LATEST NEWS

Navaya Maritime's Founder and CEO, Prasad Menon, is one of the keynote presenters at 2026 National Maritime Week in D.C., showcasing potential for U.S. nuclear commercial shipping. The invite-only event is being hosted by MARAD and ABS' new U.S. Center for Maritime Innovation.

U.S. Launches Initiative To Develop Small Modular Reactors For Commercial Shipping.  U.S. transport secretary Sean Duffy and U.S. Maritime Administrator Stephen Carmel priortize SMRs into maritime to reclaim U.S. sea power. The project aims to identify streamlined deployment methods to integrate nuclear power across entire fleets, integrate SMR production into US yards, build a workforce pipeline and advance regulatory readiness for the technology. US maritime administrator Stephen Carmel, who leads MARAD, said successfully introducing SMRs in shipping requires a “system-transition lens” rather than just a technology demonstration.  U.S. Transport Secretary Sean Duffy said, “By partnering with industry experts and outside-the-box thinkers to develop a strong SMR model, we will deliver a state-of-the-art energy source that cuts costs and bolsters national security". MARAD and the transport department believe nuclear propulsion could allow commercial ships to travel farther and faster, while eliminating fuel costs and maintenance needs.

International Maritime Organization (IMO) drafts workplan for international safety rules for nuclear-powered ships

White House announces U.S. Maritime Action Plan

Lloyd’s Register forms Maritime Nuclear Consortium to set international SMR-maritime insurance standards.  Members include Lloyd’s Register, Rolls-Royce, Babcock International Group, Global Nuclear Security Partners, Stephenson Harwood and NorthStandard (insurance).

MIT Maritime Consortium releases report on proposed nuclear trans-Atlantic maritime corridor

Navaya Maritime main sponsor of MAR event at National Maritime Week (Washington DC) featuring Senator Mark Kelly, Congressman John Garamendi and other U.S. maritime leaders.

RBC Logistics rebrands and restructures as Navaya Maritime.

Bipartisan SHIPS for America Act announced to boost American Shipbuilding, Strengthen US Economy and National Security. Announced at Capitol Hill Press Conference by Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Rep Trent Kelly (R-MS-01), Rep John Garamendi (D-CA-08).

U.S. Trade Representative takes targeted action to restore American shipbuilding through fees on Chinese-built ships.

President Donald Trump issues Executive Order 14269 titled “Restoring America’s Maritime Dominance” stating that “It is the policy of the United States to revitalize and rebuild domestic maritime industries and workforce to promote national security and economic prosperity.”

The Nuclear Energy Maritime Organization (NEMO) formed to set international standards for nuclear-powered ships and floating nuclear power plants.  In 2025, NEMO granted consultative status with International Maritime Organization (IMO) and partnership with the International Atomic Energy Agency (IAEA).  Currently 33 members including HD Korea Shipbuilding & Offshore Engineering (HD KSOE), BWXT Advanced Technologies, TerraPower, Westinghouse Electric Company, Lloyd’s Register, Core Power, and Onomichi Dockyard.

RBC Logistics large-scale Freeport Project in Texas.

RBC Logistics complex Wind Farm Project in Texas.

Navaya Advisors Rear Admiral James Watson and Nishan Degnarain co-author and publish book Zero Point Four on how to revitalize the U.S. maritime industry.

ABS AiP award to RBC Logistics LLC., by Partick Ryan, CTO ABS, at a special event following ABS Forum “The Role of Advanced Nuclear Technologies in Maritime Energy Transition” on September 28, 2023 in Washington DC.

MOU signed with X-Energy, USA for joint development of XE-Mobile Marine Project (Mini Marine Nuclear Power Plant)

ABS, USA awarded Approval in Principle (AiP) (T242058 & T2429295) for location of COOL BOX and MMNPP (Mini Marine Nuclear Power Plant)

ABS, USA awarded Approval in Principle (AiP) for Midship and General Arrangement vessel design

Vessel Model Tank Test, successfully completed in Europe to validate the super efficient hull form for ultra low speed to super high speed propulsion.

Further Nuclear Maritime Resources