South Korean shipbuilder Samsung Heavy Industries said on Wednesday it won a $1.27 billion (1.34 trillion won) order to build two drillships for an unnamed company based in or near Australia.
The company announced in a regulatory filing obtained by Reuters the contract was expected to be completed by June 2017.
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Department of Homeland Security Secretary Kristi Noem announced today the cancellation of a delayed Legend-class National Security Cutter contract with Huntington Ingalls Industries (HII), resulting in $260 million in taxpayer...
Ukraine's SBU security service said on Tuesday that it had hit the road and rail bridge linking Russia and the Crimean peninsula below the water level with explosives. In a statement, the SBU said it had used 1,100 kilograms (2,420 pounds) of explosives that were detonated early in the morning and damaged underwater pillars of the bridge, a key supply route for Russian forces in Ukraine in the past.
Jim Lawrence, a towering figure in U.S. maritime industry and founder of the Connecticut Maritime Association (CMA) conference, passed away on Sunday after a short illness. Lawrence, who established and...
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