Estonian State Fleet Orders Ice-Class Hybrid-Electric Ferry
The march toward zero-emission ferry transportation continues, and this time the momentum is coming from the Baltic.Estonian State Fleet has signed a contract with Polish shipbuilder CRIST S.A. for the design and construction of what will become Estonia’s first fully electric passenger ferry, a nearly €50 million investment that underscores how aggressively regional ferry operators are moving to modernize aging fleets while cutting emissions.Set for delivery in late 2028…
Hormuz Disruption Drives Panama Canal Transits
"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The Iran War and the subsequent reduction in Strait of Hormuz transits have disrupted exports from the Persian Gulf…
Feadship Unveils Project 104 Yacht Images
Feadship released new imagery of the 101.20-m Project 1014 following the yacht’s recent sea trials in the North Sea, offering a closer look at the yacht’s profile and detailing.Designed by British studio RWD, Project 1014 is defined by elegant, uninterrupted lines, with a focus on integrating the yacht into its surroundings rather than imposing on them.Light and water play across the deep navy hull, while subtle bronze detailing adds warmth and refinement.
BV to Launch Athens Survey Center
Bureau Veritas Marine & Offshore (BV) will launch its latest Remote Inspection Technique (RIT) center in Athens, Greece, during a Digital Solutions Seminar at Posidonia 2026. The event – How Bureau Veritas Digital Solutions Reduce Risk, Lower Cost & Enhance Asset Value – will bring together industry leaders to explore how digitalization is reshaping risk management, operational performance, and supporting…
Jotun's Hull Skating Solutions Receives DNV Verification
Jotun's Hull Skating Solutions (HSS) has received independent verifications from DNV, confirming that vessels maintained clean hulls, with no measurable speed loss during the period reviewed.The independent verification confirms no measurable speed loss and an always clean hull under real operating conditions. Based on a combined assessment of physical in-water inspections and verified performance monitoring in line with ISO 19030…
SubSea Craft Expands Operations to Virginia Beach
British maritime technology company SubSea Craft has announced plans to expand its operations to Virginia Beach. The company’s expansion into Virginia Beach represents a step in growing its U.S. footprint, while strengthening collaboration opportunities within one of the world’s most concentrated maritime and defense ecosystems. As part of its expansion, the company anticipates hiring for a range of positions spanning leadership…
Fincantieri, Teijin Partner on Navy Ship Composite Bulkheads
Fincantieri has signed a memorandum of understanding with Teijin Automotive Technologies to jointly develop advanced composite bulkheads for naval vessels, marking another step in the shipbuilder’s push to expand beyond traditional steel construction.Under the agreement, Teijin Automotive Technologies—the European arm of Japan’s Teijin Group—will lead engineering and industrialization efforts, with…
QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure
QatarEnergy has signed a memorandum of understanding (MoU) with the Egyptian government and ExxonMobil to study the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.The agreement will allow the parties to study future growth opportunities and commercial frameworks linked to Egypt’s gas infrastructure and its role as…
EnerMech Teams Up with Optilift for Smart Offshore Crane Ops
Energy services firm EnerMech has signed a multi-year global collaboration agreement with Norway-based technology company Optilift to expand technology-enabled crane and lifting operations across the offshore energy sector.The agreement combines Optilift’s digital lifting technologies and smart sensor systems with EnerMech’s global lifting services and offshore support network spanning 26 locations…
Fincantieri, Teijin Partner on Composite Bulkheads for Ships
Fincantieri and Teijin Automotive Technologies have signed an agreement to develop non-structural composite bulkheads for maritime vessels, as shipbuilders seek lighter materials and new design solutions for civil and naval ships.Under the memorandum of understanding, Teijin Automotive Technologies, a European unit of Japan’s Teijin, will lead engineering and industrialization activities with support from Italy’s Fincantieri…
MOL Inks First Annual LNG Bunkering Deal for Car Carriers in North America
Mitsui O.S.K. Lines (MOL) has signed its first annual contract for liquefied natural gas (LNG) bunkering for car carriers at the Port of Vancouver, expanding LNG fuel supply arrangements for its growing fleet of LNG-fueled vessels operating on North American trade routes.The agreement with Canada-based Seaspan Energy follows MOL’s first LNG bunkering operation on the west coast of North America in March 2025…
GTT Gets Design Work for Industry-First Three-Tank LNG Carriers
French engineering firm GTT has been selected by HD Korea Shipbuilding & Offshore Engineering (HD KSOE), on behalf of the ship-owner BW LNG, for the tank design of the world’s first large-scale LNG carriers featuring a three-cargo-tank configuration.This new design will equip four new buildings - two vessels already ordered in November 2025 and two additional vessels ordered in May 2026.The four LNG…
Oil Prices Rise as Iran Talks Stall and Inventories Shrink
Oil prices edged higher on Thursday, as investors monitored peace talks between the United States and Iran, while supply tightness and U.S. inventory drawdowns provided some support.Brent crude futures LCOc1 rose 40 cents, or 0.4%, to $105.42 a barrel by 0809 GMT, and U.S. West Texas Intermediate futures CLc1 were up 50 cents, or 0.5%, at $98.76.Both benchmarks dropped around 5.6% on Wednesday to their…
IMO Releases Revised Rescue Guide
UNHCR, the UN Refugee Agency, the IMO, and the International Chamber of Shipping (ICS) have released a revised Rescue Guide, a tool to help all partners uphold the humanitarian and legal duties to rescue refugees and migrants in distress at sea and bring them to safety.The revised edition of Rescue at Sea: A guide to principles and practice in the context of refugee and migrant movements comes as tragic…
Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara
Rio Tinto has celebrated the shipment of 8 billion tonnes1 of iron ore to global markets from the Pilbara region, 60 years after the company’s first shipment set sail from Western Australia for Japan.The milestone shipment departed from Cape Lambert port aboard the Juno Horizon on May 19, bound for Nippon Steel Corporation, one of Rio Tinto’s longstanding partners.Rio Tinto’s first Pilbara iron ore…
DLR Celebrates Keel-Laying of Seagoing Technology Platform
The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) has celebrated the keel-laying of its seagoing technology platform at the FSG Shipyard in Flensburg.The ship, named Modularis, will serve as a floating laboratory for innovative maritime technologies. The name combines the adjective 'modular' with the Latin noun 'maris' ('of the sea'), reflecting how DLR intends to use the…
Third VLCC Exits Strait of Hormuz
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping data on LSEG and Kpler showed.The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to…
Agnico Eagle CEO Bets on Arctic Barge Shipping for Hope Bay Gold Mine
The world's second-largest gold miner, Agnico Eagle, is counting on barge transport through the Northwest Passage to keep the cost of producing gold in its Hope Bay Mine under $1,000 per ounce, Agnico Eagle CEO Ammar Al-Joundi told Reuters, as it attempts to lead a mining revival in Canada's remote Arctic.Agnico Eagle announced on Tuesday that it will invest $2.4 billion to revive the Hope Bay mine in Nunavut…
GO Searcher Multi-Purpose Vessel Returns to Guice Offshore Fleet
Guice Offshore, a leader in the offshore maritime mini supply vessel specialty market, announced the return of GO Searcher to its fleet, bringing the total number of Guice Offshore-owned vessels to 19.The GO Searcher, which has played a role in pioneering aerospace operations since 2014, is a 170-ft. multi-purpose DP1 vessel featuring a helipad. She is dually certified Subchapter L&I, as well as approved…
SAAM Towage to Acquire Five New Tugs from Sanmar Shipyards
SAAM Towage, a leading provider of marine support services in the Americas, has signed an agreement with Türkiye-based Sanmar Shipyards to acquire five new tugboats. The vessels will be gradually added to its fleet as part of its investment and fleet renewal plan.This new agreement builds on the long-standing relationship between SAAM and Sanmar Shipyards, which has already built 13 tugboats for the company.The vessels…
