TKMS to Decide on German Naval Yards Kiel Purchase
German warship builder TKMS expects to decide in the next few weeks on whether to buy neighbouring shipyard German Naval Yards Kiel (GNYK), its CEO Oliver Burkhard said on Monday, as the group considers expansion to meet rising demand.TKMS, which was spun off from parent Thyssenkrupp in October, already bought insolvent shipbuilder MV Werften in 2022, and a purchase of GNYK would further increase its capacity at a time when governments boost defence spending.Talks with GNYK…
Oil Prices Fall as Iraqi Production is Restored, Ukraine Talks Continue
Oil prices slipped more than $1 on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine.Brent crude futures were down $1.07, or 1.68%, at $62.68 a barrel by 11:05 p.m. EDT, while U.S. West Texas Intermediate crude was at $59.07, down $1.01, or 1.68%.Iraq restored production at Lukoil's West Qurna 2 oilfield…
Equinor’s First Hybrid Power Complex Starts Operations
Equinor and its Brazilian subsidiary Rio Energy have started commercial power production at the Serra da Babilônia Solar facility in Brazil. Strategically co-located with the existing Serra da Babilônia Wind, this represents the first hybrid asset in Equinor’s power portfolio, comprising 140 MW of solar and 223 MW of wind capacity.Hybrid projects take advantage of the complementary nature of solar and wind resources…
Marine Surveyors Hit With $70,000 After Subcontractor Errors
A single technical error by an uninsured subcontractor has resulted in a $70,000 settlement and prompted International Transport Intermediaries Club (ITIC) to warn ship surveyors of the financial exposure they face when relying on third-party data without contractual protection.The dispute arose after a marine surveyor was appointed by a prospective buyer to confirm that a commercial fishing vessel met the requirements of the relevant maritime safety authority.
Anglo-Eastern, Orca AI Partner to Bring AI-Assisted Navigation to 750 Vessels
Anglo-Eastern Ship Management and Orca AI have entered into a strategic partnership that will see Anglo-Eastern support the installation of Orca AI’s pioneering maritime operations platform across its managed fleet. The collaboration marks the first time a major ship management company has formally committed to support the adoption of AI-driven situational awareness capabilities, highlighting growing demand for related technologies in the maritime industry.
KNUD E. HANSEN Supports RoPAX Ferries for Cook Strait
KNUD E. HANSEN, a naval architecture and marine engineering consultancy, has announced a milestone in its ongoing collaboration with Ferry Holdings Limited. Following the successful signing of the shipbuilding contract with Guangzhou Shipyard International (GSI), two new RoPAX vessels will be built.These vessels are destined for service linking the North and South islands across New Zealand’s challenging…
Fuel Assessment Update of the Mediterranean Emission Control Area
By the end of October 2025, six months had passed since the implementation of the Mediterranean Emission Control Area (ECA). This article will set out to review what’s changed in terms of the fuel mix and fuel quality, across the region between November 1, 2024 - October 31, 2025.The six months leading up to the implementation of the Mediterranean ECA (1st November to30th April 2025), VPS tested marine fuels representing 1,610,852 mt, bunkered in the Top 10Mediterranean ports.
Ocean Winds Hires Seaway7 for Offshore Wind Job in Poland
Seaway7, part of Subsea7, has secured a sizeable contract by Ocean Winds for the work on the BC-Wind offshore wind project in Poland.Seaway7’s scope of work includes the transport and installation of 26 transition pieces and an offshore substation with offshore activity expected to commence in 2027.The BC-Wind offshore site is located in the Baltic Sea, approximately 23 kilometers off the Polish coast…
Wallenius Wilhelmsen Bags $500M for Shipping Services Extensions
Wallenius Wilhelmsen has extended two key strategic contracts for shipping services with an estimated additional value of close to $500 million.The first contract is with a premium European auto manufacturer and is extended by three additional years, with the new contract now ending in 2030.The contract is estimated to have a total value of $580 million, with the extension value being $384 million based on expected volumes. The contract extension includes additional volumes and trade lanes.
Vissim to Provide Vessel Collision Avoidance System for Qatari Offshore Field
Norwegian technology company Vissim has secured a contract with a Qatar-based oil and gas operator to deliver a vessel collision avoidance system at an undisclosed oil field offshore Qatar.As part of a three-year agreement, Vissim will provide specialized software that enables a fully digitized and user-friendly overview of vessel traffic at the offshore field.The core of Vissim’s technology is a specially designed software platform which…
Jan De Nul Unveils ‘Most Advanced’ Wind Farm Installation Simulator
Belgium’s Jan De Nul is commissioning what it calls its most advanced offshore wind installation simulator, a digital twin of its vessels Les Alizés and Voltaire designed to train crews to install the latest generation of giant wind turbines and foundations at sea.The crane simulator, installed at the company’s Aalst office, features a seven-meter-wide dome offering a 360-degree view and allows operators…
IWS Fleet Fills Charter Gaps, Secures New CSOV Deals Into 2028
Integrated Wind Solutions (IWS), through its subsidiary IWS Fleet, has secured additional charter commitments for its Skywalker-class commissioning service operation vessels (CSOVs), closing gaps in its near-term schedule and expanding its multi-year backlog.IWS Fleet said it filled a gap in employment for the IWS Sunwalker in the first quarter of 2026 by securing a 70-day fixed charter extension.
Another Low Supply Week for Ship Recyclers
December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.70/barrel (expected to breach…
CATL Unveils "Ship-Shore-Cloud" Electric Vessel Solution
Contemporary Amperex Electric Vessel (CAEV), a subsidiary of CATL, officially launched the world's first and only "ship-shore-cloud" zero-carbon shipping and integrated smart port solution at Marintec China 2025.The solution is designed to increase vessel electrification.Su Yiyi, General Manager of CATL Electric Vessel Department and Contemporary Amperex Electric Vessel said that previously, power supply, energy replenishment, and maintenance services were provided by separate suppliers.
U.S. Oil Production Still has Growth Potential
Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion.According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025, a remarkable recovery since bottoming out in 2008 below 5 Mb/d.The shale oil boom was primarily responsible for this turnaround. The decision to allow crude oil exports from the U.S. at the end of 2015 also contributed, because it made U.S.
Red Sea Return Imminent for Container Shipping
Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The first vessel to complete a full service loop via Suez Canal will be CMA CGM Verdi, sailing from Karachi to New York on 15 January. eeSea by Xeneta data shows…
Texas A&M Develops Smart Navigation Assistant
Ocean engineering researchers at Texas A&M University are developing a smart system to combat collisions between ships and stationary structures such as offshore platforms. By combining raw radar imaging data with advanced machine learning, the researchers have created SMART-SEA, a system that gives seafarers real-time guidance on how and when to maneuver their vessel.SMART-SEA can detect stationary objects in all weather conditions…
Class NK GDA for World First Vessel Tank Tech
Mitsubishi Shipbuilding Co., Ltd., part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Steel Corporation have received the world’s first General Design Approval (GDA) from ClassNK for a breakthrough tank technology that enables the manufacture of large low-pressure liquefied CO₂ (LCO₂) cargo tanks without post-weld heat treatment (PWHT). The achievement marks a significant step toward scaling up CO₂ transport capacity to support global carbon capture…
Incident off Yemen as Vessel Reports Fire Exchange with Multiple Small Boats
A vessel located 15 nautical miles west of Yemen reported an exchange of fire after sighting about 15 small craft at a range of 1–2 cables, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Friday.The vessel said the craft later left the area and that it remains on high alert.The ship's master reported the crew was safe and that it is continuing to its next port of call.(Reporting by Jana Choukeir and Tala Ramadan; Editing by Christopher Cushing, Alexandra Hudson)
Dajin Forms Offshore Wind Alliance with German Port Terminal Operator
Dajin Heavy Industry and Germany’s Briese Schiffahrt have signed a memorandum of understanding to develop offshore wind marshalling services at a new terminal in the Port of Cuxhaven in Germany.The agreement, signed on November 26, aims to establish an international offshore wind industry hub on more than 20 hectares of newly built port area in Cuxhaven.The initiative will use Dajin’s fleet of deck…
