Maritime News
Equinor, SNOC to Explore Joint LPG Shipping, Storage and Trading in UAE
Norwegian energy company Equinor and Sharjah National Oil Corporation (SNOC) have signed a memorandum of understanding (MoU) to explore cooperation in liquefied petroleum gas (LPG) and natural gas liquids (NGL) shipping, storage, trading and logistics in the United Arab Emirates.The agreement, announced on October 20, establishes a framework for assessing potential business opportunities across the downstream oil and gas sector.The companies will evaluate cooperation in infrastructure…
Maritime AI and Logistics Startups Win ZEBOX Competition in Vietnam
ZEBOX, the international innovation accelerator founded by CMA CGM Group Chairman and CEO Rodolphe Saadé, has announced four winners of its first Asia-Pacific Challenge for Impact competition, held in Ho Chi Minh City, Vietnam.The competition, organized in partnership with CMA CGM Vietnam and technology company FPT, focused on developing solutions for maritime operations, logistics and artificial intelligence…
Twelve Migrants Die in Two Boat Capsizings Off Greek Islands
Twelve migrants drowned in two separate incidents off the Greek islands of Lesbos and Samos in the northeastern Aegean Sea on Monday, after their boats capsized as the coast guard chased them, authorities said.Five men and one woman died after a speedboat carrying migrants from Turkey made a sudden manoeuvre and overturned roughly four nautical miles north of Samos, the Greek coast guard said.Fourteen men survived and a search-and-rescue operation was under way.
Rheinmetall, MSC Take Over Romania’s Mangalia Shipyard in $155M Deal
German defense contractor Rheinmetall and Swiss shipping company MSC have won an auction to acquire Romania's Mangalia shipyard for approximately $155 million (€138 million), with plans to develop the facility for both commercial and military shipbuilding.The acquisition, expected to be completed within a few weeks, will be jointly funded by the two companies, Rheinmetall said.The shipyard, located south of Constanța…
Uncertain IMO Rules Weigh on Shipping’s Demand for Cleaner Marine Fuels
Shippers' appetite for lower-carbon marine fuels weakened this year as the fate of a regulatory emissions framework from the International Maritime Organization (IMO) remained cloudy while some are using carbon credits, industry executives said.IMO member nations are set to meet by early November on the formal adoption of a net-zero framework to guide the industry towards zero carbon emissions by 2050…
Iran Steps Up Gulf Shipping Strikes to Keep Oil Prices High Before US Vote
Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the Strait of Hormuz since the US and Israel launched strikes against Iran on February 28. It has restricted passage through the waterway, which carried about a fifth of global oil and liquefied natural gas trade before the war…
Black Sea Drone Attack Sinks Cargo Ship, Leaves 11 Missing
Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.Two cargo ships were hit by drones overnight and one was sunk, Bulgarian officials said. Bulgaria stopped short of explicitly accusing Russia of carrying out the attacks…
GMI Orders PowerCell Systems for Two More Hydrogen-Electric Bulk Carriers
PowerCell Group has received a follow-up order worth $2.7 million (SEK 27 million) from GMI Group for fuel cell systems and engineering services for two additional hydrogen-electric bulk carriers, expanding the collaboration from two to four vessels.The order covers 10 Marine System 225 fuel cell units, providing more than 2 MW of power, with deliveries scheduled between 2027 and 2028.The agreement…
Iran Weighs US Response as Hormuz Reopening Talks Stall
Iran is still reviewing a US response to its proposal regarding the reopening of the Strait of Hormuz and will reply to Washington via intermediaries when the review is over, foreign ministry spokesperson Esmaeil Baghaei said on Monday.Baghaei also told a press conference that Iran continues to exchange messages via intermediaries, without elaborating. Qatar and Pakistan, among others, have acted as…
NYK Simulates Bulk Carrier Grounding, Oil Spill
Japanese shipping company NYK has conducted a maritime emergency response drill simulating the grounding of a large bulk carrier and a subsequent fuel oil spill in Japan's Seto Inland Sea.The full-day exercise, held on September 30, involved a simulated accident aboard an NYK-owned and operated bulk carrier managed by NYK Bulkship Partners (NBSP), an NYK Group company.The scenario involved a vessel approximately 300 meters long and measuring about 100…
Normand Maximus CSV Set for $125M Ownership Transfer
Solstad Offshore has exercised an option to purchase the construction support vessel (CSV) Normand Maximus for $125 million via its subsidiary, with the acquisition scheduled to be completed in October 2027.Solstad Offshore’s subsidiary Normand Maximus declared the purchase option on October 6, 2026, under a bareboat charter agreement signed with Maximus Shipping in October 2022.The agreement gave Normand Maximus the right to acquire the vessel after five years of chartering…
MISC Names First of Three LNG Carriers for QatarEnergy
MISC has named Th’ailib, the first of three new 174,000-cubic-metre liquefied natural gas (LNG) carriers secured under long-term charter agreements with QatarEnergy, at Samsung Heavy Industries (SHI) in South Korea.Th’ailib will enter a firm 15-year charter with QatarEnergy starting in 2026, with two additional vessels scheduled for delivery as part of MISC's participation in the energy company's LNG fleet expansion programme.The three vessels form part of the second phase of the program.
RINA, PTT Team Up on Energy and Maritime Decarbonization
RINA and Thailand's PTT have signed two memoranda of understanding (MoU) to explore technologies spanning low-carbon fuels, vessel electrification, hydrogen and carbon management across the energy, industrial and maritime sectors.The agreements, signed through the PTT Innovation Institute, establish a framework for research, technical cooperation, knowledge sharing and exchange of expertise between the companies.Areas under consideration include alternative and low-carbon fuels…
MacGregor to Equip IWS’ Four Skywalker-Class CSOV Newbuilds
MacGregor has received an order from Nantong Rainbow Offshore & Engineering Equipment to supply motion-compensated cranes and gangways for four additional Skywalker-class commissioning service operation vessels being built for IWS Fleet.The equipment package will include three-dimensional motion-compensated cranes and MacGregor's Horizon gangway systems. The order was booked in MacGregor's fourth-quarter…
DNV Appoints New Head of Miami Cruise Center
DNV has appointed Océane King as head of its Miami Cruise Center, bringing her back to the classification society after seven years at Royal Caribbean Group, where she worked on maritime technology, fleet innovation and decarbonization.King will lead the center's work with cruise operators and industry partners across technical, environmental and operational areas.The Miami Cruise Center serves as DNV's dedicated hub for the North American cruise market…
Veson Nautical Unifies Maritime Platforms with AI Workspace
Veson Nautical has integrated Q88, Q88 Dry, VesselsValue, Shipfix Chartering & Trading and Milbros into its Veson Platform, extending its CoCaptain artificial intelligence (AI) technology across a wider range of commercial maritime workflows.The products join IMOS on a common platform foundation, allowing users to access their existing products through a single login and workspace while retaining their current subscriptions…
ADNOC L&S Orders Three VLGCs for $324M
ADNOC Logistics & Services (ADNOC L&S) has ordered three 90,000-cubic-meter Very Large Gas Carriers (VLGCs) for a total investment of $324 million.The three newbuilds are scheduled for delivery in the second half of 2029, ADNOC L&S said.Upon delivery, the VLGCs will be deployed under seven-year contracts with ADNOC Global Trading.The investment is also valued at $324 million (AED 1.19 billion), according to ADNOC L&S.
Liberty Global Logistics, Hyundai Glovis Study Nuclear-Powered PCTCs
Liberty Global Logistics (LGL) and Hyundai Glovis signed an Memorandum of Understanding (MoU) to evaluate the feasibility of developing and operating a small modular reactor (SMR)-powered Pure Car and Truck Carrier (PCTC), initially targeting service between the United States and South Korea.The MoU moves the nuclear-powered ship project beyond conceptual design toward examining the regulatory, infrastructure, technical and commercial hurdles required for actual operation.
Vard Expands Ship Design Operations in Vietnam
Norwegian shipbuilder Vard, part of Fincantieri, has opened a new design and engineering office in Ho Chi Minh City, Vietnam, and plans to grow its workforce there to more than 40 engineers in the coming years.The new Vard Design and Engineering Vietnam center brings together engineers working across structural design, piping and machinery, HVAC, naval architecture, hydrostatics, stability and marine…
Reach Subsea Keeps Deep Cygnus Subsea Vessel for Another Year
Reach Subsea has exercised a one-year option to extend the charter for Deep Cygnus subsea vessel from Havila Subsea & Renewables, keeping the vessel in its fleet through March 2028.The original charter, announced in July 2022, covered a four-year period with an option for an additional year. Deep Cygnus has been part of Reach Subsea's fleet since 2023.The vessel is equipped for inspection, maintenance and repair (IMR)…