Tuesday, December 09, 2025
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Saronic

Saronic Secures $392M Unmanned-Vessel Contract From the U.S. Navy

Published Dec 8, 2025 10:08 PM by The Maritime Executive

  Autonomous vessel company Saronic has secured a U.S. Navy production contract worth $392 million for its Corsair unmanned vessel, a 24-foot speedboat with a 1,000-pound payload. It is the entry point for an ever-growing series of vessels in the startup's lineup, which extends from a six-foot mini-drone up to an 180-foot aluminum vessel capable of carrying containerized payloads. The contract was first reported by DefenseScoop in August, but the announcement provides additional details. "With Saronic, we went from...

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CATL

CATL Expects Oceangoing Battery-Electric Vessels Within Three Years

Published Dec 8, 2025 8:17 PM by The Maritime Executive

  Leading battery-maker CATL is already big in the business of electric vessels, thanks to burgeoning interest from China's domestic operators, and it believes that the market is only going to get bigger. At Marintec last week, the head of the company's marine division predicted that ocean-going electric vessels will be plying the seas within three years - defying green-fuel technologists who say that battery-electric designs lack the power density needed for transoceanic voyages. CATL makes more lithium-ion batteries than...

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COSCO containership

COSCO Goes Big with $7B Order for 87 Ships in Vessel Renewal Project

Published Dec 8, 2025 7:14 PM by The Maritime Executive

In an industry familiar with large orders, China’s COSCO Shipping has nonetheless drawn attention with reports that it signed an order that will see the company build 87 new vessels across all segments of its fleet. China State Shipbuilding reports the order is valued at approximately $7 billion, although it cautions in a stock exchange filing that the final terms will evolve as the projects proceed. Chinese media is reporting that it is the largest ever order placed...

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Keel authentication

Austal USA Holds Keel-Laying for its First Offshore Patrol Cutter

Published Dec 8, 2025 6:09 PM by The Maritime Executive

  On Monday, Austal USA laid the keel for the future USCGC Pickering, the first vessel for the yard's Offshore Patrol Cutter contract for the U.S. Coast Guard. The service has executed options for six hulls, and the contract provides for as many as 11 vessels.  The OPC will provide a replacement for the service's medium-endurance cutters (WMECs), many of which are well past their planned service lives. The new vessel class has been a long time coming, and Austal...

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MORE STORIES BY CATEGORY

Offshore

offshore wind farm installation

Judge Vacates Trump’s Order Stopping Review and Approval of Wind Farms

A U.S. federal judge found for the states in a complaint filed against the Trump administration regarding Donald Trump’s January 2025 executive order placing the wind energy industry under review. While the decision is being hailed as a key victory by advocates, it may in reality do little to end the administration's assault on wind energy and other elements of renewable energy. A coalition of 17 states and Washington, D.C., had sued earlier this year seeking...

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Shipbuilding

Saronic

Saronic Secures $392M Unmanned-Vessel Contract From the U.S. Navy

  Autonomous vessel company Saronic has secured a U.S. Navy production contract worth $392 million for its Corsair unmanned vessel, a 24-foot speedboat with a 1,000-pound payload. It is the entry point for an ever-growing series of vessels in the startup's lineup, which extends from a six-foot mini-drone up to an 180-foot aluminum vessel capable of carrying containerized payloads. The contract was first reported by DefenseScoop in August, but the announcement provides additional details. "With Saronic, we went from...

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Environment

tanker with suction sails

EPS Tanker Studied to Determine Results of Wind-Assisted Propulsion

A new study seeks to quantify the beneficial impact of adding wind-assisted propulsion to vessels while also establishing a framework for assessing the technology’s benefits in reducing fuel consumption and emissions. The study, which took place on the Eastern Pacific Shipping product tanker Pacific Sentinel (50,322 dwt), was conducted in association with the Global Center for Maritime Decarbonisation in Singapore.   The authors of the study highlight that one of the key barriers to the adoption of wind-assisted...

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Business

Cargo operations at the busy port of Shanghai Yangshan (file image courtesy Bruno Corbet / CC BY SA 3.0)

China's Trade Surplus Blows Past $1 Trillion

In the first half of 2025, the Trump administration made an unprecedented effort to shake loose China's grip on the American import market, employing sky-high tariffs to deter importers from buying Chinese goods. It worked, but not by reducing China's exports overall. Chinese manufacturers are making and shipping more finished goods than ever before - but they're now selling to other countries.   China's trade surplus in goods has broken an annual record: Chinese exports exceeded imports by...

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