HII announced its Ingalls Shipbuilding division was awarded a $10.5 million contract for the modernization period planning of Zumwalt-class guided missile destroyers, USS Zumwalt (DDG 1000) and USS Michael Monsoor (DDG 1001).Zumwalt-class destroyers…

Fairbanks Morse Defense (FMD) is expanding its naval defense capabilities by offering the nForcer FM 175D engine, the defense contractor's first engine designed for high-speed applications. With more power density than competing high-speed engines in the maritime defense marketplace…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended a six-session losing streak on Monday, as an uptick in capesize rates outweighed losses in panamax and supramax segments.The overall index, which factors in rates for capesize, panamax, and su

Norway's Aker Solutions will upgrade Altera Infrastructure's Petrojarl  Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor's Rosebank field development, offshore the UK. Petrojarl Knarr was built by Samsung…