Strategic Partnerships News

HII, America’s largest military shipbuilder, and C3 AI, the Enterprise AI application software company, have announced a strategic partnership to expand digital technologies and apply artificial intelligence (AI) to accelerate shipbuilding throughput at HII’s Newport News Shipbuilding and Ingalls Shipbuilding divisions.These efforts are expected to accelerate production and support the U.S. Navy’s fleet readiness needs. The collaboration will also include opportunities in uncrewed…

X-Press Feeders Group, the world’s largest independent common carrier, has signed two agreements with COSCO SHIPPING Lines, one of the world’s largest mainline operators, to expand network coverage, strengthen mainline-feeder coordination and improve service reliability.The agreements were signed by Francis Goh, Chief Operating Officer of X-Press Feeders Group and Irene Cheng Jin, Deputy Managing Director of COSCO SHIPPING Lines on June 18, 2025. Under the partnership agreement…

Lloyd’s Register (LR) and China Cruise Limited (China Cruises) have signed a strategic cooperation framework agreement to collaborate on key areas including cruise safety, technology R&D, green transition, and digitalization. Following its full classification services for Adora Magic City, China’s first domestically built large luxury cruise ship, LR has entered strategic cooperation with China Cruises, leveraging both local project experience and global technical expertise.With a market share exceeding 40% in the global fleet of operating and newly built large cruise ships…

GTCR, a private equity firm,  announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC (Maris). Maris will seek to acquire companies in the maritime technology sector to build a market-leading platform addressing critical workflows and enabling digital transformation in the industry.The formation of Maris is supported by GTCR’s Leaders Strategy approach, which involves partnering with exceptional management leaders in its core domains to identify…

Italian energy group Eni and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a meeting in Rome between Italian Prime Minister Giorgia Meloni and Argentine President Javier Milei.Eni will act as a strategic partner of YPF on the Argentina LNG project and make use of the know-how it has developed in its floating LNG projects in Congo and Mozambique, the Italian group said in a statement.The Argentina LNG project is designed to develop the resources of the onshore Vaca Muerta field and serve international markets.

In a landmark agreement to decarbonize shipping, JPNH₂YDRO, BeHydro, DAIHATSU INFINEARTH and Mizuno Marine entered into a strategic partnership for the introduction of BEH2YDRO INFINEARTH hydrogen engines in Japan, in the presence of Her Royal Highness Princess Astrid of Belgium.Her Royal Highness Princess Astrid of Belgium, His Royal Highness Prince Lorenz, His Excellency Antoine Evrard, Ambassador of Belgium in Tokyo, His Excellency Masahiro Mikami, Ambassador of Japan to Belgium…

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has initiated discussions on business collaborations with Elomatic Oy, a Finnish engineering and consulting firm, in the maritime engineering field. The Company will continue to build strategic partnerships globally to incorporate external expertise through partnering efforts and deliver its technologies, products and services to a wider range of customers.A signing ceremony for the Framework Agreement was held on June 4 at Nor-Shipping 2025.Through this collaboration with Elomatic…

RIX Industries, a leader in advanced gas compression and generation technologies, announced a service alliance agreement with Sumitomo Heavy Industries Ltd (SHI). Under the agreement, SHI will serve as a key partner in expanding access to RIX Industries’ high-performance piston compressors and gas generators, delivering tailored solutions for a wide range of vessel types and offshore applications. This arrangement is the first of its kind between a compressor and gas generator OEM and a ship repair firm, aiming to increase technician response speed for improved readiness of the U.S.

TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter Faldt. MEP is a Danish industrial engineering company with a proven record in green maritime equipment. This expansion follows TORM’s initial acquisition of a 75% ownership stake in 2022, and now TORM has full ownership of MEP.The two companies have maintained a close, productive collaboration since 2018, when a joint venture was established to manufacture exhaust gas cleaning systems (scrubbers) in China. Since then, more than 70 systems have been installed on TORM vessels.

Saildrone announced a partnership with Palantir Technologies to enable the scaling of autonomous systems to deliver maritime AI solutions in an era of mounting global threats and critically constrained shipbuilding capacity.Saildrone operates the world’s largest fleet of operationally deployed USVs, providing maritime domain awareness to the U.S. Navy, Department of Homeland Security, and international allies. The autonomous vehicles utilize edge-computing AI/ML algorithms to monitor activities both above and below the sea surface…