US Commerce Disorganization Stalls Thousands of Export Approvals
Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules…
Mediterranean Leaders Discuss Migration Route
The migration route from Libya across the Mediterranean, used by thousands seeking a way to get to Europe, was a top issue at a meeting on Friday between the leaders of Turkey, Italy and Libya in Istanbul, Turkey's presidency said.President Tayyip Erdogan met Italian Prime Minister Giorgia Meloni and Libyan Prime Minister Abdulhamid al-Dbeibah to discuss migration and other potential cooperation areas."Erdogan…
Indian Register of Shipping Provides Quality Assurance During HSL Submarine Refit
Indian Register of Shipping (IRS) has provided Quality Assurance (QA) services during Hindustan Shipyard Limited’s (HSL) fastest-ever “normal refit” of an EKM‑class submarine, which was successfully completed on July 21, 2025. A national benchmark was set in achieving the shortest ever turnaround time and ensuring technical excellence.Under a strategic partnership formed as part of India’s push for self-reliance in national defense…
Eco Marine Power Launches Evaluation of Solar Technologies Onboard Ship
Eco Marine Power Co., Ltd. announced that it has commenced evaluation trials of its updated solar power system known as Aquarius Marine Solar Power, and the first of several photovoltaic (PV) module technologies. The trials, planned to run for 12 to 18 months, aim to demonstrate the practicality and performance of the updated solar power system in real maritime conditions, supporting the shipping industry’s…
Fugro: H1 2025 Impacted by Weak Markets, Recovery Expected in H2
Fugro’s results in the first half year were significantly impacted by geopolitical and economic uncertainties. For the second half of 2025, the company expects a strong recovery resulting in a full-year EBIT margin of 8-11%, underpinned by revenue growth in H2 of around 20% versus H1.The macro(economic) uncertainties experienced in Q1 persisted, contributing to industry-wide project delays and scope reductions, especially in the offshore wind market.
MacGregor Appoints New CEO
The board of directors of MacGregor Group AB has appointed Jonas Gustavsson Chief Executive Officer of MacGregor as of August 1, 2025. He succeeds Leif Byström, who is retiring.Jonas Gustavsson joined MacGregor in March 2025 as Deputy President. Prior to that he served as the CEO of AFRY AB from 2017 until early 2025. His earlier positions include 23 years of leadership experience with various senior roles at Sandvik, Rotax, Bombardier and ABB.
DOF Scoops Over $220M for AHTS Vessel Contracts with Petrobras
Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels.The two contracts, with a combined value of more than $220 million, are for Skandi Fluminense, a 2007 Brazilian-built AHTS vessel with 211t bollard pull, and Skandi Lifter, a foreign-flagged 250t AHTS built in 2009.The contracts for both vessels will run for…
Alternative-Fueled Vessel Orders Continue Steady Upward Pace
The orders for the new alternative-fueled vessels have continued to grow in July 2025, in line with the steady pace of activity seen in the first half of the year, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform.A total of 28 new orders for alternative-fueled vessels were placed in July 2025, AFI’s latest report has revealed.LNG remains the dominant fuel choice, accounting for 22 of the 28 orders.
Bath Iron Works Wins DDG 51 Destroyer Shipbuilding Contract
General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), said that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023.Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr.
Triton Completes MacGregor Acquisition
Triton, a European mid-market investment company, has completed the acquisition of MacGregor from previous owner Hiab, formerly Cargotec.The transaction between Triton and Hiab, first announced in November 2024, was closed on July 31, 2025.MacGregor will continue to serve its maritime and offshore customers with its wide portfolio of cargo and load handling equipment under the ownership of Triton.“We at Triton are very pleased and excited about being the new owner of MacGregor.
