Silk Searoad Appoints V. for Bulk, Tanker Fleet Management
V., the global ship manager and marine services provider, has announced a new partnership with Greek shipowner Silk Searoad Maritime S.A for the technical management of their bulk and tanker fleet of eight vessels. Through the partnership, Silk Searoad will benefit from access to V.’s integrated marine services, global scale, expertise and data-driven platforms.V. will oversee the long-term management and performance of Silk Searoad’s fleet…
Freire Signs Deal with Sweden’s FMV for Four Naval Support Vessels
Spanish shipbuilder C.N.P. Freire has signed a contract with the Swedish Defence Materiel Administration (FMV) to construct four naval support vessels.The 47-meter vessels will be designed for naval support missions and built to operate in harsh weather and ice conditions. Each ship will accommodate 16 crew members, reach speeds of up to 12 knots and have an endurance of up to 10 days.The vessels will be equipped with two main cranes on the main deck and an auxiliary crane for supplies…
Mitsubishi Delivers First Ammonia Fuel Supply Systems for Marine Use
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has shipped the first ammonia fuel supply system (AFSS) and ammonia gas abatement system (AGAS) for Japan Engine Corporation.The systems are designed for J-ENG’s first ammonia-fueled marine engine model 7UEC50LSJA-HPSCR and represent the first units produced by Mitsubishi Shipbuilding. Commissioning work for the systems will…
Nam Cheong Hooks $64.5M Deal to Build Four OSVs
Malaysia-based offshore support vessel (OSV) builder Nam Cheong has secured shipbuilding contracts worth $64.5 million from a UAE-based global energy maritime logistics company for the construction of four offshore support vessels, marking its first newbuild contract win in over a decade.The order comprises two dive support vessels (DSVs) and two 60-meter remote operated landing crafts (ROLC), with deliveries scheduled between the second half of 2027 and early 2028.
NorthStandard Partners Signol to Support Crew-Led Decarbonization
Marine insurer NorthStandard has entered a two-year partnership with behavior change specialist Signol to offer members discounted access to a crew-focused decarbonization service aimed at reducing fuel consumption and emissions.Under the agreement, Signol will cover onboarding costs and provide preferential rates on its monthly software-as-a-service subscription.NorthStandard said it recognizes the…
Kongsberg Discovery Expands Multibeam Echosounder Portfolio
Kongsberg Discovery has launched two new variants of its EM2042 multibeam echosounder, extending high-resolution seabed mapping capabilities to deep-rated subsea vehicles and naval operations.The new EM2042 DR600 and EM2042 BNS build on the existing EM2042 platform and its next-generation acoustic architecture, targeting deepwater unmanned platforms and defense environments, respectively.The EM2042 DR600 is engineered for underwater vehicles including autonomous underwater vehicles (AUVs)…
SDHI to Complete Five Offshore Support Vessels for San Maritime
Swan Defence and Heavy Industries Limited (SDHI) has announced it will complete five offshore support vessels (OSVs) for Kakinada-based San Maritime India, marking a further step in the revival of the Pipavav shipyard.San Maritime has begun docking the vessels at SDHI’s yard in Pipavav for completion under IR Class, after which the ships are expected to serve offshore industry demand.The hulls were…
All American Marine to Build Second Glacier and Wildlife Tour Vessel
All American Marine (AAM) is currently constructing a sister ship to the Chugach Express for Phillips Cruises & Tours.Building on the proven performance of the Chugach Express, the new high-speed, long-range eco-tour vessel will operate daily in Prince William Sound and be homeported in Whittier, Alaska. Developed by Nic de Waal of Teknicraft Design, this 84.5’ x 30.7’ aluminum passenger vessel features…
Australia Intercepts Two Illegal Fishing Boats
The Australian Border Force (ABF) has acted under Operation BROADSTAFF, intercepting two foreign fishing vessels in the vicinity of Albany Islands, Queensland on February 20.During intelligence led patrols of the region, ABF officers from Maritime Border Command (MBC), working with partner agencies, intercepted two suspected illegal foreign fishing vessels near Cape York.Officers identified 510kg of salt and fishing equipment on board the vessels.
A Welcome Change for the Ship Recycling Industry
International market turmoil from the direct / indirect imposition of global tariffs and related actions saw a crazy Week 8 wind up in 2026, as freight rates and oil prices both moved up and subsequently down, reports cash buyer GMS.As oil rose above USD 63/barrel from last week to well over USD 66/barrel this week, it retreated back down to USD 65.93/barrel by week’s end, amid investors and forecasters…
EU Extends Mandate of Operation ASPIDES
The EU Council has extended the European Union’s maritime security operation to safeguard freedom of navigation in relation to the Red Sea crisis (EUNAVFOR ASPIDES) until 28 February 2027, following the strategic review of the operation.The Council agreed to provide nearly €15 million ($18 million) to cover the costs of the operation which contributes to safeguarding freedom of navigation in the Red…
BMT Opens Digital Simulation Centre in Fareham
BMT has poened its Digital Innovation & Simulation Centre (DISC) at the organisation’s Fareham site in the UK - a facility designed to provide a premium environment for high‑value simulation, immersive engineering and commercially focused engagement.The facility is powered by the BMT REMBRANDT navigation simulator - a DNV‑accredited system used globally for port feasibility, pilotage training and quantitative…
BOEM Proposes Regulation Revision to Support Mineral Exploration
The Bureau of Ocean Energy Management announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental Shelf aiming to advance exploration and development of critical minerals essential to national security, economic competitiveness and technological progress.These proposed updates align with Executive Orders 14285 and 14154, which prioritize unleashing America’s potential to explore and develop OCS critical mineral resources.
CK Hutchison Concessions Annulled for Two Ports Along the Panama Canal
Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC) was…
US Diesel Exports Hit High as Europe Strengthens Sanctions Against Russian Oil
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions, aimed at punishing Russia over its invasion of Ukraine, are reshaping markets, allowing U.S. producers to capture premium markets in Europe while forcing Russia to seek customers much farther from home.Notably…
TKMS CEO Calls for Defense Industry Consolidation
The chief executive of German warship builder TKMS has called for consolidation within the defence industry in a speech published on Monday ahead of the company's annual general meeting."If defence capabilities are to be established more quickly, standardisation, industrial consolidation and speed are required," CEO Oliver Burkhard said in a transcript of the speech due to be held during the AGM on Feb.
Organizations Release Joint Support Statement on Maritime Labour Convention 20th Anniversary
On behalf of the International Labour Organization, the International Chamber of Shipping, and International Transport Workers’ Federation:On the 20th anniversary of the Maritime Labour Convention, 2006, we jointly reaffirm our commitment to the principles and protections it embodies and recognize the profound impact it has had on seafarers and on global shipping.The MLC consolidated and modernized around seventy maritime labor instruments into a single, comprehensive international framework.
The Swedish Club Reports 99% Retention, Increased Tonnage at 2026 Renewal
The Swedish Club (TSC) has concluded its 2026 P&I renewal with a 99% retention rate.Over the past 12 months, The Swedish Club has attracted new entered tonnage with an increase of nearly 8%, driven by a combination of solid organic development within the existing membership and selective new business transferring to the Club. In addition, the Club has secured a strong level of commitment through tonnage…
DetentionTrackr Debuts AI-Powered Port State Control Intelligence Tool
DetentionTrackr has launched a new artificial intelligence (AI)-powered maritime intelligence platform designed to centralize global Port State Control (PSC) detention data into real-time operational insight.The DetentionTrackr platform aggregates live detention data from global ports and converts fragmented enforcement records into structured intelligence aimed at improving efficiency and decision-making across the maritime industry.In February alone…
Fincantieri Launches First Next-Gen Offshore Patrol Vessel for Italian Navy
Fincantieri has launched the first next-generation Offshore Patrol Vessel (OPV) for the Italian Navy at its Riva Trigoso shipyard, marking a milestone in a four-ship program led by Orizzonte Sistemi Navali, a joint venture between Fincantieri and Leonardo.The vessel, named Ugolino Vivaldi, is the first of four units being built under a program assigned to Orizzonte Sistemi Navali — owned 51% by Fincantieri and 49% by Leonardo — by the Naval Armaments Directorate…
