ABS and Pusan National University Sign Hydrogen MoU
ABS and the Hydrogen Ship Technology Center at Pusan National University have signed a memorandum of understanding (MoU) for the joint research and technology development of liquid hydrogen carriers and cryogenic engineering.Mass transportation of liquefied hydrogen, which is stored at minus 253 degrees Celsius, is a cutting-edge technology that has not yet been successfully commercialized due to its…
WinGD Engines Selected for X-Press Feeders Vessels
WinGD has won an order for two X-S short-stroke engines for container vessels to be built for X-Press Feeders at HD Hyundai Mipo.The 2,800 TEU vessels will each be powered by a six-cylinder, 62-bore model from WinGD’s new ultra-efficient medium-bore X-S series.The X-S series has been designed to deliver compact power for vessels with small propellers or low main deck heights, and X-Press Feeders selected…
BAR Technologies Earns BV Approval for WindWings
BAR Technologies has secured a Bureau Veritas (BV) Type Approval Design Certificate (TADC) for its 37.5m WindWings®, a globally deployable wind propulsion system.Following an extensive and detailed review by Bureau Veritas, the TADC confirms that WindWings meets stringent international standards across structural design, material selection, load handling and supporting control systems.This official…
Cyber Security Stakes Have Never Been Higher
“Between expanding attack surfaces and increasingly sophisticated threats, the stakes have never been higher,” said Michael DeVolld, Director of Maritime Cybersecurity at ABS Consulting, speaking at the 2025 Maritime Cybersecurity Summit hosted by the Maritime Transportation System (MTS) Information Sharing and Analysis Center (ISAC).“It is essential for the maritime industry to not only understand its cyber risk but also translate that knowledge to decisive action that protects lives…
CMB.TECH and Golden Ocean Agree Merger Terms
CMB.TECH and Golden Ocean Group have signed an agreement and plan of merger for a stock-for-stock merger, as contemplated by the term sheet previously announced on April 22.The transaction is structured as a merger, with Golden Ocean merging with and into CMB.TECH Bermuda, a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving company.The merger will create one of the largest…
CMA CGM Launches Electric River Barge with NIKE
CMA CGM has launched the first fully electric container barge in Vietnam, supported by the construction of a solar-powered charging station at the Cai Mep port, the country’s main container gateway near Ho Chi Minh City.As part of this initiative, CMA CGM has signed an agreement with its long-standing partner Gemadept, a key logistics and port operator in Vietnam, to establish a joint venture named Green River Transportation, which will operate the electric barge.
US Natural Gas Prices Fall 6% in Volatile Contract Expiration Trade
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.On its last day as the front-month, gas futures for June delivery on the New York Mercantile Exchange (NYMEX) fell 19.4 cents…
TenneT Begins Drilling Under Dunes for Laying Electricity Cables on Maasvlakte
In the coming years, grid operator TenneT will bring wind energy from the sea to land on the Maasvlakte. To enable the landing of these electricity cables, contractor NRG started six drillings under the dunes May 26. Three more will follow after the summer. In recent days, NRG has made the necessary preparations both inside the dike and on the beach. The electric drill is making a horizontally directional drilling over a distance of approximately 200 meters towards the beach.
Expleo Invests in the Next Generation With Ship Design Challenge
Expleo, a global engineering, technology and consulting company, is investing the next generation of UK naval engineering talent with its ship design challenge, Vision 202X.Expleo works with defense primes and leading marine manufacturers on a diverse range of projects that contribute to Sustainable Development Goals (SDGs) and accelerate innovation to keep them one step ahead of the competition. To support this…
USTRANSCOM Report: Impact of Dredging Limitations on U.S. Strategic Seaports
The U.S. Senate Committee on Armed Services, through the National Defense Authorization Act (NDAA) for Fiscal Year 2025, tasked the U.S. Transportation Command (USTRANSCOM) with assessing how reduced dredging capacity may have impacted designated strategic seaports. In response, USTRANSCOM submitted a report titled Dredging and the Strategic Seaport Program, which has recently been declassified and made available to the public.
Japan Energy Summit & Exhibition to Run Together with LNG PCC 2025
The Ministry of Economy, Trade and Industry (METI), in cooperation with the International Energy Agency (IEA), has confirmed that the LNG PCC 2025 will be held on June 20, in collaboration with the Japan Energy Summit & Exhibition, organized by dmg events.The LNG PCC 2025 will take place on the final day of the three-day Japan Energy Summit & Exhibition (June 18-20) at Tokyo Big Sight, East Hall 7.
Kongsberg Discovery Launches FS80 Trawl Sonar
Kongsberg Discovery has announced the commercial launch of the FS80 Trawl Sonar.The compact, modular and multifrequency solution is the market’s first sonar system to combine net monitoring, intake profiling and bottom detection in a single unit, making the very latest sonar technology accessible to fishery operators, big and small. Originally unveiled at Pacific Marine Expo (PME) in November last year…
BIMCO: Tanker Shipping Market Overview & Outlook
The unprecedented trade policy uncertainty following President Trump import tariff announcements have weakened the outlook for both the global economy and oil demand.“In 2025, we forecast a balanced development in the crude tanker market followed by a slight weakening in 2026. The product tanker market is expected to weaken during both 2025 and 2026 as deliveries from the large order book increases supply growth…
UAW Members Vote to Ratify New Contract at General Dynamics' Electric Boat
Union members at General Dynamics' Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday.The union, representing over 2,400 marine drafters at Electric Boat, said 85% voted in favor of the ratification of the new five-year agreement which secures a 30% wage increase over the life of the contract and an improved wage progression.In total, members will see a cumulative $115…
PT Bahtera Bahari Shipyard Purchases Indonesia’s First All-Electric CBG 500 E Crane
PT Bahtera Bahari Shipyard (PT BBS) has purchased Liebherr’s CBG 500 E. Scheduled for delivery in October 2025, the crane will be installed on a barge currently under construction at their Batam facility. The CBG 500 E features a rope luffing mechanism, a 65-ton safe working load in grab operation, and a 43-meter outreach—making it ideal for high-volumecoal handling. Its all-electric drive system, supported by the Licatronic energy recovery system and supercapacitors…
Opinion: The U.S. Ships for America Act … In a Corked Bottle
As a result of a major White House office wake-up call or Executive Order 14269 determining it is time to start building ships again, Washington DC announced America’s maritime industry has been “dangerously declining” and with that decline we have allowed China to become the dominant force in global shipbuilding. Hard to believe that for nearly 65 years we have overlooked how Japan first got ahead of us or the fact that Korea took the lead not soon after Japan.
Inmarsat NexusWave to Support New Ava Ocean Scallop Harvesting Vessel
Inmarsat Maritime, a Viasat company, has renewed its cooperation with Ava Ocean in a deal that will see the Norwegian company implement Inmarsat’s latest fully managed bonded connectivity service, NexusWave, on board its new non-invasive scallop harvesting vessel later this year.Specializing in sustainable scallop harvesting in the Barents Sea, Ava Ocean—formerly known as Tau Tech—already relies on Inmarsat’s Fleet Xpress to meet the connectivity needs of its existing ship.
Norway Sets the Bar High With Green Orders
As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector. Thanks to government-backed initiatives such as Enova…
Kongsberg Maritime Wins Waterjet Contract With Maritime Partner AS for Danish SAR vessels
Kongsberg Maritime has entered into a contract with Norwegian shipbuilder Maritime Partner AS for the delivery of waterjets and control systems for seven new Search and Rescue (SAR) vessels. These vessels are being built for the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO), reinforcing a strong Nordic collaboration in support of mission-critical maritime operations.Each…
Seanergy Maritime Shares Q1 Results
Seanergy Maritime (SHIP), a pure-play Capesize shipping company, reported Q1 results and announced a quarterly dividend of $0.05 per share—marking the 14th consecutive quarterly dividend.SEANERGY Q1:Fleet TCE2 of $13,403, outperforming the Baltic Capesize Index (“BCI”) by 3% in Q1 2025Declared $0.05 per share quarterly cash dividend – 14th consecutive quarterly dividend - Cumulative cash dividends of $2.26 per share…
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