Hanwha Makes $1.2B Offer for Austal USA

Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American

Vietnam Starts Construction of Largest Domestic Anti-Submarine Frigate

Vietnam has begun construction on what it describes as the country's largest and most advanced domestically made anti-submarine frigate, a military-owned newspaper reported.The vessel, being built at the defense ministry's Song Thu

Hanwha Makes Offer for Austal USA

Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American

Ship Spotter: Training Ship State of Maine

Training Ship State of Maine, the third of five National Security Multi-Mission Vessels built for the U.S. state maritime academies, seen at Maine Maritime Academy in Castine, Maine.

Lockheed Martin Awarded Combat Systems Contract for Australian Submarines

The Australian Submarine Agency (ASA) has awarded Lockheed Martin a two‑year AUD$26.5 million ($18.7 million) contract to create a sovereign Combat Systems Integration (CSI) capability for Australia’s future Virginia‑class submarines under the…

US Sells Seized Tankers for Scrap

The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington's raid on Venezuela, Lloyd's List reported on Monday.Dubai-headquartered vessel recycling firm Global Marketing

US Officials Work to Close Supply Chain Gaps as Foreign Investment Grows

U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet

Trump’s Revised Jones Act Waiver Gets Mixed Reception

President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in

WireCo Appoints Luis Padilla as Chief Operating Officer, North America

WireCo® has appointed Luis Padilla as Chief Operating Officer, North America, reporting to Chief Executive Officer Keith White.Padilla will lead WireCo’s North American business, with responsibility for advancing operational performance, manufacturing excellence