EDF Considers Selling US Renewable Unit to Focus on French Nuclear
French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)…
Damen, Windcat Introduce New Class of Offshore Support Vessels
On November 25, 2025, at the Offshore Energy Conference in Amsterdam, Windcat signed a contract with Damen Shipyards Group for a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with the option of five additional vessels of this type. To be known as the Innovation Series, the vessels will combine a large open deck with a subsea crane with fuel efficient operations and comfortable, high-quality accommodation for personnel working in the offshore energy sector for extended periods.
Solstad Offshore Awarded Contract for AHTS Normand Topazio
Solstad Offshore ASA (SOFF) has announced that the company has been awarded a new contract by PETROBRAS for the anchor handling tug supply vessel (AHTS) Normand Topazio.The contract has a duration of 4 years firm and is scheduled to commence in 1Q 2026. The vessel will support Petrobras operations in Brazil.The total gross value of the contract is approximately $73 million.
Ocean Wise, Trelleborg Advance Whale Protection Through Global Navigation Software Integration
Ocean Wise and Trelleborg Marine and Infrastructure announced an advancement in marine mammal protection through the international expansion of Ocean Wise’s Whale Report Alert System (WRAS), a real-time alerting tool designed to reduce the risk of ship strikes on whales. This expansion includes a new integration with Trelleborg’s SafePilot Pro software, a professional-grade navigation system used by marine pilots globally.The WRAS…
Kongsberg Discovery Welcomes Joint Declaration of Baltic Sea Security for Critical Infrastructure
The 2022 sabotage of gas pipelines in the Baltic Sea marked a turning point: maritime infrastructure is no longer seen as a passive utility, but as a strategic asset at risk of disruption. The Joint Baltic Declaration on Security in the Baltic Sea was signed on November 20 by the Norwegian State Secretary Marte Gerhardsen, in the presence of the Polish Deputy Prime Minister, Minister of Defense, Władysław Kosiniak-Kamysz.According to an official statement by the Norwegian State Secretary…
The Expanding Shadow Fleet Poses a Growing Threat to Maritime Safety
The shipping industry has always been good at navigating uncertainty; however the rapid expansion of the shadow fleet represents a different kind of risk. It’s not just regulatory or geopolitical; it’s informational. Each vessel that goes dark removes a small piece of the world’s safety awareness, and that loss is beginning to matter, writes Yarden Gross, CEO and Co-founder of Orca AI. A parallel system…
New Global Benchmark Ranks Top Container Ports Worldwide
Maritime transport carries close to 90 percent of global trade by volume, and container ports alone handle more than 80 percent of non-bulk merchandise. Today, these ports are undergoing a profound transformation, driven by rising trade flows, rapid advances in technology, and mounting pressure to meet climate targets.Against this backdrop, DNV and Menon Economics have introduced the industry’s first global container port ranking.
Panama Strengthens Global Leadership in Maritime Safety, Regulation During the IMO Assembly
Panama is participating this week in the 34th session of the Assembly of the International Maritime Organization (IMO), the most significant forum within the global maritime system and the specialized governing body of the United Nations, from November 24 to 28. This setting defines the policies, standards, and priorities that will shape the international maritime agenda in the years ahead.The Panamanian delegation is composed of Ambassador and Permanent Representative to the IMO…
Vantage Drilling Reports Q3 2025 Results
Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024.As of September 30…
Lebanon and Cyprus Clear Path for Gas Exploration with Maritime Border Deal
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace and told reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU."This is a historical agreement…
Windcat Orders Next-Gen Multi-Purpose Offshore Support Vessel
Windcat, part of CMB.TECH, has signed a contract with Damen Shipyards to build a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with options for five additional units.To be known as the Innovation Series, the new class of offshore support vessels will combine a large open deck, subsea crane capability and fuel-efficient operations with accommodation for personnel working offshore for extended…
US Navy Cancels Four Constellation Frigates, Keeps First Two Under New Deal
Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift follows the Navy’s overhaul of its force-structure plans and aligns with new priorities aimed at accelerating next-generation ship designs and revitalizing segments such as icebreakers…
OEUK Warns of Major Job Losses Without Urgent Windfall Tax Reform
Thousands of U.K. jobs and billions in future tax revenue are at risk unless the government reforms the Energy Profits Levy (EPL), industry group Offshore Energies UK (OEUK) said ahead of the Autumn Statement.OEUK said statistical modelling shows that revising the 78% levy in 2026 instead of waiting for its scheduled expiry in 2030 would increase total tax receipts from £32.9 billion ($43.2 billion) to $63.9 billion (£48.6 billion) over the next decade…
Oil Prices Fall as Ukraine Signals Support for Peace Deal
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow's energy trade, potentially adding more supply at a time when prices have been battered by expectations of a glut next year.Brent crude futures fell $1.45, or 2.3%, to $61.92 a barrel by 11:19 a.m. ET (1619 GMT), while U.S.
EU Soft Wheat Exports for 2025/26 Down 5%
European Union soft wheat exports so far in 2025/26 are down 5% from the same week last year, though this season's volume lacked two days of figures for the latest week, the European Commission said on Tuesday.EU soft wheat exports since the start of the 2025/26 season in July had reached 9.19 million metric tons by November 21, compared with 9.69 million a year ago, the Commission said in a weekly report.However…
Maersk to Resume Red Sea Route
Shipping group Maersk will take steps to resume navigation through the Red Sea via the Suez Canal as soon as conditions allow, CEO Vincent Clerc said on Tuesday.The Suez Canal Authority said in a statement that Maersk container ships will resume transit via the canal on a partial basis from the beginning of December prior to a full return but a Maersk spokesperson said the company had not set a date.The potential return of Maersk to the Suez Canal could ripple through the shipping sector, where
Performance Shipping Reports Strong Fleet Utilization, Fleet Expansion
Performance Shipping reported its third-quarter financial results for 2025, highlighting solid fleet performance amidst softer market conditions.For the three months ending September 30, 2025, the company posted net income of $3.9 million, a decrease from $12.4 million in the same period in 2024. This drop was primarily driven by reduced time-charter equivalent (TCE) rates and a decrease in available fleet days due to the scheduled drydocking of its Aframax tanker, M/T P. Aliki.
OrbitMI Launches Vessel Reporting Analysis to Strengthen Data Quality, Help Shipowners Meet Industry Standards
OrbitMI, a leading provider of maritime SaaS software, announced the launch of its Vessel Reporting Analysis, a structured assessment designed to help shipowners and operators understand how closely their vessel reports align with industry vessel reporting standards. The assessment identifies data gaps that affect compliance, operational efficiency, and the accuracy of performance and emissions reporting.As more maritime workflows depend on reliable data—across compliance…
Golar LNG Announces Successful Completion of $1.2b FLNG Gimi Bank Facility
Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi. The new $1.2 billion bank facility replaces an existing bank facility with an outstanding amount of $627 million as at Q3 2025.The new debt facility has a 7-year tenor…
Inchcape Shipping Services Opens New Office in Geoje, Korea
Inchcape Shipping Services, a leader in port agency and maritime services, has announced the opening of its new office in Geoje, Korea. This expansion increases Inchcape’s footprint in South Korea to three offices—Seoul, Busan, and now Geoje, covering 23 ports nationwide.Geoje is a strategic hub for global shipbuilding and offshore projects, playing a critical role in the construction of LNG carriers, container vessels, naval ships, and offshore platforms.
