Shipbuilding News

Mitsubishi Shipbuilding and Nippon Gas Line have jointly acquired Approval in Principle (AiP) from ClassNK for a low-pressure liquefied CO2 (LCO2) carrier to serve in coastal transportation.Demand for LCO2 carriers is expected to grow in tandem with carbon dioxide capture and storage (CCS) projects involving marine transport of CO2 captured in Japan to storage sites.The concept is based on the potential transport of CO2 from small-scale CO2 capture sites mainly in Japan’s Seto…

Lloyd's Register (LR) has introduced its first class notation for fin stabilizers. With the increasing demand for enhanced passenger experiences on modern cruise ships, fin stabilizers have become integral to providing a smooth and enjoyable journey.Located under the waterline on the side of a ship's hull, fin stabilizers provide a roll damping effect, counteracting the ship's natural roll and ensuring a stable voyage.The new class notation covers the strength, machinery and control aspects of fin stabilizers, including their integration into the ship's hull.

Palfinger Marine won a contract with the Finnish Meyer Turku shipyard to provide lifesaving appliances (LSA) for Royal Caribbean International’s fourth Icon Class ship, set to debut in 2027. The fourth Icon Class ship, built at the Finnish Meyer Turku shipyard, will have a comprehensive package of state-of-the-art LSA. This includes 18 lifeboats, one of the largest totally enclosed lifeboats on the market, each with a capacity of 450 passengers. Complementing this, 18 hydraulic pivoting davits ensure the secure and seamless deployment of the lifeboats.

Corvus Energy will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built. The vessel is an electric Commissioning Service Operation Vessel (eCSOV) that will be constructed by Armon shipyard in Spain for UK-based shipowner Bibby Marine Ltd.For the project, Corvus Energy will supply its Blue Whale Battery Energy Storage System (BESS) delivering close to 25MWh of power for the vessel. According to Corvus, it will be the largest LFP (Lithium Iron Phosphate) battery system ever delivered to a maritime project.Unique…

In what should be a surprise to no one, the Chinese maritime industry continued its dominance in 2024, with the nation’s vessel orderbook surpassing $123 billion. Data from VesselsValue reveals a strong year for both Chinese shipowners and shipbuilders, with significant investments across various vessel sectors.Chinese Ship Owning MarketAmong Chinese shipowners, China Merchants Shipping led the way with orders for 28 new vessels, worth an estimated $4.4 billion. This investment was primarily directed toward the Tanker and LNG sectors…

Container shipping firm Hapag-Lloyd has secured long-term financing, in the amount of $4 billion, for 24 large container ships ordered in October 2024, with a combined capacity of 312,000 TEU.Around $900 million of the purchase price will be financed using the company’s own funds. A total of $500 million will be made available from two banks in the form of bilateral mortgage loans.Another part, in the amount of $1.8 billion, will be financed via three leasing structures, and $1.1…

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…

GTT received an order from Korean shipyard Samsung Heavy Industries for the tank design of a new LNG carrier. The vessel will feature a total capacity of 180,000-cu.m. and will be fitted with GTT’s Mark III Flex membranecontainment system. Delivery of the vessel is scheduled for the second quarter of 2027.

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…

Norwegian shipowner MPC Container Ships (MPCC) has taken delivery of its first dual-fueled methanol container ship newbuilding from Chinese-based shipyard Taizhou Sanfu Ship Engineering.This is the first of the two dual-fuel methanol container ships up for delivery from the Chinese shipayrds, which are secured by 15-year time charter agreements with North Sea Container Line (NCL).The vessels feature dual-fuel engines that enable operation on green methanol, and according to MPCC, the methanol use will reduce the CO2 emissions from the vessels by up to 95%.“This innovative vessel embarks on a 1

According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, a total of 12 new orders for alternative-fueled vessels were placed in January 2025, marking a continuation of the trend towards the fuel in the second half of 2024.All new orders placed came from the container segment, DNV’s AFI informed.“Although we have seen fewer orders for alternative-fueled vessels in January compared to other months, it follows a record-breaking year in 2024, and the overall outlook continues to be encouraging.

U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is a direct response to growing demand for zero-emission CTV solutions from offshore wind operations, according to Tidal Transit.The six newbuilds, to be delivered from 2026, will complement Tidal Transit’s existing fleet of electric CTV’s.

Despite a frantic start to 2025 that saw a marked return of recycling tonnage at the bidding tables, sale and purchase activity across the global ship recycling spectrum eased further this week as Chinese New Year holidays descended upon the world, says cash buyer GMS.“It is the Year of the Snake, and it is indeed expected to be a far busier one than the preceding years, with record low volumes of supply and an ensuing inertia that eventually led to the shuttering of yards across the major global ship recycling destinations in 2024.”Should supply become unsustainable…

India is set to establish a 250-billion-rupee ($2.9 billion) maritime development fund to provide long-term financing for the country's shipbuilding and repair sector, Finance Minister Nirmala Sitharaman announced on Saturday.The initiative aligns with Prime Minister Narendra Modi’s vision of transforming India into a developed nation by 2047. As part of this effort, the government is investing heavily in infrastructure to enhance its manufacturing capabilities on a global scale.Presenting the budget for the fiscal year beginning April 1…

UC San Diego’s Scripps Institution of Oceanography issued a request for proposals (RFP) to select a shipyard for the final design and construction of its new 163-ft. Coastal Class Research Vessel (CCRV), reportedly the first oceanographic research ship to primarily operate on renewable fuels.The vessel will feature a dual-powered hydrogen fuel cell and diesel-electric propulsion system, capable of conducting 75% of its missions using only liquid hydrogen. When running on hydrogen…

East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of M.V. MPUNGU, the lake’s first scheduled roll-on / roll-off freight vessel.Offering faster and safer crossings and reduced carbon emissions, the fuel-efficient vessel is set to transform regional trade by cutting journey times from days to hours and supporting the decarbonisation of the region’s transport sector.Owned by East Africa Marine Transport (EAMT) and operated by Grindrod Logistics Africa - Uganda (GLAU)…

McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook.This 183-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes. The interaction of tanker demand and vessel supply variables is processed using advanced quantitative modeling to produce a five-year spot and time charter equivalent (TCE) forecast for eight vessel classes across 27 benchmark tanker trades, plus five triangulated trades.

The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER, said they would accept the offers in the week following the official opening of insolvency proceedings.Lürssen…

Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea, where the vessel was built.The ceremony, attended by Cadeler executives and key stakeholders, honored the collaborative efforts behind the making of the great vessel. The Godmother of Wind Maker is Sharon Ainslie – the wife of Seajacks’ founder…

In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution “backbone” that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.A string of deliveries reported this week demonstrate that steps are being taken along this pathway for a range of vessels:The hull of Lithuania’s first green hydrogen and electricity-powered ship was launched by the Klaipėda State Seaport Authority.

HII announced today that Derek Murphy has been promoted to vice president of new construction aircraft carriers at its Newport News Shipbuilding division.In his new role, Murphy will have responsibility for all new construction aircraft carriers in production at the shipyard, including John F. Kennedy (CVN 79), Enterprise (CVN 80) and Doris Miller (CVN 81).“Derek brings extensive experience from his time in the Navy and both HII shipyards to his new role,” NNS President Kari Wilkinson said.

Babcock International Group (Babcock), the defence company, is creating more than 100 jobs at its newly-opened Submarine Availability Support Hub (SASH) in Bristol, as the company invests in supporting the development of nuclear skills and defence infrastructure in the South West of England.The facility brings together partners and experts from across the Defense Nuclear Enterprise including: Babcock, the Ministry of Defense, the Submarine Delivery Agency and the UK’s Royal Navy…

Navantia UK, a subsidiary of Spanish shipbuilder Navantia, has completed the acquisition of Harland & Wolff’s facilities in Belfast, Appledore, Methil and Arnish.Under Navantia UK’s management, all four facilities will benefit from extensive expertise in shipbuilding, fabrication and complex program management, supporting both a highly skilled workforce and robust supply chain.The transaction ensures the continuation of the Fleet Solid Support (FSS) program, comprising three ships…

The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered.Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin Shipping, the vessel), was delivered at Onomichi Dockyard.The vessel has a range of environmentally friendly features, and is the world's first vessel of any type to use green steel materials, an engine that can run exclusively on marine gas oil (MGO) and a wind assisted vessel propulsion system.JGreeX…

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has signed a contract with the Indonesian Maritime Security Agency (BAKAMLA) for the construction of an offshore patrol vessel (OPV).The vessel will be built at MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with completion and delivery scheduled for March 2028.The project is based on a grant agreement concluded in March 2024 between the Government of the Republic of Indonesia and…

Germany's budget committee is expected to approve state guarantees worth up to $4.27 billion to help Thyssenkrupp Marine Systems (TKMS)  win an order from Argentina for three submarines, two sources in the budget committee said on Wednesday.Several media outlets have reported that a French shipbuilder is also been in the running for the order, worth some 2.2 billion euros, which has not yet been made.The guarantees would cover the construction and delivery of three Type 209 submarines…

St. Johns Ship Building, owned by Americraft Marine, signed a contract with Hal Jones Contractor, a Division of Vecellio & Grogan, Inc., to build a 150 x 60 x 8-ft. Spud Barge. The Spud Barges, built to support various marine construction and operations, will serve in Hal Jones Contractor’s fleet.

Fincantieri’ shipyard in Muggiano has hosted the renaming ceremony of the two Multipurpose Combat Ship/PPA (MPCS) vessels sold to the Indonesian Navy.The ships are part of the contract signed by Fincantieri in 2024, valued at approximately $1.23 billion euros.Originally built as the fifth and sixth units for the Italian Navy, the two ships, formerly named Marcantonio Colonna and Ruggiero di Lauria, have now been renamed KRI BRAWIJAYA-320 and KRI PRABU SILIWANGI-321.The supply…

In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value, while geopolitical events and shifting market dynamics continue to shape the rankings.Let’s take a closer look at the global giants of ship ownership and the forces driving their dominance.1.

Sanmar has delivered one of its multi-purpose Bogacay Series tugs to Norwegian operator Buksér og Berging, where it will work out of the Port of Oslo.Renamed BEVER by its new owner, the tug is the ninth that Sanmar has built for the company. A tenth tug is under construction at Sanmar’s shipyard in Türkiye and is scheduled to be delivered in April 2025.Based on the exclusive-to-Sanmar RAmparts 2400SX-MKII design from Canadian naval architects Robert Allan, BEVER is a twin Z-drive…

Schottel has been awarded a contract to supply propellers and thruster for a Multi-Purpose Support Ship (MPSS) being built by Damen for the Portuguese Navy.For the main propulsion, Schottel will deliver two electrically powered EcoPeller type SRE 560 azimuth thrusters with an input power of 2,600 kW eachTo enhance maneuverability and DP capabilities, the newbuild will be equipped with a SCHOTTEL TransverseThruster type STT 3 FP (800 kW).With this thruster configuration, the 107-metre long and 20-meter-wide ship will reach a free sailing speed of 15.5 knots…

From a distance, the scene is unmistakable—a Rijkswaterstaat vessel docked alongside an icebreaker being transformed into an expedition yacht. For those familiar with the maritime industry, this signals the renowned Damen Maaskant shipyard in Stellendam.“I’ve been walking these grounds since childhood. My father sailed on fishing vessels built here,” shares Managing Director Eric Moerkerk. With deep roots in the trade, Eric now leads Damen Maaskant, implementing innovative project…

Maxim Watermakers, a business unit of Fairbanks Morse Defense, has successfully completed qualification testing for a first-of-its-kind submarine maintenance closed loop cooling system for Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNS and IMF).This qualification is the first closed loop cooling system implementation for the U.S. Navy and Maxim’s initial application of this technology at naval facilities.The testing was funded by the Maritime Sustainment Technology and Innovation Consortium (MSTIC).

Qatar Gas Transport Company (Nakilat) has announced a 2024 net profit of QAR 1.64 billion ($450 million), an increase of 5.1% compared to QAR 1.56 billion ($428 million) for the same period in 2023.Nakilat says the result demonstrates operational efficiency, its ability to seize emerging opportunities and its resilience in navigating the challenges of the global energy transportation market.Nakilat’s commitment to meeting the growing demand for clean energy transport continues to take shape.

Damen Shipyards has delivered Germany’s first, all-electric catamaran (E-Kat) ferry to its operator AG Reederei Norden-Frisia.Capable of taking up to 150 passengers, the vessel will operate between Norddeich and Norderney on the East Frisian Wadden Sea.The 32-metre E-Kat has been designed to operate on a 30-minute route with 28 minutes allowed at each end to disembark and embark passengers.Built at Damen shipyards in Poland and the Netherlands, the vessel is driven by two propellers…

Sallaum Lines has boosted the efforts towards optimizing hull performance and the environmental impact for its fleet with the investment in Jotun’s hull performance solution, HPS, including HullKeeper, for its four Pure Car and Truck Carrier (PCTC) newbuildings in Nanjing Jinling Shipyard.HPS, in combination with HullKeeper, integrates high performance antifouling coatings with expert technical support during newbuilding and performance analytics based on ISO 19030-2 and intelligent…

French engineering firm GTT has booked an order from Samsung Heavy Industries for the tank design of three new very large ethane carriers (VLECs), bound to become the world’s largest VLECs.The three ethane carriers will each feature a total capacity of 100,000 m3 and will be fitted with GTT’s Mark III membrane containment system.The VLECs will be able to trade various types of liquefied gases such as Ethane, ethylene, propane, butane, LPG and Propylene.The increase in cargo tank capacity from the previous 98…

The hull of Lithuania’s first green hydrogen and electricity-powered ship has been launched by the Klaipėda State Seaport Authority.The tanker will accept waste from vessels entering the port when it enters operation later this year.The tanker’s main function is to collect storm water, sewage, sludge and garbage, and it will be equipped with special tanks and a modern rainwater treatment plant that will allow the treated water to be transferred to the city’s sewage treatment plants.

All American Marine (AAM) has been contracted to design and build a 108’ x 32.5’ hybrid passenger vessel for Harbor Breeze Cruises that will operate in and around the Los Angeles/Long Beach port complex.The vessel will be designed with twin MAN D2862 EPA Tier 4 engines, supplied by Northern Lights, and including an SCR system and a diesel particulate filter. The engines will drive fixed-pitch propellers via a remote-mounted Reinjtes gearbox provided by Karl Senner Inc.This system will also be fitted with a parallel hybrid battery propulsion system supplied by ABB.

BRIX Marine has launched a 12.5-meter RHIB, Olohana, designed and built for Hawaii Nautical, one of Hawaii’s ocean experience providers.The RHIB hull design by Naiad is paired with triple Yamaha F300 outboard engines to handle a wide range of activities in diverse marine conditions.Olohana includes a first-of-its-kind boarding design. BRIX and Naiad worked together to create a “swim club” side door in the collar system. These doors have an aluminum structure that hinges on the bottom, dropping to extend the side decks outboard.

The Passenger Vessel Association's annual Maritrends Convention is underway in Savannah, GA against a backdrop of melting snow (really!) and an impressive gathering of industry elite. The event never disappoints, and this year's version has something for everyone. It has been five years since I was fortunate enough to attend the Passenger Vessel Association's annual signature event known as Maritrends. That's five years too long. Always well attended, and a virtual "who's who" of the workboat OEM and services sector…

Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully revolving heavy lift vessel project for the Japanese offshore wind market.This will be the fifth and largest vessel to be added to POC’s fleet, enabling them to undertake larger wind turbine projects in offshore wind construction.POC is Japan’s leading marine contractor with a keen interest to expand its business in the offshore wind sector…

Seaonics has signed a contract covering the delivery of five Electric Controlled Motion Compensated (ECMC) Gangways and five ECMC 3D Cranes for an international customer to a series of walk-to-work offshore newbuilds under construction at global shipbuilder VARD's yard in Vietnam.The advanced equipment will enable the vessels to provide comprehensive maintenance, supply and operational services to offshore oil-and-gas installations.The ECMC systems ensure smooth and precise movements even in challenging sea conditions by compensating for the vessel motion.

The third 7,600 m3 LNG bunkering vessel, built by Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), has been delivered to Seaspan Energy.The vessel has been certified by Bure Veritas as part of its continued collaboration with leading shipbuilders, charterers, and shipyards to continue to support the development of LNG bunkering vessels, said to be a vital tool in supporting the maritime industry in its transition to more sustainable fuels.CIMC SOE’s vessel features advanced capabilities…

As threats of trade wars loom, global shipping already seems to be reacting in kind with the Baltic Dry Exchange falling to its lowest since February 2023, says cash buyer GMS. This marks a clear shift towards easing freight rates as a gradually increasing number of over-aged assets have been making their way towards the bidding tables since the start of 2025.“Incoming Chinese New Year holidays has predictably seen an accelerated purging of older assets from Far Eastern waters including all those coming off charter amidst declining rates.

Fincantieri has signed a series of Memorandum of Understanding (MoU) in Saudi Arabia. These agreements underline the company's interest in this region following the establishment of the subsidiary Fincantieri Arabia for Naval Services in 2024.The agreements reached testify to Fincantieri's strategic commitment to promoting innovation, sustainability and industrial development through a series of collaborations with Saudi entities and international partners.In line with the Vision 2030 program launched by Saudi Arabia…

Britain said on Friday it had awarded Rolls-Royce RR.L a $11 billion eight-year contract to design, make and support the nuclear reactors that power its fleet of submarines, amid U.S. calls for higher defence spending.The deal will strengthen the Royal Navy's continuous at-sea deterrent - under which at least one nuclear-armed ballistic missile submarine patrols the seas at all times - while also boosting the AUKUS defence pact with the United States and Australia, Britain's Ministry of Defence (MOD) said.Amid rising tensions with Russia…

AIRCAT Vessels, in collaboration with ESNA, delivered the first three AIRCAT 35 Crewliners, a 35-m Surface Effect Ship (SES) technology vessel that can reach speeds of more than 50 knots even in challenging maritime conditions.Each vessel has a capacity of 80 passengers with a cabin designed to business class standards. In addition, two operational modes have been integrated to help ensure comfort: The Motion Control System (MCS), enabling safe passenger transfers even in wave heights of up to 2.5 meters.A collaborator on the project was Strategic Marine during the construction process…

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for three newbuilding very large ethane carriers (VLECs) with SCG Chemicals, a wholly owned subsidiary of Thailand's Siam Cement Group (SCG).The 100,000 m3 VLECs, spanning 230 meters in lengths and with breadths of 36.6 meters, will be built at Samsung Heavy Industries, and are scheduled for delivery in 2027.The vessels will be equipped with dual-fuel ethane propulsion engines, which will reduce greenhouse gas, sulfur oxide…

A rapid transition could lead to premature scrapping of over a third of the global fleet, valued at over $400 billion, unless the vessels undergo costly retrofits to remain competitive, according to a new report from UCL's Energy Institute Shipping and Oceans Research Group.The report assesses the financial risks to the shipping industry from stranded assets due to stricter GHG regulations, due for adoption at IMO this year, in combination with the ongoing global transition to a low-carbon energy system.

Vestdavit has achieved a new sales record for the third successive year as its order intake hit an all-time high of Nkr380m in 2024, fueled by increased davit orders from its core naval market as well as the offshore energy sector.“It has been another fantastic year. The significant orders boost was achieved despite a transition in our Sales & Marketing department that saw us start the year with an almost entirely new sales team, which hit the ground running to deliver impressive growth through quickly developing good customer relations…

Fincantieri and Marc-Henry Cruise Holdings LTD, Joint Owner/Operator of Four Seasons Yachts, celebrated the launch of "Four Seasons I" at the Ancona shipyard, the first ultra-luxury ship under construction for Four Seasons Yachts, which will be delivered to end of this year and which will set sail in January 2026. The launching ceremony was attended by Fincantieri's President, Biagio Mazzotta, the CEO and General Manager, Pierroberto Folgiero, the General Manager of the Merchant Ships Division…

German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T), could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.The…

Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.Higher freight costs cut Russian oil sellers' revenues that are already under pressure from U.S. sanctions and complicated logistics, while a lack of vessels in the region during the winter season may lead to loading disruptions, traders said.On Jan. 10 the U.S.

Kongsberg Maritime has secured a contract to supply advanced propulsion and maneuvering technology for two new KCR-70 Fast Attack Craft for the Indonesian Navy.The vessels are currently under construction at the Sefine Shipyard in Türkiye.The Kongsberg Maritime equipment package includes propulsion system that combines twin controllable pitch propeller (CPP) Promas systems for high efficiency at patrol speeds with a single Kamewa waterjet to provide boost power for high-speed operation.The configuration is said to optimize propulsion power…

AIRCAT Vessels, in collaboration with ESNA, delivered the first three AIRCAT 35 Crewliners. Designed to meet the demanding needs of the oil and gas sector, the 35-m vessels, based on SES (Surface Effect Ship) technology, achieve speeds of more than 50 knots, even in challenging maritime conditions. Each vessel has a capacity of 80 passengers with a cabin designed to business class standards. In addition, two operational modes have been integrated to help ensure comfort:The Ride Control System (RCS)…

Deere & Company announced the unveiling of new engines — the JD14 and JD18 marine engines.With the addition of these engines, John Deere will be able to offer marine customers heavier duty cycles* and a more comprehensive power range, from 298 up to 599 kW (400 up to 803 hp). Production is anticipated to begin in 2026.“The vessels powered by our marine engines are part of hardworking, relentless commercial operations that need uncompromising power and reliability,” said Pierre Guyot, senior vice president of John Deere Power Systems.

“In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity delivered dropped by 74%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.During the year, the recycling of crude tankers increased to 1.7m DWT wherefore the fleet ended only 0.2% larger in 2024 than at the end of 2023, the slowest growth in 23 years.The Aframax and Suezmax segments saw capacity growth of 0.5% and 1.1% respectively.

The Maritime Technologies Forum (MTF) has released a new report offering industry guidance on the adoption of onboard carbon capture and storage (CCS) technology.It states: “A secured downstream value chain is the most important pre-requisite for onboard CCS implementation. Societal acceptance for onboard CCS is only expected when captured CO2 can be securely transferred into long-term permanent storage, assured by a trusted MRV system.”Onboard CCS system cost-effectiveness is also essential…

Sanmar has signed its first contract of 2025, an order for one of its Boğaçay Series tugboats to Ultratug Mexico, which operates at Lazaro Cardenas Port on Mexico’s Pacific coast.Ultratug, headquartered in Santiago, Chile, is one of the leading operators in the harbor towage, salvage, and offshore industry in the Americas, with over 55 years of experience.Ultratug Mexico has been operating under a long-term contract at Lazaro Cardenas Port since 2017 with a modern and versatile…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage.The vacuum insulation system from HD KSOE is designed to reduce the time required to create a vacuum in large tanks, essential for transportation. The new technology allows maintaining a vacuum state at –253℃, which KSOE says enables safer and loss-free transport of large quantities of liquid hydrogen.ABS completed design reviews based on class and statutory requirements.

For all welding students who want to focus on education and training rather than the burden of paying for school, ESAB reminds students that the deadline to apply for AWS 2025 Foundation national, district, and section scholarships is March 1.The American Welding Society (AWS) awards more than $2.5 million in scholarships each year, including 12 scholarships in the amount of $5,000 each made possible through ESAB’s Future Fabricators program and its collaboration with the AWS Foundation.The scholarships support students working towards welding certifications…

Indian Register of Shipping (IRS) is participating in major new construction projects for the Indian Navy and Indian Coast Guard.Recently, steel-cutting for vessels classified by the Indian Register of Shipping include the second ‘Fleet Support Ship’ at L&T Shipbuilding, the first ‘Next Generation Missile Vessel’ at Cochin Shipyard, the second ‘Next Generation Coast Guard Offshore Patrol Vessel’ and first Coast Guard ‘Fast Patrol Vessels’ at Mazagon Dock Shipbuilders, and the…

Fratelli Cosulich Group placed an order for another 7,999 dwt IMO2 chemical bunkering tanker at Taizhou Maple Leaf Shipbuilding Co., Ltd., which when delivered in Q4 '26 will bring the company's total number of methanol-ready barges to four.This newbuild vessel is designed to carry fuel oil, biofuels up to B100 and methanol. The delivery of this methanol-ready vessel is scheduled for Q4 2026.

What has been described as the most transformational warship in the U.S. Navy has been transformed again. USS Zumwalt (DDG 1000) recently completed modifications to remove her main guns and replace them with a hypersonic missile capability. The work to have her guns removed to make space for new weapons was conducted at Ingalls Shipbuilding in Pascagoula, Miss. With the modifications, Zumwalt  now carries four “all-up round canisters” for the Conventional Prompt Strike (CPS) missile in place of the forward Advanced Gun System (AGS) gun mount.

Nearly all recycling nation currencies reported dips this week, reports cash buyer GMS, with the Bangladeshi Taka taking the largest slice of the week’s depreciation pie.Even the Baltic Shipping Index has been reporting an overall downward trend in nearly all sectors, which has caused dry bulk markets to close another week with a near 6% decline.“As forecasted in weeks prior and based on the trajectory of charter rates through the tail end of 2024 and even thus far in 2025, ship recycling markets should continue to enjoy a healthier Q1 of vessel introductions…

COSCO Shipping Specialized Carriers has taken delivery of the Green Rizhao, a 77,000dwt general cargo ship which was certified as being built with zero carbon emissions by China Classification Society (CCS).The vessel’s maiden voyage will involve transporting machinery and containers from Chinese Ports to Brazil.The news comes as China's shipbuilding boom saw the nation account for 55.7% of deliveries and 74.1% of orders in 2024. Its shipbuilding capabilities have advanced to include 24,000 TEU container ships, LNG carriers and cruise ships such as the Adora Magic City.

The U.S. probe targeting China's maritime, logistics and shipbuilding sectors is a "serious violation" of World Trade Organization rules and an outright protectionist act, a Chinese foreign ministry spokesperson said on Friday.

Swan Defense and Heavy Industries Limited (SDHI), a private player in commercial & defence shipbuilding, ship repairs, and heavy fabrication in India, will recommence trading of its shares at BSE/NSE under the script code – 533107/SWANDEF. The shares will be available for trading with effect from January 20, 2025.Swan Energy Limited gained management control of Swan Defense and Heavy Industries Limited in January 2024. As part of its operational revival, the company recently completed the refit of the Indian Coast Guard’s fast patrol vessel…

FSG Nobiskrug shipyards has received several offers from potential investors. These are industry-related companies from Germany, not financial investors.This was reported by the provisional insolvency administrators Dr Christoph Morgen and Hendrik Gittermann at an event in Rendsburg on 17 January. The occasion was the visit of Schleswig-Holstein's Prime Minister Daniel Guenther and State Minister of Economic Affairs Claus Ruhe Madsen to a staff meeting at the invitation of the workers’ union “IG Metall Rendsburg”.“Negotiations with interested parties are well advanced.

Sanmar has signed a contract with major towage and marine services provider Svitzer to build a fully electric tug to be deployed in Scandinavia to provide services between Denmark and Sweden.The Denmark-headquartered global operator has ordered a new ASD, 1,818 kWh, 70-ton bollard pull, tugboat based on the exclusive-to-Sanmar ElectRA 2500-SX design from Canadian naval architects Robert Allan Ltd.Measuring 25.4m LOA, with a 5.6m draft and 12.86m beam, the tug will be able to operate safely and efficiently on electrical power only.

The U.S. Trade Representative's office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under U.S. trade law.The findings of a USTR probe, first reported by Reuters on Tuesday, did not include a specific recommendation of penalties against Beijing, leaving next steps up to President-elect Donald Trump, who takes office on Monday.USTR said its report "supports a determination that China's targeting of the maritime…

The American Welding Society (AWS) Foundation is pleased to announce that it is currently accepting scholarship applications for 2025 from welding students across North America.The deadline to apply for AWS National, District, and Section Scholarships is March 1, 2025.In 2024, the AWS Foundation awarded scholarships to more than 1,200 welding students, providing financial support ranging from $1,000 to over $10,000 per recipient. These scholarships benefited students attending more than 400 academic and training institutions across all 50 U.S.

A new era of offshore operations has begun with the successful delivery of REACH REMOTE 1, a 24-metre unmanned surface vessel (USV) designed by Kongsberg Maritime. This ground-breaking achievement marks a significant milestone through collaboration between Kongsberg Maritime, REACH SUBSEA ASA, Massterly, and Trosvik Maritime.Designed to revolutionise offshore operations, the REACH REMOTE 1 is packed with cutting-edge KONGSBERG technology. Its delivery follows a programme of intensive sea trials…

Burger Boat Company has announced that is has been awarded a contract to construct an 89-foot passenger vessel for Wendella Sightseeing Co. Inc.This state-of-the-art passenger vessel will be built with Burger’s renowned craftsmanship and precision engineering, delivering the highest standards of safety, performance, and comfort. The 89-foot vessel is designed to enhance Wendella's commitment to providing exceptional experiences on Chicago’s iconic waterways, accommodating a wide range of tours and private events."We are honored to partner with Wendella Sightseeing Co. Inc.

Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability, support waterborne freight and assist with economic development of Wisconsin’s coastal communities.

With the addition of Ian Finch to its Sales team, Bardex re-establishes a European base committed to growing and supporting clients and projects across Europe, the Middle East, and Africa.Bardex, a global provider of products and engineering solutions for marine-based heavy lifting, transfer, and restraint, is thrilled to welcome Ian Finch as its Director of Business Development for the EMEA region. Finch brings an impressive breadth and depth of knowledge and experience to the role and is uniquely qualified to serve existing clients and grow business in all market segments…

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced that it raised $56 million in venture financing, bringing total raised since inception to more than $270 million.The round was co-led by existing investor Aramco Ventures and new investor SV Investment. Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities, AFW Partners, Quantum Ventures Korea, Kibo Invest, and Seoul IP…

Tapping into its 35-year experience of treating municipal, residential, and industrial waters shoreside, France-headquartered BIO-UV Group has introduced a range of innovative solutions for treating more water streams onboard vessels.With its sights firmly on the cruise and ferry markets, the publicly listed company has introduced a suite of marine UV reactors for the disinfection and dechloramination of swimming pools, hot tubs, spas, and potable waters.The technology is similar to that deployed in its established BIO-SEA ballast water treatment range.“Warm pools…

Marine Jet Power (MJP), a global provider of waterjet propulsion, and Derecktor Shipyards New York announced the launch and christening of two groundbreaking passenger ferries for Chatham Area Transit (CAT) of Savannah, Georgia.These vessels represent a significant milestone as the first hybrid passenger ferries in the United States powered by waterjet propulsion.The two 65-foot ferries, The Juliette Gordon Low II and The Susie King Taylor II, powered by MJP UltraJet 305 waterjets, incorporate cutting-edge hybrid technology, marking a new era in sustainable maritime transportation.

The first cutter suction dredger to be built in Azerbaijan, Damen Cutter Suction Dredger (CSD) 650, is progressing according to schedule, with a planned delivery later in 2025.Baku Shipyard is building the CSD 650, with the design of the dredger and its materials package delivered by Damen Shipyards Group.The dredger, which will be ready later this year, will be operated by the Port of Baku, a transport hub on the western shore of the Caspian Sea.Named Engineer Soltan Kazimov…

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.This is the eighth contract for LNG carrier signed with JERA. The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries, and is scheduled for delivery in 2026.It will be 290 meters long, with a breadth of 45.8 meters. It will feature a membrane tank of 174,000 m3.The vessel will be managed by MOL and will transport LNG for JERA.

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its pioneering vacuum-insulated large-scale liquid hydrogen (LH₂) tank system. The successful testing of a large-scale vacuum chamber for this AiP marked the world’s first technical validation of large-scale LH₂ tank insulation design.The vacuum insulation system addresses some of the most pressing challenges of using hydrogen in the maritime industry: the scalability of liquefied hydrogen storage and transportation of the fuel, says LR.

GTT announces that it has received, in the first quarter of 2025, an order from its partner the Chinese shipyard Hudong-Zhonghua (Group) Co. Ltd. for the tank design of six new very large Liquefied Natural Gas (LNG) carriers.These six LNG carriers will each feature a total capacity of 271,000 m³ and will be fitted with GTT’s NO96 Super+ membrane containment system.Deliveries of the vessels are scheduled for the second quarter of 2028, the second and third quarters of 2029, the first and third quarters of 2031.

Gibdock has announced the launch of Gibdock Yachting as a dedicated division focusing on a key area of business growth for the Gibraltar ship repair and maintenance yard.Gibdock Yachting will build on Gibdock’s long-standing expertise in maintaining and refitting superyachts. It will also work in a strategic partnership with BWA Yachting - the world’s largest superyacht agency and yachting services provider – to communicate the yard’s reputation for high quality and on time redelivery.“Gibdock Yachting will bring unparalleled dedication and professionalism to every project…

The industry-leading fuel management systems from Fueltrax are typically installed by oceangoing vessels looking to cut costs, better manage their fuels, and reduce emissions. Now vessels that primarily operate on inland and near-coastal waterways are reaping the benefits as well.A major U.S. charterer and vessel owner has outfitted half a dozen of its vessels and is realizing the advantages. The operator uses the Fueltrax EFMS, the most widely deployed and effective system available.The Fueltrax EFMS is a state-of-the-art system designed and supported by former NASA engineers.

Warren Controls, a leading manufacturer of control valves and specialty fluid handling products, highlights the Type 436 Naval and Marine Pressure Regulators, designed for shipboard seawater service. These regulators are engineered to meet the rigorous demands of naval and marine environments, offering unparalleled performance in various shipboard systems.The Type 436 regulators are available in sizes ranging from 1/4 to 8 inches, making them suitable for a wide array of applications, from small-scale setups to larger shipboard systems.

Schottel ahs secured a contract to supply Polish MIECZNIK-class multi-role frigates with transverse thrusters.Each of the MIECZNIK-class multi-role frigates, being built by PGZ Stocznia Wojenna in Poland, will be fitted with a shock-enhanced STT 4 with an input power of 925 kW and a propeller diameter of 2.0 metres.The entire scope of supply of the STTs comprises a combined system with motor and frequency-driven soft starter, which represents a complete functional unit from a single source for the customer.Each STT will be equipped with Schottel LeaCon…

Bibby Marine has signed a new shipbuilding contract with Spanish shipyard Armon to build its electric Commissioning Service Operation Vessel (eCSOV) for offshore wind industry.The eCSOV will feature a battery system complemented by dual-fuel methanol engines offering alternative green operating solutions.With the capability to operate solely on battery power for a typical full day of operations, the range of the vessel will allow for passage from field to port and return.Integrating…

James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability, expected to help to reduce operational CO2 emissions and associated environmental impact over the long-term.A number of features that will add to the overall sustainability of the new builds have been carried over from recent additions to the company’s fleet…

U.S. President Joe Biden's administration has concluded that China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters.U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request of the United Steelworkers and four other U.S. unions under Section 301 of the Trade Act of 1974, which allows the U.S. to penalize foreign countries that engage in acts that are "unjustifiable" or "unreasonable," or burden U.S.

HII has christened San Antonio-class amphibious transport dock Harrisburg (LPD 30) at the company’s Ingalls Shipbuilding division.“Today is more than just a christening; it is a celebration of craftsmanship, commitment and the enduring purpose of the work we do every day at Ingalls,” Ingalls Shipbuilding President Brian Blanchette said. “Like its namesake, Harrisburg — with its rich history of strength, resilience and leadership — shares the same qualities reflected in our shipbuilders…

Brig USA and Fluid Marine announced today that Carl Herndon was recently named company President.Herndon will lead Brig USA’s recreational Rigid Hull Inflatable Boat (RHIB) division as well as Fluid Marine’s Patrol, Search and Rescue (SAR) and Swift Water Rescue (SWR) boat sales and production.Herndon joins Brig and Fluid as the company expands its market reach, providing Brig recreational RHIBs via nationwide dealers and Fluid patrol boats to state, local and federal agencies…

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has received POs from Austal USA to provide critical equipment for the U.S. Navy’s next-generation TAGOS-25 program.Through Fairbanks Morse Defense businesses American Fan, Federal Equipment Company (FEC), Maxim Watermakers, and Welin Lambie, the defense supplier will deliver and install fundamental systems for TAGOS-25’s oceanic surveillance ships.The TAGOS-25 ocean surveillance ships are designed to support U.S.

Stralsunder Ostseestaal GmbH & Co. KG has been commissioned by Hafenprojektgesellschaft Helgoland mbH with the development and construction of an all-electric ferry.The so-called dune ferry will connect the German North Sea island of Heligoland with the neighbouring island of Dune. It will replace the ‘Witte Kliff’ ferry, which has been operating on the approximately one kilometre-long route since 1997 and is powered by conventional marine fuel. The new electric-solar ferry will…

The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders. Older fleet vessels, some approaching financial and operational obsolescence – also environmentally undesirable on a waterfront that more than ever demands cleaner carbon signatures – are going the way of the dinosaur.

Fincantieri and Hera Group have established CircularYard, a new company aimed at developing an innovative integrated waste management system in Fincantieri's eight Italian shipyards with an approach based on the circular economy.The result of a partnership between the multi-utility and the leading global shipbuilding company, the new company aims to oversee and improve the entire waste management process at all Fincantieri shipyards in Italy and, in the future, abroad.Almost $13.4…

New-York-based McAllister Towing and Transportation Company has welcomed a newbuild tractor tug to its fleet under the name of Isabel McAllister.The christening and the launch ceremony for the newbuild tug took place earlier in January, according to an update shared by Brian Buckley McAllister, President at McAllister Towing.Built by Washburn and Doughty Associates, the tug is rated at 6,770 horsepower, boasting an 84 tons bollard pull.It is powered by two, Tier IV Compliant, Caterpillar 3516E engines…

Lighting solutions specialist Glamox has booked a contract to light four Fjord1’s autonomous-ready ferries, expected to be the first in the world to operate independently of human intervention.Glamox was awarded the lighting contract from Tersan Shipyard in Turkey where the vessels are being built for the Norwegian operator Fjord1.The company will provide a total of approximately 2,160 marine-certified lights to light the interior and exterior of the four vessels.For each ferry…

ST Engineering has signed a shipbuilding contract for the design and construction of a Walk-to-Work (W2W) vessel for an unnamed oil and gas company.The contracts marks ST Engineering’s expansion into the market for specialized vessels supporting offshore operations.The W2W vessel will be 97 meters in length and able to accommodate 106 persons. It will feature an advanced motion-compensated gangway to ensure safe personnel transfers in varying sea conditions, and a 10-ton crane…

The recycling traffic in both India and Bangladesh continued to surprise and impress (especially in India), in week 2 of 2025, reports cash buyer GMS.“The pre-existing state of global economies also continues to persist in the wake of the unfolding present as the U.S. Dollar continues to hammer recycling nation currencies marking noteworthy increases by the week,” says GMS.The steel prices affecting the ship recycling markets, including domestic levels, saw a weakening this week, with China leading the way in declining / cheaper steel that remains globally available.

U.S. Senator Roger Wicker, R-Miss., the chairman of the Senate Armed Services Committee, today met with President-elect Donald J. Trump’s nominee to be the 79th Secretary of the Navy, John Phelan.In the meeting, Chairman Wicker and Mr. Phelan discussed current shipbuilding and maintenance challenges, the need for accountability in the Navy, and the Chairman’s vision for a larger and more innovative U.S. Navy.“I appreciated the opportunity to meet with John Phelan, President Trump’s selection to lead the Department of the Navy.

Generally, government owned vessels, particularly ones engaged in law enforcement, are seemingly last in line when it comes to fuel efficiency. Not so in France, as the Directorate General for Maritime Affairs, Fisheries and Aquaculture (DGAMPA), in late 2024 sealed the deal and commissioned the SOCARENAM-MAURIC consortium to design and build an offshore patrol vessel (OPV) which combines hybrid propulsion and wind sails, among other energy saving/emission reduction enhancements.According to the government agency…