Ship Recycling Industry Playing “Musical Chairs”
Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after week from these markets — meaning it is becoming increasingly difficult to identify what price can be obtained for which type / LDT of unit and, most importantly, which buyer in which…
Stolt-Nielsen Looks for Partner in LNG Venture
Stolt-Nielsen, through its subsidiary Stolt-Nielsen Gas, has confirmed it is in discussions with a strategic buyer, regarding the potential sale of up to 50% of its interest in Avenir LNG.Avenir LNG is an industry leader in small-scale LNG supply and is focused on supporting the marine energy transition through one of the largest fleets of small-scale LNG vessels. Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering vessels…
Damen and PVE Equipment USA Sign Dredge Pump Reseller Agreement
Damen Shipyards Group has signed a reseller agreement with PVE Equipment USA (PVE USA) that appoints PVE as authorised partner and official supplier for the sales, service, and parts supply of Damen’s DOP submersible dredge pumps across the US.Under the agreement, PVE USA will leverage its nationwide network in piling, vibro, and foundation equipment to expand US access to DOP pumps, while providing local stock and service…
HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding
HII announced that Daniel Marks has been appointed vice president of contracts and pricing at its Ingalls Shipbuilding division. Marks succeeds Stephen Fitts, who has been appointed vice president of supply chain management at Ingalls and is succeeding Scott Weldon who retired at the end of December 2025 after 25 years of service to the company.In this role, Marks will be responsible for contract administration, estimating and pricing, and export/import licensing and compliance for Ingalls.
Norway Files Oil Bribery Charges in the Republic of Congo
Norwegian police said on Monday they had charged an oil company and two executives in Norway on suspicion of paying millions of dollars in bribes to close family members of Congo Republic President Denis Sassou Nguesso.Norwegian police said the investigation was launched after Monaco police sought legal assistance related to a suspicious bank transaction, and that substantial assistance also came from other countries, including France and the United States."The bribes...
Denmark, Germany Agree to Proceed with Bornholm Energy Island Wind Project
Denmark's Prime Minister Mette Frederiksen said on Monday that her country has agreed with Germany to jointly proceed with the Bornholm Energy Island, a large offshore wind project.Frederiksen was speaking at a press conference at an energy conference in Hamburg alongside German Chancellor Friedrich Merz.(Reuters)
Finland to Tackle Subsea Cable Damage with New Surveillance Center
Finland's Border Guard hopes to prevent damage to critical undersea infrastructure in the Gulf of Finland with a maritime surveillance centre it plans to set up in cooperation with other Baltic Sea states and the EUCommission, it said on Monday.The Baltic Sea region has been on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.
BOEM Invites Public Input on Potential Offshore Oil Leasing Areas in California
The Bureau of Ocean Energy Management announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas leasing in Southern California and Central California under President Trump’s 11th National Outer Continental Shelf Oil and Gas Program.Publishing these calls in the Federal Register marks the first step in BOEM’s offshore oil and gas leasing process under 30 CFR 556.301.
First of Five Maersk Tankers’ Vessels Fitted with bound4blue Suction Sails (Video)
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels, representing bound4blue’s…
Gulf Marine Services Lines Up First Fleet Addition in 10 Years
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has agreed to acquire a new mid-class self-propelled, self-elevating support vessel, marking its first vessel acquisition in a decade.The vessel is expected to join the company’s fleet of 14 vessels within the next two weeks and is intended to support GMS’ strategy of doubling its 2024 adjusted EBITDA…
Nuclear-Powered DP Vessels Technically Feasible, Vard Study Shows
A study led by Vard, a subsidiary of Italy’s Fincantieri, has found that nuclear-powered offshore vessels are technically feasible, confirming that small fourth-generation nuclear reactors can be integrated into dynamically positioned vessels while meeting safety, redundancy and operational requirements.Results from the NuProShip II research and innovation project show that nuclear propulsion can support DP2 power architectures…
Kongsberg Maritime to Equip Hana Shipping’s Floating Wind Construction Vessel
Kongsberg Maritime has signed a contract to deliver a comprehensive deck machinery package for a new-generation 127-metre Floating Wind Construction Vessel (FWCV) being built for Hana Shipping of Korea.Scheduled for delivery in July 2027, the FWCV represents one of the most advanced vessels ever designed for floating offshore wind operations and marks the first large FWCV order globally in recent years.The vessel…
Chemship Orders Econowind’s VentoFoils for Two More Chemical Tankers
Chemical tanker operator Chemship has placed a repeat order with Dutch wind propulsion specialist Econowind for the installation of VentoFoils on two additional vessels, expanding its use of wind-assisted ship propulsion technology.Chemship said Chemical Contender and Chemical Fighter will each be fitted with four 16-meter ATEX-proof VentoFoils in the second half of 2026, as part of efforts to reduce…
Fincantieri Signs Cyber Resilience Contract with Italian Navy
Fincantieri has signed new contracts with the Italian Navy to enhance the cyber resilience of modern naval units, strengthening protection against cyber threats to onboard systems and mission security.The contracts, signed through e-phors, a subsidiary of Fincantieri NexTech, cover the deployment of an integrated solution designed to monitor and counter cyber threats targeting ships’ onboard Ship Management System networks.
Finland Joins EU, Baltic Partners to Strengthen Subsea Monitoring
Finland’s Border Guard is setting up a maritime surveillance centre together with other Baltic Sea states and the European Commission for the protection of critical undersea infrastructure in the Gulf of Finland, it said on Monday."Competent authorities must have the capability and the authority to intervene in situations occurring in the territorial sea and the exclusive economic zone," it said in a statement.The Baltic Sea region is on high alert after a string of power cable, telecom link and
