Two Companies News

Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will be implemented through the incorporation of CBO’s holding company into OceanPact, according to a regulatory filing. Completion of the deal is subject to approval by Brazil’s antitrust regulator CADE and other customary conditions, including approval by shareholders and consent from creditors.Once completed…

The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices.At least 200 ships…

Fincantieri announces the acquisition of an order from Viking for the construction of two expedition vessels. In addition, the two companies also signed an agreement for an option for two ocean ships, marking a new milestone in the collaboration between the two companies. The value of these agreements, subject to financing and other typical terms and conditions, is considered very important[1].The two expedition vessels, scheduled for delivery in 2030 and 2031, will be sister ships to “Viking Octantis” and “Viking Polaris…

DRIFT Energy, a leader in ocean-based renewable energy, has signed a collaboration agreement with Enapter to adapt the design of their Anion Exchange Membrane (AEM) electrolyzer technology for deployment at sea. The agreement was formalized during a visit by DRIFT’s CEO, Ben Medland, to Enapter’s production facility in Pisa, Italy, this week.The partnership will accelerate development of the energy storage element of DRIFT’s technology ecosystem, paving the way for the production of over 30 energy ships currently on the company’s order book.

Shell and Greece’s METLEN have signed a memorandum of understanding (MoU) to establish a framework for cooperation in the supply and trading of liquefied natural gas (LNG).Under the agreement, the two companies plan to supply and trade approximately 0.5 to 1.0 billion cubic metres (bcm) of LNG per year over the five-year period from 2027 to 2031.Deliveries are expected to be made to the Greek LNG regasification terminals at Revithoussa and Alexandroupolis.The MoU also envisages…

Incat Crowther has begun detailed development and naval architecture on a hydrogen fuel cell-electric fast ferry design, with initial deployment targeted for New York waters.Incat Crowther is working on the design and regulatory approval process for the new 28-metre vessel in partnership with zero-emission vessel developer SWITCH Maritime. The project includes a global team with expertise spanning ferry operations, electric propulsion, and hydrogen system safety. From their office in New York City, SWITCH is actively advancing project development activities beyond vessel design.

Kuwait Oil Company is in talks with some U.S. firms including Devon Energy and EOG on potential cooperation to develop its shale oil and gas resources, its CEO said on Thursday.KOC is "engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources", Ahmad Al-Eidan said on the sidelines of the Kuwait Oil & Gas Show.This would be the first time Kuwait has sought to develop its shale oil and shale gas resources…

Fincantieri has signed a strategic agreement with Italian deep-tech company WSense to jointly develop and commercialize advanced wireless technologies for underwater applications, strengthening the shipbuilder’s position in subsea monitoring and protection systems.The agreement covers both the co-development of wireless underwater communication solutions and a commercial framework for deploying the technology in environmental monitoring and infrastructure integrity applications through Fincantieri Infrastructure.Under the partnership…

BIO-UV Group has announced a strategic partnership with water-monitoring specialist MicroWISE to develop new ballast-water treatment and verification solutions designed to address rising enforcement pressures and the anticipated growth of port-side reception facilities.The collaboration combines BIO-UV Group’s BIO-SEA ballast-water treatment technology with MicroWISE real-time organism analysis, creating an integrated approach to treatment and compliance validation.The partnership comes at a critical moment for the maritime industry.

At a general meeting of Kongsberg Gruppen on Thursday afternoon, the separation of Kongsberg Maritime was formally approved by the shareholders. The plan is to list the maritime company on the Oslo Stock Exchange on April 23.Kongsberg Gruppen ASA, as we know it today, will continue as two companies. The business areas Kongsberg Defence & Aerospace and Kongsberg Discovery will form the new KONGSBERG, while the business area Kongsberg Maritime will be spun off as its own company…

Global shipping company Diana Shipping plans to launch a proxy fight to replace rival Genco Shipping & Trading's six current directors, making its decision just days after the board rejected Diana's takeover offer, two people familiar with the matter said.Diana Shipping, which owns nearly 15% of Genco and proposed buying all outstanding shares for $20.60 per share in cash, will nominate executives who have shipping and maritime industry experience in the coming days, one of the…

James Fisher Defence (JFD Global), a global provider of specialist marine and defense solutions enabling mission success at sea, has signed a Memorandum of Understanding (MoU) with ST Engineering Marine to explore new opportunities for collaboration in Singapore and beyond. The extension of joint capabilities internationally will provide support to the Republic of Singapore Navy (RSN) and other navies, to ensure operational readiness in safety critical situations.The agreement builds on a long-standing and successful partnership between the two companies that spans more than 15 years.

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies.In 2025, several ADES jack-up rigs underwent major works at ASRY’s facilities in Bahrain.The ADM-501 and ADM-504 units were prepared earlier in the year for drilling operations in Nigeria, while upgrade works on ADM-503 and ADM-511 were recently finalized ahead of upcoming drilling campaigns…

BYD Energy Storage, a leader in the energy storage sector, and Corvus Energy AS, a leader in marine energy storage systems (ESS), announced the signing of a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector.The MoU strengthens the cooperative relationship between the two companies by combining BYD Energy Storage’s scale and technological leadership in LFP batteries with Corvus Energy’s unparalleled expertise in marine ESS applications.

Woodside Energy Trading Singapore has signed a sale and purchase agreement with Japan’s JERA for the supply of liquefied natural gas (LNG) during Japan’s peak winter period, strengthening long-term LNG supply arrangements between the two companies.Under the agreement, Woodside will supply three LNG cargoes per year, equivalent to around 0.2 million tonnes annually, for a period of five years starting in 2027. The LNG will be delivered on a delivered ex-ship basis to Japan during…

Australia’s Woodside Energy has finalized a long-term liquefied natural gas supply agreement with Türkiye’s state pipeline operator BOTAŞ, marking Woodside’s first long-term LNG contract with the Turkish market.Under the sale and purchase agreement, Woodside will supply BOTAŞ with about 5.8 billion cubic meters of natural gas equivalent, or around 0.5 million tons per annum of LNG, for up to nine years starting in 2030.The deal converts a non-binding heads of agreement signed in September into a binding commitment.

Miros and Marine Technologies (MT) have signed a memorandum of understanding (MoU) to collaborate on integrating advanced marine sensing technologies with MT’s vessel control and smart-ship systems, the companies said on Wednesday.The agreement, which involves no financial commitments, outlines the companies’ intent to combine Miros’ real-time ocean sensing, wave and current monitoring, and oil spill detection technologies with MT’s footprint in offshore vessel control and dynamic…

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…

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…

Francbord, a new Breton industrial group resulting from the evolution of the Ecomer group, announced its merger with the SME Enag, strengthening the group's position as a supplier of technological solutions dedicated to the maritime sector and industry.This operation was made possible thanks to a new fundraising initiative by the maritime sector decarbonization fund managed by Bpifrance, Unexo, a subsidiary of Crédit Agricole, Go Capital, and the Mer Invest fund, a subsidiary…

German warship maker TKMS has submitted a non-binding bid for smaller peer German Naval Yards (GNYK), the company told Reuters on Thursday."Discussions between our two companies will continue with an open outcome," TKMS said in an emailed statement, without disclosing any details around the offer.TKMS, which was spun off from parent Thyssenkrupp in October, last month said it expected to decide soon on whether to buy GNYK, reflecting its ambition to expand in light of growing demand for defence equipment.GNYK is part of the family-owned CMN Naval group - a French shipbuilder active in naval an

Corvus Energy, a provider of zero-emission energy solutions for the maritime industry, has received a record order from Remontowa Shipbuilding in Poland for the supply of battery systems for seven new fully electric ferries for Scottish Government owned Caledonian Maritime Assets Limited (CMAL) in Scotland.This marks the largest contract in Corvus Energy’s history, measured in USD value, and represents a milestone in advancing clean, sustainable ferry operations in the UK.The…

Maritime Operations Group (MOG) and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding MoU aimed at accelerating the development, construction and delivery of modern diesel-electric submarines and undersea technologies for U.S. government and allied missions.Under the agreement, the two companies will explore collaboration on the design and construction of diesel-electric submarines optimized for U.S. Navy training, research, development, test and evaluation (RDT&E), and specialized mission support.