"The Year of Glut": 2026 Energy Trends to Track
Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil and gas supplies threaten to sink prices.This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russiain its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S.
China Flexes Military Might Encircling Taiwan
China fired rockets into waters off Taiwan on Tuesday, showcased new assault ships and dismissed prospects of U.S. and allied intervention to block any future attack by Beijing to take control of the island in its most extensive war games to date.As part of drills rehearsing a blockade, China's Eastern Theatre Command conducted 10 hours of live-fire exercises, launching rockets into waters to the north…
HII Delivers Destroyer Ted Stevens (DDG 128) to U.S. Navy
HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders.“The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the fleet,” said Brian Blanchette, Ingalls Shipbuilding president.
USCG Awards Icebreaker Vessel Construction Contracts
The U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers between the United States and Finland..Contracts were awarded to Rauma Marine Constructions Oy of Rauma, Finland, and Bollinger Shipyards Lockport, L.L.C. of Lockport, Louisiana, and are the result of President Donald Trump and Secretary of Homeland Security Kristi Noem’s international…
Subsea Vessel Market Outlook 'Robust' for 2026
Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure- remains robust. The market is watching closely how the influx of newbuilds…
CPC Suspends Black Sea Oil Exports After Storm Halts Terminal
The Caspian Pipeline Consortium, which delivers oil from Kazakhstan, said it had suspended oil exports from the Black Sea's terminal on Monday due to bad weather.It also said that terminal has halted oil intake due to full reservoirs until weather improves.CPC's loading operations have already been constrained by the Ukrainian drone attack on November 29.The exports bottlenecks at the terminal near the Russian Black Sea's port of Novorossiysk…
Greece, Israel and Cyprus to Step Up Defense Cooperation in Mediterranean
Greece, Israel and Cyprus will step up joint air and naval exercises in the eastern Mediterranean in 2026, deepening their defence cooperation, Greek military officials and a senior source said on Monday.The three eastern Mediterranean nations have drawn closer over the past decade through joint military drills, defence procurement and energy cooperation, developments closely watched by regional rival…
Shipbuilding a Bright Spot for German Industry in 2026
A majority of German business associations expect job cuts in 2026 as the country's economic crisis persists, with industry hit hardest by global protectionism and weak exports, a survey by the German Economic Institute IW showed on Monday.Of 46 business associations surveyed, 22 anticipate workforce reductions next year. Only nine expect to increase hiring and 15 foresee stable employment levels.The automotive, paper and textile industries are among those expecting production declines.
d’AMICO Orders Pair of Eco Design Vessels
Product tankers shipowner d’Amico International Shipping S.A. said its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a shipbuilding contract with Guangzhou Shipyard International Company Limited (China) for two new Medium Range 1 (MR1 – 40,000 DWT) product tanker vessels at a contract price of $43.2 million each. The ships are expected to be delivered to d'Amico Tankers in April and July 2029, respectively.
"No Find, No Fee" Search for MH370 to Commence
Nearly 12 years after Malaysia Airlines Flight MH370 vanished with 239 people on board, the mystery remains unresolved. Later this month, a new seabed search is scheduled to begin in the southern Indian Ocean, renewing hopes that long-awaited answers may finally emerge.The Boeing 777 disappeared on March 8, 2014, while en route from Kuala Lumpur to Beijing. The passengers included more than 150 Chinese nationals…
Great Ships of 2025: Frederick Paup
15,000 cu. yd. Hopper Dredge = “the Cookie Monster” of Beach ReplenishmentManson Construction Co.’s Frederick Paup is the largest Trailing Suction Hopper Dredge in the United States. Designed and built specifically to meet the needs of the U.S. dredging market, she boasts 25,000 HP and volumetric capacity of over 15,000 cubic yards. Utilizing her triple Z Drives and twin Bow Thrusters enables the Frederick Paup to maneuver and dredge within the tightest channels.
WAPS Make Wind Blow for Vessel Decarbonization
WAPS: Making the Wind Blow for Shipping’s DecarbonizationIn the evolving landscape of maritime decarbonization, few subjects are as timely or arguably as misunderstood as wind-assisted propulsion. Yet the shipping industry finds itself at a decisive moment, driven by regulatory tightening, customer expectations for greener supply chains, and an urgent need to manage escalating fuel costs. Wind-assisted propulsion systems (WAPS)…
Training Tips for Ships: The Compliance Crunch – Preparing Mariners for New Waves of Reporting
The maritime industry is entering a new era of accountability. Environmental standards are tightening, customer expectations are rising, and regulatory bodies are demanding more transparency than ever before. From carbon reporting to waste documentation to diversity and inclusion expectations, the compliance landscape is expanding rapidly. What once felt like occasional paperwork now resembles an ongoing audit.
Renewable Propane Delivers Clean Energy Without the Wait
With lower emissions and proven reliability, it’s the ready-now solution for cleaner port operations.As demand for cleaner energy grows, port authorities and terminal operators face the challenge of finding environmentally friendly options without increasing budgets or sacrificing productivity. Propane has met these performance criteria at ports for decades, powering everything from terminal tractors and forklifts to shore power and generators.
From Kings Point to Yonges Island: Kurt Olsen, VP of Shipyard Ops, Stevens Towing
On Yonges Island, South Carolina, just up the Wadmalaw River from Charleston, the fourth-generation maritime company Stevens Towing Company continues to rewrite its own history. Long known for its towing and barge work, its ship repair business is growing at light speed, transforming what began decades ago as an internal maintenance yard into a dynamic commercial shipyard serving tugs, barges, OSVs, and dredge vessels from Florida to Virginia.
The Third Proviso: Transportation Strategies & Jones Act Compliance
The Jones Act at 46 U.S.C. § 55102 forms the basis of U.S. domestic waterborne commerce by limiting the transportation of merchandise between U.S. points to vessels that are U.S.-built, U.S.-owned, U.S.-crewed, and U.S.-flagged. The Jones Act contains a limited exception known as the “Third Proviso” that permits certain domestic shipments to move through Canada using multimodal transportation without breaching the statute.Purpose and Limits of the Third Proviso.The Third Proviso to 46 U.S.C.
USACE's Major General Jason Kelly & Modernizing America’s Waterways
For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’ (USACE) Civil Works mission, he doesn’t describe a straight line. He describes a journey, one that began “on the business end of the Army,” as he puts it, and evolved into a passion for solving complex problems that impact every American who depends on safe…
German Shipbuilding: 2025 Review, 2026 Outlook
If 2025 proved anything for Germany’s shipbuilding and marine equipment sector, it is that the industry retains both resilience and relevance, even amid geopolitical turbulence. According to The Association for Shipbuilding and Marine Technology (VSM), the year closed with strong order activity, renewed investor confidence and a clear signal that German yards and suppliers remain essential to Europe’s maritime industrial base.One of the year’s most tangible confidence boosters came early.
China Launches Largest-Ever Military Drills Around Taiwan
China launched its most extensive war games around Taiwan on Monday to showcase Beijing's ability to cut off the island from outside support in a conflict, testing Taipei's resolve to defend itself and its arsenal of U.S.-made weapons.The Eastern Theatre Command said it had deployed troops, warships, fighter jets and artillery for its "Justice Mission 2025" exercises to encircle the democratically-governed island…
Woodside, BOTAĹž Shake Hands on Long-Term LNG Supply Deal
Australia’s Woodside Energy has finalized a long-term liquefied natural gas supply agreement with Türkiye’s state pipeline operator BOTAĹž, marking Woodside’s first long-term LNG contract with the Turkish market.Under the sale and purchase agreement, Woodside will supply BOTAĹž with about 5.8 billion cubic meters of natural gas equivalent, or around 0.5 million tons per annum of LNG, for up to nine years…
