Agreement News

Titan Clean Fuels has signed an off-take agreement with green energy supplier TURN2X to deliver e-Methane to the maritime industry from 2028 onwards.Titan operates seven bunker vessels and is able to deliver in around 52 ports today.TURN2X’s modular and load-flexible production plant in Miajadas, Spain, converts renewable energy and biogenic CO₂ into ISCC-certified e-methane. This green fuel is then fed into the grid and transported to major European ports, where Titan bunkers it to ship operators.E-methane can achieve net-zero greenhouse gas (GHG) emissions on a well-to-wake basis…

American Roll-On Roll-Off Carrier (ARC) announced it would deploy the LifeFinder safety tech platform under a five-year agreement across its fleet of ten U.S.-flag roll-on/roll-off vessels to strengthen mariner safety and emergency response capabilities. The decision follows a successful year-long pilot installation on board the vessel M/V Patriot. ARC and LifeFinder worked closely to tailor the platform to the specific vessel layout, safety procedures and operational requirements.

Under the agreement, Steerprop will be able to order tailored simulator training from Aboa Mare for its customers. The training programs are designed to support the safe and efficient operation of vessels fitted with Steerprop propulsion equipment across a range of operating conditions and vessel types.The services consist of simulator-based courses organized together with Aboa Mare, focusing on vessel handling, maneuvering and operational decision-making using propulsion systems supplied by Steerprop.

Japan’s Mitsui O.S.K. Lines, Hitachi and Hitachi Systems have signed a memorandum of understanding to develop floating data centers by converting second-hand vessels, aiming to meet growing demand driven by artificial intelligence.Under the agreement, the companies will conduct feasibility studies, including demand verification, technical specifications and operational procedures, with a view to starting operations from 2027 or later.The initiative targets Japan as the primary market…

Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast, but below the previous year, particularly owing to lower freight rates and higher operational costs.“2025 was a good year for Hapag-Lloyd with solid results. We have grown our volumes and outperformed the market. Our Gemini network delivered 90% schedule reliability and customer satisfaction reached another record high.

Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under the agreement, Baker Hughes will provide two LM6000PF gas turbine-driven centrifugal compressor trains and three NovaLT16 gas turbine generator packages for the first phase of the project, which is expected to deliver 2.1 MTPA as part of a planned four-phase development.The project, located in U.S.

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has appointed Mark Offshore as commercial and operational manager for the vessel’s activities within the renewables and energy sectors.The addition of Mintis is aimed at supporting offshore wind, marine survey and nearshore energy projects, as…

AI-driven maritime safety and security systems specialist Zelim has secured a contract to supply its AI-enabled man-overboard (MOB) detection system to four hybrid-electric ferries being built for Canadian operator BC Ferries.The agreement, signed in February 2026, will see Zelim install its ZOE MOB detection technology on the vessels, with installation expected to begin in 2027. The ferries are scheduled to enter service in 2029 as part of a fleet renewal program.The new vessels will replace four ageing ferries within BC Ferries’ network…

Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%, to $102.83 a barrel at 0710 GMT, while U.S. West Texas Intermediate (WTI) CLc1 climbed $2.49, or 2.8%, to $90.62.Crude futures dropped more than 10% on Monday, after Trump ordered a five-day delay to attacks on Iran's power plants, saying the U.S.

The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.His administration has moved to increase domestic fossil fuel production and scrap policies…

GT Wings has signed a Memorandum of Understanding (MoU) with Zunsion Technology in China to establish a strategic manufacturing partnership for its AirWing Jet Sail wind propulsion system.The agreement creates a framework for industrial scale production of AirWing units in China, combining GT Wings’ wind propulsion technology expertise with Zunsion’s automation manufacturing capabilities.The MoU establishes the foundation for a long-term industrial collaboration aimed at accelerating…

Kongsberg Discovery and Fugro have signed a new framework agreement that strengthens a decades-long technology partnership between the two companies. The contract, confirmed at Oceanology International in London, positions Kongsberg Discovery as a key supplier of advanced hydroacoustic and positioning technologies across Fugro’s global fleet, including the company’s expanding portfolio of uncrewed surface vessels (USVs).The new agreement reinforces Kongsberg Discovery’s position as a preferred technology partner for Fugro…

CK Hutchison posted a 7% rise in 2025 underlying profit on Thursday, as the market awaits updates on the company's proposed sale of its ports business and other spin-off plans.The Hong Kong ports-to-telecoms conglomerate reported underlying profit of HK$22.3 billion ($2.85 billion) on a post-IFRS 16 basis. That compared with an HK$22.9 billion LSEG SmartEstimate and the HK$20.8 billion booked a year earlier.Including a one-time non-cash accounting loss, net profit fell 31% from a year earlier to HK$11.84 billion.The conglomerate…

Seatrium has entered into a new agreement with Royal Caribbean Group, reinforcing a longstanding strategic partnership since 2012 with Seatrium’s Repairs & Upgrades business.Under the new agreement, Royal Caribbean Group is expected to dock a significant number of cruise vessels for statutory inspections, repairs and upgrades at Seatrium’s facilities over the next several years, providing sustained workload visibility for the Group’s Singapore yards. The contract covers Royal Caribbean Group’s global fleet across its leading brands including Royal Caribbean…

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted oil and gas shipping and halted some output.France's TotalEnergies, which has the biggest upstream exposure to the region compared with its global output, has said some 15% of its production is offline due to the war.Here are some details on the majors' production in the Middle East, in alphabetical order:BPBP's oil and gas output in the Middle East in 2025…

Stolt-Nielsen Limited and Nippon Yusen Kabushiki Kaisha announced that, through Stolt-Nielsen’s subsidiary Stolt-Nielsen Gas Ltd., Stolt-Nielsen has entered into a share purchase agreement to sell 50% of Avenir LNG Limited to NYK Line. Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating a global fleet of LNG bunker vessels.With this partnership, Stolt-Nielsen and NYK Line will expand their future small-scale LNG and LNG bunkering opportunities through the joint venture…

U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U.S. natural gas as LNG to non-free trade agreement (FTA) countries from the Plaquemines LNG Terminal.Plaquemines LNG is now authorized to immediately export a total of 3.85 Bcf/d to both FTA and non-FTA countries.“At a time when Iran and its terrorist proxies attempt to disrupt the global energy supply…

NYK Group has reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco.Saga Welco, a Norwegian shipping operator specializing in transporting cargo via open-hatch vessels, is currently jointly owned by NHE and the Westfal-Larsen Group, with each party holding a 50% stake. The transaction is expected to be finalized within 2026, subject to regulatory approvals in various jurisdictions.Saga Welco operates a fleet of 48 open-hatch vessels and offers worldwide semi-liner services originating principally from the east coast of South America.

This week, CMA CGM and SIPG Energy successfully completed the bunkering of 3,643 tons of bio-methanol for the CMA CGM Osmium at Yangshan Port in Shanghai. This operation marks CMA CGM’s first bio-methanol bunkering worldwide and sets a new national record for the largest single bio-methanol bunkering operation carried out at a Chinese port.As part of its commitment to achieving Net Zero Carbon by 2050, the CMA CGM Group is preparing to operate around 200 dual‑fuel container vessels by 2031…

Damen Shipyards Group has signed a memorandum of understanding (MoU) with FN Herstal, laying the foundation for a strategic industrial participation in maritime defense.The two parties aim to collaborate closely on the integration of FN solutions with Damen vessels, and the development of the regional, European and NATO defense eco-systems.The agreement provides for close collaboration in innovation and engineering, including the joint exploration of advanced maritime solutions…

HII has announced that all five collective bargaining units at its Ingalls Shipbuilding division have ratified new collective bargaining agreements, securing an immediate 18 percent or higher base wage increase for union-represented shipbuilders.This is the largest single wage increase in Ingalls Shipbuilding history and will extend the contract through March 8, 2031.The Ingalls Shipbuilding Collective Bargaining Agreement, for union-represented shipbuilders, provides historic wage growth of 35 to 47 percent through 2031.

Mediterranean Shipping Company (MSC) signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive container terminal spanning 30 hectares within Snake Island Port (SIP), Lagos.The new container terminal will be completed by 2028 with a 910-m quay, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and up to 18 meters of draft.“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port," said Nigerdock CEO, Maher Jarmakani.

Equinor has entered into a two-year bio-methanol supply agreement with Wallenius Wilhelmsen, a major global player in shipping and vehicle logistics, supporting a growing marine segment for low-carbon fuels.Soon bio-methanol from Equinor will fuel ships that are bringing cars and machinery from points of production to markets. Wallenius Wilhelmsen is a roll‑on/roll‑off (RoRo) shipping and vehicle logistics giant, and will use the bio‑methanol as bunker fuel for its upcoming dual‑fuel…