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Business & Finance

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Iranian-flagged vessel tries to evade US Navy blockade in Strait of Hormuz
Business & Finance

Iranian-flagged vessel tries to evade US Navy blockade in Strait of Hormuz

The US Navy has tightened its maritime blockade on Iran, expanding naval patrols and reinforcing enforcement across key waterways as part of a rapidly escalating standoff in the region.

about 3 months ago
TKMS and Navantia ink MOU to explore naval cooperation
Business & Finance

TKMS and Navantia ink MOU to explore naval cooperation

German defense giant TKMS has signed a Memorandum of Understanding (MOU) with Spanish shipbuilder Navantia to explore strategic cooperation on naval projects in Europe, NATO, and worldwide.

about 3 months ago
Australian Navy names autonomous systems unit
Business & Finance

Australian Navy names autonomous systems unit

The Royal Australian Navy has formally named the Maritime Autonomous Systems Unit (MASU), marking a new step in the navy’s transition to a more integrated and highly advanced technology‑enabled future force.

about 3 months ago
Shipbuilding majors discuss expanded naval collaboration in Canada
Business & Finance

Shipbuilding majors discuss expanded naval collaboration in Canada

Hanwha Ocean, the South Korean shipbuilding giant, met with Irving Shipbuilding in Halifax for high-level discussions on potential collaboration spanning naval sustainment, workforce development, industrial participation, supply chain development, and facility modernization.

about 3 months ago
Navantia signs maintenance deal for Turkish Navy’s flagship TCG Anadolu
Business & Finance

Navantia signs maintenance deal for Turkish Navy’s flagship TCG Anadolu

Navantia has signed a framework maintenance agreement with the Turkish Naval Shipyards General Directorate (TGM) for Turkish Navy’s amphibious ship TCG Anadolu.

about 3 months ago
TKMS forges new industrial partnership for Canadian Navy’s submarine program
Business & Finance

TKMS forges new industrial partnership for Canadian Navy’s submarine program

German shipbuilder TKMS has signed a teaming agreement with Finkl Steel – Sorel, a member of Swiss Steel Group and a Canadian manufacturer of high-performance forged steel components, aimed at strengthening industrial cooperation in support of Canada’s future submarine capabilities.

about 3 months ago
US Navy to retire USS Boise, redirect funds for new submarine classes
Business & Finance

US Navy to retire USS Boise, redirect funds for new submarine classes

The US Navy has revealed its decision to inactivate the Los Angeles-class attack submarine USS Boise (SSN 764).

about 3 months ago
CENTCOM: US Navy’s Arleigh Burke-class destroyers transit Strait of Hormuz to clear mine threat
Business & Finance

CENTCOM: US Navy’s Arleigh Burke-class destroyers transit Strait of Hormuz to clear mine threat

US naval forces have begun an operation to clear sea mines from the Strait of Hormuz, marking a new phase in Washington’s attempt to reopen one of the world’s most strategically vital waterways after weeks of conflict with Iran.

about 3 months ago
HAVELSAN, VN Maritime and Piloda Defence forge strategic pact for hybrid naval platforms
Business & Finance

HAVELSAN, VN Maritime and Piloda Defence forge strategic pact for hybrid naval platforms

Turkish shipbuilder HAVELSAN has signed a strategic agreement with VN Maritime and Piloda Defence to produce manned, unmanned, and hybrid surface platforms in Italy.

about 3 months ago
Schiebel S-100 UAS wraps up trials for Hellenic Navy
Business & Finance

French Navy orders five additional CAMCOPTER UAVs from Schiebel

The French Navy has ordered five additional CAMCOPTER S-100 unmanned air vehicles (UAV) from Schiebel.

about 3 months ago
UK backs Plymouth as maritime autonomy hub with £50M investment
Business & Finance

UK backs Plymouth as maritime autonomy hub with £50M investment

The UK government has unveiled a £50 million defense investment in Plymouth and the South West, aimed at accelerating maritime innovation and supporting the development of autonomous naval technologies.

about 3 months ago
Damen to build 13 SAR vessels for Turkish Coast Guard
Business & Finance

Damen to build 13 SAR vessels for Turkish Coast Guard

Damen has signed a contract for the delivery of thirteen search and rescue (SAR) 1906 vessels to be operated by the Turkish Coast Guard.

about 3 months ago
BAE Systems, BMT win $163M deal to support Australian Navy’s Anzac-class frigates
Business & Finance

BAE Systems, BMT win $163M deal to support Australian Navy’s Anzac-class frigates

BAE Systems Australia – Maritime and BMT have been awarded the Anzac Class Designer Support Contract (DSC) to sustain and enhance the Royal Australian Navy’s Anzac-class frigates.

about 3 months ago
UK’s warship visits Palau first time in nearly a century
Business & Finance

UK’s warship visits Palau first time in nearly a century

Royal Navy’s offshore patrol vessel HMS Tamar became the first British warship to visit Palau, the fourth smallest country on the planet, in nearly 100 years.

about 4 years ago
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