Five Year News

American Roll-On Roll-Off Carrier (ARC) announced it would deploy the LifeFinder safety tech platform under a five-year agreement across its fleet of ten U.S.-flag roll-on/roll-off vessels to strengthen mariner safety and emergency response capabilities. The decision follows a successful year-long pilot installation on board the vessel M/V Patriot. ARC and LifeFinder worked closely to tailor the platform to the specific vessel layout, safety procedures and operational requirements.

The U.S. Navy and GSA have awarded Gecko Robotics a five-year IDIQ contract with a $71 million ceiling to deploy artificial intelligence and robotics to assess and maintain the health of military assets. Gecko will start work with 18 ships in the U.S. Pacific Fleet with the initial award worth up to $54m over a five-year period. Customers in all services will have access to this government-wide vehicle.The Chief of Naval Operations has set a target of 80% fleet readiness, which Gecko will have a crucial role in helping to meet.

Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery, where normally roughly 20% of the world's oil would pass through daily. Iran's Revolutionary Guards said on Tuesday they would not allow "one litre of oil" to be shipped from the Middle East if U.S.

The Scottish Government has announced its intention to award Ferguson Marine the contracts to build four vessels. This decision provides a guaranteed five-year pipeline of work.The package of vessels as part of the proposed award includes the design and build of a new class of Marine Protection Vessel (MPV) and Marine Research Vessel (MRV) for Marine Scotland to replace MPV ‘Minna’ and MRV ‘Scotia,' originally built by Ferguson Marine and currently nearing the end of their service lives.

The Hong Kong Shipowners Association (HKSOA) has welcomed the many new initiatives in the 2026-27 budget promulgated by the Financial Secretary.Many of the association’s recommendations have been accepted by the government:• provision of tax concession for eligible commodity traders;• introduction of a new incentive scheme for green fuel-powered vessels registered in Hong Kong;• enhancement of the ship registration regime with a dual registration system;• launch of more large-scale maritime events in Hong Kong in collaboration with global maritime organisations…

Shell and Greece’s METLEN have signed a memorandum of understanding (MoU) to establish a framework for cooperation in the supply and trading of liquefied natural gas (LNG).Under the agreement, the two companies plan to supply and trade approximately 0.5 to 1.0 billion cubic metres (bcm) of LNG per year over the five-year period from 2027 to 2031.Deliveries are expected to be made to the Greek LNG regasification terminals at Revithoussa and Alexandroupolis.The MoU also envisages…

Jotun, a leading manufacturer of marine coatings, reported an estimated 11.8 million tons of avoided CO₂ emissions for vessels coated with its products in 2025, an increase from 11.1 million tons from the year before. The result is verified based on an independent technical evaluation conducted by DNV.The verified avoided emissions is based on the average speed loss of the vessels included in the evaluation, compared to an industry benchmark referenced in ISO 19030. The evaluation…

In its Q4 and full-year 2025 earnings release, the Monaco-based containership owner posted full-year 2025 adjusted net income from continuing operations of $375.6 million, or $3.12 per share. Net income from continuing operations available to common stockholders totaled $371.0 million, or $3.09 per share.For the fourth quarter, adjusted net income from continuing operations reached $71.8 million, or $0.60 per share, while net income from continuing operations available to common stockholders was $72.6 million…

The U.S. Department of Transportation’s Maritime Administration (MARAD) has opened applications for its Centers of Excellence (CoE) program for Domestic Maritime Workforce Training and Education.The Center network spans 32 institutions across 44 cities in 17 states. These programs are focused on training the next generation of mariners for vital careers at sea and on shore, ensuring the U.S. maritime industry remains skilled and strong. A CoE designation is awarded for a five-year term.CoEs play a vital role in supporting the maritime industry by providing workforce development…

Captain Vladimir Motin was sentenced to six years’ jail on February 2 after being found guilty of “gross negligence manslaughter” for his role in the container ship Solong’s ramming of the anchored tanker Stena Immaculate in March 2025.The circumstances of his case, heard at the Old Bailey in London, are different to those of Ali Albokhari, currently serving a 30-year term in a Turkish jail, but the contrast that is even more apparent is the mismatch in due process and access to justice…

Captain Steve Jones is President of the Passenger Vessel Association for 2025. As his term comes to a close in February at the PVA Annual Convention at MariTrends 2026 in Covington, KY, Captain Jones has achieved several long-sought-after successes during his term and set in motion other important association undertakings intended to deliver noteworthy benefits to PVA members in the coming year and beyond. Captain Jones has been with the Gateway Clipper Fleet since 1987. The Gateway Clipper Fleet…

Pole Star Defense closed Q4 2025 with two federal wins: a $36 million, three-year renewal with the U.S. Coast Guard and a new five-year contract with the U.S. Army Corps of Engineers. Together, the awards extend the company’s role as a provider of maritime domain awareness to U.S. government customers. The Coast Guard renewal builds on a partnership first established in 2020 with a $50 million award. Under the extended agreement, Pole Star Defense continues to deliver vessel tracking, system modernization, and cloud-based analytics that support Coast Guard operations nationwide.

Engineering and design company Stantec and AECOM has been selected by the U.S. Naval Facilities Engineering Systems Command (NAVFAC) to lead multidiscipline architect-engineer and consulting services as part of a five-year, US$150 million single award contract.The Stantec-AECOM Joint Venture work will directly support the US Navy’s Shipyard Infrastructure Optimization Program (SIOP) focusing on the modernization of Portsmouth Naval Shipyard (PNSY) in Kittery, Maine.SIOP is upgrading…

Damen Shipyards Group has announced a contract with the Qatar Emiri Naval Forces (QENF) for the delivery of two ASD Tugs 3212. The contract was announced at the Doha International Maritime Defence Exhibition and Conference (DIMDEX) 2026 in Qatar.The order follows a memorandum of understanding (MoU) signed by Damen and the QENF at the previous DIMDEX event in 2024, for the delivery of auxiliary vessels. Damen is constructing the two tugs at the Damen Song Cam Shipyard in Vietnam.One of the vessels is already under construction and will be delivered later this year.

The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and state‑controlled shipbuilder Fincantieri.Speaking at a conference at Milan's Bocconi University, Stefano Pontecorvo told an audience that he hoped the two groups could one day merge, addressing his remark to Claudio Cisilino, Fincantieri’s executive vice‑president for operations, who was sitting in the audience.“I hope that one day a merger between us might be possible," said Pontecorvo, without elaborating.Fincantieri and Leonardo, both controlled by the Italian stat

The Panama Canal Authority and Monjasa, a global supplier of marine fuels, have signed a cooperation agreement aimed at developing initiatives that benefit communities within the Panama Canal Watershed (CHCP).The five-year agreement provides for the implementation of targeted projects in environmental protection, comprehensive well-being, culture, community development, and education, all aligned with the United Nations Sustainable Development Goals (SDGs). These initiatives will…

Finnish–Swedish ferry operator Wasaline reported a strong performance in 2025, delivering passenger growth, higher revenues and a major reduction in emissions, despite a more challenging freight market.Passenger volumes rose by 2.6% to 259,769, even though the company’s ROPAX vessel Aurora Botnia was out of service during the final week of December for scheduled dry-docking. Freight volumes declined slightly year-on-year, reflecting the broader economic downturn in the region, postponed construction projects, reduced paper trade and the bankruptcy of battery manufacturer Northvolt.

Australia- based Bhagwan Marine has christened the Bhagwan Micah, a 38m state-of-the-art Stern Landing Vessel (SLV) designed from the ground up for the exacting requirements of modern offshore energy and subsea operations – particularly oil & gas decommissioning with the ability to work in shallow water environments, subsea IMR, and defense logistics projects.Unlike a traditional landing craft that loads and discharges over a forward ramp, a SLV operates from the stern. This design provides:• Safer…

Stena RoRo has chartered out the ship A Nepita, ex Superfast X, to Canadian Crown Cooperation Marine Atlantic Inc for a five year period.The ship will enter into service during the fall of 2026 following a period of customization to the intended trade such as ship to shore ramp arrangements, ships livery, and a five-year preventive maintenance program.The A Nepita is currently chartered to the French operator Corsica Linea and trading in the Mediterranean Sea. She is ice-class rated…

State-owned Petrovietnam Gas has awarded its first-ever term supply tender seeking liquefied natural gas (LNG) to energy major Shell, which will deliver the super-chilled fuel to Vietnam from 2027 to 2031.The five-year supply deal will see Shell deliver about 400,000 metric tons a year of LNG to the Southeast Asian nation, according to a Petrovietnam Gas statement issued late on Tuesday.The LNG will be supplied on a delivered ex-ship (DES) basis to Petrovietnam Gas' Thi Vai terminal.Vietnam began importing LNG in 2023, with its first cargo delivered to its inaugural Thi Vai import terminal.

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024, but by 3Q 2025 21 units had been re-deployed into other regions of the world. Fast forward to today, the national oil company (NOC) has confirmed it will restart work with eight of the remaining suspended rigs in early 2026. It has…

Oil prices fell by more than $1 a barrel on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump.Brent crude futures fell $1.13 or 1.82% to $61.11 per barrel by 1:14 p.m. EDT. U.S. West Texas Intermediate (WTI) crude fell $1.13 or 1.94% to $57.22.While supply disruptions have helped oil prices rebound in recent sessions from their near five-year low on December 16…

Italian shipbuilder Fincantieri on Tuesday set a goal of a 40% rise in revenues and a near doubling of core profits in its new five-year plan, expanding to the defence and underwater businesses while keeping its leadership on cruise ships.The 2026-2030 strategy, dubbed "F4 Fast Forward Further Future" and expected to be detailed in the first months of next year, forecasts more than 50 billion euros ($58.79 billion) of new orders, particularly in the defence sector."With this plan…