Tag: maritime industry
7 articles
Hyundai and Kiewit Launch US Shipyard Venture
HD Hyundai and Kiewit Maritime Co. are joining forces to launch HD Kiewit Shipbuilding LLC, a game-changing US shipbuilding venture that will deliver cutting-edge naval vessels and commercial ships. This strategic partnership marks a major milestone in HD Hyundai's mission to become a trusted leader in the US shipbuilding industry.
Anduril Bolsters US Submarine Production with New Baltimore Facility
The White House is backing a $6.6 billion initiative to boost US submarine production, with Anduril leading the charge by opening a massive new facility in Baltimore that will manufacture critical components for Virginia class nuclear-powered attack submarines. This move is set to revitalize American maritime dominance and create new opportunities in communities across the country.
Allies' Shipbuilding Push Sparks Coordination Challenge
Japan's government is breathing new life into its shipbuilding industry with a fund that's sparking a wave of private investment, and now other countries are taking note. The US, which currently holds a mere 0.1% of the global shipbuilding market, may need to step up its game to stay competitive.
US Navy Eyes Fifth Public Shipyard to Support Expanding Fleet
The US Navy is setting its sights on building a fifth public shipyard to keep up with its rapidly expanding fleet, and ensure that multi-trillion dollar investments pay off with long-term maintenance and support. This move is a practical response to the administration's ambitious plan to dramatically increase the Navy's inventory.
Fincantieri Explores Nuclear-Powered Vessel Design Amid Italian Naval Plans
Fincantieri is proactively exploring nuclear-powered vessel design, driven by CEO Pierroberto Folgiero's bold vision to accelerate innovation and lead the charge in sustainable maritime solutions. The shipbuilder is actively engaging with cutting-edge nuclear technology, including third- and fourth-generation reactors.
Chinese Hackers Exploit Middle East War to Target Energy, Maritime Firms
Chinese-aligned hackers are intensifying their attacks on maritime and energy companies in the Gulf region, exploiting the Middle East conflict to expand their espionage operations and gain a strategic advantage for Beijing. This alarming surge in cyber threats has been flagged by cybersecurity researchers at ESET.
Austal USA Appoints Gene Miller as President
Austal USA has officially appointed Gene Miller as its President, solidifying its leadership team and charting a course for continued success. With his extensive experience and proven track record, Miller is poised to drive Austal USA forward, building on the momentum established during his interim presidency.