Libyan Coast Guard Tows Drifting Russian LNG Tanker Away From its Shore
Libya’s coast guard has begun towing away a damaged liquefied natural gas tanker that several Mediterranean countries warned posed an environmental risk after drifting unmanned for weeks, the Tripoli‑based Government of National Unity (GNU) said.The Russian-flagged Arctic Metagaz, carrying LNG from the Arctic port of Murmansk, has been adrift since early March, when Russia's Transport Ministry said it was hit by Ukrainian naval drones.With no crew aboard…
Windcat Amsterdam Debuts as First Elevation CSOV in Europe
Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning service operation vessel (CSOV) in European waters.The vessel was developed jointly by the two companies and constructed at Damen’s Ha Long Shipyard in Vietnam. It is designed to support construction, commissioning and maintenance activities…
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under the agreement, Baker Hughes will provide two LM6000PF gas turbine-driven centrifugal compressor trains and three NovaLT16 gas turbine generator packages for the first phase of the project…
Compact Plant Cultivation Rack Installed on Coal Carrier
NYK has installed a compact plant cultivation rack aboard the coal carrier Pirika Moshiri Maru, which is operated for Hokkaido Electric Power Co., Inc.The system, called the “PUTRACK” and developed by Plants Laboratory Co., Ltd., uses a water-saving cultivation technology that requires only a small amount of water. Its design allows for flexible adjustment of the number of racks and tiers to match the ship’s available space…
EcoNavis Completes Second Eco Boss Cap Retrofit for Kaizen
EcoNavis Solutions has completed retrofit installation of its Eco Boss Cap to a second vessel operated by Thailand-based Kaizen Ship Management. The successful installation marks the first repeat order for the energy-saving propeller technology since market introduction last year.The latest retrofit, carried out last week on the 32,491dwt bulk carrier YC Fortitude, follows the July 2025 installation on the 31,807dwt general cargo ship SYFC Araya.
Shipping Faces Investment Strain as Decarbonization Rules Tighten, Wärtsilä Finds
Shipping companies are facing mounting pressure on investment decisions as decarbonization regulations translate emissions targets into direct operating costs, according to a survey commissioned by Wärtsilä.The study, based on responses from 225 senior maritime executives, found that more than 90% of respondents remain confident in their ability to navigate the energy transition, despite growing complexity in decision making.Uncertainty around technology pathways…
ClassNK Grants Approval for CO2 Carrier Design for CCS Project
ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating injection system being considered for deployment in deepwater environments where subsea pipeline-based CO2 storage is not feasible.The certification confirms the feasibility of the carrier design from regulatory and safety perspectives…
Mark Offshore Adds Research Vessel Mintis to Support Offshore Renewables
Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has appointed Mark Offshore as commercial and operational manager for the vessel’s activities within the renewables and energy sectors.The addition of Mintis is aimed at supporting offshore wind…
Zelim to Supply AI Man-Overboard Detection Systems to BC Ferries
AI-driven maritime safety and security systems specialist Zelim has secured a contract to supply its AI-enabled man-overboard (MOB) detection system to four hybrid-electric ferries being built for Canadian operator BC Ferries.The agreement, signed in February 2026, will see Zelim install its ZOE MOB detection technology on the vessels, with installation expected to begin in 2027. The ferries are scheduled…
Fincantieri Profit Surge Underpins Outlook, Strategy Shift
Italian shipbuilder Fincantieri reported a more than fourfold jump in its annual profit to 117 million euros ($136 million) on Wednesday, boosted by the underwater business line that saw 88% revenue growth.Shares of the Trieste-based company gained up to 7.5% shortly after the results.The state‑controlled shipbuilder reiterated its 2026 targets for revenue of 9.2 billion to 9.3 billion euros, a core profit (EBITDA) margin of around 7.5%, and an increased net profit."We are preparing to capture f
Thai Tanker Transits Hormuz after Iran Talks
A Thai oil tanker has safely passed through the Strait of Hormuz following diplomatic coordination between Thailand and Iran, and was not required to pay to escape the blockade, a Thai official and the oil major that owns the vessel said on Wednesday.The Bangchak Corporation BCP.BK-owned tanker crossed the strategic waterway on Monday after successful talks between Thai foreign minister Sihasak Phuangketkeow…
Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike
A fire broke out at Russia's Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday.Ukraine has stepped up drone attacks on Russian oil refineries and export routes over recent weeks in an attempt to weaken Russia's war economy.Ust-Luga and Primorsk, on the Gulf of Finland, were forced to suspend exports of oil and crude on Sunday after drone attacks but they had restarted loadings on Monday…
Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz
Iran has told the United Nations Security Council and the International Maritime Organization that "non-hostile vessels" may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday.The U.S.-Israeli war against Iran has all but halted shipments of about one-fifth of the world's oil and liquefied natural gas through the strait, causing…
Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears
Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4.17, or 4%, to $100.32 a barrel by 0708 GMT, after declining to as low as $97.57. U.S. West Texas Intermediate crude CLc1 futures were down $3.11…
CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion
A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades operated the Balboa and Cristobal terminals near the Panama Canal, said it had supplemented its claims in proceedings under the International Chamber of Commerce's arbitration rules…
Ports of Indiana Handles First Aluminum Shipment
Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge shipment of aluminum.The shipment, totaling approximately 1,650 tons of aluminum, arrived after traveling by ocean vessel from Asia to New Orleans and then by barge to Indiana. The aluminum will be distributed to Midwest manufacturers…
IMCA Welcomes DEME Offshore Energy MD as New President
The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March.Bruno Pinho, Senior Vice President for Subsea Operations at TechnipFMC, becomes Vice President, and will replace Bouvy as President in two-years’ time.As the offshore marine industry navigates a period of change driven by technological innovation…
China Mapping Ocean Floor Ready for Submarine Warfare
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example, the Dong Fang Hong 3, a research vessel operated by Ocean University of China, spent 2024 and 2025 sailing back and forth in the seas near Taiwan and the U.S.
Iran War Hits Natural Gas Harder than Oil
At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for gas consumers considerably more acute.Key…
International Group Delivers Aid to Cuba
Cuba on Tuesday received a shipment of humanitarian aid from the Nuestra America Convoy, an international effort organized by global activists seeking to circumvent U.S. sanctions that severely restrict shipments of fuel and other goods to the island.The aid arrived in a small ship that departed last week from the port of Progreso in Mexico and entered Havana Harbor early on Tuesday, delivering 14 tons of food, medicine, solar panels and bicycles to Cuban authorities.
