HavocAI Adds $85 Million in New Capital to Scale Autonomy Capabilities
HavocAI, a developer of maritime autonomous systems, has secured $85 million in new capital.The funding comes from new investors B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners, along with continued support from Scout Ventures and Outlander Ventures in addition to other early funders.The funding round, completed at a significant valuation increaseā¦
Trident Maritime Systems Divests UK Subsidiary
Trident Maritime Systems, a maritime systems and solutions provider and portfolio company of J.F. Lehman & Company (JFLCO), has announced the divestiture of Trident Maritime Systems UK Limited and its subsidiaries, including Aeronautical & General Instruments Limited (AGI).The companies are being taken on by DC Capital Partners, a private equity firm focused on middle market government and engineering companies.AGI is a provider of highly engineered electronic systems that support landingā¦
Ferguson Marine Confirms Duncan Anderson as Interim Board Chair
UK-based Ferguson Marine has appointed Non-Executive Director, Duncan Anderson, as Interim Chair. This comes as current Board Chair, Andrew Miller, is due to step down upon completion of his three-year term at the end of November. Anderson has served as a Non-Executive Director of Ferguson Marine since March 2025 adding demonstrable shipbuilding expertise as a Chartered Marine Engineer with over 40 years of experience in ship operations and shipbuilding.Graeme Thomsonā¦
Oldendorff to Reduce Iron Ore Trade Emissions
Salzgitter Flachstahl and Oldendorff Carriers have entered into a long-term agreement to reduce carbon emissions in the maritime transport of iron ore, marking a further step toward decarbonizing Salzgitterās steel supply chain.Starting in January 2026, Oldendorff will transport iron ore for Salzgitter from various loading ports to Hamburg using bulk carriers operated with a focus on fuel-efficient practices.
Green Shipping Fuel Producers Call on IMO to Adopt NZF Deal
20 leading green fuel producers are calling on IMO delegates to seize a āonce-in-a-generationā opportunity to set shipping on a sustainable pathway.At this weekās extraordinary session, leaders will come together in London to discuss the adoption of the IMOās Net Zero Framework (NZF) that was agreed in April earlier this year. A final vote is expected on Thursday or Friday.The companies, including European Energyā¦
NATO Chief Mocks āBrokenā Russian Submarine
NATO chief Mark Rutte mocked Russia on Monday over the "limping" condition of one of its submarines as Russian authorities denied it had been forced to surface because of technical problems.Russia's Black Sea Fleet said the diesel-powered submarine Novorossiysk had surfaced off France to comply with navigation rules in the English Channel, and rejected reports it had suffered a serious malfunction.But Dutch authorities said at the weekend that the submarine was under tow in the North Sea.
Fratelli Cosulich Group Launches New Chemical Bunker Tanker
On October 9, 2025, the Fratelli Cosulich Group launched Maya Cosulich ā the worldās first methanol-powered IMO II chemical bunker tanker ā at Taizhou Maple Leaf Shipyard.The ceremony was attended by Ms. Hoe Sook Mei from the Fratelli Cosulich Singapore office, who served as the Godmother of Maya Cosulich. Designed by SeaTech Solutions International Pte Ltd, the Maya Cosulich features diesel-electric propulsion, onboard battery storage, and two mass flow meters (MFMs).
Chinaās Sinopec Reroutes Supertanker from US-Sanctioned Port
The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies.A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday, LSEG data showed.Shortly after the U.S.
US Tweaks Foreign-Built Ships Fees, Raises Tariffs on Chinese Equipment
The United States Trade Representative's office said on Friday it would modify certain maritime-related fees for foreign-built vehicle carriers and liquefied natural gas vessels ahead of port fees on China-linked ships slated to go into effect next week.USTR said in a statement that fees on operators of foreign-built vehicle carriers would be $46 per net ton, effective on October 14. That is below a fee of $150 per net ton originally proposed in Aprilā¦
UN Shipping Emissions Levy Deal Sets Stage for US-EU Clash
The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an EU-led bloc including Britain, China and Japan but strongly opposed by the U.S.The IMO struck a preliminary deal to charge the global shipping industry for emissions in April after the U.S. pulled out of associated talks, prompting Washington to threaten "reciprocal measures" against any fees charged on U.S.
Reach Remote 1 USV Cleared for Fully Remote Operations
Norwegian subsea services firm Reach Subsea has been granted a trading permit to operate its Reach Remote 1 Uncrewed Surface Vessel (USV) entirely through remote operations - without a support vessel.The permit was issued by the Norwegian Maritime Authorities, with technical validation and support from DNV. Reach Remote 1 has already been in full commercial operation, and this permit initiates theā¦
Sea1 Offshore Finds Work for its PSV off Brazil
Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas.The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms.The start of operations is scheduled for the first quarter of 2026.Sea1 Atlas is a 4,700 dwt, 87.9-meter-long STX PSV 4700 vessels built in 2013.The total firm contract backlog for Sea1 Offshore is now $743 million, and $599 million in options, the company said.
Ship Recyclers Face Unpredictable Steel Plate Prices
In ship recycling, where even a day can make an incredible difference (the summer of circa 2006 when India lost about USD 100/Ton overnight due to a collapse in steel prices, for example), a week can certainly make a dramatic difference, says cash buyer GMS, especially given the turbulent nature of current times that global markets are enduring.āGoing through the checklist of key economic factors affecting the state of global ship recycling todayā¦
