MISC Reports First Quarter Increase in Revenue
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days, and higher revenue from Marine and Heavy Engineering segment, primarily from the ongoing projects advancing into…
MacGregor Sees Strong Year Despite Order Dip in First Quarter
Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.MacGregor CEO Jonas Gustavsson said: “The first quarter of 2026 marks a solid start to our first full year as a standalone company.“Our orders received totalled EUR 252.3 million ($294 million), representing a 7% decrease compared to the first quarter of the previous year.
Grimaldi Christens Ammonia-Ready PCTC
Grimaldi has christened its latest ammonia-ready PCTC Grande Svezia at the port of Wallhamn, Sweden.With her name, the Grande Svezia pays tribute to a country that has been regularly served by Grimaldi vessels for more than 30 years. Furthermore, the port of Wallhamn, chosen for the christening ceremony, is Sweden’s only private port and is managed by the Italian shipping group. The port is part of the Grimaldi Group’s EuroMed service…
IMO Speaks Out on Resurgence of Piracy
The IMO has released a statement on the resurgence of piracy in the western Indian Ocean and Gulf of Aden region.Somali piracy remains suppressed, but not eradicated, highlights the Chair of the Djibouti Code of Conduct/ Jeddah Amendment (currently South Africa) - a regional initiative implemented by IMO to combat piracy, armed robbery against ships and other illicit maritime activities in the Western…
South Korea Aims to Launch First Nuclear Submarine by the Mid-2030s
South Korea will seek to launch its first nuclear-powered submarine by the mid-2030s, under a new program aimed at countering North Korea's submarine-launched nuclear and missile threats, officials said on Tuesday.Seoul has long sought to join an elite group of nations operating nuclear-powered submarines in a move that could reshape Asia's security landscape and escalate an underwater arms race."The nuclear-powered submarine, which will be built on the basis of a strong South Korea-U.S.
Fincantieri Delivers "Viking Mira" Cruise Ship
Fincantieri and Viking celebrated the delivery of “Viking Mira” at Fincantieri’s shipyard in Ancona.The ceremony was attended by Jeff Dash, Viking’s Executive Vice President and Head of Business Development, Giorgio Gomiero, Senior Vice President Operations of Fincantieri and Gilberto Tobaldi, Director of the Ancona Shipyard.With a gross tonnage of approximately 54,300 tons, “Viking Mira” features 499 staterooms and can accommodate up to 998 passengers.
Jumbo Orders Two New Heavy Lift Vessels
Jumbo has announced the signing of a contract with Daiia Heavy Industry for the construction of two new heavy lift transportation vessels. The vessels will form Jumbo's new L-Class fleet, designed to support a broad range of heavy lift transport operations.Jumbo has developed the energy efficient and methanol ready 25,000 DWT L-Class vessels in-house. This is Jumbo's regular practice, enabling it to incorporate lessons learned into successive generations of vessels…
Crowley Mariners Aboard Stena Immaculate Tanker Honored with Gallant Ship Award
Crowley mariners who served aboard the U.S.-flagged tanker Stena Immaculate were honored with the U.S. Maritime Administration’s (MARAD) Gallant Ship Award during the U.S. Department of Transportation’s National Maritime Day observance in Washington, D.C. The award, one of the maritime industry’s highest distinctions, recognizes the 23-member crew’s extraordinary professionalism, courage and commitment to safety.The award recognizes the crew’s actions during a March 10…
US to Reduce Military Contributions to European Allies
The U.S. intends to significantly reduce military contributions available to assist European allies in a crisis, including fighter jets, warships and mid-air refuelling aircraft, German news outlet Spiegel reported on Tuesday.The NATO alliance is under unprecedented strain, with some European countries concerned that Washington may withdraw outright.U.S. President Donald Trump has slammed European…
Tanker Off Oman Coast Reports External Explosion, Crew Safe
United Kingdom Maritime Trade Operations said on Tuesday that a tanker had reported an external explosion on the vessel's port side, close to the waterline, 60 nautical miles off Oman's capital Muscat.UKMTO said the vessel, identified as the Olympic Life, and its crew were safe, although the tanker reported some bunker fuel had been discharged into the sea.
Pakistan Plans Boost of Domestic Oil Reserves as Hormuz Constraints Expose Vulnerabilities
Pakistan plans to boost domestic storage for crude oil and refined products to increase its energy security, according to a government document that was shared with oil producers and some of the world's leading trading firms.Despite depending on supplies through the Strait of Hormuz for up to 90% of its oil and liquefied natural gas imports, Pakistan has no strategic petroleum reserves.That has left…
Port of Albany-Rensselaer Hosts Maritime Summit
The Port of Albany-Rensselaer, NY hosted a half-day Maritime Summit that featured internationally renowned port, economics, infrastructure, and transportation leaders who addressed the issues, opportunities, and trends facing the transportation/maritime industry here in the Capital Region, across New York State, and around the United States.The Summit showcased the beneficial role that the Port of Albany-Rensselaer and other ports throughout the United States play in everyday life…
Damen to Deliver Multi Cat 2712 to Protunus
On May 21, Damen Shipyards Group signed a contract with Protunus for the delivery of a Multi Cat (MuC) 2712. The vessel will strengthen the operational capabilities of Protunus and Pro Liquid and will support both in-house operations and international charter activities.As a result of Damen's stock building program, the Mud 2712 was already under construction at the shipbuilder's vard in Gorinchem, the Netherlands, when the order was placed.
U.S. Coast Guard Commissions Fast Response Cutter to Honors 9/11 Hero
The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony. Members of the Danz family were also in attendance, including the cutter's sponsor, Ms. Angela Donohue, widow of the late…
IMO Approves New Guidelines for Ammonia-Fueled Vessels
New safety guidelines for the use of ammonia as fuel on gas carriers have been approved at the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC 111), marking a step towards the commercial deployment of ammonia-fueled vessels.The guidelines, developed through collaboration between Lloyd’s Register (LR), the Belgian Federal Public Service Mobility and Transport (FPS Mobility) and gas shipping operator EXMAR…
New Assessment Maps Pathways for Sustainable Maritime Fuels
A new report from the Lloyd’s Register Maritime Decarbonisation Hub (The Decarb Hub) finds that early investment in a small number of strategically positioned hubs and export gateways could accelerate the availability and uptake of sustainable maritime fuels. The report, Building the sustainable maritime fuel supply chain, is the first in The Decarb Hub's “Maritime System in Transition” series. It sets out a global…
Strategic Marine Delivers More Supa Swath CTVs to Mainprize Offshore
Strategic Marine and Mainprize Offshore have signed a Protocol of Delivery and Acceptance (PODA) for the MO15 and MO16 crew transfer vessels (CTVs), extending a multi-vessel offshore renewables vessel program announced in 2024.The agreement follows the earlier delivery of the MO10, MO11, MO12 and MO14 Supa Swath vessels.The new vessels are intended to support offshore wind operations and maintenance activities in Europe as Mainprize Offshore continues expanding its fleet.The vessels…
Sanmar's Dual Fuel Methanol Escort Tug Receives Full Class Certification
Sanmar Shipyards has reached a milestone in sustainable maritime innovation as SD AISEMAHT, the world's first dual fuel methanol escort and rescue tug built for KOTUG Canada, has officially been granted full class certification by ABS.Constructed by Sanmar Shipyards and based on the RAsalvor 4400-DFM design developed by Canadian naval architects Robert Allan Ltd., the 44-meter vessel is one of two new-generation tugs that will support Canada's Trans Mountain Expansion Project (TMEP).
MASS 2026 to focus on Arctic, High North Challenges
MASS and Littoral OpTech conferences converge in Atlantic CanadaThe 13th annual Maritime & Arctic Security & Safety Conference (MASS), hosted by the Atlantic Canada Aerospace & Defence Association (ACADA), and presented by Saab Canada, Inc., will be held June 14-16 at the Convention Centre in St. John's, Newfoundland and Labrador.ACADA represents Atlantic Canada’s aerospace and defence industry and…
ABL Gets Onboard Australia’s Largest Offshore Decom Campaign
ABL has been hired to support Esso Australia Resources as preparations advance for what the company described as Australia’s largest offshore decommissioning campaign in the Bass Strait.The Gippsland Decommissioning Campaign #1 Project is expected to involve removal of up to 13 offshore platforms beginning in 2027 using Allseas’ Pioneering Spirit vessel.Esso, a subsidiary of ExxonMobil, operates the Bass Strait assets as part of the Gippsland Basin Joint Venture.
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