Indian Recycling Yards Pushed Towards Highly Speculative Bids
Indian ship recyclers are increasingly prepared to bid at levels that could result in substantial losses based on current prices as competition for a limited number of end-of-life vessels intensifies, according to Wirana Shipping, one of the world’s oldest and largest cash buyers of vessels for recycling.Indian ship recycling offers have climbed by as much as USD 30/LT LDT in three weeks as competition for limited vessel supply intensifies, Wirana Shipping has reported in its latest weekly market report.
Fraser Shipyards: 138 Years In, Building for What Comes Next
Part of a group of companies that make up Fraser Industries, Fraser Shipyard is a 138-year-old on Lake Superior, an organization which makes equal revenue from newbuild and ship repair, able to work in both steel and aluminum. Recently it signed a collaboration agreement with HD Hyundai to help migrate process and technology from one of the world’s biggest and best shipyard to the shores of Lake Superior. Patrick Kelly, CEO, Fraser Shipyard, discussed the importance of this agreement…
By the Numbers: Container Fleet Capacity to Top 34 Million TEU
"When the world’s shipyards deliver just a few more container ships, the global fleet capacity will for the first time reach 34 million TEU. At that time, the fleet will have grown by 10 million TEU - or 42% - in just five and a half years,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.At the beginning of September, global container fleet capacity was just 8,000 TEU below the 34 million TEU mark. The milestone will therefore be reached after only a few of the 46 ships (totalling 286…
Nuclear Power Considered for Transatlantic Container Route
Lloyd’s Register, A.P. Moller - Maersk (Maersk) and the ports of Charleston and Felixstowe will examine the security and safeguarding requirements for the theoretical deployment of a nuclear-powered container ship route between the UK and US.Centered on a conceptual nuclear-powered container ship, the Pink Corridor will examine the requirements for theoretical port access on the specified route. Key areas of focus will include ship security, safeguards, cyber resilience, emergency response…
Auramarine: Flexibility Not Fuel Choice will Determine Transition Success
Fuel supply systems expert Auramarine believes shipping's energy transition is entering a phase where flexibility, not fuel choice, will determine which operators adapt successfully.With fuel price volatility, inconsistent alternative availability and tightening environmental regulation at different speeds across regions, Auramarine argues that the right approach to fuel supply infrastructure is now as strategically important as the fuel itself.“The industry has spent years asking which fuel will win,” says John Bergman, CEO, Auramarine. “That may be the wrong question.
Kongsberg Maritime Expands Pod Range
Kongsberg Maritime is expanding its Elegance Pod propulsion range with the launch of five new sizes delivering up to 22MW, enabling the company to address the requirements of the world’s largest cruise vessels.The new units are being developed to support both today’s and future vessel architectures, including hybrid and fully electric propulsion systems, providing shipowners with greater flexibility as the cruise sector continues its transition towards more sustainable operations.The Elegance Pod’s compact permanent magnet motor enables a smaller pod diameter…
Construction Underway for Singapore Majestic Fast Ferry
Construction is underway on a next-generation 39-meter passenger ferry Incat Crowther has designed for Singapore’s Majestic Fast Ferry.The new ferry builds on the successful first and second-generation 39-meter ferry platforms Incat Crowther has designed for the same operator.The ferry incorporates a number of refinements developed in consultation with Majestic Fast Ferry and Indonesian shipyard PT Cahaya Samudra. Optimised performance and weight reduction were key design drivers, achieved through a new raked bow form and greater use of lightweight materials throughout.
GEA Presents Comprehensive Methanol Fuel System
GEA has presented its new methanol Fuel2Engine System at SMM 2026. With this solution, GEA has combined the GEA methanol Booster Unit with the GEA methanol Valve Train to create a comprehensive Fuel2Engine System. This technology thus covers key steps in the fuel supply process, from methanol processing to engine injection.The GEA methanol Fuel2Engine System is intended for use in newbuilds as well as retrofit projects. GEA can supply the two main components—the GEA methanol Booster…
AI and Robotics in Focus at ABS Innovation Summit
The technologies reshaping maritime took center stage at the ABS Innovation Sumit where shipowners, operators, technology developers and investors explored how innovation is moving from concept to operational reality.During the Summit, live technology demonstrations gave attendees direct access to innovators behind advances in robotics, drones, sensors and AI, with participating companies including Flyability, A*Star, Fleet Robotics and Enki Marine.“Digitalization, robotics and AI…
Moose Boats Completes Boat for Sacramento Sheriff’s Office
Moose Boats is excited to have completed the M2-38 patrol vessel for the Sacramento County Sheriff’s Office. The M2-38 is a 38-foot catamaran powered by twin Volvo Penta D6-480 diesel engines with a combined 960 horsepower with Hamilton Jets.According to Sacramento County Sheriff Sergeant Sam Flores, “Our main goal with the new boat is to clean up the Sacramento and American River to make the water better for our community. We do have a list of sunken vessels and sunken vehicles…
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. That is why…
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.
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. Success…
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, conducting missions including law enforcement, drug and migrant interdiction, and search and rescue.
Great Lakes Ports and Shipyards Formalize Partnership
The American Great Lakes Ports Association has signed a Memorandum of Understanding (MoU) with the Great Lakes Alliance of Shipyards to advance shared priorities in domestic shipbuilding and commerce.The MoU marks the first formal partnership between the U.S. Great Lakes port and shipyard communities. By connecting public port authorities with leading American shipyards, the organizations will work more closely to expand the region’s industrial capacity, pursue new cargo and export opportunities…
Shipyard in Focus: RMK Marine Builds a New Generation of Ships in Türkiye
Shipbuilding rewards experience, but today's rapidly evolving maritime market increasingly demands something else: a willingness to build ships that have never been built before.For Türkiye's RMK Marine, that combination of experience and experimentation is defining its position in the global shipbuilding market. RMK Marine, as one of Türkiye’s leading shipyards, has the capability to build vessels up to 200 meters in length and 28,000 DWT, operating within modern shipyard facilities covering a total area of 160,000 m² in Tuzla/Istanbul and Yalova.
Four Shipowners Order Four VINGA Product Tankers
Four shipowners from Sweden, Norway and Canada have ordered four new VINGA product tankers for delivery in 2028 and 2029, expanding the Furetank-developed vessel series to 26 ships.Two of the vessels will be owned by FureBear, a joint venture between Sweden's Furetank and Canada's Algoma Central Corporation, while Norway's O.H. Meling and Sweden's Älvtank will each take one.The order marks O.H. Meling's first investment in the VINGA series, while Älvtank already owns three of the vessels.The four 17,999-dwt product tankers will be built at China Merchants Jinling Shipyard in Yangzhou, China.
Bollinger taps Steerprop by USCG Iceabreaker Propulsion
Finland's Steerprop won an order to supply complete propulsion packages for four Arctic Security Cutters (ASCs) being built for the US Coast Guard by Bollinger Shipyards. Each vessel will be equipped with two Steerprop Contra-Rotating Propellers (CRP) azimuth propulsors and two tunnel thrusters. The vessels will be built to an existing Multi-Purpose Icebreaker (MPI) design. During the selection process, Steerprop demonstrated that its dual-end propeller CRP concept delivered significantly…
Sanmar Shipyards Delivers Second Tugboat to Ultratug
Sanmar celebrated the delivery of a second tugboat to Ultratug, a leading operator in the Americas, at a special ceremony held at its Altinova Shipyard on August 11, 2026.The tug, UT AMAZONAS, will operate in Colombia and is the sister vessel to UT PATZCUARO, the first tug that Sanmar built for Ultratug, which was delivered just a few months ago and is now operating in Mexico.Guests of honor from Ultratug Colombia at the ceremony were Silvia Herrera, Country Manager of Ultratug Colombia; Cristian Franco, Fleet and Operations Manager, Colombia; and José Morales, Maintenance Engineer, Colombia.
Cadmatic Expands US Presence With Local Specialists
Marine design software company Cadmatic is expanding its US presence by hiring more local specialists to serve its rapidly growing customer base in the key US shipbuilding market. With demand driven by fleet renewal, naval procurement programs, and capacity investment, American shipyards are looking for tools that reduce manual workload, improve production planning accuracy, and keep complex projects on schedule. Cadmatic's portfolio addresses each of these directly. The company is building on its existing presence in Vancouver…
Lloyd’s Register Joins Austal’s $715M Australian Army Landing Craft Program
Lloyd’s Register has secured a $7.8 million (A$11 million) contract from Austal Defence Australia to provide naval classification services for the Australian Army’s Landing Craft Medium program.The contract covers classification services throughout the construction of 18 landing craft, supporting quality, compliance and assurance from construction through to delivery.Austal Defence Australia is delivering the vessels under a Design and Build Tasking Statement worth more than $715 million (A$1.029 billion)…
Canada Invests $7.95m for Six New Icebreakers
Canadian Prime Minister Mark Carney said on Monday the federal government would invest more than C$11 billion ($7.95 billion) to build six new icebreakers for the Canadian Coast Guard.Speaking in Levis, Quebec, Carney said the ships would be built by Quebec shipbuilder Chantier Davie and would replace the Coast Guard's aging heavy and medium icebreakers.After Russia, Canada has the world's second-largest fleet of icebreakers, which routinely escort U.S. ships heading to the Arctic.
MarAd Inks Pact to Move on Maritime Nuclear Power
The U.S. Department of Transportation's Maritime Administration (MARAD) and CORE POWER (US) Inc. signed an agreement to accelerate the commercial, industrial, and regulatory pathways for U.S.-flagged nuclear-powered commercial ships. Fueled by small modular reactor (SMR) technology, this first-of-its-kind partnership will advance the President Trump's agenda to strengthen American shipping and secure energy dominance."President Trump has made it clear that American energy dominance and maritime strength go hand in hand," said Maritime Administrator Stephen M. Carmel.
SANMAR Delivers SAAM CARIBE Tugboat to SAAM Towage
Sanmar Shipyards has delivered another new Bogaçay Class tugboat to SAAM Towage as part of the operator's ongoing fleet renewal and decarbonization program. It brings the total number of Sanmar-built vessels in the operator's fleet to 17.Named SAAM CARIBE by its new owners, the tug will join SAAM Towage operations at Cartagena, a major port on the northern coast of Colombia. It is the sixth tugboat that Sanmar has delivered to SAAM Towage in under a year.SAAM CARIBE is based on the RAmparts 2400SX-MKII design developed exclusively for Sanmar by Canadian naval architects Robert Allan Ltd.
TOTE Services, Hanwha Philly Shipyard Deliver Fourth NSMV
TOTE Services, LLC, a U.S. maritime services company specializing in vessel construction management and ship management, together with Hanwha Philly Shipyard, Inc. (HPSI), has completed the fourth of five National Security Multi-Mission Vessels (NSMV), the LONE STAR STATE. Today, the vessel was delivered to the U.S. Department of Transportation-Maritime Administration (MARAD) and will be homeported at Texas A&M Maritime Academy.The LONE STAR STATE is a purpose-built NSMV developed to modernize the training capabilities of the nation’s state maritime academies.
Strategic Marine Delivers First New Passenger Catamaran for Bintan Resort Ferries
Strategic Marine, an aluminum shipbuilder, marked the naming and delivery of Putri Mayang Sari on August 12, 2026, the first of three next-generation 43-meter passenger catamarans under construction for Bintan Resort Ferries (BRF) at the company's Singapore shipyard.Designed and built by Strategic Marine, Putri Mayang Sari is intended to support BRF's fleet renewal and expansion plans, enhancing passenger transport services between Singapore and Bintan. The vessel can accommodate up to 293 passengers across two decks…
Everllence’s 175D Engines to Power Four Offshore Tugs Destined for Guyana
Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen.These will be operated by Smit Lamnalco, a Boskalis company, in Guyana, South America to support an FPSO fleet in the Stabroek Block.The newbuilds’ roles will combine towing, safety, logistics, dynamic positioning and maintenance functions, supporting large‑scale deepwater oil production.
Lehmann Marine Secures first AQUBE Order
Lehmann Marine has secured the debut commercial order for its newly developed AQUBE liquid-cooled battery system.The high-power energy storage platform AQUBE has been selected by shipbuilder Lloyd Werft in Bremerhaven to power a research vessel built for the German Aerospace Center (DLR), Germany’s national research center for aeronautics, space, energy, and transport.Set for delivery in 2027, a new 48-meter-long, 11.5-meter-wide DLR seagoing technology platform will serve as an ocean-going…
Wilson Sons Launches Third High-Powered Tugboat
Wilson Sons, a port and shipping logistics operator with over 188 years of experience, launched WS Ariel on August 20 at Pier Mauá (Rio de Janeiro). WS Ariel is the third high-powered tugboat in the company's new shipbuilding series.Like WS Halcyon and WS Capella, launched in January and May this year, respectively, WS Ariel was built at Wilson Sons’ shipyard in Guarujá (São Paulo). Belonging to the same ASD 2312 class (23 meters long, 12 meters wide), it has azimuthal propulsion…
Viking Orders Two Cruise Vessels for 2032 Delivery
Fincantieri and Viking have signed contracts for two new cruise ships, extending a long-running shipbuilding relationship that now encompasses 28 vessels.The ships result from Viking exercising options announced in April 2025 and will be constructed at Fincantieri’s Ancona shipyard in Italy, with both vessels scheduled for delivery in 2032. Fincantieri classified the value of the agreement, which remains subject to financing and other conditions, as “large.”Designed for the small cruise ship segment…
Conoship Adds 40-MWh Battery-Electric Option to CIP3800 Coaster
Conoship International has expanded its CIP-Series with a fully electric version of its CIP3800 general cargo vessel, pairing the established 3,800-dwt coaster platform with a 40-MWh battery energy storage system.Designed for short-sea routes, green shipping corridors and emission-restricted coastal operations, the CIP3800 Fully Electric measures 89.43 meters LOA with a 13.2-meter molded breadth and 5.2-meter draft.Rather than developing a new hull specifically for battery propulsion…
Finland’s Aino Icebreaker to Be Built by Helsinki Shipyard
Helsinki Shipyard has been selected to build Finland’s new icebreaker called Aino. The procurement by the Finnish Transport Infrastructure Agency marks the beginning of a new generation of Finland’s icebreaker fleet.Construction of the Aino icebreaker will begin next year and is scheduled for completion in 2029. The new vessel will safeguard Finland’s year-round maritime traffic in the Baltic Sea.Helsinki Shipyard will be responsible for the overall shipyard delivery and assembly of Aino working closely with its affiliate Sata Shipbuilding in Pori.
Bollinger Shipyards Launches “NextGen Shipbuilders” Program
Bollinger Shipyards, a designer and builder of high-performance military and commercial vessels, announced a new partnership with the Gulfport School District to launch "Bollinger NextGen Shipbuilders," a work-based learning program designed to introduce high school students to the skills, trades and career pathways that support the Gulf Coast’s shipbuilding industry.Through the initiative, Gulfport High School students will gain hands-on exposure to five core maritime manufacturing disciplines: welding, pipefitting, marine electrical, maritime carpentry, and rigging and fitting.
Tech File: MacGregor LCO₂ Bow Transfer System
A new liquid carbon dioxide (LCO2) transfer solution built on proven technology from MacGregor enables the flexible, direct ship-to-well injection needed to support the EU’s carbon capture and storage goals.If the European Union is to meet its objective of net-zero emissions by 2050, carbon capture and storage (CCS) will have a significant part to play. The EU-funded CCS research and innovation project, COREu, targets a 6.8- and 36-megatonne reduction in annual carbon dioxide emissions by 2035 and mid-century…
Baltic Shipping Adds Wind-Assisted Hybrid Coasters
Danish shortsea operator Baltic Shipping Company has added two new Damen-built hybrid coasters equipped with wind-assisted propulsion and battery systems to its fleet.The 3,550-dwt sister vessels Baltic Iron and Baltic Timber are each fitted with two Econowind VentoFoils, which are expected to reduce fuel consumption by up to 12% by harnessing wind to generate supplementary propulsion.The VentoFoils generate aerodynamic thrust that reduces the propulsion power required from the vessels' main engines, cutting both fuel consumption and associated CO2 emissions.
Cold Spray Metal 3D Printing Goes to Sea at RIMPAC 2026
A U.S.-led advanced manufacturing team demonstrated the ability to produce mission-critical metal replacement parts aboard a vessel underway during RIMPAC 2026, marking the first at-sea deployment of a SPEE3D cold spray manufacturing system.The Consortium for Advanced Manufacturing Research and Education (CAMRE) at the Naval Postgraduate School, working with the U.S. Army Combat Capabilities Development Command Army Research Laboratory and other partners, deployed more than 50…
ALMACO Completes Liberty of the Seas Modernization
ALMACO Group completed a major modernization project aboard Royal Caribbean International’s Liberty of the Seas, delivering new catering, accommodation and public spaces during the cruise ship’s yard period at Damen Shipyard.Completed in May 2026, ALMACO’s catering scope included an approximately 90-sq.-m. galley, 35-sq.-m. pantry and three bar areas — Starbucks, The Lime & Coconut and El Loco Fresh — totaling approximately 100 sq. m.The project also added passenger accommodations by repurposing existing shipboard spaces.
Danish Shipping Welcomes EU Proposal for Indian Ship Recyclers
The European Commission has proposed adding two Indian ship recycling facilities in Alang to the European List of approved ship recycling facilities. Danish Shipping warmly welcomes the proposal, calling it an important step for responsible ship recycling.The proposal recognizes ship recycling facilities that have demonstrated compliance with the EU Ship Recycling Regulation, irrespective of where they are located."This is an important step. And it has been a long time coming. Facilities that meet the EU's high environmental and safety requirements should be recognized regardless of geography.
Russian Ice-class LNG Carrier heads out via Northern Sea Route
Russia's second new domestically-built ice-class carrier for transporting liquefied natural gas, the Konstantin Posiet, departed from Bolshoy Kamen Bay in Primorsky Krai and set a course along the Northern Sea Route, LSEG data showed.For Russia, the tanker represents another step in overcoming Western sanctions designed to prevent it from moving gas to international markets and to curb its revenues for waging war on Ukraine.The vessel was built at the Zvezda shipyard, one of Russia's most advanced shipbuilding facilities, to serve the Arctic LNG 2 plant, which is subject to U.S.
MacGregor Inks Hatch Cover Deal
MacGregor was selected to deliver a comprehensive scope of cargo handling solutions for six 1,700 TEU dual-fuel LNG-powered containerships to be built at Cochin Shipyard Limited (CSL) in India. The vessels are being built for the CMA CGM. The six 1,700 TEU vessels are scheduled for delivery between 2029 and 2031. They will support and reinforce India’s role as a strategic hub for global trade and sustainable shipbuilding.The order was booked to MacGregor’s Q2 2026 orders received.The extensive scope of supply includes the design and key components…
Iskra Shipyard tapped to Build Firefighting Vessel
Croatian shipbuilder Iskra Shipyard has signed a €2.24 million contract to design and build a new high-speed firefighting vessel for the Zadar County Firefighting Association, with delivery scheduled within 12 months.The 15-meter vessel will be built at Iskra’s shipyard in Šibenik and deployed for firefighting operations around Zadar County’s islands, ports and coastal areas. It will also support firefighting, emergency response and civil protection services during maritime emergencies.The project is part of Zadar County’s EU-funded “Resilient Archipelago” program…
Lone Star Funds Sells Vigor Marine Group
Lone Star Funds has announced that an affiliate of Lone Star Fund XI, L.P. has completed the sale of Vigor Marine Group to Antin Infrastructure Partners.Based in Portland, Oregon, Vigor Marine Group operates shipyard and fabrication facilities across five locations and employs approximately 2,700 people in the Pacific Northwest, Virginia and California. The company offers advanced services and complete solutions for a variety of clients, including the U.S. Navy, U.S. Army, Military Sealift Command, U.S.
Older Bulkers and LNG Carriers Could Provide Short-Term Relief for Ship Recyclers
Limited recycling supply could get a brief respite in the coming weeks from a weakening second-hand interest in older vessels and softer demand for steam turbine LNG ships. Both of these factors will encourage these ships being sent for end-of-life disposal, according to Wirana Shipping.The prolonged shortage of vessels entering the ship recycling market could get a breather, with Wirana Shipping forecasting a comparative improvement in recycling supply led primarily by the dry bulk and LNG sectors.In its latest Demo Market Report & Market Outlook…
American Cruise Lines Announces Names for Two Riverboats
American Cruise Lines has announced the names of two more U.S.-built small ships: American Beauty, a new riverboat for the Mississippi that will launch in 2028, and American Rhapsody, another new riverboat for the Columbia and Snake Rivers that will launch in 2029.These riverboats represent the 29th and 30th ships in the company’s fleet. All American Cruise Lines’ new ships are built at Chesapeake Shipbuilding in Salisbury, Maryland.American Beauty will operate the company’s eight-day Upper Mississippi River cruises between St. Louis, MO and St. Paul, MN.
Glomar Debuts New Multi-Purpose OSV Design
C-Job Naval Architects and Glomar unveiled the design of a next-generation Offshore Support Vessel (OSV) that the pair claims provides a breakthrough in versatility and sustainable engineering.Purpose-built as Glomar’s first vessel of its kind, the design eliminates the need for multiple specialized ships. Engineered for peak performance across diverse offshore tasks — from subsea inspections and cable trenching to ROV operations — this vessel sets a new industry benchmark as a “Swiss Army knife” for offshore work.“This project reflects C-Job’s drive to deliver innovative…
KRATT: A Biomethane-Fueled, Ice-Class Workboat
Estonia has taken delivery of a new 38-meter multipurpose workboat that combines compressed biomethane and battery-electric propulsion with research, buoy-handling, pollution-response and rescue capabilities in a single vessel.Named KRATT, the new vessel was designed and built by Baltic Workboats for the Estonian State Fleet and christened August 12 at Saaremaa, Estonia. The €22 million vessel is scheduled to enter service in Estonian waters this autumn.At the center of the newbuild is an alternative-fuel power plant designed around compressed biomethane (CBM) as its primary fuel…
Trump Orders Carriers to Retrofit Aircraft Carriers, Return to Steam Catapults
U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump signed a national security memorandum directing the change, which would require the fourth vessel in the Gerald R. Ford class of aircraft carriers to abandon the Electromagnetic Aircraft Launch System (EMALS) used on the first three vessels.
Shipping Risks Repeating Stranded Asset Mistakes
Shipping lenders and investors risk repeating the mistakes made by Europe's electricity utilities and their financiers a decade ago, and the financial fallout could reach far beyond individual shipowners to lenders, investors, cargo owners and other supply-chain stakeholders, says UCL.The report, Lessons from electricity sector transitions and historic shipping collapses for understanding shipping stranded asset risks, by UCL Energy Institute's Shipping and Oceans Research Group…
MARAD Invests $35.1m Into Small US Shipyards
U.S. Transportation Secretary Sean P. Duffy today announced that the Maritime Administration (MARAD) is delivering $35.1 million to invest in critical infrastructure and workforce development at 45 shipyards across 24 states and the U.S. Virgin Islands. The program received a 300% increase in funding in 2026.Projects examples include:$1,007,678 to Gulf Marine Repair Corporation in Tampa, Florida, for training center equipment, wheel loaders and upgrades to three berths in its south slip.$1,000,000 to Robert E. Derecktor, Inc.
One Killed in Chinese Shipyard Explosion
An explosion at a shipyard in the southeastern Chinese province of Fujian on Thursday killed one fire and rescue worker, local authorities said.A fire broke out at 1:09 p.m.
Seatrium, Golar Ink FLNG Conversion LOI
Seatrium Limited entered into a Letter of Intent (LOI) with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project to be undertaken by Seatrium for Golar.Under the arrangement, Seatrium and Golar will work together to advance technical design development and project definition activities, with the objective of finalising an Engineering, Procurement and Construction (EPC) contract in the second half of 2026. An upfront consideration…
Innovation: IINO Lines Turns Emerging Tech into Operational Advantage
Technology identification, trial and adoption is cornerstone to running an efficient, cost-effective maritime operation. But with the speed of technological change, particularly in regards to Artificial Intelligence (AI), the process is neither straight nor short. We visited recently with Kenji Togasaki, SVP, Innovation Office, IINO Lines (USA), who’s job it is with his IINO Lines team to scout new technologies and implement them onto the fleet with IINO technical group in Tokyo.
When it Comes to Autonomous Boats: Show, Don’t Tell
Anyone who has attended a writer’s conference has heard writers, editors, agents and publishers repeat the same mantra: “Show, don’t tell.” You can likely intuit what this means, but just to be clear, if you are writing a western thriller and you are describing a bar fight, it can’t be told matter-of-factly. The reader has to hear the crash of beer bottles against the bar’s mirror, feel the gunshots and root for the sheriff.What does this have to do with uncrewed maritime systems? A great deal.The U.S.
SK Shipping to Become Asia's Largest LNG Carrier Operator
South Korean shipping companies SK Shipping and H-Line Shipping will swap vessels and long-term contracts in a deal that will make SK Shipping Asia's largest LNG carrier operator, their owner Hahn & Co. said on Thursday.SK Shipping will receive 16 LNG vessels and related long-term contracts from H-Line Shipping in exchange for 12 tankers, long-term contracts and about $300 million in cash, Hahn & Co. said in a press release.After the transaction, SK Shipping will operate 32 LNG carriers and 14 liquefied petroleum gas (LPG) vessels…
First Steel Cut for Skarv’s Ammonia-Fueled Multi-Purpose Ship
Skarv Shipping Solutions has marked two milestones in China: the delivery of Peak Skarv 3 and the first steel cut for hull 247, its new ammonia-fueled vessel.The ammonia-fuelled vessel will carry timber for Viken AT Market and be commercially operated by Arriva Shipping.A 160 m³ ammonia tank, with MGO as pilot fuel, covers a 14-day round trip between Norway and the continent, working alongside an electric propulsion system with batteries and shore power. Delivery is scheduled…
AURELIA Introduces Zero-Emission Vessel Concept for Bahamas
AURELIA has welcomed Silas Cooper, Honorary Consul of the Commonwealth of The Bahamas to the Kingdom of the Netherlands, to its Amsterdam office for a working visit dedicated to the future of inter-island connectivity in The Bahamas.The meeting, also joined by Bastiaan Visser of Sustainable Capital Group, focused on AURELIA’s zero-emission ferry and cruise concept — a vessel designed to connect the islands of The Bahamas through clean, silent, and future-proof maritime transport.As part of the AURELIA Clean Sailing fleet…
Rolls-Royce Establishes Regional Defense Headquarters in Canberra
Rolls-Royce is expanding its partnership with Marand Precision Engineering into a new export venture, supplying naval gas turbine propulsion packages to the Type 26 Global Combat Ship program.Alongside this, Rolls-Royce has opened a new regional defense headquarters in Canberra, Australia, marking a significant milestone in the company’s commitment to supporting the Australian Defence Force (ADF).Following a competitive international tender, Rolls-Royce selected Marand to build three additional gas turbine acoustic enclosures and corresponding ship interface systems for the Type 26 program.
This is the Last Article on the Jones Act you Ever Need to Read (Really)
I first heard about the Jones Act from my father in 1976. He had just become part of the US maritime community and one day came home and started to tell me about the differences between the US maritime community and the Dutch maritime community. Two things stood out; the heavy US union influence and the Jones Act. My father despised unions, as a lifelong non unionized shipping company employee (but a very benevolent one, sponsoring employee vacation resorts and excellent employee housing, and later found to have one of the most generous pension plans one can imagine).
Shuttle Tankers: A Distinct Vessel Breed, a Niche Market
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields, where subsea pipelines are not a practical or economically viable option.Production platforms or floating units are increasingly located in deepwater areas prone to challenging weather and hydrological conditions…
German Warship Builder TKMS Raises 2026 Outlook
Warship manufacturer TKMS on Wednesday raised its outlook for the second time in six months, expecting higher demand for surface vessels such as frigates as well as for its sensors and mine-sweeping technology.TKMS has been one of the main beneficiaries of Europe's push to build up its defenses in light of dwindling U.S. support, scoring several landmark deals in recent months, including one for Germany's navy as well as a submarine agreement with Canada."Our recent successes confirm our outstanding positioning as a maritime powerhouse - both nationally and internationally…
Grimaldi Takes Delivery of First New-Series PCTC
The Grimaldi Group has taken delivery of Grande Pacifico, the 13th ammonia ready car carrier in the Grimaldi Group fleet and the first of five sister PCTCs vessels ordered from China Merchants Heavy Industries Jiangsu and classed by RINA.An evolution of the design that gave rise to the first five 9,000 CEU vessels already delivered by the same shipyard, the new units offer even greater cargo capacity while maintaining high energy efficiency, technological innovation and environmental sustainability.With an overall length of 220 meters…
Romulus USV Passes Critical Military Test
HII has announced that the U.S. Defense Innovation Unit (DIU) has officially recognized the successful completion of the company’s production-ready, inexpensive, maritime expeditionary (PRIME) prototype project.The prototype features the Watcher small unmanned surface vessel (sUSV), which is based on HII’s Romulus-25 USV and powered by HII’s Odyssey autonomous control system.The DIU recognition follows HII’s delivery and successful sea testing of two autonomous Watcher Romulus…
Corvus Energy Wins 40-MWh Battery Contract for BC Ferries
Corvus Energy will supply battery energy storage systems for four new hybrid-electric Summit Class ferries being built for BC Ferries, with a total initial installed capacity of 40 MWh.Each double-ended ferry will receive a 10-MWh Corvus Dolphin NxtGen battery system. Corvus will also provide battery interfaces and control systems designed to accommodate significant additional capacity, supporting a future transition toward near-zero-emission electric operation as shore charging infrastructure becomes available.The four vessels — Summit Arbutus…
ABB to Power Allseas’ Heavy Transport Vessel Grand Tour
ABB will supply the integrated power and propulsion system for Grand Tour, a new 230-meter semi-submersible heavy transport vessel being built by Guangzhou Shipyard International (GSI) for offshore contractor Allseas.Scheduled for delivery in 2028, Grand Tour is designed to transport large offshore wind converter stations from fabrication facilities in Asia and Europe and transfer them directly to Allseas’ heavy construction vessel Pioneering Spirit for offshore installation.Converter stations play a central role in long-distance offshore wind power transmission…
Vietnam Starts Construction of Largest Domestic Anti-Submarine Frigate
Vietnam has begun construction on what it describes as the country's largest and most advanced domestically made anti-submarine frigate, a military-owned newspaper reported.The vessel, being built at the defense ministry's Song Thu Shipyard in Danang City, will also have most of its weapons and military equipment developed or assembled in the country, the Quan Doi Nhan Dan newspaper said late on Monday.Vietnam, which has long been involved in maritime disputes with China and other claimants to the South China Sea, has been seeking to expand its domestic defense manufacturing capabilities while
Hanwha Makes $1.2B Offer for Austal USA
Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16%, logging their best intraday jump since mid-February. The stock was the top gainer on the benchmark ASX 200 index .AXJO, which traded 0.2% higher as of 0125 GMT.Hanwha Defence USA offered to buy Austal's U.S. entities and operations for $1.05 billion to $1.20 billion, a move that would deepen its push into the U.S.
Lockheed Martin Awarded Combat Systems Contract for Australian Submarines
The Australian Submarine Agency (ASA) has awarded Lockheed Martin a two‑year AUD$26.5 million ($18.7 million) contract to create a sovereign Combat Systems Integration (CSI) capability for Australia’s future Virginia‑class submarines under the AUKUS partnership.Australian engineers will be supported by U.S.-based Virginia-class submarine subject-matter experts, to accelerate capability development and build a sustainable, sovereign integration capability for the future force.Together with the ASA…
US Officials Work to Close Supply Chain Gaps as Foreign Investment Grows
U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S. President Donald Trump's tariffs on foreign imports and deregulation were fueling foreign investments in manufacturing…
India’s Recycling Market Gains Momentum
Wirana Shipping has identified improving steel demand in India as an encouraging sign for the country’s ship recycling market, while slower demand and financing pressures continue to weigh on Bangladesh.The latest Market Outlook reports a second consecutive week of improving steel demand in India. Local steel plate prices increased by $4/MT, semis and finished steel products by $2–4/MT and imported scrap by $1/MT. Recycler offers remained unchanged, although Wirana Shipping expects…
Cadeler Orders More Offshore Wind Installation Vessels
Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031.The new T-class series vessels have been engineered to be the largest and most capable vessels ever introduced to this market. They are designed to tackle increasingly complex projects with greater efficiency, versatility and performance.Earlier this year, Cadeler secured the…
KCC Takes Delivery of Final CABU III Combination Carrier
Klaveness Combination Carriers (KCC) has taken delivery of MV Baltazar, its third and final contracted third-generation CABU vessel, from New Yangzi Shipyard in China.Equipped with the first wind-assisted propulsion system in KCC's fleet and a range of advanced energy efficiency technologies, MV Baltazar completes the CABU III newbuilding program and brings KCC's fleet to 19 combination carriers.Designed for trades carrying caustic soda solution to Australia and returning with dry bulk commodities…
Saronic Selects Port of Gulfport for Marauder On-Water Testing
Saronic has expanded its operations to Gulfport, Mississippi, establishing an initial site for on-water testing of the company’s medium unmanned surface vessel (MUSV), Marauder, at the Port of Gulfport.As production of Saronic’s Marauder platform continues to scale, the site will support testing and commissioning of the 180-foot autonomous ships as they move from production to final delivery.The Saronic facility at the Port of Gulfport spans more than 30,000 square feet and includes dedicated port access, office space, and warehouse space that can support Saronic’s growing operations.
Nichols Brothers to Build Bew San Francisco Bar Pilots Station Vessel
Nichols Brothers Boat Builders (NBBB) has been awarded a contract by the San Francisco Bar Pilots Benevolent and Protective Association to build the organization's next-generation station vessel.Designed by Glosten, the vessel will measure approximately 110 feet in length and is being built to support the San Francisco Bar Pilots as they guide commercial vessels through the waters of San Francisco Bay and the Golden Gate.The vessel will feature Tier 4 diesel propulsion designed to improve fuel efficiency, reduce emissions and meet California Air Resources Board (CARB) emissions requirements.
ADNOC L&S Acquires 11 Vessels in $1.3B Fleet Expansion Deal
ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs). Nine vessels - six VLCCs and three VLGCs - were acquired on the secondary market and are scheduled for delivery in the third quarter of 2026…
CNOOC's LNG Vessel Named Greenergy River
Yesterday HUAJING LNG TRANSPORT PTE. LTD. (HLT), a joint venture company in which NYK participates, held a naming ceremony for a new liquefied natural gas (LNG) carrier for the CNOOC Group, a Chinese state-owned energy company.The ceremony took place at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China, where the vessel is being built, and the ship was named “GREENERGY RIVER.” The ceremony was attended by NYK Senior Managing Executive Officer Hironobu Watanabe and other related parties.HLT is a joint venture company comprising NYK; CNOOC Gas and Power Singapore Trading & Marketing Pte.
Dajin Heavy Delivers Second KING-Class Offshore Wind Logistics Vessel
China-based offshore wind foundations manufacturer Dajin Heavy Industry has delivered KING TWO, the second 40,000 DWT heavy deck carrier in its self-developed and self-built KING series.The delivery represents a step in expanding the company's offshore vessel-building capabilities, marking the transition of the vessel class into standardized batch construction following the commercial deployment of KING ONE.KING TWO has an overall length of 239.8 meters, a beam of 51 meters, a 12…
Strong Cargo Demand Offsets Rising Costs for ONE
Ocean Network Express (ONE) reported a profitable first quarter for fiscal 2026, overcoming higher fuel costs and geopolitical disruptions through strong cargo demand, disciplined capacity management and rising freight rates, while continuing to invest in fleet modernization under its long-term ONE2030 strategy.For the quarter ended June 30, 2026, the Singapore-based container carrier generated revenue of $4.54 billion, EBITDA of $707 million and EBIT of $76 million, resulting in a net profit of $31 million.
Lemissoler Navigation Names Bulk Vessel Pair
Lemissoler Navigation has celebrated the naming of MV Lem Azalea and MV Lem Plumeria, the first two vessels in its four-vessel dual-fuel methanol newbuilding program.The naming ceremony took place on July 27, 2026. The two 65,000-dwt dry bulk carriers were built by CSSC Huangpu Wenchong Shipbuilding in cooperation with China Shipbuilding Trading Co. (CSTC). Shanghai Merchant Ship Design and Research Institute (SDARI) translated Lemissoler's operational requirements and continuous owner input into the vessel design and detailed engineering…
U.S. Dredging: A Cornerstone of Maritime Commerce and National Defense
There are several major dredging opportunities emerging across the United States that extend well beyond traditional maintenance dredging, channel deepenings, or harbor expansions. Increasingly, the American dredging industry is becoming a strategic tool for addressing some of the nation's most pressing challenges, including water security, agricultural sustainability, coastal resilience, maritime industrial revitalization, and national defense. Among the most significant opportunities…
Rebuilding U.S. Shipbuilding One Weld at a Time
The dearth of welding talent for shipyards – for all manufacturing operations – transcends the ‘finding the next generation’ discussion and fall squarely into a conversation about rebuilding U.S. shipbuilding capacity and national defense. Technology companies – specifically AI and robotics – continue to infiltrate nearly every maritime sector, and Path Robotics has taken an early lead in the development and supply or humanoid welding robots, robots that lean on more than eight years of learning and improving weld quality.
MarAd's Carmel: Great Lakes are Central to America's Maritime Revival
CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.Speaking at the American Great Lakes Ports Association's annual meeting in Chicago today, Carmel argued that the Great Lakes should be viewed not as a regional transportation network…
BMT Acquires Naval Architect One2three
BMT has acquired Australian naval architecture business One2three Naval Architects, expanding BMT’s ability to support customers delivering vessel programs across international markets and broadens its strengths in maritime design across ferries, specialist craft, autonomy and advanced vessel technologies.The acquisition brings together complementary maritime design expertise and strengthens BMT’s position as a global maritime design and technical consultancy. Existing customer relationships…