ABB to Power Spanish Navy’s New Hydrographic Vessels
ABB has secured a contract from Spanish shipbuilder Navantia to supply power distribution and propulsion systems for two new coastal hydrographic vessels being built for the Spanish Navy.The vessels, scheduled for delivery by 2028, will be equipped with ABB’s Onboard DC Grid power system, PEMS power and energy management system, transformers, thruster motors and batteries.The systems are designed to improve energy efficiency…
Saronic, Lloyd’s Register Partner on Maritime Autonomy Standards
U.S. autonomous vessel developer Saronic has entered a strategic partnership with Lloyd’s Register (LR) to support the safe deployment of autonomous maritime systems in the United Kingdom, Europe and Australia.The companies said the collaboration would focus on advancing technical standards, regulatory guidance and classification pathways for autonomous surface vessels.Saronic said it would pursue classification activities for its autonomous vessels with LR as part of the agreement.
Ulstein Delivers Cable Layer Newbuild to Nexans
Norwegian shipbuilder Ulstein Verft has delivered Nexans Electra, a DP3 cable‑laying vessel (CLV), to Nexans, strengthening its capacity to install advanced subsea power and communication cable systems.The CLV Nexans Electra is a sister vessel to the CLV Nexans Aurora, which was delivered from Ulstein Verft in 2021, and incorporates enhanced capacity and updated arrangements.The vessel features an additional under-deck turntable with a 3…
Boskalis Orders High-Capacity CLV for Offshore Wind Market
Dutch offshore services provider Boskalis has decided to invest in a new high-capacity cable laying vessel (CLV) to support growing demand in the offshore wind and interconnector markets.The vessel, expected to enter service in 2029, will target long-distance cable installation projects, particularly for high-voltage direct current cables.Boskalis said the CLV will feature two 12,000-ton cable carousels…
Russian Drones Strike Two Ships off Ukraine’s Odesa Coast
Russian drones hit two ships in the Black Sea approaching ports in Ukraine's Odesa region on Monday, including a Chinese-owned cargo vessel, Ukrainian authorities said, after a night of Russian attacks on the area.Ukraine's seaports authority said that the strikes had hit two civilian vessels, one under Marshall Islands flag and another under Guinea-Bissau flag, both of which were heading to ports in the region.The Ukrainian navy reported a strike on the Ksl Deyang…
Norway Signs Up to EU Baltic Sea Cooperation Alliance
Norway said on Monday it has joined the European Union's Strategy for the Baltic Sea Region (EUSBSR), which aims to coordinate work around common challenges, including security aspects.Norway, a non-EU country, will join existing members Sweden, Denmark, Estonia, Finland, Germany, Latvia, Lithuania and Poland in the EUSBSR."Membership will strengthen Norway's cooperation with the EU in a region that has become central to European and Norwegian security," said Norwegian Minister of Foreign Affair
Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran.Brent crude futures LCOc1 climbed $1.65, or 1.51%, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5.U.S.
Global Businesses Face Mounting $25 Billion Fallout From Iran War
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains and trade…
Ship Recycling Market Hits Rare May Supply Squeeze
The Indian subcontinent (especially India and Pakistan) ship recycling market has entered a rare period of inactivity, with Wirana Shipping’s latest market outlook report showing hardly any new recycling candidates circulated during the week and no vessels currently waiting to be beached in India and just one vessel waiting to be beached in Pakistan.The report points to a market where recyclers remain ready to buy, but owners are still finding commercial reasons to keep older vessels trading.
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