMF) celebrated the first anniversary of SIRE 2.0, its updated and enhanced Ship Inspection Report Program.Since its launch on September 2, 2024, following a gradual roll-out to industry to replace the paper-based SIRE (VIQ7) program, over 22,000 SIRE 2.0 inspections have been completed worldwide. SIRE 2.0 inspections have been conducted in 2,100 ports by 460 SIRE 2.0 accredited inspectors, with only 0.2 percent of inspections having…

“In a global marketplace, supply and demand in one area of the world can greatly impact the agricultural production in another. American products are shipped worldwide …” is how the U.S. Department of Agriculture (USDA) describes the backdrop for international trade. The inland and coastwise waterway systems serving the United States (where agricultural cargoes are an important component) are sometimes regarded as insular highly specialized marketplaces. However, they are indeed elements of much larger trading networks that are influenced by global economic…

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.Speaking at the airport before departing for Washington, Koo said he would propose at Thursday's meeting a "program" South Korea had prepared and consult on areas where they could cooperate in the mid-to-long term, such as shipbuilding.South Korea's Hanwha Group…

South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S. shipbuilding industry a priority to keep up with China, has repeatedly raised the idea…

Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook parent Meta, Amazon.com and Microsoft if they have adopted adequate safeguards to address growing national security concerns on submarine communications cables.Washington has been raising alarm about the network of more than 400 subsea cables that handle 99% of international internet traffic and about threats from China and Russia.The letter raised concerns that entities affiliated with China "such as SBSS…

The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company."The transaction to sell our West of Shetland asset to Prax has not yet completed and as such we remain the operator of the Shetland Gas Plant and related fields," TotalEnergies EP UK said in its statement.TotalEnergies had agreed to sell Prax a portfolio of mature offshore fields producing about 7…

Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday.Danske Commodities' Chief Financial Officer Jakob Sorensen, who joined the company 20 years ago as a power trader, will take over as new CEO as of September 1, it said in a statement.Kristiansen replaces Helge Haugane who in April was named head of a new Equinor business area formed by the group's power assets.Danske Commodities, which specialises in power and gas trading, is active in more than 40 countries, including Australia,

Denmark-based chemical and product tanker operator Uni-Tankers reported solid financial performance for the 2024/25 fiscal year, posting a net profit of $39.5 million and a 24.4% increase in revenue, bolstered by fleet expansion, strong contract performance, and continued investment in digitalization and decarbonization.CEO Per Ekmann called the results a confirmation that the company’s long-term strategy is delivering consistent value. “It has been four years since we completed our turnaround, and for the past three years we’ve reported steady profits.

Tugboat and towboat owners across the nation eye fuel efficiency and emission reduction technologies and techniques in advance of increasingly stringent regulations.he first half of 2025 has seen a great deal of attention on emissions from vessels, with an eye towards their continued reductions in the coming years. Mid-April saw the International Maritime Organization (IMO)’s much anticipated Maritime Environment Protection Committee’s MEPC 83 meeting participants lay out plans for reduced greenhouse gas emissions in the coming years…

Staff of the Federal Emergency Management Agency were left baffled on Monday after the head of the U.S. disaster agency said during a briefing that he had not been aware the country has a hurricane season, according to four sources familiar with the situation.The U.S. hurricane season officially began on Sunday and lasts through November. The National Oceanic and Atmospheric Administration forecast last week that this year's season is expected to bring as many as 10 hurricanes.The remark was made by David Richardson, who has led FEMA since early May.

Japanese insurer Tokio Marine 8766.T has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told Reuters.The new unit, Tokio Marine GX, will provide advisory and risk transfer services to companies across a range of sectors looking to decarbonise, and build on the existing work of its GCube renewable energy team, Fraser McLachlan said.TMGX…