ESAB Announces 2025 American Welding Society Scholarship Winners
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators. One of the many ways it moves the industry forward is through funding AWS Foundation scholarships…
Econowind Receives Repeat Order From Terntank for Hybrid Tankers
Econowind has received a repeat order from Terntank for the installation of eight VentoFoil units on two additional methanol-ready hybrid tankers. Following the initial order in May 2023 for three newbuilds, this brings the total to five vessels and 20 VentoFoils, with each ship fitted with four 16-meter wind wings.The first vessel, Tern Vik, was delivered in April 2025 by China Merchants Jinling Shipyard (Yangzhou).
Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO
Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC), the operator of Blocks B 48/95 and 52/97, on behalf of state-run Petrovietnam. The project marks a key milestone…
Lloyd’s Register Approves KSOE’s Next-Gen Newcastlemax Bulk Carrier
Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (KSOE) for its next-generation 210,000 DWT Newcastlemax bulk carrier design.The innovative design features flexibility for multiple fuel types, including conventional fuels, LNG, ammonia, and methanol, enabling shipowners to adapt to current and emerging environmental regulations and future…
Project MASGA: South Korea Proposes Shipbuilding Project in US Trade Talks
South Korea has proposed a multi-billion dollar shipbuilding project to the U.S. during trade talks, the Yonhap News Agency reported on Monday, citing unnamed sources.The suggested project consists of a package that encompasses large-scale investments in the U.S. by private South Korean shipbuilders and financial support such as loans and guarantees to support them, Yonhap reported.The project has been labelled "Make American Shipbuilding Great Again," or MASGA, Yonhap reported.(Reuters)
Bourbon to Deliver Next-Gen Crewboats for Eni’s Congo Operations
French offshore vessel services firm Bourbon has signed a five-year charter agreement with Eni Congo for six next-generation crewboats to support operations on Eni’s offshore fields in the Central Africa country.The agreement includes the deployment of six newly built S200X-G2 crewboats, scheduled for delivery between June and December 2026.Pending delivery, six existing vessels will be temporarily…
Inyanga Marine to Operate Hybrid Vessel for Offshore Wind Sector
Inyanga Marine Energy Group has assumed operational management of the newly built hybrid utility vessel Tor Boreas, in partnership with Turkey’s Tor Group, targeting the offshore wind sector.Tor Boreas is 26.95 meters long, with a breadth of 11 meters, depth of 4.35 meters and a maximum draught of 3.5 meters.The vessel features an offshore crane and a 5 tonne hydraulic A- frame, as well as towing capability…
Nakilat Ready to Order 25 Korean-Built LNG Vessels
Nakilat has launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional Korean-built LNG vessels that will be fully owned and operated by Nakilat.The partnership represents a pivotal step in Nakilat’s long-term strategy to expand its LNG carrier fleet and to support QatarEnergy’s LNG expansion project. The agreement underscores the strong economic ties between Qatar and the Korea…
U.S. Coast Guard Warns on Declaration of Inspection
The U.S. Coast Guard has issued a Safety Alert following a recent oil spill on the Delaware River.The Alert says the incident starkly underscored the critical need for effective communication when completing the required Declaration of Inspection (DOI) prior to an oil transfer in accordance with Title 33, Code of Federal Regulations (CFR), §156.120 (33 CFR 156.120).Prior to the incident, the facility…
Ukrainian Drones Target Putin’s Navy Day
Ukrainian drones targeted St. Petersburg on Sunday, Russian authorities said, forcing the airport to close for five hours as Vladimir Putin marked Russia's Navy Day in the city, despite the earlier cancellation of its naval parade due to security concerns.St. Petersburg usually holds a large-scale, televised navy parade on Navy Day, which features a flotilla of warships and military vessels sailing down the Neva River and is attended by Putin.Last year…
Thirteen Dead, Dozens Missing in Nigeria Boat Accident
Thirteen people were confirmed dead with dozens more missing after a boat ferrying around 100 passengers capsized on Saturday in Niger state in north-central Nigeria as they headed to market, authorities said on Sunday.Twenty-six people, mostly women and children, were rescued from the wooden boat, said Yusuf Lemu, an official of the Niger State Emergency Management Agency.Local official Isiyaku Akilu said the boat driver…
CK Hutchison Deal Deadline Likely to be Extended
CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC…
Houthis Threaten Ships Linked to Firms Dealing with Israeli Ports
Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel.In a televised statement, the Houthis' military spokesperson warned that ships would be attacked if companies ignored their warnings, regardless of their destination."The Yemeni Armed Forces call on all countries…
Photon Marine, Silverback Marine Launch Funded Electric Workboats
Photon Marine, a developer of high-performance electric outboard propulsion systems, and Silverback Marine, a builder of commercial aluminum vessels, announced that eight electric workboat configurations have been approved for funding through California Air Resources Board (CARB) Clean Off-Road Equipment (CORE) Voucher Program. This marks the first inclusion of an electric outboard motor in the program.Starting in August…
Russia's Only Aircraft Carrier to Be Scrapped or Sold
Russia's only aircraft carrier, the 40-year-old Admiral Kuznetsov, is likely to be sold or scrapped, the chairman of Russia's state shipbuilding corporation told the Kommersant newspaper in comments published on Friday.Andrei Kostin's remarks follow a report in the daily Izvestia newspaper earlier this month, which cited unnamed sources as saying long-running refit and maintenance work on the warship had been suspended.Launched in 1985 when the Soviet Union still existed…
Good Ocean, Good Business
There is an estimated 3.5 million square miles of ocean space suitable for finfish mariculture and about five times that suitable for seaweed production. It’s a potential that is being realized around the world as new projects generate benefits for rural communities, cities and the environment.In Papua New Guinea, the UN Sustainable Development Group is focusing on creating meaningful, sustainable livelihoods for women and youth in Kimbe Bay…
The Challenges for Watchkeepers Continue
This week MarineLink reported on the NTSB’s analysis of a 2024 collision on the lower Mississippi that resulted from a tow pilot’s distraction caused by personal cellphone use.While navigating the tow for about 1.5 hours before the collision, the pilot engaged in non-operational, secondary tasks, including taking an administrative phone call from the company’s safety officer, making a personal phone…
Montenegro Secures 350m Euros to Enhance Regional Transport Connectivity
Montenegro has secured 350 million euros from the European Bank for Reconstruction and Development and the European Union to enhance transport connectivity within the Balkan country and with the wider region, the EBRD said in a statement on Thursday.The EBRD will provide a loan of up to 200 million euros to finance the construction of the Matesevo–Andrijevica section of the highway connecting the Adriatic port of Bar with the Serbian border…
Holland Shipyards Delivers Cement Carrier Vessel
Holland Shipyards Group, in collaboration with Eureka Shipping and SMT Shipping, delivered the cement carrier Tamarack earlier this week at Holland Shipyards Group’s yard in Hardinxveld-Giessendam.Tamarack is a 12,500-DWT self-discharging cement carrier designed specifically for the Great Lakes region in Canada. Built to replace two older vessels, Tamarack offers equivalent transport capacity in a more compact and efficient platform.
Insight into VesselBot's Q2 "Decoding Maritime Emissions" Report
In Q2 2025, VesselBot tracked 4,865 containerships that completed 72,516 voyages. Average voyage duration rose slightly year-over-year by 0.4% to 5 days Total emissions nearly hit 46.8 million tons, leading to a yearly drop of 4.5% On each voyage, the average number of containers transported was 2,660 TEU These numbers reveal only a glimpse of the complex maritime landscape that emerged during a quarter marked by geopolitical tensions, environmental disruptions, and market volatility.
