Asia News

Seatrium has issued a notice of arbitration against an affiliate of Maersk Offshore Wind, escalating a dispute over the termination of a contract for a wind turbine installation vessel (WTIV) intended for the Empire Wind 1 project in the United States.The move follows a notice of arbitration delivered by the buyer on October 21, one day after Seatrium notified the buyer that the vessel would be ready for delivery by January 30, 2026. The dispute will be heard in London under the…

Strategic Marine has delivered two 42-metre next-generation fast crew boats to NMDC LTS, marking the company’s first vessel delivery to the Middle East offshore services provider.The Generation 4 aluminium vessels were developed in partnership with Prima Marine of Thailand and designed with Southerly Designs to support offshore operations across the region. Strategic Marine said the delivery strengthens its growing footprint in the Middle East market.The fast crew boats feature a high-efficiency hull form, hybrid-ready systems and a reinforced cargo deck.

Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace and told reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU."This is a historical agreement, concluding an issue pending for many years and now look forward to what our countries can jointly create…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.They will be equipped with LNG dual-fuel engines and a significantly enlarged fuel tank, expanded by approximately 50%, to enhance operational efficiency.Of the eight vessels…

Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031. During the third quarter of 2025 the company completed the wind turbine installation vessel Charybdis and the offshore substations Greater Changhua 2b and 4…

A Singapore-registered passenger ferry and a Marshall Islands-registered tanker collided off Singapore’s Southern Islands, the Maritime and Port Authority of Singapore (MPA) said, adding that all passengers and crew were safe.The ferry, Horizon 9, was en route to HarbourFront Centre when it collided with the tanker La Digue at around 5 pm local time, the MPA said.A patrol craft was deployed to escort and guide the ferry back to port, where all 165 passengers and seven crew disembarked…

Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday.The Asia-Pacific Economic Cooperation meeting, hosted by South Korea this year, unfolded under the shadow of rising geopolitical tensions and aggressive economic strategies - ranging from U.S. tariffs to China's export controls - that have pressured global trade.Ahead of the gathering, U.S.

U-Ming Marine Offshore (UMO) and Purus have teamed up to form UPO Holdings (UPO), a joint venture aimed at expanding offshore wind operations in Taiwan and the region.UPO is commissioning two state-of-the-art VARD 419 Commissioning Service Operation Vessels (CSOVs), each 88 meters long and designed explicitly for Taiwan’s operating conditions.The vessels will be equipped with Seaonics All-Electric Walk-to-Work (W2W) 3D gangways, enhanced DP2 dynamic positioning, and hybrid propulsion…

QatarEnergy has signed a 17-year sales and purchase agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Republic of India.Pursuant to the terms of the SPA, the contracted LNG volumes will be delivered ex-ship to terminals in India, starting in 2026.The SPA between QatarEnergy and GSPC builds on their first long-term LNG supply agreement signed in 2019.“We are delighted to extend our valued partnership with GSPC through this long-term SPA…

NYK’s Group company Keihin Dock has signed a joint demonstration agreement with Oceanic Constellations (OC), an ocean-tech startup, seeks to establish a mass-production system for small unmanned surface vehicles (USVs).The move aims to accelerate the development of innovative solutions to tackle industry-wide marine challenges in Japan.OC plans to implement a world-first approach to consistent ocean monitoring by deploying multiple USVs equipped with sensors and communication…

Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally intended for Equinor’s Empire Wind 1 project in the United States.The arbitration notice, received on October 21, comes just one day after Seatrium Energy (International) (SEI), a subsidiary of Seatrium, informed the buyer that the vessel would be ready for delivery by January 30…

The delivery of the next-generation construction support vessel (CSV), under construction at Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas, has been delayed for later in 2026.The delivery of the CSV, which will feature a battery hybrid system and be capable of operating on methanol, has been rescheduled from early 2026 to the third quarter of the same year.The vessel, named Viking Vigor, will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1%.The newbuild will be equipped to perform inspection, maintenance and repair (

A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data. Shipping database Equasis lists the tanker's registered owner as Zelitiko Shipping, and its ship or commercial manager as Gas Carriers SCF Management…

Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm.India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 million barrels per day (bpd) of Russia’s crude in the first nine months of 2025…

ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo Domingo in Dominican Republic.The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022.When completed, it will enhance the Dominican Republic’s energy infrastructure with greater efficiency…

South Korea’s largest shipping company HMM has ordered 12 new 13,000 TEU-class eco-friendly container ships from Korean shipbuilders, as well as two very large container ships, for a total of $2.82 billion.The 12 containerships will be built by HD Hyundai Heavy Industries and Hanwha Ocean, and all of them will be LNG-fueled vessels, HMM said.The details for the other two very large containerships, reportedly ordered by the company, have not been disclosed.According to the company…

At least 10 people were killed and 18 injured after an oil tanker caught fire early on Wednesday as it was being repaired in Indonesia's Riau Islands province, according to local police.Fire broke out on the vessel, the MT Federal II, at around 4 a.m. on Wednesday (2100 GMT Tuesday) at a shipyard in the city of Batam, local police chief Zaenal Arifin said. Batam is around 20 kilometres (12.4 miles) away from Singapore by sea.MT Federal II was docked and undergoing repairs when it caught fire…

Japan’s NYK has signed a long-term time-charter agreement for a domestically built crew transfer vessel (CTV) with Oga Katagami Akita Offshore Green Energy, a joint venture established by JERA Nex bp Japan, Electric Power Development, Tohoku Electric Power, and Itochu Corporation.The 28-meter-long vessel will be constructed by Kosaba Shipbuilding in Kamaishi City, Iwate Prefecture, and will operate along the coasts of Oga, Katagami, and Akita, supporting Japan’s first offshore wind project in general sea areas.The design is based on a model operated by Northern Offshore Services (N-O-S)…

Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States.The contract - secured by Sembcorp Marine Rigs & Floaters in 2022, which is now known as Seatrium Energy (International) - was for the construction of a WTIV for Maersk Offshore Wind through its affiliate.Seatrium received the contract termination notice on October 9…

Belgian marine contractor Jan De Nul has signed a contract with Synera Renewable Energy (SRE) for the installation of export cables on the Taiwanese offshore wind farm Formosa 4.To bring the green energy ashore, Jan De Nul will transport, install and protect 60 kilometers of subsea cables.According to the company, it was also selected as the preferred contractor for export cables on SRE’s wind farm Formosa 6, located 55 kilometers southwest of Formosa 4.Situated 20 kilometers off Miaoli County’s coast…

Ulsan Port Authority (UPA) has completed Korea’s first methanol bunkering for a dual-fuel bulk carrier at Ulsan Port.The STS for a bulk carrier, conducted on September 28, 2025, follows Ulsan Port’s world-first successful methanol bunkering demonstrations for container ships (PTS/STS) in 2023-2024.With the latest achievement, Ulsan Port has expanded its bunkering track record from container ships to bulk carriers.The operation was conducted for Green Future, a methanol dual-fuel bulk carrier chartered by NYK Bulk & Projects Carriers…

DEME, through its Taiwanese joint venture CDWE with CSBC Corporation, has secured a contract for the Formosa 4 offshore wind farm in Taiwan, covering the transport and installation of 35 foundations and the offshore substation, as well as the scour protection works.DEME will deploy several vessels from its fleet, including the floating offshore installation vessel Green Jade, owned and operated by CDWE and the first of its kind designed and built in Taiwan.A rock placement vessel will be deployed for the scour protection works.

Seatrium has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its proprietary FLEXHull 1500K-M floating production storage and offloading (FPSO) design.The AiP underscores Seatrium’s ability to deliver advanced solutions for deepwater oil and gas production, the company said.The FLEXHull 1500K-M is designed to handle topside loads of up to 80,000 metric tons, with a hull that can be adjusted for different requirements. It also features expanded tank capacity…