Topic
shipbuilding
36 stories related to this topic, newest first.
sfist.compolitics11 hrs ago
Saronic Selects Brownsville for $3 Billion Port Alpha Shipyard
Autonomous vessel maker Saronic chose the Port of Brownsville, Texas, for its new shipyard after a yearlong search. The project carries projected economic benefits for the region and follows recent combat use of the company's Corsair boats.
forbes.combusiness4 days ago
JPMorgan Chase Provides $24 Million for Submarine Facility at Philadelphia Navy Yard
The investment will fund a new manufacturing site expected to create 450 jobs and expand training programs. It comes amid broader efforts by companies to address shortages in skilled trades for shipbuilding and other sectors.
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cnbc.comfinance5 days ago
Bank commits $24 million to Philadelphia shipyard projects
JPMorgan Chase will provide $24 million for a submarine facility and local maritime businesses. The funds form part of a larger financing program focused on defense-related industries.
gcaptain.comworld6 days ago
Navy Awards $2.2 Billion Contract for Medium Landing Ship Construction
The Navy awarded TOTE Services LLC a $2.2 billion contract to manage construction of up to eight Medium Landing Ships. The first vessel is scheduled for delivery in fall 2029.
South China Morning Postworld8 days ago
China's Long March-10B First-Stage Booster Caught by Net on Sea Platform
The Long March-10B first stage returned vertically and was caught by a net on the Linghangzhe platform. South China Morning Post reported the feat on Sunday following the Friday launch.
ukdefencejournal.org.ukworld11 days ago
Damen Shipyards Designs Amphibious Ships Under UK-Netherlands £2.4 Billion Deal
@business reported that Dutch shipmaker Damen Shipyards is developing designs for new amphibious transport ships. The vessels form part of a £2.4 billion ($3.2 billion) agreement between the UK and the Netherlands.
Yonhapworld12 days ago
U.S. Navy seeks information from South Korean shipbuilders on destroyer and replenishment ship capacity
Major South Korean shipbuilders have received formal requests for information from the U.S. Navy on their ability to design and build destroyers and medium-sized fleet replenishment ships. The requests follow a bilateral agreement allocating $150 billion for shipbuilding cooperat…
Yonhapworld13 days ago
U.S. Requests Information on South Korean Shipbuilders' Naval Capacity
The United States has sent requests for information to three major South Korean shipbuilders about their ability to construct naval vessels. The companies provided details on design capabilities and production capacity last month.
business13 days ago
South Korean shipbuilder ends Hamilton training partnership after losing submarine contract
Hanwha Ocean is withdrawing from a planned shipbuilding training hub in Hamilton after Canada selected a German firm to build new navy submarines. The remaining Canadian partners say they will continue the project without the South Korean company.
upi.comworld19 days ago
Hanwha Ocean Selected as Preferred Bidder for South Korea Navy Destroyer Project
Hanwha Ocean Co. was chosen to lead construction of six next-generation destroyers valued at 7.8 trillion won. The company prevailed over rival HD Hyundai Heavy Industries Co. in the Korea Destroyer Next Generation program.
New York Postworld23 days ago
Senator says U.S. shipbuilding trails China by wide margin
A Republican senator stated that U.S. shipyards build vessels far slower than Chinese yards and that waterfront redevelopment has reduced domestic capacity. The senator linked the slowdown to decades of under-investment and called for renewed focus on the maritime industrial base…
oneindia.compolitics28 days ago
Washington Times Event to Examine U.S. Naval Shipbuilding and Unmanned Systems
The Washington Times Threat Status team will host a forum Wednesday at the U.S. Navy Memorial on naval modernization, shipbuilding budgets, and unmanned maritime systems. The event coincides with a proposed $65.8 billion Navy allocation in the fiscal 2027 budget.
en.antaranews.comworld32 days ago
Navy receives new 3,600-ton frigate after sea trials
A new Ulsan-class frigate was handed over to the Navy on Friday after completing sea trials. The vessel will undergo six months of training before entering operational service.
koreaherald.comworld43 days ago
Samsung Heavy Industries signs 3.65 trillion-won contract for floating LNG facility
Samsung Heavy Industries Co. signed a final contract Monday to build a floating liquefied natural gas facility for an undisclosed client in Africa. The deal is valued at 3.65 trillion won, or about $2.38 billion, with delivery scheduled for 2028.
The White Housepolitics45 days agoSourced
White House Commits to Expand Ocean Resource Access and Rebuild Shipbuilding
President Trump issued a message marking National Ocean Month that outlines his administration's priorities for oceans policy. The statement directs expanded access to ocean resources, accelerated rebuilding of U.S. shipbuilding capacity, and maintenance of American maritime domi…
finance.yahoo.comfinance57 days ago
Saronic Expands Louisiana Shipyard for Autonomous Naval Vessel Production
Saronic Technologies is converting its Franklin, Louisiana shipyard into a production site for autonomous surface vessels. The company secured a Navy contract and closed a $1.75 billion funding round in March.
Defense Newsworld67 days ago
U.S. Navy Shipbuilding Plan for Fiscal 2027 Includes Consideration of Foreign Yards
The Navy's new plan, released Monday, outlines the possibility of manufacturing ships at foreign shipyards as the service confronts capacity shortfalls. Lawmakers from both parties pressed Navy leaders on the proposal during a House Armed Services Committee hearing Thursday, stre…
koreaherald.comworld68 days ago
Samsung Heavy Industries Wins 750.5 Billion Won Order for Two LNG Carriers
Samsung Heavy Industries Co. announced a 750.5 billion won (US$504 million) contract to build two liquefied natural gas carriers for an unidentified client in Oceania. The ships are scheduled for delivery by June 2029. The order brings the company's total deals secured so far thi…
ukdefencejournal.org.ukfinance68 days ago
Babcock Reports £140m Remedial Costs on First Two Type 31 Frigates
Babcock International said the first two vessels, HMS Venturer and HMS Active, are out of sequence due to identical mistakes, pushing cumulative losses on the programme above £300 million. Both ships have been floated for fitting out while the company absorbs the overrun under it…
Defense Newsworld68 days ago
Davie Defense Awarded $3.5 Billion Contract for Five Arctic Security Cutters
U.S. shipbuilder Davie Defense Inc. finalized a contract with the U.S. Coast Guard to build and deliver five Arctic Security Cutters. The vessels will be constructed at facilities in Texas and an affiliate shipyard in Helsinki, Finland. The first cutter is scheduled for delivery…
koreaherald.comworld68 days ago
South Korean President Visits Shipbuilder in Ulsan, Pledges Industry Support
President Lee Jae Myung toured the headquarters of HD Hyundai Heavy Industries, the world's largest shipbuilder, on May 13, 2026. He inspected liquefied natural gas carriers under construction for export and received a briefing on order intake and global market conditions. A spok…
The Independenttechnology69 days ago
Babcock Reports £140 Million Charge on Royal Navy Frigate Contract
Babcock said it recorded a £140 million charge related to design changes and late-stage reworks on its Type 31 frigate programme for the Royal Navy. The company is building five frigates at its Rosyth shipyard in Fife. Revenues rose in the year to the end of March but underlying…
Substrate placeholder — needs reviewworld69 days ago
South Korea Proposes Plan to Strengthen Shipbuilding Industry
The government on Wednesday proposed three strategies to make South Korea the global leader in shipbuilding. The plan includes investments totaling over 2 trillion won in new technologies, an AI-powered shipyard and autonomous vessels. Officials cited growing global demand for ma…
interestingengineering.compolitics69 days ago
Trump-class Battleship to Use A1B Nuclear Reactor From Ford Carrier
The Navy confirmed the new nuclear-powered battleship will incorporate the A1B reactor, steam generators and related components from the Gerald R. Ford aircraft carrier. Chief of Naval Operations Adm. Daryl Caudle told a House panel the design draws on Ford-class technology for p…
thehindu.compolitics69 days ago
U.S. Navy Plans To Build 15 Nuclear-Powered Trump-Class Battleships
The U.S. Navy intends to construct 15 Trump-class battleships over 30 years as part of its 2026 shipbuilding plan. The vessels will feature nuclear propulsion and are designed for extended endurance, high speed and advanced weapons systems. The first ship is expected in 2036 as t…
thehindu.compolitics70 days ago
U.S. Navy to Use Nuclear Propulsion in New Battleships
The Navy announced plans to build 15 nuclear-powered Trump class battleships between fiscal years 2028 and 2055 at an estimated $17 billion each. The decision reverses the service's position from just four weeks earlier when officials described nuclear propulsion as unlikely.
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koreatimes.co.krpolitics70 days ago
US Navy Plans to Buy at Least 15 Next-Generation Battleships Over Next 30 Years
The US Navy released its congressionally mandated long-range shipbuilding plan on Monday, expanding from a previous commitment of three Trump-class battleships to at least 15 over the next 30 years. The first vessel is scheduled for delivery in 2036 at an estimated cost of at lea…
Forbesfinance73 days ago
U.S. Navy Adjusts USS Enterprise (CVN-80) Delivery to March 2031 as Construction Passes 50% Completion
The future USS Enterprise (CVN-80) delivery has slipped eight months from July 2030, while the future USS Doris Miller (CVN-81) faces at least a two-year delay. Huntington Ingalls Industries reported progress on both carriers during its May 5, 2026 quarterly call even as the USS…
koreaherald.comworld73 days ago
South Korea and U.S. Sign Agreement on Shipbuilding Cooperation
South Korea and the United States signed a memorandum of understanding on May 8 to establish the South Korea-U.S. Shipbuilding Partnership Initiative. The pact aims to strengthen cooperation in commercial shipbuilding, workforce development, industrial modernization and maritime…
koreaherald.comworld74 days ago
HD KSOE Lands $1.4 Billion in Ship Orders, Reaching 46.4% of 2026 Target
HD Korea Shipbuilding & Offshore Engineering Co. won contracts on May 8, 2026 to build six container ships and two very large gas carriers. The deals bring the company's 2026 orders to $10.81 billion for 94 vessels. HD KSOE, a unit of HD Hyundai Co., also reported strong first-qu…
koreaherald.comworld78 days ago
HD KSOE Secures 505 Billion-Won Order for Three Very Large Gas Carriers
HD Korea Shipbuilding & Offshore Engineering announced a 505 billion-won deal to build three very large gas carriers. The vessels are scheduled for delivery by the end of 2029 to an unidentified customer. This order contributes to the company's achievement of 40 percent of its an…
news18.comworld85 days ago
Hanwha Ocean Q1 Net Profit Rises 131.8% to 500 Billion Won on LNG Carrier Growth
Hanwha Ocean Co. reported a first-quarter net profit of 500 billion won, up 131.8 percent from the previous year, driven by high-value LNG carrier projects. Operating profit reached 441.1 billion won, exceeding estimates. The company secured $2.45 billion in new orders, including…
koreaherald.comworld89 days ago
U.S. Navy Secretary John Phelan Ousted Amid Pentagon Clashes and Iran Tensions
U.S. Navy Secretary John Phelan has been removed from his position effective immediately following disputes with top Pentagon officials. The departure occurs amid the ongoing war in Iran and administration efforts to expand U.S. shipbuilding, including the Trump Class battleship…
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koreaherald.comworld90 days ago
Hanwha Group Signs MOU with Alberta Government on Energy, Defense and Shipbuilding
South Korea's Hanwha Group has signed a memorandum of understanding with Canada's Alberta provincial government to explore investments in energy, defense and shipbuilding. The agreement, signed in Edmonton on April 21, 2026, ties into Hanwha's bid for a major Canadian submarine p…
koreatimes.co.krworld91 days ago
HD Hyundai Signs MOU with Indian Entities for Joint Shipyard Venture
South Korea's HD Hyundai Co. has partnered with Indian government-backed companies to establish a joint shipbuilding venture in India. The agreement, signed during a bilateral summit, positions HD Hyundai as the largest shareholder in a digital-focused shipyard. Plans include tra…
Defense Newsworld91 days ago
Anduril and HD Hyundai Start Production on First Autonomous Surface Vessel
Defense technology firm Anduril and South Korea's HD Hyundai have begun constructing their first autonomous surface vessel after completing a critical design review. The vessel is slated to enter the water in October 2026 for testing off the U.S. coast. The partnership includes U…