Marco Polo, Siemens Gamesa Ink Two-CSOV Framework Agreement
Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs) for offshore wind projects in Asia.Under the non-exclusive agreement, PKR Offshore will provide two upcoming CSOVs to support Siemens Gamesa across multiple offshore wind projects in Taiwan. The companies will also work together on deploying…
Methanol-Ready Arctic Tern PCTC Joins Wallenius Wilhelmsen Fleet
Roll-on/Roll-off (RoRo) shipping and vehicle logistics group Wallenius Wilhelmsen has taken delivery of Arctic Tern, the first dual-fuel methanol-ready vessel in its new Shaper Class series.Arctic Tern vessel offers greater cargo capacity and improved operational efficiency and will be deployed through EUKOR Car Carriers, the shipping line jointly owned by Hyundai Motor Group and Wallenius Wilhelmsen.Following delivery, the vessel will enter service between Asia and Europe almost…
TotalEnergies Ships First ECA LNG Cargo from Mexico to Asia
TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning.The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per annum of LNG for 20 years from the start of commercial operations.TotalEnergies will be the sole LNG offtaker during the project's ramp-up phase.ECA LNG Phase 1, located in Baja California…
Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows
The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict.What was meant to mark the start of a fragile recovery following the June 17 memorandum of understanding between Tehran and Washington is instead evolving into a period of chronic instability, with each new incident reinforcing doubts over the security of one of the world's most important energy arteries.U.S.
OMS Group Cuts First Steel for its Third Cable Laying Vessel
OMS Group has started construction of CS Resilience, the third vessel in its next-generation GREAT-Class fleet, with a first steel cutting ceremony held at CRIST's shipyard in Gdynia, Poland.The milestone marks the start of construction of the cable-laying vessel, which is scheduled to enter service in 2028 and forms part of OMS Group's long-term fleet expansion program.CS Resilience is one of two next-generation cable-laying vessels being built under OMS Group's partnership with Ulstein, announced in January 2026.
CY Frontier: First of Four Heavy Transport Vessels
CY Shipping and BigLift Shipping christened CY Frontier, the first of four BC-Class Heavy Transport Vessels (HTVs). The vessel was christened by Jenny Jung, who served as its godmother. Representatives of CY Shipping, BigLift Shipping and Jing Jiang Nanyang Shipbuilding Co., Ltd. attended the ceremony.Developed jointly by CY Shipping and BigLift Shipping, the BC-Class has been designed to meet the growing demand for the transportation of increasingly large offshore, energy and industrial modules.
Offshore Vessel Pair Ordered from Grandweld Shipyard
Bahri Logistics, a business unit of Bahri, the Kingdom’s leading shipping, maritime transportation, and logistics company has signed a newbuild agreement with Grandweld Shipyard for the construction of two offshore service vessels.The two vessels will be custom-built to meet the operational requirements of offshore activities at Ras Tanura Port, one of the world’s busiest energy hubs. Each vessel will be equipped with the latest navigation, communication, and safety technologies, ensuring maximum efficiency and reliability.
Solstad’s Normand Vision CSV Secures Work Through 2028
Solstad Maritime has secured a one-year contract extension for the construction support vessel (CSV) Normand Vision with Ocean Installer, keeping the vessel in operation under the agreement through the end of 2028.The extension will begin in direct continuation of the current agreement.The deal also includes two additional annual options covering 2029 and 2030, as well as a mechanism for a further extension until 2031.Normand Vision is a multi-purpose CSV designed and built for subsea structures, umbilicals, risers and flowlines (SURF) installation.
Bernhard Schulte Takes Delivery of Final CSOV in New Fleet Series
Bernhard Schulte Offshore (BSO) has taken delivery of Windea Clarke, the fourth and final commissioning service operation vessel (CSOV) in its latest newbuild series, with the vessel set to enter a seasonal charter on a UK North Sea offshore wind project.The vessel was christened on June 30 at Ulstein Verft in Norway and completes a series of four new CSOVs integrated into BSO’s offshore fleet since mid-2025.With the latest delivery, BSO’s offshore fleet comprises seven vessels.Like its sister vessels…
South Korea’s Largest Cable Layer Starts Taking Shape in Türkiye
LS Marine Solution, a subsidiary of LS Cable & System, has started construction of a next-generation cable laying vessel (CLV) designed for long-distance high-voltage direct current (HVDC) and large-scale offshore wind grid projects.A steel-cutting ceremony for the new CLV was held at Tersan Shipyard in Türkiye, with delivery scheduled for the first half of 2028.The vessel will have a cable loading capacity of 13,000 tons and is set to become South Korea’s largest cable layer.Its capacity will allow long-distance cables to be installed in a single voyage…
Boskalis Christens 'World’s Largest' Subsea Rock Installation Vessel
Dutch marine services firm Boskalis has christened the Windpiper, which it describes as the world’s largest subsea rock installation (SRI) vessel, following an 18-month conversion project.The 227-meter-long and 40-meter-wide vessel was officially christened on July 3 by Ms. Jones-Bos, a member of the Boskalis Supervisory Board, Boskalis said.The Windpiper has a rock cargo capacity of 45,500 tons across two holds and will double Boskalis’ rock installation capacity.The large cargo…
Ten Japan-Linked Vessels Exit Hormuz After Iran War Disruption
A fleet of 10 Japan-linked vessels was exiting the Strait of Hormuz on Monday while a supertanker carrying Saudi crude for South Korea left over the weekend, shipping data on LSEG showed, after the ships were stranded in the Gulf for months because of the Iran war.The Japan-linked ships include six very large crude carriers loaded with 12 million barrels of Middle Eastern crude, two chemical tankers, a vehicle carrier and a container ship, the data showed. The tankers are carrying crudes from Saudi Arabia…
Alternative-Fuel Vessel Orders Slow Down in First Half of 2026, DNV Finds
Orders for alternative-fueled vessels totaled 137 in the first half of 2026, down from 155 in the same period a year earlier, according to figures from DNV's Alternative Fuels Insight (AFI) platform.DNV’s AFI has recorded 15 new orders for alternative-fueled vessels in June 2026.This consisted of 10 orders for LNG-fueled vessels, nine of which were car carriers and one a CO2 carrier. The remaining five orders were for LPG/ethane carriers.Two LNG-bunker vessels were also ordered in June…
Boskalis, Van Oord to Expand Swedish Port with $570M Dredging Job
Boskalis and Van Oord have been awarded a dredging contract worth approximately $570 million (€500 million) for the expansion of the Port of Luleå in Sweden.The contract was awarded by the Swedish Maritime Administration and the Port of Luleå and will be executed by a joint venture between the two companies, with the contract value split equally.Under the contract, the joint venture will deepen the port's fairway and harbor basin to accommodate vessels with a draft of up to 14.7 meters and a cargo capacity of up to 85…
MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO
MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will be integrated with the aft hull section before the vessel moves to the next stage of construction.The project is the first to use…
DEME Expands Fleet with Next-Gen Hopper Dredger Order
Belgian marine contractor DEME has ordered a next-generation trailing suction hopper dredger (TSHD) as part of a fleet expansion aimed at improving efficiency in dredging, land reclamation and offshore seabed preparation.The new vessel will have a hopper capacity of 22,000 cubic meters and is designed to reduce greenhouse gas intensity and lower dredging costs compared with existing vessels in the same segment, the company said.The dredger will feature an advanced propulsion system, a hydrodynamically optimized hull, improved dredging technology and a high level of automation.
A.P. Moller Holding to Acquire Ocean Yield from KKR
A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.Under KKR's ownership since 2021, Ocean Yield has invested more than $3 billion to expand its portfolio, diversify its investment-grade customer base and nearly double its long-term contracted backlog to more than $5 billion…
DOF Extends Charter for MPSV in Australia for One More Year
Norwegian offshore vessel owner DOF has secured a one-year contract extension for its multi-purpose supply vessel (MPSV) Skandi Darwin in Australia.The company said the vessel's current client exercised an extension option that will keep the 2012-built vessel working in Australia until the third quarter of 2027.DOF did not disclose the name of the client or financial terms of the extension.Skandi Darwin is of the MT 6015 MPSV design and is equipped with a multi-application cargo system, with tank capacities dependent on configuration and the products carried.
Eldorado-Vantage Merger Signals Continued Offshore Drilling Consolidation
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.Post-transaction, the company’s fleet will comprise four drillships - including…
DOF Bags TotalEnergies Contract for FSO Replacement Project
DOF Group has secured a contract from TotalEnergies to provide subsea construction and mooring services for the floating storage and offloading (FSO) Unity Replacement Project.The contract covers engineering, transportation and installation of mooring systems, as well as subsea construction work, including the disconnection of the existing floating storage and offloading (FSO) unit and the connection of its replacement.Project management and engineering activities will begin immediately from DOF's offices in Aberdeen…
Vard Delivers Hybrid Cable Layer to Toyo Construction
Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26. It is also the first vessel Toyo Construction has ordered from Vard.The CLV was outfitted, commissioned and delivered on time from Vard Langsten, while the hull was built at Vard Shipyards Romania-Tulcea.Spanning 151 meters long and 28 meters wide…
Dutch Firm Secures $465M Funding for Mexico-Bound FSO
SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation.SBM Offshore said the financing would be drawn during the construction period and would become non-recourse after the vessel starts operations.
MOL, IBM Japan Launch AI Platform for Vessel Operations
Mitsui O.S.K. Lines (MOL) and IBM Japan have jointly developed an artificial intelligence (AI)-powered platform designed to support decision-making in vessel operations by integrating operational, weather and geopolitical information.The platform, which went live on July 1, is centered on MOL's Safety Operation Supporting Center (SOSC), which monitors and supports the safe operation of MOL-affiliated vessels worldwide.The companies said the platform consolidates weather and sea condition data…