Shipbuilding News


USTR Implements Port Fee Proposal

Apr 23, 2025

On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here)…

USTR: New Measures Target Chinese Maritime Sector

Apr 22, 2025

The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance…

Fincantieri, Accenture Launch JV for Cruise, Defense and Ports Digitalization

Apr 10, 2025

Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be owned 70%…

Trump to Push Allies to Conform to Chinese Vessel Fee Plans

Apr 09, 2025

U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U…

US Fossil Fuel, Farm Groups Rail Against Trump Port Fee Plan

Mar 26, 2025

Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans…

Blue or Red, Both Aisles of U.S. Politics Agree on Need to Bolster Shipbuilding

Mar 07, 2025

The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding…

CMA CGM Group Announces $20 Billion Investment in U.S.

Mar 06, 2025

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U…

Performance Shipping Inc. enters sale and leaseback agreement for tank vessels

Mar 06, 2025

Tanker owner Performance Shipping entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. This concludes the financing for all three newbuilding LNG-ready, scrubber…

Lindholm New CEO as Cruise Shipbuilding Major

Mar 06, 2025

Casimir Lindholm has been appointed CEO of Meyer Turku Oy as of May 2025. Lindholm is currently President and CEO of Cargotec Oyj, and he has a long professional career as CEO in different companies such as Eltel and Lemminkäinen.Lindholm succeed Tim Meyer…

Port of Tyne, Artemis Launch Fully Electric Foiling Pilot Boat

Feb 27, 2025

The Port of Tyne has purchased the UK’s first fully electric foiling pilot vessel, a significant milestone for the Port and the UK’s maritime sector. The vessel, scheduled to be delivered before the end of the year, will be used to transfer pilots onto the ships…

USTR Floats $1.5m Charge to Chinese-Built Ships Entering US Ports

Feb 24, 2025

The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors…

Electric Ferry Ampere Marks 10th Anniversary

Feb 17, 2025

Since entering service in 2015, the all-electric ferry MF Ampere has sailed the equivalent of 17 times around the equator on batteries alone.Despite a chorus of critics and skeptics in during the project, a decade later, Ampere continues to showcase the potential of electric technology…

MEGA MACHINES: Manson Prepares to Add “The Bionic Man” of Dredge Vessels

Feb 17, 2025

Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch…

Eskola Named Executive Chair of Meyer Turku Oy Board

Feb 13, 2025

Meyer Turku Oy announced the appointment of Jaakko Eskola as the new Executive Chair of its Board of Directors.“With Jaakko Eskola, we engage a proven professional who has an international maritime background and is well-established in the Finnish industry…

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