Shipbuilding News

Dolgo, a new maritime tech start-up spun out of the US National Oceanic and Atmospheric Administration (NOAA) Ocean Enterprise Accelerator, has announced the development of a new AI software platform that aims to transform shipyard skills training. Florida based Dolgo says the software will retain expertise presently being lost as large numbers of workers retire from the sector. Dolgo is presently undertaking trials of the prototype Large Language Model (LLM) with the University of South Florida College of Marine Science.

Svitzer has signed a shipbuilding agreement with Cochin Shipyard (CSL) for the construction of four battery-electric TRAnsverse 2600e tugs, marking the first contracted series of the next-generation design to be built in India.CSL will build at least four vessels under the contract, with options for up to four additional units. The 26-meter electric tugs will be constructed to Svitzer’s specifications at CSL’s Cochin facilities and are intended to support Svitzer’s global fleet…

ADNOC Logistics & Services (L&S) said it has taken delivery of Al Sadaf, the fourth of six new-build LNG carriers ordered from China’s Jiangnan Shipyard, as the company accelerates a major fleet expansion and modernization program to support growing global demand for lower-carbon energy transport.The 175,000-cubic-metre vessel, which is more than 25% larger than earlier ADNOC LNG carrier models, was delivered on schedule and will begin its first commercial voyage immediately.ADNOC…

Japan’s NYK has ordered a next-generation car carrier equipped with advanced marine digital-transformation (DX) systems aimed at improving navigational safety, reducing crew workload and enhancing operational efficiency.The vessel, which will measure 199.95 meters in length with a beam of 38 meters, is scheduled for delivery on March 31, 2026, from Shinkai Toyohashi Shipbuilding.NYK said the newbuild will feature an autonomous navigation system, a large-motion mitigation system designed to limit rolling that could shift vehicle cargo…

Babcock has marked two major milestones at its Rosyth shipyard in Scotland as the keel was laid for HMS Formidable, the third ship in the UK’s Type 31 frigate program, and the company announced an expanded partnership with U.S. defense contractor HII to support construction of Virginia-class submarines.The keel laying signals continued progress on the Type 31 program, under which five frigates are due for delivery to the Royal Navy within 10 years of contract signing. The ceremony saw the first modular section of the ship positioned over a coin…

Marine engineering firm Birdon operates across Australia and the United States, delivering complex programs on a global scale. With distributed teams, tight production schedules, and increasing demands for accuracy and efficiency, the company needed more than generic software: they needed shipbuilding technology built for real-world workflows.By partnering with SSI and standardizing on ShipConstructor, Birdon has been able to:• Tailor software to its unique build processes and…

The Coast Guard authenticated the keel for the future Coast Guard Cutter Pickering during a ceremony Monday in Mobile, Alabama. Keel authentication is a time-honored shipbuilding tradition marking the formal start of a vessel’s construction. During the ceremony, the sponsor’s initials are applied to a ceremonial keel plate that will be installed on the cutter, symbolically indicating the keel is “truly and fairly laid.” Adm. Kevin Lunday, acting commandant of the Coast Guard, attended the event along with Rep.

Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore service fleet to be future-ready for both the offshore wind and petro-energy sector demands for broadly capable marine support vessels.Originally built by ESG as an offshore supply vessel, HOS Rocinante unerwent extensive conversion at ESG’s Allanton and Port St Joe Shipyards in Panama City…

Dong Fang Offshore (DFO), one of Asia’s largest offshore wind service providers, has signed a major shipbuilding contract with Norwegian yard Westcon for a new subsea and cable lay vessel (CLV), set for delivery in 2027.Westcon will take over and complete construction of a large cable lay vessel already under build.DFO said the order supports its recent growth and replaces installation capacity lost in Taiwan after DeepOcean exercised an option to keep the Orient Adventurer working in Europe until 2028…

Washington Governor Bob Ferguson selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new Washington State Ferries (WSF) vessels earlier this year, and the project is advancing with new contract awards.The hybrid/electric vessels have a length overall of 409’-6” with an 83’-2” beam and a hull depth of 24’-6”. They will be certified to transport 160 standard-sized passenger vehicles and 1500 passengers. With a draft of 16’-6”, the ferries…

HD Hyundai has signed a strategic partnership with the Tamil Nadu state government regarding the establishment of a new shipyard in India.The Indian government is strategically pursuing the "Maritime Amrit Kaal Vision 2047" to become one of the world's top five shipbuilding and shipping nations. To achieve this goal, the government is actively reviewing the expansion of existing shipyards and the establishment of new facilities.The Indian government has shortlisted five states—including Tamil Nadu…

December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.70/barrel (expected to breach USD 60/barrel in the coming week) and inflation reported minor improvements…

Mitsubishi Shipbuilding Co., Ltd., part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Steel Corporation have received the world’s first General Design Approval (GDA) from ClassNK for a breakthrough tank technology that enables the manufacture of large low-pressure liquefied CO₂ (LCO₂) cargo tanks without post-weld heat treatment (PWHT). The achievement marks a significant step toward scaling up CO₂ transport capacity to support global carbon capture, utilization and storage…

Conrad Shipyard and Samsung Heavy Industries have agreed to a collaborative framework to jointly explore opportunities in the rapidly expanding U.S. LNG bunkering market.Under the agreement, Conrad and SHI will work together to evaluate and pursue technical, commercial, and market-based initiatives that support the design, construction, and deployment of LNG bunkering vessels tailored for U.S. regulatory and operational requirements.Conrad’s extensive experience navigating regulatory requirements associated with LNG bunkering vessel design…

Arab Shipbuilding and Repair Yard (ASRY) has signed important agreements with leading Italian companies Fincantieri and Roboze to boost collaboration in shipbuilding and repair and establish the Kingdom of Bahrain’s first smart plant dedicated to additive manufacturing.ASRY signed a partnership agreement with Fincantieri to jointly assess opportunities for the design and construction of surface naval vessels up to 80 meters in length for domestic use by the Navy and the Coast Guard.The partnership agreement will also explore the design and construction of similar-sized offshore units…

Schottel is supplying propulsion systems and a unique control concept for barges and tugs serving at Mineral Resources’ (MinRes) Onslow Iron project.All seven barges and two of the project's seven tugs are newbuilds being constructed by COSCO Shipping Heavy Industry in Zhoushan and Guangdong, China. Five barges have already commenced operations at the Port of Ashburton (Western Australia), with the final units scheduled for delivery in 2026. The two tugs are also scheduled to be delivered in 2026.Jeff Weber…

Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020. Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet.“Contracting has likely eased due to a cloudy market outlook,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The number of ships contracted has seen an even steeper decline, down 61% y/y so far in 2025. Only 281 ships have been ordered, the lowest number since 2016.

Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2, following a naming ceremony at Hanwha Ocean’s shipyard in Korea.Wind Mover is the second of two WTIVs ordered by Cadeler in 2021, with the first vessel, Wind Maker, delivered in January 2025.

Italy’s Fincantieri and Bahrain’s Arab Shipbuilding & Repair Yard (ASRY) signed an industrial cooperation agreement to explore joint opportunities in naval and offshore vessel construction and maintenance.Under the agreement, the two companies will assess cooperation on designing and building surface military vessels up to 80 meters for the Bahrain Navy and Coast Guard, and offshore vessels of similar size. The partnership will also cover potential export contracts across the Gulf region.The companies plan to cooperate on maintenance…

On December 3, a joint venture company comprising NYK, Kawasaki Kisen Kaisha, MISC, and China LNG Shipping (Holdings) Limited held a naming ceremony for two new 174,000cbm LNG carriers for QatarEnergy.The ceremony was held at HD Hyundai Heavy Industries in South Korea. One vessel was named “Sharq” after an area east of Doha, Qatar’s capital, while the other was dubbed “Shra’ouh” after a Qatari island.The two vessels will be the seventh and eighth of 12 new LNG carriers ordered by the joint venture company for QatarEnergy, the world’s largest LNG providers.

Saronic has announced a $300 million investment to expand its Franklin, Louisiana shipyard.Supported by close partnerships with Louisiana Economic Development, St. Mary Parish, and other state and local officials, Saronic is expanding its facility to meet surging demand for its autonomous ships.As part of the shipyard expansion, Saronic will construct three new slips, expand its warehouse, and develop a dedicated production line for large-vessel assembly — namely Marauder, the company’s 180-foot autonomous ship.

ClassNK has issued an Approval in Principle (AiP) for Spray form insulation system of IMO Type B tank for LNG and ammonia fuel developed by Nihon Shipyard and Hankuk Carbon.The certification demonstrates its feasibility from regulatory and safety perspectives.Traditionally, IMO Type C tanks have been the mainstream choice for LNG-fueled ships due to their advantages in productivity and cost. Meanwhile, for the large-capacity fuel tanks required on large container ships and ammonia-fueled vessels…

Silverstream Technologies will supply air lubrication systems for nine RoPax newbuildings contracted by the Grimaldi Group at China Merchants Industry Weihai Shipyard.The latest order, which includes four vessels for Grimaldi Lines, a pair for Minoan Lines and three ships for Finnlines, is the largest RoPax order awarded to Silverstream and builds on the 15 cumulative in-service years of its system's operation across the Grimaldi fleet.The Minoan Lines’ vessels are the first Greek…

DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700 TEU ammonia-dual fueled ultra-large container ship design.The AiP is another milestone in the development of next-generation, zero-carbon mainline container shipping.The proposed 21,700 TEU container ship integrates the latest-generation of ammonia dual-fuel main engines alongside oversized C-type ammonia tanks.The hull design, with a new vertical bow…

DNV has awarded Jiangnan Shipyard an Approval in Principle (AiP) for its Jiangnan Intelligent System JNIS (DATA) under the D-INF(S) class notation. Jiangnan received the recognition for their standardized onboard data platform which is aligned with ISO 19847 and ISO 19848.The accelerating digital transformation of the maritime industry depends on trusted, high-quality data collected systematically from sensors, control systems, and other onboard sources. But as vessels generate increasingly large and complex datasets, the reliability and consistency of this data is critical.

International shipbroker IFCHOR-Galbraiths (IG) has entered into a definitive agreement to acquire Brazilian dry bulk shipbroker Aries Shipping. Founded in 2005, Aries Shipping is a Rio de Janeiro based firm led by Marcela Rosman and Bruna Moraes.This move follows IG’s launch of a Houston desk dedicated to the US Jones Act tanker market and forms part of a broader strategy to expand its global footprint by establishing very experienced local teams in high-growth regions. South America is a growing market for commodities trading…

Facility will include 150,000 square feet of covered manufacturing space optimized for serial productionNew yard will support 200 new jobs and expands shipbuilding capacity Master Boat Builders announced plans to build a new $60 million, 150,000 sq ft manufacturing facility dedicated exclusively to government and defense shipbuilding programs. The new 20-acre site is located directly across Bayou Coden from the company’s existing yard.“This new facility is about building more capability here at home,” said Garrett Rice, President, Master Boat Builders.

A consortium led by UK unmanned vessel developer ACUA Ocean has secured government support to develop a new 145-foot uncrewed offshore support vessel, aiming to scale up autonomous operations for offshore energy, logistics and surveillance.The Project MROS consortium, which includes Houlder, Ad Hoc Marine Designs, Trident Marine and the University of Southampton, received funding earlier this year under the UK Department for Transport’s Clean Maritime Demonstration Competition.

Fincantieri has signed a memorandum of understanding with Italy’s metalworker unions to establish a new framework governing its production model and supply-chain contracting system, marking the conclusion of a process launched at the beginning of 2025.The agreement was signed with national representatives of FIM, FIOM and UILM and the union coordination executive. It aims to modernize procurement and strengthen workplace protections as the shipbuilder expands recruitment and accelerates…

ABB has secured an order with Washington State Ferries (WSF), the United States’ largest ferry operator, to supply and integrate hybrid-electric propulsion systems for two hybrid-electric 160-auto ferries.With the first two ships scheduled for delivery from Eastern Shipbuilding Group, one apiece in 2030 and 2031, the contract also includes an option for a third ferry. WSF has previously announced plans to build up to 16 ships by the end of 2040, as part of a ferry electrification program targeting lower emissions.ABB will supply and integrate end-to-end systems including power distribution…

Global market chaos continues post-Thanksgiving, reports cash buyer GMS. “Steel plate prices were the highlight of the entire sub-continent—and even China—where they unanimously retreated in unison this week, while the U.S. Dollar also decided to join in on the fun as it too retreated at all sub-continent locations (except—no surprise—Turkey).“Making matters worse are the rising freight markets that continue to surprise the industry, as the Baltic Exchange’s Dry Index climbed another 3.2% through the course of the week…

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries group, Imabari Shipbuilding Co., Ltd., "K" LINE, MOL, NYK Line, JMU, and NSY have concluded a Memorandum of Understanding (MoU) to establish a standard design framework to efficiently develop and carry out the initial design of liquefied CO2 (LCO2) carriers and next generation alternative fuel ships utilizing decarbonization technologies (such as ammonia fuel). MILES Co., Ltd. (formerly known as MI LNG Company)…

Seatrium has issued a notice of arbitration against an affiliate of Maersk Offshore Wind, escalating a dispute over the termination of a contract for a wind turbine installation vessel (WTIV) intended for the Empire Wind 1 project in the United States.The move follows a notice of arbitration delivered by the buyer on October 21, one day after Seatrium notified the buyer that the vessel would be ready for delivery by January 30, 2026. The dispute will be heard in London under the…

Strategic Marine has delivered two 42-metre next-generation fast crew boats to NMDC LTS, marking the company’s first vessel delivery to the Middle East offshore services provider.The Generation 4 aluminium vessels were developed in partnership with Prima Marine of Thailand and designed with Southerly Designs to support offshore operations across the region. Strategic Marine said the delivery strengthens its growing footprint in the Middle East market.The fast crew boats feature a high-efficiency hull form, hybrid-ready systems and a reinforced cargo deck.

Damen Shipyards Group has launched an Island Class ferry for Canada’s BC Ferries at Damen Shipyards Galati in Romania.The launch follows another key moment in October when the yard undertook the grand block assembly of Island Class 10. Both vessels form part of an order for four ferries, following the earlier deliveries of Island Class vessels 1-6 between 2019 and 2021.The four ferries currently under construction are based on the Damen 8117 (E3) Electric Ferry design. Damen is constructing the vessels to be fully electric-ready.

This week, container ship ordering news was dominated by the order by Hyundai Merchant Marine (HMM) for eight 13,400 TEU container ships.In a newly released report, the International Federation of Freight Forwarders Associations (FIATA) notes that the container fleet is aging. As of August 2025, the average fleet age of the top 10 shipping lines is relatively mature at around 13 years old, although there is variation amongst the different shipping companies. Evergreen and HMM currently operate the youngest fleet with an average age of nine years…

South Korean police and Labour Ministry officials raided on Thursday the shipyard of Hanwha Ocean in Geoje in the southeast of the country after the death of a worker, the Yonhap News Agency reported.A spokesperson for Hanwha Ocean said in a text message that company officials were "cooperating with the investigation as much as possible."A spokesperson at the Labour Ministry was not immediately available for comment.(Reuters - Reporting by Heejin Kim; Editing by Ed Davies)

Prime Green Recyclers has become the first ship recycling yard in Pakistan to achieve full compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.Bureau Veritas issued the Statement of Compliance on November 24.Prime Green Recyclers’ certification marks a new stage for Pakistan’s recycling capacity. The country has long been one of the world’s major destinations for end-of-life tonnage, yet it had no yard meeting the Convention’s requirements.

Windcat, part of CMB.TECH, has signed a contract with Damen Shipyards to build a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with options for five additional units.To be known as the Innovation Series, the new class of offshore support vessels will combine a large open deck, subsea crane capability and fuel-efficient operations with accommodation for personnel working offshore for extended periods.Construction of the first MP-ASV is scheduled to begin in February 2026 at Damen’s Ha Long Shipyard in Vietnam, with delivery planned for 2028.

Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift follows the Navy’s overhaul of its force-structure plans and aligns with new priorities aimed at accelerating next-generation ship designs and revitalizing segments such as icebreakers, amphibious platforms and special-mission vessels.Fincantieri…

Performance Shipping reported its third-quarter financial results for 2025, highlighting solid fleet performance amidst softer market conditions.For the three months ending September 30, 2025, the company posted net income of $3.9 million, a decrease from $12.4 million in the same period in 2024. This drop was primarily driven by reduced time-charter equivalent (TCE) rates and a decrease in available fleet days due to the scheduled drydocking of its Aframax tanker, M/T P. Aliki.

GONDAN signed a contract with Norwegian shipowner Østensjø Rederi to build a state-of-the-art offshore tugboat, which will be the most powerful in its tugboat fleet. Delivery of the vessel, whose operation will be guaranteed by PYMAR, is scheduled for the first quarter of 2028.Measuring 50 x 17 m with a bollard pull of 150 tons, the new tugboat is designed to handle the most demanding offshore operations, combining great thrust capacity, manoeuvrability, and precision, thanks to the DP-2 dynamic positioning system.

MacGregor has secured a contract to deliver a newly developed high-performance lightweight 165-tonne active heave compensated (AHC) crane to Hong Hua Yard in China for the vessel owner Atlantic Navigation.Equipment delivery is scheduled for completion by the second quarter of 2027, with an option included for one additional crane.The scope of supply includes the complete delivery of a modern 165-tonne AHC crane to be installed on a 90-metre construction support offshore vessel…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply a range of solutions for a new LNG Bunkering Vessel built at the Jiangnan Shipyard in China for Shanghai International Port Group (SIPG) Energy Shanghai Co.The scope includes the cargo handling system, the fuel gas supply system, and a boil-off gas reliquefication system (Compact Reliq - CRS). The systems are fully integrated to ensure optimal efficiency.The Wärtsilä equipment is scheduled for delivery to the yard during 2026…

Lighting specialist Glamox has secured a contract to supply exterior marine LED lighting for four Offshore Construction Vessels (OCVs) commissioned by shipping company Seatankers.These highly versatile vessels can support all manner of offshore construction projects, from the construction and maintenance of offshore wind farms to the installation of subsea infrastructure and much more.Glamox is delivering a comprehensive package of exterior marine-certified LED lights for all four vessels.

This has been a disastrous week for nearly all the key indicators tracked by cash buyer GMS, says the company, including the state of oil futures, freight rates, local steel plate prices, and disastrous currency devaluations (especially in India).“To start, oil found itself slipping rather shockingly as it fell to USD 57.68/barrel – a total drop of over 6% in the last month and over 16% lower than the same time last year," says GMS. “At the same time, governments in the U.S. continue…

Fairbanks Morse Defense (FMD) entered into an agreement with IMI plc, to acquire its Birmingham, UK-based Truflo Marine business, a provider of mission-critical valves and actuators.This acquisition will complement FMD’s existing build-to-print capabilities, strengthening its portfolio of high-endurance, severe-duty valves and components. Truflo Marine is located in Birmingham UK and are 270 employees strong. Truflo Marine brings a global presence and specialized expertise that complements FMD’s existing portfolio of engines, motors, valves, ventilation, and water treatment systems.

European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas visited Fincantieri’s Monfalcone shipyard, underscoring the facility’s growing strategic importance as Europe prepares a new Maritime Industrial Strategy for 2026.During the visit, Fincantieri leadership showcased the yard’s capabilities in building highly complex, high-value vessels and outlined ongoing investments in digitalization, sustainability, and advanced manufacturing. Executives—including…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.They will be equipped with LNG dual-fuel engines and a significantly enlarged fuel tank, expanded by approximately 50%, to enhance operational efficiency.Of the eight vessels…

The U.K. and Indonesia have agreed a $5.23 billion (£4 billion) maritime deal that will secure around 1,000 jobs in Britain and strengthen defense and security cooperation in the Indo-Pacific.The new Maritime Partnership Programme, led by British defense firm Babcock, will see both countries jointly develop maritime capability for Indonesia’s navy and build more than 1,000 vessels for its fishing fleet to support food security.The vessels will be built in Indonesia using British shipbuilding expertise…

MISC Group said has signed shipbuilding contracts for two LNG dual-fuel Suezmax tankers through its petroleum and product shipping arm AET, marking a further step in its fleet renewal and energy transition strategy.The vessels will operate under long-term time charter party agreements, which the company said will strengthen financial resilience and support disciplined growth. The additions expand MISC’s global dual-fuel fleet, giving the group dual-fuel capability across all tanker segments it operates…

Mavrik Marine, Inc. was selected to build high-speed passenger ferries for the Golden Gate Bridge Highway & Transportation District. Mavrik will construct catamaran passenger ferries as part of the District’s eight vessel Lima Class Ferry Replacement Program to provide transportation services in San Francisco Bay.The 50-m aluminum ferries specifications and systems were developed by Aurora Marine Design in San Diego with structural design from One2Three Naval Architects in Australia. Construction will begin immediately at Mavrik’s facility in La Conner, WA.

Tsuneishi Kure has completed refurbishment work on the No.2 Floating Dock at its Wakaba Works, with the renewed facility entering service in November 2025. The upgrade addresses ageing infrastructure while reinforcing the company’s long-standing commitment to delivering safe, reliable and high-quality ship repair services to domestic and international customers.For decades,Tsuneishi Kure has supported the global maritime industry through repair work on a wide variety of vessels.

Royal T Shipyards christened and launched tha diesel-electric MV Vertom Quina, the tenth vessel in the LABRAX series for Vertom. “The launch of MV Vertom Quina is a truly special moment,” said CEO Thecla Bodewes. “Not only does it reflect the strong and long-standing partnership between Royal T Shipyards and Vertom, but it also represents the tenth vessel in a series that embodies our commitment to innovation, sustainability, and high-quality craftsmanship. This milestone is a…

More than 200 guests attended the official naming ceremony of Stena Line’s newest vessel, Stena Futura, at Belfast Harbour. The 147-mhybrid freight ferry Stena Futura is the first of two next-generation “NewMax” freight vessels purpose-built for the busy Belfast–Heysham route. The ship is methanol-ready and equipped with hybrid propulsion systems, including battery capability and shore power connectivity. These innovations will help Stena Line achieve its goal of reducing CO₂ emissions by 30% by 2030.The naming ceremony was carried out by the ship’s Godmother…

Freire Shipyard has celebrated the keel laying of the new flagship research vessel for the Danmarks Tekniske Universitet (DTU -Technical University of Denmark). Measuring 70 meters length and 16 meters beam, with accommodation for 38 people, the Dana V is set to become a world-class platform for research and education.Successor to the Dana IV, the Dana V was designed by the Knud E. Hansen A/Sconsortium, Odense Maritime Technology A/S and Naval Architects, with environmental sustainability at its core.

Finnish propulsion specialist Steerprop has been selected to supply a complete propulsion package—including the largest ducted propulsors ever produced by the company—for a new rock installation vessel ordered by Jan De Nul.The heavy-duty vessel, the third of its kind in Jan De Nul’s fleet, is designed primarily to work in the offshore energy sector, installing rock to protect cables on the seabed. To meet the demanding operational profile, the propulsion system must provide exceptional power and reliability—capable of propelling a vessel of up to 37…

Timo Alho's doctoral dissertation at the University of Vaasa, Finland, introduces a pioneering power management strategy that prevents ship blackouts.In Alho's management principle, the vessel's electrical equipment is capable of independently supporting the ship's grid without centralized commands. This makes the vessel's power systems significantly more fault-tolerant than before.The maritime industry's green transition is driving vessels towards modern direct current (DC) networks, but the control strategies for them have lagged behind.

Genco Shipping & Trading, the largest U.S. headquartered dry bulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million.Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility.John C. Wobensmith, Chairman and Chief Executive Officer…

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%, although two vessels were temporarily out of service for scheduled yard work.

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, each currently under construction at South Korea's Daehan Shipbuilding Co., Ltd., each from an unrelated third-party seller, for an acquisition price of $97 million per vessel.

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, exceeds the rigorous operational demands of one of the busiest pilotage services in the U.S.

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 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 314,000 square meters of land, waterfront, and existing infrastructure within the Ancona port complex.

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, coupled with an advanced powertrain, is designed to significantly reduce carbon emissions compared to traditional diesel propulsion barges.

“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 68.7m tonnes have been contracted and the order book now contains 309 ships totalling 65.8m deadweight tonnes (DWT).The three largest shipbuilding nations in the world…

NGO Shipbreaking Platform, in collaboration with Sandbag - Smarter Climate Policy and the University of Tuscia, publishes a report on the role of scrap steel from end-of-life ships in the decarbonization efforts of the European steel industry.Steel is one of the critical elements of Europe’s industrial strategy. To achieve the European Union’s climate targets, the steel industry must rapidly shift from carbon‑intensive blast furnace steelmaking to low‑carbon electric arc furnace technology, which can incorporate high amounts of scrap steel.

In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S. and its allies will need to compete on tomorrow’s seas.Saronic Technology’s ambition is staggering: a vertically integrated…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract to build two liquefied natural gas (LNG) carriers for a North American shipowner.The order is valued at 741.2 billion won (about $507 million), HD KSOE said.The vessels will be constructed by HD Hyundai Samho and are scheduled for delivery in 2028.According to the contract details, the shipbuilding period runs through November 30, 2028.The order covers two LNG carriers, reflecting continued demand for high-specification LNG transport capacity amid global gas market expansion.

Ship recycling market economies face an increasingly precariously future, reports cash buyer GMS.“While the Baltic Exchange Dry Index reported gains once again this week on the back of virtually all inclusive sub-sectors reporting improvements of their own through the week, oil futures on the other hand seem to be taking a beating after levels clocked the week out at USD 59.50/barrel after Ukraine successfully carried out a massive drone attack against Russia’s largest oil refinery located at Novorossiysk. The U.S.

The U.S. Navy needs to dramatically increase the fleet, especially submarines, but the available pool of skilled workers is not keeping pace.Submarine construction is ramping up. The Navy continues to build Virginia-class submarines, striving for two per year, and is gearing up build the new Columbia-class of nuclear-powered ballistic missile submarines. At the same time, the industry needs to support the ambitious Australia-U.S.-U.K. AUKUS program to make the Royal Australian Navy a nuclear submarine navy.Qualified workers are not only needed to build submarines…

Sanmar Shipyards has delivered its ninth tugboat to global marine services provider P&O Maritime Logistics.P&O took deliver of its first Sanmar-built tugboat in 2013. Since then, Sanmar has delivered eight more tugs that have gone on to serve in ports around the world.The latest vessel has been named AL FATH by its new owners.Based on the RAmparts 2200 design developed by Canadian naval architects Robert Allan Ltd., the Sırapınar Class are compact sister vessels to Sanmar’s Boğacay Class tugs.

Dutch towage and salvage company Multraship has welcomed its latest high-performance tug, MULTRATUG 30, built by Sanmar Shipyards.The 80-ton bollard pull vessel will operate with Bourgas Tug Service, Multraship’s Bulgarian subsidiary, boosting the company’s capacity for harbor and offshore towage in the region, while also strengthening its capabilities in salvage and emergency response.The new tug was christened on Friday, November 14, at the Passenger Terminal in Bourgas by Miglena Pendjuroff…

The hull of the Nexans Electra cable laying vessel (CLV) was launched from the dock hall at Ulstein Verft, marking a major milestone in the vessel’s journey towards completion.The hull has been constructed in a roofed, controlled environment at the Norwegian yard, enabling optimal conditions for precision painting and work quality.With the launch, which took place on November 13, 2025, the vessel moves from the dock hall to the outfitting quay, progressing toward its role in supporting…

MPC Container Ships (MPCC) has entered into contracts with Jiangsu Hantong Ship Heavy Industry in China for the construction of four 4,500 TEU container vessels, scheduled for delivery starting first half of 2028.The contract price per vessel is $58 million and the agreement includes options for two additional vessels at the same price.Each vessel will operate under a 10-year time charter, with extension options, for a leading global liner company.The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network…

Conrad Industries, Inc. announced its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income of $15.2 million and earnings per diluted share of $3.02 for the nine months ended September 30…

Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home.Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising demand amid the global boom in artificial intelligence, as part of the parent group's 450 trillion won ($310.79 billion) investments at home over the next five years…

The United States dredging industry stands as one of the most competitive, efficient, and strategically vital sectors of the maritime economy. As part of the Jones Act fleet—the original Build America, Buy America industry — it not only strengthens our ports and waterways but also anchors thousands of middle-class jobs, spurs shipbuilding across the Gulf and East Coasts, and delivers exceptional value for taxpayers.The last several years have ushered in a quiet renaissance. Dredging firms large and small are modernizing their fleets, expanding capacity, and deepening critical U.S.

Mitsubishi Shipbuilding delivered the large car ferry KEYAKI, built for Shin Nihonkai Ferry Co., Ltd. and Japan Railway Construction, Transport and Technology Agency (JRTT), at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture on the November 11, 2025. The new ferry will serve on a shipping route between the cities of Otaru in Hokkaido and Maizuru in Kyoto Prefecture.KEYAKI is the first ferry in Japan to adopt the latest energy-saving hull form, including a Katana Bow and buttock-flow stern hull with ducktail.

The October delay at IMO of its Net Zero Framework continues to spark debate, and enthusiasm, about net zero fuel choices, including what LNG’s role should be.Debate is expected to continue too, as shipowners face a more complicated regulatory landscape now. Despite the uncertainty created by the delay, regulations continue to force emissions reductions, including existing IMO regulations such as CII and regional regulation such as FuelEU.With the number of dual-fuel LNG ships being ordered higher than methanol or ammonia alternatives…

Seaspan Shipyards has officially delivered the Offshore Oceanographic Science Vessel (OOSV), CCGS Naalak Nappaaluk, to the Canadian Coast Guard (CCG).The OOSV is the fourth large vessel, and second class of ship, to be built and delivered by Seaspan under the National Shipbuilding Strategy (NSS).CCGS Naalak Nappaaluk is named after a well-respected elder from Nunavik who was a renowned promoter of Inuit language and culture.The ship will replace CCGS Hudson, which was decommissioned…

The William E. Moran has entered service in New York, bringing enhanced capability and performance to Moran’s evolving fleet. As the first vessel in the company’s next-generation class, it is purpose-built to meet the demands of modern port operations, support evolving customer needs, and advance Moran’s goals for safety, efficiency, and environmental responsibility. These next-generation tugs will be among the largest in the fleet, underscoring Moran’s continued focus on delivering safe…

Fincantieri has signed a Memorandum of Understanding (MoU) with KAYO, an Albanian company specializing in strategic industrial infrastructure, to establish a joint venture (JV) for the construction and maintenance of military vessels in Albania.The signing took place during the Italy–Albania Intergovernmental Summit in Rome, chaired by Italian Prime Minister Giorgia Meloni and Albanian Prime Minister Edi Rama, in the presence of Fincantieri CEO Pierroberto Folgiero and KAYO CEO Ardi Veliu.Under the agreement…

“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak, leading to a build-up of portside inventories which reached an eight-month high in week 45,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The recent uptick in Chinese purchasing appears to be driven by expectations of increased public spending and a rebound in manufacturing activity, as indicated by China’s Caixin PMI.

Eastern Shipbuilding Group launched the vehicle-passenger ferry FALCON, being constructed for the Fisher Island Community Association (FICA).The  ferry is designed to meet the unique needs of the Fisher Island route, combining enhanced vehicle capacity and passenger comfort with ESG’s proven vessel-construction expertise. FALCON is scheduled for delivery in Spring 2026 and is being constructed at ESG’s Allanton facility in Panama City, Florida.“Completing the launch ahead of schedule speaks volumes about the talent and commitment of our workforce.

McAllister Towing’s newest tractor tug, the Gerard McAllister, has arrived in the Port of New York.American made at Washburn & Doughty, the tug is the fifth in a series of six 84-metric-ton bollard pull, low-emission tractor tugs. She is McAllister’s 42nd tractor tug and the 13th with over 80 metric tons of bollard pull.Driven by 6,770 horsepower in her CAT engines, the Gerard McAllister is built to handle the largest ships arriving on the U.S. East Coast. She joins her sister vessel…

McAllister Towing’s newest tractor tug, the Gerard McAllister, was delivered from Washburn & Doughty, the fifth in a series of six 84-metric-ton bollard pull, low-emission tractor tugs. She is McAllister’s 42nd tractor tug and the 13th with over 80 metric tons of bollard pull, underscoring the company’s continuation toward a more powerful, hi-tech, and sustainable fleet.Driven by 6,770 horsepower in her CAT engines, the Gerard McAllister is built to handle the largest ships arriving on the U.S. East Coast.

Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.8 million and adjusted EBITDA of $61.2 million, reflecting stable performance despite a sluggish start to the winter LNG shipping season.Fleet activity remained high during the quarter.

Fincantieri reported strong financial and commercial performance through the first nine months of 2025, with revenue up 20% year-over-year to €6.7 billion and EBITDA rising 40% to €461 million. The company’s orderbook surged to record levels, underscoring continued momentum across cruise, naval and specialized vessel programs.The total workload reached €61.1 billion, equivalent to about 7.5 times 2024 revenues, while the firm’s backlog grew 32% to €41 billion. New orders of €16…

Fuel-agnostic and suitable for newbuilds and retrofit, Organic Rankine Cycle waste heat recovery systems are making headway as an energy-efficiency measure.Market prospects are looking so good for waste heat recovery systems that Orcan Energy recently expanded its industry relationships by partnering with Goltens on installations.Andreas Sichert, CEO of Orcan Energy, said: “Waste heat recovery is one of the most powerful and underutilized tools for improving energy efficiency.

Newbuilds expand AET’s dual-fuel fleet to all of its sectors: Aframaxes, Shuttle Tankers, Suezmaxes and Very Large Crude Carriers (VLCCs)AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction of two LNG dual-fuel Suezmax tankers.The vessels will further expand  AET’s growing dual-fuel fleet operating worldwide. With these orders, AET will have dual-fuel capability in all the tanker sectors it operates in – Aframaxes, Shuttle Tankers, Suezmaxes…

Swedish maritime battery systems specialist Echandia has secured an order from ABB to supply a 3.7 MWh battery system for a new hybrid icebreaker vessel for the Canadian Coast Guard to be built at Helsinki Shipyard.The contract marks Echandia’s first entry into the Canadian market and strengthens the company’s global footprint in sustainable maritime propulsion.The icebreaker will operate as a hybrid ship, combining conventional propulsion with advanced battery technology to reduce emissions and improve energy efficiency in demanding Arctic conditions.The order was awarded by ABB…