VIKING Notes 2024 Total Revenue
VIKING Life-Saving Equipment notes a total annual revenue for 2024 of $500 million and pre-tax profit of $65 million. 2024 has seen growth in all customer segments, including commercial shipping, offshore, cruise and ferries, and defense and professional.The figures in recent years mean that VIKING already reached its strategic goals for 2025 last year. The company has now entered a new strategy period and the growth is expected to continue…
Saildrone, Palantir Technologies Partner for Maritime AI Solutions
Saildrone announced a partnership with Palantir Technologies to enable the scaling of autonomous systems to deliver maritime AI solutions in an era of mounting global threats and critically constrained shipbuilding capacity.Saildrone operates the world’s largest fleet of operationally deployed USVs, providing maritime domain awareness to the U.S. Navy, Department of Homeland Security, and international allies.
Chinese Maritime Threat has Australia Investing in Anti-Ship Missiles
Australia is scrambling to deploy new long-range missiles as the recent arrival of powerful Chinese warships off the Australian coast delivers a sharp reminder of Beijing’s growing naval muscle.In a move to boost military firepower, Canberra plans to arm Australian soldiers with anti-ship missiles and advanced targeting radars to protect the country’s vast maritime approaches, according to contract…
Cyprus: Subsea Power Cable Project to Move Forward
A project on a subsea power cable to link continental Europe to the East Mediterranean will materialize, Greek foreign minister said on Thursday after meeting his Israeli and Cypriot counterparts.Media reports earlier this week suggested that the project had stalled over territorial differences.Greek power grid operator IPTO ADMr.AT is building the Great Sea Interconnector (GSI) cable, which will link transmission networks of Europe to Cyprus.
Delaware Pilot Boat Equipped with Furuno Electronics
The Pilots' Association of the Bay and River Delaware has welcomed Pennsylvania, the latest pilot boat built by Gladding-Hearn Shipbuilding. The Chesapeake Class launch is equipped with a full suite of Furuno marine electronics, installed by Cay Electronics of Rhode Island.At the heart of the navigation system are dual NavNet TZtouch3 TZT9F Multi Function Displays (MFDs). Delivering chart plotting and Radar overlay, these 9” MFDs integrate navigation and communication systems.
Intellian Technologies Announces Available Enterprise Flat Panels
Intellian Technologies Inc., a global technology solutions provider of multi-constellation satellite user terminals and Eutelsat Group, the only GEO-LEO operator in satellite communications, announced that the new Enterprise Flat Panels are now available exclusively on Eutelsat’s OneWeb LEO network.Featuring the OW11FM (Maritime), OW11FL (Land Fixed) and OW11FV (Land Mobility), the new series uses…
Young Joings NAWE as VP, Government Affairs
The National Association of Waterfront Employers (NAWE) said that John Young has joined the association as the new vice president of government affairs.Young brings to NAWE more than 20 years of experience in Washington, D.C., primarily focused on supply chain, infrastructure, and maritime issues. He has served as a senior staffer on Capitol Hill, represented private and public organizations as a lobbyist…
Fincantieri Delivers New Cruise Ship to Norwegian Operator
Italian shipbuilder Fincantieri has delivered Norwegian Aqua cruise ship to Norwegian Cruise Line (NCL).Norwegian Aqua is the first ship of the expanded Prima Plus Class that Fincantieri is building for NCL.At 156,300 gross tons and a length that spans 1,056 feet, Norwegian Aqua is 10% larger than the first two Prima Class vessels, Norwegian Prima and Norwegian Viva, which also feature the craftmanship of Fincantieri.In addition to the delivery of Norwegian Aqua…
AAL Shipping Welcomes New Heavy Lift Carrier to Its Fleet
AAL Shipping has held a formal naming ceremony for its fifth Super B-Class vessel, the AAL Dubai, at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.The latest addition not only enhances AAL’s third-generation newbuilding fleet but also commemorates the company’s 30th anniversary, reaffirming its unwavering commitment to innovation and excellence in global project shipping.The 32,000 dwt AAL…
Unwinding the Morass that is U.S. Offshore Wind
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration, then President-elect Donald Trump referred to wind turbines (both onshore and offshore) as “garbage in a field” and…
Environmental Disaster Most Likely Avoided After North Sea Ships Collision
Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.Huge fires and explosions charred the Solong and left the Immaculate with a gaping hole…
Batteries Use in Vessels - Current Situation, Future Prospects
On the current pathway, global shipping greenhouse gas (GHG) emissions are forecast to rise in this decade and eventually return to 2010 levels by ~2050.The chart represents the three scenarios for shipping emissions developed by the International Energy Agency (IEA) and adds in the IMO Strategy targets for emissions reduction. The IEA’s aspirational case (i.e. what governments and companies aspire…
Wärtsilä’s Engines to Power South American Vessels
Technology group Wärtsilä has been selected to supply replacement engines for two inland waterway tug pusher vessels operating in Paraguayan rivers.The vessels are owned by ADM Naviera Chaco (ADM). The vessel modifications and new engine installations will be carried out in Asuncion-Paraguay.The new engines will enable a reduction of the environmental impact and increase the efficiency of the tug pushers.ADM’s stated target is to reduce emissions by 25% by 2035…
WinGD Reports ‘Exceptional Results’ for Ammonia Engine Test
WinGD reports it has confirmed key parameters for its X-DF-A ammonia-fueled engine design after full-load testing at its Engine Research and Innovation Centre in Winterthur in Switzerland.The performance and emission measurements deliver timely assurance as the first users prepare their vessels and auxiliary systems for ammonia fuel.The tests confirm engine performance data that WinGD has published in its General Technical Data (GTD) software…
Oceaneering Nets US Gov Maritime Mobility System Deal
Oceaneering International, via its Aerospace and Defense Technologies (ADTech) segment, has been awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system.Oceaneering said it has been down-selected from multiple teams, without revealing any additional details.“We are pleased to have secured this contract with the Department of Defense which…
Bulk Vessel Newbuild Contracting Fades to Black
“During the first two months of 2025, bulker newbuilding contracting dropped 92% y/y to the lowest level in at least 30 years. While contracting in January was low, no new ships were ordered in February. Weak freight rates, high newbuilding prices, long lead times and uncertainty are likely discouraging contracting,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Dry bulk contracting has been slowing since the second half of 2024.
Hanwha Ocean Delivers Overhauled U.S. Navy Vessel
Hanwha Ocean has delivered the overhauled U.S. Navy Vessel Wally Schirra, setting a new milestone in Korea’s shipbuilding industry for the first ever maintenance, repair, and overhaul (MRO) project for the U.S. Navy, completed in just six months.The MRO project, carried out at Hanwha Ocean’s Geoje Shipyard over approximately six months, involved comprehensive maintenance, including hull and engine repairs…
Greece to Buy Four New Submarines
Greece will spend more than 25 billion euros in arms procurements by 2036, including new submarines, drones, satellites and fighter jets, under a 12-year plan to be submitted to parliament in the coming weeks, three officials with knowledge of the plan told Reuters.The move is part of Greece's bid to modernise its armed forces as it emerges from the 2009-18 debt crisis that led to years of austerity…
Chairman Wicker Says CR Defense Spending Inadequate
U.S. Senator Roger Wicker, R-Miss., the Chairman of the Senate Armed Services Committee, has offered his perspective on the need for additional defense spending to account for the continuing resolution’s (CR) inadequate funding for the military.In his remarks, Wicker noted that even a CR with significant anomalies cannot make up for a real decrease in military spending. The Chairman added that frequent…
ABS Approves Hanwha Cybersecurity Solution
ABS issued a Type Approval for IACS UR E27 cyber resilience requirements to Hanwha Systems for its cybersecurity solution, SecuAider®.Hanwha Systems’ SecuAider® is a software solution that offers protection to a vessel’s data and networks from advanced cyberattacks, such as ransomware and malware.The ABS E27 certification is part of the ABS Cyber Resilience Program that evaluates a range of digitally enabled systems and equipment…
