Techcross Introduces the Siemens NX/PLM System
Techcross held a signing ceremony on May 13 with Siemens Industry Software at Techcross Busan factory together with Space Solution, a company specializing in PLM software development and consulting. Through this project, Techcross became the first company in the marine equipment industry to introduce the Siemens NX/PLM system, initiating the establishment of an Al-driven workflow based on a digitally integrated platform.Based on the technological experise accumulated through the development…
China Connected VLCC Exits Strait of Hormuz, Stops in Oman
A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-tracking data showed.The VLCC Yuan Hua Hu is now anchored off the Gulf of Oman, near where the U.S. Navy has set up a blockade on Iranian vessels, LSEG data showed.The crossing comes as U.S.
Trey Stolz Named as Guice Offshore CFO
Guice Offshore, a leader in the offshore maritime mini supply vessel specialty market, announced the appointment of veteran energy finance executive Trey Stolz as Chief Financial Officer. Stolz brings more than 20 years of experience as an investment banker and equity research analyst focused on the oilfield services industry. He has spent the past nine years in senior operational roles within the sector, most recently serving as CFO for a consolidator of oilfield services companies.
Kongsberg Maritime New Engine Room Simulator Model Receives DNV Compliance
Kongsberg Maritime has received a DNV Simulator Statement of Compliance for its new Engine Room Simulator (ERS) model based on Höegh Aurora (CO₂ Pilot), a flagship vessel in Höegh Autoliners’ Aurora Class.The approval follows a full demonstration and audit of the simulator model, confirming compliance with DNV’s maritime simulator requirements and validating the model’s fidelity for advanced training applications.The Aurora Class represents a step change in sustainable deep-sea shipping.
Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting
As European and international shipping emissions rules continue to expand, maritime technology companies Awake.Al and Tidalis have announced a partnership focused on emissions monitoring and reporting for ports and shipping companies. The collaboration links operational port-call data with existing maritime operational systems to support automated emissions reporting.Awake.Al's emissions monitoring…
Anemoi’s Wind-Assisted Rotor Sails Pass Eight-Year Operational Milestone (Video)
Anemoi Marine Technologies’ Rotor Sail wind-assisted propulsion system has completed more than eight years of continuous commercial operation after M/V Afros successfully passed its second intermediate dry dock survey.The survey, conducted by Lloyd’s Register in China in April, confirmed the structural integrity and operational condition of the vessel’s four Rotor Sails, Anemoi said.The 64,000-deadweight…
Tech Feature: Coatings & Corrosion Control
How Electrostatic Technology Moves from Experiment to Reality Shipyards face mounting pressure to align with the maritime industry’s decarbonization goals. As vessel owners and operators explore alternative fuels, better hull designs and route optimization to cut emissions, shipyards reevaluate their own practices to keep pace. One area of focus includes the coatings application. Among emerging innovations…
Shipping’s Data Problem: From Overload to Insight
Vessel owners of every size, shape and locale today face a mounting opportunity and challenge: effectively utilizing all of the data coming from their vessels, their fleets, and putting that information to work to make maritime operations more efficient and profitable.At “The Business of Shipping” panel on Day 1 of the Connecticut Maritime Association’s Shipping 2026 conference, a senior executive…
DEME Names Norse Energi as Offshore Wind Installation Fleet Expands
Belgian offshore contractor DEME has officially named its new jack-up offshore transport and installation vessel, Norse Energi, strengthening its offshore wind installation fleet alongside sister vessel Norse Wind.Norse Energi wind turbine installation vessel (WTIV) is soon expected to begin operations in the Baltic Sea and North Sea.The initial assignments include Iberdrola’s Windanker offshore wind…
EnergyPathways, ABP Partner on Energy Storage Project at Port of Barrow
EnergyPathways has signed a collaboration agreement with Associated British Ports (ABP) to evaluate the Port of Barrow in northwest England as a location for onshore facilities linked to its Marram Energy Storage Hub (MESH) project.The AIM-listed company said the MESH project, located in the Irish Sea, is expected to combine compressed air energy storage with natural gas and hydrogen storage using subsea salt caverns.According to EnergyPathways…
Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds
Petronas LNG (PLL) has signed a 20-year time charter agreement with MISC Group for five newbuild liquefied natural gas (LNG) carriers as the Malaysian energy company strengthens long-term LNG supply capacity.The agreement covers five 174,000-cubic meter LNG carriers that will be built by Hudong-Zhonghua Shipbuilding in Shanghai, China, with charter commencements expected between 2029 and 2030.The vessels will feature XDF2.1 propulsion technology…
Hapag-Lloyd Swings to Loss on Hormuz Disruptions, Weak Freight Rates
German shipping group Hapag-Lloyd on Wednesday reported a first-quarter loss, citing the impact of lower freight rates and operational disruptions stemming from severe weather conditions and the blockage of the Strait of Hormuz on the back of the Iran war.The group posted a net loss of 219 million euros ($257.00 million) compared to a profit of 446 million euros in the first three months of 2025.Hundreds of commercial vessels and up to 20…
Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday."With Hormuz tanker traffic still restricted, cumulative supply losses from Gulf producers already exceed 1 billion barrels with more than 14 million (barrels per day) of oil now shut in, an unprecedented supply shock…
Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz.The U.S.-Israeli war with Iran has slashed energy exports from a region that normally supplies 20% of the world's crude oil and LNG. The U.S. has blockaded Iranian ports in recent weeks.
South Korea Weighs Phased Role in Hormuz Mission
South Korea is reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defense Minister Ahn Gyu-back said on Wednesday, signaling support steps short of military participation, Yonhap News Agency reported.Ahn told a press conference with South Korean media correspondents in Washington that he had conveyed Seoul’s position at a meeting with U.S. Secretary of Defense Pete Hegseth on Monday."We said at about this level that…
Panama Canal Deputy Administrator Visits Washington
Panama Canal Deputy Administrator Ilya Espino de Marotta has concluded a series of engagements in Washington, D.C., where she met with policy leaders, academics, business representatives, members of the international affairs community and media to discuss the Panama Canal’s role in global trade, sustainability and supply chain resilience.“The Panama Canal remains committed to serving global commerce with reliability…
Vroon to Sell Livestock Carriers to Heytesbury
Vroon Holding has agreed to sell its livestock activities, operated under its subsidiary Livestock Express, to Heytesbury, an Australian agribusiness and shipping group.The transaction marks another important step in the reshaping of Vroon, allowing the company to focus on its key niche markets in energy, liquids, infrastructure and offshore wind.Heytesbury is an established participant in the northern Australian cattle trade…
Hafnia Wins European D&I Award
At a ceremony in Brussels, Danish shipping company Hafnia was selected as the recipient of the Diversity & Inclusion Honours in Maritime 2026.Hafnia won the award for their Hafnia Culture Lab research project conducted in collaboration with the University of Southern Denmark and the Danish Maritime Fund.Initiated in 2023 with independent research by the University of Southern Denmark, the study examined…
NZ Marine Signals Cautious Confidence Amid Economic Pressures
The new executive director of the New Zealand Marine Industry Association (NZ Marine) says that the inherent strengths of the marine industry can help it navigate fuel pressures and challenging economic conditions. Former Coastguard New Zealand CEO Callum Gillespie was named the new executive director of the NZ Marine Industry Association by its board in late April.“New Zealand’s marine industry is resilient…
China and US Agree on Opposing Hormuz Tolls, State Department Says
Senior U.S. and Chinese officials agree that no country can be allowed to exact shipping tolls in the Strait of Hormuz, the State Department told Reuters on Tuesday, in a sign that the two countries are trying to find common ground on efforts to pressure Iran to give up control of the vital waterway.The statement by the State Department comes ahead of a high-stakes summit between President Donald Trump and Chinese President Xi Jinping later this week…
