Maritime Industry Top News
Furetank Names New Vessel and Unveils New Investments
Furetank's intermediate tanker Fure Vasa was given her name in Uddevalla, Sweden, on August 28, in front of more than 300 invited guests. Along with news of new investments and a 40th-anniversary celebration, the day brought several encouraging signs for the state of Swedish tanker shipping."Today, transport is not only a matter of competitiveness. It is also increasingly a matter of resilience, security and preparedness, given the political tensions in the world.
Cheniere Exports 5,000th LNG Cargo
Cheniere Energy, Inc. has announced the achievement of two significant milestones: the substantial completion of the Corpus Christi Liquefaction Stage 3 Project (CCL Stage 3) in Texas, and the production and export of its 5,000th cargo of LNG from its U.S. Gulf Coast operations. Cheniere has reached the 5,000th cargo milestone faster than any other LNG producer worldwide.CCL Stage 3 achieved substantial completion on August 28…
New RAmparts 4300 ASD Tug to be Designed for Guangzhou Port
Robert Allan Ltd. has been awarded a contract to design a new RAmparts 4300 ASD tug for Guangzhou Port. The vessel will mark the first Robert Allan Ltd.-designed tug to join Guangzhou Port’s fleet and will be constructed by Lianyungang Hongyun Industrial Co., Ltd. with delivery anticipated in May 2028.Designed to meet the demanding operational requirements of one of China’s busiest ports, the new RAmparts 4300 ASD tug will deliver exceptional performance and versatility, says Robert Allan Ltd.
Tidewater Completes WSUT Acquisition
Tidewater Inc. has announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively: WSUT), effective August 31, 2026.Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “We are pleased to announce the closing of the WSUT acquisition, and we are excited to welcome our new employees to Tidewater.
AWO Targets Action on Falls Overboard Prevention
On August 28, the American Waterways Operators (AWO) organized the second annual Falls Overboard Safety Standdown Day. Falls overboard are the leading cause of mariner fatalities in the tugboat, towboat, and barge industry.Participating companies and stakeholders were encouraged to pause briefly on August 28 to review falls overboard prevention procedures with crew; reinforce safe deck behavior, buddy systems…
Trump says Exxon will Re-Enter Venezuela
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning reversal nearly two decades after the company exited following the nationalization of its assets. The oil producer operates the prolific Stabroek Block in next-door Guyana…
ABS: Shipping has Entered a New Phase for Navigating Decarbonization
On the release of a new ABS report “Decision Point: Practical Pathways to 2035” John McDonald, ABS Chairman and CEO, explains: “The industry has entered a new phase. For many years, the discussion centered on identifying a future fuel winner. Today, the challenge is broader. Shipping companies are making investment decisions for assets that will operate into the 2040s, while managing regulatory uncertainty, changing market expectations and evolving technology pathways.
Lucas Cribley Named CEO of C-Innovation
C-Innovation (C-I), a provider of subsea services and an affiliate of Edison Chouest Offshore, announced the promotion of Lucas Cribley to Chief Executive Officer.In his new role, Cribley will lead C-I’s overall strategy and operations as the company expands its capabilities and strengthens its position in the global subsea services market.Cribley brings over 25 years of experience in offshore operations, project execution, and business development.
PPG Launches PPG ONE RANGE Marine Coating Portfolio at SMM
PPG announced the launch of the PPG ONE RANGE portfolio of five one-component marine coatings at the SMM 2026 maritime industry trade fair in Hamburg, Germany. Designed to simplify onboard fleet maintenance, the portfolio helps crews complete maintenance projects more efficiently with ready-to-use, one-component coating solutions.The portfolio's ready-to-use, one-component format supports a broad range of onboard maintenance applications with simplified product preparation…
Sweden Signs Order for Four Frigates
Sweden signed an order for four Naval Group frigates during a ceremony in Stockholm on Monday attended by French President Emmanuel Macron and Swedish Prime Minister Ulf Kristersson.Sweden, NATO's newest member, is racing to build up its military strength after Russia's invasion of Ukraine in 2022 prompted the country to abandon its long-held policy of neutrality.European governments more generally have increased defence spending in response to pressure from U.S.
80 Vessels Queue to Enter the Danube
The queue of vessels waiting to enter the Danube en route to Ukraine's river ports has grown to about 80 over the past five days, although the number of ships being allowed through the route is also gradually increasing, a shipper said on Monday.Russian attacks have effectively blocked Ukraine's main Black Sea ports, which once handled 90% of the country's grain exports, forcing Kyiv to divert cargo…
Marlink Launches Solution for Maritime Operational Technology Security
Marlink, a leader in managed services for business-critical digital solutions, has launched a new OT Security offering for maritime and land-based industries. Combining professional services and OT-native technology solutions, the offering helps organizations protect the safety, continuity and resilience of operational technology. OT controls physical processes across industries including: vessel navigation…
WinGD Report: Further Policy Needed to Meet Decarbonization Targets
The latest Fuel Economics Report published by WinGD has found that while retrofitting for alternative fuels could help ship operators reach net-zero emissions cost-effectively, further policy support is needed to strengthen the business case and ensure maritime decarbonization targets are met. While the engine technology to decarbonize existing vessels is increasingly available, the remaining challenge is aligning fuel economics and regulation with targeted emissions reductions.
Steerprop Provides Contra-Rotating Propeller in First Yacht Project
A yacht being built for a private owner will be the first ever vessel to be equipped with Steerprop’s smallest contra-rotating propeller (CRP) azimuth propulsors to date. The order marks Steerprop’s first yacht project.The yacht will be fitted with two 700 kW Steerprop SP 8 CRP propulsors, which deliver outstanding thrust relative to power input. This efficiency enables the installation of smaller…
The Switch Receives Highest Marine Electric Machine Orders to Date in July
The Switch has secured 13 orders for their electric machines (EM) busines since the beginning of June, covering almost 50 oceangoing vessels and 59 permanent magnet (PM) machines. July marked the company’s strongest month to date for marine EM orders.The surge comes as shipowners put greater emphasis on efficiency across the vessel, with optimization extending from ship design to individual equipment and power-system configurations.
Austal USA Starts Construction of USCGC Ingham
Austal USA has started construction on its third U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC), the future USCGC Ingham, at the company’s Mobile, Ala. ship manufacturing facility.Ingham is being built under a contract that includes options for up to 11 cutters and has a current potential value of $3.3 billion.The 360-foot OPC will provide the majority of the Coast Guard’s offshore presence…
Singapore and Brazil to Develop Green and Digital Shipping Corridor
Singapore and Brazil have signed a Memorandum of Understanding (MoU) to establish the Singapore-Brazil Green and Digital Shipping Corridor. The MoU was signed by Singapore’s Minister for Transport, Jeffrey Siow, and Brazil’s Minister of Ports and Airports, Tomé Franca.Brazil has significant renewable energy resources and production capabilities that could support the production of zero- and near-zero greenhouse gas emission marine fuels…
Contecon Manzanillo Ready for Ultra Large Container Ships
Contecon Manzanillo S.A. de C.V. (CMSA), International Container Terminal Services, Inc.'s (ICTSI) Mexican unit, has paved the way for the Port of Manzanillo to accommodate ultra large container vessels after receiving the go-ahead to handle ships with drafts of up to 15.5 meters. CMSA is now the only terminal operator at the Port of Manzanillo with this capability and is now able to serve vessels up to 400 meters long…
What El Niño's Return Means for Panama Canal Transits
Just two years after the worst drought in the Panama Canal's history forced ships to wait weeks for passage and triggered multi-million-dollar bidding wars for transit slots, El Niño is again threatening the rainfall that feeds the waterway.With El Niño strengthening and reservoirs shrinking, the industry is bracing for a repeat of the disruption at one of the world's most important waterways — and some ships are already taking long detours via Africa.Earlier in August…
Tanker Hit as Hormuz Sailings Drop
The number of visible commodity vessels transiting the Strait of Hormuz dropped to five per day over the weekend, shipping data showed on Monday, as companies tread cautiously amid continued attacks on ships.The actual number of ships passing the strait could be higher as some vessels have switched off their automatic identification system to evade attacks.Weekend traffic was limited to small-sized vessels, data from commodities firm Kpler showed.
