Europe's Offshore Wind Turbine Prices Jump 40-45% as Supply Tightens
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply, but with GE Vernova having paused new offshore wind orders following a series of technical and operational setbacks, Siemens Gamesa and Vestas now account for virtually all turbines available to European developers.
DNV’s Insight: 38 New Orders for Alternative-Fueled Vessels in April
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 38 new orders for alternative-fueled vessels were placed in April 2026.The majority of these orders (20) were for LNG-fueled vessels. Eight of these were for vessels in the car carrier segment, six for container vessels, four for crude oil tankers, and two for cruise vessels.A further 14 orders were placed for LPG/ethane…
Kongsberg to Supply Propulsion Systems for US Coast Guard Cutter Fleet
Kongsberg Maritime has won a contract from Austal USA to supply propulsion systems for the next four vessels in the United States Coast Guard’s Offshore Patrol Cutter Heritage Class program.The contract covers delivery of Kongsberg Maritime’s Promas propulsion system, as well as steering gear, rudders, fin stabilisers and tunnel thrusters for the vessels.The Offshore Patrol Cutter program is expected…
GTT Books Five LNG Carriers Tank Design Order
French engineering firm GTT has secured an order from the Hudong-Zhonghua Shipbuilding shipyard for the tank design of five new liquefied natural gas (LNG) carriers on behalf of MISC, the ship-owner.GTT will design the cryogenic tanks of the vessels, which will each offer a total capacity of 174,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system developed by GTT.Delivery of the vessels is expected between 2029 and 2030.
DOF to Build Four New Subsea Vessels for Petrobras Work
DOF Group has secured four 12-year charter and services contracts in Brazil following a competitive tender process, supporting Petrobras’ deepwater subsea inspection, maintenance and repair operations.The contracts will lead to the construction of four new remotely operated vehicle support vessels (RSVs), with operations expected to begin from 2030, DOF said.The vessels are expected to be built by Brazil’s Navship yard…
HMM Vessel Damaged in Hormuz Blast to Be Towed to Dubai
South Korean shipper HMM said on Wednesday it had secured a vessel to tow a bulk carrier it operates to a port in Dubai after an explosion and fire damaged the ship, which had been stranded in the Strait of Hormuz.U.S. President Donald Trump blamed the incident on an Iranian attack, while South Korea's Foreign Ministry said the cause of the fire would only be confirmed after the vessel was towed back…
IACS Publishes Results of Emergency Power Supply Inspection Campaign
IACS, the membership organisation for the world’s leading classification societies, has published the results of its Concentrated Inspection Campaign on Emergency Power Supply Tests on ships, conducted during 2025, and made a number of recommendations that will improve compliance with SOLAS requirements.The campaign was launched in response to concerns raised by the Tokyo MoU over risks in the testing procedures…
Sentinel Midstream to Begin Building Texas Deepwater Oil Export Port
Oil transportation and storage company Sentinel Midstream said on Tuesday it would immediately begin construction of its deepwater oil export project off the Texas coast, marking the first development of a large-scale export project in the United States in years.Sentinel expects to begin commercial operations of the Texas GulfLink system by the fourth quarter of 2028, said Bruce Heine, the company's senior VP for public affairs…
Trump Pauses Effort to Escort Ships in Strait of Hormuz
U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran."We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom ... will be paused for a short period of time to see whether or not the Agreement can be finalized and signed…
Oil Prices Fall 3% As Ship Passes Through Hormuz, US-Iran Ceasefire Holds
Oil prices fell about 3% on Tuesday with at least one vessel passing through the Strait of Hormuz after the United States said the ceasefire with Iran remained in place despite exchanges of fire between the U.S. and Iran following a U.S. effort to reopen the strait for oil tankers and other ships.Brent futures fell $3.43, or 3.0%, to $111.01 a barrel at 10:29 a.m. EDT (1429 GMT), while U.S. West Texas Intermediate (WTI) crude fell $4.55, or 4.3%, to $101.87.
Red Sea Tensions Reshape Alliances, US to Lift Eritrea Sanctions
The United States is set to remove sanctions against Eritrea, according to an internal U.S. government document seen by Reuters, a decision analysts linked to the African state's strategic location on the Red Sea shipping route.The U.S. move is aimed at improving ties with Eritrea, which has a long Red Sea coastline opposite Saudi Arabia, while also sending a message to neighbouring Ethiopia not to go to war with its longtime Horn of Africa foe…
US Claims Iran Ceasefire, UAE Under Attack
The United Arab Emirates said it was under attack from Iranian missiles and drones on Tuesday, even as Washington said a shaky ceasefire was intact despite an exchange of fire the previous day as U.S. forces attempted to force open the Strait of Hormuz.The U.S. military said it had destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a campaign he called "Project Freedom".U.S.
US, Bahrain Support UN-Backed Resolution for Strait of Hormuz
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain‑backed draft resolution that could lead to sanctions against Iran, and potentially authorise force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.Fresh exchanges of fire on Monday underscored the stakes as the U.S. and Iran struggle for control of the narrow waterway…
Hantavirus Outbreak on Cruise Ship Likely From Human to Human Transmission
The World Health Organization said on Tuesday that it suspects some rare human to human transmission of the deadly hantavirus took place between very close contacts on board a luxury cruise ship hit by seven confirmed or suspected cases.Human to human transmission is not common, and the U.N. health agency reiterated that the risk to the wider public was low from a disease typically spread from contact with infected rodents.A Dutch couple and a German national have died…
MARTAC T38 USV Completes 8-Day Autonomous Mission Offshore
Maritime Tactical Systems, Inc. (MARTAC) announced that its T38 Devil Ray unmanned surface vessel (USV) has completed a record-setting 8-day, completely autonomous mission off the coast of California, demonstrating a level of endurance, reliability and operational control not previously achieved in its class.The USV, owned and operated by Naval Air Warfare Center Weapons Division’s (NAWCWD) Point Mugu Sea Range through its Future Capabilities Office’s Blue Water Instrumentation (BWI)…
Henriksen Launches New Slipway LARS System
A newly designed automatic launch and recovery system for small boats and unmanned surface drones (USVs), has been developed by Henriksen AS of Norway and will be presented for the first time at Seawork (Stand F34) in Southampton, June 9-11.The new system enables the automated launch and recovery of craft from the stern ramp of a mother vessel. The Henriksen slipway system now makes it possible for…
Wärtsilä Launches Grease Trap Series for Onboard Wastewater Management
Wärtsilä Water & Waste, part of technology group Wärtsilä, has introduced a flexible and modular grease trap product line designed to separate fats, oils and grease from galley wastewater streams onboard merchant vessels, cruise ships and offshore platforms. The solution supports improved wastewater management while contributing to protection of the marine environment by capturing fats, oils, and grease…
Tug Network Team Hires Former Sulnorte CEO as Executive Director
Tug Network Team has appointed Felipe Gouvêa as executive director as the towage alliance moves to strengthen coordination and expand its international operations.The alliance, launched in the Americas in 2024 and recently expanded into Europe, connects operators across 113 ports in 13 countries with a combined fleet of more than 200 tugs.Gouvêa previously served as chief executive of Brazilian towage operator Sulnorte and has held senior roles across shipping…
DFDS Buys Ro-Pax Ferry Stena Vinga from Stena Line
DFDS has agreed to acquire the Ro-Pax ferry Stena Vinga from Swedish operator Stena Line, strengthening its fleet and supporting services linking Jersey with the U.K. and France.The vessel is currently chartered by DFDS and has been operating on its Jersey routes since March 2025, carrying both freight and passengers.The 125-meter vessel, built in 2005, can carry up to 400 passengers, 200 cars and has freight capacity of 1,500 lane metres.
Reach Subsea Closing In On Multi-Year IMR Services Deal
Norwegian subsea services firm Reach Subsea has received a letter of intent for a multi-year contract covering inspection, maintenance and repair (IMR) and light construction services in the Mediterranean and Black Sea.Aside from the letter of intent, covering a 2+1-year IMR and light construction services, Reach Subsea has also entered into a separate letter of intent with Solstad Maritime for the…
