U.S. private equity firm Cerberus will acquire for $300 million a debt-laden shipyard in the Philippines at a former U.S. navy base close to the South China Sea, the facility's trustee and two sources with knowledge of the deal said on Tuesday.The…

ClassNK signed a Memorandum of Understanding (MOU) with PowerX, Inc. (PowerX) for a collaboration on the development of the Power Transfer Vessel (Power ARK).PowerX is carrying out a project of the first model of the Power ARK series, which…

Somerset, Mass. shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation said it has won a contract to build a new high-speed, harbor pilot boat for the Virginia Pilot Association.Scheduled for delivery in mid-2023, the new vessel will be…

Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry…