Business Development News

For Aimee Andres, the nation’s inland rivers are not an abstract transportation network or a policy talking point. They are personal. Growing up, she spent her formative years around ports, terminals and railroads, watching firsthand how freight moved and how quietly essential inland infrastructure is to the country’s economic engine. That upbringing ultimately led her to a role she has now held for more than a decade: Executive Director of Inland Rivers, Ports & Terminals (IRPT).

ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.”Under the agreement, HD KSOE and HD HSHI will develop the basic design, electrical component specifications and arrangement plans for a nuclear-powered electric propulsion system tailored for container ships. The agreement forms a framework to assess the technical…

Amidst a more complex and uncertain operating environment, Singapore’s MPA is charting the long-term direction for Maritime Singapore. This includes developing strategies to seize growth opportunities and strengthen Singapore’s position as a key node in global trade, while continuing to drive innovation, accelerate technology adoption, and develop a future-ready workforce.MPA is developing the Maritime Singapore Master Plan, an industry-wide blueprint to guide the sector’s longer-term development.

Island Marine Electric has appointed marine technology sales veteran Doug Bennis as Vice President of Sales & Marketing.Bennis brings experience in the maritime and satellite communications industries, where he has led global sales initiatives, developed strategic channel partnerships, and driven revenue growth across commercial and recreational marine markets. With a career rooted in marine connectivity and technology solutions, he has built a reputation for aligning evolving onboard systems with customer and vessel requirements in an increasingly connected marine environment.In his new role…

Frontline’s Ørjan Svanevik has resigned as Director of the company and has been replaced by Mikkel Storm Weum.Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for sale and purchase, newbuildings and projects. He is also serving as a director on the Board of NYSE listed Flex LNG Ltd and on the Board of NYSE listed Star Bulk Carriers Corp.Prior to being employed by Seatankers Management AS, Weum served as Senior Vice President, responsible for Business Development in SFL Management.

GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028.The vessel will be the fourth based on the NG-16000X platform, following an initial U.S.-built unit and two vessels for Cadeler currently under construction at Hanwha Ocean.Designed to support Korea’s offshore wind ambitions…

Blue Water Shipping has announced Andy Tite as Senior Vice President, Head of Projects, effective July 1, 2026. Andy brings experience, knowledge and insight to the projects industry and will focus on further global expansion at Blue Water.Andy has, for the past six years, held senior management positions at DHL, including most recently Vice President, Global Business Development & Commercial Director, Industrial Projects. His career experience to date includes positions at Zeamarine…

Zelim announced the appointment of Mike Collier as Sales Director, effective January 2026. He will lead the organization’s focus on key sectors globally including the cruise and defense industries.Mike joins Zelim from MARSS, where he led business development for the cruise and defense sectors. As part of his 20-year career, including over six years in the cruise sector at Carnival Corporation, Mike led the working group that developed ISO 21195 (man-overboard detection) which was formally published in 2020…

Financial support from federal and state agencies helped Gladding-Hearn Shipbuilding, Duclos Corporation, in undertaking capital projects that have made its shipyard operations more efficient and safer.With a Small Shipyard Grant from the U.S. Maritime Administration (MARAD), the yard replaced heavy bi-fold doors on its 12,000 square foot Walker St. facility. It took two cranes and as many as six employees to open the doors, explained Peter Duclos, shipyard co-president and director of business development.

The count down is on for this year’s CMA Shipping 2026 conference and exhibition taking place from 10–12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking, knowledge sharing, and innovation.CMA Shipping 2026 features a robust conference agenda designed to address the most pressing issues facing the maritime sector.

China-based offshore wind foundations manufacturer Dajin Heavy Industry and Spanish industrial group Zima Equity Investments have signed a memorandum of understanding (MoU) to jointly develop an offshore wind foundations manufacturing facility at the Port of Gijon in Asturias, northern Spain.Under the agreement, the partners plan to establish a manufacturing plant at the Port of Gijon capable of producing foundations for offshore wind projects serving the European market and other global regions.

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced its new Board of Directors leadership David Carver, President of General Dynamics NASSCO, is ascending from his position as Vice Chairman to Chairman of the Board, assuming the role from Brad Moyer, Vice President of Business Development and Strategic Planning at BAE Systems.Mr. Carver has been a dedicated member of the SCA Board of Directors and has 38 years of shipbuilding and ship repair experience, bringing leadership to his new role.

Fluid Marine, a U.S. builder of mission-ready rigid inflatable boats for law enforcement, search and rescue, and commercial operators, announced today that Tony Van Meter has joined the company as Executive Vice President, effective January 12, 2026.Van Meter brings more than three decades of experience in the maritime industry, with a career that began in operational service with the United States Coast Guard, followed by service as a Marine Enforcement Officer, and later progressing…

OrbitMI, a provider of maritime SaaS and a voyage optimization platform used by shipowners and operators worldwide, announced its expansion in Japan to support its growing customer base and expanding partner ecosystem in the region. To lead its Japan presence, OrbitMI has appointed Kazuo Yamashita as Business Development Partner, Japan. Yamashita-san will oversee business development, partnerships, and market activation, serving as OrbitMI’s exclusive representative in the country.Yamashita-san brings more than four decades of experience in the maritime and offshore sectors…

MOL PLUS has decided to invest in Pyxis Maritime, a Singapore-based developer of electric vessels and operator of electric boat charging stations, as part of efforts to promote the commercialization of electric vessels and related infrastructure.The investment comes as Singapore advances toward its national net-zero target for 2050. From 2030, all new harbor craft operating in the Port of Singapore will be required to be fully electric, capable of using B100 biofuel, or compatible…

With lower emissions and proven reliability, it’s the ready-now solution for cleaner port operations.As demand for cleaner energy grows, port authorities and terminal operators face the challenge of finding environmentally friendly options without increasing budgets or sacrificing productivity. Propane has met these performance criteria at ports for decades, powering everything from terminal tractors and forklifts to shore power and generators. It reduces emissions while ensuring critical operational uptime…

Dong Fang Offshore (DFO), one of Asia’s largest offshore wind service providers, has signed a major shipbuilding contract with Norwegian yard Westcon for a new subsea and cable lay vessel (CLV), set for delivery in 2027.Westcon will take over and complete construction of a large cable lay vessel already under build.DFO said the order supports its recent growth and replaces installation capacity lost in Taiwan after DeepOcean exercised an option to keep the Orient Adventurer working in Europe until 2028…

Thordon Bearings, a leader in high-performance polymer bearing systems, has steadily carved out a niche in the global marine industry with its eco-friendly water-lubricated bearings. Unlike traditional oil or grease-based bearings, Thordon’s systems operate entirely on water, eliminating the risk of harmful pollution in marine environments. Over the years, the company has expanded its reach, offering substantial advantages to the commercial shipping, naval, and workboat markets…

The latest analysis from ABS, Retrofits for Energy and Emissions Improvements, provides critical insights into the impact of retrofitting, including classification and statutory requirements, as well as best practices for implementation.The report builds upon the conclusions presented in the ABS 2025 Outlook, Beyond the Horizon: Vision Meets Reality. With an array of retrofit options available, each offering potential improvements dependent on a range of factors, the report provides…

Fuel-agnostic and suitable for newbuilds and retrofit, Organic Rankine Cycle waste heat recovery systems are making headway as an energy-efficiency measure.Market prospects are looking so good for waste heat recovery systems that Orcan Energy recently expanded its industry relationships by partnering with Goltens on installations.Andreas Sichert, CEO of Orcan Energy, said: “Waste heat recovery is one of the most powerful and underutilized tools for improving energy efficiency.

The ABS Board of Directors has elected John McDonald as the new Chairman and Chief Executive Officer of ABS at a board meeting on November 11.In the culmination of a well-planned succession process, McDonald, the serving ABS President and Chief Operating Officer, will take over on January 1, 2026, when present ABS Chairman and CEO Christopher J. Wiernicki retires.“I am honored to lead this remarkable organization," said McDonald in a release announcing the appointment. "I do so…

Dutch maritime solar company Wattlab has delivered a solar energy system for globally operating shipping, trading, and maritime services company Vertom.The recently delivered Vertom Tula is a 7,280dwt diesel-electric multipurpose cargo vessel. The solar system represents a major technical milestone and a step forward for sustainable shipping. Wattlab has delivered and installed 44 Solar Flatracks that will provide power to onboard systems, reducing 20% of the hotel load. Vertom operates a fleet of over 100 vessels…

Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company, which oversees port management and terminal operations in Oman, signed a memorandum of understanding at Duqm Economic Forum 2025 to collaborate in the development and connectivity of the port of Duqm.NYK has positioned the Middle East as one of its key strategic regions. On April 1, 2022, NYK established its Middle East region head in Dubai to deepen its regional strategy and enable more agile business development across the area.Oman…