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Sunday, May 3, 2026

Shipbuilding News

01 May 2026

Gulf Coast Shipbuilding is the Anchor for America’s Maritime Comeback

Design work is under way for Port Alpha, a greenfield “next-generation shipyard”.
Image courtesy Saronic Technologies

The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3, 2026 at LyondellBasell Center for Petrochemical, Energy and Technology in Pasadena, Texas, leaders from industry and academia will examine the strategy, workforce, investment, and partnerships needed to advance America’s maritime comeback.A new era in American shipbuilding is emerging, and the U.S. Gulf Coast stands at its center.

30 Apr 2026

New Order for Zero-emission Passenger Vessel

Copyright Hyke

A new all-electric passenger vessel is set to enter service in western Norway, as newly formed operator Cityboat has placed an order for a zero-emission shuttle from Hyke to support tourism and local transport around Haugesund’s island network.Cityboat — a joint venture between express boat operator Rødne and local tourism firm Viking Adventure — has selected the 15-meter Hyke F-15 Shuttle, with delivery scheduled for late 2026. The vessel will be constructed by Herde Kompositt…

29 Apr 2026

Orca AI, Samsung Heavy Industries Join Forces to Advance Autonomous Vessel Technology

Hyun Joe Kim, Executive Vice President at Samsung Heavy Industries, and Yarden Gross, CEO and Co-founder of Orca AI. © Orca AI

Maritime AI company Orca AI has signed a Memorandum of Understanding (MoU) with Samsung Heavy Industries (SHI), a leading shipbuilder, to jointly accelerate the development, deployment and scaling of next-generation autonomous vessel technologies in real-world operations.The phased collaboration will combine SHI’s autonomous solutions with Orca AI’s AI-powered maritime operations platform, enabling the scaled deployment of AI-assisted navigation, berthing, and speed optimization across both newbuild vessels and existing fleets.As part of the partnership…

29 Apr 2026

Submarine, Shipbuilding Demand Power GD Q1 Growth

A US Navy submarine recently spotted exiting GD Electric Boat in Groton, CT. Copyright Maritime Reporter & Engineering News | MarineLink.com

General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.Operating earnings in the segment climbed even faster, rising 26.4% to $316 million, with operating margin improving…

28 Apr 2026

Hanwha Ocean and Leidos Partner on Naval Shipbuilding

Source: Hanwha Ocean

Hanwha Ocean and Leidos are collaborating to advance next-generation naval ship design, strengthen U.S. shipbuilding capacity, and pursue opportunities across global defense markets.Hanwha Ocean’s shipbuilding, combined with Leidos’ naval design and engineering expertise, is intended to deliver scalable, production-ready solutions aligned with evolving U.S. Navy and allied needs. The companies plan to focus on:• Adapting Hanwha ship designs for full alignment with U.S. Navy standards and requirements• Co-developing next-generation surface combatant concepts for U.S.

28 Apr 2026

Samsung Heavy Industries to Deliver Floating Data Centers in the U.S.

Source: Mousterian

Mousterian Corporation, Inc. (M3), a developer of floating and water-adjacent data center infrastructure, and Samsung Heavy Industries (SHI) have announced a strategic cooperation to jointly develop and deliver institutional-grade floating data center projects worldwide.Under the cooperation, M3 will lead development, site origination, tenant sourcing, and project delivery, while SHI will contribute its engineering, fabrication, and delivery capabilities for floating maritime…

28 Apr 2026

Royal Caribbean Orders Two Icon Class Ships

Source: Royal Caribbean

Royal Caribbean Group has confirmed an order with Meyer Turku for a sixth and seventh Icon Class ship to be delivered in 2029 and 2030, respectively.The order is part of the company's long-term framework agreement with Meyer Turku that secures the Group's access to shipbuilding capacity through 2036 and includes the previously announced Icon 5 order to be delivered in 2028.The collaboration between Royal Caribbean Group and Meyer Turku spans more than three decades, during which the shipyard has built 25 ships for the company.

28 Apr 2026

Electric Container Ship Delivered in China

Source: China Classification Society

China Classification Society (CCS) has classified the Ningyuan Diankun, the world’s largest and China’s first built pure electric high-end intelligent seagoing vessel.Owned by Ningbo Ocean Shipping and built by Jiangxi Shipbuilding, the 740 TEU open-top container ship is 127.8 meters in length, featuring a twin-engine and twin-propeller system with a maximum speed of 11.5 knots.Equipped with 10 containerized batteries as its core power source, it supports both high-voltage shore power charging and rapid battery swapping.

28 Apr 2026

41m Shallow Draft River Vessel Ordered for Paraguay

Image courtesy Concordia Damen

Concordia Damen signed a newbuilding contract with an undisclosed Paraguayan client for a 41-meter Shallow Draft River Pusher, type CDS 4115. Delivery of the vessel is scheduled for 2027.The vessel will be deployed on the Paraguay-Paraná River system to support regional logistics operations. It is the second CDS 4115 to be built and delivered by Concordia Damen for a South American customer. The new vessel, which measures measures 41 x 15.5m, will serve along the 2,695-km Paraguay River.

28 Apr 2026

Wittlin Named CEO of GLO Marine

Image courtesy GLO Marine

GLO Marine appointed Thomas Wittlin as Chief Executive Officer, effective Q2 2026, signaling the start of a structured growth phase in which the company will evolve from a retrofit-led contractor into a production-enabled marine engineering and integration business.Wittlin brings more than 25 years of experience at the intersection of shipyard operations, commercial leadership, and global maritime business development. He spent nearly eleven years as Sales Director at Grand Bahama…

27 Apr 2026

Ship Recycling Prices Hold Steady

Rakesh Khetan courtesy of Wirana

Ship recycling prices across key recycling destinations have remained broadly stable despite weaker conditions in steel markets, cautious buying and pressure on steel prices, Wirana Shipping’s latest market outlook report has shown.Ship recyclers are largely maintaining their prices even as demand for steel remains uneven and buyers remain selective. Prices offered by ship recyclers in India, Bangladesh and Turkey have continued at current levels, while Pakistan has emerged as…

27 Apr 2026

Hanwha Ocean Flags Rising Uncertainty Over Ship Demand

© ID_Anuphon / Adobe Stock

South Korean shipbuilder Hanwha Ocean said in its first-quarter earnings presentation on Monday that uncertainty is rising over demand for commercial vessels due to the ongoing conflict in the Middle East.The market for very large crude carriers (VLCCs) has been hit hard by the Iran war, the company said, as shipping rates have soared with some crude carriers stuck in the Strait of Hormuz.The demand for container vessels is forecast to decline as worries mount over inflation and the slow growth of the global economy amid the war, the company said.In the long term, demand for commercial vessels

27 Apr 2026

LNG Tanker Orders Pick Up Despite Shipping Uncertainty

© moofushi / Adobe Stock

Global orders to build liquefied natural gas carriers (LNGC) are set to rebound this year after a 2025 slump as growing LNG output and vessel fuel efficiency drive demand, industry executives and analysts say.The rise in orders is offsetting concerns that supply disruptions from the U.S.-Iran war may reduce near-term shipping demand and pressure freight rates.Since late last year, shipbuilders in South Korea and China have received more orders, with 35 new LNGC builds contracted in the first quarter…

26 Apr 2026

Saronic to Collaborate with Taiwan on ASVs

Saronic Technologies has entered into a Memorandum of Understanding (MoU) with Taiwan’s National Chung-Shan Institute of Science and Technology (NCSIST) to explore collaboration on advancing AI-enabled maritime capabilities, including autonomous surface vessels (ASVs), to help address evolving security challenges in the maritime domain.NCSIST serves as Taiwan’s leading defense research and development institution and plays a central role in strengthening Taiwan’s defense industrial base.

22 Apr 2026

Korea Enters Icebreaker Construction Market

Source: HD-HHI

HD Hyundai Heavy Industries has signed a contract with the Swedish Maritime Administration to build a dedicated icebreaker — worth $348.9 million — marking the first time a Korean shipyard has won a contract in the global icebreaker market.Korea won on price competitiveness, delivery schedule, and technical capability.Once in service, the vessel will operate in the Baltic Sea — handling icebreaking, fleet navigation support, towing, and ice management.HD Hyundai Heavy Industries…

22 Apr 2026

Anschütz to Deliver Integrated Bridge System for Arkona Refit

Source: Anschütz

The German Federal Waterways and Shipping Administration (WSV) has awarded Anschütz a contract for the refit of the multi-purpose vessel Arkona, bringing the ship’s navigation and bridge systems up to the latest technological standard.Anschütz will supply a complete SYNAPSIS Integrated Bridge System (IBS) which consolidates all relevant navigation information within a unified and consistent user interface. Radar, ECDIS and conning applications will be provided via multifunctional workstations at all navigation positions…

22 Apr 2026

IACS Publishes Recommendation on Onboard Lifting Equipment

Source: IACS

IACS, the membership organization for the world’s leading classification societies, has published a Recommendation to improve safety standards for lifting appliances, in line with SOLAS regulations covering both new and existing lifting appliances.Lifting appliances play a vital role in cargo handling and ship operations, yet their limited structural redundancy has long posed safety risks for crews and vessels. To address these hazards, the IMO has introduced new mandatory requirements for the design…

22 Apr 2026

MOL Secures Approval for Wind-Assisted LCO2 Carrier Design

CG rendering of a LCO2 carrier equipped with three Wind Challenger units (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has obtained an approval in principle (AiP) from classification society ClassNK for a liquefied CO2 (LCO2) carrier design equipped with wind-assisted propulsion systems.The vessel, developed with Samsung Heavy Industries, is designed to transport liquefied CO2 and incorporates three Wind Challenger units, a rigid sail system that uses wind power to assist propulsion.The approval covers a design with a cargo capacity of about 40,000 cubic meters intended…

22 Apr 2026

bound4blue Installs Wind Propulsion System on KCC’s Vessel Newbuild

Klaveness Combination Carriers' (KCC) MV Baltazar (Credit: bound4blue)

Wind propulsion company bound4blue has completed the installation of two suction sails on a newbuild vessel for Klaveness Combination Carriers (KCC).The two 24-metre eSAILs were installed on the MV Baltazar at New Yangzi Shipbuilding in China, with the vessel expected to begin operations in the third quarter of 2026.The project marks the company’s first installation of suction sails manufactured locally in China and is among the early applications of the technology on combination carriers.“This is a landmark project in many respects.

22 Apr 2026

Nam Cheong Sells Two Offshore Support Vessels for $37M

(Credit: Nam Cheong)

Malaysia-based offshore support vessel (OSV) provider Nam Cheong has sold two vessels for $36.7 million, including its first newbuild sale in more than a decade.The transactions include a newly built multi-purpose support vessel (MPSV) and a 120-tonne anchor handling tug supply (AHTS) vessel, which was 16 years old and divested following the completion of its charter contract in the first quarter of 2026.Both vessels were delivered in the second quarter of 2026 to a vessel operator…

21 Apr 2026

USA Shipbuilding Coalition Launches

© Brad Nixon / Adobe Stock

Partners representing both labor and management have launched the USA Shipbuilding Coalition to urge Congress to take action to revitalize the critical American shipbuilding industry, including by passing the bipartisan SHIPS for America Act.This labor-management partnership will work to advance concrete actions to spur investment in and revitalization of America’s shipbuilding capacity, enhance the strength and utilization of domestic supply chains and ensure that the US can build, repair, maintain and man the vessels needed to restore U.S.

21 Apr 2026

Whale Watching Catamaran Ready for Operation in Seattle

Source: FRS Clipper

FRS Clipper has welcomed its new whale watching catamaran Emerald Clipper.The new boat will be Seattle’s only whale watching tour operating from downtown Seattle and will offer two sailings per day during the summer season. The 103-foot catamaran features two expansive, wind-protected viewing decks, floor-to-ceiling windows, and cruising speeds of up to 32 knots. It has capacity for 300 guests.FRS Clipper commissioned the vessel’s owner, CNI Newco, to have the Emerald Clipper built by Mavrik Marine, Inc. in Washington.

21 Apr 2026

Meyer Turku Targets Digital, Green Shift with New Industry Program

(Credit: Meyer Turku)

Finnish shipbuilder Meyer Turku has launched a five-year research and development program aimed at supporting the maritime industry through environmental, digital and geopolitical changes.The MERiON program, co-funded by Business Finland, will run from 2026 to 2030 and focus on developing future-ready cruise ships and floating infrastructure.The initiative builds on the company’s previous NEcOLEAP program and is part of a broader effort to strengthen Finland’s shipbuilding sector through increased research…

20 Apr 2026

Rio Tinto Charters Two Methanol-Capable Newcastlemax Bulk Carriers

Source: Rio Tinto

Rio Tinto has signed a contract with NS United Kaiun Kaisha (NSU) to charter two methanol-capable dual-fuel Newcastlemax bulk carriers for delivery from 2028 onwards.The agreement reflects Rio Tinto’s long-term approach to shaping its freight portfolio by future-proofing the fleet today while industry regulations on decarbonization continue to evolve.Rio Tinto Head of Commercial Operations, Laure Baratgin, said: “Shipping is entering a period of significant transition, but the pace, direction and economics of alternative fuels remain uncertain.

20 Apr 2026

Saildrone Introduces High-Endurance Anti-Submarine and Strike USV

Source: Saildrone

Saildrone has announced its newest platform, Spectre. At 52 meters (170 feet) long, weighing 250 tonnes, and capable of up to 30 knots, Spectre is a high-endurance USV designed to deliver multi-mission effects above and below the surface. Spectre’s design is engineered from the keel up for long-range, quiet, persistent operations.Spectre is Saildrone’s largest, fastest, and most capable platform to date.The US Navy is facing unprecedented challenges in maintaining maritime superiority across numerous regional hotspots simultaneously, says the company.

20 Apr 2026

C&C Marine and Repair Hold Keel Laying Ceremony for Hybrid Escort Tugs

© C&C Marine and Repair

C&C Marine and Repair held a keel laying ceremony at its Belle Chasse shipyard, marking a milestone in a new series of four hybrid escort tugs being built for Green Tug Towing (GTT). The vessels will support LNG carrier operations at Woodside Energy's Louisiana LNG terminal in Calcasieu Parish.The GTT series joins a separate series of four hybrid escort tugs already under construction at C&C, bringing the shipyard's active tugboat program to a total of eight vessels. Together…

20 Apr 2026

Dajin Expands Offshore Wind Logistics Fleet with KING TWO Launch

(Credit: Dajin Heavy Industry)

China-based offshore wind foundations manufacturer Dajin Heavy Industry has launched a 40,000 DWT deck carrier, KING TWO, at its Panjin shipbuilding facility.The vessel, launched on April 19, is the second large-scale deck carrier built at the facility, following KING ONE, which has already completed its maiden voyage.KING TWO measures 239.8 meters in length, 51 meters in breadth and 13 meters in depth, with a deck area of 12,000 square meters.The vessel is equipped with dual engines and dual propellers…

20 Apr 2026

BGN Orders Four Dual-Fuel VLGCs from South Korean Shipyard

(Credit: BGN)

Dubai-based energy and commodities trading group BGN has signed a contract with HD Hyundai Heavy Industries for the construction of four new dual-fuel Very Large Gas Carriers (VLGCs).The vessels, each with a capacity of 90,000 cbm, will be built in Korea and delivered by 2029, strengthening BGN’s position in the global LPG market and enhancing its integrated trading and logistics capabilities.Designed to operate on both conventional and lower-emissions fuels, the newbuilds are also capable of carrying ammonia…

19 Apr 2026

Australian Government Seals Deal with MHI for Frigates

Source: MHI

The Australian government and Mitsubishi Heavy Industries (MHI) have concluded a contract for the construction of three upgraded Mogami-class frigates for Australia's General Purpose Frigate (GPF) program.In August 2025, the Australian government selected MHI's upgraded Mogami-class frigate (4,800 ton type) as the preferred platform to proceed to the next stage in the selection process for the country's GPF program.Construction will begin at MHI's Nagasaki Shipyard & Machinery Works in cooperation with the Australian government…

19 Apr 2026

Woodside Orders Four Tugs for Louisiana LNG

Source: Woodside

Woodside Energy has awarded a services contract to Green Tug Towing – a joint venture of Harbor Docking & Towing and Saltchuk Marine – for the design and construction of four new tugs to be built at C&C Marine and Repair in Belle Chase, Louisiana, and delivered to Louisiana LNG in 2028.With this award, valued at more than $300 million, Woodside and its contractors have now committed more than $1 billion to Louisiana suppliers for the foundational development of the Louisiana LNG…

19 Apr 2026

Amtech Delivers ATB MAM 141 & Tug Battery Park

Image courtesy AMTECH

New U.S.-Flag coastwise registered tonnage was delivered into service April 18, 2026 by Alternative Marine Technologies (AMTECH) as Vessel Construction Managers. The ATB MAM 141 & Tug Battery Park departed Gulf Marine Repair of Tampa, Florida after completing a major conversion and reconstruction to chemical and petroleum service. The barge was refitted with a full stainless steel cargo system and cargo tanks coated with Advanced Polymer Coatings Marine Line 784. The coating application was reportedly the first job with the polymer completed in the United States…

17 Apr 2026

PSA Marine Receives 16th Z-Tech 6000 Tug

© Robert Allan

In 2024, Cheoy Lee Shipyards of Hong Kong delivered the first boat of Robert Allan Ltd.’s new Z-Tech 6000 design, the PSA Gemini, to PSA Marine of Singapore. Less than two years later the 16th and final boat of that contract, the PSA Nebula, has left the shipyard for its home in the Port of Singapore. The various boats of this series are now operating successfully in PSA Marine’s fleet, with seven in Singapore, six in Thailand, one in Peru and two in Panama. They add to the fleet…

17 Apr 2026

Fincantieri, NCL Launch Cruise Ship Newbuild Ahead of 2027 Delivery

(Credit: Fincantieri)

Italy’s Fincantieri and Norwegian Cruise Line (NCL) have launched the cruise ship Norwegian Aura at the Monfalcone shipyard, marking the start of the vessel’s final outfitting phase ahead of delivery scheduled for spring 2027.With a gross tonnage of about 170,000 tonnes and a length of 344 metres, Norwegian Aura is around 10% larger than previous Prima Plus-class ships Norwegian Aqua and Norwegian Luna.The vessel features 1,976 cabins and can accommodate approximately 3,880 passengers.

16 Apr 2026

Fincantieri, Princess Ink Deal for Three LNG-Fueled Ships

Copyright Mauro Carli/AdobeStock

Fincantieri and Princess Cruises signed an agreement for the construction of three new LNG-powered cruise ships. The vessel, part of a new “Voyager” class, will be built at Fincantieri’s Monfalcone yard, with deliveries scheduled for 2035, 2038 and 2039. While financial details were not disclosed, the contract has been described as significant and remains subject to financing and standard conditions.Each ship will be approximately 183,000 gross tons and carry around 4,700 passengers, placing them among the larger vessels in the Princess fleet.

15 Apr 2026

Holland America Line to Upgrade Six Ships

Source: Holland America Line

Building on strong momentum and record performance, Holland America Line has announced Holland America Evolution, a multiyear investment to reimagine six ships.Representing the most ambitious guest experience update in the company's 153-year history, Evolution will deliver a comprehensive bow-to-stern revitalization while bringing the best of its Pinnacle Class ships to most of the fleet.Evolution will span the four Holland America Vista Class ships — Oosterdam, Zuiderdam, Westerdam and Noordam — and the two Signature Class ships, Nieuw Amsterdam and Eurodam.

15 Apr 2026

Alternative-Fuel Inflection Point: Gotland Horizon X and the Port Hydrogen Question

Courtesy Austal

Gotland Horizon X is a 130-meter, 18,300-gt, 1,500-passenger, 400-car, 30-knot catamaran now under construction at Austal for delivery in summer 2028. Positioned as hydrogen-ready from day one, the vessel is not a technology demonstrator. It is a frontline Ro-Pax ferry designed to maintain timetable integrity while opening a credible pathway toward hydrogen. For ports and fuel suppliers, that distinction matters. Horizon X is less about a single vessel and more about what it signals: future-fuel ships are coming that will demand corresponding evolution ashore.Jonas Moberg…

15 Apr 2026

Fincantieri Wins $30m US Navy Contract for Four Vessels

© Timon - stock.adobe.com

Italian shipbuilder Fincantieri said on Wednesday its Fincantieri Marine Group unit has won a $30 million contract with the U.S.

15 Apr 2026

Cruise Shipbuilding Keeps European Yards Busy to mid-2030s

Chantiers de l'Atlantique-built Celebrity Xcel can run on methanol as well as standard fuel types.
Image courtesy Celebrity Cruises

A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.Just how important the segment is to the industry and supply chain may be gauged from the fact that at least three-quarters of the value of European yards’ commercial orderbooks is attributable to…

15 Apr 2026

Fincantieri Wins First U.S. Navy LSM Contract, Advances 35-Ship Program

U.S. Navy Rear Adm. Thomas Anderson, (far left) Program Executive Officer Ships, U.S. Marine Corps. Brig. Gen. Robert Brodie, (left) Director of Expeditionary Warfare, Office of the Chief of Naval Operations, U.S. Marine Corps Col. Raymond Feltham, (right) Program Manager, Medium Landing Ship and U.S. Navy Command Master Chief James Timmerman, Program Executive Office, Ships, salute during an establishment ceremony for the Medium Landing Ship (LSM) Program Office at the Humphrey's Building on Wa

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, with construction expected to start in the fourth quarter of 2026.The LSM program is designed to support distributed maritime operations…

13 Apr 2026

Destroyer USS Harvey C. Barnum Jr. Commissioned

Source: US Navy

The Navy’s newest Arleigh Burke-class guided-missile destroyer USS Harvey C. Barnum Jr. (DDG 124) was commissioned in Norfolk, Virginia, April 11, 2026.Arleigh Burke-class guided-missile destroyer USS Harvey C. Barnum Jr. (DDG 124) was commissioned before a crowd of approximately 1,800 guests, including senior military leaders, Sailors, Marines, veterans and family members.“This is the first vessel to bear the name of a Vietnam War Medal of Honor recipient, and Col Barnum’s actions…

13 Apr 2026

Amtech Issues RFP for Microcontainer Feeder Vessels

Image courtesy Amtech

Alternative Marine Technologies has issued a RFP to three major U.S. Shipbuilding companies for a 2+2 series build of a 230 TEU Microcontainer Feeder. The project is based upon the Conoship CIP230TEU design currently operating in Europe. The design is complete through production drawings, 3D modeled and available with the availability of a virtual “walkthrough” of the vessel. Short sea operator Vega Reederei has joined the project team handling commercial operations. The vessels in Europe operate successfully with a 9-man crew, similar to U.S. ATB manning.

13 Apr 2026

Shipbuilding: Changing Shipyard Dynamics in Japan

League leader: Imabari's network of shipyards in Japan effected 65 newbuild deliveries last year. (CREDIT: Imabari Shipbuilding)

Continuous design refinement and incremental productivity gains — reflecting the Japanese concept of kaizen — alongside unremitting attention to contractual performance and product quality have seen the country’s shipbuilders maintain a high profile in certain sectors of the commercial vessel market.The industry’s scale, reach and financial returns, though, have suffered from the onslaught of competition from its Asian counterparts, most notably China and South Korea, both of whom the Japanese contend benefit from both overt and covert state financial intervention.By the measure of output…

13 Apr 2026

Meyer Turku: Cruise Vessel Demand Drives Strong Orderbook

© Meyer Turku

In the world of large cruise ship construction, few yards operate at the level of Meyer Turku, which recently unveiled its 2025 results which serve as a turning point, not just in financial recovery, but in long-term strategic positioning.The numbers, at first glance, tell a familiar post-pandemic story. Turnover climbed to €2.14 billion, up more than 17% year-on-year, while adjusted EBIT reached €105.1 million, marking a continued recovery from losses just two years prior. But beneath the financials lies a more consequential shift: a yard restructuring itself for independence…

12 Apr 2026

Firming Baltic Dry Index is Headwind for Recyclers

Source: GMS

The single most consequential development of Week 15 came out of Washington, not the recycling yards, reports cash buyer GMS. President Trump’s decision to delay planned strikes on Iranian energy infrastructure by five days, alongside comments describing talks with Iran as “productive,” triggered the sharpest oil reversal since the conflict began.The Baltic Dry Index rose to 2,139 by April 8, continuing a recovery that began from the March trough and extending to its highest level since early March.

10 Apr 2026

Saturn Launched, First in New RAL Rapport 3000 Escort Tug Series

Master Boat Builders launched Saturn, the first vessel in the new H500 series of Rapport 3000 escort tugs built for Suderman & Young Towing Company, marking Master Boat’s entry into a new class of high-performance escort tug design. The Saturn (H500) marks the first of four vessels in the H500 series, with H501 through H503 currently under construction.The Saturn represents a significant step forward in escort tug capability. With an overall length of 98 feet, a molded beam of 43 feet, and a bollard pull capacity of more than 90 metric tons, the vessel is powered by two engines producing a combined 7,000 hp and is capable of approximately 13 knots.

10 Apr 2026

Vale, Shandong Shipping Sign Deal for Ethanol-Powered Carriers

© grigvovan / Adobe Stock

Brazilian mining firm Vale has signed an agreement with China's Shandong Shipping Corporation to build the world’s first ocean-going vessels powered primarily by ethanol, as part of efforts to cut emissions in maritime transport.The agreement covers the construction of two Guaibamax bulk carriers under 25-year contracts, with delivery scheduled from 2029 and options for additional vessels.The ships will be capable of running on ethanol, methanol and conventional bunker fuel, with…

09 Apr 2026

Pacific Nations Face Commercial Roadblock for Wind Propulsion

Juren Ae (Source: International Climate Initiative)

The Republic of the Marshall Islands took delivery of the sailing cargo vessel Juren Ae in October 2024, and it marked a new era in wind-propelled transport in Oceania.The vessel’s name refers to the “steering paddle” on a Marshallese canoe, and its construction was the result of the efforts of the Pacific Blue Shipping Partnership, co-chaired by Fiji and the Marshall Islands. The partnership includes other nations such as Kiribati, Solomon Islands, Tonga, Vanuatu, Tuvalu, the Federated States of Micronesia, and Palau.

09 Apr 2026

Boreal Orders 20 Electric Hydrofoil Ferries

Source: Boreal

Norwegian ferry operator Boreal has ordered 20 electric hydrofoil vessels from Swedish Candela Technology.Norway has long been a world leader in electrification of the car fleet and battery-powered ferries on short routes. However, express ferries – the fast passenger vessels that connect coastal communities over long distances – have been a challenge.The Candela P12 is the first electric vessel to combine 25 knots cruising speed and around 40 nautical miles range, with accommodation…

09 Apr 2026

Born into Maritime: John McDonald, Chairman & CEO, ABS

John McDonald, Chairman and CEO of the American Bureau of Shipping (ABS). Image courtesy ABS

Many claim to have ‘saltwater in their veins,’ but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying “I was born into maritime” is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge, a painting that has special meaning to him as he fondly remembers being on a boat in New York harbor in 1983, his father USCG Captain of the Port of New York at that time, watching the fireworks over the bridge for the celebration.

09 Apr 2026

‘World’s First’ Ammonia Dual-Fuel Ocean Carriers Named in South Korea

(Credit: Exmar)

Belgian shipowner Exmar has named two ocean-going ammonia dual-fuel midsize gas carriers, said to be the world’s first, marking a milestone in the development of low-emission shipping.The two vessels, ANTWERPEN and ARLON, were built in South Korea in cooperation with HD Hyundai as part of a multi-year development programme.Each vessel has a cargo capacity of about 46,000 cubic metres, including 45,000 cubic metre cargo tanks and two 500 cubic metre deck tanks. The design incorporates…

09 Apr 2026

Northern Lights Adds Third CO2 Carrier to Expand CCS Network

(Credit: Northern Lights JV)

The Northern Lights JV has added a third liquefied carbon dioxide (LCO2) carrier to its fleet, as it expands transport capacity for Europe’s carbon capture and storage (CCS) network.The vessel, Northern Phoenix, was formally welcomed in Bergen and will support the scaling of cross-border CO2 transport under the Northern Lights project.Designed to transport liquefied CO2, the ship will carry captured emissions from Yara to the Northern Lights receiving terminal in Øygarden, where…

08 Apr 2026

Sanmar Shipyards Celebrates Successful Sea Trials of 14th All-Electric Tug

Sanmar Shipyards has announced the successful completion of sea trials for its 14th fully electric tugboat, marking an achievement in the company’s 50th-anniversary year. This latest vessel, an ElectRA 2500SX design, reinforces Sanmar’s position as a global leader in the transition toward a sustainable, emissions-free towage industry.The ElectRA Series was created through an exclusive partnership with Canadian naval architects Robert Allan Ltd. This collaboration introduces a new way of managing harbor operations by focusing on sustainable technology and modern design.

07 Apr 2026

HII Teams with GrayMatter Robotics to Integrate AI into Shipbuilding

Credit: GrayMatter Robotics

HII and GrayMatter Robotics (GMR) have signed a memorandum of understanding to explore the integration of GMR’s Physical AI into shipbuilding operations that could accelerate throughput.This will include bringing autonomous surface preparation, coating, and inspection technologies into shipbuilding.Eric Chewning, HII’s executive vice president of maritime systems and corporate strategy, said: “We are in the midst of an American shipbuilding renaissance and we are extremely excited…

07 Apr 2026

Mesabi Metallics Secures Funding for New Steel Plant

Source: Mesabi Metallics

Mesabi Metallics, backed by Essar Group, has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine and pellet plant in Nashwauk, Minnesota.The financing follows Mesabi's recently announced $520 million senior secured credit facility with Breakwall Capital, further reinforcing the strong momentum behind the project.Mesabi has also recently received support from the U.S. Export-Import Bank (EXIM), reflecting the project's growing strategic importance to U.S.

07 Apr 2026

NYK Uses Recycled Material for Car Lashing Belts

Source: NYK

Nippon Yusen Kabushiki Kaisha (NYK), NYK Trading Corporation, and Rexxam have jointly introduced “eco CLASPER”, a newly developed car lashing belt made from 99.5% recycled polyester fiber.On March 26, the three companies completed the installation of the belts on the newly built pure car and truck carrier Elder Leader. Compared to conventional products, “eco CLASPER” reduces GHG emissions generated during the weaving process by approximately 28.3%.Car carriers require vast quantities of lashing belts to secure vehicles during transportation.

07 Apr 2026

Fuel Transition: Emissions Targets and Cost Management

Image courtesy ClassNK

ClassNK’s Fleet Cost Simulation service is reducing the heavy burden on shipping companies attempting to estimate the costs of transitioning to low- and zero-emission operations.Over more than two decades, regulators have worked towards providing the frameworks within which low- or zero-carbon fuels, energy efficient ship design, operational data and new technologies can support maritime decarbonization. Over that time, it is fair to say that there has often been tension between shipping’s agreement in principle to tightening regulation and its cost concerns.Certainly…

07 Apr 2026

Damen Launches Multi-Purpose Vessel for the Portuguese Navy

© Damen Shipyards Group

Damen Shipyards Group has launched the NRP D. João II a Multi-Purpose Vessel (MPV) 10720 for the Portuguese Navy. The vessel entered the water at Damen Shipyards Galati in Romania on April 7. The launch event took place in the presence of Vice Admiral Pires on behalf of the Portuguese Navy, Rear Admiral Neculae representing the Romanian Naval Forces, His Excellency Paulo Alves Cunha, Ambassador of Portugal in Romania, and Her Excellency Mrs Willemijn van Haaften, Ambassador of…

07 Apr 2026

Jan De Nul Launches Second Giant Cable Laying Vessel

William Thomson CLV (Credit: Jan De Nul)

Belgian marine contractor Jan De Nul has launched its second next-generation cable laying vessel (CLV), William Thomson, as it expands capacity to support growing offshore wind and grid interconnection projects.The William Thomson vessel follows the earlier launch of its sister ship Fleeming Jenkin in October 2025, with both units set to become the largest cable-laying vessels of their kind.Both vessels, launched at CMHI Haimen shipyard in China, measure 215 meters in length and has a cable-carrying capacity of 28…

07 Apr 2026

SDHI Books Order for Four Ammonia Dual-Fuel Bulk Carriers

(Credit: SDHI)

Swan Defence and Heavy Industries Limited (SDHI) has secured an order from Energy ONE Limited to build four ammonia dual-fuel bulk carriers, marking the first such vessels to be constructed in India.The contract covers four 92,500-deadweight tonne bulk carriers, which will be among the largest commercial ships built at an Indian yard, the company said.The vessels will measure about 229.5 meters in length with a beam of 37 meters and will be equipped with ammonia-fueled propulsion systems.

06 Apr 2026

Gulf Coast Shipbuilding is the Anchor for America’s Maritime Comeback

Design work is under way for Port Alpha, a greenfield “next-generation shipyard”.
Image courtesy Saronic Technologies

The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3 at LyondellBasell Center for Petrochemical, Energy and Technology in Pasadena, Texas, leaders from industry and academia will examine the strategy, workforce, investment, and partnerships needed to advance America’s maritime comeback.A new era in American shipbuilding is emerging—and the U.S. Gulf Coast stands at its center.

06 Apr 2026

Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage

© Timon - stock.adobe.com

Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Severny Inzhiniring, or Northern Engineering, which was set up on March 25, according to the registry.Novatek did not reply to a request for comment.Western sanctions imposed in 2022 significantly limited the availability for Russia of ice-class tankers

06 Apr 2026

Sanmar Shipyards, Med Tugs to Expand Mediterranean Tugboat Fleet with Newbuilds

Credit: Sanmar Shipyards

Sanmar Shipyards and Med Tugs have officially entered into a strategic agreement for the construction and delivery of two tugboats. Executed through the joint venture company SVS—comprising Vernicos Scafi, Spanopoulos, and Lyboussakis—the project marks an investment in the future of Greek maritime infrastructure.The vessels, scheduled for delivery in September 2026 and September 2027, will be stationed at the Port of Piraeus. Designed to handle the increasingdemands of one of Europe’s busiest maritime hubs…

05 Apr 2026

Ship Recyclers Face Clouded Price Recovery Outlook

Source: GMS

Geopolitical risk has overtaken supply-demand fundamentals as the primary price driver in energy markets, and ship recycling is feeling the impact from both sides, as higher oil keeps aging vessels trading while a volatile U.S. dollar makes confident bidding difficult to sustain, says cash buyer GMS.India delivered the week’s most notable currency development, as the rupee rebounded sharply from its record low of 94.42 to 92.73 following intervention measures by the Reserve Bank of India…

05 Apr 2026

ClassNK Awards Autonomous Notation to Domestic Container Ship

Source: ClassNK

ClassNK has granted its “AUTO-Nav2(All)" notation to Japanese domestic liner container ship Genbu, the only newly constructed autonomous ship under the MEGURI2040 Fully Autonomous Ship Program by The Nippon Foundation.This notation identifies ships equipped with an autonomous navigation system approved by ClassNK, and it marks the world’s first case of an autonomous navigation notation being assigned to a vessel operating on medium- to long-distance coastal routes. The vessel was constructed by Kyokuyo Shipyard Corporation…

01 Apr 2026

Serco to Build Lord Howe Island Freight Vessel

Source: Serco

Serco has been selected for the design and build of a new freight vessel to support World Heritage listed Lord Howe Island’s critical freight needs for the next 40 years.The project, part of the NSW Government’s Lord Howe Island Critical Infrastructure Program, will deliver a vessel designed to meet stringent environmental and biosecurity standards, helping provide critical protection for the native plant, bird and insect species present.The new vessel will feature roll-on roll…

01 Apr 2026

C&C Marine & Repair Delivers Double-Hull Tank Barge

Source: C&C Marine & Repair

C&C Marine & Repair has delivered CTOW 330, a new double-hull tank barge designed for bunker service and built to support modern fuel-handling requirements across lakes, bays, and sounds service routes to Colonial Towing.Measuring approximately 297'06" x 54'00" x 16'00", CTOW 330 has a nominal cargo capacity of about 28,000 U.S. barrels and features a flush deck extending the full length and breadth of the vessel. The barge is designed for U.S. Coast Guard authorization for Subchapter “D” cargoes…