Parker Towing Company Successfully Repowers M/V Syble Fay
Parker Towing Company has completed the repower of the M/V Syble Fay at Verret Shipyard, replacing the vessel's Cummins QK38 main engines with two Mitsubishi S12R Tier 3 engines supplied by Laborde Products. Each engine is rated at 1,100 horsepower at 1,600 RPM, providing a total of 2,200 horsepower for the vessel's continued service on the inland waterways.The MV Syble Fay is a 78-foot by 34-foot twin-screw towboat with a depth of 10 feet.
AYK Energy to Provide Batteries to Grimaldi Groups' RoPax Vessels
AYK Energy has secured a deal to supply its 2073kWh OrionAN batteries to nine RoPax vessels being constructed for Grimaldi Group as part of its fleet renewal program.The vessels commissioned are being built at China Merchants Jinling Shipyard (Weihai) and will be delivered in 2028-2030.Six of the ships will be deployed in the Mediterranean under the Grimaldi Lines and Minoan Lines brands, while three will be operated by Finnlines in the Baltic Sea.
Albanian Shipbuilding Gets a Boost with Fincantieri MOU
Fincantieri has taken another step in establishing a long-term shipbuilding presence in Albania, signing a memorandum of understanding (MoU) to develop the skilled workforce needed to support the modernization of the Pashaliman shipyard and the country's emerging naval industrial base.The agreement, signed with Albanian state-owned infrastructure company KAYO and the "Pavarësia" Vocational Institute in Vlorë, establishes training programs focused on shipbuilding and naval construction.
FLEETEX 250 NATO Exercises Proceed Off US Coast
The warning came booming over the airwaves, in a voice unmistakably from the American south: "Warship! Get out of our waters!"Norwegian Lieutenant Thomas Johannsen and his sailors were preparing for a simulated boarding operation -- a core mission for their NATO maritime unit. But with so many other war games happening in the area, the crew was picking up unrelated chatter from a nearby vessel.Johannsen pivoted to a clear frequency before addressing the cargo ship in his sights.
Is Hormuz Half-Open or Half-Closed? Tanker Rates on the Mend
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports.But the gap between expectation and reality remains wide, leaving the global…
ClassNK Introduces World's First Notation for Shipbuilding Carbon Footprints
Classification society ClassNK has introduced what it said is the world's first notation to indicate that greenhouse gas emissions generated during ship construction have been calculated and undergone third-party verification.The new notation, called ‘a-EA (CFP)’, has been added to ClassNK's Environmental Guidelines and is intended to help shipyards, shipowners and shipping companies demonstrate the…
Veson Nautical Launches AI-Powered Platform for Maritime Trade
Maritime software provider Veson Nautical has launched the Veson Platform, a unified platform that combines its IMOS operating system, CoCaptain artificial intelligence tools, communication capabilities and new data products under a single interface.The company said the new platform integrates IMOS, CoCaptain, Mail, Vessel Insights and Bunker Insights to provide maritime companies with workflows, collaboration tools and data on one platform.For more than 20 years…
Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman
Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development…
Shell Forecasts 65% Surge in Global LNG Demand by 2050
Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday.Global demand is likely to reach nearly 700 million metric tons a year by that date, the world's largest trader of the superchilled fuel said in its 2026 LNG Outlook.LNG trade, which reached 422 million tons in 2025, had been set to increase in 2026, it added.
JS Alliance Successfully Completes Indian Liquid Cargo Berth
The JSI Alliance has successfully completed a major project in India for client Afcons Infrastructure Limited. Afcons was contracted to construct a new liquid cargo berth for Gujarat Chemical Port Ltd. (GCPL). The JSI Alliance was contracted for the execution of critical heavy lifting operations for the development.The project scope was complex, requiring heavy-lift capabilities for the installation of eight jackets and fifteen berthing dolphins weighing between 500 and 600 t…
ABS Helps Blaze a Digitization Path, Reshaping Offshore Energy
The offshore energy industry is in the midst of a new investment cycle, driven by major developments in South America, renewed demand for energy security and an increasing reliance on digital technologies to improve asset performance. For Matt Tremblay, Senior Vice President, Global Offshore at the American Bureau of Shipping (ABS), the opportunities are significant — but so are the challenges.Speaking with Offshore Engineer in Houston…
Eldorado-Vantage Merger Signals Continued Offshore Drilling Consolidation
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.Post-transaction…
US Natural Gas Prices Fall With Ample Supply Maintaining Pressure on Market
U.S. natural gas futures fell for a second straight session on Monday, as ample supplies kept pressure on the market despite forecasts for hotter weather in the coming weeks. On its first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange fell 8.2 cents, or 2.5%, to $3.20 per million British thermal units. The contract is down 2.7% so far this month. "The market…
Oil Prices Rise After US, Iran Attacks and Amidst Hopes of Hormuz Shipping Recovery
Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday…
New Russian‑Flagged LNG Tanker Begins Operations For US Project
A newly Russian-flagged LNG tanker - Arctic Express - has picked up a cargo of liquefied natural gas from a floating storage facility used to trans-ship gas from the Arctic LNG 2 project, which is under U.S. sanctions, LSEG data showed.Arctic LNG 2, initially planned to be one of Russia's largest LNG plants with an eventual output of 19.8 million metric tons per year, continues operations despite U.S.
Duke Energy to Terminate NC Offshore Wind Lease
Duke Energy will terminate its offshore wind lease in the Carolina Long Bay area under a settlement agreement with the U.S. Interior Department and reinvest nearly $129 million in additional power generation capacity in the Carolinas, the department said on Monday.(Reuters)
Rocket Lab to Acquire Global Satellite Service Iridium
Rocket Lab Corporation, a global leader in launch and space systems and Iridium Communications Inc., a provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction.
AD Ports Group, Emirates Global Aluminium Invest $22m in Khalifa Port Infrastructure Development
AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, and Emirates Global Aluminium (EGA), the largest premium aluminium producer in the world, have signed an agreement to enhance EGA’s dedicated berth at Khalifa Port.As part of their longstanding strategic partnership, AD Ports Group and EGA will jointly invest USD$22.87 million (AED 84 million) in a multi-phase berth…
DOF Extends Charter for MPSV in Australia for One More Year
Norwegian offshore vessel owner DOF has secured a one-year contract extension for its multi-purpose supply vessel (MPSV) Skandi Darwin in Australia.The company said the vessel's current client exercised an extension option that will keep the 2012-built vessel working in Australia until the third quarter of 2027.DOF did not disclose the name of the client or financial terms of the extension.Skandi Darwin is of the MT 6015 MPSV design and is equipped with a multi-application cargo system…
TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei
TGS has secured exclusive rights from the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3D seismic survey offshore Brunei.The contract covers the acquisition, processing and marketing of new 3D seismic data under a multi-client model.TGS said the project would allow it to seek industry prefunding to deliver new seismic data aimed at improving understanding of reservoir potential…
