fleet modernization

U.S. Navy leadership, including the Secretary and CNO, visited Huntington Ingalls Industries’ Ingalls Shipbuilding division. The visit highlighted HII’s crucial role in modernizing the fleet, including work on the “Golden Fleet” and the next-generation Small Surface Combatant. HII’s significant investments in infrastructure and workforce development were emphasized, showcasing their commitment to meeting the Navy’s urgent shipbuilding demands. The tour featured ongoing construction of advanced warships.

SFL Corporation is selling two Suezmax tankers to a Koch Industries subsidiary for approximately $57 million each. Net proceeds are expected to be around $26 million per vessel after debt and fees. SFL will also terminate charters for two newer Suezmax tankers with Koch, receiving a fee. The company plans to reinvest proceeds into younger, more efficient vessels to capitalize on strong charter market rates.