ABS Launches Eagle CRoute Containership Solution
ABS has launched Eagle CRoute, an online tool designed to help containership operators improve operational flexibility through route-based lashing reduction factor calculations.Changing port rotations, blank sailings, evolving stowage plans and shifting geopolitical conditions are increasing pressure on operators to make faster loading decisions. Eagle CRoute supports these decisions by calculating…
Aker Solutions to Deliver HVDC Substructure for Offshore Europe Project
Aker Solutions has been awarded a substantial contract for the delivery of an HVDC substructure for a European offshore wind project by an undisclosed customer.Aker Solutions’ scope includes engineering, procurement and construction.Aker Solutions will book the award as order intake in the second quarter of 2026 in the Renewables and Field Development segment.
Caterpillar MaK Engines Receive Dual-Fuel Conversion Solutions
Caterpillar announced new alcohol-based fuel conversion solutions for MaK engines. The dual-fuel conversion, for M 43 engines, is engineered to operate on up to 95% methanol or ethanol by volume which lowers greenhouse gas (GHG) emissions up to 80%. The fuel-blending conversion allows operators to blend up to 35% methanol or ethanol with marine diesel oil (MDO), marine gas oil or biofuel equivalents to deliver GHG emissions reductions up to 20% for M 20 to VM 43 engines[i].
August Marks First Month With No Scheduled Brent Crude Cargoes
No cargoes of North Sea Brent crude oil are scheduled to load in August as production steadily declines, traders told Reuters on Tuesday, marking a milestone for the global Dated Brent oil benchmark, which prices over 60% of the world's oil.Brent crude from the North Sea lends its name to the global Dated Brent benchmark, used for pricing physical cargoes and underpinning Brent crude futures and other derivative contracts.
Azerbaijan Looks to Legal Framework to Monitor Shrinking Caspian Sea
A legal framework could be drawn up this year on regional cooperation to monitor and seek to adapt to falling water levels in the Caspian Sea, which is shrinking at an accelerated pace, a senior Azerbaijani water official told Reuters.The level of the Caspian, the world's largest inland body of water, has fallen by about a metre (yard) over the last five years, 1.5 metres in the last decade and 2.5 metres over the last 30 years…
Justin Gress Appointed as Chief Operating Officer at HDI Global US
As part of its strategic repositioning in the United States under the Xcelerate29 strategy, HDI Global (HDI) has appointed Justin Gress as Chief Operating Officer (COO) of its US business. The appointment complements the recently announced new leadership and organizational setup, designed to strengthen client centricity and bring underwriting, claims and service teams closer to brokers and clients.Justin…
Parker Towing Company Successfully Repowers M/V Syble Fay
Parker Towing Company has completed the repower of the M/V Syble Fay at Verret Shipyard, replacing the vessel's Cummins QK38 main engines with two Mitsubishi S12R Tier 3 engines supplied by Laborde Products. Each engine is rated at 1,100 horsepower at 1,600 RPM, providing a total of 2,200 horsepower for the vessel's continued service on the inland waterways.The MV Syble Fay is a 78-foot by 34-foot twin-screw towboat with a depth of 10 feet.
AYK Energy to Provide Batteries to Grimaldi Groups' RoPax Vessels
AYK Energy has secured a deal to supply its 2073kWh OrionAN batteries to nine RoPax vessels being constructed for Grimaldi Group as part of its fleet renewal program.The vessels commissioned are being built at China Merchants Jinling Shipyard (Weihai) and will be delivered in 2028-2030.Six of the ships will be deployed in the Mediterranean under the Grimaldi Lines and Minoan Lines brands, while three will be operated by Finnlines in the Baltic Sea.
Albanian Shipbuilding gets a Boost with Fincantieri MOU
Fincantieri has taken another step in establishing a long-term shipbuilding presence in Albania, signing a memorandum of understanding (MoU) to develop the skilled workforce needed to support the modernization of the Pashaliman shipyard and the country's emerging naval industrial base.The agreement, signed with Albanian state-owned infrastructure company KAYO and the "Pavarësia" Vocational Institute in Vlorë, establishes training programs focused on shipbuilding and naval construction.
FLEETEX 250 NATO Exercises Proceed Off US Coast
The warning came booming over the airwaves, in a voice unmistakably from the American south: "Warship! Get out of our waters!"Norwegian Lieutenant Thomas Johannsen and his sailors were preparing for a simulated boarding operation -- a core mission for their NATO maritime unit. But with so many other war games happening in the area, the crew was picking up unrelated chatter from a nearby vessel.Johannsen pivoted to a clear frequency before addressing the cargo ship in his sights.
Is Hormuz Half-Open or Half-Closed? Tanker Rates on the Mend
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports.But the gap between expectation and reality remains wide, leaving the global…
ClassNK Introduces World's First Notation for Shipbuilding Carbon Footprints
Classification society ClassNK has introduced what it said is the world's first notation to indicate that greenhouse gas emissions generated during ship construction have been calculated and undergone third-party verification.The new notation, called ‘a-EA (CFP)’, has been added to ClassNK's Environmental Guidelines and is intended to help shipyards, shipowners and shipping companies demonstrate the…
Veson Nautical Launches AI-Powered Platform for Maritime Trade
Maritime software provider Veson Nautical has launched the Veson Platform, a unified platform that combines its IMOS operating system, CoCaptain artificial intelligence tools, communication capabilities and new data products under a single interface.The company said the new platform integrates IMOS, CoCaptain, Mail, Vessel Insights and Bunker Insights to provide maritime companies with workflows, collaboration tools and data on one platform.For more than 20 years…
Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman
Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development…
Shell Forecasts 65% Surge in Global LNG Demand by 2050
Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday.Global demand is likely to reach nearly 700 million metric tons a year by that date, the world's largest trader of the superchilled fuel said in its 2026 LNG Outlook.LNG trade, which reached 422 million tons in 2025, had been set to increase in 2026, it added.
JS Alliance Successfully Completes Indian Liquid Cargo Berth
The JSI Alliance has successfully completed a major project in India for client Afcons Infrastructure Limited. Afcons was contracted to construct a new liquid cargo berth for Gujarat Chemical Port Ltd. (GCPL). The JSI Alliance was contracted for the execution of critical heavy lifting operations for the development.The project scope was complex, requiring heavy-lift capabilities for the installation of eight jackets and fifteen berthing dolphins weighing between 500 and 600 t…
ABS Helps Blaze a Digitization Path, Reshaping Offshore Energy
The offshore energy industry is in the midst of a new investment cycle, driven by major developments in South America, renewed demand for energy security and an increasing reliance on digital technologies to improve asset performance. For Matt Tremblay, Senior Vice President, Global Offshore at the American Bureau of Shipping (ABS), the opportunities are significant — but so are the challenges.Speaking with Offshore Engineer in Houston…
Eldorado-Vantage Merger Signals Continued Offshore Drilling Consolidation
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.Post-transaction…
US Natural Gas Prices Fall With Ample Supply Maintaining Pressure on Market
U.S. natural gas futures fell for a second straight session on Monday, as ample supplies kept pressure on the market despite forecasts for hotter weather in the coming weeks. On its first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange fell 8.2 cents, or 2.5%, to $3.20 per million British thermal units. The contract is down 2.7% so far this month. "The market…
Oil Prices Rise After US, Iran Attacks and Amidst Hopes of Hormuz Shipping Recovery
Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday…
