Fincantieri Wins $30m US Navy Contract for Four Vessels
Italian shipbuilder Fincantieri said on Wednesday its Fincantieri Marine Group unit has won a $30 million contract with the U.S.
US-Sanctioned Russian LNG Makes Its Way to India
A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, LSEG shipping data showed on Wednesday.If it reaches its destination, it would be the first such delivery to India since U.S. President Donald Trump last year said Prime Minister Narendra Modi had assured him India would stop buying Russian energy.India has never publicly confirmed any such pledge and has said its buying decisions are guided by priceā¦
Iran Can Withstand Up to Two Months Without Oil Exports Before Curbing Production
Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country's ports on April 13.The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from reaching its main buyer China.Any Iranian production shutdowns would add to more than 12 million bpd of supply already disrupted by the regional warā¦
ABS, Alfred Maritime Sign MoU for Cruise Safety, Fleet Operations
ABS and Alfred Maritime GmbH have signed a memorandum of understanding (MOU) to explore technical projects that benefit cruise operators, vessels, crews and passengers.The MOU establishes a framework for both organizations to collaborate across three key areas: fleet performance and health monitoring; maintenance optimization; and safety and emergency systems.The collaboration brings together Alfredā¦
Cruise Shipbuilding Keeps European Yards Busy to mid-2030s
A flourishing cruise market and European shipbuildersā unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continentās foremost players.Just how important the segment is to the industry and supply chain may be gauged from the fact that at least three-quartersā¦
Sofar Ocean Launches Spotter Scout USV
Sofar Ocean, a leading ocean intelligence platform, launched Spotter Scout, a rugged, solar-powered uncrewed surface vehicle (USV) built by Online Oceans, a UK-based marine robotics company, that enables persistent ocean sensing in remote and deep water locationsāno moorings, crew, or depth limits.Remote ocean monitoring is typically expensive and complex. Traditional mooring systems are hard to deploy, maintain, and relocate, and often cost more than the sensors they support.
Fincantieri Wins First U.S. Navy LSM Contract, Advances 35-Ship Program
Fincantieri has secured its first contract under the U.S. Navyās Medium Landing Ship (LSM) program, marking an early step in what could become a 35-vessel procurement central to future expeditionary operations.The $30 million award to Fincantieri Marine Group covers long-lead materials procurement and engineering work for the first four vessels. The contract enables the yard to begin early-stage industrial preparationā¦
Ernst Russ AG Acquires Four Chemical Tanker Newbuilds
Ernst Russ AG has entered into an agreement to acquire four modern IMO Type II chemical/product tankers of the Intermediate class (18,500 dwt), with all four vessels secured under fixed charters of at least five years from delivery. The charter backlog of the Ernst Russ Group increases by approximately $126 million.The four newbuildings, built at Wuhu Shipyard Co., Ltd., China, feature a technicalā¦
RightShip Welcomes David Finch as Chief Commercial Officer
RightShip, a maritime digital platform for safety, sustainability, and supply chain risk management and assurance, continues to strengthen its leadership team as part of its ongoing evolution and growth strategy.Over recent years, RightShip has expanded beyond its traditional strengths in vetting and inspections to deliver more connected, insight-led, and customer-centric solutions to the maritime supply chain.
Study From Orca AI, NorthStandard Highlights Role of of AI on Navigational Safety
A large-scale operational study conducted jointly by Orca AI and leading P&I club NorthStandard marks the first time an AI navigation provider and marine insurer have combined large-scale operational data to quantify the real-world impact of AI on navigational safety.Based on data from a globally operating cohort of 139 vessels, the study found that deployment of Orca AIās platform resulted in a 52% reduction in high-severity close encounters over 12 monthsā¦
Sanctioned China-Linked Tanker Turns Back to Hormuz after Gulf Exit
The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a U.S. blockade on vessels calling at Iranian ports.U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal."During the first 24 hours, no ships made it past the U.S. blockade," the U.S.
Exmar Launches FSRU Conversion Work for Dutch LNG Terminal
Exmar said it has launched conversion works for a new floating storage and regasification unit (FSRU) to support the expansion of the EemsEnergyTerminal in the Netherlands.The move follows the signing of a conditional charter agreement covering both the extension of the existing Eemshaven LNG FSRU and a newly converted unit, with EemsEnergyTerminal expected to take a conditional final investment decisionā¦
Toyo, OneSubsea Form Subsea CCS Partnership
Toyo Engineering Corporation has signed a memorandum of understanding with OneSubsea to explore collaboration in subsea carbon capture and storage (CCS) projects.The agreement aims to combine the companiesā capabilities to develop integrated system solutions for subsea CCS, focusing initially on projects in Japan and Southeast Asia.The companies said the collaboration will explore opportunities in areas including system design optimization and marketing strategies for offshore CO2 transportā¦
Gazprom Delivers Second Post-Sanctions LNG Cargo to China
Russian energy giant Gazprom has delivered a second post-sanctions LNG cargo from the Baltic Sea's Portovaya plant to China, LSEG data showed on Wednesday.The small-scale Portovaya plant, which has a production capacity of 1.5 million tons of LNG per year, started operations in September 2022.Exports from the plant have been interrupted by additional U.S. sanctions over the Ukraine war that were imposedā¦
Navigator Gas to Sell Eight Vessels, Exit Unigas JV in $183M Deal
Navigator Holdings has signed a non-binding letter of intent to sell eight gas carriers and its shareholding in a joint venture for about $183 million.The agreement with Bernhard Schulte and Sloman Neptun covers vessels currently managed under the Unigas International joint venture.Navigator said the proposed transaction would see it fully exit the Unigas pool, which will continue to operate with the remaining partners.The vesselsā¦
Wärtsilä Secures VLEC Systems Deal with Hyundai Heavy Industries
Wärtsilä Gas Solutions has been contracted to supply cargo handling and fuel gas supply systems for two very large ethane carriers (VLEC) under construction at Hyundai Heavy Industries (HHI).The vessels are being built for a Malaysian shipowner, with the order booked in the fourth quarter of 2025.Wärtsiläās scope includes engineering of the cargo handling and fuel gas supply systems, as well as delivery of equipmentā¦
Eni Ships Venezuelan Crude to Europe After Two-Year Gap
Oil and gas producer Eni this week finished loading a 1-million-barrel cargo of Venezuelan heavy crude bound for Spain, the first the Italian company receives in almost two years following the issuance of U.S.
FMD Introduces Fully Autonomous USV Recovery System
Fairbanks Morse Defense (FMD) has introduced AutoHook, a first-of-its-kind fully autonomous vessel recovery interface developed by FMDās Norway-based business, Vestdavit. AutoHook is designed for fully autonomous launch and recovery systems (LARS) supporting unmanned surface vehicles (USVs) and other assets requiring zero human intervention. The compact, lightweight form factor is designed for interoperability across allied fleets in demanding maritime conditionsā¦
Evolving Cyber Risk Driven by User Credentials and Human Error
Marlink has released its Cyber Intelligence Report for Remote Operations 2026, highlighting how evolving cyber threats are increasing the risk of disruption across maritime, energy, enterprise and critical infrastructure sectors.The report reflects growing exposure to safety, operational, financial and reputational risk as digital dependency increases across remote environments. Based on continuousā¦
European Industrial Leaders Aim to Accelerate Clean Hydrogen
The European Resilience Alliance for Clean Hydrogen & Derivatives (ERA) was officially launched at the European Parliament in Brussels on April 14.ERA is a pan-European, CEO-led initiative uniting leading industrial companies across the clean hydrogen value chain to address Europe's energy challenges, enhance industrial competitiveness, and secure strategic autonomy in the face of rapidly changing geopolitical and industrial pressures.ERAās founding members include ENAGÁSā¦
