Offshore Wind Leaders Urge Europe to Accelerate Permits As Trump Freezes US Market
Denmark's Orsted and Vestas, two of the world's top offshore wind power groups, urged European nations on Wednesday to speed up permitting, improve auction terms and invest in power grids to deliver their potential for strong growth in the sector.The offshore wind industry, facing a near-frozen U.S. market amid President Donald Trump's opposition to renewables, is increasingly looking to Europe for opportunities.Vestas…
DOF Group ASA Shares Q3 2025 Financial Report
DOF Group ASA's revenue for 3rd quarter totals USD 501 million and EBITDA totals USD 205 million. The operating profit (EBIT) is USD 138 million. Net financial cost amounts to USD -1 million, including unrealized currency gain of USD 20 million. The result after taxes is USD 107 million. The Group’s net interest-bearing debt is USD 1,332 million. The equity is USD 1,978 million giving an equity ratio of 46%.Key Highlights in the 3rd quarter:The Group delivered EBITDA of USD 205 million…
Sercel Awarded Five-Year Marlin Support Contract by ExxonMobil Guyana
Sercel announced the award of a five-year technical support and maintenance contract by ExxonMobil Guyana Ltd. for the Marlin Vessel Tracking and Alerts (VTA) software solution, delivered to the client in 2024. Sercel will provide comprehensive technical support, system maintenance, and ongoing software enhancements for the Marlin VTA solution currently being deployed by the client to enhance operational safety and increase situational awareness of vessel movements offshore Guyana.
Shell Marine Launches Sensor Service to Improve Vessel Uptime
Shell Marine has launched a new technical service, Shell Marine Sensor Service (SMSS), an onboard monitoring service that provides real-time insights into oil and equipment condition, helping shipping operators improve vessel uptime and operational resilience.The new service acts as a “digital deckhand,” continuously monitoring oil condition to help crews manage and maintain equipment across a vessel proactively to prevent unplanned downtime.Designed to detect maintenance issues early…
Great Lakes Dredge & Dock Q3: Profit Up, Revenue Slightly Miss
Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest U.S. dredging contractor, reported third-quarter 2025 earnings that topped profit estimates but came in just shy of revenue expectations, reflecting steady operations amid a cooling federal project environment and a shrinking backlog.The company reported revenue of $195.2 million, a modest 2% increase from last year’s $191.2 million but below analyst estimates of around $200 million.
Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3
St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
Anglo-Eastern Debuts Methanol Bunkering Simulator, Courses
Anglo-Eastern Univan Group introduced its methanol bunkering simulator in October, developed in collaboration with Wärtsilä, a system that delivers both theoretical and practical training for the safe handling of methanol as a marine fuel. This follows the launch of the world’s first functional LNG ((Liquefied Natural Gas))/ammonia bunkering station skid at the Anglo-Eastern Maritime Academy (AEMA) in Karjat, Mumbai in February.
Dutch Maritime Awards Present Winners for Innovative Solutions
On November 3, the Dutch national awards for maritime innovations were presented. The winners were honored for their innovative contributions to the sector.Out of 15 nominees, a professional jury selected five winners over the past few weeks, who received their awards in front of hundreds of people, including political and media representatives.Maritime Ship of the Year Award: Royal van Lent/Feadship…
Dave Otto Joins Accelleron as Territory Sales Manager
Accelleron North America has welcomed Dave Otto as Territory Sales Manager. Dave will lead service sales activities across the eastern United States and the Caribbean, in the power production, cruise, shipping, and gas compression markets, to strengthen customer relationships and support their operational needs.Dave brings more than 30 years of industrial sales experience to Accelleron. For the past 10 years…
Matson Paid $6.4 million in Port Fees to China
U.S. ocean shipping company Matson MATX.N has paid $6.4 million in port fees to China since they were implemented on October 14, CEO Matt Cox said on Tuesday.President Donald Trump and President Xi Jinping last week agreed to put those tit-for-tat levies on pause for 12 months, starting on November 10. Media outlets in China had reported that Hawaii-based Matson, one of a handful of global shipping firms with U.S.-built and -flagged vessels…
The Great Lakes Group Announces Promotions
The Great Lakes Towing Company and Great Lakes Shipyard have promoted Gregg Thauvette and Thomas Rigolo, two long-time leaders whose commitment and expertise have been key to the companies’ continued success.Gregg Thauvette has been promoted to Executive Vice President to President of The Great Lakes Towing Company, where he will continue to oversee all harbor towing and fleet operations across more than 40 U.S.
James Fisher Opens Uruguay Base
James Fisher and Sons has established a new operational base in Uruguay. A key growth region for the business, the new base expands James Fisher’s ship-to-ship (STS) services in South America to provide a strategic hub for clients requiring rapid mobilization and support across South America’s energy trade routes.The base was inaugurated with a successful offshore operation, safely transferring one million barrels of crude oil between two tankers.
Pole Star Global Introduces Intelligence Ecosystem with Generative AI
Maritime intelligence company Pole Star Global has launched three new products — Meridia, Meridia IQ, and Insights Data Products — forming a unified ecosystem that integrates maritime analytics, generative AI, and data delivery.Together, these solutions empower shipping companies, governments, and financial institutions to act on trusted intelligence in real time — improving safety, compliance, and operational performance across global maritime domains…
ILO Adopts Migrant Fisher Labor Guidelines
The International Labour Organization (ILO) has adopted Guidelines for Fair Labour Market Services for Migrant Fishers at a meeting convened in Geneva from October 27 to 31.Guidance on recruitment processes, work agreements, complaint procedures, and enforcement measures is included to safeguard the rights of migrant fishers globally while also supporting employers in recruiting and retaining a skilled…
OMV CEO Warns EU Risks Losing Qatari Gas over Sustainability Law
The CEO of Austrian energy firm OMV on Tuesday urged the European Union to reconsider its sustainability legislation or risk losing Qatar as a gas supplier which would undermine prosperity in the region.Qatar's Energy Minister Saad al-Kaabi, who is also CEO of QatarEnergy said on Monday that he could halt business with the EU if it does not significantly ease its Corporate Sustainability Due Diligence Directive.Kaabi told Reuters at the ADIPEC energy conference in Abu Dhabi that Qatar has contin
Suez Canal Revenues Rise as Red Sea Tensions Ease
Egypt's Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in traffic through the vital waterway.Yemen's Iran-aligned Houthis launched more than 100 attacks on ships in the Red Sea, the Gulf of Aden and the Bab al-Mandab Strait that links them in 2023 and 2024 in what they described as solidarity with the Palestinians over Israel's war in Gaza…
$400m Natural Gas Pipeline Between Israel and Cyprus Awaits Government Approval
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused gas producer Energean told Reuters on Tuesday.Energean on Monday signed a letter of intent with leading Cypriot industrial and energy group Cyfield for the potential supply of natural gas from Israel to Cyfield's planned power plant via the new pipeline…
Norwegian Cruise Forecasts Q4 Profit Below Expectations
Norwegian Cruise Line Holdings NCLH.N forecast fourth-quarter profit below expectations on cost pressures and subdued appetite for sea-based vacations as travelers curb spending, sending its shares down about 15% on Tuesday.Persistent inflation, tariff-driven uncertainty, and the fallout of the prolonged U.S. government shutdown on port activity have clouded demand heading into the crucial holiday season.Volatile fuel prices due to geopolitical tensions…
Lukoil Struggles to Maintain Overseas Operations Amidst Sanctions
Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21.
Production Begins on Irving OmniLift Shiplift
Bardex, in partnership with Irving Shipbuilding, Inc., announced that production has commenced on the mechanical equipment for the Irving OmniLift Shiplift. This specialized set of equipment, designed and engineered to meet exacting standards, will play a central role in supporting Irving’s River-class destroyer shipbuilding program, a part of the National Shipbuilding Strategy and the most complex…
