Maritime Industry Top News
HII Reports Q1 2025 Results
HII today reported results for the first quarter of fiscal 2025.First quarter 2025 revenues of $2.7 billion were down 2.5% from the first quarter of 2024, driven by lower volume at Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.Operating income in the first quarter of 2025 was $161 million and operating margin was 5.9%, compared to $154 million and 5.5%, respectively, in the first quarter of 2024.
Thordon Bearings: RiverTough Exceeds 500 Installations in Workboat Sector
Thordon Bearings has seen its RiverTough tailshaft bearing solution surpass 500 installations in the workboat sector.Primarily a retrofit solution but also increasingly specified for newbuilds, RiverTough is designed for coastal and inland waterways, where conditions are typically muddy and abrasive. The solution, applied in combination with hard-coated nickel-chrome-boron (NiCrB) Thordon shaft sleeves…
TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman
French energy giant TotalEnergies and OQ Exploration and Production (OQEP), Oman's national oil company, have held the ground breaking ceremony for the Marsa LNG plant, marking the start of construction of the Marsa LNG plant in the port of Sohar, northern Oman.The ground breaking ceremony was held one year after the Final Investment Decision (FID) for the project, which will feature a liquefied natural…
INEOS Set for May Launch of First European Built CO2 Carrier
The first European built CO2 carrier, dedicated for work at the Greensand carbon capture and storage (CCS) project, will be christened and launched on May 14, 2025.All ship sections of the vessel have now been successfully constructed and assembled at Royal Niestern Sander shipyard in the north of the Netherlands.The dedicated CO2 carrier currently under construction at Royal Niestern Sander shipyard…
Belgian Energy Island in North Sea Starts Taking Shape (Video)
TM Edison, a consortium of Belgian marine construction companies DEME and Jan De Nul, has installed the first two of a total 23 caissons in the Belgian North Sea, marking the start of construction for the Princess Elisabeth Island, the ‘world’s first’ artificial energy island.Caissons are concrete building blocks that form the outline of the future island. In a later phase, the interior will be filled…
Jan De Nul Installs First Foundation at RWE’s Thor Offshore Wind Farm
Jan De Nul has kicked off the installation campaign of the monopile foundations for RWE’s Thor offshore wind farm, completing the installation of the first of 72 monopiles with its heavy-lift vessel Les Alizés.When finished, Denmark’s largest wind farm to date will provide enough renewable energy to power more than a million Danish households.The 72 wind turbines will find their home near the west coast of Jutland…
New Chief Executive Appointed at MPA Singapore
Ang Wee Keong, currently the Assistant Chief Executive (International) of the Info-Communications Media Development Authority (IMDA), will take on the role of Chief Executive of the Maritime and Port Authority (MPA) effective June 16.In his current role, Ang has made significant contributions in advancing Singapore’s digital interests and thought leadership in the international arena. He strengthened Singapore’s network of digital economy partnerships…
Mediterranean ECA Effective May 1
The Mediterranean Sea Emission Control Area (ECA) for sulphur oxides enters into effect on 1 May.This will make the Mediterranean Sea the fifth ECA for sulphur oxides in the world.In the Mediterranean Sea, it means ships will have to use marine fuel with lower sulphur content, down from 0.5% (a global requirement) to a maximum of 0.1%.Sulphur oxide emissions lead to sea and land acidification and contribute to fine dust…
Corvus Battery System Tapped for New LNG Container Vessels
Matson Navigation Company’s three new 3600 TEU Aloha Class containerships, the largest container ships built in the United States, will use Kongsberg Maritime Hybrid Electrical Systems that incorporate Corvus Energy Orca ESS, the ships designed by KOMAC.With a carrying capacity of 3,600 TEU, the 854-ft (260-m) containerships are the largest of the type being built in the U.S. Matson is expanding its fleet of two Aloha Class vessels with the addition of three…
Feadship Launches Project 827, Ready For Outfitting and Sea Trials
Feadship celebrates another milestone as Project 827 emerges from the shed at the Amsterdam facility. Measuring 71.76 meters, this forward-thinking yacht is now ready for final outfitting and sea trials.Project 827 features exterior design and styling by Studio De Voogt, with elegant lines and low bulwark. From the extended sundeck forward to the wide swim platform aft, the yacht blends spacious deck areas with generous interiors designed for multi-generational enjoyment.
ClassNK Releases Ship Management Guidelines That Draw on Successful Case Studies
ClassNK has released "Prime Shipmanagement Guidelines," which aim to achieve sustainable ship management with safety as the highest priority. With an evolving environment surrounding ship management, including fuel transition, stricter regulations, and crew shortage, ClassNK aims to enable flexible responses to unexpected situations by drawing on lessons learned from successful case studies that had not received much attention before.At sea…
Russian ESPO Blend Oil Freight Rates Hit Lowest Since January
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to the lowest since mid-January on higher availability of tankers…
Indian Oil Signs Five-Year LNG Deal with Trafigura
Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.Trafigura will supply 2.5 million tonnes of LNG…
Norwegian Cruise Line Misses Quarterly Estimates Amidst Tariff Uncertainties
Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise operator said it was expecting annual net yield - profit made per passenger after costs - below the prior range and softness in booking trends due to macroeconomic…
Ukrainian Navy Retrieves and Defuses Russian Bomb from the Black Sea
Ukraine's navy said it retrieved and defused a Russian FAB-500 aviation bomb at the shores of Odesa on Tuesday (April 29).Reuters was not able to verify the location or date of the Navy's footage from underwater and from the controlled explosion, however, a Reuters correspondent filmed the Navy retrieving the bomb from the sea.Demining experts retrieved the bomb from a depth of 20 meters, transported it to the shore and detonated it, the Navy said.Navy spokesman Dmytro Pletenchuk said until 2023
Philippines and New Zealand Strengthen Defense Ties with Troop Pact
The Philippines and New Zealand strengthened defence ties with the signing of a landmark troop pact on Wednesday, opening the way for expanded military cooperation amid shared security concerns in the Indo-Pacific region.The Status of Visiting Forces Agreement, signed in Manila by Philippine Defense Secretary Gilberto Teodoro and NZ Defence Minister Judith Collins, allows the two nations to deploy troops on each other's soil, making it easier for their militaries to work together.New Zealand too
Coast Guard, Partners Target Containers at Port of New York and New Jersey
Coast Guard Sector New York personnel conducted three warehouse spot checks at the Port of New York and New Jersey this week, uncovering a 60% deficiency rate in hazardous material compliance. The targeted inspections, driven by Customs and Border Protection (CBP) container screening data, are part of an expanded effort to detect undeclared hazardous cargo before it can pose a threat to port safety or vessel crews.
Parkburn, Scantrol Collaborate for Offshore Support Vessel Performance in Ultra-Deep Waters
In the demanding environment of ultra-deep waters, where reliability is paramount, Parkburn Precision Handling Systems and Scantrol AS have joined forces to deliver an impactful solution. This collaboration has enabled Stabbert Maritime Group's Offshore Support Vessel (OSV) Ocean Guardian to achieve successful operations since delivery over two years ago.Parkburn, an innovator in winching technologies and cable handling systems across the marine…
d’Amico International Shipping Announces New Time Charter Contracts
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announced that its operating subsidiary, d’Amico Tankers D.A.C. (Ireland), has recently signed new 12-month time charter agreements for two of its Eco-MR2 vessels and one of itsEco-LR1 ships, all with reputable counterparties and at very profitable daily hire rates.
Wärtsilä Expands Introduces NextDF Technology for Third Engine
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. This is nearly three times lower than the default methane slip factor of 3.1 percent…
