AET Adds Hybrid Electric Dynamic Positioning Shuttle Tanker
AET signed an agreement for its first hybrid electric Dynamic Positioning Shuttle Tanker (DPST), designed to be dual-fuel, lower-emissions-ready and secured on long-term charter. AET operates one of the world’s largest DPST fleets, with 17 vessels deployed across Brazil and Norway, and further growth planned. With dual-fuel capability across all tanker segments, the addition of hybrid electric propulsion…
CMB.TECH to Record $98M Gain from Sale of Two Oil Tankers
Belgian oil tanker group CMB.TECH has agreed to sell two very large crude carriers (VLCCs) in a transaction expected to generate a capital gain of about $98.2 million.The vessels sold are 2012-built, 314,000 dwt Ingrid and Ilma VLCCs.The ships are scheduled to be delivered to their new owner in the second quarter of 2026.CMB.TECH said the capital gain, calculated based on the net sales price and book values of the vessels, will be recognized in the second quarter of 2026.
Cadeler’s Nexra Lines Up O&M Campaign in Taiwan
Nexra, Cadeler’s dedicated service concept, has signed a firm contract for the execution of an offshore wind operations and maintenance (O&M) campaign in Taiwan.The contract, with an undisclosed client, has an expected value exceeding $23.6 million (EUR 20 million) and will be executed across two offshore wind farms in Taiwan.The campaign will commence in March 2026, will run for three to four months…
New Zealand Moves Ahead with LNG Import Facility Plan
New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday.The government aims to sign a contract by the middle of this year for an import facility in Taranaki, on the country's North Island, that would be ready to receive LNG in…
Maersk Orders Eight Container Ships from Chinese Shipyard
A.P. Moller - Maersk has ordered eight large container vessels from China’s New Times Shipbuilding.All eight ships will have the same characteristics and make up a new series of 18,600 TEU vessels with delivery in 2029 and 2030.The ships will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquified gas.“We are pleased to have signed this agreement for eight large vessels.
New PaxOcean Shipyard Opened in Singapore
PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated, integrated workshops to support complex and high-value maritime and offshore assets. The build took two years and…
Mitsui Develops Overhang Permanent Magnet Shaft Generator
Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted on the fore end of the main engine. This configuration minimizes the impact on engine room layout and stern hull design, contributing to improved fuel efficiency and enhanced energy-saving performance for vessels.In addition…
Singapore University Leads New Ammonia Engine Project
A new research project at the National University of Singapore (NUS) aims to accelerate the decarbonization of the global shipping industry through the development of next-generation ammonia-fueled marine engines with high efficiency and near-zero emissions.The project focuses on a novel in-cylinder reforming gas recirculation (IRGR) engine concept designed to address key limitations that have so far…
Norway Expects More Russian Spying in the Arctic
Norwegian security services said they expect Russia to step up its spying on Norway this year, with a focus on the Arctic, and Moscow may commit acts of sabotage aimed at undermining Oslo's support for Ukraine.Norway, an ally of Ukraine and Europe's top supplier of pipeline gas, has been increasingly concerned that Russian intelligence agencies could target its energy infrastructure, either physically…
CAPE Holland Awarded Contract for Fengmiao Offshore Wind Farm
CAPE Holland, a global leader in offshore industry foundation installation equipment and a company within the Venterra Group, announced that it has secured a contract with CDWE for the Fengmiao Offshore Wind Farm project in Taiwan. Under this agreement, CAPE Holland will supply its CAPE VLT-640 Tandem Vibro Lifting Tool for the pre-installation of foundation (FOU) piles and offshore substation (OSS)…
Kongsberg Gruppen Q4 Beats Forecast
Norway's Kongsberg Gruppen reported a bigger than expected rise in operating profit for the fourth quarter and said its order backlog had increased by 11% in the final three months of 2025.Earnings before interest and tax rose by 42% to 2.46 billion Norwegian crowns ($251.57 million) in the October to December quarter from the same period of 2024, beating the 2.07 billion crowns predicted in an LSEG…
Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense
BAE Systems Launchpad is a new incubator program designed to take dual-use technologies beyond the defense sector and help innovations reach their full commercial potential.Launchpad directly addresses the challenge of moving defense technologies beyond prototype development by spinning them out into independent start-up businesses. This aligns with a key priority outlined in the UK’s Defence Industrial Strategy…
"Regulatory Relief" Coming for Shipbuilding, says US Department of Labor
The U.S. Department of Labor published a notice providing enhanced and transparent guidance for calculating the amount of securitization required by insurers writing policies under the Longshore and Harbor Workers' Compensation Act. This new guidance is designed to represent a transparent and structured approach that will lower the cost of doing business for industries vital to America’s economic and military dominance while continuing to put injured workers first.
EU Proposes Sweeping Sanctions on Russian Crude Exports
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.The ban would end that practice…
NYK Invests in Oceanic Constellations Tech Startup
On February 5, NYK made an equity investment in Oceanic Constellations Inc. (OC) through a third-party allotment of new shares. The funds from this investment are expected to support OC’s efforts to establish a mass-production framework for unmanned surface vehicles (USVs), among other initiatives.OC, an ocean-tech startup, aims to establish a mass-production framework for USVs within the next few years.
SANMAR Strengthens Long-Term Partnership with SAAM Towage Through New Tug Delivery
Turkish tugboat builder Sanmar Shipyards has further reinforced its partnership with SAAM Towage through the delivery of a BoÄźaçay-Class tug that will operate in Latin America.The vessel, which has been named SAAM GUANAY, is based on the RAmparts 2400SX-MKII design by Canadian naval architects Robert Allan Ltd and becomes the 13th Sanmar-built tug in the SAAM Towage fleet.Designed for optimum performance in ship-handling operations…
Tallink Shuttle to Run Entirely on Renewable Energy
Tallink's shuttle ships on the Tallinn–Helsinki route are making a big leap towards using cleaner fuel, soon to be fully powered by renewable energy. In January, 74% of the fuel used by Megastar and MyStar was liquefied biomethane (LBM). The company aims to replace its entire LNG demand with liquefied biomethane in the near future."The Megastar and MyStar, which operate with the busiest schedule between Tallinn and Helsinki…
Lloyd’s Register Strengthens Leadership in China with New Appointments
Lloyd’s Register (LR) has further enhanced its capabilities in China with the announcement of three new senior appointments. Tianxiang Li (TX), LR’s Director of Global Technical Support Office (TSO), has been appointed as President for Greater China. He will lead senior client relationships and strategic engagement, strengthening alignment between LR’s global technical leadership and the priorities of Chinese owners, yards and designers.
Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform
Progress on the BorWin6 Project continues with the successful completion of a fabrication yard milestone in Jebel Ali, United Arab Emirates. Mammoet has completed the transport, loadout and mooring of the 5,461-ton offshore jacket foundation, set to support the BorWin6 offshore converter platform BorWin kappa in the German North Sea. Developed by TenneT and delivered by McDermott International, the…
Kongsberg Maritime to Equip Four Tanker Newbuilds in Transpetro’s Fleet
Kongsberg Maritime has been hired by Consórcio Marenova to design and equip four methanol- and ethanol-ready handy-size product tankers for Petrobras Transporte (Transpetro).The vessels will be built by Consórcio Marenova, a partnership between Ecovix in Rio Grande and MacLaren in Niterói, and will be operated by Transpetro.Kongsberg Maritime said the contract is valued at more than $31 million (NOK…
