ABB to Power Allseas’ Heavy Transport Vessel Grand Tour
ABB will supply the integrated power and propulsion system for Grand Tour, a new 230-meter semi-submersible heavy transport vessel being built by Guangzhou Shipyard International (GSI) for offshore contractor Allseas.Scheduled for delivery in 2028, Grand Tour is designed to transport large offshore wind converter stations from fabrication facilities in Asia and Europe and transfer them directly to…
DOF Wins AHTS Contracts in CARICOM Region
DOF has been awarded firm contracts with a combined duration of 150 days for two of its AHTS vessels in the CARICOM region (Caribbean). DOF will also provide ROV services for the engagement.The two vessels will commence transit to the region shortly. The combined value of the contracts is “significant”, which DOF defines as contracts with value between $15 and $25 million.
Vietnam Starts Construction of Largest Domestic Anti-Submarine Frigate
Vietnam has begun construction on what it describes as the country's largest and most advanced domestically made anti-submarine frigate, a military-owned newspaper reported.The vessel, being built at the defense ministry's Song Thu Shipyard in Danang City, will also have most of its weapons and military equipment developed or assembled in the country, the Quan Doi Nhan Dan newspaper said late on Monday.Vietnam, which has long been involved in maritime disputes with China and other claimants to t
Hanwha Makes $1.2B Offer for Austal USA
Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16%, logging their best intraday jump since mid-February. The stock was the top gainer on the benchmark ASX 200 index .AXJO, which traded 0.2% higher as of 0125 GMT.Hanwha Defence USA offered to buy Austal's U.S.
Ship Spotter: Training Ship State of Maine
Training Ship State of Maine, the third of five National Security Multi-Mission Vessels built for the U.S. state maritime academies, seen at Maine Maritime Academy in Castine, Maine.
Lockheed Martin Awarded Combat Systems Contract for Australian Submarines
The Australian Submarine Agency (ASA) has awarded Lockheed Martin a two‑year AUD$26.5 million ($18.7 million) contract to create a sovereign Combat Systems Integration (CSI) capability for Australia’s future Virginia‑class submarines under the AUKUS partnership.Australian engineers will be supported by U.S.-based Virginia-class submarine subject-matter experts, to accelerate capability development and build a sustainable…
US Sells Seized Tankers for Scrap
The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington's raid on Venezuela, Lloyd's List reported on Monday.Dubai-headquartered vessel recycling firm Global Marketing Systems purchased the tankers last month for an undisclosed sum, according to the report.The sale included the Era, previously operating as Marinera and Bella 1, and the Lileo, previously sailing as Galileo and Veronica, the report said.
US Officials Work to Close Supply Chain Gaps as Foreign Investment Grows
U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S. President Donald Trump's tariffs on foreign imports and deregulation were fueling foreign investments in manufacturing…
WireCo Appoints Luis Padilla as Chief Operating Officer, North America
WireCo® has appointed Luis Padilla as Chief Operating Officer, North America, reporting to Chief Executive Officer Keith White.Padilla will lead WireCo’s North American business, with responsibility for advancing operational performance, manufacturing excellence and execution across the region. He will also play a central role in strengthening the company’s ability to serve customers, support profitable…
India’s Recycling Market Gains Momentum
Wirana Shipping has identified improving steel demand in India as an encouraging sign for the country’s ship recycling market, while slower demand and financing pressures continue to weigh on Bangladesh.The latest Market Outlook reports a second consecutive week of improving steel demand in India. Local steel plate prices increased by $4/MT, semis and finished steel products by $2–4/MT and imported scrap by $1/MT.
U.S. Containerized Imports from China Rose 7.2% in July
Descartes Systems Group has released its August Global Shipping with figures indicting that July 2026 U.S. container import volumes increased 4.5% over June to 2,508,310 TEUs, reflecting typical month-over-month seasonal growth.July U.S. containerized imports from the top 10 countries of origin increased 4.9% month-over-month for a combined increase of 83,706 TEUs. China recorded the largest volume gain…
Australian Navy Launches Indigenous Action Plan
The Royal Australian Navy is reaffirming its commitment to reconciliation and strengthening partnerships with Aboriginal and Torres Strait Islander peoples with the launch of a new five-year plan.Launched on the International Day of the World's Indigenous Peoples, the Djalkiri – Foundational Footsteps: Navy Indigenous Action Plan 2026-2031 outlines how Navy will deepen cultural understanding, bolster…
Trump’s Revised Jones Act Waiver Gets Mixed Reception
President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.The extension, finalized on Monday, comes as the war with Iran disrupts global crude flows and pushes up fuel costs…
Oil Prices Rise 3% as Iran Demands US Cooperation
Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.Brent crude futures were up $2.48, or 3%, at $86.03 a barrel by 10:44 a.m. EDT (1444 GMT). U.S. West Texas Intermediate crude futures were up $2.43, or 3.1%, at $80.61.Both benchmarks fell more than 7% last week on hopes that Iran and Oman were close to reaching a deal that would result in a reopening of the strait…
OPEC Oil Output Rises in July as Gulf States Restore Operations
OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.Output by the 11-member Organization of the Petroleum Exporting Countries rose by 1.17 million barrels per day month-on-month to 19.85 million bpd, the survey found.That extended the recovery from May, which was the lowest monthly figure since at least 2000…
Maersk Training Sold to OpenGate Capital
A.P. Moller - Maersk (Maersk) has entered into an agreement to sell Maersk Training and its subsidiary Maersk H2S Safety Services to Open Gate Capital, an industrial, corporate carve-out specialist. The agreement remains subject to customary closing conditions and regulatory approvals. For more than four decades, Maersk Training has provided specialized training, competence development and safety services to industries including energy…
Oil Spill from Sanctioned Tanker Spreads Rapidly
An oil slick is covering an area of around 390 square kilometres (150 square miles) off the coast of Oman, the country's government said on Monday, after a vessel under sanctions and carrying Russian crude sustained damage.The Caroline Bezengi's crew first reported difficulties on June 8 off the southern Yemeni port of Mukalla, two maritime security sources said, adding that initial assessments indicated…
Hamworthy Returns with Renewed Focus on the Future of Marine Water & Waste
Marking a new chapter for British marine water and waste specialist Hamworthy, CEO Fraser Scott reflects on how environmental systems have evolved from check-box auxiliary equipment into essential infrastructure at the heart of modern shipping.When we reintroduced the Hamworthy name to the maritime industry in June, I found myself reflecting on everything that has changed during our 14 years as the water and waste systems division of the Wärtsilä Group.
Surveys, Offshore Energy Inspections Leverage Autonomous Technology
Greater vehicle sophistication is pushing surveys and offshore energy inspections further towards autonomy.When the Norwegian Offshore Directorate set its new HUGIN autonomous underwater vehicle (AUV) to work in June, there was a moment’s reflection on the fact that deep sea areas have actually been mapped since the 1800s. In the early days, simple weights were used to measure water depth and give the first indications of subsea structures and seabed morphology.
ITLOS Ruling: A Landmark Defense of Freedom of Navigation
In the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to pay over €14 million in damages to the Republic of the Marshall Islands for the unlawful seizure of a commercial tanker and detention of its multinational crew. The ruling in the M/T Heroic Idun (No. 2) case represents a watershed moment for international maritime law…
