Hopes Fade for Bright Start of 2026 for Ship Recyclers
The Baltic Exchange Dry Index halted a nine-session slide to mark a 2.3% U-turn, climbing to 1,567 points, reports cash buyer GMS. This was driven by gains across segments: Capes (up 2.3%), Panamax (up 4.3%), and the smaller segments adding four points by weekās end.āNotably, the overall benchmark index still finished the week down 7.2%. Oil too continued to trip on itself and stayed below the coveted USD 60/barrel mark despite a 0.4% increase, closing the week out at USD 59.44/barrel.āThe U.S.
EU Simplifies Ship Recycling Certification for Shipowners
European shipowners who wish to have their vessels recycled will now be able to fulfil their legal obligations using a single administrative form.The European Commission has adopted new formats for the certificates used to list all hazardous material present on board a vessel and to confirm that a ship is ready for recycling.The update will enable ship owners to fulfil their obligations under both the EU's Ship Recycling Regulation and the Hong Kong ConventionāÆwith a single certificateā¦
Petrobras and Transpetro Invest in Gas Carries, Inland Vessels
On January 20, Brazil President Luiz Inácio Lula da Silva will sign contracts for the construction of vessels for the Mar Aberto Program, an initiative aimed at renewing and expanding the Petrobras fleet.Petrobras and Transpetro are contracting five gas carrier ships, in addition to 18 barges and 18 pushboats, in a total investment of R$ 2.8 billion, with the potential to generate more than 9,000 directā¦
Tugboat Polar King Back After Vessel Overhaul
The formerly retired tugboat Polar King is back on the water thanks to the hard work of the Alaska Marine Lines team and many others throughout the Lynden companies. The 50-year-old tugboat was completely overhauled earlier this year and is now back in the fleet and will be towing barges between Seattle, Hawaii, and Western Alaska ports. The 120- by 34-ft. tug was built in 1974 at McDermott Shipyard, one of eight built that year. Four of those vessels ended up towing barges at AML.
Brazil Beef Exports Projections Released
Brazilian beef exports will remain stable in 2026 compared with last year, beef lobby ABIEC said on Monday, projecting shipments between 3.3 million and 3.5 million metric tons this year.That compares with 3.5 million tons of beef exported in 2025, including fresh and processed products, when Brazil's beef shipments had their best year on record both in volumes and revenue, according to trade data.
India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledgedā¦
Leonardo Chairman Floats Possible Future Merger with Fincantieri
The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and stateācontrolled shipbuilder Fincantieri.Speaking at a conference at Milan's Bocconi University, Stefano Pontecorvo told an audience that he hoped the two groups could one day merge, addressing his remark to Claudio Cisilino, Fincantieriās executive viceāpresident for operations, who was sitting in the audience.āI hope that one day a merger between us might be possible,
R.M. Young Company, Western Weather Group to Host Webinar on Wildfire Forecast Intelligence for Utilities
R.M. Young Company and Western Weather Group will host a joint educational webinar titled "Powering Safer Grids with Wildfire Forecast Intelligence + Rugged Weather Hardware" on February 10, 2026, at 2:00 PM Eastern. The live webinar is free to attend with advance registration.As wildfire risk continues to grow across utility service territories, accurate forecasting and dependable environmental data have become critical to grid safetyā¦
Landmark Contract Inked on Autonomous Nav
Avikus, HD Hyundaiās specialized autonomous navigation subsidiary, signed a landmark agreement with HMM, South Koreaās leading national carrier, to supply its AI-based autonomous navigation solution, HiNAS Control, to 40 vessels.This agreement represents the largest single supply contract for autonomous navigation solutions to date. With this deal, Avikus becomes the first company in the industry toā¦
UK-Led Maritime Consortium Unveils Plan for Nuclear-Powered Shipping
A U.K.-led maritime consortium has set out plans to develop international standards for nuclear-powered commercial ships, as Britain seeks a leading role in efforts to decarbonize global shipping.The Maritime Nuclear Consortium, convened by Lloydās Register, brings together companies from the nuclear, maritime, insurance and regulatory sectors to address safety, security, regulation and commercial viability for nuclear-powered vessels.The consortiumās core members include Lloydās Registerā¦
Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure
Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander FSO is currently deployed on the Bualuang oil field offshore Thailand, which is operated by Medco Energi Thailand. Under the transaction, Samos will takeā¦
Saipem Launches Drilling Training Center with Full-Scale Simulator
Saipem has launched a new Drilling Training Centre featuring a full-scale simulator designed to provide immersive, hands-on training for drilling personnel.The center is accredited by the International Well Control Forum, a global body for well control competency certification, enabling it to deliver internationally recognized training and certification for personnel working on drilling rigs.At theā¦
OMS Group Enlists Ulstein to Build Two Next-Gen Cable Layers
Subsea services provider OMS Group has signed contracts with Ulstein for the design and construction of two cable laying vessels (CLVs).The vessels will be designed by Ulstein Design & Solutions and constructed at Ulstein Verft, with delivery planned for 2028. Each vessel will be about 130 meters long and 22 meters wide, with cable capacity of up to 6,500 tonnes and accommodation for 75 people.The design includes two large cable tanksā¦
Worldās First Methanol Dual-Fuel KAMSARMAX Bulk Carrier Delivered
Tsuneishi Shipbuildingās Philippines-based yard Tsuneishi Heavy Industries has delivered the worldās first methanol dual-fuel KAMSARMAX bulk carrier, Brave Pioneer.By adopting methanol as a propulsion fuel, the vessel achieves a reduction of approximately 10% in carbon dioxide emissions, 80% in NOx and 99% in SOx compared with conventional vessels. The use of green methanol further enhances the vesselāsā¦
Trafigura to Advance Low-Carbon Ammonia in U.S.
CF Industries, Trafigura and TFG Marine have signed a memorandum of understanding (MoU) to facilitate the adoption of low-carbon ammonia as a marine fuel.Building on the successful collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, the agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel, supporting the global shipping industry's emissions-reduction efforts.Under the MOUā¦
China's Military Monitors US Vessels Transiting the Taiwan Strait
China's military said it had followed and monitored the transit of guided-missile destroyer USS Finn and oceanographic survey ship USNS Mary Sears through the Taiwan Strait on January 16 and 17, it said on an official WeChat account Saturday.A spokesman for the Eastern Theatre Command of the People's Liberation Army said in the statement that it remains "on high alert at all times" to "resolutely defend national sovereignty and security".The Pentagon did not immediately respond to a request for
The UXO Risk: Seequent Adds Clarity Underwater
āSeeingā under the worldās waterways is a perpetual challenge, seeing whatās under the seabed surface and even bigger challenge. Seequent, the Bentley Subsurface Company, helps organisations understand whatās happening underground and under the seabed, helping to identify and mitigate risks such as unexploded ordinance (UXO), helping to ensure a more efficient and safe work environment for multiple maritime stakeholders.
U.S. Coast Guard Launches RAPTOR to Identify Maritime Defense Solutions
The U.S. Coast Guard has unveiled a rapid-response approach that identifies, prototypes and delivers breakthrough technologies to meet urgent operational needs and drives accelerated transition to programs. The Office of Rapid Response and Prototyping (CG-RAPTOR) is accelerating the āidea-to-operationsā cycle, rolling our solutions within 30, 60, and 90 days through collaboration with operators, industryā¦
U.S. District Court Allows Coastal Virginia Offshore Wind to Resume Work
Today the U.S. District Court for the Eastern District of Virginia granted Dominion Energyās request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energyās lawsuit challenging the agencyās action proceeds. Our team will now focus on safely restarting work to ensure CVOW begins delivery of critical energy in just weeks.
JERA Nex bp Acquires EnBWās Stake in Mona Offshore Wind Farm
JERA Nex bp is acquiring EnBWās stake in the Mona Offshore Wind Farm and has signed a lease agreement with The Crown Estate for the project, marking an important milestone for the company and for the UKās offshore wind ambitions.This is a significant step towards final investment decision for the project which, once operational, could deliver up 1.5GW of clean energy to the UK. As Mona advances, the project has the potential to unlock new jobsā¦
