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In 2010, the Monterey Bay Aquarium Research Institute (MBARI) began the process of replacing its research vessel, R/V Western Flyer. With Glosten at their side as vessel designer, MBARI considered three types of ships for their new project. The Western Flyer was a small waterplane area twin hull (SWATH), but the parties agreed on a monohull design for the new vessel. In 2021, Freire Shipyard won the bid to build the vessel, and R/V David Packard came to life.There is no “I” in TeamWill Moon…

For the last few decades, the U.S. maritime industry has faced a slow-burning situation: few ships, an aging mariner workforce and too little visibility into what it takes to sustain both. In the aftermath of COVID-19, that challenge grew more urgent. Globally, ships that once had their pick of licensed officers suddenly found themselves short-crewed and companies like American Roll-On Roll-Off Carrier (ARC) had to rethink what retention and recruitment meant in practice as a matter of national capability.ARC operates the largest U.S.-flag roll-on/roll-off fleet in international trade…

Havila Shipping has not had its case upheld in Oslo District Court and will appeal the judgment.In January and March, the company filed a lawsuit against DnB Bank ASA, Danske Bank AS NUF, and Swedbank AB (publ).The banks have maintained that Havila Shipping breached refinancing terms by converting of debt to equity and conducting a bond issue.In a statement, Havila said: “Havila Shipping does not agree with the judgment, and the district court's ruling is not a final decision in the matter.

Oil prices slipped more than $1 on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine.Brent crude futures were down $1.07, or 1.68%, at $62.68 a barrel by 11:05 p.m. EDT, while U.S. West Texas Intermediate crude was at $59.07, down $1.01, or 1.68%.Iraq restored production at Lukoil's West Qurna 2 oilfield, one of the world's largest, after a leak on an export pipeline slashed its output…

French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)…

Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow's energy trade, potentially adding more supply at a time when prices have been battered by expectations of a glut next year.Brent crude futures fell $1.45, or 2.3%, to $61.92 a barrel by 11:19 a.m. ET (1619 GMT), while U.S.

Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi. The new $1.2 billion bank facility replaces an existing bank facility with an outstanding amount of $627 million as at Q3 2025.The new debt facility has a 7-year tenor, 16-year amortization profile and will incur interest at SOFR plus a margin of 2.50% p.a.

Fugro has completed the geotechnical site investigations at the eastern array of Dogger Bank South Wind Farm, off UK.Fugro’s five-vessel campaign gathered core samples and cone penetration tests (CPT) data up to 50 meters below the seabed.According to RWE, which is developing the project together with partner Masdar, the results of the campaign will provide vital insights for designing turbine and platform foundations.Dogger Bank South (DBS) consists of two offshore wind farms - DBS East and DBS West - with an estimated combined capacity of 3 GW.RWE leads both DBS projects…

The Global Centre for Maritime Decarbonisation (GCMD), AIM Horizon Investments, and their partners have announced the successful closing of the Fund for Energy Efficiency Technologies (FEET), securing total commitments of up to $35 million, exceeding its initial target.As the world’s first fund for vessel retrofits leveraging a pay-as-you-save repayment mechanism, FEET directly addresses the long-standing financial barriers hindering the sector’s uptake of vessel retrofits.The fund has drawn strong interest from across the maritime value chain…

China has indicated it will ban all imports of Japanese seafood, two government officials in Tokyo said on Wednesday, in what appears to be the latest salvo in an escalating diplomatic dispute between Asia's top two economies.Tensions between the two countries ignited after new Japanese Prime Minister Sanae Takaichi said this month that a Chinese attack on Taiwan threatening Japan's survival could trigger a military response.China has demanded she retract the remarks and urged its citizens not to travel to Japan…

As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of…

The Governor of the Bank of England, Andrew Bailey, visited Navantia UK’s Appledore shipyard to view the contribution of the defense and maritime industry to the regional economy. The Bank’s policymakers regularly visit and speak to businesses across the UK, including the South West. These visits help them gain valuable insight as to how local businesses are performing in the current economic circumstances, and contribute to their wider perspective and understanding as to how the economy in the UK as whole is performing.

Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026. Mr Grüner-Hegge will remain with the Company until November 30, 2026, to support the transition.The…

The European Commission has adopted its communication on the Sustainable Transport Investment Plan (STIP), setting out a roadmap to rapidly accelerate the energy transition of aviation and waterborne transport sectors.To meet the fuel targets set out in the ReFuelEU Aviation and FuelEU Maritime Regulations, a significant volume of around 20 million tonnes of sustainable alternative fuels (13.2 Mt of biofuels and 6.8 Mt of e-fuels) will be needed by 2035. This calls for substantial investments from the market…

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the third quarter of 2025 which ended September 30, 2025, with a net profit of USD$360 million (QAR 1.31 billion), compared to USD$352 million (QAR 1.28 billion) for the same period in 2024, an increase of 3.0%. This result underscores Nakilat’s strong operational resilience and strategic discipline in a dynamic global LNG shipping environment.Key financial highlights for the third quarter of 2025:Achieved a net profit of USD$360 million (QAR 1.31 billion)…

To increase the efficiency of welding equipment calibration, verification and validation, ESAB has introduced the Checkmaster 600R resistive load bank for simulating GMAW, AC/DC GTAW, SMAW and SAW arc welding processes from 150 to 600 amps. When linked with the ESAB WeldScanner multipurpose recording and measuring device, minimal user intervention is needed for calibration and validation, leading to time efficiency. Integration with the WeldScanner allows parallel operation of three Checkmaster 600R units, automatically switching resistive loads simultaneously.

U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump's jab at Australia's envoy to the United States over past criticism.China loomed large at the first White House summit between Trump and Albanese, with the U.S. president also backing a strategic nuclear-powered submarine deal with Australia to bolster security in the Indo-Pacific.While Trump and Albanese greeted each other warmly, the U.S. president expressed ire about past criticism of him by Australia's U.S.

Warship builder TKMS rode a global defence boom to reach a valuation of 6.3 billion euros ($7.35 billion) in its blockbuster stock market debut on Monday, surpassing that of parent and main shareholder Thyssenkrupp.The listing of TKMS is the German conglomerate's latest move to simplify its structure and take advantage of growing demand for defence assets.Shares in Thyssenkrupp, which will keep a 51% stake in TKMS after the spin-off, were down 19% at 1109 GMT, reflecting the transfer of the stake in the naval vessel business…

Global markets are getting too comfortable with risks like trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a "disorderly" market correction, the International Monetary Fund said on Tuesday.Underscoring the IMF's warning, President Donald Trump's revived threats on Friday to hike tariffs on China stoked investor fears of a major asset price correction. The comments sparked a sell-off in U.S.

The World Bank said on Tuesday higher tariffs on Indian goods exported to the U.S. would be a drag on South Asia's economic growth rate in 2026, even as it remains shielded in the current year by government spending.The World Bank said growth in South Asia was expected to slow sharply to 5.8% in 2026 from its projection of 6.6% for 2025. Its forecast for the region comprises India, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives."For 2026, the forecast has been downgraded…

Belgium-based offshore installation services company DEME has secured a contract to carry out the transport and installation works for the inter-array cables for the Nordseecluster B offshore wind farm in Germany.DEME deemed the contract sizeable, meaning its value is between $58 million and $176 million.The Nordseecluster is a joint offshore wind project of RWE (51%) and Norges Bank Investment Management (49%). Located approximately 50 km north of the island of Juist (Germany)…

US ship agency company T. Parker Host (HOST) has acquired Impala Terminals Burnside (Impala Burnside), a bulk facility located in Burnside, LA, at Mile Marker 169 on the East Bank of the Lower Mississippi River.Effective immediately, the site will be renamed Ascension Bulk Terminal.Encompassing 230 acres—190 of which are available for future development—Ascension Bulk Terminal is a multipurpose facility positioned to support both current operations and long-term growth along the Lower Mississippi River.

Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4.The contract terms have been mutually agreed and remain confidential between the parties.Delivery is scheduled for the second half of 2027, marking a key milestone in Reach Subsea’s USV scaling program.The specifications for Reach Remote 3 and 4 will mirror the first two vessels, with targeted adjustments…