Monday, July 07, 2025
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Matt Paxton

Interview: Matt Paxton, President, Shipbuilders Council of America

Published Jul 6, 2025 4:18 PM by Jack O'Connell

  Born and raised in a military family, Paxton inherited a strong work ethic and an even stronger sense of duty. He worked summers in a salmon packing factory in Alaska, graduated from the University of Washington, earned his law degree at Willamette University College of Law and immediately set off for Washington, D.C. to work in public policy. He became a Legislative Assistant to the late Senator Ted Stevens of Alaska – his mentor, who taught him the ropes...

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Ust-Luga

Blast and Leak Reported Aboard LPG Carrier at Ust-Luga, Russia

Published Jul 6, 2025 4:05 PM by The Maritime Executive

  On Sunday, the Russian Transportation Ministry acknowledged "an incident" at the key Russian energy port of Ust-Luga, resulting in a "minor leak of liquid ammonia." The event occurred aboard LPG carrier Eco Wizard while it was conducting cargo operations. The crew was evacuated from the ship and the port's first responders are on scene.  Russian military-linked news channel Baza reports that the incident was an explosion, and given that divers were tasked to respond, it appears to have affected...

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Iran ballistic missiles

Op-Ed: Next Two Months are Critical for Stability in the Mideast

Published Jul 6, 2025 3:18 PM by The Maritime Executive

  The next two months look set to be critical for world stability, offering the prospect of resolution of two global security issues that have caused conflicts and problems for decades. The two issues are linked, and neither looks likely to be solved in isolation. A 60-day ceasefire in Gaza leading to negotiations for a permanent settlement is on the table, from which Israel needs an end to threats to its national security and Palestinians seek a broader solution to...

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The South Korean Aegis destroyer ROKS Yulgok Yi I at Pearl Harbor, RIMPAC 2024 (USN)

Why the United States Should Support South Korea's Naval Expansion

Published Jul 6, 2025 11:00 AM by CIMSEC

  [By Ju Hyung Kim] When people think about the U.S.-ROK alliance, they often envision the Korean Peninsula: joint ground drills, combined air exercises, and the perennial challenge of deterring a North Korean invasion. But the next chapter of this alliance is unfolding at sea. With the U.S. Navy stretched across multiple theaters—from the Mediterranean to the South China Sea—South Korea’s maritime ambitions are no longer a peripheral concern. They are a strategic asset. South Korea is undertaking a deliberate...

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Offshore

floating LNG terminal

MARAD Receives Proposal for Floating Offshore LNG Export Terminal off Texas

With the rush to expand the U.S. LNG export business and strong support from the Trump administration for the energy sector, a developer has filed a novel proposal with the Maritime Administration (MARAD) and the U.S. Coast Guard. In a notice to be published on Monday, July 7, in the Federal Register, MARAD and USCG report that the application is sufficiently complete to start processing the proposal from the company called ST LNG for the ST LNG Deepwater...

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Shipbuilding

Philadelphia Navy Yard

Rhoads Plans $100M Investment to Expand Operations at Philly’s Navy Yard

  Rhoads Industries, alongside Pennsylvania Governor Josh Shapiro, announced its plans for a nearly $100 million investment to expand manufacturing capacity at its shipyard facilities in Philadelphia at the site of the former Navy shipyard. Rhodes operates layup and recycling operations as well as a repair facility. It will grow its manufacturing operations as the U.S. Navy looks to expand and the Trump administration promises large investments into the U.S. shipbuilding and repair industry. “Shipbuilding has always been a key...

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Environment

hydrogen fueled vessel

Norway Provides $76M in Grants to Advance Hydrogen and Ammonia Ships

Norway continues to support the advancement of a broad range of new technologies that it points out will both contribute to maritime decarbonization while also creating new industries and jobs for Norway. The Enova program announced its fourth round of grants, providing a total of approximately $76 million for projects advancing hydrogen and ammonia as fuels for ships, as well as the establishment of facilities for storing ammonia. Enova SF is owned by Norway’s Ministry of Climate and...

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Business

Japanese shipyard

Tsuneishi Buys Mitsui E&S Shipbuilding to Consolidate Japanese Shipbuilding

In a further move to consolidate the Japanese shipbuilding and repair businesses, Tsuneishi Shipbuilding reports it acquired its former joint venture with Mitsui E&S Shipbuilding. It is part of a broader reorganization and rebranding of all Tsuneishi’s operations as the Japanese shipbuilding sector works to respond to competition and a changing market. Mitsui E&S Shipbuilding, which traces its origins back 110 years to 1917, had been one of Japan’s leading shipbuilders. The company’s focus had shifted to commercial...

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