Shipbuilding News

Seatrium Limited’s wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB).The company says the credit facility aligns with its Sustainable Finance Framework and includes revolving credit features which will strongly enhance the group’s liquidity and financial flexibility. It will significantly contribute to Seatrium’s long-term goals of achieving its environmental…

Rocket Lab Corporation awarded a contract to Bollinger Shipyards to support the build out of Rocket Lab’s ocean landing platform for its Neutron reusable rocket.Modification and fit-out of Rocket Lab technology to its 400-ft-long landing platform named ‘Return On Investment’ has begun and is taking place at Bollinger Shipyards, primarily at its shipyard in Amelia, Louisiana, with delivery of the vessel to Rocket Lab expected in early 2026.Bollinger Shipyards will leverage its…

Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet, entirely built by Fincantieri, will be fully operational within three years. Explora III will be christened next year…

The United States Department of Homeland Security has announced the partial termination of a shipbuilding contract with Eastern Shipbuilding Group (ESG), saying it was wasteful of taxpayer’s money.The Coast Guard is reviewing contracts which are failing to meet delivery agreements. An existing Offshore Patrol Cutter (OPC) contract with ESG has been slow to deliver four OPCs, so Secretary Kristi Noem partially canceled ESG’s contract for two out of the four OPCs expected from ESG in Panama City…

The Ras Alhekma terminal support/escort tug has been delivered to the Egyptian Navy in Alexandria, Egypt.The name, Ras Alhekma is a coastal region located on a cape along Egypt’s Mediterranean shoreline.The RAstar 3200-W series tug was recently completed at Alexandria Shipyard and is the first of series of five that are being built in the yard.The RAstar escort series tug features unique sponsoned hull form developed exclusively by Robert Allan Ltd., which has been proven to provide significantly enhanced escort towing and seakeeping performance.

SAAM christened Trapananda, reported to be the first electric tugboat in Latin America. Thanks to a strategic partnership with Enap, the electric tug will operate in one of the southernmost terminals in the world, Puerto Chacabuco, in the Aysén Region, supporting ship berthing and deberthing operations.The tug measures 25 x 13m and brings 70 tons of bollard pull capacity, enabling it to assist large vessels in challenging harbor conditions. The craft is equipped with two, 2,100-kW electric azimuth thrusters and is powered by a 3…

Crowley’s newest, LNG-powered containership, Tiscapa, began its inaugural service today, adding faster, bigger options for timely ocean cargo transport around the U.S., Caribbean and Central America.Like its sister ships in the Avance Class, Tiscapa features container capacity for 1,400 TEUs (20-foot equivalent units), including 300 refrigerated units. This ship was specifically designed to quickly and frequently deliver cargo while using lower emission liquefied natural gas (LNG) for fuel.Tiscapa departed from the Port of Jacksonville…

Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).The custom-built research vessel, designated Project RV6000, is specifically designed for scientific exploration. It will join Inkfish's expanding fleet, alongside the RV Hydra and RV Dagon, to support global marine research.

Meyer Turku has today handed over the Star of the Seas to Royal Caribbean. Star of the Seas is the second Icon class ship built at the Meyer Turku shipyard. Star of the Seas will leave the shipyard in mid-July and will later in the summer start sailing on the Caribbean from its home port in Port Canaveral.Star of the Seas' eight different neighbourhoods include the largest water park in the seas, the Central Park with live plants, the AquaTheatre with water acrobatics and around 40 different places to eat.

A new research vessel built for the French oceanographic fleet operated for the National Science Community by the French national Institute of Ocean Sciences (IFREMER) has been launched at the Freire Shipyard celebrated in Vigo, Spain.The oceanographic vessel was named Anita Conti in honor of France's first woman oceanographer, as a tribute to her pioneering legacy in the exploration and study of the sea.Designed to replace the vessel Thalia, the Anita Conti will fully integrate the French Oceanographic Fleet in 2026.

Everllence has announced the first order for its 175DF-M (dual-fuel methanol) engine for a superyacht currently under construction by an undisclosed European shipyard.Everllence’s scope of supply covers 2 × 12V175DF-M and 1 × 16V175DF-M variable-speed yacht gensets, including methanol fuel-supply systems. Delivery is scheduled for July 2027.The company reports that many customers from the ferry, cruise, offshore, tug, superyacht and governmental segments have shown a strong interest…

The IACS Council met in Beijing last week (C91) to assess and advance the association’s progress on the safe decarbonization and digital transitions.C91 welcomed the Safe Digital Transformation Panel’s work undertaken to clarify IACS’ role in digitalization, cyber systems and marine autonomous surface ships, and in sharing these important conceptualizations with IMO at its FAL49 meeting earlier this year in support of its comprehensive digitalization strategy.IACS Council also…

eCap Marine has secured two contracts to supply hydrogen-based propulsion systems for zero-emission vessels. The Hamburg-based engineering specialist will deliver hydrogen fuel cell power solutions for bulk carriers for Møre Sjø and short-sea container vessels for Samskip.eCap Marine is one of the very few companies worldwide to have retrofitted a commercial vessel, the offshore supply vessel Coastal Liberty, with hydrogen-powered propulsion. The expertise derived from this project opened the doors for another significant order for eCap Marine.

Fairbanks Morse Defense Awarded Contract for FM 175D Engine to Support U.S. Navy’s DDG(X) ProgramFairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), won a contract to provide the U.S. Navy with an FM 175D high-speed diesel generator engine for integration into the DDG(X) land-based propulsion system test site, supporting the U.S. Navy’s goal of reducing design risks as it continues developing the next-generation platform.Designed to succeed the Flight II Ticonderoga-class cruisers and the Flight I/II Arleigh Burke-class destroyers…

The laying ceremony of the first of the two new-generation FREMM “EVOLUTION” (“FREMM EVO”) Frigates for the Italian Navy took place today at the Fincantieri shipyard in Riva Trigoso. The delivery of the unit is scheduled for 2029.The ceremony was attended by Fulvio Palermo, Head of Project Management for the Naval Vessels Department, and Antonio Quintano, Director of the Integrated Plant in Riva Trigoso-Muggiano, in the presence of representatives of the Italian Navy, Orizzonti Sistemi Navali…

Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years. In contrast, the marketplace for domestic vessel construction, for vessels serving rivers and harbors, is alive and well. Recent newbuilds for linehaul trades, and also Z-drive vessels for ship assist work, show the resilience of this sector.

"Development of Integrated Simulation Platform for Sustainable and Competitive Maritime Industry" has been selected as a R&D project under K ProgramMTI Co., Ltd. (a NYK Group company), Mitsubishi Shipbuilding Co., Ltd., TSUNEISHI SHIPBUILDING Co., Ltd., Japan Agency for Marine-Earth Science and Technology, Japan Marine United Corporation, Mitsui E&S Co., Ltd., National Maritime Research Institute, Tsuneishi Akishima Laboratory Co.,, Graduate School of Engineering The University…

The official steel cutting ceremony for the third commissioning service operation vessel (CSOV) Vard is building for Rem Offshore has been held in Vietnam earlier in July, marking the start of construction for the vessel set for delivery in late 2026.The first steel for the vessel was cut on July 1 at Vard Vung Tau shipyard in Vietnam.The vessel NB 983 is the sister vessel to the NB 948 vessel, named REM Wind, that was delivered to REM Offshore in April 2024, which followed the delivery of REM Power vessel a year earlier.The CSOV is tailored to provide services during the construction…

Norwegian shipowner Rem Offshore has launched the hull for its dual-fuel methanol energy subsea construction vessel (ESCV) Rem Pioneer in Vietnam, months ahead of schedule.The launch ceremony was held on June 27 at Song Cam shipyard in Vietnam.According to the company, hull construction will continue for a while, and outfitting will begin in the autumn at Myklebust Verft.Rem Pioneer ESCV will be delivered in 2026 and will be the first of its kind that can perform heavy construction…

In the first episode of Engineering the Experience, Royal Caribbean dives into one of the most-asked questions to showcase the engineering and innovation that go into building revolutionary ships designed to deliver unforgettable vacations. From the initial ideation and design to months of construction at the shipyard, the vacation brand's naval experts, architects and more go behind the scenes on how it all unfolds.

India’s Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) that sets the stage for long term cooperation between the two companies. They have agreed to jointly explore newbuilding opportunities in India and abroad and to share technical expertise.KSOE oversees the operations of some of the world’s largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries.CSL has built a robust reputation as a key player in India’s maritime sector.

McCullough Engineering Services (MES) announced the successful completion of restoration efforts on the Stuyvesant, a trailing suction hopper dredge owned by The Dutra Group. The vessel suffered significant fire damage on November 2, 2024, and was returned to full operational status in less than eight months, completing sea trials on June 20, 2025.The repair work was conducted at BAE Systems Jacksonville, with MES leading the project from damage assessment through final commissioning.

President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.5 billion for medium Arctic Security Cutters, and $816 million for procurement of additional light and medium icebreaking cutters.President Trump has been pushing to revive U.S. shipbuilding to counter China's growing strength in maritime manufacturing and naval dominance.

James Fisher and Sons, a global provider of marine solutions, has marked the start of construction of its chemical tankers fleet with the laying of the keel for the first vessel, Orca Fisher, at the China Merchants Industry Yangzhou Dingheng Shipyard (YZDH).Orca Fisher is the first of four next-generation vessels - known as the Sealife class - introduced as part of James Fisher’s Fleet of the Future, a long-term program to modernize its tankships fleet with more efficient, lower-carbon vessels that support the use of alternative fuel propulsion.The new vessels - which includes Orca Fisher…

The U.S. Coast Guard welcomed the nearly $25 billion investment included in the One Big Beautiful Bill Act Friday — marking the largest single commitment of funding in service history. The investment strengthens every facet of Coast Guard operations and supports the Service's role as the Nation’s leading drug interdiction and maritime border security force. It will allow the Coast Guard to procure an estimated 17 new icebreakers, 21 new cutters, over 40 helicopters and six C-130J…

In the end of July, RoRo Stena Foreteller will return to service on the Europoort/Rotterdam – Immingham route following a major rebuild and renovation.The vessel has been fitted with a fourth vehicle deck on top of the existing three, increasing the number of lane meters from 3,000 to 4,000.With a new additional cargo deck and a 30% increase in capacity, the vessel becomes more efficient and further reduces CO₂ emissions per cargo unit.The vessel has also been equipped with a shore power connection system…

Hanwha Ocean has been selected as the preferred bidder for an icebreaking research vessel project, led by the Ministry of Oceans and Fisheries and intended for polar research at the Polar Research Institute, an affiliate of the Korea Institute of Ocean Science and Technology.The contract is expected to be signed this month, with the vessel completed by December 2029.The 16,560 gross ton vessel will be equipped with an LNG dual-fuel electric propulsion system and capable of breaking through 1.5-meter-thick ice in both directions.

India's Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui O.S.K. Lines (MOL) to build, own and operate two very large ethane carriers (VLECs).The ‘mega vessels’ will deliver imported ethane to ONGC Petro Additions Limited, a unit of ONGC, ensuring a steady, self-reliant supply of feedstock for cutting-edge petrochemical production.“This global partnership marks a bold step in ONGC’s downstream expansion, combining innovation, scale, and energy security like never before.“This isn’t just a collaboration.

Fincantieri Marine Group (FMG), the U.S. subsidiary of Fincantieri, has appointed George A. Moutafis as Chief Executive Officer (CEO).The leadership transition of the U.S. company of the group led by CEO and General Manager Pierroberto Folgiero comes at a pivotal moment for the U.S. shipbuilding industry, as the new U.S. administration places renewed strategic emphasis on strengthening domestic naval capabilities.In this context, Fincantieri reinforces its long-term commitment to the United States by appointing a seasoned U.S.

Seatrium has been awarded a floating storage regasification unit (FSRU) conversion contract from Kinetics, an energy transition initiative by global floating power company Karpowership.This award follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium, announced in April 2024, the award of three LNG carrier (LNGC) conversions into FSRUs for the company, with an option for a fourth project.While Kinetics is on track to become one of the major owners of floating LNG assets globally…

HII announced that Virginia-class submarine Arkansas (SSN 800) was recently launched into the James River at the company’s Newport News Shipbuilding (NNS) division.Shipbuilders transferred the submarine from a construction facility to the floating dry dock, where it was launched and moved by tugboats to a submarine pier at the shipyard for final outfitting, testing and crew certification.The ship’s sponsors are the six women of the historic group known as the Little Rock Nine…

International tugboat operator Svitzer has taken delivery of its first fully electric tug, built by Turksih shipbuilder Sanmar Shipyars..The SANMAR ElectRA 2500SX is based on a design from Canadian naval architects Robert Allan Ltd.The new tug has an overall length of 25.4 m, with a 12.86 m beam and 5.40 m draft. It has a battery capacity of 1,808 kWh, Fi-Fi1 fire-fighting capability, and can achieve a bollard pull of 70 tons.ElectRA Series tugs are the first of a new generation of eco-friendly tugs from Sanmar…

Researchers in South Korea at the Korea Institute of Machinery and Materials (KIMM) have reportedly developed a hull-attached sensor-based system for predicting underwater radiated noise (URN), a key factor in naval stealth operations.KIMM Develops First Hull-Attached Sensor System for Predicting Underwater Radiated NoiseNew algorithm predicts underwater noise in real timeBoosts naval stealth and operational efficiencyThe new technology allows real-time monitoring of underwater noise levels generated by naval vessels…

Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only a handful of vessels in the world capable of using ammonia as a marine fuel.The two vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia.When run on lower or low to zero greenhouse gas (GHG) emissions ammonia…

Washington Governor Bob Ferguson announced he has selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries. “We’re restoring domestic service to pre-pandemic levels years ahead of schedule, improving crew retention, and soon will bring our first hybrid-electric vessel into service,” Governor Ferguson said. “After careful consideration and conversations with legislative leaders, I believe Eastern is the…

GTT announced it has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) during the second quarter of 2025 for the design of the cryogenic tanks of six new LNG-fueled container ships, on behalf of the ship-owner Capital.Each vessel will be equipped with a tank offering a capacity of 8,000 m³, incorporating GTT’s Mark III Flex membrane containment system. These tanks will also feature the “1 barg” design, allowing an operational pressure of up to 1 barg, significantly higher than the current industry standard of 0.7 barg.

The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.The Louis-Dreyfus family retains a 20% share, with Edouard Louis-Dreyfus remaining President of the group.Further to this operation, Louis Dreyfus Armateurs will soon be renamed LD Armateurs (LDA).Effective July 1…

Zamil 80, the first of three new 60-meter Fast Support Intervention Vessels (FSIVs) designed by Incat Crowther for offshore marine services provider Zamil Offshore, has passed sea trials and will soon enter service.The new vessel exceeded expectations, achieving a service speed of 28 knots with a 200-tonne payload, above the contracted required service speed of 25 knots, Incat Crowther said.The three new ABS-Classed, low-draft monohull FSIVs are being constructed by Singaporean shipbuilder Lita Ocean and will assist Zamil Offshore with the safe transport of cargo…

After decades of ongoing efforts, the Hong Kong Convention (HKC) has entered into force with big changes underway for the industry, reports cash buyer GMS. Bangladeshi and Pakistani markets still have a lot of work to do and catch up to the strides India has already made in upgrading their facilities over the last decade.“This is certainly great news for stakeholders, ship owners, cash buyers, recyclers, and the environment at large, as positive strides at improving industry standards will further serve as a catalyst in the crucial circular world of shipping…

Building commercial ships in U.S. shipyards supports the maritime industry, which plays a vital role in national security. However, U.S. commercial shipbuilding has been in decline for decades. The Maritime Administration (MARAD) has four financial assistance programs to help change that – U.S.-built vessels generally cost more than foreign-built ones.It's not clear if these programs are meeting the needs of the industry or national security, says the Government Accountability Office (GAO). MARAD hasn't established measurable goals, such as the number of ships built because of a program.

HII, America’s largest military shipbuilder, and C3 AI, the Enterprise AI application software company, have announced a strategic partnership to expand digital technologies and apply artificial intelligence (AI) to accelerate shipbuilding throughput at HII’s Newport News Shipbuilding and Ingalls Shipbuilding divisions.These efforts are expected to accelerate production and support the U.S. Navy’s fleet readiness needs. The collaboration will also include opportunities in uncrewed…

Equinor, the developer of Empire Wind, has launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s “Godmother” during a christening ceremony on the Mississippi River at the Port of New Orleans. Speakers at the event included Louisiana Governor Jeff Landry, along with leaders from Equinor and Edison Chouest Offshore. A proclamation signed by New Orleans Mayor LaToya Cantrell declaring June 28 as ECO Liberty Day was presented during the ceremony.

HII christened the future USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer to be built at the company’s Ingalls Shipbuilding division.The ship’s name honors former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war. Denton spent 34 years as a naval aviator, including eight years as a prisoner of war in Vietnam. He is known for his act of genius during a televised broadcast in captivity, when Denton spelled out the word “torture” through Morse code using his eyes to blink the code.

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, and Mitsui O.S.K. Lines, Ltd. (MOL) have acquired Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for its jointly developed liquefied CO2 (LCO2) / methanol carrier. AiP acquisition for this type of carrier marks a world's first.Technologies for converting CO2 into fuel or chemical products are attracting attention as a means of utilizing CO2 in CCUS (Carbon dioxide Capture, Utilization and Storage).

ClassNK has issued world's first Approval in Principle (AiP) for LCO2-methanol carrier, jointly developed by Mitsubishi Shipbuilding and Mitsui O.S.K. Lines (MOL).The certification confirms the feasibility of the vessel, which is being developed for commercialization, from regulatory and safety perspectives. It marks the world’s first issuance of an AiP for a LCO2-methanol carrier.The vessel for which Mitsubishi Shipbuilding and MOL acquired AiP is based on a low-pressure LCO2 carrier.It aims to transport CO2…

Mitsubishi Shipbuilding and Mitsui O.S.K. Lines have acquired Approval in Principle (AiP) from CLassNK for the design of their jointly developed liquefied CO2 (LCO2) and methanol carrier, a world first for this type of vessel.The vessel is based on a low-pressure LCO2 carrier. It aims to transport CO2, which serves as raw material, on outward voyages and synthetic methanol on return voyages.If dual transport of CO2 and methanol is achieved, empty-cargo trips can be eliminated…

The 110th session of the Maritime Safety Committee (MSC 110) was held from June 18 to 27, with significant progress on a new non-mandatory code of safety for autonomous ships (MASS Code).The code addresses the emerging need for a regulatory framework to ensure the safe, secure and environmentally sound operation of autonomous and remote-controlled key functions.DNV reports that MSC 110 made significant progress, finalizing 18 chapters in the MASS Code, leaving mainly the chapter…

Indian state-owned Mazagon Dock Shipbuilders said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard in a deal not exceeding $52.96 million to grow its shipbuilding and repair business.The transaction, involving the acquisition of at least 51% equity in Colombo Dockyard, will close within six months, after which the Sri Lankan shipbuilder will become a part of Mazagon Dock Shipbuilders, according to a regulatory filing on Friday.Colombo Dockyard was not immediately available for comment outside business hours.Mazagon Dock Shipbuilders also builds warships and submarines, and

China's first hydrogen-electric tugboat, the Hydrogen-Electric Tug No.1, was officially put into service on Thursday at Qingdao Port, east China's Shandong Province. Compared to traditional fuel-powered tugboats, this vessel is expected to reduce carbon dioxide emissions by over 1,500 tons annually, marking a breakthrough in terms of the application of hydrogen energy in China's shipping sector.The tugboat integrates the Beidou navigation system and is equipped with a hybrid power system combining hydrogen fuel cells and liquid-cooled lithium batteries, enabling zero carbon emissions.

Imabari Shipbuilding Co., Ltd., JFE Holdings, Inc. and IHI Corporation reached an agreement under which Imabari Shipbuilding will acquire a portion of the shares of Japan Marine United Corporation owned by JFE and IHI.Imabari Shipbuilding and JMU established a capital and business alliance and joint sales and design company, Nippon Shipyard, on January 1, 2021, to enhance the international competitiveness of both companies' commercial ship businesses. However, in light of the global market environment that is expected to become even more competitive in the future, Imabari Shipbuilding and JMU have determined that they need to further strengthen their competitiveness through further collaboration…

The liquefied natural gas (LNG) carrier LNG Barka, operated and managed by an NYK Group company, along with the bulk carrier Lily Fortune, operated by NYK, was honored with the "Best Quality Ship 2024" award sponsored by the Japan Federation of Pilots' Associations. The award ceremony took place on June 26, 2025. Notably, among the approximately 24,000 vessels evaluated in fiscal year 2024, the NYK Group had two of the nine award-winning ships.The award was established in 2003 to promote safe vessel operation and the protection of ports and the marine environment.

The outlook could be bleak or bright depending on how we view the rise of humanoid robots.Think of this quote from a book by Jacob Morgan:“While many futurists and business leaders believe that robots and automation are taking jobs from humans, I believe that it's the humans who are taking the jobs away from robots.”Or this one from a book by James Barrat:“A powerful AI system tasked with ensuring your safety might imprison you at home. If you asked for happiness, it might hook you up to a life support and ceaselessly stimulate your brain's pleasure centers.”Or…

Bernhard Schulte Offshore announced the delivery of its latest Commissioning Service Operation Vessel (CSOV) from Ulstein Verft in Norway. The newbuilding, which was christened ‘Windea Curie’ on June 26, is now being deployed for the charterer TenneT, an offshore transmission system operator in the European Union, to support its offshore grid connection facilities in the North Sea.‘Windea Curie’, which utilizes Ulstein’s TWIN X-STERN design, features two sterns and azimuth propellers located at both fore and aft…

Viking Vesta, the second of a new series of cruise ships that Fincantieri is building for the shipowner Viking, was delivered today at the Ancona shipyard.The ceremony was attended by Torstein Hagen, Chairman and CEO of Viking, and Luigi Matarazzo, General Manager of the Merchant Ships Business Unit of Fincantieri.The vessel belongs to the segment of small cruise ships. With a gross tonnage of approximately 54,300 tons, Viking Vesta has 499 cabins and can accommodate 998 passengers on board.

Fincantieri has strengthened its strategic role in the Italian Navy's fleet renewal program with a new contract for the construction of two PPA- Multipurpose Combat Ships, set to replace the vessels previously earmarked for the Indonesian Navy.The contract extension, originally launched under the most recent Naval Act, is managed by OCCAR (Organisation Conjointe de Coopération en matière d’Armement) within the Temporary Business Grouping (RTI) formed by Fincantieri, as lead contractor…

cut685bdfb8b3c6622a5fe1f2da_Lund Family1SunStone Maritime Group A/S takes next step in previously announced leadership transition.After 35 years as Chief Executive Officer, founder Niels-Erik Lund is retiring as CEO on June 30, 2025. Niels-Erik will remain involved in the group as a member of the Board of Directors.As of July 1st, Carsten Lund will assume the role of CEO of the Group. He previously served as SunStone’s Chief Commercial Officer, where he was responsible for the Company’s client relations and commercial development.

The first Russian-built ice-class tanker for liquefied natural gas is expected to go into operation in the second half of this year at the Arctic LNG 2 plant, Interfax news agency quoted tanker group Sovcomflot as saying on Wednesday.International sanctions over Ukraine have led to a shortage of tankers in Russia that can cut through thick ice, preventing Arctic LNG 2 from exporting cargo since the first stage of the plant started operation at the end of 2023.The tanker, named Alexey Kosygin after a Soviet statesman…

HD Hyundai hosted the Korea–U.S. Leaders Forum on Education and Research on Shipbuilding at its Global R&D Center in Pangyo, Korea, on June 24.The forum was organized as a follow-up to the trilateral Memorandum of Understanding (MOU) signed in July last year between HD Hyundai, Seoul National University (SNU), and the University of Michigan (UM) to promote talent development in the shipbuilding industry.HD Hyundai has already partnered with SNU and UM to launch a joint initiative to foster future talent in shipbuilding.The forum was attended by Andrew Gately…

SANMAR has delivered another two Boğaçay Class tugs to Americas’ largest operator SAAM Towage.The tugs are based on the exclusive-to-SANMAR RAmparts 2400SX MK-II design from Canadian Naval architects Robert Allan Ltd, which incorporates the latest in advanced machinery automation for high operational efficiency and minimal environmental impact.The twin Z-drive, diesel-powered vessels can achieve 80 tonnes of bollard pull and are equipped with FiFi 1 firefighting capability.Measuring 24.4m in overall length…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling and fuel supply systems for four new Very Large Gas Carriers (VLGCs) being built in COSCO Shipping (Qidong) Offshore for their owner group.The complete Wärtsilä Gas Solutions’ scope covers the engineering, material, as well as the supervision, commissioning and gas trials for the systems.Included in the materials scope are the machinery, instrumentation, electric and control system. Wärtsilä…

Finnish marine engineering firm Deltamarin has signed a design and engineering contract with China Merchants Jinling Shipyard (Weihai) for six new RoPax vessels ordered by the Grimaldi Group.The agreement includes basic and detail design for the ‘Next Generation Med’ class vessels, which will be deployed across key Mediterranean routes under the Grimaldi Lines and Minoan Lines brands.Of the six vessels, four will sail under the Italian flag and be operated under the Grimaldi Lines brand…

Japan’s MIHO Shipyard, a subsidiary of the Tsuneishi Group, has completed the transition to 100% renewable electricity derived from hydropower across all its facilities, including production factories and employee dormitories.The shift is expected to reduce annual carbon dioxide emissions by approximately 730 tonnes.The renewable electricity is sourced from hydropower generated by the abundant water resources of the Fuji, Abe, Oi and Tenryu rivers, all located within Shizuoka Prefecture.In parallel with its transition to renewable energy…

The 'INS Arnala,' classed by Indian Register of Shipping (IRS) and the first in a series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs), has been delivered to the Indian Navy. The vessel was delivered by Garden Reach Shipbuilders and Engineers (GRSE) Ltd, marking a milestone in India's journey towards self-reliance in defense production.‘INS Arnala’ has been designed and constructed in compliance with the Naval Classification Rules of the Indian Register of Shipping (IRS) and has demonstrated the successful collaboration between Indian Defence Public Sector Undertakings…

Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024, following the earlier handovers of TMS Ranod, TMS Raman, and most recently, TMS Chana.Purpose-built to meet the operational needs of offshore energy clients in Southeast Asia and the Middle East, TMS Tah…

The tension surrounding the US attack on Iran saw the Baltic Exchange Dry Index (BDI) fall a massive 3.5% down to its lowest level seen over the last two weeks, erasing most recent gains as Friday closed, reports cash buyer GMS. Leading the race was the Capesize index that fell nearly 6.5% across the week while the Panamax index fell 0.2% during the same time.“The price of oil, which will also be a key item to keep an eye out for next week especially as the Iranian government votes to shut down the Gulf of Hormuz effectively terminating Iranian oil exports…

▶ Medium-sized containerships to be built by 2028, supported by design, procurement, equipment, and strategic technology investmentHD Hyundai launched a strategic shipbuilding collaboration in the United States, signing with U.S.-based Edison Chouest Offshore (ECO) to establish a strategic and comprehensive partnership for the construction of U.S. commercial vessels.The signing ceremony was held on Friday, June 20, at ECO’s headquarters in New Orleans, Louisiana. The event was attended by Hannae Choi…

Jack Tanner Towing Company added the newbuild1368-HP Super Tiger workboat, M/V Miss Hazel, to its fleet. Built by Serodino, Inc. in Chattanooga, Tennessee, the vessel is powered by twin Mitsubishi S6R engines, each delivering 684 horsepower at 1800 RPM. The Miss Hazel will operate primarily around Havana, Illinois, supporting the company’s regional towing operations.The propulsion system includes Twin-Disc MG-5222 gears from Great Lakes Power, 5-inch sleeved shafts, and 52-inch Rice Propulsion four-blade propellers — delivering reliable thrust…

DHT Holdings entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI), for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. “This is a sister of vessels built by us in 2018, a design with large carrying capacity and premium earning capabilities, well suited for the trading patterns of our key customers," said DHT’s President & CEO, Svein Moxnes Harfjeld. "We believe this to be a fitting addition to our fleet…

MacArtney Offshore Wind Solutions, in collaboration with Subsea Cable Assets (SCA) and Enersea, has secured the contract to design and deliver a fully integrated cable lay spread, a tailored solution for N-Sea’s new cable laying vessel (CLV), Altera.The project will combine MacArtney’s advanced mission equipment and control systems, SCA’s fabrication and EPCI expertise, and Enersea’s deck layout and integration design.It is expected to result a turnkey system designed to enhance operational efficiency…

RINA has acquired the entire share capital of Foreship, a Finnish company specializing in naval architecture and marine engineering, from Vaaka Partners and company’s managers.The acquisition marks a further expansion of RINA’s marine engineering consulting offering worldwide, while strengthening its presence in Northern Europe.Foreship, with 2024 revenues of €15.2 million is headquartered in Helsinki and employs over 90 professionals across eight offices globally, including the US, UK and Estonia.

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), was awarded a $987 million contract modification to a previously awarded contract supporting submarine production. This modification is for additional Component Development, Class Lead Yard Support (CLYS), and Submarine Industrial Base (SIB) supplier development enhancements, as detailed in the U.S. Department of Defense contract award."This contract modification funds important shipyard and supply…

A new Research Centre dedicated to advancing sustainable shipping has been launched by the University of Strathclyde in partnership with international shipping company Oldendorff Carriers.The Centre will address evidence gaps critical to an effective industry transition, focusing on technological, operational and human factors, including the impacts of decarbonization measures on crew.Key research areas will also encompass the design of next-generation, energy-efficient vessels…

Solvang has a Letter of Intent (LOI) with Seatrium for the installation and retrofitting of a full-scale carbon capture and storage (CCS) systems.The retrofit on Solvang's new series of very large gas carriers (VLGCs), configured specifically for CCS, is set to begin in late 2026.In April, steel was cut for the first two of seven Panamax VLGC at HD Hyundai Heavy Industries. Delivery is planned for 2026 and 2027.Solvang took delivery of Clipper Eris in February 2025 – the world’s first full-scale turnkey retrofit of a 7MW CCS system, undertaken by Seatrium.

ABS and HD Hyundai Samho signed a memorandum of understanding for the technical collaboration for an AI-based smart shipyard.The agreement establishes a cooperative framework for both organizations to leverage smart technologies such as AI, automation and robotics to identify opportunities for process improvement at HD Hyundai Samho shipyard. ABS will utilize its established Guide for Smart Technologies for Shipyards in the review process.“Advanced technologies are transforming shipyard operations and opening new avenues for progress.

Admiral Daryl L. Caudle has been nominated by President Donald Trump to be the next Chief of Naval Operations, more than three months after Admiral Lisa Franchetti, the first woman to lead the U.S. Navy, was fired in President Trump's purge of military leadership following his inauguration.The Senate Armed Services Committee received Adm. Caudle's the nomination on June 17, 2025.Adm. Caudle - currently Commander, U.S. Fleet Forces Command - is a native of Winston-Salem, North…

Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms. Carola Schouten, the mayor of Rotterdam. Guests and Van Oord employees gathered to celebrate this moment.

Danish shipping group A.P. Moller - Maersk has named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, which will operate under the name of Berlin Mærsk.The naming event took place on June 18, at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.Berlin Mærsk is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by additional five sister vessels in this new class of container ships.All six vessels in the series are being built by HHI with delivery in 2025.

Classification society DNV has awarded an Approval in Principle (AiP) to SeaTech Solutions for the design of a new 10,000cbm ammonia bunkering vessel, being developed in collaboration with Oceania Marine Energy.Measuring 130-metres, the ammonia bunkering vessel is specifically designed to deliver low-carbon ammonia to ammonia dual-fueled bulk carriers at the Port of Dampier, which emerging as a potential hub for low-carbon ammonia bunkering with its strategic location in Pilbara region.It can supply up to 9…

Kongsberg Maritime has secured a contract to supply 17 shipsets of its US range of azimuth thrusters to Türkiye’s Sanmar Shipyards for a range of international tug projects.The US azimuth thrusters will be supplied across a range of power outputs between 1765kW and 2525kW with a bollard pull ranging between 60 and 85 tons.Sanmar Shipyards is a long-standing customer of Kongsberg Maritime and specializes in tugboat construction with nearly five decades of experience and more than 300 tugs delivered worldwide.Operating two facilities in Tuzla and Altınova…

Cheoy Lee Shipyards recently delivered two RAstar 3200-CL tugs bound for Coatzacoalcos, Mexico. CMM Azteca and CMM Mexico will sail on their own bottom all the way from Hong Kong and begin operations in Mexico as part of Compania Maritima Mexicana SA DE CV’s fleet (an affiliate company of Boluda Towage).These two tugs are the latest deliveries in the RAstar 3200-CL series, which Cheoy Lee has been building since 2013. In 12 years Cheoy Lee has built and delivered 29 tugs to this design.Particulars of the RAstar 3200-CL series escort tugs are:Length overall: 32.0 mBeam…

Okeanis Eco Tankers (NYSE: ECO / OSE: OET) has secured a new $65 million term loan facility to finance the repurchase of its VLCC Nissos Kea under a previously announced sale-and-leaseback option. The new financing, led by E.SUN Commercial Bank, extends OET’s strategy of strengthening its capital structure and diversifying its financing sources.The seven-year secured loan carries an interest rate of Term SOFR plus 135 basis points and will be repaid through quarterly installments of $0.9 million, with a $39.8 million balloon payment due at maturity.

South Korean shipbuilder Samsung Heavy Industries  said on Wednesday that two orders from Russia's Zvezda worth a total of 4.85 trillion won ($3.54 billion) for icebreaker ships were cancelled due to "illegal termination by the shipowner".Samsung Heavy said in regulatory filings that in June 2024, Zvezda shipyard unilaterally informed the South Korean company of the contract termination and insisted on the return of advance payments.In July, Samsung filed an arbitration request with the Singapore arbitration court to affirm the illegality of the termination, while engaging in negotiations with

The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical, a global leader in maritime freight and fleet management solutions.Speaking at the 2025 Marine Money Week in New York, Kirkham told delegates that the anticipated drop in younger dry bulk tonnage reflects a structural shift brought on by the historical imbalance in newbuilding activity…

SCHOTTEL is to equip a new OX series tractor tug from U.S.-based aluminum workboat builder Silverback Marine with two SCHOTTEL RudderPropellers type SRP 100. Designed in collaboration with Seattle headquartered Elliott Bay Design Group, the truckable tug will have a bollard pull of almost seven tons and ensure excellent maneuverability with an extremely compact size of just 7.9 meters (26’-0”) in length and 4.4 meters (14’- 6”) in width. The vessel, being built for the U.S. Department of Defense, is expected to be delivered in late 2025.

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a long-term time charter contract with Mercuria Energy Trading S.A. for its fourth newbuilding, the previously announced LR1 tanker scheduled for delivery in early 2027.The vessel will be chartered to Mercuria for a firm period of four years, through early 2031, at a daily gross charter rate of US$23,750. The agreement provides Mercuria with options to extend the charter for up to three additional one-year periods.

Bergen Tankers and Equinor have signed a long-term charter agreement for two oil/chemical tanker newbuilds with an electric propulsion system, which aim to set a new standard for low emissions at the Norwegian Coast.The Norway-based companies selected Berg Propulsion as the system integrator for these DNV ice-classed tankers. The newbuild 6,500 dwt stainless steel tankers will be built by Zhoushan Dashenzhou Shipbuilding in China.The vessels will include two electric drive controllable…

Denmark-based chemical and product tanker operator Uni-Tankers reported solid financial performance for the 2024/25 fiscal year, posting a net profit of $39.5 million and a 24.4% increase in revenue, bolstered by fleet expansion, strong contract performance, and continued investment in digitalization and decarbonization.CEO Per Ekmann called the results a confirmation that the company’s long-term strategy is delivering consistent value. “It has been four years since we completed our turnaround, and for the past three years we’ve reported steady profits.

Ocean Network Express (ONE) named the 13,900-TEU ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan, marking another milestone in ONE's fleet expansion program."Today's naming of ONE Singapore signifies further progress in our fleet expansion strategy," said Jeremy Nixon, CEO, ONE. "This vessel, carrying the name of our global headquarters city, symbolizes our strong connection to Singapore's vibrant maritime ecosystem.

PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd., (MOL) announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd. This JV will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCO₂) carriers, which are critical for transporting LCO₂ to designated storage sites as part of advancing carbon capture and storage (CCS) solutions.The trio completed the Front-End Engineering Design (FEED) for a 62…

Korean Register (KR) signed a MOU with HD Hyundai Samho to jointly develop AI-based solutions for ship design and analysis.This is a part of a broader digital transformation strategy aimed at enhancing design productivity and strengthening the capabilities of ship design engineers in the rapidly evolving shipbuilding landscape, focused on leveraging AI to build a more efficient and accurate ship design system. The two objective are: The development of an AI-powered optimization and structural assessment solution for hull support arrangement…

Domestic U.S. shipping interests are closely monitoring a United States Trade Representative (“USTR”) proposal for import and export trades involving Chinese vessels. There is an ongoing Section 301 investigation prompted by domestic industry concerns about China’s industrial ambitions in sectors that are critical to U.S. economic and national security. The outsized role of China in international ocean shipping is greater than many would expect. China’s global tonnage of the shipbuilding market share grew from less than 5% in 1999 to over 50% in 2023.

GTT announced that it has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of a new Liquefied Natural Gas Carrier (LNGC).The LNGC will be built by Hyundai Samho Heavy Industries on behalf of the ship-owner Purus, a specialist in low-carbon maritime transport solutions.As part of this order, GTT will design the vessel’s cryogenic tanks, which will have a total capacity of 180,000 m³. The tanks will be fitted with the Mark III Flex membrane containment system, developed by GTT.Delivery of the vessel is scheduled for the fourth quarter of 2027.

Rayglass Boats, a brand of Brunswick Corporation, has unveiled the all-new Protector R Edition range, an evolution of its high-performance RIBs. These exclusive models are engineered to deliver next-level performance, styling, and innovation.Leading the lineup is the 330 Targa R Edition, the first vessel in New Zealand to be powered by Mercury Racing’s new 400R V10 outboard engines. With a top speed exceeding 60 knots, this 10-meter boat is one of the fastest production cabin RIBs in the country.The R Edition retains the Protector hull while adding premium upgrades including custom R badging…

Dutch offshore equipment supplier SMST has been selected by Louis Dreyfus Armateurs (LDA) for the delivery of two sets of mission equipment, with an option for a third set, for service operation vessels (SOVs) ordered by Vattenfall.The Telescopic Access Bridges (TAB-L1), Access and Cargo Towers (ACT) and the 5t Motion Compensated Cranes (MCC-M) will be supplied to LDA’s newbuild SOVs.The by Salt designed vessels, to be built at Shanghai Zhenhua Heavy Industries Company (ZPMC)…

The Indian sub-continent recycling markets have been on a downward spiral for most of this year and this week was no different, reports cash buyer GMS.Offers are retreating across the market rankings and owners are chasing market levels amidst an economic and global uncertainty that was expected to deliver an influx of recycling tonnage and is yet to be fully seen.“Indeed, constant geopolitical drama seems to be depriving recycling markets of all types of tonnage amidst rising freight rates as dry bulk…

The Royal Canadian Navy (RCN) has welcomed His Majesty’s Canadian Ship (HMCS) Frédérick Rolette into naval service.HMCS Frédérick Rolette is the fifth Harry DeWolf class Arctic and Offshore Patrol Vessel (AOPV) to be welcomed into the RCN’s fleet.These vessels are designed to enhance the RCN’s ability to enforce sovereignty in Canadian waters and helps meet future defense challenges in Northern waters. They augment Canada’s presence in the Arctic and are capable of conducting a wide variety of operations including surveillance operations…