Leonardo DRS, Inc. has secured contracts exceeding $3 billion, subject to full funding, to deliver integrated electric propulsion system products for the U.S. Navy’s Columbia-class submarines. The award reinforces DRS’s…
Overseas Shipholding Group, Inc. reaffirms its commitment to fostering gender diversity in the maritime industry through a $90,000 three-year pledge to the Massachusetts Maritime Academy. The pledge supports undergraduate and…
Sharrow Marine, renowned for its cutting-edge propeller design, unveils a revolutionary extension to its acclaimed Sharrow MX™ Propeller series with the introduction of the Sharrow MX4™. Serving as a 4-blade…
Volvo Penta Introduces Cutting-Edge IPS Professional Platform for Superyachts and Commercial Vessels. Featuring enhancements tailored for larger vessels, the platform was showcased at CES 2024 in a dedicated suite at…
Fairbanks Morse Defense, backed by Arcline Investment Management, secures a purchase order to supply motor-operated valves for the United States Coast Guard’s Polar Sentinel (WMSP-21). This cutter is the inaugural…
Representative Barry Loudermilk (R-Georgia) recently paid a visit to the Yamaha Marine Innovation Center on January 8 in Kennesaw, Georgia. During his tour of the new 75,280 square-foot facility, which…
The global marine propulsion engine market achieved a size of US$37.9 billion in 2022, and its trajectory points towards reaching US$43.7 billion by 2028, reflecting a 2.4% compound annual growth…
MarineMax, Inc., the world’s largest recreational boat, yacht, and superyacht services company, has announced the signing of a definitive agreement to acquire Williams Tenders USA, Inc. The acquisition, slated to…
Seatrec CEO Dr. Yi Chao and Team Celebrate a Prosperous New Year with $1 Million Loan from American Lending Center (ALC), Secured by the State Small Business Credit Initiative. Seatrec…
RecNation Storage, a premier specialist in recreational vehicle and marine storage, has unveiled an exclusive marketing partnership with Camping World & Good Sam, solidifying its top-tier status in the industry.…
The maritime safety system market has witnessed robust growth, set to climb from $19.85 billion in 2023 to $21.18 billion in 2024, exhibiting a 6.7% compound annual growth rate (CAGR).…
Earlier this week, DP World in Posorja, Ecuador, celebrated the inauguration of the first of three pivotal service routes for Maersk. In a recent announcement, Maersk revealed its decision to…