Aerospace News

U.S. President Donald Trump's policies that have rattled stocks around the world are benefiting Australian shipbuilder Austal, analysts said on Wednesday.Shares of the company, which supplies defence and commercial vessels to the Australian and U.S. navies among other clients, surged 35% in the three months ending March, clocking their best quarterly gains in nearly two years since June 2023.In contrast, the broader benchmark .AXJO lost about 4% on concerns of stretched valuations among financial stocks and the fallout from U.S.

Scottish shipbuilder Ferguson Marine (Port Glasgow) has appointed a Graeme Thomson as its new Chief Executive Officer (CEO).Graeme will officially take up the position on May 1, 2025, following on from former interim CEO, John Petticrew.Graeme joins Ferguson Marine from international aerospace, defense and nuclear engineering services business, Babcock, where he has been Programme Director since 2019, overseeing the delivery of the Type 31 Royal Navy frigate program.Prior to joining Babcock…

Australia is scrambling to deploy new long-range missiles as the recent arrival of powerful Chinese warships off the Australian coast delivers a sharp reminder of Beijing’s growing naval muscle.In a move to boost military firepower, Canberra plans to arm Australian soldiers with anti-ship missiles and advanced targeting radars to protect the country’s vast maritime approaches, according to contract announcements as well as a flurry of recent official speeches and ministerial statements.Two…

Oceaneering International, via its Aerospace and Defense Technologies (ADTech) segment, has been awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system.Oceaneering said it has been down-selected from multiple teams, without revealing any additional details.“We are pleased to have secured this contract with the Department of Defense which, at the time of award, is the largest initial contract value in Oceaneering’s history.“This award demonstrates the cross-industry application of our maritime technology…

In remarks delivered to the National Space Club Florida Committee, Canaveral Port Authority CEO Capt. John Murray outlined the Port’s long-standing historical support of America’s space program in the Cape Canaveral area.“Port Canaveral has been part of space operations since 1956. But, since the end of the shuttle program, we now see a uniquely different space enterprise,” Murray said. “The industry has evolved to include maritime components – support vessels and landing platforms – in at sea recovery operations.

Rolls-Royce Marine North America and Triveni Engineering and Industries have signed a memorandum of understanding (MoU) to explore opportunities to collaborate on programs for 4 MW marine gas turbine generators (GTG) for customers in India. This would include several key areas, including design, development, and manufacturing of the marine GTGs and comprehensive sales and support activities. "Rolls-Royce has a proven track record of powering some of the world’s most advanced naval platforms, including the U.S. Navy's DDG-51 destroyer.

BAR Technologies, a developer of wind propulsion systems and maritime decarbonization solutions, has expanded its team as it gears up for further growth in 2025.The company made 20 new hires in 2024, including new Sales and Marketing team, four Naval Architects, and 13 engineers, following an increase in global demand for its technologies.Among the notable hires is Tom James, who joined as Sales Director in early 2024. A Chartered Engineer and fellow of the Royal Institution of Naval Architects…

German shipyard Meyer Werft has launched the zero4cruise project with project partners including Freudenberg e-Power Systems and the German Aerospace Center (DLR).The project aims to develop climate-friendly and low emission energy systems for cruise ships, focusing on fuel cell technology powered by green methanol.The hybrid energy system will combine PEM fuel cells with a methanol reformer and battery systems to optimize efficiency and ensure ships can operate carbon-neutral…

The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8), and Representative Trent Kelly (R-MS-1) introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries. After decades of neglect, the United States has a weakened shipbuilding capacity, a declining commercial shipping fleet that is dwarfed by China, and a diminished ability to supply the U.S. military during wartime.

The U.S. Department of Labor recovered more than $1.4 million for 36 Mexican engineers employed in San Diego by a subsidiary of General Dynamics Corp., one of the world’s largest defense contractors, that paid them in Mexican pesos below the federal minimum wage rate in violation of the Fair Labor Standards Act.The department’s Wage and Hour Division found National Steel and Shipbuilding Co. one of three shipyards in the Marine Systems group of General Dynamics that designs and builds auxiliary and support ships for the U.S.

The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean have announced a five-year strategic partnership to advance low and zero carbon fuels, energy efficiency technologies and onboard carbon capture.The GCMD was established as a non-profit organization in 2021 founded by BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express and Seatrium. GCMD also receives funding from the Maritime and Port Authority of Singapore (MPA), and bp…

South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.Shares of Dyna-Mac last closed at S$0.65, having climbed 94% year-to-date, LSEG data showed.Hanwha…

The Maritime and Port Authority of Singapore (MPA) led the 16th Joint Oil Spill Exercise (JOSE) on October 11 and tested new oil spill response technologies.Over 100 personnel from 18 agencies and companies participated in JOSE 2024, which included a table-top exercise and a seaward deployment exercise at the Western Anchorage, off Pasir Panjang Terminal.Terminal operators on Jurong Island and Pulau Bukom activated their emergency protocols and deployed craft to spray dispersants. Protective booms were also deployed.MPA also tested new technologies which could support oil spill response.

Korean maritime service company MARCON has secured an approval in principle (AiP) from Korean Register (KR) for its crew transfer vessel (CTV), a passenger and cargo transport vessel dedicated to offshore wind farms.The CTV that received the AiP adopts an eco-friendly hybrid electric propulsion system using batteries.This addresses environmental regulatory issues while also offering fuel cost savings and supporting safer offshore wind farm operations.The key components of the CTV include a hybrid system and energy storage system (ESS) provided by Hanwha Aerospace…

Titan, a ship repair and fabrication company with yards on the U.S. West and East Coasts, on Thursday announced it has appointed Francesco Valente to replace CEO Jim “Marco” Marcotuli, who is retiring after five years leading the company.Valente will lead Titan from its Portland, Ore. headquarters starting on September 23, with Marcotuli taking on a role as a board member and advisor.Valente possesses more than 20 years of experience running business operations globally, having previously served as CEO of Fincantieri Marine Group, the parent company’s U.S.

Electric motor startup H3X on Tuesday announced it has raised $20 million through an oversubscribed Series A round led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, and follow-on investors that include Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures and TechNexus.Denver-based H3X manufactures high power density electric motors for aviation, marine, industrial and defense applications.

Michele Grubbs, vice president at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute (CII), a not-for-profit organization committed to supporting and promoting the business of international trade and the intermodal transportation community.Grubbs has been with PMSA since 2004, overseeing its Long Beach office. PMSA, an independent nonprofit association, represents ocean carriers, marine terminal operators, and the maritime industry on the U.S. West Coast.

With a mission to power the current and next-generation of GPS-enabled products and systems, XONA Space Systems keeps the mantra ‘precision, power and protection’ in all that it does as this 2020-start-up designs, builds and launches its fleet of low earth orbit satellites. We spoke with XONA CEO Brian Manning for his insights on how this could impact the maritime, offshore energy and subsea sectors.The following was excerpted from Maritime Reporter TV’s interview with XONA CEO Brian Manning.

The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according to a government posting.Two of the companies are in China, one in South Africa, two in the United Arab Emirates and one in Britain.Global Training Solutions Limited and Smartech Future Limited, both in China, as well as Grace Air (Pty) Ltd and Livingston Aerospace Limited of the United Kingdom, were added over their…

When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 years later, he transitioned to become chief executive officer of the Pacific Northwest boatbuilder, which constructs aluminum vessels for a diverse set of customers.“The mix changes from month to month, year to year, but the primary areas where our customers sit are state and local law enforcement…

Survitec won a multi-year servicing contract from Sojitz Aerospace, on behalf of the Japanese Maritime Self-Defence Force (JMSDF), to service Submarine Escape Immersion Equipment (SEIE) MK11 suits carried on board its submarine fleet.With this contract, the company sets a new precedent, establishing an in-country servicing capability to accommodate the JMSDF’s SEIE servicing and maintenance requirements through a strategic partnership with Kawasaki head-quartered Marinair Liferaft Co. Ltd.Marinair Liferaft Co.

KR has signed a Memorandum of Understanding (MoU) with Hanwha Ocean, Amogy, and Hanwha Aerospace at Posidonia 2024 for the technical collaboration and certification of ammonia reformers and ammonia fuel cell systems on ships.The ammonia reformers, used to produce gas with hydrogen as the main component and supply it to fuel cell stacks, are essential equipment for the adoption of fuel cell systems, says KR.The MoU encompasses design, development, testing, and certification of ammonia reformers and fuel cell systems.

Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion over several years to focus on innovation and sustainability as new drivers of growth, the company's executive chairman said.The container market hit rock bottom nearly a decade ago before rebounding to record highs during the COVID pandemic as demand for consumer goods, which are carried by container ships, surged.George Logothetis, executive chairman of privately owned U.S.-headquartered Libra Group…