Maritime News
Wärtsilä to Supply LNG Cargo, Fuel Systems for Bunker Ships
Wärtsilä Gas Solutions has secured a contract to supply LNG cargo handling and fuel gas supply systems for two 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels under construction at Zhejiang XinLe Shipbuilding yard in China.The vessels will be owned by a Hong Kong-based shipowner. The order was booked in the fourth quarter of 2025.The contract covers the delivery of LNG cargo handling and fuel gas supply systems…
Costamare Dry Bulk Spin-Off Spurs Solid Result
In its Q4 and full-year 2025 earnings release, the Monaco-based containership owner posted full-year 2025 adjusted net income from continuing operations of $375.6 million, or $3.12 per share. Net income from continuing operations available to common stockholders totaled $371.0 million, or $3.09 per share.For the fourth quarter, adjusted net income from continuing operations reached $71.8 million, or $0.60 per share…
Kongsberg Maritime Unifies Digital Portfolio, Launches KM Performance
Kongsberg Maritime has unveiled a consolidated Digital Solutions portfolio and introduced KM Performance, a new solution aimed at improving operational efficiency, reducing emissions and supporting regulatory compliance in marine transportation.The Norwegian marine technology group presented the harmonized portfolio at a digital launch event in Oslo, outlining a unified approach to maritime digitalization.
SIT, Seatrium Launch Offshore and Marine Digital Learning Lab
The Singapore Institute of Technology (SIT) and offshore and marine engineering group Seatrium have launched an Offshore & Marine Digital Learning Lab at SIT’s Punggol Campus, aimed at accelerating maritime digitalization and supporting the energy transition.The lab builds on a 2024 memorandum of understanding between the two organizations and is supported by cash investments from Seatrium. It is designed as a joint industry-academia platform for applied learning…
Fincantieri Unit WASS Wins $237M Saudi Navy Torpedo Contract
Fincantieri said its subsidiary WASS Submarine Systems has secured a contract worth more than $237 million euros to supply MU90 lightweight torpedoes to the Royal Saudi Naval Force.The agreement, awarded by Saudi Arabia’s Ministry of Defense, represents the largest contract in WASS’s 150-year history and includes the supply of torpedoes and associated logistics support services.Deliveries are scheduled between 2029 and 2030 and will be managed from WASS’s facility in Livorno…
Anemoi, COSCO Shipping Deepen Wind Propulsion Collaboration
Anemoi Marine Technologies and COSCO Shipping Heavy Industry have renewed a framework agreement to expand collaboration on the installation of rotor sail wind-propulsion systems across COSCO Shipping subsidiary shipyards.The renewed agreement builds on cooperation that began in 2022, during which the companies completed the installation of nine rotor sails at COSCO Shipping Heavy Industry yards, including…
CMB.TECH to Record $98M Gain from Sale of Two Oil Tankers
Belgian oil tanker group CMB.TECH has agreed to sell two very large crude carriers (VLCCs) in a transaction expected to generate a capital gain of about $98.2 million.The vessels sold are 2012-built, 314,000 dwt Ingrid and Ilma VLCCs.The ships are scheduled to be delivered to their new owner in the second quarter of 2026.CMB.TECH said the capital gain, calculated based on the net sales price and book values of the vessels, will be recognized in the second quarter of 2026.
Kongsberg Maritime to Equip Four Tanker Newbuilds in Transpetro’s Fleet
Kongsberg Maritime has been hired by Consórcio Marenova to design and equip four methanol- and ethanol-ready handy-size product tankers for Petrobras Transporte (Transpetro).The vessels will be built by Consórcio Marenova, a partnership between Ecovix in Rio Grande and MacLaren in Niterói, and will be operated by Transpetro.Kongsberg Maritime said the contract is valued at more than $31 million (NOK…
MOL Takes Delivery of LPG-Fueled VLGC on Charter with TotalEnergies
Mitsui O.S.K. Lines (MOL) has taken delivery of a new liquefied petroleum gas (LPG) dual-fuel very large gas carrier (VLGC), Energia Grandeur.The vessel was ordered by MOL group company MOL Energia from Hyundai Samho Heavy Industries, with delivery taking place off Mokpo port in South Korea on January 29, 2026.Energia Grandeur will operate under a time charter contract for CSSA Chartering and Shipping Services SA…
Sallaum Lines Adds LNG-fueled PCTC to its Fleet
Global operator of roll-on/roll-off carriers Sallaum Lines has taken delivery of the MV Ocean Legacy, a pure car and truck carrier (PCTC) that has joined its Ocean Class fleet.The delivery follows the recent entry into service of the MV Ocean Explorer and forms part of Sallaum Lines’ Ocean Class program, which focuses on fleet renewal, operational efficiency and lower-emission maritime operations.The…
ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow
Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result marked a sharp year-on-year deterioration from the same period in FY2024, reflecting a softer supply-demand balance driven by continued newbuilding deliveries across the global container fleet.For the quarter ended December 31…
Hafnia, Socatra Take Delivery of Fourth Methanol Dual-Fuel Tanker
Hafnia has taken delivery of the ECOMAR GIRONDE, the final vessel in its four-ship ECOMAR dual-fuel methanol newbuilding program developed in joint venture with France’s Socatra, completing the newbuilding series.Built at Guangzhou Shipyard International in China, ECOMAR GIRONDE is a 49,800-deadweight dual-fuel, methanol-capable Chemical IMO II medium-range tanker. With its delivery, the ECOMAR quartet - ECOMAR GASCOGNE…
Stena RoRo Orders Next-Generation C-Flexer RoRo Vessels
Stena RoRo has ordered a new generation of Roll-on/Roll-off (RoRo) vessels, placing firm orders for two C-Flexer RoRo ships with options for an additional four, as the company moves to expand its offering of flexible and future-proofed tonnage for the global market.The vessels have been developed by Stena RoRo in cooperation with Italian design firm NAOS Ship and Boat Design and form part of the company’s…
MOL, ONGC Sign 15-year Charter Deal for Samsung-Built VLECs
Mitsui O.S.K. Lines (MOL) has signed a long-term charter agreement with India’s state-owned Oil and Natural Gas Corporation (ONGC) for two newbuilding very large ethane carriers (VLECs) to be constructed by Samsung Heavy Industries.MOL established two joint ventures with ONGC, with the joint ventures and ONGC signing a 15-year charter contract for the vessels.The two vessels, each with a cargo capacity of 100…
Skarv Shipping Opts for Wärtsilä’s Ammonia Solution for New Cargo Vessel
Technology group Wärtsilä will supply its Wärtsilä 25 ammonia solution to power a new cargo vessel for Norway-based Skarv Shipping Solutions, marking the first newbuild to use the company’s four-stroke ammonia engine technology.The vessel will be constructed at Huanghai shipyard in China and is intended to support Skarv Shipping Solutions’ strategy to deliver sustainable short-sea shipping services…
China, Denmark Extend Green Shipbuilding Cooperation
China and Denmark renewed a memorandum of understanding on cooperation in green maritime technology and shipbuilding during a meeting between the two nations' industry ministers in Beijing on Tuesday, China's industry ministry said in a statement.China is willing to jointly conduct research and development with Denmark on low-carbon and zero-carbon fuel-powered ship technologies and explore cooperation potential in the new energy vehicle sector, Li Lecheng, the Chinese minister, told Denmark's B
Berge Bulk Installs Anemoi’s Folding Rotor Sails on Large Bulk Carrier
Berge Bulk has completed the installation of four folding rotor sails supplied by Anemoi Marine Technologies on its 208,000 DWT Newcastlemax vessel Berge Meru, marking the shipping group’s second wind propulsion project with the technology provider.The installation was carried out at Yiu Lian Dockyards in China in December 2025, and the vessel has since completed its first voyage to Singapore. The…
First of Five Maersk Tankers’ Vessels Fitted with bound4blue Suction Sails (Video)
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels, representing bound4blue’s…
Nuclear-Powered DP Vessels Technically Feasible, Vard Study Shows
A study led by Vard, a subsidiary of Italy’s Fincantieri, has found that nuclear-powered offshore vessels are technically feasible, confirming that small fourth-generation nuclear reactors can be integrated into dynamically positioned vessels while meeting safety, redundancy and operational requirements.Results from the NuProShip II research and innovation project show that nuclear propulsion can support DP2 power architectures…
Chemship Orders Econowind’s VentoFoils for Two More Chemical Tankers
Chemical tanker operator Chemship has placed a repeat order with Dutch wind propulsion specialist Econowind for the installation of VentoFoils on two additional vessels, expanding its use of wind-assisted ship propulsion technology.Chemship said Chemical Contender and Chemical Fighter will each be fitted with four 16-meter ATEX-proof VentoFoils in the second half of 2026, as part of efforts to reduce…
