Shipbuilding News

As August winds down, global markets gave us another week of shy half-gestures and newlywed hesitant moves, says cash buyer GMS, all while confidently pretending they were marching somewhere important.“Oil traders kept one eye on inventories, the other on geopolitics, and both cockeyed on the clock as WTI closed at USD 64/barrel with Brent just above USD 68—moves so small they looked like rounding errors. Yet the steady draw of about 3 million barrels from U.S. reserves keeps feeding the illusion of momentum heading into September as U.S.

Norway said on Sunday it had chosen Britain as its strategic partner for the acquisition of new frigates in its biggest ever military investment, in a deal worth some 10 billion pounds ($13.51 billion) to boost the Nordic country's maritime defence.Germany, France, Britain and the United States had offered rival frigate designs in competition."The frigates are an essential part of our defence because they are key to defend our sovereignty," Prime Minister Jonas Gahr Stoere told a press conference.Norway is NATO's monitor for the vast 2 million square kilometres (772…

European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.According to Bild, the Luerssen family, who own the shipbuilder, plan to divest its military shipyards in Hamburg…

“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Due to OPEC+’s recent decision to reverse oil production cuts, the International Energy Agency (IEA) has increased its crude oil supply forecast significantly.

Höegh Autoliners has placed an order for four ammonia-burning Everllence B&W 7S60ME-LGIA (Liquid Gas Injection Ammonia) dual-fuel engines for four 9,100 CEU Aurora-class pure car truck carriers (PCTCs).The vessels will be the first in the PCTC segment to receive DNV’s ammonia-ready and methanol-ready notations.Everllence views the order as signalling a new era for clean propulsion within global shipping. HD Hyundai Heavy Industries Co. Ltd. will build the engines in South Korea.Bjarne Foldager – Head of Two-Stroke Business – Everllence…

Joël Lightbound, Canada’s Minister of Government Transformation, Public Works and Procurement, and the Honourable Stephen Fuhr, Secretary of State (Defence Procurement), have announced that the Government of Canada has identified German company Thyssen Krupp Marine Systems (TKMS) and Korean company Hanwha Ocean as the two qualified suppliers for the Canadian Patrol Submarine Project (CPSP).Delivery of the first Canadian Patrol Submarine is expected no later than 2035.The new submarine fleet will be deployable in the Arctic with extended range and endurance that will provide stealth…

Ascenz Marorka, a GTT Group company, announced the signing of a contract with Hudong-Zhonghua Shipbuilding, a GTT long-time partner, to equip 24 LNG carriers with its Sloshield system.Sloshield is an advanced solution for detecting and reducing sloshing risks in LNG cargo tanks. By providing real-time monitoring and predictive analysis, it enables ship operators to preserve cargo integrity, limit structural stress, and optimise operational safety.This contract underscores the strength of GTT’s integrated offering…

Oceanbird launched its first rigid wing sail, the Wing 560, on August 25, 2025. Aside from being a new landmark in Landskrona, Southern Sweden, it will be an important site for crew training, customers visits and optimization of the automation system. The Oceanbird company was formed 3.5 years ago as a joint venture between Alfa Laval and Wallenius Lines. Since then, the team has developed a rigid, 40-meter high and 14-meter-wide wing sail. The core is made of high strength steel…

International digital shipbuilder Incat Crowther has been selected by Port Houston in the United States to design a new, hybrid electric, tour vessel for the port’s Houston Ship Channel tours.Incat Crowther will partner with Louisiana-based shipbuilder Breaux Brothers on the project, meaning the new vessel will be both designed and constructed in the United States.The new 22-metre vessel will replace the near 70-year old M/V Sam Houston, which has been servicing the tourism route since the port began offering tours in 1958.The vessel…

Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will be dedicated to the installation of two additional docks, and three quays to increase capacity. Hanwha is also reviewing the build-out of a new block assembly facility.Through this expansion, Hanwha aims to increase Philly Shipyard’s annual production volume from less than two vessels to up to 20.

South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed "Make American Shipbuilding Great Again.""Ahead of the full-scale launch of the MASGA project following the Korea-U.S.

Tidewater has appointed Coulston (Cole) Van Gundy Vice President of Shipyard and Terminal Operations.Van Gundy brings more than 19 years of maritime industry experience to Tidewater. He joins from Crowley, where he most recently served as Vice President of Engineering, leading the engineering services group responsible for civil and marine design, engineering, and construction management for internal and external clients.Over his career, Van Gundy has overseen the delivery of more than 20 vessels and assets, including tugs, tankers, barges, fireboats, and research vessels.

The U.S. Maritime Administration (MARAD) has celebrated the christening of the State of Maine, the third of five National Security Multi-Mission Vessels (NSMV), at Hanwha Philly Shipyard.Built for Maine Maritime Academy, the State of Maine will serve as a next generation training ship, supporting both the academic development of cadets and America’s humanitarian relief.MARAD is replacing aging training vessels from the National Defense Reserve Fleet with new, purpose-built ships…

Sea trials on the Washington State Ferries (WSF) ferry Wenatchee (2,500 passengers, 200 vehicles) got off to a bad start last week, as WSF reports "investigation by our technicians and engine crew discovered last week the control system communication wires were creating intermittent instability which caused the drive motors to go offline."Invariably, problems crop up during most every vessel's shakedown, and WSF said "While unexpected, issues like this are a normal part of a vessel commissioning which involves rigorous inspection…

Rauma Marine Constructions (RMC), together with its subsidiary RMC Defence Oy, is building four Pohjanmaa-class multi-role corvettes for the Finnish Navy as part of the Squadron 2020 project. The high-performance multi-purpose corvettes are designed for the varying conditions of the Baltic Sea, including ice operations. The corvettes are built in a closed special facility constructed specifically for the project to guarantee the required level of security and quality. The Rauma shipyard also fulfils the security requirements of NATO.

Offshore crew transfer company Windcat has taken delivery of the Windcat Rotterdam, the first Commissioning Service Operation Vessel (CSOV) in its new Elevation Series, developed with Damen Shipyards and CMB.TECH.Built at Ha Long Shipyard in Vietnam, the 89-metre vessel marks a milestone in the company’s expansion from crew transfer operations into larger offshore service capabilities. The Windcat Rotterdam can accommodate up to 120 people and is designed to support construction…

Dating back to the year 1786, Thomas Jefferson wrote to a member of the Continental Congress on the importance of free press keeping government in check. He was quoted as saying if he had a choice between “a government without newspapers or newspapers without a government, I should not hesitate a moment to choose the latter.”The basis of the statement being that the government is the opinion of the people. It is not in the current U.S. shipping reporting.The first “newspaper” shipbuilding announcements consisted of new legislation capable of delivering us back to our former maritime dominance.

Cerberus Capital Management has entered a strategic partnership with HD Hyundai to launch a new maritime investment strategy, Cerberus Maritime.Cerberus Maritime is aligned with the U.S. Government’s initiative to revitalize the maritime capabilities of the United States and allied nations. The strategy aims to identify high-impact opportunities that strengthen strategic maritime infrastructure and supply chains, maritime logistics infrastructure, port modernization, and advanced maritime technologies. The strategy will have a particular focus on U.S.

Business Korea reports that Hanwha Ocean plans to invest an additional minimum of $70 million in Philly Shipyard.The aim is to increase productivity to 10 ships per year by 2035, up from the current rate of 1 to 1.5 ships per year.Hanwha Ocean acquired Philly Shipyard in December last year for $100 million and renamed it Hanwha Philly Shipyard.Hanwha seeks to build on the success of Philly Shipyard, established in 1997, that delivered around 50% of all large ocean-going U.S. Jones Act commercial ships since 2000…

Norwegian shipbuilder Vard has signed a contract with Norway-based Sanco Shipping for the conversion of the seismic research vessel Sanco Sailor into a seismic source vessel.Sanco Shipping contracted PGS Apollo, now renamed Sanco Sailor, earlier in 2025, ahead of conversion job at Vard Langsten.Vard’s scope of work includes significant structural modifications, upgrades to existing seismic equipment, and the installation of a DP2 system for the vessel spanning 106.6 meters in length…

Losses in various individual sectors along the entire dry bulk range across the recent past saw the overall benchmark index lose about 5% of its overall value, which would explain the recent (and ongoing) influx of tonnage into the West Coast Indian and even Pakistani waterfronts spanning several weeks now, reports cash buyer GMS.“And despite recent deliveries of a wide collection of sizes and types of vessels (especially in Alang), the overall sentiment in the Indian sub-continent remains on watchful footing while trying to surf the wakes of Trump’s ongoing tariff conundrums…

MV Lochmor, the first of two new vessels for the Little Minch routes, was launched August 23, 2025 at Cemre Marin Endustri shipyard in Yalova, Turkey.MV Hebrides, the new ferry along with sister vessel, MV Claymore, will provide a two-vessel service to the routes between Uig on Skye, Tarbert (Harris) and Lochmaddy (North Uist). MV Lochmor can accommodate up to 450 passengers and 100 cars, or 14 commercial vehicles, bringing a major boost to capacity and resilience for the communities it will serve.Transport Scotland provided £115m of funding for the Little Minch ferries project in 2022…

Sanmar has launched a new tugboat for Ultratug Mexico, which will operate at Lazaro Cardenas Port on Mexico’s Pacific coast. The vessel, temporarily designated as Boğaçay LXXIX, is currently under construction at Sanmar’s purpose-built shipyard in Turkiye.The tug is based on the RAmparts 2400SX-MKII design by Canadian naval architects Robert Allan Ltd., a model exclusive to Sanmar and tailored to meet the specific operational needs of Lazaro Cardenas Port. It will provide accommodation for up to eight crew members…

The construction of the Finnish Border Guard’s two multipurpose offshore patrol vessels, ordered from Meyer Turku, has proceeded to the traditional christening ceremony carried out in equipping stage. On Friday, August 22, 2025, the first vessel was christened Karhu. The christening was carried out by the vessel’s godmother, Mrs Suzanne Innes-Stubb. The ceremony took place in the shipyard Uudenmaan Työvene, where the vessel will be equipped. The ship will be delivered to its owner in winter 2026.

Le Groupe ALMACO, the Canadian subsidiary of Finland-based ALMACO Group, won a CAD 100 million+ contract by Chantier Davie Canada Inc. to deliver the outfitting of the Canadian Coast Guard’s Polar Max icebreaker. The project, part of the National Shipbuilding Strategy (NSS), is a landmark program that will shape the future of Canada’s Arctic operations and strengthen Québec’s role as a global shipbuilding hub.Polar Max will be built through an international collaboration between Davie’s Helsinki Shipyard in Finland and its facilities in Lévis, Québec.

The Royal Canadian Navy (RCN) has accepted the sixth and final Arctic and Offshore Patrol Vessel (AOPV), His Majesty’s Canadian Ship (HMCS) Robert Hampton Gray.The AOPVs are ice-capable patrol ships designed to enhance the Canadian Armed Forces’ presence in the Arctic, and to assert and uphold Canadian sovereignty. These versatile ships can operate anywhere in the world, bolstering the RCN’s capability to support international peace and security. In addition to performing operational missions and tasks…

Davie shipyard has officially begun construction of the Polar Max icebreaker, a vessel that, once delivered by 2030, is expected to redefine Canada’s Arctic capabilities.The Polar Max is a production-ready heavy icebreaker designed to operate in some of the world’s harshest conditions. The vessel will support Canada’s Arctic sovereignty, critical scientific missions, environmental protection efforts, and maritime security.Uniquely, Polar Max will be constructed through an innovative industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada.

General Dynamics NASSCO has taken delivery of a new dry dock at its Long Beach location, after achieving over 40 years of operation from its existing floating dry dock.“This is more than an arrival. This is our commitment to the future of ship repair, strengthening our ability to meet the evolving needs of our customers,” said the company.The 17,300-tonne dry dock measures over 253 metres in length, 54 metres in width, and 21 metres in height.Kuehne+Nagel was entrusted with its transport from a construction yard in Turkey on the BOKA Vanguard…

Great Lakes Dredge & Dock, the largest provider of dredging services in the United States, has taken delivery of its newest Jones Act-compliant hopper dredge, the Amelia Island from the Conrad Shipyard in Morgan City, Louisiana.The Amelia Island is specially designed for efficient and safe operations along shallow and narrow waters throughout all U.S. coastlines. The vessel is approximately 346 feet in length, 69 feet in breadth, 23 feet in depth with 16,500 total horsepower installed.

Houston-headquartered defense company Eureka Naval Craft is ramping up production of its AIRCAT BENGAL MC warship in Asia after signing an MOU with Singapore shipbuilder Strategic Marine (S) Pte Ltd.Eureka Naval Craft CEO Bo Jardine said the aim of the partnership is to bring a highly advanced Modular Attack Surface Craft (MASC) to the US Navy and allied navies quickly at a time of increased threat. The versatile catamaran vessel design can further be retooled for the commercial…

The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.Davie said in June it was acquiring Texas shipyards in Galveston and Port Arthur, and on Wednesday Alex Vicefield, CEO of Davie's holding company British Inocea Group, said for the first time that the shipbuilder is bidding for the contract from the U.S. administration."It's under discussion how they (the U.S.) would want to do it, but certainly, the key to it is you have to develop U.S.

The merger between China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), underway since 2019, has been completed following a share-swap deal.The result is the world’s largest shipbuilding group with an orderbook of more than 530 vessels, about 17% of the global market and including commercial, defense and offshore engineering.Local media reports indicate the group will be positioned to take a stronger lead in high-value and green shipbuilding…

MOL Cruises has named its new cruise ship, scheduled to enter service in late 2026, the Mitsui Ocean Sakura.The vessel will enter service as a Japanese-flagged ship in late 2026, offering a wide range of itineraries centered on short- to medium-term cruises departing from and arriving at various ports in Japan.With a gross tonnage of approximately 32,000 tons and a length of less than 200 meters, the new cruise ship can call at ports in various regions, from remote islands in…

Mitsui O.S.K. Lines, Ltd. (MOL) has reached an agreement with ITOCHU Corporation to conduct ammonia bunkering demonstrations in Singapore.MOL and ITOCHU will demonstrate ship-to-ship ammonia bunkering using their owned ammonia bunkering vessel and ammonia dual-fuel Capesize bulkers.Through the demonstrations, which are planned to be carried out in the second half of 2027, MOL and ITOCHU aim to promote the early implementation of ammonia bunkering vessels and ammonia-fueled vessels.MOL will jointly own three ammonia dual-fuel Capesize bulkers with Belgium-based CMB.TECH NV…

Brazil's Transpetro, the logistics subsidiary of state-run oil firm Petrobras, is set to relaunch a tender for building barges after low interest in a May bidding process, Transpetro Chief Executive Sergio Bacci said on Tuesday.In May the firm put up the tender for the four barges intended for fuel transportation operations, four push boats and one tug boat, but only one shipbuilder put up bids, at a price point considered too high by Transpetro, said Bacci.Now the idea is to relaunch the tender including a total of 20 barges…

The 174,000 cubic meter capacity LNG carrier Al Zuwair has been delivered from the HHI Ulsan Shipyard of HD Hyundai Heavy Industries and will be deployed under a time-charter contract with QatarEnergy. The vessel will be managed by the NYK Group.Al Zuwair is the third of 12 new LNG carriers being built for QatarEnergy by a joint venture comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings) Limited.This delivery marks the first of these vessels built at HHI.

Incat Crowther has been commissioned by Cruise Whitsundays, part of Australian tourism group Journey Beyond, to design a 36-meter passenger vessel that will be built by Austal Vietnam.The vessel will be deployed year-round as a resort connection service between Airlie Beach, the resorts of Daydream Island and Hamilton Island and Cruise Whitsundays’ Reef World pontoons – located 39 nautical miles from shore at Hardy Reef.Designed specifically for local conditions, optimized for its routes and tailored to infrastructure…

A keel-laying ceremony has been held for Surveyor, a new charting and mapping vessel being constructed for NOAA by Thoma-Sea Marine Constructors, LLC., in Houma, Louisiana.In 2023, NOAA announced two new charting and mapping vessels would be added to its fleet. Surveyor is expected to be completed in 2027 and Navigator in 2028. The ships will be used primarily for ocean mapping and nautical charting as part of NOAA’s mission to deliver tools and information to help mariners safely…

Samsung Heavy Industries has secured orders for six LNG carriers from two shipowners from Oceania.The vessels, two for one owner, four for the other, are expected to be delivered starting November 2028.Business Korea reports that Samsung Heavy Industries has secured orders for seven LNG carriers, nine shuttle tankers, two ethane carriers, four crude oil tankers, two container ships, and one offshore production facility (pre-work) this year.Samsung Heavy Industries is expected to secure part of the Mozambique FLNG project and conclude the main contract within the third quarter.

In early August 2025, Aesen took delivery of two new Generation 4 Fast Crew Boats (FCBs) — Aesen 107 and Aesen 108 — at a christening ceremony held at Strategic Marine yard. The addition of Aesen 107 and Aesen 108 brings Aesenʼs total new crew vessel acquisitions to 12 over the past two years with at least three more under construction, as part of its ongoing fleet renewal.Built by Strategic Marine in collaboration with Southerly Designs, the 42-metre Generation 4 FCBs are engineered for demanding offshore operations.

As top EU leaders also plan to meet with US president Trump on Monday and seek a path to end the Ukraine war, oil fell nearly 2% last week, reports cash buyer GMS.It closing it out at $62.80/barrel even though the easing of sanctions could see oil trade ease in the coming weeks and traders remained bearish about the future.As oil becomes cheaper and tariffs / sanctions start to hit globally, the Baltic Exchange’s Dry Index saw another week of growth as it rose 0.25%, marking a…

ABS and US defense engineering company Saronic Technologies have signed a memorandum of understanding (MOU) to explore autonomous technologies for maritime applications.The agreement establishes a cooperative framework for both organizations to collaborate on projects related to improving technical requirements for autonomous surface vessels (ASV) and classification services for Saronic's autonomous capabilities.In July, Saronic entered a partnership with Vigor Marine Group focused…

The Arab Shipbuilding and Repair Yard Company (ASRY) conducted its 2025 Health, Safety and Environment (HSE) Week August 11 to 13 under the theme “Elevating HSE Culture with Safe Summer.”.The three-day program drew wide participation from ASRY and subcontractors’ employees alongside representatives of relevant government bodies and industrial firms in Bahrain.The week opened with a formal ceremony attended by senior company officials and representatives of the Ministry of Labour, the Ministry of Interior, Bahrain Civil Defence, and the companies SULB and Foulath Holding.

Eastern Shipbuilding Group received the Notice to Proceed from Washington State Ferries (WSF) to build two with an option for an additional 160-vehicle hybrid-electric ferries for the State of Washington. This milestone follows the first competitive bid for ferry construction in more than 25 years for the nation’s largest ferry system.“This is an exciting milestone in bringing new hybrid-electric ferries to our fleet,” said David Sowers, Washington State Ferries’ Electrification Program Administrator.

For Peter Duclos, shipbuilding has always been personal.As President and Director of Business Development at Gladding-Hearn Shipbuilding, Duclos Corporation, Duclos represents the third generation of his family to lead the Somerset, Massachusetts, shipyard. “I’ve been involved with our family’s 70-year-old company my whole life,” he said. “From dinner table conversations to summer jobs, and now as President.”Armed with a mechanical engineering degree from the University of Massachusetts and a U.S.

China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.Niels Rasmussen, Chief Shipping Analyst at BIMCO, says that during the past five years Chinese shipyards have built 50% of the ship capacity delivered, and Chinese shipyards now hold 66% of the ship capacity in the orderbook.

Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers) as well as Japanese export credit agencies Japan Bank for International Cooperation…

Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30, 2024.During the first six months of 2025…

This week, Van Oord’s trailing suction hopper dredger Vox Ariane completed its first bunkering of bio-LNG.The move follows the July news that NYK has started the continuous use of bio-LNG fuel on its LNG-powered car carriers.There’s been more firsts this year. In February 2025, Furetank conducted its first bio-LNG bunkering. In March, Titan and Mitsui OSK Lines (MOL) completed the first bio-LNG bunkering operation of a multi-year contract. In April, the Avenir Ascension began operating on 100% bio-LNG…

Without a way for industry to work together, the US, Canada, and Finland will not achieve the aims of the ICE pact, writes Denis Morais, CEO SSI.The United States and Canada have made no secret of their desire to add to their ice-breaking capacity, with ambitious plans to build the new tonnage in their home countries.The US has indicated it could need as many as 40 new icebreaking vessels, in addition to ice-class tonnage that could be required to support operations in the high north.

A fire broke out onboard a Maersk container vessel off the coast of Liberia on Wednesday and the crew was still battling to put out the flames a day later, the Danish shipping group said on Thursday."The crew of the Marie Maersk detected smoke coming from containers onboard the vessel en route from Rotterdam, The Netherlands to Tanjung Pelepas, Malaysia," Maersk said.The crew was safe while it attempted to keep the situation under control. Two tugboats with firefighting equipment reached the ship late on Wednesday, Maersk said.(Reuters)

Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore, where integration works will begin in the first quarter of 2027.

Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s under-conversion MKII FLNG, securing 40 years of combined charter commitments.For the quarter ended June 30, 2025, Golar reported net income attributable to the company of $16 million, Adjusted EBITDA of $49 million, and total cash of $891 million.

The new fisheries surveillance vessel (FAB) built and delivered by the TAMSEN MARITIM shipyard in Rostock-Gehlsdorf for the State Office for Agriculture, Food Safety and Fisheries of Mecklenburg-Western Pomerania (LALLF) was christened “Goldbutt” on August 7, 2025, in Sassnitz's city harbor. For TAMSEN MARITIM, this is the first new build commissioned by the state of Mecklenburg-Western Pomerania. The 17.3-meter-long and 4.9-meter-wide patrol boat, developed in-house by theshipyard, will be used for fisheries surveillance in the coastal waters of Mecklenburg-Western Pomerania.

Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time, but today stands ready as a multi-faceted ‘blue collar industrial complex’ to help in the effort to effectively rebuild the U.S. shipbuilding base, and more specifically to help rebuild the U.S. Navy and U.S. government-owned fleet of ships.

The First Steel Cutting ceremony took place at Saipem’s Karimun fabrication yard, marking the official start of construction activities for the Tangguh UCC project, awarded by bp Indonesia.The event was attended by representatives of the client, local and national government bodies, together with key members of Saipem’s management team gathered to celebrate this significant milestone achievement.The Tangguh UCC project, located in Papua Barat province, Indonesia, is a national strategic project that includes the development of the Ubadari gas field…

The Arab Shipbuilding and Repair Yard Company (ASRY) launched a pair of bunker vessels for Bapco Refining, a subsidiary of Bapco Energies, at a ceremony held on Monday, attended by ASRY Chief Executive Officer Dr Ahmed Al Abri, Bapco Refining Deputy Chief Executive Officer Ms. Afaf Zainalabedin, and senior representatives from both companies.The event featured the formal launch, with both vessels lowered into the water for the first time, marking completion of a main stage of the project and showing ASRY’s ability to deliver major marine projects to the highest engineering…

Tsuneishi Shipbuilding has welcomed 11 technical intern trainees from the Democratic Republic of Timor-Leste.This initiative follows the agreement signed in January 2024 at the request of the Government of Timor-Leste, aimed at fostering international cooperation and promoting the global development of the shipbuilding industry.This second group comprises nine welding (semiautomatic welding) trainees, and two scaffolding trainees, all of whom were selected through a local screening process in Timor-Leste.The Tsunezo Cooperative Association…

Once again U.S. shipbuilding, or rather the lack thereof, has raised its head. There are those who say that U.S. shipbuilding is a train that has left the station (yes, a purposefully odd but correct metaphor), while others are hoping for a new dawn of U.S. shipbuilding dominance.I know it can be done, but only if there is steel-eyed realism and an iron will to do it.I also know that magazine editors hate lists, but I am going to irritate Greg by doing just that: creating a list of realities surrounding the proposed resurgence of U.S.

Chartwell Marine, a pioneer of next-generation vessel design, announced the delivery of Prosperous 6, a new high-performance crew transfer vessel, as part of a strategic partnership with Pacific Radiance, a leading owner and operator of offshore vessels in APAC.The vessel has already successfully completed sea trials, achieving over 25 knots at 85% engine load, which demonstrates that it is highly fuel-efficient. During a bollard push test, the vessel delivered over 17 tons of bollard push…

ABB has integrated a 3.2MW fuel cell system onboard Feadship Breakthrough.The vessel was constructed by Dutch high-end yacht builder Feadship. Launched in May 2025, the privately-owned 118.8-meter yacht is among the first vessels in the world to feature multi-megawatt fuel cell technology.ABB’s scope of supply comprised the Onboard DC Grid™ power system platform and two 3.2MW Azipod® electric propulsion units, which minimize noise and vibrations on board. ABB’s Power and Energy Management System PEMS™ optimizes energy use on board…

NYK has obtained Approval in Principle (AiP) from ClassNK for the conceptual design of an offshore recovery system for reusable rockets it developed in partnership with Mitsubishi Heavy Industries.Rockets are launched by generating thrust through the combustion of fuel and oxidizer. Following launch, the lower stage (first stage) of the rocket separates from the upper stage and falls back to Earth. Most first stages are expected to be designed with advanced functions to accurately…

Wasaline says it has become the first carbon-neutral shipping company in the Baltic Sea, reaching its original 2030 climate target six years ahead of schedule. The milestone comes as the Finnish-Swedish operator signed a biogas supply contract with Gasum and entered a FuelEU Maritime pooling agreement with Stena Line, enabling its Vaasa–Umeå service to run entirely on biofuels.The agreement makes the route the first international green shipping corridor in operation, an achievement supported by the DNV-led Nordic Roadmap.

The U.S. Coast Guard commissioned its newest cutter, Coast Guard Cutter Earl Cunningham (WPC 1159), for official entry into its service fleet during a ceremony held in Kodiak, Monday.The Earl Cunningham is the 59th Fast Response Cutter (FRC) in the service and the second of three FRCs scheduled to be homeported at Coast Guard Base Kodiak.The crew of the Cunningham primarily serves in and around the Aleutian Islands, Bering Sea, Gulf of Alaska, and North Pacific Ocean. The cutter is designed for missions such as search and rescue…

Robert Allan Ltd. has been awarded a contract to design an AmpRA 3600 tug for Tianjin Port in Northern China.The AmpRA 3600 series tug will be constructed at Jiangsu Zhenjiang Shipyard (Group) Co. Ltd.The order builds on a successful conventional propulsion design for the same owner and shipyard, with two vessels of similar hull form in service.The AmpRA 3600 will have all powering from batteries, with no generator sets onboard, making it a fully battery electric and diesel free ship handling tug.It will be the first Robert Allan Ltd.

The Trustees of the Robert Allan Memorial Scholarship Trust and Robert Allan Ltd. have awarded five scholarships for the 2025/2026 academic year chosen from a highly competitive pool of well-qualified candidates:Alex Badzio-GeorgeCurrently in his third year studying Mechanical Engineering at the University of Victoria.Jade CooperIn her final year of the Ocean and Naval Architectural Engineering Program at Memorial University of Newfoundland.Em Eileen GillisEnrolled in the Ocean…

Coastal Veterans Repair Group LLC, a veteran-owned ship repair and marine services firm headquartered in North Carolina, has announced the acquisition of Voyager Maritime Alliance Group, a provider of marine electronics, systems integration, and vessel support services based in Fort Lauderdale, Florida.This strategic acquisition represents a milestone in Coastal Veterans Repair Group’s ongoing expansion into high-end yacht systems, navigation, and marine technology sectors. By…

A week of confusing fundamentals saw nearly all markets reacting as bizarrely as on “Liberation Day” tariffs from back in April, says cash buyer GMS.The tariffs, finally being levied on key destinations (including India) this week, saw turmoil across the board as the week ended. At the onset, oil futures declined 5% and closed the week out at $63.90/barrel. The tariffs announced on Friday included Russia (rather surprisingly) and China, says GMS.“While the oil futures drop to the tune of 5% was certainly noteworthy…

Listen to the full Maritime Matters: The Marinelink Podcast featuring Randall Crutchfield, Chairman & CEO, Colonna’s Shipyard, the fifth-generation, family leader of this medium-sized shipbuilder. Founded in 1875 with a $2,000 loan from his brother, 26-year-old ship carpenter Charles J. Colonna, created a company that has not only withstood the test of time, but today stands ready as a multi-faceted ‘blue collar industrial complex’ to help in the effort to effectively rebuild the U.S. shipbuilding base, and more specifically to help rebuild the U.S. Navy and U.S.

Asia-Pacific region offshore wind developer Synera Renewable Energy (SRE) has awarded a 15-year service contract to Dong Fang Offshore (DFO) for the provision of a service operations vessel (SOV) to support the operations and maintenance (O&M) of SRE’s offshore wind assets.Under the contract, DFO will provide a newly built, Taiwan-flagged SOV to support Formosa 4 offshore wind project from the construction phase onward.Custom-designed for Taiwan’s offshore conditions, the vessel…

Italian shipping firm Grimaldi Group has welcomed the second ammonia-ready pure car and truck carrier (PCTC), Grande Tianjin, from Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation Limited (CSSC).The delivery of a 9,000-car capacity PTCT built for Grimaldi Group also marks SWS's 600th vessel or offshore platform since its inaugural delivery, the 150,000-ton Floating Production Storage and Offloading (FPSO) unit Hai Yang Shi You 111, in 2003.The Grande Tianjin is compatible with electric vehicles…

Sallaum Lines announced the successful early delivery of the MV Ocean Breeze, a next-generation LNG dual-fuel Pure Car and Truck Carrier (PCTC) built by Fujian Mawei Shipbuilding in China. The vessel was delivered on July 18, four months ahead of schedule.This delivery marks a significant deepening of the partnership between Europe’s leading automotive RORO carrier and China’s advanced maritime manufacturing sector. It also highlights the key role of Chinese financial institutions in supporting sustainable shipping…

On August 5, a naming ceremony took place at the Sakaide Works of Kawasaki Heavy Industries Ltd. for a newly built very large gas carrier (VLGC). This vessel marks the sixth dual-fuel LPG (liquefied petroleum gas) carrier ordered by NYK, following the delivery of Liberty Pathfinder in October of the previous year. Upon its completion, the ship will be chartered by Astomos Energy Corporation, one of the world's leading LPG companies, for the domestic and global transportation of LPG.The ceremony was attended by about 50 people…

Andreas Enger, CEO of Höegh Autoliners, is sending ammonia demand signals to new fuel producers but doing it in a way that will enable the company to scale use of the fuel gradually.Enger explained how to Øyvind Sekkesæter in a DNV Maritime Impact podcast released late last week.Höegh Autoliners has a fleet of 37 vessels and more vessels under construction including a series of 12 Aurora class multi-fuel vessels anticipated to run on LNG and ammonia. The vessels have an ammonia-capable LNG fuel tank…

Norwegian shipbuilder Vard has secured an order from U.K.’s largest shipowner and operator North Star for the construction of two hybrid Service Operation Vessels (SOVs).The contract represents the ninth and tenth vessel ordered by North Star from VARD, following previous orders for four SOVs, two Construction Service Operation Vessels (CSOVs), and two Vard Design vessels built at an external shipyard.The new vessels will be developed by Vard Design in Ålesund, Norway, based on the VARD 4 19 platform…

The Australian Government is accelerating the delivery of a larger and more lethal surface combatant fleet with the selection of the upgraded Japanese Mogami-class frigate as the preferred platform for the Royal Australian Navy’s future fleet of general purpose frigates.Mitsubishi Heavy Industries’ Mogami-class frigate was assessed as best able to quickly meet the capability requirements and strategic needs of the Australian Defence Force (ADF).The upgraded Mogami-class frigate boasts a range of up to 10…

The orders for the new alternative-fueled vessels have continued to grow in July 2025, in line with the steady pace of activity seen in the first half of the year, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform.A total of 28 new orders for alternative-fueled vessels were placed in July 2025, AFI’s latest report has revealed.LNG remains the dominant fuel choice, accounting for 22 of the 28 orders. The majority of these orders were concentrated in the container segment with 19 on record…

General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), said that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023.Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134) and Richard G. Lugar (DDG 136).

The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that, we need to look elsewhere and to future programs.Setting the SceneMany column inches have been dedicated to the decline U.S. shipbuilding, whether signaled by the relatively small presence of a U.S.

The “Viking Mira," a new cruise ship under construction for Viking, was launched at the Ancona shipyard. The ship is scheduled to debut in spring 2026, offering itineraries in the Mediterranean and Northern Europe.The ceremony, which marks the ship’s transition to the final outfitting phase, was attended by Gilberto Tobaldi, Director of the Ancona Shipyard, and Gastone Lazzari, New Building Site Team Manager for Viking.With a gross tonnage of approximately 54,300 tons, “Viking Mira” will feature 499 staterooms and accommodate up to 998 passengers on board.

South Korea's shipbuilding industry played "the most important role" in securing an agreement with the U.S. on tariffs, an analyst said on Thursday (July 31).President Donald Trump said on Wednesday (July 30) the U.S. will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.“The shipbuilding sector is exactly the area where South Korea and the U.S. can cooperate the most…

French subsea power cable maker and services provider Nexans has formed partnership with Crowley Wind Services to develop and operate a Jones Act compliant cable lay barge. The cable lay barge will be dedicated to supporting the installation of subsea transmission lines necessary for offshore wind energy, telecommunications and other major industrial applications.The 300-foot, U.S.-flagged vessel, built in Louisiana and tested in the U.S. Gulf to Nexans specifications, will be…

“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The rise in tariffs and the start of trade negotiations by the US have introduced additional uncertainty and are directly impacting 4% of global dry bulk tonne mile demand. In China, this is expected to slow economic growth starting in the second half of 2025…

Fincanteri has delivered the multi-purpose frigate Emilio Bianchi to the Italian Navy, the tenth FREMM-class vessel to be completed under the European Multi-Mission Frigate program.The frigate was commissioned from Orizzonte Sistemi Navali under the Italian-French international cooperation agreement, the contract for which was stipulated with OCCAR (Organisation Conjointe de Coopération en matière d'Armement).The delivery of the Emilio Bianchi completes the construction of the Enhanced Anti-Submarine Warfare (ASW) naval vessels of the FREMM Program…

Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean, in South Korea and are scheduled for delivery during the first half of 2026.The facility is co-arranged by ING Bank and Nordea Bank Abp, with ING Bank as Coordinator, Facility Agent, Security Agent and ECA Agent. The facility bears interest at a rate equal to SOFR plus a weighted average margin of 1.32%.

St. Johns Ship Building, a Florida-based Jones Act facility owned by Americraft Marine, has announced the successful delivery of the Atlantic Endurance, the second of two Chartwell Ambitious-Class Crew Transfer Vessels (CTVs) ordered by Atlantic Wind Transfers. The delivery follows the recent handover of the Atlantic Resolute and brings the total number of CTVs delivered by St. Johns Ship Building within an eighteen-month period to five. With both Incat and Chartwell-designed vessels now successfully constructed and delivered…

Fincantieri reported a sharp rise in first-half 2025 results, with growth across all segments and a record order backlog that solidifies its position as one of the world’s leading shipbuilders.Revenues reached €4.58 billion, up 24% from the same period in 2024, while EBITDA surged 45% to €311 million, lifting the margin to 6.8%. The company swung to a net profit of €35 million, compared to a loss of €27 million in the first half of 2024.New orders totaled €14.7 billion, nearly doubling last year’s intake…

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for the newbuilding very large crude carrier (VLCC) Energia Viking for Equinor, at the Dalian COSCO KHI Ship Engineering shipyard in China.The Energia Viking is the first LNG dual-fuel VLCC delivered by the MOL Group and sailing under a charter contract with Equinor.The vessel is equipped with an LNG fuel tank with a capacity exceeding 10,000m3, enabling long-distance transportation and allowing for flexible transport plans.In addition…

Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said on Wednesday, as top business leaders were also reported to be flying in to help lobby for a deal on U.S. tariffs.South Korean Finance Minister Koo Yun-cheol joined Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo, who have been in Washington since last week, for two hours of talks with Lutnick, a ministry spokesperson said in Seoul.The finance ministry spokesperson did not offer details of the discussions. U.S.

In a major move to accelerate the U.S. Coast Guard’s icebreaking fleet expansion, Bollinger Shipyards, Rauma Shipyards, Seaspan Shipyards, and Aker Arctic announced a partnership to deliver next-generation Arctic Security Cutters (ASCs) under the Coast Guard’s multibillion-dollar icebreaker program.The collaboration combines U.S., Canadian, and Finnish shipbuilding expertise to meet the Coast Guard’s urgent Arctic mission requirements. Backed by nearly $9 billion in funding secured under President Trump’s “Big Beautiful Bill”…

Construction on a new 24-m catamaran is complete with Elysian set to enter service for its private owners. The project has seen Incat Crowther collaborate with the owner throughout all aspects of the project including design, the shipyard tendering process, and by providing technical support during construction. The new vessel was constructed by Mason Marine Industries in Bundaberg, Queensland, Australia.The motor yacht, capable of travelling at speeds of up to 29 knots, meets the operator’s exacting requirements and features a range of tailored innovations.

Analysts question feasibility as framework trade deal outpaces current U.S. export capacityThe European Union’s commitment to purchase $250 billion in U.S. energy supplies annually under a new trade framework with Washington faces significant market challenges, according to analysts and industry observers.The agreement, announced Sunday, includes 15% U.S. tariffs on most EU goods and a pledge by the EU to dramatically scale up imports of U.S. oil, liquefied natural gas (LNG),…

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.Speaking at the airport before departing for Washington, Koo said he would propose at Thursday's meeting a "program" South Korea had prepared and consult on areas where they could cooperate in the mid-to-long term, such as shipbuilding.South Korea's Hanwha Group…

South Korea has proposed a multi-billion dollar shipbuilding project to the U.S. during trade talks, the Yonhap News Agency reported on Monday, citing unnamed sources.The suggested project consists of a package that encompasses large-scale investments in the U.S. by private South Korean shipbuilders and financial support such as loans and guarantees to support them, Yonhap reported.The project has been labelled "Make American Shipbuilding Great Again," or MASGA, Yonhap reported.(Reuters)

French offshore vessel services firm Bourbon has signed a five-year charter agreement with Eni Congo for six next-generation crewboats to support operations on Eni’s offshore fields in the Central Africa country.The agreement includes the deployment of six newly built S200X-G2 crewboats, scheduled for delivery between June and December 2026.Pending delivery, six existing vessels will be temporarily mobilized to ensure operational continuity.The 20-meter vessels are designed to meet Eni’s operational and environmental requirements…

Nakilat has launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional Korean-built LNG vessels that will be fully owned and operated by Nakilat.The partnership represents a pivotal step in Nakilat’s long-term strategy to expand its LNG carrier fleet and to support QatarEnergy’s LNG expansion project. The agreement underscores the strong economic ties between Qatar and the Korea, while enabling Nakilat to secure financing for the construction of new vessels at leading Korean shipyards.KEXIM’s participation…