Nok 3 News

Tourism and technology company Brim Explorer has signed contracts for the construction of two efficient, battery-powered passenger vessels. The high-speed trimarans are scheduled for delivery in spring 2027.The two new trimarans have been developed by Brim Tech, Brim Explorer's in-house technology division, following the principle of "electric by design." This means the vessels are engineered from the ground up for electric propulsion, not converted from fossil-fuel solutions.With a range of 100 nautical miles (nearly 200 km) at 20 knots without recharging…

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 300 million) and includes delivery of complete ship design and a range of integrated systems.These include propulsion systems with Promas and controllable pitch propellers…

Norwegian vessel owner and operator Golden Energy Offshore Services has signed binding agreements to sell two offshore support vessels for a combined gross price of about $57.25 million, completing a previously announced plan to divest vessels in the near term.The company said its subsidiary Energy Empress signed a sales agreement on January 23 for the multi-purpose support vessel (MPSV) Energy Empress at a gross price of $30 million. The transaction is expected to be completed during February 2026 and is based on the industry standard Saleform 2012 contract…

Amon Maritime was awarded investment grants of NOK 298 million ($29m) from Enova to support the construction of three new ammonia-fueled bulk carriers.The vessels, each in the Kamsarmax segment with a capacity of approximately 80,000–85,000 DWT, are designed to combine high energy efficiency with carbon free fuel. Fully aligned with the requirements of the EU Emissions Trading System (EU ETS) and the FuelEU Maritime regulation, they are designed for the future, delivering strong…

Heidelberg Materials Northern Europe has taken a decisive step toward low-emission coastal logistics with the development of a next-generation methanol-powered cement carrier, an 80% emissions-cutting vessel that could redefine short-sea bulk operations in Scandinavia. Planned to enter service in early 2028, the newbuild is the product of a multi-stakeholder public-private partnership involving the Hartmann Group, the Green Shipping Programme (GSP) and the Norwegian NOx Fund,…

Havila Shipping has not had its case upheld in Oslo District Court and will appeal the judgment.In January and March, the company filed a lawsuit against DnB Bank ASA, Danske Bank AS NUF, and Swedbank AB (publ).The banks have maintained that Havila Shipping breached refinancing terms by converting of debt to equity and conducting a bond issue.In a statement, Havila said: “Havila Shipping does not agree with the judgment, and the district court's ruling is not a final decision in the matter.

Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report, freight revenues reached NOK 149.3 million in Q3 2025, up NOK 8.5 million from the same period last year but down sequentially from Q2. Utilization remained robust at 95.3%, although two vessels were temporarily out of service for scheduled yard work.

A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled.

Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4.The contract terms have been mutually agreed and remain confidential between the parties.Delivery is scheduled for the second half of 2027, marking a key milestone in Reach Subsea’s USV scaling program.The specifications for Reach Remote 3 and 4 will mirror the first two vessels, with targeted adjustments…

Vestdavit, a European supplier of advanced davit systems, has entered a new phase in its development through a landmark transaction under which it will be wholly acquired by Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management. The acquisition provides Vestdavit with a stronger commercial platform to drive growth and expand globally across its core naval and offshore energy markets.Under the agreement, Fairbanks Morse Defense a leading provider of OEM parts…

Offshore supply vessel operator Havila Shipping ASA delivered stronger results in the second quarter of 2025, supported by high fleet utilization and stable freight revenues.Freight revenues reached NOK 165.5 million in Q2, up NOK 19.5 million from the same period in 2024 and broadly in line with the previous quarter. Total operating income rose to NOK 175 million compared to NOK 152.9 million last year.Operating profit before depreciation increased to NOK 91.3 million (Q2 2024: NOK 78.4 million).

Amon Maritime has entered into a joint venture with Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers.Pursuant to the Joint Venture, Navigator will acquire approximately 80% of the joint venture company, Navigator Amon Shipping AS, of Norway, with Amon Maritime holding approximately 20%, subject to the investment terms and conditions. The Joint Venture intends to construct two new 51,530 cubic meter capacity ammonia fueled liquefied ammonia carriers…

An agreement between Höegh Autoliners and green industry pioneer Nordic Circles launches a national project that will change the handling of decommissioned ships. Using Norwegian technology, labor, and industry, old ships will be upcycled in Norway into certified building materials—without melting, without export, and with up to 97% lower emissions.Nordic Circles and Höegh Autoliners are announcing the agreement on the Blue Talks stage at Nor-Shipping, in front of maritime leaders from around the world…

The European Commission has announced the selection of 15 renewable hydrogen production projects for public funding, including three related to providing fuel for ships.The projects, located across five countries, are expected to produce nearly 2.2 million tonnes of renewable hydrogen over 10 years, avoiding more than 15 million tonnes of CO₂ emissions. The hydrogen will be produced in sectors such as transportation, the chemical industry or the production of methanol and ammonia.They will receive a total of €992 million ($1.1 billion) in EU funding…

Havila Shipping ASA announces its Q4 2024 financial results, highlighting steady freight revenues, strong fleet utilization, and the successful completion of a major debt restructuring.Key Financial Highlights (Q4 2024):Freight revenues: NOK 148.0 million, consistent with Q4 2023 and up NOK 7.1 million from Q3 2024.Fleet utilization: Maintained at 92%, with a higher average rate than the previous quarter.Operating expenses: NOK 87.7 million, down NOK 1.6 million from Q4 2023 but…

Belships ASA, a leading shipowning company specializing in Ultramax vessels, reported solid financial results for the fourth quarter of 2024, showcasing the growth of its fleet and robust profitability amidst challenging market conditions.:Belships posted an EBITDA of $19.4 million and a net profit of $7.5 million for Q4 2024. Despite a softer freight market, the company achieved a time charter equivalent (TCE) of $15,552 gross per day for its owned fleet, outperforming the Baltic Exchange index for Ultramax vessels…

Norwegian vessel owner and services provider Solstad Maritime Holding has outlined plans to apply for a listing of its shares on Euronext Oslo Børs during the second quarter of 2025.The listing is in line with the company’s previously expressed intention to list within 12 months after completion of its $66 million (NOK 750 million) equity raise in June 2024, and supported by its three main shareholders, Aker Capital (42%), Solstad Offshore (27.3%), and AMSC (19.6%).Solstad Maritime Holding’s listing is expected to facilitate further growth and development of the company’s business…

The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July, has impacted the overall oil services market with the wider PHLX Oil Service Index trading down 4% year-to-date. The OSV sector has returned 5% year-to-date at the time of writing, led by DOF’s 57% performance.Image courtesy Fearnley SecuritiesDayrates Continued to RiseTidewater was the first out of the blocks this earnings season…

ECOsubsea has set out plans to build up its hull cleaning solution in the Port of Singapore, after securing a multi-million-dollar growth loan from Innovation Norway.With the growth loan from Innovation Norway, in the amount of $3.26 million (NOK 35 million) ECOsubsea will scale up its hull cleaning solution.The company plans to use its next generation cleaning robots, said to be 10 times faster than traditional solutions, to respond to the cleaning needs of the world's largest ships while they are bunkering.Innovation Norway's growth loan…

Offshore supply services company Havila Shipping has recorded a profit before tax of NOK 4.0 million ($382,000) in Q2 2024, compared with NOK -5.4 million in Q2 2023.Deals made in the quarter include the agreement with Reach Subsea to extend the contract for the IMR vessel Havila Subsea. The existing contract was due to finish at the end of 2024, but the contract extension is for a firm period of three years, with two one-year options. The contract extension includes improved terms valid from June 1…

Esgian highlights that operators in Norway are preparing new wells for Odfjell Drilling, COSL and Saipem semisubs in its Week 41 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling has secured new contracts for its 350-ft jackups Shelf Drilling Achiever and Adriatic I offshore Nigeria.Drilling Activity and DiscoveriesThe Norwegian Environment Agency (Miljødirektoratet) has received an application from Aker BP for permission under the Pollution Act to drill the delineation well 25/1-14 Omega Alfa in the North Sea…

Deliveries for exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway had a value of more than NOK 134 billion ($12.8 billion) in 2023, 94% of which were invoiced by Norwegian suppliers.The details were conveyed in a report prepared by Kunnskapsparken Bodø (KPB) which analyzed actual purchases of goods and services for Equinor-operated fields and onshore facilities, development projects and exploration activity from Hammerfest…

According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS). This can provide a basis for high levels of production, export and value creation for the broader society for many years to come, according to the new resource report. However, this potential future will not simply materialize on its own.