Maritime Vessels Directory

The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that, we need to look elsewhere and to future programs.Setting the SceneMany column inches have been dedicated to the decline U.S. shipbuilding, whether signaled by the relatively small presence of a U.S.

Icebreaker Construction: Seaspan, Bollinger, Rauma and Aker Arctic Team to Build USCG Icebreakers

3 days ago

In a major move to accelerate the U.S. Coast Guard’s icebreaking fleet expansion, Bollinger Shipyards, Rauma Shipyards, Seaspan Shipyards, and Aker Arctic announced a partnership to deliver next-generation Arctic Security Cutters (ASCs) under the Coast Guard’s multibillion-dollar icebreaker program.The collaboration combines U.S., Canadian, and Finnish shipbuilding expertise to meet the Coast Guard’s urgent Arctic mission requirements. Backed by nearly $9 billion in funding secured under President Trump’s “Big Beautiful Bill”, the effort aims to deliver the first vessel within 36 months of contract award, using a mature, production-ready design.

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

4 days ago

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC), the operator of Blocks B 48/95 and 52/97, on behalf of state-run Petrovietnam. The project marks a key milestone in Vietnam’s push to enhance energy security and offshore infrastructure.The contract includes a firm term of 14 years, with an option to extend for up to nine additional years. The total contract value, including extensions, is estimated at $600 million.

CK Hutchison Deal Deadline Likely to be Extended

4 days ago

CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC, has become politicised amid an escalating China-U.S. trade war.

US Commerce Disorganization Stalls Thousands of Export Approvals

46 minutes ago

Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules, stifled communications with industry representatives, pushed out experts, and lost staff through buyouts and resignations.

Maritime Reporter and Engineering News (June 2025)