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Cover image for "US finalises $3.3bn contract for six Arctic Security Cutters"
Industry

US finalises $3.3bn contract for six Arctic Security Cutters

The United States has finalised $3.3bn in contracts for six new Arctic Security Cutters, the Coast Guard's first major new medium-icebreaker fleet in decades. The Department of Homeland Security confirmed a $2.2bn deal…

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Korean shipyard moves closer to revival after nine-year hiatus
Industry

US LNG exports to Europe fall below half as Asia pulls cargoes

For the first time in nearly two years, less than half of US LNG exports went to Europe last month, as stronger Asian prices and record imports by Egypt diverted cargoes, according to ship-tracking data from LSEG. It is…

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Cover image for "SeaBird wins 2D seismic survey contract offshore India"
Industry

SeaBird wins 2D seismic survey contract offshore India

Marine seismic specialist SeaBird Exploration, part of SED Energy Holdings, has won a 2D seismic survey contract offshore India. The company will deploy the Eagle Explorer, expected to begin mobilisation in mid-July, wi…

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Cover image for "DOF lands two-year Equinor extension for Skandi Vega"
Industry

DOF lands two-year Equinor extension for Skandi Vega

Norwegian offshore vessel owner DOF has secured a two-year contract extension for its anchor handling tug supply vessel Skandi Vega. Energy major Equinor exercised options on the 2010-built AHTS, taking the firm charter…

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Cover image for "Wison wins EPCIC deal for Ivory Coast Baleine FPSO"
Industry

Wison wins EPCIC deal for Ivory Coast Baleine FPSO

China's Wison New Energies has signed the EPCIC contract with Eni and Altera Infrastructure for the Baleine Phase 3 FPSO offshore Ivory Coast. The award carries Wison from FEED through EPCIC execution, underlining its e…

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Equinor pulls out of Japan offshore wind market
Industry

Boskalis debuts world's largest rock installation vessel

Boskalis has put the world's largest subsea rock installation vessel into service, sharply raising its capacity in a key offshore-wind support market. The Dutch marine contractor's new Windpiper has a rock-carrying capa…

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Officer shortage risks exceeding 100,000 by 2030
Vessel sales

Indonesian owners give older LNG carriers a second life

Indonesian owners are continuing to buy up older large LNG carriers, giving laid-up ships a second life just as segment values slide. About a month ago brokers flagged MISC's sale of the 158,000 cu m sisters Seri Balhaf…

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Cover image for "Advantage Tankers orders suezmax pair at Samsung"
Vessel sales

Advantage Tankers orders suezmax pair at Samsung

Geneva-based Advantage Tankers has confirmed two suezmax newbuildings at Samsung Heavy Industries. The 157,000 dwt dual-fuel-ready crude tankers Advantage Spirit and Advantage Synergy are listed on the owner's newbuildi…

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Cover image for "France fines shadow-fleet tanker owner EUR 1m over false flag"
Dark fleet

France fines shadow-fleet tanker owner EUR 1m over false flag

French prosecutors have fined the owner of the shadow-fleet tanker Tagor EUR 1m after the vessel was detained in the Atlantic on suspicion of sailing under a false flag. The 2004-built tanker was stopped by French autho…

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IMO and Oman orchestrate phased reopening of Hormuz
Incident

Cargo vessel attacked in Red Sea off Yemen

A cargo vessel came under attack in the Red Sea off Yemen on Sunday, a reminder that the region's maritime security crisis is far from resolved. UK Maritime Trade Operations (UKMTO) said it received a distress alert fro…

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Panama Canal trims vessel draft, reviving memories of the drought crisis
Port activity

Panama Canal tightens neopanamax draught limits again

ño over the watershed in the months ahead. It said lake levels and projections would be monitored, with more adjustments if needed. This is not yet a repeat of the severe 2023-24 drought restrictions that slashed bookin…

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Laden container ship at sea, illustrating China's growing electric and low-carbon cargo fleet
Industry

China's electric cargo ship fleet scales up fast

China is scaling battery-powered shipping faster than anywhere else, moving from pilots into commercial cargo operation, according to new International Council on Clean Transportation (ICCT) data. China had more than 44…

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Laden container ship at a container terminal, illustrating CMA CGM's capacity growth
Industry

CMA CGM set to overtake Maersk as world's #2 boxline

é reported by French daily Les Echos. Saadé expects the Marseille-based carrier to move ahead of its Danish rival within roughly 18 months, though Linerlytica data suggests the switch could come as early as July 2027. T…

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Cover image for "Brittany Ferries axes two Channel routes over €27m carbon bill"
Industry

Brittany Ferries axes two Channel routes over €27m carbon bill

Brittany Ferries is closing two Channel routes and selling two ferries in response to a €27m EU carbon bill, weaker demand and Covid loan repayments.

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Cover image for "Bureau Veritas to sell oil and coal testing arm for €470m"
Industry

Bureau Veritas to sell oil and coal testing arm for €470m

Bureau Veritas is in exclusive talks to sell its oil, coal and petrochemicals testing business to Triton Partners for €470m as part of its LEAP 28 portfolio overhaul.

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Cover image for "WinGD to power Dynacom’s $1.47bn dozen-VLCC order"
Product

WinGD to power Dynacom’s $1.47bn dozen-VLCC order

WinGD will supply main engines for 12 VLCCs ordered by Dynacom at Hudong-Zhonghua for around $1.47bn, as VLCC contracting breaks annual records.

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Cover image for "Danish yard becomes last in Europe servicing Russia’s Arctic LNG fleet"
Dark fleet

Danish yard becomes last in Europe servicing Russia’s Arctic LNG fleet

Denmark’s Fayard has become the last European yard maintaining Russia’s Arc7 icebreaking LNG carriers, ahead of an EU ban on such services from 2027.

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Cover image for "Report says Jones Act waiver handed US cargo to Chinese-linked ships"
Sanctions

Report says Jones Act waiver handed US cargo to Chinese-linked ships

A study of the US Jones Act waiver’s first 60 days found no military justification, available US-flag ships, and heavy use of Chinese-built and Chinese-controlled tonnage.

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Cover image for "Eni takes 32% of Vaca Muerta blocks feeding Argentina LNG"
Industry

Eni takes 32% of Vaca Muerta blocks feeding Argentina LNG

Eni is acquiring a 32% stake in three Vaca Muerta blocks in Argentina, feeding a floating LNG export project targeting 12m tonnes a year.

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Cover image for "Petrobras buys into Equinor’s Itaimbezinho pre-salt block"
Industry

Petrobras buys into Equinor’s Itaimbezinho pre-salt block

Petrobras is acquiring a 50% stake in the Equinor-operated Itaimbezinho pre-salt block in Brazil’s Campos Basin, deepening its push into deepwater production.

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Cover image for "Cosco and Shell seal four LNG carriers at Jiangnan"
Vessel sales

Cosco and Shell seal four LNG carriers at Jiangnan

Cosco Shipping Energy and Shell have contracted four 175,000-cbm LNG carriers at China’s Jiangnan Shipyard, with the ships set to run on long-term charter to Shell.

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Cover image for "SBM Offshore orders seventh Fast4Ward FPSO hull in China"
Product

SBM Offshore orders seventh Fast4Ward FPSO hull in China

SBM Offshore has ordered its seventh generic Fast4Ward FPSO hull from China’s Shanghai Waigaoqiao Shipbuilding, extending its standardised floating-production programme.

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An offshore oil and gas rig and platform at sea
Industry

Brazil clears Subsea7-Saipem merger without conditions

Brazil’s antitrust regulator CADE has approved the proposed merger of Subsea7 and Saipem without conditions, a milestone for the combination of two leading offshore engineering contractors.

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A tanker ship in dry dock for maintenance
Industry

IMCA warns on diver safety as Hormuz reopening drives hull-cleaning surge

The IMCA has warned of high fatality rates in underwater ship husbandry as demand for hull cleaning and inspection surges, with hundreds of vessels returning to service after the Strait of Hormuz reopening.

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Monitoring screens glowing in a ship control room
Industry

GasLog LNG carrier lands industry-first ABS smart maintenance notation

A GasLog LNG carrier has become the first vessel to receive ABS’s SMART (MHM) machinery health monitoring notation combined with the class society’s preventative maintenance programme.

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An offshore oil platform at sea at dusk
Industry

DOF wins TotalEnergies FSO replacement contract

DOF has won a contract from TotalEnergies for subsea construction and mooring work to replace the FSO Unity off Nigeria, in a deal it considers large.

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An oil and gas platform off Norway
Industry

Norwegian offshore unions in last-ditch talks to avert wider strike

Norwegian offshore unions have entered state-mediated wage talks to prevent a wider strike, as a separate service dispute already curbs oil and gas output.

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An offshore drilling rig against a blue sky
Industry

Eldorado-Vantage tie-up underlines offshore drilling consolidation

The completed Eldorado-Vantage merger is the latest in a run of offshore drilling deals, with analysts expecting more targeted rig and distressed-asset acquisitions as contractors chase scale.

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A container ship floating at sea
Industry

China opens first zero-carbon sea-river electric container route

China has launched its first sea-river zero-carbon container route, running a 742 teu battery-electric boxship between Jiaxing and Ningbo-Zhoushan as it scales up electric shipping.

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An LPG gas carrier at sea, aerial view
Vessel sales

Tsakos adds second LNG carrier at HD Hyundai

Tsakos Energy Navigation has ordered a second LNG carrier at HD Hyundai Heavy Industries, lifting its newbuilding programme to 20 vessels as it deepens its push into gas shipping.

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A container terminal with cranes and stacked containers
Industry

CMA CGM buys FedEx Supply Chain in $1.4bn US logistics push

CMA CGM is buying FedEx Supply Chain for $1.4bn, folding it into CEVA Logistics and roughly tripling its North American contract logistics business as it pushes beyond ocean shipping.

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A tanker sailing on the open ocean
Incident

Pirates board and damage tanker off southern Yemen

Armed pirates boarded and damaged a tanker in the Gulf of Aden south of Yemen, the latest in a spate of attacks that has pushed the regional threat assessment to severe.

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A magnifying glass focusing on the Strait of Hormuz on a map
Industry

Hormuz standoff shifts from access to control

Talks between Washington and Tehran remain stuck over control of the Strait of Hormuz, with Iran pushing joint sovereignty and passage fees while a grounded containership is used to press its case.

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A container ship carrying containers at sea, seen from above
Industry

AP Moller Holding buys Ocean Yield from KKR

AP Moller Holding is taking full ownership of Norwegian ship-leasing specialist Ocean Yield from KKR, adding a fleet of more than 70 vessels and a $5bn contracted backlog to its growing maritime portfolio.

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Coast guard patrol vessel (illustration)
Industry

Australia reports 4,174 marine incidents in 2025

AMSA's Marine Incident Annual Report 2025 records 4,174 incidents across the fleet, including four fatalities and 228 injuries on domestic commercial vessels, with operational shortfalls the leading factor.

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Container terminal (illustration)
Industry

Maersk to order 1,000 made-in-India cargo containers

Maersk is set to place a commercial order for 1,000 steel containers with India's DCM Shriram, backing the country's push to break China's near-monopoly on cargo container manufacturing.

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Ship engine control room (illustration)
Industry

ABB to buy Norwegian marine automation specialist Høglund

ABB has agreed to acquire Norwegian marine automation specialist Høglund, whose control systems are installed on more than 600 vessels, for its Marine & Ports division.

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Ship transiting the Suez Canal (illustration)
Industry

El-Sisi reviews Suez Canal rates and marine unit manufacturing

President El-Sisi has reviewed Suez Canal navigation rates and Egypt's local marine manufacturing drive, as canal revenues rose 18.5% in the first half of the 2025/26 fiscal year.

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Floating solar installation (illustration)
Industry

SolarDuck and MARIN win $3.6m for offshore floating power hub

SolarDuck and MARIN have won a $3.6m Dutch subsidy for the Steady Seas program to advance an offshore floating power hub for remote offshore and subsea assets.

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US Coast Guard cutter (illustration)
Industry

Bordelon Marine to provide commercial support vessel for US Coast Guard

The US Coast Guard has awarded Bordelon Marine a contract for a commercial support vessel to deliver supplies and personnel to cutters operating in the Caribbean, the Gulf and other areas under its HSC-Ocean initiative.

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General cargo ship at anchor (illustration)
Industry

Somalia joins 15 maritime conventions

Somalia has acceded to 15 international maritime conventions in a push to tighten its legal framework across ship safety, navigation, pollution response and maritime security.

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Hydrofoil passenger boat (illustration)
Product

Artemis launches world-first electric hydrofoil pilot boat

Artemis Technologies has launched what it says is the world's first fully electric hydrofoil pilot boat, the 12-metre EF-12 Pilot, now undergoing sea trials ahead of customer deliveries.

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Bulk carrier at a terminal (illustration)
Industry

Vitol sails stranded aluminium cargo out of Strait of Hormuz

Vitol has shipped a stranded cargo of about 35,000 tonnes of aluminium out of the Strait of Hormuz, an early sign of normalising trade flows after months of disruption.

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Crude oil tanker (illustration)
Dark fleet

France brings detained Deliver tanker to Marseille in flag probe

France has brought the detained tanker Deliver to an anchorage near Marseille for a prosecutor-led investigation into an alleged flag offence, part of a wider European crackdown on shadow-fleet tankers.

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Trailing suction hopper dredger (illustration)
Vessel sales

DEME orders new 22,000 m3 trailing suction hopper dredger

DEME is strengthening its dredging fleet with the order of a new 22,000 m3 trailing suction hopper dredger, aimed at higher productivity and lower greenhouse gas intensity per dredged cubic metre.

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Autonomous offshore survey vessel (illustration)
Industry

Oceaneering lines up six months of offshore survey work

Oceaneering International has secured about six months of multi-discipline offshore survey work for its Ocean Intervention II vessel, spanning Trinidad and the US Gulf of Mexico.

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Offshore wind turbines (illustration)
Industry

Aker Solutions lands European offshore wind substation deal

Aker Solutions has won a substantial EPC contract to deliver an HVDC substructure for a European offshore wind project, worth an estimated NOK 2.5bn to 4bn.

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Semi-submersible drilling rig (illustration)
Industry

Equinor hands Transocean $1bn Norwegian rig deal

Transocean has agreed to deploy three harsh-environment semisubmersible rigs for Equinor on the Norwegian shelf, adding over $1bn in backlog across seven rig years.

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