BOEM Proposes Second Gulf of America Lease Sale
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the second offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Big Beautiful Gulf, or BBG2, is scheduled to take place on March 11, 2026.This sale is the second of thirty Gulf of America oil and gas lease sales required by the One Big Beautiful Bill Act. By committing to a predictable sale schedule…
FLIR Wins DAME Design Award for Ocean Scout Pro Handheld Thermal Imaging Camera
FLIR, global leader in marine thermal-imaging systems, has announced that the Ocean Scout Pro handheld thermal imaging camera has been awarded top honors in the “Personal Equipment” category at the 2025 DAME Design Awards.The DAME Design Awards, held annually at Metstrade in Amsterdam, celebrate excellence in marine equipment design, innovation, and functionality. Winning in the category highlights…
Liebherr BOS Cranes Celebrates 50 Years
Liebherr marks half a century of BOS crane excellence. Since 1975, BOS cranes have been trusted by operators worldwide, known for their robust design and marine adaptability. The latest generation continues this legacy, now featuring an electric variant to meet evolving offshore demands.In 1975, Liebherr delivered its first BOS crane, the B10 / 17 EX, for installation on the Floating Production, Storage and Offloading Unit Princess Aweni.
Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis
Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has been in use since 2008. Users can see the constituent parts of the standard calculation, including income lines, expenses, port and canal charges, helping ensure transparency and accurate benchmarking.
COWI Supports Landsvirkjun in Delivering Iceland’s First Large-Scale Wind Farm
COWI’s supervision and advisory role in the Vaðölduver project marks the first integration of wind energy into Iceland’s electricity generation portfolio. The 120 MWwind farm, led by Landsvirkjun, is the country’s first commercial-scale wind development. The project represents a significant step forward for Iceland’s renewable energy sector, introducing wind power as a new and complementary source alongside the nation’s well-established hydropower and geothermal systems.The Vaðölduver wind farm…
Havila Shipping Banks Q3 Profit as Fleet Use Climbs
Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report, freight revenues reached NOK 149.3 million in Q3 2025, up NOK 8.5 million from the same period last year but down sequentially from Q2. Utilization remained robust at 95.3%…
Wärtsilä Water & Waste Achieves 98.2% Compliance in Alaskan Cruise Wastewater Testing
Wärtsilä Water & Waste, part of Wärtsilä, continues to deliver wastewater treatment performance in one of the world’s most closely monitored marine environments through their Hamworthy membrane bioreactor (MBR) systems, according to independent regulatory data from the Alaska Department of Environmental Conservation (DEC).During the 2024 Alaska cruise season, fourteen vessels equipped with Wartsila's Hamworthy MBR systems achieved a 98.2% compliance rate under DEC’s public testing program.
Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential
Secretary of State for Wales, Jo Stevens MP, this week hosted the marine energy sector to discuss how industry and government can work together to realize Wales’ 6GW of tidal stream and wave energy potential. The discussion covered industry progress, the role of the Marine Energy Taskforce, and the upcoming renewable auction.Wales’ 870 miles of coastline has significant renewable potential. The Marine Energy Council (MEC)…
Okeanis Eco Tankers Share Sale to Fuel Vessel Buys
Okeanis Eco Tankers Corp. said that following strong demand it has successfully priced an offering of 3,239,436 new shares of the Company’s common stock, par value USD 0.001 per share, at a price of $35.50 per Offer Share, raising gross proceeds of $114,999,978.The net proceeds from the Offering are expected to be used as partial consideration for the acquisition of two newbuilding Suezmax vessels…
Castrol Launches BioTrans GB
Castrol, a global leader in lubricants, has launched Castrol BioTrans GB, a new lubricant for use in thrusters, some controllable pitch propeller (CPP) systems and deck machinery.Castrol BioTrans GB is an Environmentally Acceptable Lubricant (EAL) that complies with the current US Vessel Incidental Discharge Act (VIDA) criteria.Castrol BioTrans GB is an extreme pressure (EP) and demulsifying gear oil…
Star Bulk Posts Softer Q3 Expands Fleet with New Kamsarmaxes
Star Bulk Carriers reported a weaker third quarter amid softening dry bulk markets, lower charter rates and a smaller operating fleet, while continuing to reshape its fleet through vessel sales, refinancing and newbuilding acquisitions.The company posted net income of $18.5 million for Q3 2025, down sharply from $81.3 million in the same period last year. Voyage revenues also fell to $263.9 million…
As China, Japan Tensions Rise, Japanese Fish are Caught in the Middle
China has indicated it will ban all imports of Japanese seafood, two government officials in Tokyo said on Wednesday, in what appears to be the latest salvo in an escalating diplomatic dispute between Asia's top two economies.Tensions between the two countries ignited after new Japanese Prime Minister Sanae Takaichi said this month that a Chinese attack on Taiwan threatening Japan's survival could…
Rescue Ops Underway for 267 on Grounded Ferry
A South Korean passenger ferry carrying 267 passengers and crew got stranded on Wednesday after running aground off the southwestern tip of the Korean peninsula and a rescue operation was underway to bring them to land, the coast guard said.South Korean President Lee Jae Myung, who is currently travelling in the Middle East, ordered a swift rescue of all on board to prevent casualties and details of the operation to be made public as they occur…
Marine News Great Boats 2025: MV San Jacinto
Breaux’s Bay Craft delivered its latest aluminum pilot vessel for the Houston Pilots. The first of two, M/V San Jacinto, is the newest addition to the fleet of high-performance pilot boats,designed for precision, built for strength, and finished with a striking red, white, and blue color scheme that reflects the Gulf Coast heritage of the Houston Pilots.Measuring 80 x 21 feet wide, the San Jacinto is built with a new-generation inverted deep-V bottom hull…
lue Water Shipping Taps Foley as COO
Ryan Foley appointed COO Energy, Ports & Projects at Blue Water ShippingBlue Water Shipping appointed its first Board of Management member from outside Denmark: Ryan Foley from the UK. Foley will join Blue Water as Chief Operating Officer (COO) of Energy, Ports & Projects in January 2026.Earlier this year, Foley was introduced as the incoming Senior Vice President of Projects. With this updated appointment, he now steps into the COO role and joins the Board of Management.
Tidalis Names New CEO
Tidalis, a global provider of maritime software solutions for port authorities, coast guards, ports, and inland waterways, appointed Geert-Jan den Besten as Chief Executive Officer. Ivo-Paul Tummers will transition from his role as CEO to become an Advisor to the Board, focusing on business growth and strategic partnerships.
Dutch Shipyard Taps the Power of Robotic Welding
Next Generation Shipyards (NGS) in Lauwersoog has taken a major step toward modernizing its production line with the installation of a new state-of-the-art robotic welding system, technology that the yard says will boost efficiency, improve weld quality, and strengthen its competitive position in the specialized workboat market.The nature of shipbuilding has historically limited the usefulness of welding robots, which are typically designed for repetitive, standardized production environments.
Fincantieri Launches €40M Shipyard Expansion Plan
Fincantieri has finalized a multi-decade concession agreement that will reshape its operations at the Port of Ancona, enabling a major expansion and modernization of one of Italy’s most strategically important shipyards.The agreement—signed by Central Adriatic Sea Port Authority President Vincenzo Garofalo and Fincantieri CEO Pierroberto Folgiero—grants the shipbuilding group access to more than 314…
Hybrid Lubricants Bunkering Vessel Debuts in Fujaira
TotalEnergies Marketing Middle East, a fully owned subsidiary of TotalEnergies based in Dubai, has time chartered a first-of-its-type 750 cubic meter hybrid lubricants bunkering barge from Tristar Group to supplement its Lubmarine division’s ship-to-ship operations in the port of Fujairah, UAE as of October 1st. The Tristar Eco Voyager, featuring a hybrid engine design that combines electric and biofuel power…
Tanker Vessel Order Book Hits 9-Year High
“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has grown older on average since 2018,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Since 2023, 325 crude tankers with a deadweight capacity of…
