Maritime Companies Directory

Part of a group of companies that make up Fraser Industries, Fraser Shipyard is a 138-year-old on Lake Superior, an organization which makes equal revenue from newbuild and ship repair, able to work in both steel and aluminum. Recently it signed a collaboration agreement with HD Hyundai to help migrate process and technology from one of the world’s biggest and best shipyard to the shores of Lake Superior. Patrick Kelly, CEO, Fraser Shipyard, discussed the importance of this agreement, as well as the shipyard’s plan to invest in and build the ‘Shipyard of the Future.’There is no shortage of discussion today surrounding the need to rebuild U.S. maritime and shipbuilding capacity.

Kongsberg Maritime is expanding its Elegance Pod propulsion range with the launch of five new sizes delivering up to 22MW, enabling the company to address the requirements of the world’s largest cruise vessels.The new units are being developed to support both today’s and future vessel architectures, including hybrid and fully electric propulsion systems, providing shipowners with greater flexibility as the cruise sector continues its transition towards more sustainable operations.The Elegance Pod’s compact permanent magnet motor enables a smaller pod diameter, reducing hydrodynamic drag while maintaining high propulsion performance.

China's state-owned shipping giant COSCO uses concealed equipment on board its ships to spy on military communications near the coastlines of target nations including the U.S., two senior Trump administration officials said.The officials, who spoke on condition of anonymity to discuss the U.S. assessment of the Chinese program, said COSCO has a decades-long intelligence-collection partnership with Beijing. The arrangement allows China to collect communication signals from vessels and aircraft operating across Europe, North America and Asia, they said.

On the release of a new ABS report “Decision Point: Practical Pathways to 2035” John McDonald, ABS Chairman and CEO, explains: “The industry has entered a new phase. For many years, the discussion centered on identifying a future fuel winner. Today, the challenge is broader. Shipping companies are making investment decisions for assets that will operate into the 2040s, while managing regulatory uncertainty, changing market expectations and evolving technology pathways. Success will depend on making practical decisions that create value under a range of future scenarios.”The report concludes that there is no single pathway for the industry.

Wärtsilä has signed a Lifecycle Agreement with charity organization Mercy Ships International. The contract covers a 5-year renewal of an existing service agreement for the world's largest purpose-built civilian hospital ship, the Global Mercy, and a 3-year service agreement for the organization’s latest newbuild vessel, the Africa Mercy II. Both ships are fitted with Wärtsilä engines. The order was booked by Wärtsilä in Q3 2026.Mercy Ships provides free medical care, including surgeries and medical training, in regions with limited access to healthcare, primarily in underserved local communities across Africa.