Havila Acquires Polarsyssel Offshore Supply Ship

Havila Holding, through its subsidiary Havila Skipsinvest, has acquired the Polarsyssel offshore supply ship from Fafnir Norway.Polarsyssel serves as the Governor of Svalbard’s service vessel and plays a key role in safety and emergency preparedness in the region.The ship patrols the waters around Svalbard and carries out inspection and enforcement tasks, search and rescue missions, environmental monitoring, and oil spill response.Fafnir has owned the vessel since it was delivered in 2014, while Havila has been responsible for the daily operations since 2015.
Siemens Executive, Family Die in New York Helicopter Crash

Germany's Siemens said on Friday that Agustin Escobar, the company's global CEO for its Rail Infrastructure division, was killed with his family in a New York helicopter crash on Thursday."We are deeply saddened by the tragic helicopter crash that claimed the lives of Agustin Escobar and his family. Our deepest condolences go out to all of his relatives," Siemens said.(Reuters - Reporting by Dave Graham, editing by Thomas Seythal)
Delfin Secures Key Permits for First Offshore LNG Export project in US

U.S.-based liquefied natural gas (LNG) export infrastructure development company Delfin Midstream has secured key permits and approvals for the construction of LNG projects, under development in Louisiana and offshore in the Gulf of America.On March 21, 2025, Delfin LNG, a subsidiary of Delfin, received a license from the Maritime Administration (MARAD) authorizing Delfin LNG to own, construct, operate, and eventually decommission a deepwater port, to export LNG from the United…
RWE Drops Bubble Curtain to Silence Construction Noise at Sofia Offshore Wind Farm

RWE has deployed a bubble curtain technology in the U.K. for the first time to protect marine life from the construction noise at its Sofia offshore wind farm.RWE has been working with Hydrotechnik Offshore to introduce an innovative underwater noise-abatement technology, known as a bubble curtain, for offshore wind farm construction in the U.K.The deployment at the Sofia offshore wind farm, located 195km off the coast of England, represents a significant step in protecting marine life from underwater noise generated during piling activities.The bubble curtain…
Ireland Commits to More Offshore Wind Auctions Amidst Industry Struggles

Ireland will go ahead with at least three more offshore wind auctions by the end of this decade, its marine minister told Reuters on Thursday, adding that it was unlikely the country would meet its target of 80% of electricity generation from renewable sources by 2030.The commitment to offshore wind comes despite a vicious cycle of inflationary pressure, higher interest rates and bottlenecks in the supply chain which have caused auctions to fail and cancellations and postponements of projects around the globe."There'll be probably three more auctions…
Ofgem: May Reject Penalty Exemption for National Grid-SP Energy Project

Britain's energy regulator Ofgem does not believe an electricity transmission project developed by National Grid Electricity Transmission and SP Energy Networks qualifies to be exempt from penalties related to delays, it said on Thursday.The joint venture between the units of National Grid NG.L and Spain's Iberdrola IBE.MC had requested a 480-day exemption from penalties related to completion delays on the Eastern Green Link 1 (EGL1) due to global supply chain issues and capacity shortages.The project comprises subsea and underground cables linking Scotland to north-east England…
Bardex in the Running for 2025 Ventus Award With OmniCrane™

Bardex, a global leader in products and engineering services that tackle marine-based challenges, is honored to be a Ventus Award finalist. The awards, in eleven categories, recognize and celebrate people and products that advance the feasibility and adoption of offshore wind and other ocean renewables. Bardex was selected as one of four finalists in the Health, Safety & Environment category for its proprietary OmniCrane, which, among its benefits, virtually eliminates the risk…
Subsea7 Secures Contract Extension for Seven Viking Subsea Vessel

Eidesvik Seven Chartering, a joint venture company between Subsea7 and Eidesvik Offshore, has entered into an agreement with Subsea7 to extend the contract for the subsea vessel Seven Viking.Subsea7 declared the remaining option for 2026 and 2027 was added as a firm year in addition to an option for 2028.The 2027 and 2028 rates are based on current market terms. “We are very pleased to see this new contract for Seven Viking and look forward to continuing our long and strong collaboration with Subsea7…
Fincantieri, Accenture Launch JV for Cruise, Defense and Ports Digitalization

Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be owned 70% by Fincantieri NexTech – a subsidiary of the Fincantieri Group – and 30% by Accenture.The initiative stems from a memorandum of understanding (MoU) signed in July 2024 and combines Fincantieri’s technological expertise in the naval sector with Accenture’s advanced digital capabilities and digital engineering and manufacturing expertise.
Trump Signs Executive Order to Revitalize US Maritime Industry

U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order directs the creation of a Maritime Action Plan (MAP) to revitalize U.S. maritime industries, which will provide a strategy with specific actions to restore and create sustained resiliency for the American maritime industry.Up until now, government procurement processes and over-regulation have hindered private industry’s ability to build vessels on time and on budget…
MOL Looks to Seize Opportunities as Trade Routes Shift Due to Tariffs

Mitsui O.S.K. Lines (MOL), Japan's second-largest shipping company, aims to capitalize on opportunities that emerge from a shift in trade routes driven by new U.S. tariffs, CEO Takeshi Hashimoto said.The highest U.S. tariffs in more than a hundred years came into force on Wednesday, roiling global markets."Trade routes will inevitably be reshuffled," Hashimoto told Reuters in an interview on Tuesday."We'll likely see increased trade from low-tariff countries and declines from high-tariff ones…
OEG Unveils Geometry Assurance Software for Ships and Subsea Vessels

OEG Energy Group (OEG) has officially unveiled GEOBASE, an offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard ships and subsea vehicles to feature calibration software.It has been developed as a database to help document survey vessel geometry and standardize the measurement of vessel dimensions, sensor placements, and reference points.Alongside this, it processes the calibration and verification for all installed heading and attitude sensors…
DOF Gets Subsea Mooring Installation Job in Asia Pacific

Norwegian offshore supply vessel operator DOF Group has secured a contract for subsea mooring installation services in Western Australia.Under the contract, DOF will use Skandi Hercules construction support vessel (CSV) with for moorings and installation subsea services.The scope of work includes DOF’s in-house project management and engineering, procurement and logistics support services.Skandi Hercules CSV has two permanently installed WROV systems and a 250Te AHC craneOffshore…
DEME to Buy Havfram in $985M Deal

Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's ambition to expand its footprint in the offshore wind energy market and enhances its competitive positioning in turbine and foundation installations.Havfram is a Norwegian offshore wind infrastructure company focused on providing transport and installation to the offshore wind sector.
Wood Mackenzie Slashes Five-Year US Wind Energy Outlook

A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy.Wood Mackenzie expects the United States to install 45.1GW of wind, both onshore and offshore, through 2029. It had originally forecast installations of 75.8GW over that period, the firm said in a statement.U.S. power consumption is expected to rise to record highs in 2025 and 2026, jumping nearly 3% this year from 2024's all-time high…
WindPort, Port Esbjerg Team Up for Norwegian Offshore Wind

One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint project development and knowledge sharing in areas such as quay design, logistics, sustainable energy practices, and new fuel technologies.Sharing knowledge and experiences to power and scale the offshore wind industry are at the core of the agreement.Port Esbjerg brings expertise in handling large offshore installations…
Stillstrom and Panama Canal to Explore Offshore Charging Technology

Stillstrom by Maersk and the Panama Canal Authority (ACP) have signed a Memorandum of Understanding (MOU) to explore the implementation of Stillstrom’s offshore charging technology to reduce emissions from vessels idling in and around the Panama Canal.Handling approximately 14,000 vessels annually, the Panama Canal is a critical artery of global commerce. The Canal’s strategic position makes it a focal point for maritime sustainability, and in recent years, ACP has taken significant steps toward decarbonization.
US Offshore Wind Projects Slow

Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump's administration.Offshore wind was a key pillar of former President Joe Biden's promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs, impairments and other cancellation fees after determining they could no longer complete projects profitably due to rocketing construction costs…
Asian Spot LNG Prices Remain at Six Month Low

Asian spot liquefied natural gas (LNG) prices remained at their lowest level in nearly six months on Friday as U.S. President Trump's "liberation day" tariffs pulled global markets down amid fears of a global recession.The average LNG price for May delivery into north-east Asia LNG-AS remained unchanged from last week at $13.00 per million British thermal units (mmBtu), the lowest level since October 11, industry sources estimated."The risk of a global trade war and economic slowdown is pulling down global stock markets and fears of slower growth will impact energy prices too…
CPC: Russian Court Rules Not to Suspend Oil Export Terminal

The Caspian Pipeline Consortium (CPC) said on Friday that a Russian court ruled that its Black Sea export terminal facilities should not be suspended, in a major victory for the Western-backed consortium.The decision looks set to avert a potential fall in Kazakhstan's oil production and supplies via the CPC, which accounts for around 80% of the country's oil exports.Industry sources told Reuters about a flurry of diplomatic activity over the pipeline's operations between Russia and Kazakhstan before the court ruling.Russia's oil pipeline monopoly Transneft said on Thursday that its head…
Russian Seaborne Diesel Exports Fell in March, According to Data

Russia's seaborne diesel and gasoil exports fell in March after unplanned maintenance on local refineries, LSEG and market sources data showed.Drone attacks in January and February hit Russian refineries owned by Rosneft at Ryazan, Syzran and Saratov, as well as Lukoil's Volgograd refinery.Traders said the resulting fall in processing led to lower oil products exports in March.In total, diesel and gasoil exports from Russian ports fell to about 3.8 million metric tons, down 5% from February, Reuters calculations based on LSEG and market sources data showed.Turkey and Brazil remained the main i
Tanker Barred From India, Transferring its Russian oil at Sea

An ageing tanker loaded with Russian oil that was barred by Indian authorities is transferring its cargo to a second ship to complete the delivery, according to two sources and ship tracking data.The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said.While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude…
Liebherr Equips Agogo FPSO with Two Offshore Cranes

Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of the type RL 2600 (Ram Luffing 2600) and RL-K 2600 (Ram Luffing knuckle boom 2600) have been sold to Yinson Production, which is in charge of the provision, operation and maintenance of the Agogo FPSO.The cranes, with a maximum lifting capacity of up to 30 tonnes and a maximum boom outreach of over 30 metres each…
MOL, BHP Wrap Up Biofuel Bunkering on Capesize Bulk Carrier

Mitsui O.S.K. Lines (MOL) has completed a biodiesel-blended marine fuel (biofuel) bunkering on its capsize bulk carrier, Midnight Dream.In March 2025, the vessel was supplied with about 1,000 tons of biofuel in Singapore, initiating MOL’s first biofuel utilization in collaboration with BHP Group on a capesize bulk carrier.Biofuel is made from organic resources (biomass) of biological origin, such as agricultural residues and waste cooking oil.The biofuel bunkered in the most recent operation is a blend of about 24% biodiesel (B24) with Very Low Sulphur Fuel Oil (VLSFO)…
Venture Global's Calcasieu Pass LNG Terminal Receives FERC Approval

The Federal Energy Regulatory Commission has granted approval to U.S. LNG developer Venture Global Inc to commence service on the remainder of the facilities at the Calcasieu Pass LNG Terminal in Louisiana, according to a filing on Thursday.Last week, U.S. LNG developer Venture Global had asked federal regulators for permission to begin operations at its entire Calcasieu Pass LNG export facility and TransCameron pipeline project, the final step before moving to commercial operations."Venture…
Mitsubishi May Consider Investing in Alaskan LNG, says CEO

Japanese trading house Mitsubishi Corp may consider investing in an LNG project in Alaska, though any decision will require careful review, Chief Executive Katsuya Nakanishi said on Thursday.An Alaskan delegation visited Japan last week to brief policymakers and meet possible backers of the $44 billion natural gas project in the U.S. state, which is part of President Donald Trump's push to boost U.S. gas exports."We have been approached and are considering it," Nakanishi told reporters when asked about possible participation in the Alaska LNG project."However…
Worley Secures Work on German LNG Terminal

Worley has secured a contract by German state-owned Deutsche Energy Terminal (DET) for Phase 2 of the Brunsbüttel Floating Storage Regasification Unit (FSRU) terminal in Brunsbüttel, Germany.Under the contract, Worley will provide construction, installation and commissioning services, through its offices in the United Kingdom and Germany.Separately, Worley is also providing engineering and procurement services.DET, a wholly owned subsidiary of the German federal government, states…
Miros Launches Cloud-based Oil Spill Detection Monitoring Tool

Miros expanded its product line with the launch of the Oil Spill Detection (OSD) Monitoring application in Miros Cloud.Designed to run on top of Miros’ OSD system, the solution introduces a new level of real-time visibility, centralized collaboration, and full accountability for offshore operators and proactive oil spill management. In an industry where oil spills demand instant action, OSD Monitoring empowers users to monitor, track, and respond faster than ever before, minimizing environmental impact.
Stena Line Introduces Wind-Assist RoRo Concept

Stena Line has announced the concept for a new generation vessel: Stena Futuro, a 240-meter-long roro intended for transporting semi-trailers and cars.The hull and superstructure have been optimized to achieve the most efficient use of cargo space possible. At the same time, low weight and optimized hydro- and aerodynamics are central to achieving low fuel consumption.In addition to the vessel’s design, Stena Futuro will be equipped with technology to limit its environmental footprint.
Louis Dreyfus, MaDfly Launch ROV in Open Sea Operations

Louis Dreyfus Armateurs (LDA) and MaDfly have deployed a remotely operated vehicle (ROV) in open sea conditions, marking a breakthrough in offshore in-water surveys.The operation was conducted on the service operation vessel (SOV) Wind of Hope next to the Hornsea 2 wind farm in England, marking a significant advancement in offshore inspection technologies.The innovative in-water survey was performed by MaDfly’s expert team under the supervision of the classification society Bureau Veritas.According to LDA…
A.P. Møller Makes All-Cash Offer to Take Svitzer Private

A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.The offer price values Svitzer's total share capital at approximately $1.3 billion (DKK 9.0 billion) and represents a premium of 31.7% against to the closing share price April 1…
NYK, Partners to Develop Renewable Energy-Powered Floating Data Center

NYK Line, NTT FACIITIES, Eurus Energy Holdings Corporation, MUFG Bank, and the city of Yokohama have signed a memorandum of understanding (MoU) for a demonstration project of an offshore green data center, utilizing a mini-float installed as a disaster countermeasure.On a mini-float, spanning 25 meters in length and 80 meters in width, installed off Osanbashi Pier in Yokohama City, the partners will test an offshore floating data center fully powered by renewable energy generated by solar power and battery energy storage systems.Based on the results…
Shell Condemns Australia's LNG Plans

Shell warned on Tuesday that a proposal in Australia to force more export gas into the domestic market could end up deterring investment and exacerbating shortages.Ahead of Australia's May 3 general election, energy has emerged as a major campaign issue with the conservative Liberal-National coalition pledging to bring down power bills and prevent a looming shortage on the east coast through a gas reservation scheme.However, Shell Australia Chair Cecile Wake said export controls…
Yang Ming Buys Three Methanol Dual-Fuel Containership Newbuilds

Taiwanese shipping firm Yang Ming Marine Transport Corp has purchased three 8,000 TEU methanol dual-fuel-ready container ships from Japanese ship leasing company Shoei Kisen Kaisha.The vessels, being built by Imabari Shipbuilding, are scheduled for delivery between 2028 and 2029.Yang Ming said the acquisition will strengthen its global service network and reinforce its commitment to providing customers with reliable and sustainable transportation service.To support business growth and maintain core competitiveness…
Zelim Signs First Cruise Line Client for its Man Overboard Detection System

Zelim, an Edinburgh-based maritime safety innovator, has signed an agreement with Ambassador Cruise Lines for the installation of its ZOE man overboard (MOB) detection system on Ambition cruise ship, marking its entry into the global cruise ship sector.Zelim is fitting out the 1,200-passenger capacity cruise ship with a full ZOE installation to deliver instantaneous detection and tracking of persons in the water following MOB incidents.The installation – comprising multiple infrared and daylight cameras…
EU Ban on Russia's LNG Re-Exports Comes Into Effect

The European Union's ban on re-exporting Russian liquefied natural gas (LNG) via EU ports, which aims to reduce Moscow's revenues after its invasion of Ukraine, came into effect this week.The ban, which prohibits the reloading of Russian cargoes at EU ports for export to third countries, was imposed in June 2024, with a moratorium until March 26, 2025 for contracts signed before June 25 last year.Gas market experts say the measure would have little impact as trans-shipments via EU ports to Asia represent less than 10% of total Russian LNG exports…
Sanctions Cut Russia's Sovcomflot 2024 Transportation Volumes

Russia's leading tanker group Sovcomflot's saw transportation volumes drop around 16% to 63 million metric tons last year compared to 2023, Russian news agency Interfax reported on Friday, citing the group's CEO Igor Tonkovidov as saying.The United States and the European Union imposed sanctions on state-controlled Sovcomflot and its fleet in 2024 in an effort to reduce Russia's revenue from oil sales that it can use to finance its war in Ukraine. The company's net profit dropped by 55% to $424 million last year.Sovcomflot hopes that the transportation volume of oil…
Wallenius Wilhelmsen Inks $380M Contract Renewal with European Client

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has renewed a shipping contract with a European based automotive manufacturer, lasting five years.The contract has an estimated value of $380 million over the contract period.The new five-year contract lasts starts on April 1, 2025, with the rates are in line with current market levels, according to the company."We are pleased to announce this multi-year agreement with a long-term customer strengthening our existing…
NYK Concludes First Demo of Ammonia-Fueled Tugboat for Commercial Use

The world’s first commercial-use ammonia-fueled vessel, Sakigake, has completed a three-month demonstration voyage, achieving a GHG-emission reduction of up to approximately 95%.The vessel was completed by Nippon Yusen Kabushiki Kaisha (NYK) and IHI Power Systems (IPS) on August 23, 2024, in cooperation with Nippon Kaiji Kyokai (ClassNK) as part of a Green Innovation Fund Project under Japan’s New Energy and Industrial Technology Development Organization (NEDO).The development project of this vessel started in October 2021 and completed in August 2024…
Fugro’s Geophysical Survey Vessel Brought Safely to Port

Dutch geological data specialist Fugro, has reported that its Fugro Mercator vessel, which run aground off Italy, has been safely towed to a shipyard for inspection.The 42-meter long geophysical survey vessel had run aground on the north coast of Elba on March 22.With no injuries to people and no harm to the environment, Fugro is thankful that the impact of the incident has remained limited.The vessel will now be fully inspected at the shipyard. Fugro will also conduct a full…
Attack on Guyana, Exxon Would Be 'Bad Day' for Venezuela, Rubio Warns

U.S. Secretary of State warned Venezuela on Thursday that it would be "a very bad day" for the South American country if it were to attack its neighbor Guyana or U.S.-based energy giant ExxonMobil, in comments that threatened unspecified action in such a case.Caracas condemned Rubio's remarks, made during a visit to Guyana's capital.Guyana and Venezuela are locked in a long-running dispute about which country has rights over the 160,000-square-km (62,000-square-mile) Esequibo area…
Gas Project with Venezuela Goes Full Steam Ahead, Trinidad PM Says

Companies planning a flagship offshore gas project between Venezuela and Trinidad and Tobago "have not slowed down" work, Trinidad Prime Minister Stuart Young said on Thursday, despite the United States increasing pressure on sanctioned Venezuela and uncertainty over the extension of a license for the project.Following talks with U.S. Secretary of State Marco Rubio, who is visiting South American and Caribbean countries this week, Young said the "landscape is changing," referring…
Kongsberg Maritime Launches Advanced Simulator for Maritime Training

Kongsberg Maritime has launched the K-Sim Offshore DP3 Anchor Handling Simulator, designed for training for complex offshore operations.With an investment of over $322,000, the innovative training solution is designed to elevate competency standards, enhance operational efficiency, and promote sustainability across the sector.Additionally, it focuses on improving maritime safety by supporting our local customers and partners in ensuring safe operations and reducing risks in critical maritime activities.Situated at Kongsberg Maritime’s Aberdeen office in Westhill…
Tourist Submarine Sinks Off Egypt Killing Six

Six foreigners were killed on Thursday when a tourist submarine sank off Egypt's Red Sea resort city of Hurghada, the local governor's office told Reuters, without confirming the nationalities of the victims.The Russian consulate in Hurghada said the submarine, named "SINDBAD", had 45 Russian tourists on board in addition to crew members.The consulate said four people had died, but did not specify if they were Russian."According to initial data, most of those on board were rescued and taken to their hotels and hospitals in Hurghada," the consulate said.The fate of several tourists was still be
NYK Group’s N-O-G Buys its First SOV From Edda Wind

Northern Offshore Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean.N-O-G owns more than 60 crew transfer vessels (CTVs) and has previously managed SOVs, but this is its first owned SOV. An SOV is a large ship that transports workers and materials to construct and maintain offshore wind power generation facilitiesAdding…
BP Mulls Shedding two US Offshore Stakes

BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter.The potential divestments could involve selling up to 50% of each project, which are estimated to be worth billions of dollars, the sources said. Discussions are still in the early stages, and a formal sales process may launch later this year.The move comes as BP retreats from an earlier pivot toward clean energy…
PEAK Wind Enters into OMA to Oversee Wind Farm Operations

Fengmiao I, a 495 MW offshore wind farm, has reached a financial close. The project is owned by Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure V (CI V).PEAK Wind has entered into an Operations Management Agreement (OMA) to oversee the operations of Fengmiao I, ensuring its efficient and reliable performance as the project progresses. The OMA will provide operational management continuing to build up a strong Taiwan Operations setup–all with…
Norden Lines Up Two Capesize Newbuilding Leases

Danish shipping company Norden has announced the addition of two Capesize newbuilding leases with purchase options, reinforcing the company’s commitment to building a highly efficient and modern Capesize fleetThe vessels will be built in Japan with expected deliveries in 2026 and 2027.This brings Norden’s core fleet of owned and leased Capesize vessels to 13 ships, including seven newbuildings, with an average age of two years.“This will enhance our ability to serve customers…
MPCC Sells Five Container Ships as Part of Fleet Optimization Effort

MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an undisclosed buyer. The average age of the seven sold vessels is 17 years.The five vessels will be sold with the existing charters attached, which will reduce the revenue backlog by approximately $40 million, subject to the respective handover dates, of which $24 million relates to 2025.The vessels are sold to unrelated parties…
Cadeler Welcomes Wind Pace WTIV Newbuild to its Fleet

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.
TechnipFMC Awarded Major Contract for Gato do Mato

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil.In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.Jonathan Landes…
OCIMF Updates Guidelines on Safe Single Point Mooring for Tankers

The Oil Companies International Marine Forum (OCIMF) has published a revision of its Guidelines for the Purchasing and Testing of SPM Hawsers – critical equipment used to ensure the safe mooring of tankers during the loading and discharging of oil cargoes from offshore facilities.Single point mooring (SPM) hawsers connect tankers to FPSOs, FSOs or offloading buoys. Testing and specification of SPM hawsers is crucial for ensuring the hawsers have the required strength, durability and reliability to perform safely and effectively under demanding circumstances…
Keel Laying for Wind Flyer Trimaran Crew Boat

Aesen, in partnership with its Thailand joint venture Uniwise Offshore, marked a milestone in offshore boat innovation with the keel laying of the WIND Flyer Trimaran Fast Crew Boat. This event, held at Marsun Public Company Limited, represents the commencement of a next-generation vessel that it says will redefine offshore crew transport.Developed in collaboration with Chevron Thailand Exploration and Production, Ltd., the WIND Flyer is designed for high-speed transit of up to 34 knots…
Delfin LNG, SEFE ink 15-year LNG Supply Deal

Delfin LNG and German company Securing Energy For Europe (SEFE) have signed a 15-year agreement for 1.5 million tons of U.S. LNG per annum, the companies said on Tuesday.Under the agreement, liquefied natural gas would be exported from floating LNG (FLNG) vessels that Delfin wants to deploy off Cameron Parish, Louisiana, Delfin said in a press release.The free-on-board deliveries will commence immediately following the construction and commissioning of the FLNGs, Delfin said.It did not provide a timeline.
Port & Terminal Technology USA Set for Miami

Port & Terminal Technology USA has established itself as a must-attend key industry event. Its huge success over the last thirteen years is attributed to overwhelming positive feedback from attendees and the event’s growing list of returning exhibitors. As such, MCI Media Limited is delighted to announce that the 14th Conference & Exhibition will take place in Miami, Florida and is officially supported by PortMiami. An informative technical programme delivered by numerous industry experts will cover the very latest developments…
BOS Princess Becomes Geotechnical Drilling Vessel

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…
IACS Publishes New Recommendation on 3D Printing

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…
Germany Seizes Russian ‘Shadow Fleet’ Oil Tanker

Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, Spiegel news magazine reported on Friday, citing security sources.The Panama-flagged ship, called Eventin, was secured by German maritime authorities after being found off the Baltic Sea island of Ruegen, prompting Berlin to sharply rebuke Moscow. The tanker had been heading from Russia to Egypt.Spiegel reported that a confiscation order has been issued for the tanker…
GTT’s Ascenz Marorka Adds Americas to Fleet Performance Monitoring Tool

Ascenz Marorka, GTT’s smart shipping arm, has expanded its real-time fleet performance monitoring service to cover the Americas.Following deployments in France and Singapore, the extension to Vancouver strengthens Ascenz Marorka’s global reach.With operations now spanning three key locations, Ascenz Marorka ensures round-the-clock support, helping ship-owners, charterers, and ship managers maintain seamless and efficient operations across multiple time zones.Ascenz Marorka’s real…
Houlder Joins COMLink Project for More Efficient Vessel Designs

Houlder, a design and engineering consultancy, has entered into collaboration with Siem Shipping UK and the University of Southampton on the COMLink Design Tool project, which aims to improve predictions of wave resistance in early-stage ship design to deliver more efficient vessel operations. The Conceptual, Operational, Modelling Linked (COMLink) Design Tool project has been established to tackle the challenge of accurately predicting the added power needed for ships to operate effectively in waves.
Production of e-Ammonia in Developing Countries Bears Double Costs, Study Shows

A new study released by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies, even when renewable energy resources such as onshore wind and solar are superior. The report, "The Cost of Capital Challenge in Delivering a Just and Equitable Transition for Shipping," compares the costs of producing e-ammonia - a promising low emission shipping fuel - across Australia, Brazil, India, and African nations.
Norden Sells Five Vessels to Streamline Asset Portfolio

Danish shipping company Norden has sold five vessels since, retaining 20 owned vessels and 79 long-term leases with purchase options in its fleet.Out of the five sold vessels, three of them were declared purchase options and comprised of two Kamsarmaxes and one Ultramax vessel.In addition to the declared purchase options, we have also sold one MR tanker vessel from the active owned fleet, as well as one Ultramax newbuilding which is scheduled to deliver at the end of 2025.The…
Six DOF Vessels Set to Sail to Africa for Multi-Million Dollar Subsea Job

Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa.Under the contract, DOF will deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures.DOF will also install a floating production unit on behalf of the client, offshore Africa.Offshore execution is planned in second half of 2025 and is expected to involve six DOF vessels and more than 450 vessel days…
Xenos Marine Acquires Heavy Lift Vessel

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.
Subsea7 to Keep Solstad’s Normand Subsea Vessel Busy for Years

Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options, with the start on January 1, 2026.On contract with Sbusea7 since 2009, Normand Subsea is a 113-meter-long vessel, built in 2009, featuring VS 471 design.The versatile Inspection, Maintenance and Repair (IMR) vessel is capable of accommodation 90 people.In mid-2024…
Crowley’s American Energy LNG Carrier Enters Domestic Service

Crowley has raised the U.S. flag on American Energy, marking the start of operations of the first domestic liquified natural gas (LNG) carrier to transport U.S.-sourced natural gas to Puerto Rico.Crowley and Naturgy have entered into a multi-year agreement that provides for the regular delivery of the U.S. mainland-sourced LNG to Naturgy’s operating facility in Penuelas, Puerto Rico. This will provide Puerto Rico with increased access to the reliable supply of U.S.-produced LNG, helping address the island’s ongoing power demands.
Yemen's Houthis to Continue Attacks on Isreal-Linked Shipping in Red Sea

Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.Jamal Amer spoke to Reuters late on Monday after the U.S. launched a wave of strikes in areas of Yemen controlled by the Iran-aligned Houthis, who said last week they were resuming attacks on Red Sea shipping to support Palestinians in Gaza.Two senior Iranian…
MOL Charters Two More VLEC Newbuilds to SCG Chemicals

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…
UK Appoints Cammell Laird Shipyard to Assess Future Market for OW Vessels

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…
Salvage Efforts for Stena Immaculate Tanker Continue in North Sea

Stena Bulk, the owner of the Stena Immaculate oil tanker, said it is working closely with the manager of the vessel Crowley and U.K. agencies following the last week’s allision with incident the container ship Solong.Salvage experts from SMIT Salvage are continuing with their detailed onboard assessments of Stena Immaculate.As of March 16, the third-party salvage team has confirmed that damage resulting from the containership Solong striking the Stena Immaculate was limited to one cargo tank containing Jet A-1 fuel and one ballast tank containing sea water.At the time of the allision…
DOF Hooks FPSO Installation Job Off Africa

Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa.DOF will deliver project management, engineering, logistical services and offshore execution.The contract value has been deemed ‘significant’ by DOF, which means its value is between $15 million and $25 million.To carry out the installation duties, DOF plans to utilize two of its…
First Foundations for 1.6GW German Offshore Wind Project Reach Dutch Port

The first eight foundations for the Nordeseecluster, a 1.8GW offshore wind project being built in the German North Sea, have arrived and been offloaded in the Dutch base port Eemshaven.The foundations are around 85 meters long on average and weigh approximately 1,500 tonnes each, the equivalent to the weight of around 800 cars.Built by RWE, the offshore wind project will consist of Nordseecluster A with 660MW, with commissioning expected in 2027, and Nordseecluster B with additional…
Cyprus: Subsea Power Cable Project to Move Forward

A project on a subsea power cable to link continental Europe to the East Mediterranean will materialize, Greek foreign minister said on Thursday after meeting his Israeli and Cypriot counterparts.Media reports earlier this week suggested that the project had stalled over territorial differences.Greek power grid operator IPTO ADMr.AT is building the Great Sea Interconnector (GSI) cable, which will link transmission networks of Europe to Cyprus. It will later stretch to Israel through the Mediterranean Sea.(Reuters)
Environmental Disaster Most Likely Avoided After North Sea Ships Collision

Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.Huge fires and explosions charred the Solong and left the Immaculate with a gaping hole, but owner Stena…
Tokyo Attracts Industry Leaders for Japan Energy Summit 2025

The Japan Energy Summit & Exhibition 2025 Executive Committee convened in Tokyo under the leadership of Nobuo Tanaka, Executive Director Emeritus, International Energy Agency (IEA), to define the event’s agenda and assess the challenges shaping Japan’s energy future.As Japan navigates LNG supply uncertainties, decarbonization targets, and evolving global energy partnerships, the Pre-Summit Industry Panel, attended by over 100 senior energy professionals, explored the implications…
Russian Strike on Grain Vessel in Odesa Port Kills Four

A Russian missile attack on Tuesday damaged a grain vessel in the Black Sea port of Odesa, killing four people, Ukrainian authorities said.A ballistic missile struck the MJ Pinar bulk carrier that was loading wheat for Algeria, killing four Syrian nationals and injuring one other Syrian and a Ukrainian, Ukraine's Deputy Prime Minister Oleksiy Kuleba said on Telegram."Russia is attacking Ukraine's infrastructure, including ports, which are involved in ensuring the world's food security…
TMC to Deliver Equipment for Genting’s FLNG Unit

TMC Compressors (TMC) has secured a contract to deliver a large capacity marine compressed air system to the large floating liquefied natural gas (FLNG) unit that Wison New Energies is building for Malaysia-based Genting.TMC will deliver its scope as a subcontractor to Jereh Offshore, which is a China-based engineering technology and service company to the offshore industries.As part of its scope of supply, TMC will deliver a marine compressed air system consisting of six compressors in total, for control air, instrument air, N2 feed air and utility purposes.
Salvage Ops Set to Begin as Fire Diminishes on Stena Immaculate Tanker

A fire onboard the Stena Immaculate oil tanker has greatly diminished with no visible flames, as initial salvage activities begin in the North Sea, the manager of the vessel Crowley reported.Crowley said it is working closely with U.K. agencies to support the incident response, salvage and environmental impact mitigation operations resulting from container ship Solong striking the tanker Stena Immaculate while at anchor on Monday, March 10.Worth noting, Solong’s owner has characterized…
Petrobras Eyes Argentina, Colombia, Africa Projects

Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the sidelines of the CERAWeek conference in Houston.She added the firm could also look for oil opportunities in Argentina, as…
Petrobras Cleared to Clear Corals Off Drilling Vessel

Petrobras obtained approval from the country's environmental agency to clear corals from the underside of the drilling vessel it plans to use in the Foz do Amazonas region, Reuters reports. Its February 10 request was granted on Monday for the vessel the state-run firm will send to drill off the coast of the northern Amapa state if it obtains a long-sought license to explore the environmentally sensitive region.Due to the corals being a potentially invasive species if moved to another biome…
Pherousa Scoops ABS, DNV Approvals for Ammonia-Cracking Tech for Ships

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…
Boskalis to Salvage Stena Immaculate Tanker Following Collision

Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports.He could not give a time frame for the salvaging but added that four ships carrying foam and extinguishing agents were already en route to put out the fire caused by the collision.Another company would salvage Solong, the other container ship involved in the collision, Boskalis' spokesperson said without specifying which company.The Stena Immaculate was anchored when it
All 23 Crew from Stena Immaculate Safe with No Reported Injuries, Crowley Says

Crowley, the manager of oil tanker Stena Immaculate that was struck on its port side by the container ship Solong, causing a blaze, has reported that all 23 members of the ship’s crew are safe and without reported injuries, as it launches spill containment response efforts.On March 10, 2025, while stationary and anchored off the North Sea coast near Hull in the United Kingdom, the Crowley-managed tanker Stena Immaculate was struck on its port side by the container ship Solong.Crowley…
Second Hai Long Substation Heads to Project Site Offshore Taiwan

Consortium partners Semco Maritime and PTSC M&C have completed the load-out and sail-away of the second and last offshore substation for the Hai Long Offshore wind project in Taiwan.The load-out and sail-away of the second substation for Hai Long 3 offshore wind farm, which took place on March 8, 2025, comes almost a year after the first substation for Hai Long 2 was delivered to the project site.The project exceeds 1 GW and consists of Hai Long 2 and Hai Long 3 wind farms in the Taiwan Strait 45-70 kilometers off the coast and is jointly developed by Mitsui & Co…
Van Oord’s Giant Wind Installation Vessel Boreas Reaches Netherlands

Van Oord’s offshore installation vessel Boreas has arrived in the Netherlands after a voyage from China of almost 14,700 nautical miles for final outfitting and christening before embarking on its first offshore wind project.The Boreas is currently docked at TMA Logistics in the Port of Amsterdam, where the vessel will undergo its final completion and commissioning phase.Its decks will simultaneously be outfitted with wind turbine foundation equipment and installation tools in preparation for its first assignment. The christening will take place in Rotterdam in June.
US Secretary of Energy Outlines Priorities at CERAWeek 2025

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…
Update: Stena Immaculate, U.S. Military Jet Fuel Cargo Continues to Burn

A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.The tanker, which can carry tens of thousands of tons of jet fuel, was at anchor when the smaller container ship struck it, rupturing its cargo tank and releasing fuel into the sea, its operator said. Its owner Stena Bulk gave the same details.Two maritime…
Update: Casualties Brought Ashore After Cargo Ship, Oil Tanker Collide Off UK

Stena Immaculate and the Portuguese-flagged container ship Solong Tanker, cargo ship collide off UK coast causing blaze and casualties.A chemical tanker and container ship collided off the northeastern coast of England on Monday causing a huge fire on at least one of the vessels and leading to numerous casualties.Authorities mounted an emergency response, and the coastguard agency said a helicopter, fixed-wing aircraft, lifeboats and nearby vessels with fire-fighting capability…
Keppel Buys Global Marine Group

J.F. Lehman & Company (JFLCO), a middle-market private equity, has through its investment affiliates sold Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF).With a legacy dating to 1850, GMG is one of the leading providers of subsea telecom maintenance and installation services, supporting mission-critical global communications infrastructure.Headquartered in the United Kingdom, the company serves a diverse base of customers with high-reliability solutions that ensure…
AET, Fleetzero Team Up for ‘World’s Longest-Range’ Hybrid-Electric Vessel

AET, a member of the MISC Group and owner and operator of maritime transportation assets, has signed an agreement with Fleetzero, a supplier of modular marine batteries for hybrid and electric ships, for the development of the world’s longest-range plug-in hybrid-electric vessel.Under the agreement, one of AET's Lightering Support Vessels (LSV) will be retrofitted with a plug-in hybrid-electric system.The vessel will operate primarily on battery power, reducing greenhouse gas…
New Report Set to Tackle Critical Issue for EV Transportation via PCTC Vessels

The Maritime Technologies Forum (MTF) has published a comprehensive report, aimed at addressing the critical issue of transporting electric vehicles (EVs) on Pure Car and Truck Carrier (PCTC) vessels.The report, titled Safe Carriage of Electric Vehicles, offers detailed insights into the characteristics of EV fires and provides a framework for considerations necessary to supplement the safe carriage of EVs.The report further highlights the necessity of measures such as early detection…
Breaking: Fire Breaks Out as Oil Tanker and Cargo Vessel Ship in North Sea

An oil tanker and a cargo ship a collided off the northeastern coast of England on Monday causing a huge fire, with authorities mounting an emergency response involving aircraft and lifeboats.Shipping industry sources told Reuters the two vessels involved were the chemical tanker Stena Immaculate and container ship Solong.Television images from the BBC showed at least one vessel ablaze with clouds of black smoke billowing into the air.The coastguard agency said a helicopter, fixed-wing aircraft, lifeboats and nearby vessels with fire-fighting capability were called to the incident.The Royal Na
Palfinger Marine to Equip DOF’s New OSV

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)…
PML Study Examines UK Wind Farm, Fishermen Conflicts

Researchers at Plymouth Marine Laboratory (PML), alongside colleagues at the University of Aberdeen, found that the majority of UK fishermen feel their livelihoods are being threatened by the rapid expansion of offshore wind farms (OWFs), with impacts felt across all vessel sizes and fleet sectors.The study reveals that while the UK leads globally in offshore wind energy production, providing 45% of European capacity and 24% of global capacity, this growth is creating significant spatial conflicts with the commercial fishing industry as both sectors compete for limited marine space.
Briggs Marine Welcomes New Maintenance Support Vessel to Its Fleet

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…
Vard Cuts First Steel for Island Offshore’s Hybrid Construction Vessel

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…
MOL’s Green Hydrogen Production Vessel Makes First Onshore Delivery

Mitsui O.S.K. Lines (MOL) has announced that green hydrogen produced from offshore wind using the demonstration yacht Winz Maru was supplied onshore in the central breakwater area of Tokyo, as part of the Wind Hunter Project.This marks the first time in the world that a ship has supplied green hydrogen, produced on its own while underway, for use on shore, according to MOL.Between FY 2021 and FY2 023, MOL conducted a demonstration test in Omura Bay in Sasebo City with the Winz Maru…
US Plans to Halt Vessels as it Aims to Disrupt Iran's Oil

President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon.Trump hit Iran with two waves of fresh sanctions in the first weeks of his second-term…
Svitzer Steadily Builds a Maritime Behemoth

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.
Fortescue’s Ammonia-Powered Vessel Arrives to UK

The Singapore-flagged dual-fuel ammonia-powered vessel Fortescue Green Pioneer has arrived in the U.K. to demonstrate the viability of ammonia as a sustainable marine fuel.The vessel is the first of its kind, powered by four-stroke engines, two of which are capable of being fueled by ammonia and diesel.Ammonia, a zero-carbon fuel, has the potential to substantially reduce greenhouse gas emissions when used for shipping.An ammonia-powered vessel exemplifies how shipping can become more sustainable, an ambitious but essential mission fully backed by U.K.
UK Invests $71M in Scottish Port Expansion for Floating Wind

Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating offshore wind, the government said on Wednesday.Britain has a target to largely decarbonize its electricity sector by 2030 which will require a huge ramp up in renewable power like offshore wind.Using floating turbines, that are not fixed to the seabed like traditional wind farms, allows the projects to be much deeper out at sea, making them less visible to communities that might object and where wind speeds are likely to be stronger.Currently t
CMB.TECH Acquires Hemen's Stake in Dry Bulk Shipping Company

Belgian oil tanker group CMB.TECH has entered into a share purchase agreement with Hemen for the acquisition of its stake in dry bulk shipping company Golden Ocean.The acquisition agreement is for 81,363,730 shares in Golden Ocean Group, representing ca. 40.8% of Golden Ocean’s outstanding shares and votes which includes all Golden Ocean shares controlled by Hemen, at a price of $14.49 per share.The transaction will not trigger a mandatory takeover bid or similar offer in Bermuda…
De Bruijn Tapped to take the Helm at IADC

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…