G2 Ocean Adopts Seaber's Fleet Scheduling Tool
G2 Ocean, a Norwegian ship operator within the open hatch segment, has selected Seaber.io's chartering and schedule optimization solution for its fleet.G2 Ocean aims to leverage Saber's AI-platform to optimize fleet planning, enhance operational efficiency and reduce its carbon footprint.Seaber’s platform provides data-driven decision support for scheduling and chartering, helping commercial ship operators, industrial charterers, and commodity traders maximize fleet utilization and earnings.
Tango FLNG Tops Guaranteed Production at Eni’s Gas Field Offshore Congo
The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the actual production of LNG has exceeded the guaranteed levels, with an adjusted annual equivalent production in excess of 0.6 million ton per annum, according to Exmar.Exmar sold Tango FLNG to Eni in 2022…
ClassNK Issues AiP for Low-Pressure Type Coastal LCO2 Carrier
Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Gas Line (NGL) have secured an Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for a low-pressure type liquefied CO2 (LCO2) carrier to serve in coastal transportation.Demand for LCO2 carriers is expected to grow in tandem with CCS (carbon dioxide capture and storage) projects involving marine transport…
Chinese Vessel Orders Shoot Beyond $123B, Veson Nautical Finds
Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38% of total vessel orders.Using VesselsValue data, Veson Nautical has summarized the Chinese orderbook by top Chinese ordering companies and insight into the ships currently being built at Chinese yards.Of the top Chinese companies ordering vessels last year…
DOF Gets Two Subsea Services Contracts in Asia Pacific
Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with related saturation diving services to be executed in Malaysian waters.The vessel will be engaged on the contract for an expected 30 days, starting in the second quarter of 2025.The second contract award…
Fincantieri Bags Multi-Billion Dollar Cruise Ships Order from Norwegian Operator
Fincantieri and Norwegian Cruise Line Holdings (NCL) have signed a multi-billion dollar agreement for the construction of four new cruise ships.With a gross tonnage of approximately 226,000 tons, the new units will be the largest ever built for NCL.The ships will be built at the Fincantieri Monfalcone shipyard, with the first unit to be delivered in 2030 and the others to follow in 2032, 2034, and 2036.Fincantieri deemed the contract ‘very important’, which means its value exceeds $2 billion.
AiP Granted for Low-Pressure Coastal Liquefied CO2 Carrier
Mitsubishi Shipbuilding and Nippon Gas Line have jointly acquired Approval in Principle (AiP) from ClassNK for a low-pressure liquefied CO2 (LCO2) carrier to serve in coastal transportation.Demand for LCO2 carriers is expected to grow in tandem with carbon dioxide capture and storage (CCS) projects involving marine transport of CO2 captured in Japan to storage sites.The concept is based on the potential…
Report: EU Needs More Action on Decarbonization
The newly released European Maritime Transport Environmental Report 2025 highlights progress made in sustainable maritime transport but challenges still persistAccording to the report, the sector is making progress towards greater sustainability but will need to increase its efforts over the coming years to play its part in meeting 2030 EU climate and environment goals and achieving a climate neutral…
Singapore Navy USVs Enter Operation
The Republic of Singapore Navy’s maritime security unmanned surface vessels (USVs) began operational patrols in January 2025, operating alongside manned ships such as the RSN’s Littoral Mission Vessels (LMVs) to enhance the security of Singapore’s waters. The 16.9-meter USVs add another layer of surveillance and operational response. They conduct patrols, and when required, will investigate and interdict suspicious vessels.
Surging Water Led to Barge Striking Lock Gate
Surging water from the Mississippi River led to a 2023 barge strike on a gate at Algiers Lock in New Orleans, the National Transportation Safety Board has reported.On July 4, 2023, the towing vessel Kitty was pushing two loaded tank barges into the Algiers Lock during low water conditions. The tow surged within the lock chamber and the lead barge struck one of the lock gates. The contact did not result in any injuries or pollution.
Tariffs Risk Working Against the Imposer’s Interests
“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations adjust by sourcing commodities elsewhere. For example, the first time President Trump imposed tariffs on various goods, China responded by rerouting its imports of maize, corn…
Lloyd's Register Introduces New Notation for Fin Stabilizers
Lloyd's Register (LR) has introduced its first class notation for fin stabilizers. With the increasing demand for enhanced passenger experiences on modern cruise ships, fin stabilizers have become integral to providing a smooth and enjoyable journey.Located under the waterline on the side of a ship's hull, fin stabilizers provide a roll damping effect, counteracting the ship's natural roll and ensuring a stable voyage.The new class notation covers the strength…
Wind-Assist Retrofit Market Ratcheting Up
A surge in industry interest combined with systems builders and yards scaling up production and installation capacity, is set to accelerate growth in orders for wind-assisted propulsion systems (WAPS), says DNV in a new whitepaper that examines the technologies, their onboard implementation and potential fuel savings.There has been a rapid uptake of WAPS in the global fleet since 2021, with 52 seagoing…
Trump Pressures Iran; Iran Threatens Strait of Hormuz Closure
U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure. That would shut down the region's trade and lead to a spike in oil prices.The Streit of Hormuz & OilThe strait lies between Oman and Iran…
China Expands South China Sea Presence
The latest Maritime Security Threat Advisory from Dryad Global states that China’s military activity near Scarborough Shoal in the South China Sea continues to escalate, with combat readiness patrols becoming more frequent.The People's Liberation Army (PLA) has intensified both naval and air operations, and as Scarborough Shoal is situated within the Philippines' Exclusive Economic Zone (EEZ) it remains a flashpoint for regional tensions.The deployment of the U.S.
Palfinger Banks Contract on Royal Caribbean’s Icon Class Vessels
Palfinger Marine won a contract with the Finnish Meyer Turku shipyard to provide lifesaving appliances (LSA) for Royal Caribbean International’s fourth Icon Class ship, set to debut in 2027. The fourth Icon Class ship, built at the Finnish Meyer Turku shipyard, will have a comprehensive package of state-of-the-art LSA. This includes 18 lifeboats, one of the largest totally enclosed lifeboats on the market, each with a capacity of 450 passengers.
Corvus ESS Powers the World's First Fully Electric Offshore Vessel
Corvus Energy will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built. The vessel is an electric Commissioning Service Operation Vessel (eCSOV) that will be constructed by Armon shipyard in Spain for UK-based shipowner Bibby Marine Ltd.For the project, Corvus Energy will supply its Blue Whale Battery Energy Storage System (BESS) delivering close to 25MWh of power for the vessel.
Navigating a Regulatory Storm: California Strikes Again
Onerous emissions rules are certainly no stranger to the maritime sector at large, arguably none more so than those that work and live in California. The U.S. West Coast state is a global shipping hub, with a coastline spanning more than 800 miles and 11 major ports. It also is known for its penchant for creating and enforcing maritime rules, rules that on occasion transcend the technological means to enact them.
Strong Refurb Market Drives Vestdavit Subsidiary
The Dutch subsidiary of Norway's Vestdavit, Vestdavit BV, saw revenue surge by 65% in 2024 - surpassing a 50% rise the previous year - as growing activity in the offshore wind and seismic segments has resulted in operators seeking to procure reconditioned workboat davits that can be installed on existing vessels.This means that vessels can be more quickly adapted and mobilized for short-term contracts both in wind turbine installation and maintenance and seismic exploration…
Econowind Sells 100th VentoFoil, Advancing Sustainable Shipping
Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry’s shift towards Wind-Assisted Ship Propulsion. Since the first two units were installed on MV Ankie in 2018, Econowind has steadily expanded its reach. Today, 32 VentoFoil units are in operation, 33 are in production or ready for installation, and another 37 are set for delivery in 2025. The VentoFoil technology has been successfully deployed on bulk carriers…
