Maritime Technologies Forum Publishes Guidelines for Methanol as Marine Fuel
The Maritime Technologies Forum (MTF) announced the publication of new guidelines to support companies in developing new Safety Management Systems (SMS) and strengthening existing SMS for ships using methanol as fuel. As the maritime industry accelerates its decarbonization efforts, low-carbon methanol has emerged as one of the most scalable alternative fuel options. Its liquid state under ambient conditions…
Berg Propulsion Secures Six-Vessel Equipment Order
Swedish marine propulsion technology company Berg Propulsion has secured a contract to supply propulsion packages for six 7,000-dwt multi-purpose dry cargo vessels being built by Jiangsu Dajin Heavy Industry in China for UK shipowner and operator Carisbrooke Shipping.The six vessels, designed by Dutch naval architecture firm Groot Ship Design, are scheduled for delivery between the third quarter of 2027 and the first quarter of 2029.Measuring 110 meters in length and 15.45 meters in breadth…
ADNOC L&S Orders Four LNG Carriers, Takes Delivery of VLAC Newbuild
ADNOC Logistics and Services (ADNOC L&S) has ordered four new liquefied natural gas (LNG) carriers from China’s Jiangnan Shipyard for about $900 million, expanding its LNG newbuild program to 18 vessels, while also taking delivery of the first of four very large ammonia carrier (VLAC) newbuilds.The four ships will each have a capacity of 175,000 cubic meters and are scheduled for delivery in 2029.
Fincantieri Partners with Croatian Shipyards for MRC Corvettes Program
Italian shipbuilder Fincantieri has signed two memoranda of understanding with Croatian shipbuilding companies Brodotrogir Cruise and Iskra Shipyard in support of its participation in Croatia’s naval acquisition program for two Multi Role Corvettes.The agreements provide a framework for exploring cooperation in the design, engineering and construction of naval vessels in support of Fincantieri’s proposal…
Kongsberg Maritime, KOTUG Pen Extended Tug Thruster Deal
Kongsberg Maritime has signed an extended thruster coverage agreement with KOTUG International to provide long-term propulsion service support for five newbuild azimuth stern drive tugs being deployed for offshore terminal operations in West Africa.The five vessels share a common configuration and will be treated as a single fleet under the agreement. Each tug is equipped with two Kongsberg Maritime…
PD Ports Names New CEO
UK port and logistics business PD Ports has appointed current chief operating officer (COO) Paul Foreman as chief executive officer (CEO), succeeding Frans Calje who will step down from the position.Foreman was appointed following a competitive recruitment process, and will take up the new position from September 1, while Calje is set to step down after almost 10 years as CEO and more than 18 years with the company.The leadership change comes as PD Ports plans to accelerate growth…
Marco Polo, Siemens Gamesa Ink Two-CSOV Framework Agreement
Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs) for offshore wind projects in Asia.Under the non-exclusive agreement, PKR Offshore will provide two upcoming CSOVs to support Siemens Gamesa across multiple offshore wind projects in Taiwan.
LNG Tankers Resume Hormuz Crossings Amid Tensions
More liquefied natural gas tankers have resumed transiting the Strait of Hormuz in recent days, ship-tracking data showed, and 22 Japan-linked vessels have left the Gulf since Tuesday, Tokyo said, despite renewed fighting in the Middle East.The Strait of Hormuz, a key route for global oil and LNG shipments, has been closely watched by shipping companies and governments following Iranian attacks this week on commercial vessels and U.S.
Stolt-Nielsen Limited Shares Q2, H1 2026 Results
Stolt-Nielsen Limited reported unaudited results for the second quarter ending May 31, 2026. The company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net profit of $75.2 million with revenue of $712.9 million in the second quarter of 2025. The net profit for the first half of 2026 was $99.2 million with revenue of $1,467.1 million, compared with a net profit of $226.6 million with revenue of $1…
UAV Navigation-Grupo Oesía Releases New Version of VECTOR Autopilot Software
UAV Navigation-Grupo Oesía, a Spanish company that specializes in guidance, navigation, and control solutions for unmanned vehicles, announced the release of software version 9.2, introducing enhanced interoperability, modularity, and multi-domain operational capabilities.Version 9.2 further strengthens coordinated multi-domain UxV operations, enabling interaction between aerial and maritime platforms.
Turkey, Iraq Extend Oil Pipeline Agreement
Turkey and Iraq are set to sign, within days, a one-year agreement to keep open the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayraktar said on Thursday.Their decades-old pipeline agreement, which governs exports through the pipeline, is due to expire on July 27."We have brought the agreement that will cover the next 12 months to the final stage. We aim to sign it in the coming days…
Maersk Resumes Suez Canal Route From Middle East to US
Maersk, one of the world's biggest container shipping groups, said on Thursday it would resume its Middle East-to-U.S. East Coast service through the Suez Canal, as the Danish group takes another step toward restoring routes through the Red Sea.Most shipping companies abandoned the Asia-Europe trade corridor through the Suez Canal after attacks in the Red Sea by Yemen's Houthis, forcing vessels to take the much longer route around Africa's Cape of Good Hope.
Oil Prices Lower Ahead of Possible US-Iran Peace
Oil prices eased on Thursday after earlier gains as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully reopen the Strait of Hormuz.Brent crude futures were down 11 cents, or 0.1%, to $77.91 a barrel at 1322 GMT. U.S. West Texas Intermediate crude futures dropped 38 cents, or 0.5%, to $73.14 a barrel.Brent and WTI crude futures hit their highest levels since June 22 on Wednesday.Still…
US Natural Gas Prices Drop to Six Week Low
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.Front-month gas futures for August delivery on the New York Mercantile Exchange fell 13.9 cents…
Steerprop Receives Propulsor Order for Third Med Marine Tugboat
Finnish marine propulsion company Steerprop remains as a supplier for a series of tugboats being built by Turkish shipyard group Med Marine, securing a repeat order for two Steerprop SP 175 T propulsors for the third vessel in the series.The contract follows a similar scope of delivery for the first two vessels, which entered service in 2024 and were the first to deploy Steerprop’s T-series propulsors tailored for the tugboat market.
Tanker Vessel Contracting Hits Record High
“So far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). This already makes 2026 the year with the highest crude tanker contracting on record. High freight rates and the need to replace an increasingly older fleet have both encouraged contracting,” says Filipe Gouveia, Shipping…
Concordia Damen to Build Two River Cruise Vessels for TUI River Cruise
Dutch shipyard Concordia Damen announced it has received a contract from TUI River Cruise for two CDS River Cruise 135 vessels. These cruisers are of in-house design and have been tailored to TUl's needs.TUI River Cruises' fleet is currently expanding from six to 10 ships, which will operate across Europe, the Rhine, Nile and the Douro. The two river cruisers that Concordia is constructing are designed for the UK market.These two newbuilds are constructed with methanol as a future fuel in mind.
HDI Global US Restructures Underwriting Leadership
As part of its repositioning in the United States under the Xcelerate29 strategy, HDI Global (HDI) has appointed Bevan Greibesland as Chief Underwriting Officer, Specialty Lines, and Bruce Griffin as Chief Underwriting Officer, Long Tail Lines. The appointments follow the recently announced leadership and organizational changes at HDI Global US. As HDI Global continues to grow its US business, both…
cruisePAL Restructures Senior Leadership Team
cruisePAL announced a restructuring of its senior leadership team. Effective immediately, Sankar Ragavan transitions from President & CEO to serve as President of cruisePAL, focusing on group-level strategy, investor relations, and the long-term vision of the platform. Jimmy Lopez, Chief Executive Officer (CEO), will take full ownership of cruisePAL's executive leadership and day-to-day business direction.
Saitec Tests Nature Inclusive Design Installations at Floating Wind Platform
Saitec Offshore Technologies, through DemoSATH Lab, is using its operating floating wind demonstrator as a real-scale testing ground to study environmental interactions, improve monitoring methods, and explore solutions that support coexistence with marine biodiversity.Following the successful deployment of biomimetic reef solutions on the submerged section of the platform, the company is now testing…
