Marine software pioneer Greensea Systems Inc. has recently been awarded a contract for a two-year Phase II Option Period by the U.S. Navy’s Office of Naval Research to continue the technology development for an autonomous hull cleaning vehicle.
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Master Boat Builders to Construct New Tug for Suderman & Young
Master Boat Builders, Inc. on Wednesday announced it has executed a contract to build a new tugboat in its Coden, Ala., yard for Suderman & Young Towing Company of Houston, Texas. Master Boat Builders currently has three tugs under construction…
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Fincantieri to Cut Debt, Focus on Core Business After H1 Loss
Italian shipbuilder Fincantieri on Wednesday vowed to lower its debt in the coming months by delivering new cruise ships, after reporting a first half net loss of 234 million euros ($237 million).Chief Executive Pierroberto Folgiero, who took over earl...
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Saipem Confirms Targets After Return to Core Profit
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only…
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Ukraine Working to Prep Black Sea Ports for Grain Exports
Ukraine's navy confirmed on Wednesday that work had started at three Ukrainian Black Sea ports aimed at preparing for the resumption of grain exports."In connection with the signing of the agreement on the unblocking (by Russia) of Ukrainian ports for ...
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Kelleher to Succeed Tivnan as Ardmore Shipping CFO
Tanker owner/operator Ardmore Shipping Corporation on Wednesday announced the planned departure of its current chief financial officer Paul Tivnan and appointment of new CFO Bart Kelleher, effective September 28, 2022.Anthony Gurnee, Ardmore's chief ex...
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Floating Oil Storage Stacks up in the Singapore Strait
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise…
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Attention Turns to Extra Large Unmanned Underwater Vessels
In August, 2021, after years of delays, cost overruns, and rising tensions, the Australian government canceled a A$90 billion order with France’s Naval Group for 12 conventionally powered submarines intended to replace the Royal Australian Navy (RAN)’s...
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From Surface to Subsea to Space: U.S. Navy Shipbuilding Outlook 2022
As a rudderless U.S. Navy debates maritime strategy, fleet futures and platform performance, America’s naval shipbuilding industry can look forward to another year of relative stasis.Barring a major geopolitical incident or unexpected maritime provocat...
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Tech File: Smartgyro Stabilization for Diverse Marine’s Hydronaut Vessels
A new 18-m craft for the Nauticus robotic navy fleet will be fitted with Smartgyro’s SG80 units for roll reduction in manned and unmanned operations.Golden Arrow Marine is supplying Smartgyro SG80 gyroscopic stabilization units to Cowes boatbuilder…
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