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Fincantieri Presents Underwater Segment, Revenue Expected to Reach 920 Million in 2027
During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%.
St. Johns Ship Building Delivers Third CTV for U.S. Offshore Wind Operations
St. Johns Ship Building, a Palatka, Florida-based Jones Act-compliant shipyard owned by Americraft Marine, announced the delivery of the WINDEA Reliance, the third and final vessel in a series of 30-meter aluminum Crew Transfer Vessels (CTVs) built for WINDEA CTV LLC, a partnership between MidOcean Wind and Hornblower Wind.This delivery completes a three-vessel build program that includes the WINDEA Courageous, WINDEA Enterprise, and now WINDEA Reliance—all constructed at St.
US Gulf Coast’s First LNG Ship Bunkering Hub Secures Final Permits
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as a cleaner alternative.U.S. President Donald Trump's administration…
Guyana Passes Bill Making Firms Liable for Oil Spill Damages
Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels.The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali.Guyana, whose oil production is controlled by an Exxon Mobil-led XOM.N consortium is expected to surpass 900,000 barrels per day (bpd) this year.
Lamprell, Dong Fang Offshore Sign Wind Turbine Installation Vessel Deal
Lamprell has signed a memorandum of understanding (MoU) with Dong Fang Offshore (DFO) for a newbuild NG-9000X wind turbine installation and maintenance vessel.The newbuild vessel will support offshore wind activities in the Asia Pacific region and will be designed to accommodate the latest generation of turbines.The MoU outlines steps for collaboration between DFO, Lamprell, and prospective regional clients…
Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel
Akastor’s fully-owned subsidiary DDW Offshore has canceled the sale of Skandi Peregrino anchor handling tug supply (AHTS) vessel.The agreement to sell Skandi Peregrino AHTS, first announced in early March 2025, was conditional on charterer's consent.At the time, Akastor reported the purchase price was $25 million by an unnamed buyer, with the agreement expected to be completed in the second quarter of 2025.Since the charterer has not accepted to novate the relevant contract on the vessel…
Vitol Brings Bunkering by Barge to the West Africa Market
Vitol has started supplying bunkers by barge to the West Africa region, with initial deliveries of VLSFO and MGO and plans to expand to offer the full spectrum of marine fuels.Bunkering by barge offers flexibility of location, taking place wherever there is a need, including Dakar and offshore Lomé.Adding to the already significant bunkering offer, this latest expansion means that Vitol bunkers now serve customers in locations across Asia…
Polish Shipbuilder Lays Keel for DOF’s New Offshore Support Vessel
Polish shipbuilder CRIST S.A.
Conrad Industries' First Quarter Income Up From 2024
Conrad Industries has announced today its first quarter 2025 results with a net income of $3.9 million compared to $1.5 million during the first quarter of 2024.During the first three months of 2025, Conrad signed $67.3 million in contracts in its new construction segment compared to $51.8 million added to backlog during the first three months of 2024. Conrad’s backlog was $292.0 million at March 31…
Topside for Hollandse Kust (west Beta) Substation Set to Sail to Final Location
Two weeks after the successful load out, the steel topside for the Hollandse Kust (west Beta) substation platform is ready to leave the port of Hoboken near Antwerp in the Netherlands for its final North Sea destination.The topside is schedule to leave the Dutch port on May 17, on a floating pontoon via the Scheldt and the Western Scheldt towards the North Sea.As soon as Heerema Marine Contractors’ installation vessel Sleipnir has completed its current job in British waters…
Stakeholders Wary of Partial Decommissioning of Offshore Wind Farms
The earliest wind farms installed in the EU are coming to the end of their planned 20-30-year lifespans.Current guidance, such as Article 60(3) of the United Nations Convention on the Law of the Sea and the OSPAR Commission’s Decision 98/3, indicates that decommissioning should involve the complete removal of all seabed installations. This is also specified in national law in some territories.However…
ABS Approves Cargo Handling Technology for Ethane Carriers
ABS awarded approval in principle (AiP) to HD Korea Shipbuilding and Offshore Engineering (HD KSOE) for its design of an advanced cargo handling system for very large ethane carriers (VLECs).The design consists of a refrigerant-based reliquefication system and an ethane fuel supply system installed on the ship. HD KSOE says the design, once developed, will help customers reduce operating costs.ABS…
Bureau Veritas Calls For Standardized Safety Regulations For Electrification Technologies
Bureau Veritas Marine & Offshore (BV), a leader in testing, inspection, and certification, has called for greater clarity regarding standardized safety regulations that will advance the development of maritime electrification technologies, following the publication of a new technology report, Maritime Electrification: Maritime Battery Systems and Onshore Power Supply. The report explores how electrification…
First European Built CO2 Carrier for CCS Projects Officially Launched
INEOS and Royal Wagenborg have launch and named the first European built offshore CO2 carrier for carbon capture and storage (CCS) projects, marking a major for Project Greensand and CCS schemes across the EU.The CO2 carrier has been named Carbon Destroyer 1 at the ceremony held at the Royal Niestern Sander shipyard in the Netherlands, as part of the partnership between Royal Wagenborg and INEOS Energy.
ABS, HD Hyundai to Collaborate on Naval Shipbuilding
American Bureau of Shipping (ABS) and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) that opens the door for joint development projects to develop international naval ships.With the goal of achieving approval in principle, ABS will apply its goal-based and prescriptive requirements to three different types of naval ship designs from HHI, including HDA-24000: Auxiliary Logistic Support Ship…
New $1.2B Subsea Cables Factory Plan Set to Transform Port of Tyne
LS Eco Advanced Cables (LSEAC) has launched a five-week public consultation on its proposals to develop a high voltage cable production facility at the Port of Tyne for subsea electricity transmission, designed to transport clean energy generated by offshore wind onto UK shores.While plans are at an early stage and still being finalized, total investment is expected to be approximately $1.2 billion (£923 million)…
Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)
Woodside Energy’s Scarborough energy project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU).Constructed separately at two different fabrication yards in China, the joining of the two mega-structures is a significant step forward for the Scarborough energy project as it progresses towards first liquefied natural gas (LNG) cargo…
Vestdavit Seals Deal to Deliver 14 PLR Davits for French Navy OPV Newbuilds
Vestdavit has bolstered its position as a supplier of boat-handling systems to navies worldwide after landing an order to deliver multiple davits and painter booms for a series of Offshore Patrol Vessels (OPVs) contracted by the French Navy at domestic yards.The davit deal covers delivery and commissioning of a total of 14 PLR-5004-type davits, as well as 14 PBH-2500 painter booms, for the seven OPV…
Strategic Marine Delivers Second Hybrid Fast Crew Boat to Malaysian Operator
Centus Marine, a Malaysian operator of fast crew boats, has taken delivery of the second hybrid fast crew boat (FCB) from the Singaporean shipbuilder Strategic Marine.The vessel, named Centus Alesha, features Strategic Marine’s hybrid propulsion system, which is said to reduce fuel consumption and emissions.The delivery builds on the success of the first hybrid FCB delivered in 2024. “The delivery of Centus Alesha reflects our strong and ongoing relationship with Centus Marine.
Agogo FPSO to Reach Azule Energy’s Field off Angola in Mid-May (Photos)
One of the world’s most advanced offshore production assets, the Agogo floating production storage and offloading (FPSO) vessel, operated by Yinson Production for Azule Energy, made a scheduled technical stop at Walvis Bay in Namibia, while en route to a field offshore Angola.The brief stopover, which took place on May 8, 2025, was part of planned logistics to replenish stores and facilitate crew changes.Built and operated by Yinson Production for Azule Energy…
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
“The Money Maker”: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
