Fincantieri Wins First U.S. Navy LSM Contract, Advances 35-Ship Program
Fincantieri has secured its first contract under the U.S. Navy’s Medium Landing Ship (LSM) program, marking an early step in what could become a 35-vessel procurement central to future expeditionary operations.The $30 million award to Fincantieri Marine Group covers long-lead materials procurement and engineering work for the first four vessels. The contract enables the yard to begin early-stage industrial preparation…
Ernst Russ AG Acquires Four Chemical Tanker Newbuilds
Ernst Russ AG has entered into an agreement to acquire four modern IMO Type II chemical/product tankers of the Intermediate class (18,500 dwt), with all four vessels secured under fixed charters of at least five years from delivery. The charter backlog of the Ernst Russ Group increases by approximately $126 million.The four newbuildings, built at Wuhu Shipyard Co., Ltd., China, feature a technical…
RightShip Welcomes David Finch as Chief Commercial Officer
RightShip, a maritime digital platform for safety, sustainability, and supply chain risk management and assurance, continues to strengthen its leadership team as part of its ongoing evolution and growth strategy.Over recent years, RightShip has expanded beyond its traditional strengths in vetting and inspections to deliver more connected, insight-led, and customer-centric solutions to the maritime supply chain.
Study From Orca AI, NorthStandard Highlights Role of of AI on Navigational Safety
A large-scale operational study conducted jointly by Orca AI and leading P&I club NorthStandard marks the first time an AI navigation provider and marine insurer have combined large-scale operational data to quantify the real-world impact of AI on navigational safety.Based on data from a globally operating cohort of 139 vessels, the study found that deployment of Orca AI’s platform resulted in a 52% reduction in high-severity close encounters over 12 months…
Sanctioned China-Linked Tanker Turns Back to Hormuz after Gulf Exit
The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a U.S. blockade on vessels calling at Iranian ports.U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal."During the first 24 hours, no ships made it past the U.S. blockade," the U.S.
Exmar Launches FSRU Conversion Work for Dutch LNG Terminal
Exmar said it has launched conversion works for a new floating storage and regasification unit (FSRU) to support the expansion of the EemsEnergyTerminal in the Netherlands.The move follows the signing of a conditional charter agreement covering both the extension of the existing Eemshaven LNG FSRU and a newly converted unit, with EemsEnergyTerminal expected to take a conditional final investment decision…
Toyo, OneSubsea Form Subsea CCS Partnership
Toyo Engineering Corporation has signed a memorandum of understanding with OneSubsea to explore collaboration in subsea carbon capture and storage (CCS) projects.The agreement aims to combine the companies’ capabilities to develop integrated system solutions for subsea CCS, focusing initially on projects in Japan and Southeast Asia.The companies said the collaboration will explore opportunities in areas including system design optimization and marketing strategies for offshore CO2 transport…
Gazprom Delivers Second Post-Sanctions LNG Cargo to China
Russian energy giant Gazprom has delivered a second post-sanctions LNG cargo from the Baltic Sea's Portovaya plant to China, LSEG data showed on Wednesday.The small-scale Portovaya plant, which has a production capacity of 1.5 million tons of LNG per year, started operations in September 2022.Exports from the plant have been interrupted by additional U.S. sanctions over the Ukraine war that were imposed…
Navigator Gas to Sell Eight Vessels, Exit Unigas JV in $183M Deal
Navigator Holdings has signed a non-binding letter of intent to sell eight gas carriers and its shareholding in a joint venture for about $183 million.The agreement with Bernhard Schulte and Sloman Neptun covers vessels currently managed under the Unigas International joint venture.Navigator said the proposed transaction would see it fully exit the Unigas pool, which will continue to operate with the remaining partners.The vessels…
Wärtsilä Secures VLEC Systems Deal with Hyundai Heavy Industries
Wärtsilä Gas Solutions has been contracted to supply cargo handling and fuel gas supply systems for two very large ethane carriers (VLEC) under construction at Hyundai Heavy Industries (HHI).The vessels are being built for a Malaysian shipowner, with the order booked in the fourth quarter of 2025.Wärtsilä’s scope includes engineering of the cargo handling and fuel gas supply systems, as well as delivery of equipment…
Eni Ships Venezuelan Crude to Europe After Two-Year Gap
Oil and gas producer Eni this week finished loading a 1-million-barrel cargo of Venezuelan heavy crude bound for Spain, the first the Italian company receives in almost two years following the issuance of U.S.
FMD Introduces Fully Autonomous USV Recovery System
Fairbanks Morse Defense (FMD) has introduced AutoHook, a first-of-its-kind fully autonomous vessel recovery interface developed by FMD’s Norway-based business, Vestdavit. AutoHook is designed for fully autonomous launch and recovery systems (LARS) supporting unmanned surface vehicles (USVs) and other assets requiring zero human intervention. The compact, lightweight form factor is designed for interoperability across allied fleets in demanding maritime conditions…
Evolving Cyber Risk Driven by User Credentials and Human Error
Marlink has released its Cyber Intelligence Report for Remote Operations 2026, highlighting how evolving cyber threats are increasing the risk of disruption across maritime, energy, enterprise and critical infrastructure sectors.The report reflects growing exposure to safety, operational, financial and reputational risk as digital dependency increases across remote environments. Based on continuous…
European Industrial Leaders Aim to Accelerate Clean Hydrogen
The European Resilience Alliance for Clean Hydrogen & Derivatives (ERA) was officially launched at the European Parliament in Brussels on April 14.ERA is a pan-European, CEO-led initiative uniting leading industrial companies across the clean hydrogen value chain to address Europe's energy challenges, enhance industrial competitiveness, and secure strategic autonomy in the face of rapidly changing geopolitical and industrial pressures.ERA’s founding members include ENAGÁS…
Report: Over 20 Commercial Ships Transit Hormuz
More than 20 commercial ships have passed through the Strait of Hormuz in the past 24 hours, the Wall Street Journal reported on Tuesday, citing U.S. officials.Reuters could not immediately verify the report.Earlier on Tuesday, the U.S. military's Central Command said no ships have made it past a U.S. naval blockade of Iran's ports and coastal areas, and six merchant ships have followed orders to turn back.U.S.
US Will Not Renew Sanctions Waiver on Iranian Oil
The U.S. will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week, and quietly let a similar waiver on sanctions on Russian oil expire over the weekend, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports.Tuesday's move signals that "Treasury is going full force on Economic Fury" on Iran, an apparent reference to Operation Epic Fury…
Oil Prices Fall, Wall Street Indexes Edge Up on Hopes of US-Iran Resolution
Wall Street stock indexes edged up, oil prices tumbled and the dollar's safe haven appeal waned on Tuesday as investors looked past a U.S. blockade on Iran's ports to the prospect of an eventual resolution to the conflict.Negotiating teams from the U.S. and Iran could return to Islamabad this week, four sources said, days after talks - held at the highest level between the two sides since the 1979 Islamic Revolution - ended in the Pakistani capital without a breakthrough.U.S.
Six Ships Follow US Orders to Turn Back in Strait of Hormuz Blockade
No ships have made it past a U.S. naval blockade of Iran's ports and coastal areas, and six merchant ships have followed orders to turn back, the U.S. military said on Tuesday, providing the first details on a day-old effort ordered by President Donald Trump after peace talks between the U.S. and Iran broke down.The U.S. military has said that the blockade, which started on Monday, would only apply to ships going to or from Iran…
Zelim’s ZOE Man-Overboard Detection System Becomes First Fully Certified Solution
Zelim has announced that its AI-enabled ZOE man-overboard detection (MOB) system has received official ISO 21195:2020 certification from independent classification body Lloyd’s Register, following successful completion of testing.This follows sea trials on board the Ambition vessel, managed by Ambassador Cruise Line—the first time the ISO testing has been completed on a cruise vessel. The performance of ZOE was monitored whilst the cruise ship was underway for a continuous period of 90 days…
New Pedestrian and Cycle Bridge Transported to Stockholm by Sea
A new pedestrian and cycle bridge has been transported to Stockholm by sea from Poland. It arrived in six large sections, the heaviest weighing as much as 152 tons. The sections were then towed onwards to the Slussen project, where the bridge will connect two parts of the city. The delivery demonstrates how the quays of Stockholm enable efficient and sustainable transport directly to final destinations in central Stockholm.On April 12…
