The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday and logged its best month in 2 years propelled by a corresponding rise in capesize and panamax demand.The overall index, which factors in rates for capesize…

Subsea services company DOF Subsea said Friday it had won multiple contracts in the U.S. Gulf of Mexico. The company has received a contract award for the provision of services to "a major operator" in the Gulf of Mexico, starting in the fourth quarter of 2022.

Tom Perrine, Austal USA vice president of engineering, was recognized by the University of Michigan as the 2022 Rosenblatt-Michigan Award recipient. The award is presented annually by the University of Michigan College of Engineering’s Department…

For the first time, a portable laser shock peening system has been developed for and demonstrated in a shipyard environment and on board a U.S. Navy warship to combat aluminum cracking.On June 24, 2022, through a 2020 National Shipbuilding Research Program (NSRP) Research Announcement Project…