Shipbuilding News

Two OFAC-sanctioned VLCCs remain stranded outside Bangladeshi waters with no prospects of a final resting place, reports cash buyer GMS, and this is now seeing cash buyers and ship recyclers being vigilant in their due diligence prior to negotiating on units.There are reportedly still a few more units in cash buyer hands that are waiting to be introduced for a recycling resale. However, given the fate that the behemoth duo has run into outside Bangladesh, it remains to be seen how these pending and even future dealings with candidates from sanctioned source(s) will eventually transpire…

Fincantieri has held a keel laying ceremony for Seven Seas Prestige, the ultra-luxury cruise ship being built for Regent Seven Seas Cruises.The keel laying ceremony took place at Fincantieri’s shipyard in Marghera, in Venice.Seven Seas Prestige is the first of two next-generation ultra-luxury cruise ships for Regent Seven Seas Cruises, owned by Norwegian Cruise Line Holdings.The vessel is scheduled for delivery in 2026.During the event, three specially chosen coins were welded…

The popularity of ammonia as a fuel for shipping is likely to benefit from a growing number of green ammonia production projects. Shipowner confidence in the availability of ammonia was displayed this week by Belgian oil tanker group CMB.TECH and charterers Mitsui O.S.K. Lines and MOL Chemical Tankers as they signed deals for nine ammonia-powered bulk carriers and chemical tankers.Green hydrogen and ammonia projects around the world have advanced over the last few weeks. Last week…

Knutsen NYK Carbon Carriers (KNCC), a subsidiary of NYK and Knutsen Group, has obtained Approval in Principle (AiP) from ClassNK for the design of liquified CO2 carriers that stores and transports liquefied carbon dioxide (LCO2) at ambient temperature but elevated pressure.The new carrier uses cargo tank technology developed by KNCC to transport LCO2 in a stable state. Since there is no need to cool the LCO2 to cryogenic temperatures, it is easy to handle and potentially reduces energy and costs during liquefaction.NYK…

Secretary General of the International Chamber of Shipping (ICS), Guy Platten, testified before the U.S. Trade Representative Section 301 Committee in Washington, D.C., regarding concerns around potential unintended consequences that could result from the proposed remedies following the Committee’s investigation into China’s maritime logistics and shipbuilding. The public hearing took place over two days, Monday, March 24, and Wednesday, March 26, 2025, with over 60 witnesses delivering testimonies in person.The International Chamber of Shipping (ICS) supports the goal of strengthening U.S.

Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.The proposed fees on China-built vessels could top $3 million per U.S. port call.The administration says the fees would curb China's commercial and military dominance on the high seas and promote a U.S.

With your first steps as a cadet onto the Maritime Academy campus, your first union dues payment or first line thrown ashore from the tug, you are lectured on the importance of the “Jones Act”. A constant reminder throughout a US Seafarer’s career of commitment, loyalty and support for the legislation. All in the name of National Security, US Job protection and the advancement of the US Flag Merchant Marine. It is a massive and expensive lobbying effort witnessed throughout generations at sea. The effort has been historically successful.

Danish offshore wind installation firm Cadeler has taken delivery of its latest jack-up wind turbine installation vessel (WTIV), Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion.Delivered safely, on time, and within budget, Wind Pace has become the seventh vessel in Cadeler’s growing portfolio of wind turbine installation vessels.Wind Pace was officially named at a ceremony on the March 12, 2025, at the COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong, China, where it was built.After the delivery, Wind Pace will be deployed in the U.S.

DNV is inviting feedback on its newly-released Recommended Practice (RP) to assess the performance of wind-assisted propulsion systems (WAPS).The new RP has been developed to provide a basis for reliably determining the ability of different technologies to deliver efficiency gains when installed onboard.Johanna Tranell, WAPS Performance Assessment Lead at DNV Maritime, says the new RP establishes a practical, reliable standard that helps generate transparent, verifiable data,…

HII’s Ingalls Shipbuilding division has launched the future USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer to be built at the shipyard.DDG 129 is named for former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war. Following his Navy career, he was elected to the U.S. Senate representing his home state of Alabama in 1980.Shipbuilders transferred DDG 129 from land to the company’s dry dock using translation railcars to support the ship during the move.

Windward Offshore has established a partnership with Marubeni Corporation. Windward, with a fleet of four CSOVs (Commissioning Service Operation Vessels) currently under construction at VARD shipyards, secured a senior loan facility of up to EUR 182m at the end of 2024, and in February 2025 Windward Athens, the first vessel in the series, was launched, scheduled.The partnership was finalized with Windward Offshore raising new equity to fund future growth, and Marubeni Corporation acquiring the new shares through a wholly owned subsidiary…

Seas Geosciences has completed the conversion of the BOS Princess into a multipurpose geotechnical drilling vessel that is now ready to serve the global offshore energy industry.With its 80-metre length and close to 19-metre beam, the BOS Princess is equipped to support Seas’ geotechnical investigations.It has been outfitted with custom tools capable of transitioning from water depths of 10 meters to more than 4,000 meters while conducting simultaneous downhole and seabed operations.Seas…

Sea1 Offshore, formerly Siem Offshore, has ordered two more offshore energy support vessels from Cosco Shipping.The vessels are based on a similar design as the first two vessels Sea1 Offshore ordered from the same shipyard in November 2024.The four vessels will have capabilities to serve both oil and gas and renewable markets.The scheduled delivery for the vessels is from third quarter 2027 to fourth quarter 2027.Based on ST-245 design, the vessels will be methanol ready with…

The International Association of Classification Societies (IACS) has published a new recommendation, Rec.186, that meets the need for a standardized approach to integrating additive manufacturing (AM), commonly referred to as 3D printing, into marine and offshore applications.The maritime industry continues to embrace developments in manufacturing technologies to enhance efficiency and sustainability in shipbuilding and offshore operations. Additive Manufacturing (AM) has emerged…

U.S. allies Japan and South Korea would struggle to quickly ramp up shipbuilding to meet U.S. demand for alternatives under President Donald Trump's plan to impose port fees on China-linked ships, a top Japanese shipping executive said on Monday.The Trump administration is drafting an executive order in a bid to revive domestic shipbuilding and weaken China's grip on the industry.Japanese shipbuilding is running near full capacity, with little scope for expansion until 2028, while shipbuilders in South Korea…

A Trump administration proposal aimed at reviving the U.S. shipbuilding industry may backfire by imposing steep fees on China-linked vessels—penalties that industry leaders say would hurt American ship operators and ports rather than help them, industry executives said at U.S. Trade Representative hearings on Monday.At issue are proposed, stacking fees on China-built vessels that could top $3 million per U.S. port call. The Trump administration says the fees would curb China's growing commercial and military dominance on the high seas and promote domestically built vessels. U.S.

HII's Ingalls Shipbuilding division celebrated its newest class of apprentice graduates during a ceremony at the shipyard March 22, 2025. The event recognized the hard work and dedication of the graduates who have completed the three-to four-year program combining classroom instruction with hands-on shipbuilding experience.The Ingalls Shipbuilding apprentice program is a competitive workforce development initiative designed to prepare future shipbuilders through specialized training in one of 15 registered Department of Labor apprentice programs.

Maritime system supplier Brunvoll has signed a contract with Vard to deliver a comprehensive package of propulsion and maneuvering thrusters for five Walk-2-Work (W2W) Service Operation Vessels (SOVs).Brunvoll’s delivery for each vessel consists of two azimuth propulsion thrusters, two retractable azimuth thrusters, and two tunnel thrusters.The vessels will also feature Brunvoll’s Propulsion and Thruster Control system, BruCon PTC, for efficient and accurate maneuvering.Featuring VARD 3 32 design…

Belgian oil tanker group CMB.TECH has signed an agreement with Mitsui O.S.K. Lines (MOL) and MOL Chemical Tankers (MOLCT) for nine ammonia-powered vessels.The vessels will be among the world's first ammonia-powered Newcastlemax bulk carriers and chemical tankers. The delivery of these ships is expected between 2026 and 2029.The landmark agreement between MOL/MOLCT, and CMB.TECH involves nine ammonia-powered ships.Three ammonia-fitted 210.000 dwt Newcastlemax bulk carriers, currently on order at Qingdao Beihai Shipyard…

This week’s news was abuzz surrounding the two OFAC sanctioned VLCCs that recently arrived OPL Chattogram and are now stuck after undoubtedly risky transactions that have resulted in several failed onward resales, reports cash buyer GMS.Both vessels have yet to receive their respective No Objection Certificates (NOCs) to permit their entry into port limits for recycling. As the Artemis III and Itagua remain stranded, as the Bangladesh Ship Breakers and Recyclers Association (BSBRA)…

Tidewater Transportation and Terminals has finalized a contract with Gunderson Marine and Iron, a Portland, Oregon-based shipyard, for the construction of four new liquid refined product barges.The barges will measure 272 feet long, 42 feet wide, and 18 feet 6 inches deep, with a capacity of 20,000 barrels.Designed and constructed for service on the Columbia Snake River System, these inland liquid tank barges will be certified by the United States Coast Guard and comply with OPA…

U.S. President Donald Trump's push to rebuild U.S. shipbuilding is finding rare bipartisan support from Americans, with 72% saying the U.S. cannot remain dependent on China and other foreign producers to build ships, a poll released Friday showed.The survey of 2,204 adults, conducted by Morning Consult for the Alliance for American Manufacturing (AAM) on March 10-12, showed strong concern about China's grip on the $150 billion global ocean shipping industry, and the negative national security implications for the United States.Only 11% said the U.S.

The Dutra Group, a California-based heavy civil marine contractor, has issued a notice to proceed to Eastern Shipbuilding Group (ESG) for the construction of a 10,464 cubic yard trailing suction hopper dredge, named Adele.The ship will be constructed at ESG's Allanton and Port St. Joe facilities. Delivery is scheduled for late 2028.The Adele will join The Dutra Group’s 9,870 cubic yard trailing suction hopper dredge Stuyvesant serving our nation’s essential waterways.The newbuild will be based on Royal IHC’s Beagle design.

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has received additional orders for three methanol-fueled roll-on/roll-off (RoRo) cargo ships from Toyofuji Shipping, Miyazaki Sangyo Kaiun, and Nichitoku Kisen.The three ships will be built at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery in order from fiscal 2028.The ships will be approximately 168.0 meters in overall length and 30.2 meters in breadth…

Scottish shipbuilder Ferguson Marine (Port Glasgow) has appointed a Graeme Thomson as its new Chief Executive Officer (CEO).Graeme will officially take up the position on May 1, 2025, following on from former interim CEO, John Petticrew.Graeme joins Ferguson Marine from international aerospace, defense and nuclear engineering services business, Babcock, where he has been Programme Director since 2019, overseeing the delivery of the Type 31 Royal Navy frigate program.Prior to joining Babcock…

The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) has launched Japan’s first Arctic research vessel, named Mirai II.The construction of the Mirai II vessel began in 2021, at Japan Marine United Corporation’s shipyard.The vessel is 128 meters long, with the with of 23 meters, and draft spanning 8 meters.The vessel’s tonnage stands at 13,000 tons, and is said to be capable of continuously breaking 1.2m of flat one-year ice at a ship speed of 3.0kt.Mirai II will be capable of accommodating 97 people on board…

European Shipowners (ECSA) and Sea Europe have issued a joint statement calling on the European Commission to include the maritime sector in the European Industrial Maritime Strategy as well as in the Sustainable Transport Investment Plan (STIP).“Both initiatives should ensure the international competitiveness of European shipping which is a prerequisite for a strong and competitive European maritime industrial cluster. Addressing the widening innovation gap in Europe is the only way to enhance the European industrial base.

Seaspan Shipyards has announced a $5 million investment in Novarc Technologies Inc., a North Vancouver-based full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions.The funding will fuel product development and commercialization of AI-driven solutions which promise to increase industrial productivity.Seaspan has been a strategic partner and early adopter of Novarc’s welding automation technology since 2017, when it invested $500…

The U.S. Government Accountability Office (GAO) has published a report indicating that the Navy needs a new approach to its reliance on the private sector.The Navy relies on contracts with private companies—the "industrial base"—to build and, in many cases, repair ships. These companies are critical to the Navy's plans to increase its fleet size and improve the fleet's readiness for missions. But ships are often ready much later than expected and at a much higher cost.The shipbuilding industrial base has not met the Navy's goals in recent history, says the GAO.

Russia's second-largest lender VTB's deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei Kostin said on Tuesday.VTB is currently running USC, Russia's largest shipbuilder, which operates about 40 shipyards, design offices and repair yards across Russia, employing 95,000 staff.VTB said in December of last year that it was in talks with Rosneft over the Zvezda acquisition…

Xenos Marine recently acquired the VB-10,000 Heavy Lift Vessel which is currently in dry dock in Galveston, Texas. The asset will be renamed TX-10,000 at a christening ceremony in Galveston on March 23, 2025. TX-10,000 is the largest US Flagged and Jones Act compliant Heavy Lift Vessel; a twin-gantry catamaran heavy lift vessel with a 7,500-tonlifting capacity. It is currently undergoing maintenance at the Gulf Copper Shipyard in Galveston, Texas, preparing for her next working season in the Gulf of America.

EDGE, a global technology and defense group, and CMN NAVAL, a naval shipbuilding group specializing in the design, engineering, and construction of naval and commercial vessels and mega yachts, agreed to create a new Abu Dhabi-based shipbuilding joint venture (JV) named AD NAVAL (ADN). Leveraging an existing order pipeline worth approximately EUR 7 billion, the JV will bring together both companies under an exclusivity agreement on the segment of high value small to mid-size naval vessels including Corvettes…

Germany-based corrosion specialist Steelpaint is calling for urgent action to address the significant environmental impact of steel corrosion, warning that inadequate corrosion protection is contributing more to global CO2 emissions than the entire aviation industry. With the maritime industries consuming an estimated 100 million tonnes of steel annually, premature corrosion and subsequent steel renewal work is increasing carbon emissions dramatically, said Steelpaint’s Managing Director Klaus Müller.Steel production remains one of the most carbon-intensive industrial processes.

ABS has granted approval in principle to Monohakobi Technology Institute (MTI) for its Action Planning and Execution System (APExS-auto) maritime autonomy framework for the lifecycle management of autonomous navigation systems.The framework is crafted to be flexible, adapting to any necessary operational and design changes.The APExS-auto operational framework was developed by MTI, Nippon Yusen Kabushiki Kaisha and Japan Marine Science Inc. as part of the MEGURI 2040 fully autonomous ship program.The project utilized the System-Theoretic Process Analysis (STPA) method…

Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30 a new 35-meter diesel-electric ferry.The new vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, is the third vessel to join a fleet of seven new vessels designed by Incat Crowther for the mass transit operator.The vessel will serve inter-island commuter and tourism operations across Hong Kong, connecting Peng Chau, Mui Wo, Chi Ma Wan and Cheung…

The U.S. oceanographic research community depends on a complex network of ships and institutions for scientific discovery at sea. The University-National Oceanographic Laboratory System (UNOLS) is the central organization that provides scientists with access to advanced research ships and technology to explore the world's oceans. We recently spoke with Bruce Applegate, Chair of the UNOLS Council and Associate Director at Scripps Institution of Oceanography, to explore UNOLS’ operations and future plans.Understanding UNOLS and the U.S.

In September 2024, the 33rd Chief of Naval Operations, Admiral Lisa Franchetti, issued her Chief of Naval Operations Navigation Plan for America’s Warfighting Navy. This Navigation Plan embodies “Project 33” in recognition of the fact that Admiral Franchetti is the 33rd Chief of Naval Operations. Project 33 sets targets for enabling the U.S. Navy to make strategically meaningful gains in the fastest possible time. This Plan has several components:The readiness component of the Navigation Plan has the goal of eliminating ship…

MOL Energia, a subsidiary of Mitsui O.S.K. Lines (MOL), has signed long-term charter contracts with SCG Chemicals, a wholly owned subsidiary of the Siam Cement Group (SCG), for two very large ethane carriers (VLECs), to be built in South Korea.The charter for two more VLECs comes in addition to three vessels already contracted by SCG Chemicals in January 2025.Of the approximately 90 dedicated liquefied ethane carriers currently in service or on order worldwide, this deal will…

After what has certainly been a hectic January of negotiations and a late February / early March of unending deliveries with nearly 200K of LDT delivered in recent weeks, a period of calm reflection descended across Indian sub-continent ship recycling markets, reports cash buyer GMS, with an alarmingly minimal number of deals being fixed over recent weeks including this one.“And ever since prices have been at and even well under the now chased after USD 450s/LDT across the board (as confirmed via last week’s logger sale into Bangladesh)…

Korea's Hanwha aims to buy up to 9.9% of Australian shipbuilder Austal in an after-market offer following its failed A$1.02 billion ($646.17 million) takeover bid last year, a term sheet showed on Monday.Hanwha has offered A$4.45 each for 41.2 million Austal shares, showed the term sheet reviewed by Reuters.The deal's bookrunners, in a message seen by Reuters, told investors the books had been covered for the transaction.The Korean company does not intend to make a takeover bid for Austal "at this time", the term sheet showed.Hanwha and Austal did not immediately respond to requests for commen

Qatar Gas Transport Company (Nakilat) has marked the start of construction of six new gas carriers at HD Hyundai Samho (HSHI) shipyard in South Korea.The steel cutting ceremony was attended by senior officials from Nakilat, HD Hyundai Samho and guests, who witnessed the official start of construction for two LNG carriers and four LPG/ammonia gas carriers. The LNG carriers, each with a capacity of 174,000 cubic meters, and the LPG carriers, with a substantial capacity of 88,000 cubic meters each…

The Offshore Renewable Energy (ORE) Catapult, in partnership with the National Shipbuilding Office and the Crown Estate, have appointed Cammell Laird shipyard to carry out a detailed analysis of the future market opportunity for U.K.-built ships in offshore wind. The work will help develop knowledge of how the U.K. can provide vessel manufacturing to support offshore wind, delivering jobs and economic investment to communities around the country.With over 850GW of offshore wind capacity expected to be installed globally by 2050…

The Switch, a provider of power electronics for the marine industry, has signed a multi-million-dollar contract with Vard Electro to deliver equipment for five diesel-electric hybrid walk-to-work vessels.The Switch will supply its DC-Hub technology to multiple vessels on order at Vard Electro, a subsidiary of Vard, a Fincantieri company.With a total of 15 DC-Hubs to be delivered, the project showcases the increasing demand for flexible and future-proof power distribution systems.The five diesel-electric hybrid walk-to-work vessels of the VARD 3 32 design will provide maintenance…

Caledonian Maritime Assets Limited (CMAL) said it intends to award a contract for seven new loch-class electric ferries to Poland's Remontowa Shipbuilding S.A in Gdansk, Poland.The Small Vessel Replacement Program (SVRP) will see seven fully electric vessels built in the first phase, with an additional three delivered in phase two of the project, which will be procured through a separate competitive tender process later in 2025."These seven new vessels, when combined with the six major new vessels joining the fleet in 2025 and 2026…

Shipyard Jinling in Nanjing (China) has delivered the Eco Napoli, the last of 14 ships in the Grimaldi Green 5th Generation (GG5G) class, which includes the world’s largest and most eco-friendly ro-ro vessels for short-sea shipping.The Italian-flagged Eco Napoli has a length of 238 meters, a beam of 34 meters, a gross tonnage of 67,311 tonnes and a service speed of 20.8 knots.Compared to the company’s previous ro-ro series, the new ship can accommodate double the load on its seven decks (two of which are hoistable).

The first electric tugboat in Latin America, which will operate in Chile thanks to an agreement between Enap and SAAM Towage, continues to advance with the latest sea trials and bollard pull testing at the shipyard vicinity in Tuzla Bay, Istanbul.This process inspects compliance with technical specifications and verifies the static behavior and performance of the different systems installed, thus guaranteeing safe operations.The tug, which will operate for Enap, is scheduled to arrive in Chile in the first half of 2025.

DNV has awarded a detailed Approval in Principle (AiP) to Shell International Trading and Shipping Company and Brevik Engineering for their design of a 74,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carrier.The vessel is specifically designed for the Asia Pacific market to enable cost competitive transport of CO2.This AiP from DNV covers a comprehensive scope across a wide range of disciplines, including the assessment of specific technical challenges for LCO2 carriers.

Mitsui O.S.K. Lines (MOL) and its partners Namura Shipbuilding and Mitsubishi Shipbuilding have secured an approval in principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for a large-size ammonia-powered ammonia carrier.The AiP was awarded for the ship’s ammonia fuel compatible design.The companies are developing the vessel in anticipation of wide use of ammonia as a zero-carbon fuel and hydrogen carrier, and in response to further demand for ammonia fuel transitions in power plants.The carrier…

A steel cutting ceremony has been held for a new RAsalvor 6500 at Rizhao GANGDA Shipbuilding (Shandong Port) in Shandong Province, China.Designed by Robert Allan Ltd. for Smit Lamnalco, Australia, and the Australian Maritime Safety Authority, the new emergency towing vessel will provide first response capability in the Great Barrier Reef and Torres Strait – some of the most precious marine environments in the world.The vessel is also intended to provide aids to navigation services and other marine services in the region.

The 39-metre tug Silivri has been delivered to The BOTAS Petroleum Pipeline Corporation in Turkey.The TRAktor V3900-DF series tug was recently completed at Uzmar Shipyard to a design by Robert Allan Ltd.Silivri is only the second vessel in the world to combine Voith Schneider propulsion with dual-fuel LNG/diesel engines. This unique arrangement has only been combined once before, on her sistership Sultanhani, delivered earlier in the year to the same owner.Equipped with Wärtsilä 6L34DF engines and 32X6 Voith Schneider propellers…

The China Shipowners' Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen by Reuters on Thursday.U.S. President Donald Trump's administration aims to partially pay for an American shipbuilding comeback with those fees, according to a draft executive order seen by Reuters.The CSA's members include China's COSCO Shipping, which is expected to be among the hardest hit by the fees proposed by the U.S.

Italian shipbuilder Fincantieri has delivered Norwegian Aqua cruise ship to Norwegian Cruise Line (NCL).Norwegian Aqua is the first ship of the expanded Prima Plus Class that Fincantieri is building for NCL.At 156,300 gross tons and a length that spans 1,056 feet, Norwegian Aqua is 10% larger than the first two Prima Class vessels, Norwegian Prima and Norwegian Viva, which also feature the craftmanship of Fincantieri.In addition to the delivery of Norwegian Aqua, the Fincantieri shipyard in Marghera will experience another milestone tomorrow…

AAL Shipping has held a formal naming ceremony for its fifth Super B-Class vessel, the AAL Dubai, at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.The latest addition not only enhances AAL’s third-generation newbuilding fleet but also commemorates the company’s 30th anniversary, reaffirming its unwavering commitment to innovation and excellence in global project shipping.The 32,000 dwt AAL Dubai – a methanol-ready multipurpose heavy lift vessel - was named after one of the Middle East’s premiere project cargo hubs…

WinGD reports it has confirmed key parameters for its X-DF-A ammonia-fueled engine design after full-load testing at its Engine Research and Innovation Centre in Winterthur in Switzerland.The performance and emission measurements deliver timely assurance as the first users prepare their vessels and auxiliary systems for ammonia fuel.The tests confirm engine performance data that WinGD has published in its General Technical Data (GTD) software, available online, and guaranteed to customers.Operation on ammonia achieved the same thermal efficiency as for diesel fuel…

“During the first two months of 2025, bulker newbuilding contracting dropped 92% y/y to the lowest level in at least 30 years. While contracting in January was low, no new ships were ordered in February. Weak freight rates, high newbuilding prices, long lead times and uncertainty are likely discouraging contracting,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Dry bulk contracting has been slowing since the second half of 2024. During this period, second hand prices for five-year-old ships fell by 12%, impacted by weakening freight rates, whereas newbuilding prices only dropped 1%.

Hanwha Ocean has delivered the overhauled U.S. Navy Vessel Wally Schirra, setting a new milestone in Korea’s shipbuilding industry for the first ever maintenance, repair, and overhaul (MRO) project for the U.S. Navy, completed in just six months.The MRO project, carried out at Hanwha Ocean’s Geoje Shipyard over approximately six months, involved comprehensive maintenance, including hull and engine repairs, major equipment inspections and replacements, and system upgrades.During the maintenance process…

ABS issued a Type Approval for IACS UR E27 cyber resilience requirements to Hanwha Systems for its cybersecurity solution, SecuAider®.Hanwha Systems’ SecuAider® is a software solution that offers protection to a vessel’s data and networks from advanced cyberattacks, such as ransomware and malware.The ABS E27 certification is part of the ABS Cyber Resilience Program that evaluates a range of digitally enabled systems and equipment, looking at the security controls implemented at the design…

Qatar Gas Transport Company (Nakilat) has held a steel cutting ceremony for eight of its new liquefied natural gas (LNG) carriers at Hanwha Ocean shipyard in the Republic of Korea.These vessels are part of Qatar’s historic LNG fleet expansion project, aimed at meeting the maritime transport needs of the LNG sector.In February 2024, Nakilat signed agreements with QatarEnergy to charter and operate 25 conventional-size LNG carriers, making Nakilat both the owner and operator of the vessels…

bound4blue and Odfjell have partnered to complete the first installation of a wind propulsion system for the chemical tanker specialist, with four of bound4blue’s eSAILs retrofitted on the 49’k dwt Bow OlympusThe 22-meter-tall suction sails will help the advanced vessel achieve significant fuel savings, unlocking commercial, environmental and regulatory advantage. A tailored two-step installation process was deployed to accommodate the vessel’s schedule, with the installation completed in just two days.Firstly…

The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations, where personnel walks via a motion-compensated gangway from the ship to a wind turbine.While the hull has been under construction at the CRIST yard in Poland, closely monitored by a site team from Ulstein Verft…

New type of river pusher: CDS 4115Paraguay's Girona S.A. – Rio Sur Transporte y Logistica took delivery of Veronica V, designed and built by Concordia Damen, a CDS 4115 Shallow Draft River Pusher will serve Girona’s customers along the 2695 km Paraguay River. The 5.400 HP river pusher is particularly well-timed, with river levels dropping for months during the dry season engineers analyzed the Paraguay River system to create an efficient pusher vessel for these conditions. Its shallow draft ensures year-round navigation and high cargo efficiency. The CDS4115 type measures 41 x 15.5 m.

Inevitably, when a maritime accident like the one involving U.S.-flagged chemical tanker Stena Immaculate and the Portuguese-flagged container vessel Solong happens, the first question invariably is an incredulous: "How could this happen"?Now, a relatively rare collision off the coast of Britain has sparked concerns over what went wrong despite standard safety protocols, according to three shipping and insurance industry sources.The incident, which occurred on the morning of Monday…

HII was awarded a contract to deliver the new Australian Submarine Supplier Qualification (AUSSQ) pilot program over the next two years to accelerate the identification and qualification of Australian suppliers and products into the US submarine industrial base.The contract’s initial value is $6m with the option to extend based on achievement.“This contract represents a significant milestone in building a resilient and globally integrated supply chain for nuclear-powered submarines,” said Chris Kastner, president and CEO of HII.

The marine industry at large slowly evolves on fuel transition, as the questions on regulation, technology and finance of emerging technologies cumulatively works to stunt growth. Enter Dave Lee, Executive Director,  e1 Marine. Dave Lee is certainly no stranger to advanced marine technology, as he also serves as VP of Innovation and Technology @ Maritime Partners, and held a similar position previously with ABB. Read aoub the e1 Marine plan to effectively enable hydrogen as a marine fuel…

Norwegian maritime technology company Pherousa has secured approvals in principle (AiPs) from American Bureau of Shipping (ABS) and DNV for its ammonia cracking technology onboard ships, featuring PEM Fuel Cells and Fuel Gas Supply System (FGSS) for fully electric propulsion.Pherousa, together with partners, is developing ammonia cracking technology that could make the transition to fossil-free and zero-emission propulsion within the maritime short- to deep-sea transport sectors a reality.Key partners in the work towards the two AiPs include the designers Deltamarin…

Techano Oceanlift has secured a contract by Sefine Shipyard to deliver an offshore crane to a newbuild construction support vessel (CSV) that the Turkish shipyard is building for a strategic partnership between Agalas, Eidesvik and Reach Subsea.Techano Oceanlift, subsdidiary of Oslo-listed Nekkar, will supply a 150-tonnes capacity crane capable of performing subsea construction work and topside lifting operations. The company’s scope of work includes engineering, manufacturing…

AYK Energy was contracted to manufacture and supply the 6MWh battery that will power the world’s first battery-methanol tug, to be built at Uzmar for Svitzer. This is AYK’s first contract with Uzmar. The 6MWh battery-powered tug is planned to be deployed in Gothenburg and provide zero-emission services across a quarter of Svitzer’s operations in the Swedish port. The tug is based on Svitzer’s TRAnsverse tug design and the battery will be supported by dual fuel methanol engines…

U.S. Secretary of Energy Chris Wright delivered a keynote address at CERAWeek 2025, emphasizing the administration’s commitment to expanding American energy production while ensuring affordability, reliability, and security.Wright criticized previous energy policies for focusing too narrowly on climate concerns, arguing that they led to higher costs and economic instability. He reaffirmed the administration’s support for natural gas, nuclear, and expanded energy infrastructure…

Palfinger Marine has secured a contract by CRIST S.A. in Poland to supply a comprehensive equipment package for a next-generation Offshore Support Vessel (OSV) under construction for DOF Group.As part of the comprehensive equipment package, Palfinger Marine will supply a fully electric, frequency-controlled winch system. The advanced solution enables safe and efficient anchoring, mooring, deck handling, towing, and ice management under extreme offshore conditions.The contract also includes a stern roller and the PALFINGER HSS (Hose Securing System)…

Charter rates continue to climb as dry bulk carriers, Capes and even Panamax sectors reported rising rates this week, reports cash buyer GMS.

Canadian shipbuilder Davie has been awarded a contract by the Government of Canada for the construction of a polar icebreaker.Work will begin this year on the agreement valued at $3.25 billion. Davie will deliver its production-ready heavy icebreaker design called the Polar Max to Canada by 2030.To support the rapid delivery of the ship, Davie will capitalize on the expertise of Helsinki Shipyard, which was acquired by Davie in 2023 with the support of the Québec government. Helsinki…

Fincantieri Marinette Marine’s Board of Directors approved Jan Allman to assume the duties as FMM’s CEO beginning this week. Current FMM CEO Mark Vandroff is returning to Fincantieri Marine Group in a new role as the Senior Vice President of Government Relations in Washington D.C.Allman is quite familiar with Fincantieri operations in Northeast Wisconsin, as she has served as the VP and General Manager of Fincantieri Bay Shipbuilding since April 2023, and previously served as…

A new era in Canadian shipbuilding is underway as Seaspan Shipyards has been awarded the contract to build one of the Canadian Coast Guard’s (CCG) next-generation heavy polar icebreakers. This landmark project, part of the National Shipbuilding Strategy (NSS), will reinforce Canada’s Arctic sovereignty, economic development, and scientific research capabilities while marking a historic revival of domestic polar shipbuilding.“Today’s contract signing is the next step in our journey of fulfilling the vision of the National Shipbuilding Strategy…

The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding while countering China’s dominance in global shipping and shipbuilding.The draft order from President Donald Trump also urges allied nations to adopt similar policies or risk facing retaliatory measures from the U.S.China’s growing control over the maritime industry has become a rare bipartisan concern in the U.S.…

Concordia Damen won a contract by Koninklijke Van der Wees Transporten for the construction and delivery of an innovative RoRo pontoon, to be named Lastdrager 29. In addition, the Werkendam-based shipyard will build two coupling pontoons for Van der Wees. The Lastdrager 29 was developed to meet the unique transport challenges faced by Van der Wees, which has designed the RoRo Pontoon together with Shipbuilding Solutions. Equipped with a (removable) drive-in function, the pontoon enables the seamless loading and unloading of high and heavy cargo, supporting a load capacity of up to 600 tons.

In a move to restore full domestic ferry service by summer, Governor Bob Ferguson said that Washington State Ferries (WSF) will delay the hybrid-electric conversion of two of the state’s largest ferries. The decision comes as WSF works to increase its operational fleet, ensuring that 18 vessels are in service simultaneously for the first time since 2019. Restoring full domestic ferry service requires 21 vessels, with at least 18 running at any given time. By postponing the hybrid-electric upgrades until after the 2026 FIFA World Cup…

Briggs Marine has taken delivery of new maintenance support vessel, MV Forth Constructor, built by Freire Shipyard in Spain. The 40-meter DP2 vessel, designed to Briggs’ specification by Cintranaval in conjunction with Freire Shipyard, will strengthen the company's offering for contracts with U.K. Government and Port and Harbour Authorities, as well as providing services to the offshore wind and wider renewables sector.The primary role of the Forth Constructor will be the servicing of heavy moorings and navigation marks…

Norwegian shipbuilder Vard has marked the start of construction of Island Offshore’s hybrid power ocean energy construction vessel (OECV) at its shipyard in Romania.Vard secured the order for the vessel, named Island Evolution, from Island Offshore back in May 2024, which also included an option for two additional vessels. Island Offshore placed the order for the second vessel, to be named Island Explorer, in August.Roy Viggo Fjørtoft, Project Manager from Island Offshore, had…

The outcome of MEPC 83 in April could establish the IMO’s mid-term GHG and carbon pricing strategy for achieving net-zero by around 2050. Not everyone is waiting; they have enough confidence in the LNG pathway to order new ships.According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 34 new orders for alternative-fueled vessels were placed in February 2025, 33 of them for LNG-fueled container ships.The trend is continuing this week with CSSC subsidiary…

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S. trade, CMA CGM transports over 5 million shipping containers to and from the country each year.Rodolphe Saadé, Chairman and CEO of CMA CGM Group…

Tanker owner Performance Shipping entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. This concludes the financing for all three newbuilding LNG-ready, scrubber-fitted LR2 product/crude oil tanker vessels of approximately 114,000 dwt each, expected to be delivered in August and September 2025, and January 2026.The bareboat financing amount totals $45 million. As part of this agreement, the vessel will be sold and then chartered back to Performance Shipping Inc.

Incat Crowther said that the first of two new catamaran ferries for Dumai Express Group completed sea trials and will soon commence operations in Indonesia. The 33-m ferries build on a fleet of first-generation 30-m catamarans designed by Incat Crowther for the Indonesian operator. The new models offer improved operational efficiency via an extended stern, optimized hull form and customized propeller tunnel. The design enhancements mean Ruby of Dumai provides a full-load draft of 1.5-m…

Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day. On 30 April 2024, Svitzer was listed on Nasdaq Copenhagen (SVITZR) as a result of the previously announced separation from its former parent company, A.P. Møller - Mærsk A/S. Danish national Kasper Karlsen has been Global Chief Operating Officer of the Svitzer Group since December 2022.

Kongsberg Maritime has secured a project to convert the double ended car ferry MF Hamlet to emission-free battery powered operation.The ferry, operated by Öresundlinjen, on the route between Helsingør, Denmark, and Helsingborg, Sweden, will see a major upgrade including installation of large battery packs and new permanent magnet motors for the azimuth thrusters.The primary goals of the project include achieving zero emissions, enabling full electric operation with batteries, and having mechanical propulsion redundancy.The ferry will utilize high-voltage charging in port…

Casimir Lindholm has been appointed CEO of Meyer Turku Oy as of May 2025. Lindholm is currently President and CEO of Cargotec Oyj, and he has a long professional career as CEO in different companies such as Eltel and Lemminkäinen.Lindholm succeed Tim Meyer, who will join the Meyer Turku Oy Board of Directors in position of vice chair. This step is a part of a planned generational change, after Bernard Meyer handing over the chair position to Jaakko Eskola earlier this spring.“In Casimir, we have found an exceptional leader with years of experience from various industries such as construction.

All American Marine (AAM) has delivered a 78’ x 26.7’ semi-displacement aluminum catamaran to Cal Poly Humboldt. The vessel will serve as a scientific exploration platform and support faculty research along the Northern California and Oregon coasts.Designed by Nic de Waal of Teknicraft Design, the RV North Wind builds on the proven success of similar research vessels, including the R/V Shackleford and the University of Hawaii’s R/V Imua.Constructed to US Coast Guard Subchapter T standards…

TOTE Services, LLC and Hanwha Philly Shipyard, Inc. marked a milestone in U.S. shipbuilding with the keel laying of the fifth and final vessel in the National Security Multi-Mission Vessel (NSMV) program. Commissioned by the U.S. Department of Transportation’s Maritime Administration (MARAD), the NSMV program is designed to provide top-tier training for future mariners while supporting humanitarian assistance and disaster relief efforts. The vessels are being built to replace aging training ships at five state maritime academies…

Western Baltic Engineering (WBE), a Lithuanian maritime engineering company, and Belgium’s Batia Mosa Shipyard announced a strategic partnership aiming to transform European inland waterway shipping with the launch of WBE’s design electric pusher vessel series, BlueKick. The collaboration aligns with the Shipyards’ & Maritime Equipment Association of Europe (SEA Europe)'s advocacy for the European Commission's focus on advancing the inland waterways sector. SEA Europe has called for ambitious measures to prioritize sustainable…

Akdeniz Shipyard launched a new 1200-cbm capacity tanker for delivery to an American client.The tanker will operate in the Bahamas, and measures 61 x 10.95m, most notable with only a 2.9-m draft.Last year Akdeniz Shipyard delivered a 1500-cbm capacity chemical tanker that was highly praised for meeting international quality standards. Additionally, the shipyard is currently working on bulk carriers and tugboats of various capacities.Akdeniz continues to export ships to many countries worldwide, especially in Europe and America.

HII has announced that shipbuilders at its Newport News Shipbuilding (NNS) division have successfully installed the first valve manifold assembly created by 3D Printing (additive manufacturing) on a new construction aircraft carrier.The valve manifold assembly, a specialized assembly that allows distribution of a single source of fluid to multiple points on the ship, is installed in a pump room on Gerald R. Ford-class aircraft carrier Enterprise (CVN 80). The assembly, which is approximately 5 feet long and 1…

The U.S. aircraft carrier USS Carl Vinson arrived at the southern port city of Busan in South Korea on Sunday as a show of force against North Korea, South Korea's navy said.It is the first U.S. aircraft carrier to dock at a South Korean port since U.S. President Donald Trump's second term in office began in January.The visit was part of the "ironclad" commitment of the United States to extended deterrence and to show readiness by the military alliance between Seoul and Washington against North Korea, according to the South's navy.The move obviously irked North Korea.

GTT received an order from an Asian shipyard for the tank design of two new Liquefied Natural Gas Carriers (LNGCs) on behalf of an Asian ship-owner. GTT will design the tanks of these two vessels, which will each offer a total capacity of 174,000 cu. m. and will be fitted with a membrane containment system from the NO96 series developed by GTT. Deliveries of the vessels are scheduled for the second and third quarters of 2027.

The International Association of Dredging Companies (IADC) announced that Arnold de Bruijn (1980) will join the association in April as the eventual successor to Secretary-General, René Kolman, who has represented the international dredging sector since 2008. Kolman will retire on November 1, 2025 and, following that transition period, De Bruijn will formally take over the role of Secretary-General.de Bruijn has valuable background in the dredging industry. He began his career at Royal IHC…

On February 21, 2025, the Office of the US Trade Representative (UST) released a notice of a proposal to impose wide-ranging fees on shipping companies and vessels with a Chinese nexus. The USTR has yet to release regulatory or administrative language that implements the proposals, and there is no guarantee this will actually happen. Interested parties should consider submitting comments as well as reviewing their charterparty and other relevant agreementsSUMMARY OF USTR PROPOSALSThe USTR notice does not set forth a single unified scheme of fees…

Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based on VesselsValue data, the fleet consists of 36 live LNG and LPG vessels with a further 30 on order. Qatar Gas also placed the highest value newbuilding order in February 2024 with their investment in 15 large LNG vessels, scheduled to be built at Samsung and contracted for…

According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 34 new orders for alternative-fuelled vessels were placed in February 2025.This was almost entirely accounted for by LNG-fuelled vessels (33), with all orders placed for container vessels. The remaining order was for an ammonia-fuelled general cargo vessel.A total of 45 alternative-fuelled vessels have been ordered in the first two months of this year, representing a 35% decrease compared to the first two months of 2024.

Flagship Cruises & Events, a San Diego-based yacht charter, announced a $15.27m grant from the California Air Resources Board (CARB) to develop two fully electric, zero-emission ferries to serve the San Diego to Coronado route. With advanced battery technology, the vessels will not emit any greenhouse gases during operation and will remove the particulate matter associated with traditional combustion engines. The CARB Advanced Technology Demonstration and Pilot Project grant is part of California Climate Investments…

A.P. Moller - Maersk celebrated the name-giving of its newest dual-fuel methanol container vessel in Mumbai on February 28 as a part of the vessel’s maiden voyage to India. The vessel, named Albert Maersk, is the eleventh vessel in Maersk’s fleet capable of operating on methanol.“India is among the world's fastest-growing major economies, with a thriving manufacturing sector, a booming e-commerce industry, and expanding exports. Shipping and logistics are high on India’s priorities…

Kongsberg Maritime has secured a contract for the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for an oil and gas company.The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe transfer of personnel between to and from offshore installations.The new design is a further development of Kongsberg Maritime’s extensive range of vessel types for the offshore energy market.It builds on recent experience with the succe

Finland-based Valmet has booked an order for a marine methanol fuel automation control system for two cable-laying vessels (CLVs) being built for Jan de Nul in China.The vessels will be built in the China Merchants Heavy Industry (Jiangsu) shipyard for Jan De Nul, a company providing engineering solutions in maritime and offshore energy infrastructure and construction projects.The value of the order will not be disclosed.“Valmet has experience in green fuel supply system control.

Eastern Shipbuilding Group (ESG) has welcomed (Acting) Assistant Secretary of the Navy for Research, Development, and Acquisition (ASN RDA) Dr. Brett Seidle, Rear Admiral Tom Anderson, Program Executive Officer for Ships (PEO Ships), and several key Department of Defense (DOD) officials to its shipyard this week.As a leader in America’s maritime industry, ESG remains committed to supporting the nation’s defense initiatives and strengthening the U.S. shipbuilding sector. The visit underscored the renewed focus on advancing domestic shipbuilding capabilities…

The Port of Tyne has purchased the UK’s first fully electric foiling pilot vessel, a significant milestone for the Port and the UK’s maritime sector. The vessel, scheduled to be delivered before the end of the year, will be used to transfer pilots onto the ships, delivering essential goods and cargo to the northeast of England.This investment by the Port of Tyne is aimint to further enhance both the safety and efficiency of the Port’s operations. It is also another major step…

Increasingly, maritime finance is tied to the environmental impact of the asset or project.Under Zero-Emission Accelerating Ship Finance (the Program), which is jointly operated by the Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the LNG-fueled car carrier OCEANUS HIGHWAY (IMO No. 1046049), owned by Kawasaki Kisen Kaisha, Ltd. ("K" LINE). DBJ provided financing to "K" LINE.ClassNK evaluates ships based on a comprehensive scoring model jointly developed with DBJ from the perspective of ‘decarbonization…