April 12, 2023
Weeks Marine’s New Hopper Dredge Goes on Sea Trials

Weeks Marine’s New Hopper Dredge Goes on Sea Trials

A new trailing suction hopper dredge built by Eastern Shipbuilding Group for Weeks Marine has gone to sea trials.The 356-foot R.B. Weeks is the second in a series of two 8,550-cubic-meter-capacity hopper dredges Eastern has built for the New Jersey-based marine construction and dredging contractor…
April 12, 2023
BAE Systems Breaks Ground on Jacksonville Repair Yard Upgrades

BAE Systems Breaks Ground on Jacksonville Repair Yard Upgrades

BAE Systems held a groundbreaking ceremony officially kicking off a program to upgrade its ship repair facility in Jacksonville, Fla.As part of the $200 million modernization, the company will add a Pearlson Shiplift and land-level repair complex…
April 12, 2023
Baltic Dry Index Falls on Lower Vessel Demand

Baltic Dry Index Falls on Lower Vessel Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by lower shipping rates for all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 44 points, or 2.9%
April 12, 2023
MARAD Approves First Ships for Its Tanker Security Program

MARAD Approves First Ships for Its Tanker Security Program

The U.S. Maritime Administration (MARAD) has approved the first vessels for participation in its Tanker Security Program (TSP), a newly created public-private partnership program that makes U.S.-flag commercial product tankers available to support U.S.
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