Newbuilding News

Cadeler has completed the installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, marking a major milestone in the execution of one of the world’s largest offshore wind developments.The installation is the first of 197 monopile foundations Cadeler will transport and install as part of the company’s full transportation and installation (T&I) scope for the project.Once completed, Hornsea 3 will become the single largest offshore wind farm in the world…

Lloyd’s Register (LR) has entered a research collaboration with connectivity and cyber security specialist Marlink to study how the maritime industry can better manage increasingly complex digital systems on board ships.Marlink will join LR’s Digital Transformation Research Program, with the initial work focusing on cyber security and connectivity as vessels become more data-driven and connected.The research will examine how responsibilities are shared between shipowners, system…

Concordia Damen signed a newbuilding contract with an undisclosed Paraguayan client for a 41-meter Shallow Draft River Pusher, type CDS 4115. Delivery of the vessel is scheduled for 2027.The vessel will be deployed on the Paraguay-Paraná River system to support regional logistics operations. It is the second CDS 4115 to be built and delivered by Concordia Damen for a South American customer. The new vessel, which measures measures 41 x 15.5m, will serve along the 2,695-km Paraguay River.

NYK has jointly implemented a crew transfer vessel (CTV) newbuilding project that applies 3D technology as a core platform throughout the design and construction process.This project is being carried out in collaboration with Kosaba Shipbuilding Co., Ltd. and Smert Design Co., Ltd.CTVs transporting crews to offshore wind farms must meet high standards of safety, operability, and maintenance and inspection efficiency. Consequently, the design and construction phases now demand…

Four Seasons I, a 95-suite yacht that announced Four Seasons' entry into the ultra-luxury yacht segment, has successfully completed her maiden voyage in the Mediterranean, supported by Anglo Eastern Cruise Management Inc. (AECMI) as her technical ship management partner.AECMI’s involvement began during the newbuilding phase at Fincantieri’s Ancona shipyard in 2024 and now includes technical management, safety and regulatory compliance, and crew recruitment and training customized to meet Four Seasons hospitality standards.

"By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher newbuilding contracting throughout the 2020s and most recently by the highest quarterly crude tanker contracting in history,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.During the first quarter of 2026, newbuilding contracting has risen 40% y/y to 17.6m Compensated Gross Tonnes (CGT)…

Nippon Paint Marine has launched AQUATERRAS 1100, a new coating with a low-VOC formulation that reduces impact on the marine environment and complies with regulations in major shipbuilding markets, including China and Korea.AQUTERRAS features HydroPhix™, a micro-domain structure that combines hydrophilic and hydrophobic structures that reduce the ability of marine organisms to attach to hull surfaces without the use of biocides.The coating is the first to feature Advanced Fouling Control (AFC)…

AkzoNobel’s marine coatings brand, International, has launched Intergard 6788, a new aluminum-pigmented universal primer developed to meet the demands of the global newbuilding market. The launch in Asia will take place at the Asia Pacific Maritime conference in Singapore, with availability in China and Vietnam as key markets.Epoxy technology enables a higher solids content for the product, proactively meeting increasingly stringent global Volatile Organic Compound (VOC) regulations.

Dorian LPG took delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named Areion an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. Areion will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore.DID YOU KNOW? “Areion”, in Greek Mythology, is the name given to a black-maned horse known for its extraordinary speed…

bound4blue and Eastern Pacific Shipping (EPS) have completed the second installation of eSAILs in EPS’ fleet, fitting three 22-meter-high units on MR tanker Pacific Sunstone at New Times Shipbuilding in Jiangsu Province, China. The project marks EPS’ first newbuild installation following a successful retrofit project on Pacific Sentinel.With smaller footprints than other solutions, eSAILs generate lift up to seven times greater than conventional rigid sails of the same size. The units are also non-ATEX…

The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now, newbuild activity remains limited.On the Q3 2025 earnings call for listed company Tidewater (NYSE: TDW)…

Bernhard Schulte Offshore (BSO) has taken delivery of a new commissioning service operation vessel (CSOV). The Windea Carnot, which was built at Ulstein Verft in Norway on behalf of an institutional investor, was handed over to its new owner, BSO, following completion.The Windea Carnot is the third of three sister ships built at Ulstein that BSO has integrated into its modern offshore fleet since the middle of last year. BSO now operates six specialized vessels serving the global offshore energy industry.“The offshore market offers promising prospects.

DHT Holdings has taken delivery of the second VLCC newbuilding from Hanwha Ocean.The vessel is named DHT Addax and is entering the spot market.It is the second in a series of four VLCC newbuildings to be delivered to the company during the first half of 2026.The newbuildings are fully funded and will increase the company’s customer offerings and earnings power.The next newbuilding is scheduled for delivery in late March 2026.

Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and an adjusted EBITDA of USD$458.5 (EUR 394 million). Total revenue in 2025 amounted to USD$2,519 million (EUR 2,165 million). Organic growth for the year, in fixed currency and adjusted for divestments, was 3.4%. Sales in actual numbers were negatively affected by foreign exchange movements…

DOF Group has entered into an agreement to purchase the very high-end AHTS vessels Aurora Saltfjord and Aurora Sandefjord.The vessels are 2011-built and feature a bollard pull of almost 400 metric tonnes, making them among the most powerful AHTS vessels globally.The vessels are among the most recently built in their segment (AHTS >300mt bollard pull), a segment which sees no newbuilding activity due to prohibitive newbuilding costs. DOF sees a very strong market outlook for projects that require high-end AHTS vessels in the years to come…

The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas emissions, to go green. But, in October, the U.S. and Saudi Arabia, the world's two largest oil producers…

Oslo-listed dry bulk operator Western Bulk reported a marked earnings recovery in the second half of 2025, capitalizing on a broad-based rebound in freight markets and tighter effective vessel supply.According to the company’s Second Half Year Report 2025, Western Bulk generated a net profit after tax of USD 7.4 million in 2H 2025, compared with a net loss of USD 5.2 million in the same period a year earlier. For the full year, the group posted a net profit of USD 5.4 million…

The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas emissions, to go green. But, in October, the U.S. and Saudi Arabia, the world's two largest oil producers…

A.P. Moller - Maersk has ordered eight large container vessels from China’s New Times Shipbuilding.All eight ships will have the same characteristics and make up a new series of 18,600 TEU vessels with delivery in 2029 and 2030.The ships will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquified gas.“We are pleased to have signed this agreement for eight large vessels. The order is part of our ongoing fleet renewal and helps maintain our fleet’s competitive edge…

Bureau Veritas Marine & Offshore (BV) announced the launch of its Gas Center of Excellence in Doha, Qatar, strengthening its commitment to supporting the continued growth of LNG and gas projects worldwide. The Center brings together BV’s expertise in gas carrier operations, classification, and regulatory compliance to deliver integrated, future-ready support across the gas value chain.Staffed by a team of gas specialists with experience in gas carrier operations, both for new building phases and for vessels in service…

Lloyd’s Register (LR) has further enhanced its capabilities in China with the announcement of three new senior appointments. Tianxiang Li (TX), LR’s Director of Global Technical Support Office (TSO), has been appointed as President for Greater China. He will lead senior client relationships and strategic engagement, strengthening alignment between LR’s global technical leadership and the priorities of Chinese owners, yards and designers. TX joined LR in 2008 and held leadership positions in the Technical Support Office since 2011.

PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated, integrated workshops to support complex and high-value maritime and offshore assets. The build took two years and was jointly supported by JTC Corporation (JTC) and Singapore Economic Development Board (EDB).5JS replaces PaxOcean’s previous location at 33 Tuas Crescent.

McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions, 2) a weakening US dollar, 3) a commodity price super cycle, 4) emerging market oil demand, and 5) global shipyard capacity constraints are expected to dominate market direction. Geopolitical…