Vancouver Shipyards Co. Ltd.

General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.Operating earnings in the segment climbed even faster, rising 26.4% to $316 million, with operating margin improving to 7.3%.Marine Systems — which includes submarine builder Electric Boat and surface shipyards Bath Iron Works and NASSCO — continues to benefit from sustained U.S.

Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began.Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of it coming via the Strait of Hormuz.The move comes as Japan's recent diplomatic efforts to safeguard energy supplies were disrupted by the war.Earlier in April, the Sohar LNG tanker co-owned by Japan's Mitsui O.S.K. Lines 9104.T and the Mitsui-owned LPG tanker 8031.

A joint letter organized by the American Biofuels Maritime Initiative (ABMI) has been sent to U.S. Secretary of State Marco Rubio ahead of this week's negotiations at the IMO MEPC 84 meeting in London. The effort is aimed at ensuring that global maritime decarbonization also translates into durable new demand for American biofuels and additional income streams for U.S. farmers and rural communities.In the ABMI letter, leading biofuel and agricultural stakeholders urge the Trump administration to champion a global maritime fuels framework that is technology‑neutral, grounded in real‑world affordability and availability, and explicitly open to commercially proven solutions such as ethanol

An LNG tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday.If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28. Adnoc did not immediately respond to a Reuters request for comment.The 136,357-cubic-meter tanker, which is managed by Adnoc Logistics & Services and was last seen in the Gulf on March 30, has shown up off the west coast of India, suggesting it has crossed the Strait of Hormuz after several weeks without signal, according to data from ICIS LNG Edge, Marine Traffic and LSEG.

President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables.The announcement comes a month after French energy giant TotalEnergies reached a similar agreement with the Interior Department to redirect $1 billion from offshore wind leases to U.S. oil and gas production. The deals represent a new strategy in Trump's effort to stymie U.S.