Red Sea Risk Spreads as Houthis Target Saudi Port Calls News

The Houthis have widened their maritime threat messaging by warning shipping companies not to call at Saudi ports, with an email reportedly sent to multiple companies saying vessels are “banned from loading or discharging...

Saronic Picks Brownsville for $3.2B Port Alpha Shipyard Buildout News

Saronic Technologies has selected the Port of Brownsville, Texas, for Port Alpha, confirming a $3.2 billion next-generation shipyard designed to produce autonomous and software-defined vessels at industrial scale. The initial development will occupy 835...

ABB Makes Its Biggest Automation Bet With Rotork Deal News

ABB has agreed to buy UK-based Rotork in an all-cash transaction valuing the valve-actuation and flow-control specialist at about $5.5 billion, making it ABB’s largest-ever acquisition and a major step in its push deeper...

Hormuz Escort Doubts Put Gulf Shipping Decisions on Hold News

Some shipping companies are avoiding U.S.-military guided transit through the Strait of Hormuz after recent attacks on commercial vessels raised concerns that escorted movement may still leave ships, crews, and cargo exposed. The development...