HII Reports Q2 2025 Results

Huntington Ingalls Industries, America’s largest military shipbuilder and a global defense technology provider, announced its second-quarter 2025 financial results, highlighting robust cash generation, strategic progress in AI-driven shipbuilding…

Nexans, Crowley Wind Services to Build Cable Lay Barge for US Ops

French subsea power cable maker and services provider Nexans has formed partnership with Crowley Wind Services to develop and operate a Jones Act compliant cable lay barge. The cable lay barge will

As China's Economy Slows, So Too Does Dry Bulk Shipping

“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and

DHT Secures Post-Delivery Finance for VLCCs

Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho

Hydrofoiling Ferry Could Prevent Seasonal Travel Disruption at Isles of Scilly

Artemis Technologies is leading a feasibility study on the establishment of a new ferry service between Newlyn in Cornwall and St Mary’s in the Isles of Scilly, around 30 miles off the

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

Panama's comptroller general, Anel Flores, said on Wednesday he had filed suit to the nation's Supreme Court against a contract to operate ports near the Panama Canal, held by a local firm

US Hits Iranian Shipping Network with New Sanctions

The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after

KIMM, Natural Resources Canada Sign MoU on Clean Technology Cooperation

The Korea Institute of Machinery and Materials (KIMM), under the National Research Council of Science & Technology (NST), signed a Memorandum of Understanding (MoU) with Natural Resources Canada (NRC) to establish a

Fincantieri Reports Record €57.7B Shipbuilding Backlog

Fincantieri reported a sharp rise in first-half 2025 results, with growth across all segments and a record order backlog that solidifies its position as one of the world’s leading shipbuilders.Revenues reached €4.58