DOF Scoops Over $220M for AHTS Vessel Contracts with Petrobras

Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels.The two contracts, with a combined value of more than

Triton Completes MacGregor Acquisition

Triton, a European mid-market investment company, has completed the acquisition of MacGregor from previous owner Hiab, formerly Cargotec.The transaction between Triton and Hiab, first announced in November 2024, was closed on July

Bath Iron Works Wins DDG 51 Destroyer Shipbuilding Contract

General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), said that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract

AI Agents: Like Owning a Pet Tiger

Geoffrey Hinton, the godfather of AI, has compared developing AI agents to owning a pet tiger.Speaking this week at the World AI Conference (WAIC 2025) in Shanghai, Yicai Global reported him saying:

Panama Communities Challenge Canal Expansion Project in Supreme Court

Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable

SAAM Towage Strengthens Fleet With New Tugs for Chile and Peru

SAAM Towage, the largest towage operator in the Americas, has added two new units to its fleet: the SAAM Petrel and the SAAM Charrán. These modern ships, designed by the renowned firm

Surface Navy Association Names New President

The Surface Navy Association (SNA) announced the appointment of retired Vice Admiral Ron Boxall as its new President, succeeding retired Vice Admiral Rick Hunt, who has served in the role since 2019.

Fincantieri Launches “Viking Mira” Cruise Ship

The “Viking Mira," a new cruise ship under construction for Viking, was launched at the Ancona shipyard. The ship is scheduled to debut in spring 2026, offering itineraries in the Mediterranean and

Shipbuilding Played An Important Role in 15% Tariff onSouth Korea

South Korea's shipbuilding industry played "the most important role" in securing an agreement with the U.S. on tariffs, an analyst said on Thursday (July 31).President Donald Trump said on Wednesday (July 30)