Drydocks World, Cochin Shipyard Limited Enter Agreement to Develop Ship Repair Cluster in Kerala
Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) have signed an Agreement of Heads of Terms to evaluate and develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Cochin, Kerala.The MoU was exchanged in the august presence of the Union Minister of Ports, Shipping and Waterways (MoPSW), Shri Sarbananda Sonowal and H.E. Sultan Ahmed bin Sulayem…
Lockheed Martin Invests $50M in Saildrone to Advance USV Capabilities for US Navy
Saildrone Founder and CEO Richard Jenkins shares news on Lockheed Martin's recent investment in Saildrone:Today, I am delighted to announce a $50 million investment from Lockheed Martin in Saildrone, Inc. This commercial relationship marries the world’s most sophisticated and trusted defense technology with the world’s most capable and operationally proven USV technology. Together, we will rapidly equip Saildrone USVs with all-domain defense technology for lethal military applications.
OCIMF Launches Focused Inspection Campaign to Strengthen Onboard Security Defenses
Oil Companies International Marine Forum (OCIMF) has launched a Focused Inspection Campaign (FIC) under its SIRE 2.0 tanker inspection program aimed at reinforcing maritime security readiness across the global tanker fleet.The initiative comes in response to increasing geopolitical tensions, regional conflicts, and evolving security regulations that directly impact crew welfare, safety, and operational continuity.
Iridium Unveils Global GPS Device Protection on a Chip
Iridium Communications Inc., a provider of global voice, data, and PNT satellite communications, unveiled a miniature application-specific integrated circuit (ASIC), the Iridium PNT ASIC. Engineered for integration into a wide range of electronic devices, the Iridium PNT ASIC will deliver authenticated, pole-to-pole positioning, navigation, and timing (PNT) data. It will provide a resilient alternative to traditional GNSS…
Torvald Klaveness Welcomes Fabian Flaaten as Chief Financial Officer
Torvald Klaveness has announced that Fabian Flaaten has joined as the new Chief Financial Officer (CFO), effective October 28, 2025. Flaaten will report to Chief Executive Officer (CEO) Ernst Meyer and be part of the Group’s Executive Committee and Holding Management Team. As CFO, Flaaten will play a role in enabling value creation, financial discipline, and long-term strategic direction for the Klaveness Group. He brings more than 20 years of international finance and leadership experience.
MARPOWER Project Reports First-Year Progress Towards Clean Energy for Shipping
The European Union (EU)-funded MARPOWER project (Efficient zero-emissions gas turbine POWER system for MARitime transport) is addressing the decarbonization of maritime transport. Shipping is responsible for almost 3% of global greenhouse gas emissions, a figure expected to rise in the coming years, making it essential to deploy cleaner, scalable, and economically viable solutions that meet tightening international climate regulations.To respond to this need…
Mermaid Subsea Wraps Up North Sea Subsea Recovery Project
Mermaid Subsea Services (UK) has completed a fast-track subsea recovery campaign in the North Sea for a major operator.The operation involved the internal and external severance of casing, conductor, guide pipe and cement lines, as well as local seabed excavation and recovery of the CAN-Basic structure.Mermaid also handled waste management of recovered items and backfill operations to prepare for an over-trawl survey.
ABS Okays SHI’s Novel Fire and Gas Detection Systems Design
American Bureau of Shipping (ABS) has awarded an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its novel design of a wireless fire and gas detection system that advances safety in maritime operations.Conventional detection systems use power cables to transmit signals to a control panel. The new design from SHI uses a vessel’s metal structure as the low-voltage power transmission medium.Similarly…
Hull Delivery Brings Near-Zero-Emission Vessel Captain Arctic Closer to Launch (Video)
The construction of Captain Arctic, a 69-meter near-zero-emission exploration vessel designed for sustainable cruising in polar waters, has reached a major milestone as its hull was completed by Goltens Dubai, marking the start of final outfitting and integration work.The vessel, owned by French company SELAR and built in collaboration with Chantier Naval de l’Océan Indien (CNOI) and Goltens Dubai…
Toqua, Weathernews Join Forces for AI-Driven Vessel Voyage Optimization
Weathernews, a Japan-headquartered weather intelligence firm, and Belgium’s Toqua, a developer of physics-informed AI for ship performance modeling, have entered a strategic partnership to integrate vessel-specific performance models into Weathernews’ voyage optimization systems.The collaboration aims to improve fuel efficiency and operational predictability by combining Toqua’s AI-trained vessel performance models with Weathernews’ weather routing and optimization algorithms…
U-Ming, Purus Set Up JV to Expand Asia-Pacific Offshore Wind Ops
U-Ming Marine Offshore (UMO) and Purus have teamed up to form UPO Holdings (UPO), a joint venture aimed at expanding offshore wind operations in Taiwan and the region.UPO is commissioning two state-of-the-art VARD 419 Commissioning Service Operation Vessels (CSOVs), each 88 meters long and designed explicitly for Taiwan’s operating conditions.The vessels will be equipped with Seaonics All-Electric Walk-to-Work (W2W) 3D gangways…
QatarEnergy Inks 17-Year LNG Supply Deal with India’s GSPC
QatarEnergy has signed a 17-year sales and purchase agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Republic of India.Pursuant to the terms of the SPA, the contracted LNG volumes will be delivered ex-ship to terminals in India, starting in 2026.The SPA between QatarEnergy and GSPC builds on…
Obituary: Iconic Maritime, Shipbuilding Leader Fred Harris Passes
Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967. Upon graduation, Fred was commissioned in the U.S. Naval Reserve with the obligation of sailing in the U.S. Merchant Marine.
Everllence and Partners Complete S90 Methanol Engine Retrofit
Everllence has announced the world’s first conversion of an Everllence B&W S90 two-stroke engine to dual-fuel methanol running following the successful sea-trials of COSCO Shipping Lines’ 20,000+ TEU container vessel, COSCO Shipping Libra.The vessel’s 11S90ME-C engine was retrofitted to an 11S90ME-LGIM (-Liquid Gas Injection Methanol) unit.Everllence PrimeServ – Everllence’s after-sales division –…
Watch: Supplying America, Securing America
The American Waterways Operators, the trade association of the American tugboat, towboat and barge industry, has released a new video on the industry's contributions to U.S. national and homeland security.The two-minute video, The Tugboat, Towboat and Barge Industry: Supplying America, Securing America, notes that while the mariners who transport cargo and facilitate commerce on America's rivers, coasts…
Nakilat Reports $360m Profit for Q3
Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the third quarter of 2025 which ended September 30, 2025, with a net profit of USD$360 million (QAR 1.31 billion), compared to USD$352 million (QAR 1.28 billion) for the same period in 2024, an increase of 3.0%. This result underscores Nakilat’s strong operational resilience and strategic discipline in a dynamic global…
WISTA International Conference Encourages Cross-Industry Collaboration for the Future
Speakers at the 2025 WISTA AGM and Conference, held in Barcelona October 22-24, shared their thoughts on collaboration across maritime, trade, and logistics as a key to achieving goals on equality, gender diversity and decarbonization.The event, the largest staged by the association in its more than 50-year history, brought together over 400 maritime professionals and leaders from around the world.In her keynote speech…
Royal IHC, Floorganise Strengthen Dutch Shipbuilding with Renewed Partnership
Royal IHC and Floorganise B.V. have expanded their partnership to establish the conditions for digital supply chain collaboration within the Dutch shipbuilding ecosystem. This collaboration aligns with the Dutch Maritime Masterplan and contributes to accelerating the renewal of the national fleet.With Floorganise as the technology partner and the implementation of the Floor2Plan platform, digital collaboration across the supply chain is firmly embedded.
Royal Caribbean Q4 Profit Forecasted Below Expectations
Royal Caribbean forecast fourth-quarter profit below expectations on Tuesday, as the cruise operator faces higher costs, sending its shares down about 8% in early trading.The company raised its forecast for annual profit but that too fell short of expectations, tempering a strong year that saw shares rise about 38%.Increased fuel costs amid escalating global tensions and expenses related to drydocking…
US Strikes on Suspected Drug Vessels Kill 14, One Survivor
A series of U.S. strikes against suspected drug vessels in the eastern Pacific killed 14 alleged drug traffickers and left one survivor, U.S. Defense Secretary Pete Hegseth said on Tuesday, the latest operation in President Donald Trump's counter-drug campaign.The strikes in the Pacific come against the backdrop of a U.S. military buildup in the Caribbean that includes guided-missile destroyers, F-35 fighter jets, a nuclear submarine, and thousands of troops.
