TKMS Targets Higher Profit Margins as Defense Spending Rises
TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.TKMS, which makes submarines, frigates as well as sensor and mine-hunting technology, has more than tripled its order backlog in five years. It now stands at 18.6…
Diver Linked to Nord Stream Explosions Detained in Poland
Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, prosecutors and his lawyer said on Tuesday.Described by both Moscow and the West as an act of sabotage, the explosions in 2022 largely severed Russian gas supplies to Europe, marking a major escalation in the Ukraine conflict and squeezing energy supplies on the continent.
Alfa Laval Books Fuel Supply System Order for Four New LPG Carriers
Alfa Laval has secured an order for FCM LPG fuel supply system for four new LPG carrier projects in Asia.The orders cover two 50,000 CBM medium-sized gas carriers being built at Jiangnan Shipyard in China for a Vietnamese shipowner, and two 87,000 CBM large-sized gas carriers under construction at Namura Shipbuilding in Japan for a Japanese shipowner.The FCM LPGs will be delivered in 2026, according to Alfa Laval.These latest orders reflect Alfa Laval’s strong relationship with the shipyards…
DMC to Deliver Equipment Packages for 14 MPVs at Indian Shipyards
Damen Marine Components (DMC) has secured contracts to supply rudders, steering gear and nozzles for 14 multi-purpose vessels (MPVs) under construction at two shipyards in India.The contracts cover eight 6,300 DWT MPVs being built by Udupi Cochin Shipyard for a Scandinavian customer, and six 7,500 DWT MPVs being built by Mazagon Dock Shipbuilders for Danish shipowner Navi Merchants.For the Udupi Cochin Shipyard vessels…
Aboa Mare Ups Training Capabilities with Kongsberg Maritime’s Simulator
Finland-based Aboa Mare has strengthened its maritime training capabilities by investing in a K-Sim Engine Full Mission and Desktop Simulator system from Kongsberg Maritime.The delivery is set to be completed in the first quarter of 2026 and will include some of the most advanced simulator models available, comprising both conventional and next-generation propulsion technologies, such as hybrid, battery…
WinGD’s Ethanol-Fueled Two-Stroke Marine Engine to Hit Market in 2026
Swiss marine power company WinGD will offer the first ethanol-fueled two-stroke marine engine next year, with deliveries for newbuild and retrofit applications starting in 2027.The announcement follows a decade of investigation into ethanol fuel, including full-scale engine tests in 2018, and the successful launch of a methanol-fueled engine that uses the same combustion concept and is subject to the…
Wärtsilä to Safeguard Ops of OPearl’s 14 LNG Carriers
Technology group Wärtsilä has signed a ten-year lifecycle agreement with Hong Kong-based OPearl LNG Ship Management covering a total of 14 LNG carrier vessels.The agreement is designed to ensure the vessels’ maximum operational reliability by enabling flexible maintenance scheduling and optimizing time between overhauls (TBO).The scope of the agreement includes Wärtsilä’s Dynamic Maintenance Planning solution…
Jan De Nul Orders Largest Rock Installation Vessel to Protect Subsea Infrastructure
Belgian marine contractor Jan De Nul has ordered a rock installation vessel, specifically built to strengthen the protection of offshore energy and subsea data infrastructure.The vessel, named George W. Goethals, will be the company’s largest rock installation ship to date, with a carrying capacity of 37,000 tonnes. It will be equipped with ultra-low emission technology and engines capable of running on biofuel and green methanol.According to Jan De Nul…
DeepOcean Gets Offshore Installation Job at Equinor’s Norwegian Fields
Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.DeepOcean’s scope of work entails SIMOPRO installation work on both the Åsgård and Visund fields. The company will undertake onshore project management, engineering and procurement services as well as offshore operations.A…
WSF Ferry Suffers Engine Failure
The Washington State Ferries (WSF) vessel Suquamish suffered a significant main engine casualty while operating on the Mukilteo/Clinton route last week causing the vessel to go out of service in the afternoon leaving one vessel in place to support the route.Unfortunately, this disruption occurred as many travelers were returning from one of the largest motorcycle gatherings in the Pacific Northwest…
MSC Leads in Fleet Value
Using data from VesselsValue, a Veson Nautical solution, Rebecca Galanopoulos has analyzed the global container fleet, finding Swiss based MSC currently owns the most expensive fleet with a value of $49.6 billion.This company is also the largest in terms of vessel numbers with a total of 707 vessels, of which 584 are live and 125 on order.The vast majority of this fleet is in the container sector with Panamaxes and Post Panamaxes accounting for around half of this segment.
Mustang Survival Expands Innovation Capabilities
Mustang Survival, part of Wing Group, is expanding its research and development capabilities through a newly formed R&D and Advanced Concepts team with investments in testing equipment, AI-driven analytics, and global collaborations.Built on decades of problem-solving in the harshest conditions, the company is accelerating the entire cycle — from early-stage research and user engagement, through identifying needs and defining problems…
Panama Canal Introduces New Slot Allocation Program
The Panama Canal Authority has launched LoTSA 2.0, the next generation of its Long-Term Slot Allocation program.Building on the success of LoTSA 1.0, LoTSA 2.0 packages will transition from a 12-month horizon to a more agile 6-month offering, divided into two 6-month cycles. By shortening the commitment window, customers can better align their transit planning with market conditions, seasonal fluctuations…
HOST Acquires Impala Terminals Burnside
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…
Hapag-Lloyd and DHL Partner to Cut Scope 3 Emissions
Hapag-Lloyd and DHL Global Forwarding have signed a three-year framework agreement for the purchase of Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd’s fleet.As part of this agreement, the first order of 25,000 tons CO2e well-to-wake (WTW) emission avoidance was successfully executed in July 2025 with second-generation biofuels produced from waste and residue feedstock.“We are delighted to have completed this order with DHL…
Carnival Raises Profit Forecast
Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs.The cruise operator has been investing heavily to offer more unique and private experiences by expanding its portfolio to meet strong demand for exclusive destinations. These included a $600 million investment in Celebration Key, an ambitious private resort destination on Grand Bahama…
Bent But Not Broken: Lighter Icebreakers
After developing the technique some five years ago, Aker Arctic has now completed the research required to get its new design methodology for icebreaker hulls accepted into the Finish-Swedish Ice Class Rules. The method has also been adopted to Polar Class rules of several Class Societies (LR, ABS, DNV).Although the research focused on vessels typically sailing the Baltic Sea, Aker Arctic has also used the methodology in many of its recent newbuilding designs including…
Shipbuilding Contracts: Lessons Learned from M/V Dali
The owners and managers of the M/V Dali, the ship that destroyed Baltimore’s Francis Scott Key Bridge, have brought a claim in the Pennsylvania Court against the vessel’s shipbuilder, Hyundai Heavy Industries Co. Ltd. The M/V Dali was completed and delivered by HHI in 2015, so is 10 years old.The owners/managers allege strict products liability for defective design and manufacturing, breach of implied warranties, negligent misrepresentation, negligence and an indemnity and/or a contribution.
Italy, Greece Ink Pact for Warships
On the opening day of the Seafuture trade fair in La Spezia, the National Armaments Directors of Italy and Greece signed a preliminary agreement for the sale to the Hellenic Navy, through Fincantieri, of two naval vessels currently in service with the Italian Navy. The signing took place in the presence, among others, of the Italian Minister of Defense, Guido Crosetto, his Greek counterpart, Nikos Dendias…
Baltic Index Vessel Rates Fall Across the Board
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 39 points to 2,220 points.The capesize index dropped 103 points to 3,524 points.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $848 to
