MAERSK ETIENNE

Spoiler Alert: we already know what to do. Some of it just isn’t physically possible. Help isn’t going to come from South Korea.Just two days following Donald Trump’s historic election victory, positioning him to become just the second U.S. President to be elected twice, in separate, non-following terms, the headlines curiously turned to shipbuilding. Which is a nice thing, since the average American thinks very little about that industry on a daily basis. Digging deeper, it seems that America’s once dominant shipbuilding industry needs help, and the incoming administration thinks that the answers can be found in South Korea.First things first: South Korea does build ships; a lot of them.

HII announced today that it has entered into a definitive agreement to acquire substantially all of the assets of W International SC, LLC and Vivid Empire SC, LLC (collectively “W International”), a South Carolina-based complex metal fabricator specializing in the manufacture of shipbuilding structures, modules and assemblies.Upon completion of the transaction, the manufacturing facility in Goose Creek, South Carolina, will operate within HII’s Newport News Shipbuilding (NNS) division. The site will support the construction of nuclear-powered submarine and aircraft carrier modules and structures for U.S. Navy programs.

China and the Philippines gave conflicting versions on Wednesday of a maritime confrontation around a contested shoal in the South China Sea, the latest row in a longstanding dispute between the neighbours.Chinese coast guard vessels fired water cannons and side-swiped a Manila fisheries bureau boat on the way to deliver supplies to Filipino fishermen in the area, according to Philippines officials, a move that drew condemnation from the United States.The incident follows a diplomatic spat in November after China drew baseline "territorial waters" around the prime fishing patch of the Scarborough Shoal, and submitted nautical charts this week to the United Nations setting out its claim

The Bureau of Ocean Energy Management (BOEM) has announced its approval of the Construction and Operations Plan for the Maryland Offshore Wind project.This is the final approval needed for the project from BOEM following the Department of the Interior’s September 2024 Record of Decision. This significant milestone advances the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030.“I am pleased to announce BOEM’s approval of our nation’s tenth commercial-scale offshore wind energy project. This project will power over 718,000 homes and support almost 2,680 jobs annually over seven years,” said BOEM Director Elizabeth Klein.

A.P. Moller - Maersk has signed agreements with three yards for a total of 20 container vessels equipped with dual-fuel LNG engines.Combined, the vessels have a capacity of 300,000 TEU.All 20 ships will be equipped with liquified gas dual-fuel propulsion systems and vary in size from 9,000 to 17,000 TEU. Two 9,000 TEU and six 17,000 TEU vessels have been ordered from Yangzijiang Shipbuilding, six 15,000 TEU vessels have been ordered from Hanwha Ocean, South Korea, and six 15,000 TEU vessels have been ordered from New Times Shipbuilding, China.With these orders, Maersk concludes the intended owned newbuilding orders announced in the August 2024 update of its fleet renewal plan.