France Slashes Renewable Energy Targets in New Law
France set out a new energy law after years of wrangling on Thursday which slashes its wind and solar power targets and drops a mandate for state-run firm EDF to shutter nuclear plants."We need to stop our internal family squabbling. We need both nuclear and renewables," finance minister Roland Lescure told reporters.The law, to be pushed through by decree on Friday after almost three years of bitter disagreement among lawmakers, also reverses a previous legal mandate to shut 14 reactors.That was a 2017 campaign promise of President Emmanuel Macronā¦
Sallaum Lines Relocates HQ to Cyprus
Sallaum Lines announced the relocation of its headquarters from Switzerland to Limassol, Cyprus. This move reflects the companyās long-term growth vision and its commitment to strengthening its presence within the European maritime world. Known as one of the worldās top global shipping centers and the largest shipping management hub in Europe, Cyprus is an ideal environment for maritime businesses.
MPCC Places Order for Six New Container Ships to Chinese Shipyard
MPC Container Ships (MPCC) has entered into contracts with Taizhou Sanfu Ship Engineering in China for the construction of six 3,700 TEU container vessels scheduled for first delivery in second half of 2028.Each vessel will operate under a 10-year time charter, with extension options, to a top five liner company.The vessels are based on the newest design, which optimizes speed and fuel consumption for regional and feeder trades, while keeping enough flexibility to shift betweenā¦
ADNOC L&S Expands Fleet with Fourth Next-Generation LNG Carrier
ADNOC Logistics & Services (L&S) said it has taken delivery of Al Sadaf, the fourth of six new-build LNG carriers ordered from Chinaās Jiangnan Shipyard, as the company accelerates a major fleet expansion and modernization program to support growing global demand for lower-carbon energy transport.The 175,000-cubic-metre vessel, which is more than 25% larger than earlier ADNOC LNG carrier models, was delivered on schedule and will begin its first commercial voyage immediately.ADNOCā¦
EDF Considers Selling US Renewable Unit to Focus on French Nuclear
French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)ā¦
Six New Arklow Shipping Vessels to get Octopus Battery Systems
A new series of six General Cargo vessels being built by Ferus Smit in the Netherlands for Irish ship operator Arklow Shipping will sport EST-Floattech's Octopus Lite battery system. EST-Floattech designed the system to fit the sailing profile of the vessels, a close collaboration with the yard and owner designed to provide both technology and efficiency gains.The new series of 11,000 DWT general cargo vessels represents another successful chapter in the ongoing collaboration between Ferus Smit and Arklow Shipping.The battery systems will support several onboard functionsā¦
Interferry Introduces Six New Board Directors and New President
Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry. The newly appointed directors, each approved for a four-year term, are:Oluwadamilola Emmanuel, General Manager, Lagos State Waterways Authority, and Interferryās first African Directorā¦
Danish Shipping Launches African Maritime Training Initiative
Danish Shipping has launched an initiative to help build maritime competence and create opportunities for talented African cadets.Danish shipping companies and Danish authorities have a long history of cooperating closely with African partners, especially in the maritime sector.Building on successful partnerships between Danish shipping companies and African maritime institutions, the African Maritime Training Initiative aims to strengthen cooperation and create opportunitiesā¦
Sea Machines Expands Product Line for Defense Customers
Sea Machines Robotics Inc. is launching six new products to better serve customers calling for highly-adaptive marine autonomy. Included is a modernization and expansion of the SM300 hardware lines, two high-level software APIs, a real-time cloud-based fleet data platform, and an all-new, high performance 8-meter unmanned surface vessel (USV), the STORMRUNNER.SM300-SP is a special purpose hardware version of Sea Machinesā autonomy systems, built for the emerging fleets of attritableā¦
U.S. Coast Guard Receives Historic Investment
The U.S. Coast Guard welcomed the nearly $25 billion investment included in the One Big Beautiful Bill Act Friday ā 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 Nationās 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-130Jā¦
GTT Receives Tank Design Order for LNG-fueled Container Ships
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 8,000ām³, incorporating GTTās Mark III Flex membrane containment system. These tanks will also feature the ā1 bargā design, allowing an operational pressure of up to 1ābarg, significantly higher than the current industry standard of 0.7ābarg.
Deltamarin to Design Six RoPax Vessels for Grimaldi Lines
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 āNext Generation Medā 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 brandā¦
Britain Unveils Defense Overhaul to Address Emerging Threats
Britain said on Monday it would radically change its approach to defence to address threats from Russia, nuclear risks and cyber-attacks by investing in drones and digital warfare rather than relying on a much larger army to engage in modern combat.Responding to U.S. President Donald Trump's insistence that Europe take more responsibility for its own security, Prime Minister Keir Starmer has pledged the largest sustained increase in British defence spending since the end of the Cold War.But with limited financesā¦
APC to Provide MarineLINE Coating for New Builds for Norway's Champion Tankers
Advanced Polymer Coatings (APC) has been chosen to provide its MarineLINE coating for up to six new vessels being built for Champion Tankers. The deal will see APCās MarineLINE coating system initially applied to four product and chemical tankers with IMO II classification that will be constructed at the Chengxi Shipyard in China.Work on the first vessel for the privately owned Norwegian tanker group is set to get underway at the end of this year, with three others planned for 2026.
ABB: Contract to Deliver Efficiency Benefits for Portuguese Navy Vessels
ABB has secured a contract with the West Sea Shipyard located in Viana do Castelo, Portugal to equip six new offshore patrol vessels (OPVs) of the Portuguese Navy with an integrated power, propulsion, and automation system designed to ensure optimal efficiency. The vessels are planned to be delivered between 2027 ā 2031.The new vessels will be equipped with the Azipod® propulsion system, Onboard DC Grid⢠power system platform, and the distributed control system ABB Ability⢠System 800xA®.
DP World and Maersk Agree to Expand Maritime Services in Brazil
Dubai-based ports and logistics firm DP World and shipping giant Maersk have signed a long-term agreement to boost container-handling capacity and increase weekly vessel calls to support Brazilās growing trade demands.DP World operates one of the countryās largest private terminals at the Port of Santos. Under the terms of the eight-year agreement, Maersk will introduce additional long-term services and maintain a minimum service level at the port.In the first year, Maersk will launch six new services with eight weekly callsā¦
Construction of Nakilat's Six New Gas Carriers Begins at South Korean Shipyard
Qatar Gas Transport Company (Nakilat) has marked the start of construction of six new gas carriers at HD Hyundai Samho (HSHI) shipyard in South Korea.The steel cutting ceremony was attended by senior officials from Nakilat, HD Hyundai Samho and guests, who witnessed the official start of construction for two LNG carriers and four LPG/ammonia gas carriers. The LNG carriers, each with a capacity of 174,000 cubic meters, and the LPG carriers, with a substantial capacity of 88,000 cubic meters eachā¦
Greece to Buy Four New Submarines
Greece will spend more than 25 billion euros in arms procurements by 2036, including new submarines, drones, satellites and fighter jets, under a 12-year plan to be submitted to parliament in the coming weeks, three officials with knowledge of the plan told Reuters.The move is part of Greece's bid to modernise its armed forces as it emerges from the 2009-18 debt crisis that led to years of austerity, and as it tries to keep pace with its historic rival Turkey.The two countries are at odds over sea boundariesā¦
Tidal Transit Secures Funding for āWorldās Firstā Electric CTV Fleet
U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is a direct response to growing demand for zero-emission CTV solutions from offshore wind operations, according to Tidal Transit.The six newbuilds, to be delivered from 2026, will complement Tidal Transitās existing fleet of electric CTVās.
Ranking & Reporting the World's Top 10 Vessel Owning Nations
In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value, while geopolitical events and shifting market dynamics continue to shape the rankings.Letās take a closer look at the global giants of ship ownership and the forces driving their dominance.1.
$5B India Submarine Deal Clears Hurdle
German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T), could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.Theā¦
GTT wins Tank Design Order for 6 LNG Carriers
GTT announces that it has received, in the first quarter of 2025, an order from its partner the Chinese shipyard Hudong-Zhonghua (Group) Co. Ltd. for the tank design of six new very large Liquefied Natural Gas (LNG) carriers.These six LNG carriers will each feature a total capacity of 271,000 m³ and will be fitted with GTTās NO96 Super+ membrane containment system.Deliveries of the vessels are scheduled for the second quarter of 2028, the second and third quarters of 2029, the first and third quarters of 2031.
Europe's First Electric Tugboats Arrive in Antwerp
Six new electric tugboats, including the groundbreaking Volta 1, have arrived in the Port of Antwerp-Bruges, with t e Volta 1, Europeās first fully electric RSD tugboat, serving as the poster child for the portās ambition to achieve climate neutrality by 2050.The electric tugboat Volta 1 is a European first. With a bollard pull of 70 tons and powerful batteries that can fully recharge in just two hours via a 1.5 MW charging station, this tugboat is completely emission-free. In addition to the Volta 1, five diesel-powered tugboats also arrived in Antwerp today.