US Imposes Sanctions Iranian Oil Shadow Fleet
The United States imposed sanctions on Thursday on 29 vessels and their management firms as Washington targeted Tehran's "shadow fleet", which it says exports Iranian petroleum and petroleum products.The targeted vessels and companies have transported hundreds of millions of dollars of the products through deceptive shipping practices, the U.S. Treasury said.The shadow fleet refers to ships that carry oil that is under sanctions.
Poland Allocates 3.4 GW Capacity in Offshore Wind Auction
Poland allocated 3.4 gigawatts (GW) of capacity in its first competitive offshore wind auction, the country's energy regulator URE said on Thursday, a boost for the renewable energy sector after setbacks in neighbouring markets.The auction was seen as a test of investor confidence in offshore wind, coming after U.S. President Donald Trump's opposition to renewables effectively froze the U.S. market and recent auctions in Denmarkā¦
Corvus Energy Secures Record Order for Seven Fully Electric CMAL Ferries
Corvus Energy, a provider of zero-emission energy solutions for the maritime industry, has received a record order from Remontowa Shipbuilding in Poland for the supply of battery systems for seven new fully electric ferries for Scottish Government owned Caledonian Maritime Assets Limited (CMAL) in Scotland.This marks the largest contract in Corvus Energyās history, measured in USD value, and represents a milestone in advancing cleanā¦
Nereida Energy to Supply Maritime Battery Systems for Fjord Ferries
Nereida Energy has signed its first contract to supply maritime battery systems with a total capacity of 17MWh to Frydenbø Elmarin. The systems will be installed on two ferries owned by Vestlandske Trafikk, which will be converted to electric propulsion for operation in the Geirangerfjord starting summer 2026. The Geirangerfjord is part of the UNESCO World Heritage Site, and from January 2026, strict requirements for zero-emission vessels will come into effect.
DOF Bags Multiple Vessel Deals with Petrobras in Brazil
Norwegian offshore supply vessel owner DOF Group has secured seven new contract extensions with Petrobras for its offshore support vessels (OSVs) in Brazil, valued over $160 million.Five of DOF's Brazilian-flagged anchor handling tug supply (AHTS) vessels, all with ROVs on board, including Skandi Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca and Skandi Iguaçu, have had their current contractsā¦
Oshima Bulk Carrier Design Earns ClassNK Approval for Alternative Fuels
Japanās ClassNK has issued an approval in principle (AiP) for a bulk carrier concept developed by Oshima Shipbuilding that is designed to be ready for multiple alternative fuels, including ammonia, methanol and liquefied natural gas (LNG), as well as onboard carbon capture and storage (OCCS).The approval confirms the technical feasibility of the vessel from a regulatory and safety perspective and reflectsā¦
Fuel Gas Supply Systems Launched for Next-gen Marine Engines
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) launched a new high-pressure fuel gas supply systems (FGSS) specifically designed to power the next generation of cleaner, more efficient ships with lower emissions and greater efficiency.Nikkiso CE&IGās innovation in FGSS is engineered to deliver and sustain pressures well beyond todayās standards of 380-420 bar, regardless of fuel sourceā¦
ESG Launches Escort Tug for Saltchuk
Eastern Shipbuilding Group (ESG) launched the first of the four Saltchuk escort tugs.āWe are proud to advance this important project for Saltchuk Marine and look forward to continued progress as we move toward delivering these high-quality escort tugs,ā said Joey DāIsernia, CEO of Eastern Shipbuilding Group, Inc. āThese four vessels set a new maritime standard that will positively impact the industry by meeting new rigorous environmental requirements.ā said Jason Childsā¦
Container Vessels: Return to Suez Canal Looms Large
"Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast ship demand growth of 2.5%-3.5% in both 2026 and 2027 while supply is estimated to grow 3% in 2026 and 3.5% in 2027,ā says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
VARD Forms Research and Innovation Partnership with NORCE
VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.The agreement encompasses topics such as design, construction, on board and underwater maintenance and drone technology for ships and subsea technology, with particular focus on the planned standardized vessels of the Norwegian Navy.
Cadeler Launches 11th Offshore Wind Installation Vessel in China (Video)
Danish offshore wind installation firm Cadeler has launched its Wind Ace wind turbine installation vessel (WTIV) newbuild at the COSCO Qidong yard in China.With the launching complete, Wind Ace has moved into the final construction phase, which entails installation of the remaining leg sections, the main crane, and the start of commissioning activities.According to Cadeler, Wind Ace A-Class WTIV will be delivered to the company in 2026ā¦
Ukrainian Drones Hit Tanker in Russia's Rostov Port
Ukrainian drones hit a tanker in the southern Russian port of Rostov-on-Don, killing and injuring a number of people and sparking a fire, the city's mayor was quoted as saying early on Thursday."Emergency teams are extinguishing the fire on the tanker that was struck while docked in a drone attack," Russian news agencies quoted Skriabin as saying."A leak of oil products was avoided.
Woodside's Meg OāNeill to Serve as Next CEO of BP
The bp Board has appointed Meg OāNeill as bpās next CEO effective April 1, 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply, trading & shipping of bp, will serve as interim CEO.O'Neill is the first CEO to be appointed by BP from outside of the company and the first female to lead any of the top five oil companies in the world.
ESAB Launches New Tracfinder Battery-Powered Welding Tractors, Cobot Welding System
To help metal fabricators improve productivity, quality and workforce needs, ESAB has launched its new Tracfinder Rail and Tracfinder Wheel series of battery-powered welding tractors and unveiled its newly branded ROBBI Mobile cobot welding system. ROBBI is now available with the Aristo Edge 500R power source and RoboFeed Edge robotic wire feeder, which offer next-generation capabilities. Compared to manual weldingā¦
Inocea Group Looks to Acquire Warship Builder GNYK
British defence, marine and industrial firm Inocea Group is in talks to buy warship builder German Naval Yards Kiel (GNYK), a person familiar with the matter said, highlighting growing demand for defence assets fuelled by geopolitical tensions.The interest suggests bidding competition for GNYK, given the CEO of Germany's TKMS said last week the world's largest maker of non-nuclear submarines was consideringā¦
PDVSA Resumes Oil Cargo Deliveries After Cyberattack
Venezuela's state-run oil company PDVSA on Wednesday was resuming oil cargo deliveries at its terminals following a cyberattack that affected its centralized administrative systems, according to the company and sources.PDVSA, which is grappling with the U.S. announcement on Tuesday of a blockade of all sanctioned tankers approaching or planning to leave Venezuelan waters, was able to isolate oilfieldsā¦
US Government Takes Another Look at Virginia Offshore Wind Project
The Trump administration is reviewing whether to send the Interior Department's Biden-era approval of a Virginia offshore wind project back to the agency for reconsideration, according to a court document filed on Wednesday.The agency is conducting a review of offshore wind leases to comply with Interior Secretary Doug Burgum's July order to end preferential treatment for wind and solar projects, it said in a filing in U.S.
Clippership Completes Autonomous Wind-Powered Vessel Design to be Built by KM Yachtbuilders
Clippership, a company developing autonomous wind powered ships, announced it has completed the design of its first 24-meter class vessel, and executed a construction contract for the first cargo vessel with Dutch shipyard KM Yachtbuilders.The 24-meter class features twin, foldable rigid wings for primary wind propulsion and is designed for open-ocean autonomy. The vessel has a cargo capacity of up to 75 Euro-pallets within its climate-controlled cargo hold.
Damen Delivers New Tugs to Fairplay Towage Group and Louis Meyer
On November 21, Damen Shipyards Group delivered three new tugs, consisting of an RSD Tug 2513 named Fairplay-98, and two ASD Tugs 2312 named Fairplay-86 and Fairplay-87. The RSD Tugs 2513 and one ASD Tug 2312 have been delivered direct to the Fairplay Towage Group, while the other ASD Tug 2312 was delivered to Neue Schleppdampfschiffsreederei Louis Meyer GmbH & Co. KG. This vessel has also joined the Fairplay Towage fleet on a long-term bareboat charter.
Incat Crowther's Spirit of Mulgumpin Tour Vessel Enters Service in Australia
Spirit of Mulgumpin, a customized 22-meter tour vessel Incat Crowther has designed for The Tour Collectiveās See Moreton business has entered service supporting See Moretonās operations in the Moreton Bay Marine Park in Queensland, AustraliaNamed in honor of the local Indigenous name for Moreton Island ā āMulgumpinā ā Spirit of Mulgumpin has been designed to support the unique schedule and operationalā¦
