Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).The custom-built research vessel, designated Project RV6000, is specifically designed for scientific exploration.
Ascenz Marorka To Equip Four RoRo Vessels With Voyage Optimization Solution

Ascenz Marorka, a Smart Shipping company of the GTT Group, has been selected by LD Armateurs (LDA) to equip four RoRo vessels with its advanced Voyage Optimisation solution. The agreement covers three new-build RoRo vessels currently under construction and the existing RoRo Ville de Bordeaux.The solution, enhanced with dedicated features for wind-powered ships, will enable LDA to maximize the performance of its wind propulsion systems.
Four More Crew Saved From Eternity C, 11 still missing

Rescuers pulled three more crew members and a security guard alive from the Red Sea on Thursday, maritime security sources said, a day after Houthi militants sank the Greek ship Eternity C and said they were holding some of the crew still missing.It was the second Greek bulk carrier sunk this week by the Iran-aligned Houthi militia, shattering months of relative calm off Yemen's coast, the gateway…
Red Sea Insurance Spikes After Houthi Ship Attacks

The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday.The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the Iran…
Meyer Turku Delivers Star of the Seas, Second Vessel in Icon Class

Meyer Turku has today handed over the Star of the Seas to Royal Caribbean. Star of the Seas is the second Icon class ship built at the Meyer Turku shipyard. Star of the Seas will leave the shipyard in mid-July and will later in the summer start sailing on the Caribbean from its home port in Port Canaveral.Star of the Seas' eight different neighbourhoods include the largest water park in the seas, the Central Park with live plants…
Iron Ore 'Calm' in face of China Uncertainty, U.S. Tariffs

Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89 at the previous close but up from the recent nine-month low of $93.35 on July 1.However, the range in the price between that low and the high so far in 2025 of…
Rosalie Balkin to Receive International Maritime Prize

Dr. Rosalie Balkin, Secretary-General of the Comité Maritime International (CMI) and former Director of Legal Affairs and External Relations Division at the International Maritime Organization (IMO), has been named the recipient of the International Maritime Prize for 2024. The decision was announced today by the IMO Council during its 134th session (July 7-11). Nominated by the Government of Australia…
GES Exits Dutch Market with Rotterdam Terminal Sale to Tepsa

Global Energy Storage Group (GES) has completed of the sale of its terminal located in the Port of Rotterdam to French-based firm Tepsa.The facility, which includes 212,000 m3 of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.The transaction represents a key milestone for GES as it continues to focus its resources on expanding its presence in the fast-growing Asian market…
Ifremer’s French Oceanographic Fleet Welcomes New Research Vessel

A new research vessel built for the French oceanographic fleet operated for the National Science Community by the French national Institute of Ocean Sciences (IFREMER) has been launched at the Freire Shipyard celebrated in Vigo, Spain.The oceanographic vessel was named Anita Conti in honor of France's first woman oceanographer, as a tribute to her pioneering legacy in the exploration and study of the sea.Designed to replace the vessel Thalia…
MOL Advances Plans for Offshore Rocket Launch and Recovery Vessel

Mitsui O.S.K. Lines (MOL) has moved forward towards commercializing an offshore rocket launch and recovery vessel through a partnership agreement with Innovative Space Carrier (ISC) and Tsuneishi Solutions Tokyobay.MOL’s engagement in space-related business focuses on the offshore launch and recovery of rockets. Aiming for commercialization around 2030, its first step will be to develop a recovery vessel…
Solstad Confirms $84M Deal with Petrobras for Normand Turquesa AHTS

Norwegian offshore vessel owner Solstad Offshore has confirmed a contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa.The four-year contract, which received board approval, is scheduled to begin in February 2026.The current contract for Normand Turquesa has also been extended by nine months and runs until start of new contract.With the latest contract, worth $84 million…
Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers.The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship.
Great Lakes Iron Ore Trade Down in June

Shipments of iron ore on the Great Lakes totaled 4.9 million tons in June, a decrease of 9.6% from 2024. Shipments were 1.2% below the month’s five-year average.Year-to-date the iron ore trade stands at 16.6 million tons, a decrease of 16.1% compared to the previous year’s total. Iron shipments are below their five-year average by 8.9% for the first half of the year.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet…
First Order for Everllence 175D Dual-Fuel Methanol Engine

Everllence has announced the first order for its 175DF-M (dual-fuel methanol) engine for a superyacht currently under construction by an undisclosed European shipyard.Everllence’s scope of supply covers 2 × 12V175DF-M and 1 × 16V175DF-M variable-speed yacht gensets, including methanol fuel-supply systems. Delivery is scheduled for July 2027.The company reports that many customers from the ferry, cruise…
Rainbow Warrior Remembered 40 Years After Bombing

A dawn ceremony has been held in Auckland, New Zealand, to commemorate the 40th Anniversary of the bombing of the original Rainbow Warrior.On July 10, 1985, French Government agents used two bombs to sink the Rainbow Warrior at Marsden Wharf in Auckland Harbour. It came at the height of the Greenpeace campaign to stop French nuclear testing in the Pacific.The ship was destroyed and one crewmember killed.Greenpeace tells the story:10 July 1985.
New Video Educates Passengers on Evacuation in the Arctic

A new informational video launched by Arctic Council’s Emergency Prevention, Preparedness and Response Working Group (EPPR) in collaboration with the Association of Arctic Expedition Cruise Operators (AECO) aims to improve passenger safety during maritime emergencies in the Arctic.The video covers essential topics such as actions to take upon hearing the alarm, what to expect in lifeboats or life rafts…
Four Seasons Yachts Appoints New Chief Executive Officer

Four Seasons and Marc-Henry Cruise Holdings Ltd., Joint Owner and Operator of Four Seasons Yachts, announce the appointment of Ben Trodd as Chief Executive Officer of Marc-Henry Cruise Holdings Ltd., effective July 1, 2025. A trusted leader with global experience in luxury hospitality, Trodd brings a combination of strategic acumen, operational expertise, and a deep understanding of the Four Seasons brand.
Bulgaria Investigates 2023 Gas Deal With Turkish Gas Company

The Sofia city prosecutor's office said on Wednesday it had conducted an investigation into a 2023 gas deal between Turkish state gas company Botas and Bulgaria's Bulgargaz and searched the home of a former energy minister.Bulgargaz and Botas signed a 13-year deal in 2023, allowing Bulgargaz to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.However…
American Cruise Lines Christens American Patriot Vessel in Newport

American Cruise Lines christened American Patriot in Newport, Rhode Island last week—celebrating the holiday and simultaneously marking the countdown to the country’s 250th birthday on July 4, 2026. American Patriot is the first ship in the company’s new Patriot Class—a fleet of new 130-passenger ships designed for exclusively cruising the U.S.A. Patriot Class sister ships, American Pioneer, American Maverick…
Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO

In recent days, two ships have now been attacked in the Red Sea. One has sunk and the other has suffered extensive damage. These vessels have been attacked with callous disregard for the lives of innocent civilian seafarers and as an inevitable but terrible consequence, seafarers have been killed.We join with the IMO Secretary General in his denunciation of the attacks and we call on all stakeholders…