Shipbuilding News

GTT announces that it has received, in the first quarter of 2026, an order from the shipyard Hudong-Zhonghua for the tank design of four new Liquefied Natural Gas Carriers (LNGCs) on behalf of a European ship-owner.GTT will design the vessels’ membrane containment systems, each offering a total capacity of 174,000 m³.

The U.S.-Israeli war on Iran has threatened Gulf ports and disrupted global trade through the Strait of Hormuz, a vital waterway through which roughly a fifth of the world's oil and liquefied natural gas normally passes. Iran's Revolutionary Guards have warned that any ship passing through the narrow Strait will be targeted.Below is a list of reported attacks since the U.S.-Israeli war on Iran started on February 28:MARCH 1A crew member was killed on board Marshall Islands-flagged crude tanker MKD VYOM after it was hit by a projectile as the vessel sailed off the Omani coast…

Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd., and NYK Bulkship (Asia) Pte. Ltd. have entered into a memorandum of understanding (MoU) to jointly conduct a Front-End Engineering Design (FEED) study and explore the ownership of a Newbuild Ammonia Bunkering Vessel (“N-ABV”) for application in Singapore. This collaboration underscores the parties’ shared commitment to enabling the development of a robust ammonia supply chain in Singapore, supporting its emerging role as a global…

The U.S. Navy and GSA have awarded Gecko Robotics a five-year IDIQ contract with a $71 million ceiling to deploy artificial intelligence and robotics to assess and maintain the health of military assets. Gecko will start work with 18 ships in the U.S. Pacific Fleet with the initial award worth up to $54m over a five-year period. Customers in all services will have access to this government-wide vehicle.The Chief of Naval Operations has set a target of 80% fleet readiness, which Gecko will have a crucial role in helping to meet.

Caledonian Maritime Assets Limited (CMAL) has named Guangzhou Shipyard International Co., Ltd (GSI) as the preferred bidder to build two new freight flex ferries for Scotland’s Northern Isles service, marking a key step forward in the procurement process.The contract, which remains subject to a mandatory 10-day standstill period, covers the construction of two 140-meter vessels that will replace the Helliar and Hildasay on the Aberdeen to Kirkwall/Lerwick route operated by Serco NorthLink Ferries.Designed to boost both capacity and performance…

Anschütz cleared a key milestone on the Royal Australian Navy’s Hunter-class frigate program, successfully completing the Critical Design Review (CDR) for its Warship Integrated Navigation and Bridge Systems (WINBS).The CDR confirms that the system design meets all technical and operational requirements, allowing the program to move into the production and integration phase. For a mission-critical system like WINBS, the milestone provides assurance that the navigation and bridge…

San Diego State University announced a partnership with Samsung Heavy Industries (SHI), a global leader in shipbuilding and offshore engineering, during a memorandum of understanding signing ceremony held on the university’s campus March 12.The collaboration leverages innovative research and workforce development from SDSU’s Department of Mechanical Engineering, San Diego’s active ports and shipyards, and SHI’s innovative maritime technologies.Together, the South Korean company…

As oil started to climb, freight followed suit, continuing to feed the already rising global inflation picture, while the U.S. Dollar wore the crown jewel of the week, rising notably against all of the major international ship recycling markets, says cash buyer GMS. At the same time, local steel plate prices saw another volatile week across several recycling destinations as currency fluctuations and domestic demand influenced pricing levels across the Subcontinent.“Behind the broader market volatility lies a challenging reality: assets under pressure…

Germany’s maritime sector is poised for significant growth, but industry leaders warn that clearer political priorities and stronger policy support are needed to fully capitalize on the opportunity.That was the message delivered jointly by the German Shipbuilding and Ocean Industries Association (VSM) and IG Metall Küste during a press conference in Hamburg on March 16, where both groups called for a decisive national action plan to support shipbuilding and marine technology.“Shipbuilding…

The Orlen Group is expanding its capacity to transport LNG with the naming ceremony for two 174,000 cubic meter LNG carriers from Hanwha Ocean shipyard. The vessels will enhance the stability and flexibility of gas deliveries to Poland and strengthen the region’s energy security. Each new ship can deliver enough gas in a single voyage to supply as many as two million households.“Orlen is investing continuously in the energy security and independence of both Poland and the wider region.

Maersk Offshore Wind has officially christened its new Seatrium-built wind turbine installation vessel (WTIV) Maersk Viridis, marking the entry of the first vessel in the company’s new offshore wind installation fleet.The naming ceremony was held on board the vessel, where its godmother, Charlotte Nørkjær Larsen, formally named the ship by smashing a bottle of champagne against the main crane pedestal.Delivered by Seatrium, the 40,000-tonne vessel was recently delivered following sea trials and final readiness evaluations.

Mitsubishi Shipbuilding has delivered the Wakashio Maru, a training ship for National Institute of Technology, Toyama College in Japan.This is the first replacement ship for the school since 1995 and the first ship Mitsubishi Shipbuilding has built for the school. The 56-meter vessel can accommodate 60 people.The ship will be utilized for navigation practice, operations, and ocean-related research, along with various other educational and community contribution activities to develop marine sector human resources…

NYK Group has reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco.Saga Welco, a Norwegian shipping operator specializing in transporting cargo via open-hatch vessels, is currently jointly owned by NHE and the Westfal-Larsen Group, with each party holding a 50% stake. The transaction is expected to be finalized within 2026, subject to regulatory approvals in various jurisdictions.Saga Welco operates a fleet of 48 open-hatch vessels and offers worldwide semi-liner services originating principally from the east coast of South America.

Damen Shipyards Group has signed a memorandum of understanding (MoU) with FN Herstal, laying the foundation for a strategic industrial participation in maritime defense.The two parties aim to collaborate closely on the integration of FN solutions with Damen vessels, and the development of the regional, European and NATO defense eco-systems.The agreement provides for close collaboration in innovation and engineering, including the joint exploration of advanced maritime solutions…

GTT has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of a new liquefied natural gas carrier.The vessel will be built by the shipyard HD Hyundai Samho on behalf of the shipowner Sonangol. The vessel’s cryogenic tanks, with a total capacity of 174,000 m³, will be fitted with GTT’s Mark III Flex membrane containment system.Delivery of the vessel is scheduled for the second quarter of 2028.

HII has announced that all five collective bargaining units at its Ingalls Shipbuilding division have ratified new collective bargaining agreements, securing an immediate 18 percent or higher base wage increase for union-represented shipbuilders.This is the largest single wage increase in Ingalls Shipbuilding history and will extend the contract through March 8, 2031.The Ingalls Shipbuilding Collective Bargaining Agreement, for union-represented shipbuilders, provides historic wage growth of 35 to 47 percent through 2031.

The Grimaldi Group has taken delivery of the new PCTC Grande Seoul.Built by Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company (CSTC) – both part of China State Shipbuilding Corporation (CSSC) – the vessel is the Italian group’s ninth ammonia-ready unit.With a length of 200 meters, a beam of 38 meters, and a gross tonnage of approximately 77,500 tonnes, the Grande Seoul has been designed for the efficient transport of vehicles (cars, SUVs, vans, etc.), both electric and powered by traditional fuels, as well as any other type of rolling cargo.

The International Labor Organization (ILO) launched a pilot Employment Injury Scheme (EIS) in collaboration with BIMCO to strengthen the protection and rights of workers at ship recycling yards in Bangladesh, the world’s biggest ship recycling nation.The scheme works as a social insurance where the risk is pooled and shared by the industry. By paying into the EIS, sellers of end-of-life ships can help ensure that workers and their families receive adequate and timely compensation, in line with international labour standards, in case of permanent injury or death.

Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In 2025, global average container freight rates fell an estimated 13% year-on-year while US import tariff increases raised concerns about increasing trade protectionism. Despite this, global container volumes grew 4.7% year-on-year…

Bernhard Schulte Offshore (BSO) has taken delivery of a new commissioning service operation vessel (CSOV). The Windea Carnot, which was built at Ulstein Verft in Norway on behalf of an institutional investor, was handed over to its new owner, BSO, following completion.The Windea Carnot is the third of three sister ships built at Ulstein that BSO has integrated into its modern offshore fleet since the middle of last year. BSO now operates six specialized vessels serving the global offshore energy industry.“The offshore market offers promising prospects.

Scandlines has put its new ferry, The Baltic Whale, into service on the Rødby-Puttgarden route from Denmark to Germany.The ferry marks an important step towards the company’s long-term goal of sailing without direct emissions by 2040 and strengthening capacity for freight customers. The Baltic Whale is among the world’s largest ferries that can operate solely on shore-based electricity.The Baltic Whale has one of the world's largest battery systems on board a ferry and can operate without direct emissions during normal operation.

Cool Carriers, the world’s largest operator of specialized reefer vessels, is set to operate seven new Type Reefer Carriers from Kitanihon Shipbuilding in Japan, and took delivery of the first vessel, Snow Flower, on 4 March.Each vessel is designed to safely carry 5,000 high-cube pallets of perishable fruit, along with up to 168 reefer containers, at a service speed of 18 knots. Two vessels have capacities of over 630,000 cubic feet, while five have capacities of 660,000 cubic feet.All vessels will share the same specifications and form a new series…

India’s decision to introduce additional documentation checks before end-of-life vessels are cleared could prevent the practice of fake documents among the dark fleet, says leading vessel cash buyer Wirana Shipping Corporation.The recent decision taken by the Directorate General of Maritime Administration (DGMA) to introduce an additional process of documentation checks will act as a deterrent to ships being sent for recycling with fake documents, says Wirana Shipping, the world’s…

PPG has completed its 200th vessel dry docking using electrostatic application of marine fouling control coatings, nearly three years after introducing the technique to the global shipping market.The project was completed on the Stena Britannica, a passenger and roll-on/roll-off cargo vessel operated by Stena Line, one of the world’s largest ferry companies, at the EDR Antwerp shipyard in Belgium. The team applied PPG SIGMAGLIDE® 2390 fouling release coating, a silicone-based…

FRS Clipper has launched Emerald Clipper, a new whale watching catamaran in Seattle.The 103-foot catamaran features two expansive, wind-protected viewing decks, floor-to-ceiling windows.Designed by One2Three Naval Architects in Sydney, Australia, and built by Mavrik Marine, Inc. in La Conner, Washington, the vessel combines advanced design with passenger comfort and efficiency.The vessel has capacity for 150 passengers and 3-4 attendants for service. Its waterjet propulsion system…

Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the governments of both countries.TKMS is one of two companies shortlisted by Canada to supply up to twelve modern submarines. Its competitor is Hanwha Ocean 042660.KS from South Korea.A decision is expected in the middle of the year.TKMS has…

Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea vessel platform adapted to support large-scale trenching operations.Subsea trenching involves creating protective channels on the seabed to bury pipelines, power cables and telecommunications lines.The vessel design will feature a modular configuration allowing it to support activities across several offshore sectors…

ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels, scheduled for delivery in 2028 and 2029, will support submarine cable maintenance operations across the Atlantic and Indian oceans as well as the Mediterranean, Black and Red seas. Orange Marine is a wholly owned subsidiary of the Orange Group and specializes in the installation and maintenance of subsea telecommunications cables.Under the agreement…

N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel is underway following a keel-laying ceremony held in the final week of February. Delivery of the vessel is scheduled for April 2027.The vessel will measure about 69.85 meters in length with a beam of 15.77 meters and a draught of 4.5 meters.

Tsuneishi Yura Dockyard has completed the prescribed technical training and consequently obtained an Approved Repair Yard license from GTT.GTT’s membrane containment systems currently equip approximately 85% of the LNG carrier fleet in operation worldwide.To date, Tsuneishi has focused on repair work for MOSS-type LNG carriers, accumulating a total of 108 completed vessels since the first one in 1982. “We will continue to develop our capabilities to enable repair and maintenance of both MOSS-type and membrane-type LNG carriers…

The U.S. Coast Guard authenticated the keels for future Coast Guard cutters Allen Thiele, Fred Permenter and Samuel Wilson on Friday in Bayou La Batre, Alabama.The cutters are the first three of 30 future Waterways Commerce Cutters (WCCs) that will replace the Coast Guard’s legacy inland tender fleet. The WCC fleet will play a critical role in controlling, securing, and defending America’s ports and waterways and maintaining the United States’ 12,000-mile marine transportation system.

Germany-based gearbox manufacturer REINTJES is expanding its global after-sales capabilities with the establishment of a dedicated spare parts warehouse at its headquarters in Hameln, Germany, a move aimed at strengthening service support for its international customer base.The long-established company, known for supplying high-performance marine and industrial gearboxes, designs and manufactures its products in Hameln before shipping them to shipowners, operators and industrial clients around the world.

ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.”Under the agreement, HD KSOE and HD HSHI will develop the basic design, electrical component specifications and arrangement plans for a nuclear-powered electric propulsion system tailored for container ships. The agreement forms a framework to assess the technical…

SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past several years reshaping its business model and sharpening its strategic focus, the results signal both operational momentum and growing scale in the global tug market.The Chile-based maritime services provider reported net income of $80.4 million for 2025, while EBITDA reached $216.9 million, representing a 15% increase compared to the previous year.

Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s engineering and project execution expertise with Zamakona’s shipyard infrastructure and marine services capabilities. Operations at the Las Palmas facility have already begun.The shipyard is designed to support rig owners, offshore operators and special vessel clients by providing integrated services covering upgrades…

Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support vessel market.The vessels are scheduled for delivery in 2027. MOL has also decided to invest in Germany-based offshore vessel developer and operator Deutsche Offshore Schifffahrt (DOS), which will operate the ships.The move expands MOL’s offshore wind vessel business beyond Asia…

AYK Energy has secured a contract to supply the largest battery ever installed on an ice class vessel for Germany’s next generation polar research ship Polarstern.The partnership for the new diesel-electric vessel currently under development for the Alfred Wegener Institute has been signed directly with Wärtsilä.The AYK Energy Pisces+ battery system, with a capacity of 16 megawatt-hours (MWh) and weighing 131 tonnes, will be delivered in 2028. The vessel itself is due to enter…

Seatrium has been awarded a contract by Karpowership for the conversion of a new floating storage regasification unit (FSRU).Scheduled to commence in the third quarter of 2026, the LNG carrier Karadeniz will be converted to a high-capacity FSRU engineered to deliver a regasification capacity of up to 600 million standard cubic feet per day (mmscfd).This latest completion brings Seatrium’s FSRU conversion track record to 23 FSRU and FSU conversion projects delivered.Alvin Gan, Executive Vice President…

GMS, the world’s largest buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling facilities for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR).Despite more than 110 Indian yards holding Hong Kong Convention (HKC) Statements of Compliance issued by IACS member classification societies, over 35 formal applications submitted, and at least 10 Commission-led inspections and audits, not a single Indian yard has been approved in more than a decade.“This is not a failure of standards.

DHT Holdings has taken delivery of the second VLCC newbuilding from Hanwha Ocean.The vessel is named DHT Addax and is entering the spot market.It is the second in a series of four VLCC newbuildings to be delivered to the company during the first half of 2026.The newbuildings are fully funded and will increase the company’s customer offerings and earnings power.The next newbuilding is scheduled for delivery in late March 2026.

Burger Boat Company announced the passing of longtime Burger Naval Architect Don O’Keeffe, whose influence on the company’s engineering excellence and yacht design legacy spanned decades. O’Keefe passed away at his home in Manitowoc, Wisconsin this week at the age of 90.O’Keeffe was widely respected for his exceptional technical expertise, quiet leadership, and unwavering commitment to sound naval architecture. His work helped shape many of Burger’s most enduring and admired yachts…

Deutsche Offshore Schifffahrt (DO) has started construction of a new fleet of construction commissioning service operation vessels (C-CSOVs), with the first steel cut for the lead vessel DO Joule at CSSC Huangpu Wenchong Shipyard in Guangzhou, China.The vessel is the first in a series of four ships ordered by Schoeller Holdings, with all vessels to be built to identical specifications.Columbia Shipmanagement will provide technical management of the vessels, while DO will act as developer…

In the February issue of Maritime Reporter magazine Nirav Patel, Nuclear Navy Segment Director at Fairbanks Morse Defense, takes a look at the cobots (cooperative robots) that are being used for welding in the ship repair industry.He explains: “As a long-time principal supplier of propulsion systems for the U.S. nuclear navy, FMD is responsible for sustainment of a fleet of diesel engines that provide emergency backup power to onboard nuclear reactors. These 30–35-year-old engines pose a unique welding challenge.

Fincantieri delivered the cruise ship Norwegian Luna to Norwegian Cruise Line during a ceremony at the builder’s Marghera shipyard in Italy, marking the second vessel in the expanded Prima Plus class.The 156,000-gt ship follows sister vessel Norwegian Aqua, delivered in 2025, and represents an evolution of the original Prima-class ships Norwegian Prima and Norwegian Viva, which were also built by Fincantieri. At approximately 321 meters in length with capacity for about 3,550 passengers…

Ingalls Shipbuilding division authenticated the keel  for the future USS Philadelphia (LPD 32), a Flight II San Antonio-class amphibious transport dock ship.The ceremony included ship sponsor Maureen Paparo, a Philadelphia native, who was joined by her spouse, Adm. Samuel Paparo, commander U.S. Indo-Pacific Command. Also, attending the ceremony was Chris Kastner, HII’s president and CEO, Brian Blanchette, Ingalls Shipbuilding president and key U.S. Navy officials.As part of the ceremony…

Strategic Marine has delivered the first two Supa Swath crew transfer vessels (CTVs) to Mainprize Offshore, marking the initial handover under a multi-vessel contract signed at in June 2024.The deliveries represent the first two vessels in a program covering six Supa Swath vessels, with options for a further six units. The contract supports Mainprize Offshore’s fleet expansion for offshore renewables operations across Europe.The program follows an earlier collaboration in 2024…

On Friday, 20 February, Austal Defence Australia and Damen Shipyards Group signed a contract supporting the local construction of Landing Ship Transport (LST) 100 vessels for the Australian Defence Force. Under the agreement, Damen will provide the design and associated licences, enabling Austal to build the vessels at its Henderson shipyard in Western Australia.The signing ceremony took place at the Australian Marine Complex Common User Facility (AMC CUF) in Henderson and was…

Fincantieri announces the acquisition of an order from Viking for the construction of two expedition vessels. In addition, the two companies also signed an agreement for an option for two ocean ships, marking a new milestone in the collaboration between the two companies. The value of these agreements, subject to financing and other typical terms and conditions, is considered very important[1].The two expedition vessels, scheduled for delivery in 2030 and 2031, will be sister ships to “Viking Octantis” and “Viking Polaris…

The Scottish Government has announced its intention to award Ferguson Marine the contracts to build four vessels. This decision provides a guaranteed five-year pipeline of work.The package of vessels as part of the proposed award includes the design and build of a new class of Marine Protection Vessel (MPV) and Marine Research Vessel (MRV) for Marine Scotland to replace MPV ‘Minna’ and MRV ‘Scotia,' originally built by Ferguson Marine and currently nearing the end of their service lives.

OEG has expanded its offshore wind vessel fleet with the delivery of Fulmar, a new multi-purpose crew transfer vessel (CTV), following successful sea trials.The vessel will operate in U.K. waters and has secured its first charter in Scotland, supporting offshore construction work at the Inch Cape Offshore Wind Farm. The project was awarded to OEG earlier last year and is supported by the company’s specialists based in Edinburgh.Fulmar can accommodate up to 24 personnel for high-speed transfers and can be configured for extended offshore trips.

The chaos in the Middle East is leaving regional and international markets bracing for the inevitable whirlpool of global insanity that is about to suck the entire world into short-term (at the very least) tumult, reports cash buyer GMS.Oil was already on its way up during the week, but as the weekend came around, it spiked over 10%, jumping from around USD 63/barrel last week to nearly USD 71.90/barrel (at the time of writing). The Baltic Exchange was also on its way up (rising 1.1%) but remained comparatively subdued in comparison to oil futures…yet.The Cape…

The European Commission adopted the 15th edition of the European List of Ship Recycling Facilities which includes the first shipyard approved in Germany, located in Emden.The list renews the inclusion of four EU shipyards in Denmark, Estonia, Lithuania and Spain. Another in Türkiye has also been renewed.Three shipyards have been removed from the list, including a Finnish shipyard that chose not to renew its authorisation, and one in Northern Ireland that failed to provide the necessary information for renewal.

Seaspan has introduced Dockboy, its new remote-controlled, ultra-high pressure (UHP) cleaning tool.Dockboy provides high-efficiency hull cleaning that removes ocean build up like barnacles, anti-fouling paint, and coatings off in one go, leaving a consistently paint-ready surface.Dockboy will be a key tool for large ship maintenance projects at Vancouver Drydock and Victoria Shipyards. Fully containerized, the tool will travel between the two shipyards so both yards can utilize its high efficiency cleaning.While crawlers have some ergonomic and efficiency advantages over blasting…

Damen Shipyards Group has delivered a Multi Cat (MuC) 3113 to Leask Marine. The vessel was named C-Trojan in a handover ceremony at Damen Shipyards Hardinxveld’s location in the Netherlands. The MuC 3113 is a versatile vessel, purpose-built for Leask Marine’s requirements. The company’s fleet includes a Damen MuC 2712, named C-Force. Thanks to its stock building program, Damen delivered this vessel in six weeks following the signing of contract back in 2021. On this occasion, Damen was able to use a proven stock hull to construct a custom vessel.Among other things…

Singapore-based Seatrium has delivered a next-generation wind turbine installation vessel (WTIV) to Maersk Offshore Wind, following the completion of sea trials and final readiness evaluations.The custom-engineered vessel is designed to install 15+ MW-class offshore wind turbines and is equipped with a 1,900-tonne main crane featuring a 180-metre hook height.The construction program included heavy-lift operations, full system integration and validation by international classification…

The U.S. Coast Guard has accepted delivery of the 62nd Fast Response Cutter, USCGC Vincent Danz (WPC 1162), in Key West.Danz was serving in the New York City Police Department, Emergency Services Unit, ESU Truck 3, when he responded to the World Trade Center as part of a massive emergency response and was killed when the World Trade Center collapsed. He was posthumously awarded the New York City Police Department’s Medal of Honor for his heroic deeds. His actions that day embodied the Coast Guard's core values of honor…

Low ship recycling activity could undermine tanker market strength in the coming years, BIMCO said in its February 2026 Tanker Shipping Market Overview & Outlook, even as crude tanker earnings are expected to remain firm in the near term.“We expect continued strong market conditions for crude tankers in 2026 and 2027 despite some weakening in 2027. On the other hand, we forecast that the product tanker market will weaken during both years as fleet and supply growth accelerates…

Italy’s Fincantieri and Spain’s Navantia have signed a memorandum of understanding to jointly coordinate and execute the European Patrol Corvette (EPC) program, strengthening industrial cooperation under one of Europe’s most ambitious defense initiatives.The two shipbuilders plan to create a joint venture to manage and execute the program. The vehicle will be open to participation from other project partners, with incorporation subject to the finalization of transaction documents…

CMB Tech reported fourth-quarter core earnings above market expectations on Thursday as robust tanker and dry-bulk markets allowed the Belgian shipping group to lock in charter contracts and sell older ships at high prices.The tanker group said market conditions remain supportive into early 2026, though a potential crude supply surplus later in the year could pressure oil prices and curb transport demand if producers cut output.Earnings before interest, taxes, depreciation and amortisation came in at $322 million for the quarter ended in December…

Fincantieri has delivered Four Seasons I, the first ultra-luxury cruise yacht built for Marc-Henry Cruise Holdings, a joint owner-operator of Four Seasons Yachts, at its Ancona shipyard.The vessel is described by the Italian shipbuilder as the world’s first intelligent ultra-luxury ship and represents the first Navis Sapiens unit, based on an integrated digital architecture developed by Fincantieri Ingenium, a joint venture between Fincantieri NexTech and Accenture.The system…

Kongsberg Maritime has been selected to supply a fully integrated equipment package for a next-generation ultra-large cable laying (CLV) vessel being built for LS Marine Solution at Tersan Shipyard in Türkiye.The vessel, designed to support growing global demand for subsea high-voltage direct current (HVDC) and optical cable installation, will be 148.4 meters long and 31 meters wide, with a cable carrying capacity of 13,000 tonnes and total displacement of 18,800 tonnes.It is…

Geert Schouten, CEO & owner of Shipbuilder:Why does more than half of all maritime projects run into trouble sooner or later? Documents, folders, version numbers…in our sector we still struggle with them every day. At countless shipyards and design offices, teams stumble over folder structures, endless searches for the right version, and long email chains. Is that real organization? It is organized chaos. And it costs us time, quality, and energy every single day. Did you know…

Kongsberg Maritime announced the signing of a Memorandum of Understanding (MoU) with PT PAL Indonesia, the country’s largest state‑owned shipyard. The signing ceremony took place at PT PAL’s headquarters in Surabaya and was attended by representatives from Kongsberg Maritime, PT PAL, and the Norwegian Ambassador to Indonesia, Rut Krüger Giverin.Kongsberg Maritime is a leading provider of marine technology solutions. Its offerings include marine automation, navigation, propulsion…

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, enabling autonomous loading and unloading operations.

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. All four vessels will be constructed at Nam Cheong’s Miri Yard in Sarawak…

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 acquired by SDHI as part of its acquisition plan for Reliance Naval and Engineering Limited (RNEL) through India’s National Company Law Tribunal (NCLT) process.

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 a semi-displacement catamaran hull.Equipped with a propulsion package comprised of four MJP 350X Waterjets…

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 increasingly weighing the possibility of Trump launching another confounding attack against Iran…

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.

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, part of Italy’s National Armaments Directorate.The launch ceremony was attended by senior representatives from the Italian Navy…

Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at Colombo Dockyard in Sri Lanka.The vessels will be based on the same design as CS Sophie Germain, delivered to Orange Marine in July 2023.The order continues a long-standing collaboration between VARD and Orange Marine that began in 2012, when VARD was selected to design and construct the fiber optic cable laying and repair vessel Pierre de Fermat…

Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MoU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.In parallel, Hanwha Ocean, Ontario Shipyards and Mohawk College have entered into a Letter of Intent (LoI) to establish an embedded shipbuilding training hub at Ontario Shipyards' Hamilton facility, aligned with the sector's long-term workforce requirements.Together…