DOF Nets BP’s Subsea Services Job in Atlantic
Norwegian offshore supply vessel owner DOF Group has secured a contract with BP for the provision of subsea services in the Atlantic region.The three-year firm and two-year options contract will see DOF deploy a high-capability subsea vessel asset to support BP with subsea construction, installation, repair, and maintenance (IRM) operations.Offshore operations are expected to begin in the first quarter of 2026.Financial details related to the agreement…
Ocean-Based Carbon Capture for Commercial Vessels
CALCAREA Inc. and AURELIA Design B.V. entered into a collaboration to bring ocean-based carbon capture technology to the maritime sector. The partnership combines CALCAREA’s unique carbon removal process with AURELIA’s experience in green ship design and e-systems integration.At the heart of the collaboration is CALCAREA’s limestone weathering technology — a system that accelerates a natural process where carbon dioxide (CO₂) reacts with limestone and seawater…
Six New Arklow Shipping Vessels to get Octopus Battery Systems
A new series of six General Cargo vessels being built by Ferus Smit in the Netherlands for Irish ship operator Arklow Shipping will sport EST-Floattech's Octopus Lite battery system. EST-Floattech designed the system to fit the sailing profile of the vessels, a close collaboration with the yard and owner designed to provide both technology and efficiency gains.The new series of 11,000 DWT general cargo…
AI is Useful, but it Will Not Be Brilliant
AI is here to stay. Those who don’t explore its use and capabilities may soon find themselves left at the dock.At our company, we treat AI like any other engineering tool — no different than finite element analysis or computerized performance prediction. When used well, it’s extremely useful. When used poorly, it’s useless. At that level, we don’t worry about “intelligence.” It’s more like a fluffy Wikipedia…
Fincantieri to Build New Cruise Ship for NCLH’s Regent Seven Seas Cruises
Fincantieri has secured a new order for the construction of an ultra-luxury cruise ship for Norwegian Cruise Line Holdings (NCLH), which will be operated by its subsidiary Regent Seven Seas Cruises.Scheduled for delivery in 2033, the new vessel will be a sister ship to Seven Seas Prestige, the first of the new Prestige Class, currently under construction at the Marghera shipyard and set for delivery in 2026.
Cadeler Inks $580M Offshore Wind T&I Contracts
Danish offshore wind installation firm Cadeler has signed two firm contracts covering the full-scope transportation and installation (T&I) of offshore wind turbines and their foundations for an upcoming offshore wind farm development, with a combined value of around $580 million.The foundations T&I campaign is set to begin in early 2029 and to be executed using one of Cadeler’s newbuild A-class vessels.The…
Death Toll Rises to 11 in Rohingya Boat Tragedy off Malaysia, Dozens Missing
The number of people confirmed dead after a boat carrying members of Myanmar's persecuted Rohingya community sank near the Thailand-Malaysia border rose to 11 on Monday, authorities said, with about 70 people believed to have been on board the capsized vessel.The status of another boat carrying 230 passengers remained unclear, Malaysian authorities said, adding that 13 survivors had been found so far, mostly Rohingya.
Video: Resilience in a Fragmenting World
Shipping is the lifeblood of global trade, but in a world of rising geopolitical tensions, climate risks, and economic fragmentation, resilience has never been more critical, says Global Maritime Forum.“From hybrid wars to environmental catastrophes, the industry faces unprecedented uncertainty. Yet, shipping has always navigated turbulent waters, and its long history, adaptability, and global nature are its greatest strengths.“Investing in governance…
Cattle Ship Delayed in Turkey
The 52-year-old MV Spiridon II loaded 2901 cattle has been stranded off Turkey, denied permission to unload due to issues with the animals’ ear tag.According to local media, the Turkish Ministry of Agriculture and Forestry inspected the cattle when the vessel arrived but denied permission to land the animals because approximately 500 of the ear tags did not match documentation on the ship.The vessel departed Uruguay on September 19 and arrived at Bandirma Port on October 22.
SAAM Reports Jump in Third Quarter Performance
Towage company SAAM posted net income of US$64 million for the nine months ended September 30, 2025, 48% more than the same period last year.EBITDA reached $158 million (+15%) and revenue totaled $463 million (+8%).The third quarter figures were particularly positive compared to the previous year, with profit of $24 million (+97%), revenue of $161 million (+12%) and EBITDA of $58 million (+23%)."We had record earnings this quarter…
Tanker Orderbook High Despite Market Unpredictability
Increased sanctions (enforcement), resilient oil demand, partly due to stock building in China, and growing OPEC+ supply have all contributed to create a rate environment we have not seen since the freight rate boom in the early days of the pandemic, says Poten & Partners in an opinion this week.Very limited fleet supply growth in 2024 and 2025 has also contributed.“A tightening supply-demand balance has made the freight market more susceptible to small changes in ton-mile demand.
Hundreds Missing after Migrant Boat Sinks off Malaysia
A boat carrying members of the Rohingya community from Myanmar has sunk near the Thai-Malaysian border, with hundreds missing, seven dead and 13 rescued, the Malaysian maritime agency said on Sunday.Rescuers were combing an area of 170 square nautical miles near Langkawi Island on Saturday after a boat with 300 people on board left Myanmar's Rakhine state three days earlier, said the maritime agency…
Orders for Less Polluting Ships Hold Share
Cleaner-fuel burning ships accounted for 37% of cargo vessel orders in the first 10 months of 2025, unchanged from the year-ago period, as buyers were uncertain about when global rules for cutting maritime emissions will take effect, data from shipping consultancy AXSMarine showed.Overall gross tonnage (GT), an industry measure for vessel capacity, totaled 78 million from January through October, down from 113 million from the year-ago period…
Trump Finalizes US Gulf Lease Sale, Proposes Alaska Sale
The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday.The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about 80 million acres available. The sale, which will take place on December 10, will be the first of 30 sales…
Stolt-Nielsen Limited Executive Management Update
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…
Maritime Partners Repowers M/V John Austin with Mitsubishi S12R-Y3
Maritime Partners has repowered the pushboat M/V John Austin, replacing its Cummins QSK38 (1300 hp @ 1800 rpm) with a Mitsubishi S12R-Y3 engine rated at 1260 hp @ 1600 rpm. After 28,000 hours on the previous platform, the decision to repower was driven by the need for reliability, reduced downtime, and a smarter long-term investment.The repower installation leveraged the vessel’s existing systems while making minor modifications.
Bank of England Governor Visits Navantia UK Shipyard
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…
IES Holdings to Acquire Gulf Island Fabrication
IES Holdings, Inc. and Gulf Island Fabrication, Inc. announced that they have entered into a definitive agreement, providing for the acquisition of Gulf Island, a leading steel fabricator and service provider to the industrial, energy and government sectors, by IES. Under the terms of the agreement, IES will pay $12.00 in cash per Gulf Island share, or an aggregate equity value of approximately $192…
Keel is Laid for Spanish Navy’s New Diver Support Vessel
Freire Shipyard held in Vigo the keel-laying ceremony for the new Diver Support Vessel (NC 739) for the Spanish Navy. Delivery is scheduled for November 2026.The Diver Support Vessel (EAB) will be a specialized platform designed to assist the Navy’s Diving School (EMB) in the training of all diving disciplines. To this end, the new unit will be equipped with systems such as DP-2 dynamic positioning…
Two Russian Oil Tankers Drop Anchor at Sea As Sanctions Hit Sales
Two tankers carrying around 1.5 million barrels of Russian Urals crude have dropped anchor at sea on either end of the Suez Canal, in an apparent sign of the difficulty Moscow is having selling oil after Western sanctions were tightened last month.The vessels Sikar and Monte 1 were both loaded with oil from Russia’s Baltic port of Primorsk in early October and have remained anchored near the canal for over a week…
