Contracts News

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…

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…

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…

Belgian company DEME Group was the sole firm to bid in the Argentine government's tender for a major maintenance contract for the Parana waterway, a key route for grains transport, the government said on Wednesday.The bid could mark a major shakeup in dredging the river, part of a route from inland areas of Paraguay, Bolivia and southern Brazil out to sea. Argentina ships out some 80% of its massive farm exports along the waterway.Belgian rival Jan de Nul currently holds the concession to maintain the river and has for decades…

Seaward Services, Inc. (SSI), a subsidiary of Hornblower Group, has been awarded a new five-year contract by the U.S. Navy for the continued operation and maintenance of the USNS Guam. This contract, secured through a competitive bidding process, will take effect in March 2025.Seaward has been the primary operator of the USNS Guam since 2013, overseeing its delivery from Norfolk, Virginia, to its current homeport in Okinawa, Japan, in 2017. The 107-meter high-speed troop transport vessel plays a vital role in the Western Pacific…

SANMAR signed a contract with PORT FLOT – BURGAS, one of Bulgaria’s leading towage companies, to build a multi-purpose tug to join its fleet, providing services in the Bay of Burgas.The new tugboat will be one of the Turkish tug-builder and operator’s Boğaçay Series and to be known as BOĞAÇAY LXXXI while under construction. It will be based on the exclusive-to-SANMAR RAmparts 2400SX-MKII design from Canadian naval architect Robert Allan Ltd.PORT FLOT - BURGAS has more than 35 years of tradition in the maritime business at Burgas Port…

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced that its Hunt Valve operation has been awarded purchase orders totaling $96 million to provide valves in support of the construction of 12 new Virginia-class and five Columbia-class submarines. This includes ship service ball valves and forged high-pressure system valves.The contract makes Fairbanks Morse Defense among the largest suppliers to these submarine programs. It also guarantees Hunt Valve work for the next 5+ years…

Konecranes has received its fifth portal jib order from the US Navy, part of an agreement initially announced in December 2019. This latest process crane order, worth $46.8 million, was booked in November 2024 and the jib will be delivered to the Norfolk Naval Shipyard in Virginia. The US Navy has the option for 2 additional portal jib cranes over the next 2 years, putting the potential total value of the agreement at around the previously estimated $330 million.The 175-ton heavy-lift portal crane will be built in Wisconsin and installed at Norfolk, the Navy's largest shipyard on the country’s east coast. The newest crane is similar to previous orders: customized design with unique features that allow the crane to operate on straight or curved tracks.

DFDS was selected as the preferred bidder to take on the 15-year contract to provide ferry life-line freight service and passenger services to Jersey of the Channel Islands from March 28, 2025. “We are thrilled to have been selected as preferred bidder tender for the ferry service to Jersey. This opportunity allows us to bring our commitment to safety, reliability, and exceptional customer service to both residents and visitors of Jersey. We understand that a reliable ferry service is vital for Jersey, for the economy, and for providing essential supplies and access to medical services, and we look forward to serving the local communities on Jersey for many years to come,” says Filip Hermann, VP BU Channel & Baltics.

New MPV brings increased versatility to workboat sector.Damen Shipyards Group and Herman Sr. have signed a letter of intent (LOI) for the construction of a new Multi-Purpose Vessel (MPV) 4916. The LOI was signed during the Offshore Energy exhibition in Amsterdam on 26 November by Jeroen van Woerkum on behalf of Damen and Chris and Erwin van Dodewaard of behalf of Herman Sr.Next level versatilityThe MPV 4916 will be the first in a series of vessels combining the qualities of the…

BlastOne International announced that it has been chosen by Irving Shipbuilding Inc. (ISI) to construct a cutting-edge three bay paint hall as part of the River-class Destroyer (RCD) Infrastructure Project.This initiative is essential for enhancing ISI’s facilities to support the production of RCD vessels in support of Canada's National Shipbuilding Strategy.Under this project, BlastOne will be responsible for designing and building the new paint and blast facility at the Halifax Shipyard.

Thecla Bodewes Shipyards  signing of a shipbuilding contract with Navigare Shipping, a family-owned shipping company from the Faroe Islands four new vessels, the start of a fleet renewal process for Navigare Shipping. This is the first newbuild series order for the shipowner.The GADUS 5600, designed by Thecla Bodewes Shipyards, is designed and built to revolutionize cargo transportation and embodies efficiency, sustainability, and versatility, sporting a diesel-electric propulsion system to deliver performance and fuel efficiency.

Silverback Marine has been awarded a multimillion-dollar DoD contract for its new OX series truckable tractor tug.Designed in collaboration with Elliot Bay Design Group of Seattle, Silverback Marine partnered with Darley Defense to secure the contract. Thespecific department of the DoD will remain anonymous until the first vessel is delivered, scheduled for late 2025.For illustrative purposes, Silverback Marine received permission from industry friends including Tradewinds Towing…

Estonian State Fleet announced a call for tender for the design and construction of a new, battery-powered electric ferry to serve the main islands in Estonia. "I’m proud to see Estonia leading the way in adopting environmentally sustainable technologies in the maritime sector to achieve this," said Estonian Minister of Infrastructure, Vladimir Svet. "The new ferry will be similar in size and capacity to the existing vessels but will be significantly more economical and environmentally sustainable."The new ferry will primarily be powered by green electricity…

Telemar, a provider of smart maintenance and remote access technologies, signed an agreement with GNV (Grandi Navi Veloci) to provide safety maintenance services on its growing fleet.GNV has awarded Telemar a contract for management and maintenance of GMDSS and navigation safety installations on its newbuildings GNV Polaris, GNV Orion and GNV Virgo, constructed at CSSC shipyard Guangzhou. These new ships, which will boost ferry services in the Mediterranean and beyond, mark a…

DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years.Arbol Grande is a construction and subsea vessel, delivered in 2003 with specifications tailor made for the Mexican market. The vessel has been used as an accommodation and topside maintenance support vessel for several IMR contracts involving saturation- and air diving, as well as other light construction…

China Merchants Energy Shipping Co Ltd will purchase 10 tankers in total from Dalian Shipbuilding for a total of $921m. Of the 10, five of the ships will be VLCCs; five will be Aframax takers.

Svanehøj won a contract to supply 32 deepwell fuel pumps for a new series of ammonia dual-fuel, 210,000-DWT bulk carriers.As a subcontractor to the AFSS supplier SunRui Marine Environment Engineering Co., Ltd., Svanehøj will provide four Deepwell (DW) NH3 Fuel Pumps for each of the first eight vessels in the series, totaling 32 fuel pumps with the first delivered in Q4 2024.To date, Svanehøj  has more than 2,000 ammonia-ready marine pumps in operation or on order, including nearly 100 fuel pumps.

Babcock International Group (Babcock) was selected by Saab to support the design for the development of the Swedish Navy’s new Luleå-class Surface Combatant.Saab, commissioned by FMV, the Swedish Defence Materiel Administration, will design four ships for the Swedish Navy.Babcock will initially provide engineering support including structural design and auxiliary systems, supporting Saab to complete the basic design phase.

Viking Life-Saving Equipment won a new order for 11 ambulance boats from the Hellenic Coastguard.The Viking Norsafe Munin S-1200 ambulance boats will be used to support emergency services and auxiliary healthcare in remote areas, including the islands of Thassos, Psara, Agios Efstratios, Fournoi, Kea, Lipsi, Kasos, North Evia, Zakynthos and Creta (Sfakia, and Ierapetra).Manufactured in Greece, the Viking Norsafe Munin S-1200 is the largest boat currently offered by VIKING and is designed to operate safely up to Beaufort force 8 and at wave heights up to 4m.

Vestdavit landed its biggest-ever order, a deal to deliver  davits for six multi-purpose vessels being built for the Canadian Coast Guard at Seaspan Shipyards in Vancouver. It will initially provide a total of six FF-15000 davit systems - one for each vessel - with options for another 10 units. This follow an order that it won last year with Seaspan to supply RHIB davits for the Polar Icebreaker also under construction for the Canadian Coast Guard.The hydraulically operated FF-15000…

EDGE and Fincantieri have formalized the launch of a joint venture dubbed MAESTRAL, a JV created in the shipbuilding sector based in Abu Dhabi. The JV is aiming to capture global opportunities in the design and manufacturing of naval vessels. EDGE holds a 51% stake in the JV, with pre-emptive rights for non-NATO orders along with a number of strategic orders placed by selected NATO member countries, with a commercial pipeline of orders estimated to be worth around $32.6 billion.The…

Eastern Shipbuilding Group (ESG) won a contract to build a new auto and passenger ferry for the Fisher Island Community Association, Inc. (FICA) in Florida. The vessel will be built at ESG’s Allanton and Port St. Joe facilities and is expected for delivery in Spring 2026.“Eastern Shipbuilding Group (ESG) delivered the vehicle passenger ferry HERON to the Fisher Island Community Association, Inc. (FICA) over 20 years ago, and we understand that she has been the most reliable ferry in their fleet.