KR, HD Hyundai Samho Complete AI-Powered Design, Analysis Project
Korean Register (KR) and HD Hyundai Samho held a project completion signing ceremony at Posidonia 2026 in Athens, Greece on June 3, marking the conclusion of their joint project on "AI-Based Solution Development for Design and Analysis Innovation."Carried out over one year, under a Memorandum of Understanding (MOU) signed in June 2025, the project focused on introducing AI technology to shipbuildingā¦
HD HHI, BV Launch JDP for Onboard Container Ship Guidance System
HD Hyundai Heavy Industries Co., Ltd (HHI) and Bureau Veritas Marine & Offshore (BV) have launched a Joint Development Project (JDP) for a Real-Time Onboard Guidance System which helps prevent excessive rolling for container ships.The system is designed to evaluate the roll stability in container ships during actual operations. As maritime logistics environments grow increasingly complex, the abilityā¦
Shore Power Shifts From Voluntary to Compliance Requirement
Shore power is shifting from a local environmental measure to a key operational and regulatory consideration for shipowners, according to DNVās latest white paper āShore Power in Shipping: Technology, regulation and implementation.ā As regulatory pressure builds in Europe, California and parts of Asia, access to shore power is shaping compliance and operating costs during port stays.Historically a voluntary option for saving energy and reducing emissions in portsā¦
SAFEEN Drydocks Secures a $300m Vessel Construction Contracts
SAFEEN Drydocks, a shipbuilding, repair and maintenance company, has secured two major vessel construction contracts valued at USD$354 million (AED 1.3 Billion) in total, marking the largest awards secured by SAFEEN Drydocks to date and reinforcing the UAEās growing position as a shipbuilding hub.SAFEEN Drydocks is a joint venture between AD Ports Group and Premier Marine Engineering Services, operating within Noatum Maritimeās portfolioā¦
Fincantieriās WASS and Magellan Partner on Canadian Underwater Defense
Fincantieri's subsidiary WASS Submarine Systems and Magellan Aerospace Corporation have signed a memorandum of understanding to explore industrial cooperation aimed at supporting Canada's underwater defense capabilities.The agreement establishes a framework for the two companies to identify and develop areas of cooperation related to heavyweight torpedoes and torpedo countermeasure systems.Under the arrangementā¦
ASRY Marks 200th Offshore Rig Milestone with Valaris Project
The Arab Shipbuilding and Repair Yard Company (ASRY) has completed its 200th offshore rig project following the delivery of the VALARIS 250 (Bob Palmer) offshore rig project.The milestone was marked during a ceremony attended by executives and officials from ASRY and representatives from Valaris.ASRY said the VALARIS 250 belongs to the Gorilla Class category of offshore rigs, which it described asā¦
Alternative-Fuel Vessel Orders Reach 119 in First Five Months of 2026, DNV Finds
According to the latest figures from DNVās Alternative Fuels Insight (AFI) platform, 36 new orders for alternative-fuelled vessels were placed in May 2026.Activity was primarily driven by LPG/ethane carriers, which accounted for 26 of the orders. A further eight LNG-fuelled vessels were ordered, including six container vessels and two car carriers, alongside two ethanol-fuelled bulk carriers.So far in 2026, a total of 119 orders have been placed for alternative-fuelled vessels.
Kongsberg Maritime, DNV Integrate Vessel Data Platforms
DNV and Kongsberg Maritime have entered into an agreement to enable the secure and standardized exchange of operational vessel data between Kongsberg Maritimeās digital fleet management solution and DNVās Veracity platform.The agreement establishes a digital integration based on DNVās Operational Vessel Data interface standard and API technology, allowing customers to share vessel operational dataā¦
ABB to Equip Electric Tugs Under India Green Fleet Plan
ABB has secured a contract from Cochin Shipyard to supply power and propulsion systems for two electric tugs being built under Indiaās Green Tug Transition Program (GTTP).The vessels, due for delivery to Polestar Maritime in 2027, will operate out of the Jawaharlal Nehru Port Authority (JNPA), Indiaās largest container port.The tugs form part of the first phase of the GTTP, which aims to transitionā¦
GTT Gets Hanwha Oceanās LNG Carrier Tank Design Order
GTT has secured an order from the shipyard Hanwha Ocean for the tank design of one new liquefied natural gas (LNG) carriers, on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, offering a total capacity of 174,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the third quarter of 2029.
New Excursion Boat Debuts at Port of Los Angeles
A new hybrid, 350-passenger vessel is now in operation at the Port of Los Angeles, the result of a Port-led partnership with Harbor Breeze Cruises, the California Air Resources Board (CARB), and the Port of Long Beach.The Harbor Breeze Cruisesā El Escudo harbor craft features some of the newest emission-reduction technologies on the market. The El Escudo will be berthed at the Port of Los Angeles and serve the San Pedro Bay ports.The vessel features a parallel hybrid propulsion systemā¦
Middle East Offshore Sector Faces Structural Risks
A combination of contract terminations, spiraling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf.In its latest HORIZON Monthly Offshore report, MSI notes that, whilst contract terminations for rigs have been few, a return to pre-conflict levels could take months as fields are brought back onstream and constructionā¦
MPA and MSC to Advance Sustainable and Digital Development
The Maritime and Port Authority of Singapore (MPA) and MSC Mediterranean Shipping Company have signed a Memorandum of Understanding (MoU) to strengthen collaboration in maritime decarbonization, digitalization, innovation, and manpower development.The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSCās operational and business activities in Singapore.
Sandmeyer Steel Announces Leadership Transition
Sandmeyer Steel Company, a producer of stainless steel, nickel alloy, and titanium plate products, has appointed R. Paul Sandmeyer, III as President and Chief Operating Officer.This appointment marks the transition to fourth- generation family leadership as the company enters its 75th year.Paul succeeds a distinguished family legacy of leadership. His great- grandfather and company founder, the late Paul C. Sandmeyer, his grandfather, the late Ronald P. Sandmeyer, Sr., and his father, Ronald P.
Gulf Hostilities Spike as Iran, US Launch Attacks
Gulf hostilities flared again on Wednesday as Iranian attacks on Kuwait damaged its airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz, with diplomacy to halt the war showing little sign of progress.The attacks are the latest to test a shaky ceasefire, sending oil prices up nearly 2%, as the strait remains largely closed more than three months after the U.S.
EU Proposes Naval Mission Leads Mine Clearing in Hormuz
The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a document seen by Reuters.The European External Action Service wrote in a note dated May 26 and sent to member states that "the situation requires the Union to provide a meaningful contribution"ā¦
TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's TotalEnergies to a company called Nordline LLC, according to a decree published on Wednesday.TotalEnergies declined to comment and has not issued any statement on a sale, unlike previous divestments from Russia.Reuters has identified two Russian-registered entities named Nordline LLCā¦
Vessels Stuck In Hormuz Further Strain on Shipping Industry
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Shipping Technology Launches ST Brain Lite Digitization for Chartered Inland Vessels
Shipping Technology, the Rotterdam-based inland shipping technology company, is launching ST Brain Lite, a compact, easy-to-install onboard intelligence unit that brings real-time data connectivity to chartered vessels. Inland shipping container operator Danser Group is the product's launching customer, deploying the units across the chartered ships on its Limburg Express container liner service.Theā¦
MARTAC Expands Across Western USA With Opening of San Diego Innovation Center
Maritime Tactical Systems, Inc. (MARTAC), a provider of fully autonomous unmanned surface vessels (USVs), announced the opening of the MARTAC Innovation Center West in San Diego, California. The new facility marks a milestone in the companyās expansion, strengthening its ability to serve defense, security and commercial customers across the West Coast and Pacific regions.The MARTAC Innovation Center West will serve as a hub for researchā¦
