Helix Energy Solutions Group and Hornbeck Offshore Services complete their all-stock merger, creating a new integrated offshore services company trading as Hornbeck on the New York Stock Exchange. Plus, President Trump nominates a permanent Navy secretary and walking robots begin tackling the U.S. shipyard workforce shortage.
This Week's Stories
Helix shareholders approve Hornbeck merger
Helix Energy Solutions Group shareholders have approved the all-stock combination with Hornbeck Offshore Services, creating a new integrated offshore services company that will trade under the Hornbeck name and ticker symbol HOS, with Todd Hornbeck as president and CEO.
Read the full storyTrump nominates Hung Cao as Navy secretary
President Trump has announced the nomination of acting Navy Secretary Hung Cao to permanently lead the Department of the Navy, with Senate confirmation required, as the Navy pursues a 65.8 billion dollar shipbuilding budget and a major industrial base expansion.
Read the full storyShort-staffed shipyards are bringing in high-tech helpers
With U.S. shipyards facing a shortfall of up to 250,000 workers over the next decade, Path Robotics, HD Hyundai Robotics, and Huntington Ingalls Industries are deploying walking robots and physical AI welding systems to unlock production capacity at American shipyards.
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