America’s largest military shipbuilding company Huntington Ingalls Industries on Tuesday announced its Technical Solutions division has been awarded a five-year contract with a total value of $273 million to support the U.S. Navy’s carrier engineering …
US Navy Awards Huntington Ingalls Industries $273 Million Maintenance Contract Read More »
World Shipping Council said the legislation unfairly blames carriers for port congestion
US lawmakers propose act to ensure foreign carriers take US exports Read More »
The U.S. Coast Guard has exercised a contract option to award Bollinger Shipyards four additional Sentinel-Class Fast Response Cutters (FRC). This announcement brings the total number of FRCs awarded to Bollinger up to 64 vessels since the program’s in…
USCG Awards Bollinger Four More Fast Response Cutters Read More »
With prices in the ship recycling market staying near record levels of well above $600/LT LDT, some owners, especially from the tanker segment were tempted to cash in. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “prices soa…
Demolition Market Finding Some Footing as Wet Tonnage is Sold Read More »
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year l…
Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt Read More »