Shipbuilding News

On October 28, 2025 U.S. Senator Dan Sullivan (R-Alaska), Chairman of the Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Coast Guard, Maritime, and Fisheries, convened the Senate hearing “Sea Change: Reviving Commercial Shipbuilding”. This hearing examined how to modernize and accelerate U.S. commercial shipbuilding while strengthening a larger maritime industrial base.Senator Sullivan opened with a statement that included: “Our nation faces a critical strategic challenge as foreign competitors…

A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled.

As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of…

Economic turmoil is causing inflation to keep rising at key ship recycling destinations, says cash buyer GMS. Global steel prices are collapsing, currencies are devaluing, and a disjointed ratio of trading units versus recycling volumes, are all wrapped up in a 2025 burrito of unnecessary bombastic.“As sanctions and bans increasingly strike at the world’s trading units and the balance of the legally trading group seems increasingly burdened with shouldering the load of missing tonnage, which itself cannot even be recycled anywhere, it is certainly starting to show at the waterfront once again.

CALCAREA Inc. and AURELIA Design B.V. entered into a collaboration to bring ocean-based carbon capture technology to the maritime sector. The partnership combines CALCAREA’s unique carbon removal process with AURELIA’s experience in green ship design and e-systems integration.At the heart of the collaboration is CALCAREA’s limestone weathering technology — a system that accelerates a natural process where carbon dioxide (CO₂) reacts with limestone and seawater, transforming it into stable bicarbonates safely stored in the ocean.

A new series of six General Cargo vessels being built by Ferus Smit in the Netherlands for Irish ship operator Arklow Shipping will sport EST-Floattech's Octopus Lite battery system. EST-Floattech designed the system to fit the sailing profile of the vessels, a close collaboration with the yard and owner designed to provide both technology and efficiency gains.The new series of 11,000 DWT general cargo vessels represents another successful chapter in the ongoing collaboration between Ferus Smit and Arklow Shipping.The battery systems will support several onboard functions…

Fincantieri has secured a new order for the construction of an ultra-luxury cruise ship for Norwegian Cruise Line Holdings (NCLH), which will be operated by its subsidiary Regent Seven Seas Cruises.Scheduled for delivery in 2033, the new vessel will be a sister ship to Seven Seas Prestige, the first of the new Prestige Class, currently under construction at the Marghera shipyard and set for delivery in 2026. A second ship in the same class is already scheduled for delivery in 2030.The agreement…

Increased sanctions (enforcement), resilient oil demand, partly due to stock building in China, and growing OPEC+ supply have all contributed to create a rate environment we have not seen since the freight rate boom in the early days of the pandemic, says Poten & Partners in an opinion this week.Very limited fleet supply growth in 2024 and 2025 has also contributed.“A tightening supply-demand balance has made the freight market more susceptible to small changes in ton-mile demand.

Cleaner-fuel burning ships accounted for 37% of cargo vessel orders in the first 10 months of 2025, unchanged from the year-ago period, as buyers were uncertain about when global rules for cutting maritime emissions will take effect, data from shipping consultancy AXSMarine showed.Overall gross tonnage (GT), an industry measure for vessel capacity, totaled 78 million from January through October, down from 113 million from the year-ago period, AXSMarine data showed.Orders for all of 2024 surged to a 17-year high after ships were rerouted to avoid Houthi rebel attacks in the Red Sea…

The Governor of the Bank of England, Andrew Bailey, visited Navantia UK’s Appledore shipyard to view the contribution of the defense and maritime industry to the regional economy. The Bank’s policymakers regularly visit and speak to businesses across the UK, including the South West. These visits help them gain valuable insight as to how local businesses are performing in the current economic circumstances, and contribute to their wider perspective and understanding as to how the economy in the UK as whole is performing.

Freire Shipyard held in Vigo the keel-laying ceremony for the new Diver Support Vessel (NC 739) for the Spanish Navy. Delivery is scheduled for November 2026.The Diver Support Vessel (EAB) will be a specialized platform designed to assist the Navy’s Diving School (EMB) in the training of all diving disciplines. To this end, the new unit will be equipped with systems such as DP-2 dynamic positioning, a hyperbaric chamber and a wet bell, enabling it to carry out deep diving operations…

The commissioning of China's latest aircraft carrier this week marks a new chapter in its military modernisation effort but security analysts and regional diplomats say tough challenges lie ahead before it can be made fully operational.President Xi Jinping attended the commissioning and flag-presenting ceremony of the Fujian in Hainan province on Wednesday, and boarded the vessel for an inspection tour, the official Xinhua news agency reported on Friday.The Fujian is China's third aircraft carrier…

A new liquefied natural gas (LNG) carrier, Elisa Halcyon, ordered by France LNG Shipping SAS from Hyundai Samho Heavy Industries in Korea, was completed and delivered on October 31. The vessel will be chartered on a long-term basis (up to 20 years) to EDF LNG Shipping SAS for LNG transportation under the ship management of Gazocean.Elisa Halcyon is equipped with a WinGD-manufactured dual-fuel slow-speed diesel engine capable of operating on fuel oil and boil-off gas (natural gas vaporized during transport).

The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensions.The U.S. Trade Representative's office said in a Federal Register notice that it would pause for a year starting November 10 all punitive actions against China resulting from its "Section 301" unfair trade practices investigation.

At a ceremony at Halifax Shipyard, the Canadian Coast Guard and Irving Shipbuilding have marked the official keel laying of the eighth and final Arctic and Offshore Patrol Ship (AOPS) – the future CCGS Sermilik.Today’s ceremony included the tradition of welding a coin to the hull of the ship to bring luck to the captain and crew during the life of the ship.The future CCGS Sermilik is named after the Sermilik Glacier, located in Sirmilik National Park in Nunavut.Under the National Shipbuilding Strategy (NSS)…

Business Korea reports that two tankers built at domestic Korean yard K Shipbuilding will be delivered under the U.S. flag and able to trade within the US.Construction will begin on the two 50,000dwt medium range tankers early next year for delivery in 2027.They will transport crude oil and LNG after Greek shipping company Stealthgas transferred the order to its U.S. subsidiary, reports Business Korea, citing sources. Construction will be supervised by ABS.More companies are expected to follow suit.

Scorpio Tankers has entered into agreements to sell four of its 2014 built MR product tankers and has agreed to purchase four MR newbuilding resales with deliveries in 2026 and 2027.The four 2014 built scrubber-fitted MR product tankers, STI Battery, STI Venere, STI Milwaukee and STI Yorkville, are being sold for $32.0 million per vessel. The sales are expected to close within the first quarter of 2026. These vessels are financed on the company’s 2023 $225.0 Million Revolving…

After delivering its first full-scale seagoing project last week, Wattlab has been contracted to outfit the hatches of the BRF Froan with its onboard solar energy system.Owned by Norwegian shipping company Berge Rederi, the vessel will be the world’s largest battery-powered bulk carrier. BRF Froan is expected to be delivered in Q2 2026 and will transport marble from Brønnøy and Visnes to a production plant in Elnesvågen.The vessel is currently under construction and will sail to Norway next summer.

The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing.His remarks come after U.S. President Donald Trump wrote on social media last week that he had given approval for South Korea to build a nuclear-powered submarine and that it would be built in the Philadelphia shipyard.Trump posted the comment on his Truth Social platform after South Korea's President Lee Jae Myung asked him during a summit to let his country…

Damen Shipyards Group unveiled the latest platform in its cargo vessels portfolio: the Combi Freighter (CF) 5000 ICE, the first in a new series of ice class cargo vessels.“Our aim has been to leverage the experience and the success we’ve enjoyed with our next generation cargo vessels to create a platform capable of economic ice navigation," said Remko Bouma, Commercial Director of Damen Cargo Vessels. "The CF 5000 is equally at home in open water and in ice, maintaining both the optimal cargo capacity and high efficiency of the conventional vessel.

A group of Japanese organizations have launched an R&D project to build a comprehensive simulation platform and demonstrate its application in shipbuilding.The initiative is designed to enable the rapid development and delivery of high-performance next-generation ships. The project will build an “integrated simulation platform” that models the entire lifecycle of ship design, construction, and operation —including the supply chain. This comprehensive approach aims to optimize ship specifications and construction plans by integrating virtual engineering into the design process.Furthermore…

ABS and Korean Agency for Technology and Standards (KATS) signed a memorandum of understanding (MOU) to explore the international standardization of smart ship and shipyard technologies related to shipbuilding and ship maintenance, repair and overhaul.Through a series of joint workshops and seminars, the organizations will exchange information to strengthen international standardization capabilities and streamline certification procedures for Korean equipment manufacturers. The…

Finland-based Bluetech has partnered with NYSE-listed INSW to develop Bluetech’s new ‘SeaWasp’ tanker vessel design, purpose-designed for wind but still practical for INSW MR fleet operations.With the support of wind-propulsion specialist Norsepower, Bluetech modified its BT50 design to extract maximum forward thrust from two 35-metre Rotor Sails. This resulted in a total savings of up to 876kW of propulsion power on one representative INSW MR tanker route from San Francisco to…

ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which is expected to be delivered to the Canadian Coast Guard by 2030.Polar Max will be constructed through an industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada. The 22,800-ton, 138.5-meter vessel is the first shipbuilding project at Helsinki Shipyard under the ownership of Davie, the Quebec-based international shipbuilder.

The Great Lakes Towing Company and Great Lakes Shipyard have promoted Gregg Thauvette and Thomas Rigolo, two long-time leaders whose commitment and expertise have been key to the companies’ continued success.Gregg Thauvette has been promoted to Executive Vice President to President of The Great Lakes Towing Company, where he will continue to oversee all harbor towing and fleet operations across more than 40 U.S. ports throughout the Great Lakes.With decades of maritime experience, Thauvette has been a driving force behind the Towing Company’s continued success and growth.

Stena Line strengthened its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.“It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important regions and cities, Umeå and Vaasa,” says Niclas Mårtensson, CEO of Stena Line.The only existing ferry connection between Umeå and Vaasa is jointly owned by the two cities through the 50/50-owned company Kvarken Link…

Expansion into Harbor Tug sector helps Master Boat Builders nearly double in size, from 200 to 400 employees building eight to nine vessels per year, and the prospect of a new drydock plus additional partnerships and government construction contracts promises to power the company forward further, faster. Garrett Rice, President, Master Boat Builders, discussed the impetus for the company’s growth, and the growth in U.S. shipbuilding overall since the start of 2025 when President…

HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control, submarine ship’s safety and sea trial coordination. He currently serves as director of nuclear test engineering. Taylor holds a bachelor’s degree in nuclear engineering from Excelsior College and an MBA from Strayer University.“Tim’s extensive experience in waterfront operations will serve our team well…

Austal Australia has received Approval in Principle (AiP) from classification society DNV, for their Autonomous and Remotely Operated Ships (AROS) Platform Controller.The AROS Controller, designed and developed by Austal at Henderson, Western Australia, is a safety control system that provides a standardised and managed interface between the vessel’s complex engineering systems and the navigational autonomy system. Managing the transfer of information in both directions, constantly checking system health…

ABS and Siemens Digital Industries Software (DISW) have signed a memorandum of understanding to accelerate the digital transformation of maritime classification processes across ship design and construction.The collaboration will also advance product lifecycle management (PLM) technology to enhance efficiency, data integrity and regulatory compliance throughout the vessel life cycle.The MoU establishes a framework for both organizations to collaborate on projects such as class rule application during 3D design…

On October 7, Damen Shipyards Group delivered its latest Combi Freighter (CF) 3850 to family owned German shipping company Reederei Gerdes. The delivery of the vessel, named Holger G, took place during a ceremony at the Bason Shipyard in Vietnam. The vessel is named Holger G. Damen’s CF 3850 represents the latest generation in the shipbuilder’s cargo vessel portfolio. The vessel design has been optimized for modern operations and features optimal efficiency and maximum cargo capacity.

There hasn’t been an invasives species introduced to the Great Lakes from ballast water since 2006. So, what’s the problem now?As far as Transport Canada is concerned: “Scientific sampling to date consistently shows that ballast water management systems (BWMS) used in the Great Lakes reduce organism densities in ballast water discharges by over 99%, consistent with global evidence. As crews gain experience in operating these systems, performance continues to improve, contributing to the ongoing protection of Canada’s waters from invasive species.”  However…

We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own. This despite the fact the domestic operators and builders have proven to be the strongest…

Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland shipping companies, for the extensive refit of a dry cargo vessel Hirschhorn. The vessel recently arrived at the Concordia Damen yard in Werkendam, where the transformation project has now started. The refit involves the complete renewal of the aft ship. Originally equipped with a single engine, single propeller shaft and an outdated living and wheelhouse arrangement, the vessel will undergo a transformation at Concordia Damen’s yard in Werkendam.

Damen Shiprepair Brest has just marked the conclusion of its 50th cruise ship project since becoming part of the Damen Shipyards Group in 2012. The Brest yard, home to one of Europe’s largest docks and strategically located near the English Channel, is at the forefront of sustainable change delivering green refits for cruise ships. Through its work, the yard enables customers to benefit from enhanced efficiency, reduced emissions, and extended vessel lifespans.Recently, Damen…

Digital Dry-Docking: Tidewater Sees 60% Time Savings Using UniSea’s Maindeck AppTidewater is redefining how vessel dry-dockings are managed, estimating up to a 60% reduction in project time after deploying UniSea’s Maindeck digital platform during the recent yard stay of the Highland Prestige at Dales Marine Services in Aberdeen.According to Chris Tundogan, Assistant Operations Superintendent at Tidewater, the Maindeck app has “revolutionized” the way dry-docking projects are planned and executed…

The Baltic Exchange’s Dry Index declined in October, and the slowdown is increasingly presenting itself via tonnages of various sizes and types across the Indian sub-continent ship recycling landscape, says cash buyer GMS.This is especially the case in India where despite the lowest prices in the region, Alang continues to report an eye-popping number of occasional arrivals. And yet, the glut of tonnage sailing the high seas remains disproportionately ratioed against the number of units recycled over the last several years…

HD Hyundai is partnering with Germany's Siemens to accelerate the digital transformation and modernization of the U.S. shipbuilding industry.HD Hyundai and Siemens recently signed a Memorandum of Understanding (MoU) that aims to enhance the overall competitiveness of the US shipbuilding industry by improving design quality, minimizing production risks, enhancing quality, and reducing costs.The partnership will drive gradual technological innovation across the shipbuilding sector by advancing the digitalization of ship design…

A.P. Moller – Maersk is reinforcing its long-term commitment to India's maritime sector and is intending to significantly expand its operational footprint in the country through port infrastructure investments, vessel reflagging, and enhanced local partnerships across the maritime value chain.APM Terminals Pipavav (Gujarat Pipavav Port Limited), part of A.P. Moller - Maersk, signed a Memorandum of Understanding with Gujarat Maritime Board outlining a proposed expansion with an investment scope of $2 billion.Subject to a long-term concession agreement with Indian authorities…

Four Hanwha Group companies — Hanwha Power Systems, Hanwha Ocean, Hanwha Aerospace, and Hanwha Systems — signed a memorandum of understanding (MoU) with shipping company HMM and Korean Register (KR) to jointly develop and demonstrate next-generation carbon-free ship propulsion systems.The partners will jointly conduct concept design for next-generation propulsion systems — including an integrated solution combining an ammonia-based gas turbine and fuel cells for 7,000–8,000 TEU-class container vessels…

Maritime industry leaders explored the opportunities and critical challenges in the revitalization of U.S. shipbuilding and maritime infrastructure at the ABS North America Regional Committee Meeting.The committee heard from ABS specialists on key regulatory, technology and market factors driving a wave of change for the global industry, making training to upskill seafarers in dynamic fuels, digital systems and energy efficiency technologies more important than ever.Christopher J.

Carpentaria Marine Services, a marine services provider in northern Australia, is expanding its fleet after commissioning Incat Crowther to design a new multi-purpose offshore support vessel.Construction of the vessel, which will be deployed across northern and eastern Australia including Cape York and the Gulf of Carpentaria, is now underway at Richardson Devine Marine’s shipyard in Hobart, Australia.The new vessel will be utilized by Carpentaria Marine for a range of services including marine construction, dive operations, underwater surveying and remotely operated vehicle operations.

Svitzer has signed a Letter of Intent (LoI) with Cochin Shipyard to construct a new generation of electric TRAnsverse tugs in India.The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub.Under the LoI, Svitzer and Cochin Shipyard will collaborate on plans to build electrical TRAnsverse tugboats at Cochin Shipyard yard facilities in India.The collaboration will combine Svitzer’s global…

Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book was filled with a record USD$6.83 billion (5.9 billion euros) in new orders, rising to USD$12 billion (10.4 billion euros). In 2024, Damen delivered no fewer than 146 new vessels to clients. This included the Volta 1 and the Bu Tinah. The former is Europe's first fully electric tug, which has been put into service by the Port of Antwerp-Bruges in Belgium.

"We estimate that the dry bulk supply/demand balance will strengthen slightly in 2025 and gradually weaken in 2026 and 2027. Cargo demand growth is slowing, as coal shipments decline and iron ore shipments stagnate,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Coal shipments are forecast to decline 4.9% between 2025 and 2027. Demand is falling as electricity generation from renewable sources continues to expand, particularly in China, Europe and India. Furthermore…

Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) have signed an Agreement of Heads of Terms to evaluate and develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Cochin, Kerala.The MoU was exchanged in the august presence of the Union Minister of Ports, Shipping and Waterways (MoPSW), Shri Sarbananda Sonowal and H.E. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, between Captain Rado Anotolovic…

The construction of Captain Arctic, a 69-meter near-zero-emission exploration vessel designed for sustainable cruising in polar waters, has reached a major milestone as its hull was completed by Goltens Dubai, marking the start of final outfitting and integration work.The vessel, owned by French company SELAR and built in collaboration with Chantier Naval de l’Océan Indien (CNOI) and Goltens Dubai, represents a major step in the integration of renewable energy systems into modern…

Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967. Upon graduation, Fred was commissioned in the U.S. Naval Reserve with the obligation of sailing in the U.S. Merchant Marine. In the Merchant Marine, Fred sailed on various U.S.

Royal IHC and Floorganise B.V. have expanded their partnership to establish the conditions for digital supply chain collaboration within the Dutch shipbuilding ecosystem. This collaboration aligns with the Dutch Maritime Masterplan and contributes to accelerating the renewal of the national fleet.With Floorganise as the technology partner and the implementation of the Floor2Plan platform, digital collaboration across the supply chain is firmly embedded. The platform delivers real-time visibility into workload…

Arguably there are no two names more closely related to Pilot Boat design and construction in the United States than Gladding-Hearn Shipbuilding and Ray Hunt Designs. Together the dynamic duo has designed and built more than 80 vessels – not to mention a vibrant refurbish and repair operation – design and building for pilot organizations around the country. In a recent episode of Maritime Matters: The MarineLink Podcast, a trio of executives: Peter Duclos, President, Gladding-Hearn Shipbuilding…

Seatrium has secured a series of repair and upgrade contracts worth an aggregate of about S$170 million ($131 million). All works are slated for completion by the first quarter of 2026.Seatrium continues to reinforce Singapore’s status as a premier hub for cruise ship upgrades and retrofits. Leveraging its high-quality workmanship and engineering capabilities, the Group attracts a high proportion of repeat business and has been a trusted partner for various major global cruise ship operators.

Rolls-Royce has successfully tested the world’s first high-speed marine engine powered exclusively by methanol on its test bench in Friedrichshafen.Together with their partners in the meOHmare research project, Rolls-Royce says its engineers have thus reached an important milestone on the road to climate-neutral and environmentally friendly propulsion solutions for shipping.The joint project meOHmare is funded by the German Federal Ministry for Economic Affairs and Energy and combines the expertise of Rolls-Royce…

ABS and the Korea Research Institute of Ships & Ocean Engineering (KRISO) signed a memorandum of understanding (MOU) to cooperate on the application of small modular reactors (SMRs) in the marine and offshore sectors.The agreement establishes a framework for both organizations to exchange information and engage in joint research projects related to concept designs for an SMR-powered ship and a floating SMR power generation platform. Among the objectives are identifying and developing applicable regulatory guidelines and international standards.“Nuclear energy offers unmatched energy density…

On October 23, Damen Shipyards Group delivered an ASD Tug 2111 to WUZ Port and Maritime Services in the Port of Rotterdam. The vessel Argo is the eighth Damen tug to set sail in the WUZ Port and Maritime Services fleet. The company is growing its fleet in order to support the development of the Port of Gdansk, Poland. As a result of this expansion over the years the company has become Poland’s largest towage company and now operates eighteen vessels and a range of different Damen tug models.The ASD 2111 is one of the latest models in Damen’s Compact Tugs series.

VIKING Life-Saving Equipment, a maritime safety solutions specialist and supplier of high-performance boats, has signed a contract with the Norwegian Customs Service (Tolletaten) to deliver a new fleet of cutting-edge patrol and fast response craft.The new boats will strengthen Tolletaten’s maritime capabilities and support its law enforcement and inspection duties in Norwegian waters.The agreement covers the delivery of four VIKING Norsafe boats including one Marathon S-900, powered by twin 350 HP Mercury engines…

Malaysia’s MISC Group and its consortium partners NYK, K-Line, and China LNG Shipping (Holdings) have taken delivery of two new-generation liquefied natural gas (LNG) carriers, the Mihzem and Idd Al Shargi, marking another milestone in QatarEnergy’s LNG fleet expansion program.Built by Hudong-Zhonghua Shipbuilding, the two carriers are the fifth and sixth vessels in the consortium’s 12-vessel series and the first to be managed by MISC’s Marine Services arm. The delivery underscores…

Global markets seemed to take a breather this week as things turned slow across the board once again, not only on the shipping side but even the ship recycling side of things, reports cash buyer GMS.Currencies fluctuated in moderate tandem, local steel plate prices made surprisingly marginal moves, all while the Baltic Exchange Dry Index (BDI) slipped and oil steadied itself. The BDI reported a declining week that shaved off about 3.2% last week, dropping to its lowest levels since early October as the Cape index took the lead shaving off over 6% of its value…

On October 22, the port of Shanghai hosted a ceremony for the official naming and delivery of the Grimaldi Group’s latest vessel, the Grande Melbourne.This is the third of a series of seven cutting-edge, ammonia-ready pure car and truck carriers (PCTC) commissioned at Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), both subsidiaries of CSSC.With a length of 200 meters, a beam of 38 meters, and a gross tonnage of approximately 77…

HII’s Ingalls Shipbuilding division successfully completed the second builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128), building on the success of the initial trials conducted at the end of September.The Arleigh Burke-class (DDG 51) destroyer spent multiple days in the Gulf of America testing the ship’s main propulsion, combat systems, and other critical systems in preparation for the future acceptance trials.During the trials, the Ingalls and Navy team completed additional hull, mechanical, electrical and combat systems tests.

South Korea's HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S. navy auxiliary ships, the South Korean shipbuilder said on Sunday.HHI has a strong track record in this field, having delivered its first auxiliary vessel, HMNZS Endeavour, to New Zealand in 1987, followed by the HMNZS Aotearoa in 2020. The company has also supplied the Republic of Korea Navy with three Cheonji-class and one Soyang-class auxiliary ships.Leveraging HII’s complex shipbuilding experience and HHI’s expertise with proven designs…

HII’s Ingalls Shipbuilding authenticated the keel today of Arleigh Burke-class guided missile destroyer Thad Cochran (DDG 135). The ship honors Thad Cochran, a Navy veteran and former U.S. senator who represented Mississippi from 1978 to 2018. Ceremony attendees included Cochran’s wife and ship sponsor Kay Webber Bowen Cochran and Ingalls shipbuilders.Thad Cochran was an unwavering supporter of the U.S. military. Throughout Cochran’s career, he championed critical national security priorities…

Researchers from Australia’s University of Queensland have made a microscopic “ocean” on a silicon chip to miniaturise the study of wave dynamics.The device, made at UQ’s School of Mathematics and Physics, uses a layer of superfluid helium only a few millionths of a millimetre thick on a chip smaller than a grain of rice.Dr Christopher Baker said it was the world’s smallest wave tank, with the quantum properties of superfluid helium allowing it to flow without resistance, unlike classical fluids such as water…

No civilian maritime nuclear facilities have been commissioned in over four decades, but there’s been three major reports released this month on their future potential.DNV’s latest report, Maritime nuclear propulsion: Technologies, commercial viability, and regulatory challenges for nuclear-powered vessels, provides a regulatory perspective on security, one of the key challenges for future adoption. As it says: Safety, security and non-proliferation remain paramount. Future installations must be designed to withstand collisions, groundings, and external threats such as sabotage or piracy.

A new “Nuclear Ship Safety Handbook” by the MIT Maritime Consortium aims to set the standard for safe maritime nuclear propulsion.Using research data and standards, combined with operational experiences during civilian maritime nuclear operations, the handbook provides unique insights into potential issues and resolutions in the design efficacy of maritime nuclear operations, a topic of growing importance on the national and international stage.The handbook, which is divided into…

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Tokyo, held a christening and launch ceremony for the WAKASHIO MARU, a training ship for National Institute of Technology, Toyama College (NIT, Toyama College). The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The handover is scheduled for March 2026, following completion of interior work and sea trials. The new vessel will go into service providing practical training in ocean navigation…

Classification society DNV has awarded HD Korea Shipbuilding & Offshore Engineering (HD KSOE) an Approval in Principle (AiP) for a new 15,000 TEU container vessel design powered by Small Modular Reactor (SMR) technology.The design demonstrates the application of SMR technology in a 15,000 TEU container vessel, capable of operating at 24 knots.The vessel concept incorporates a supercritical CO2-based power generation system, which can provide higher thermal efficiency and a reduced…

Seaspan Shipyards has entered into a contract with Ideal Welders for the fabrication of 30 blocks of the new heavy Polar Icebreaker that Seaspan is building for the Canadian Coast Guard.Seaspan and Ideal Welders have had a long-standing, successful partnership — Ideal Welders has constructed many components of the ships Seaspan has built, including the bulbous bows of both Joint Support Ships, HMCS Protecteur and HMCS Preserver.Seaspan cut steel on the new Polar Icebreaker in April 2025.

ST Engineering has launched the Republic of Singapore Navy (RSN)'s first Victory-class Multi-Role Combat Vessel (MRCV), Victory, at its Benoi Yard.MRCV Victory is the first of six MRCVs to be built by ST Engineering under a detailed design and construction contract awarded by the Ministry of Defence (MINDEF) in 2023.Measuring 150 metres in length, the MRCV is designed to serve as a “mothership” for unmanned systems, enabling seamless operability across air, surface, and subsurface domains.

U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments.The impact represents an unintended consequence of Trump’s policy on the offshore wind industry, which has included stop-work orders and permit reviews for massive projects…

Belgian marine contractor Jan De Nul has launched its newest cable laying vessel (CLV), the Fleeming Jenkin, at the CMHI Haimen shipyard in China, which has now entered the final phase of construction ahead of delivery planned for second half of 2026.The 215-meter-long vessel has a loading capacity of 28,000 tonnes, making it the world’s largest of its kind.Jan De Nul will use the vessel to install subsea cables for the transmission of renewable energy, as the Fleeming Jenkin was specifically designed to install longer and heavier cables in ultra-deep waters up to 3…

Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally intended for Equinor’s Empire Wind 1 project in the United States.The arbitration notice, received on October 21, comes just one day after Seatrium Energy (International) (SEI), a subsidiary of Seatrium, informed the buyer that the vessel would be ready for delivery by January 30…

St. Johns Ship Building (SJSB), a subsidiary of Americraft Marine Group, announced the receipt and commissioning of a new 100-ton Link-Belt rough terrain crane, acquired through funding provided by the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program.The Link-Belt 100|RT is fabricated and assembled in Lexington, Kentucky, U.S.A. This heavy-lift crane expands the shipyard’s material-handling and modular assembly capabilities, supporting a growing backlog of both commercial and government vessel programs.The 100|RT crane features a five-section…

Dutch offshore equipment supplier SMST has secured a new contract from Norwegian shipbuilder Vard for the delivery of two sets of mission equipment to be installed on an additional two of North Star’s newbuild Service Operation Vessels (SOVs).These vessels are part of a long-term charter agreement between shipowner and operator North Star and energy company RWE.SMST previously supplied similar equipment for the first two CSOVs, the Grampian Eagle and Grampian Kestrel, which are also set to operate for RWE.RWE…

The delivery of the next-generation construction support vessel (CSV), under construction at Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas, has been delayed for later in 2026.The delivery of the CSV, which will feature a battery hybrid system and be capable of operating on methanol, has been rescheduled from early 2026 to the third quarter of the same year.The vessel, named Viking Vigor, will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1%.The newbuild will be equipped to perform inspection, maintenance and repair (

HD Hyundai’s Executive Vice Chairman Chung Kisun has been promoted to Chairman.Chung holds a bachelor's degree in Economics from Yonsei University and an MBA from Stanford University in the United States. He began his career in 2009 in the Finance Team of the Corporate Planning Division at HD Hyundai Heavy Industries. Since then, he has served as Head of Management Support at HD Hyundai, Head of Ship Sales at HD Hyundai Heavy Industries, and CEO of HD Hyundai Marine Solution.He currently serves as CEO of HD Hyundai…

HII hosted leaders from HD Hyundai Heavy Industries (HHI) at the company’s Ingalls Shipbuilding division this month for a three-day engagement to advance joint goals of the memorandum of understanding signed by the two companies in April. During the visit, leaders from HII and HHI exchanged insights on shipbuilding technology and manufacturing processes, discussing both commercial and military shipbuilding opportunities.During the visit, the group toured the shipyard and observed the robotic technologies and other modern production capabilities being utilized by Ingalls.

The Houston Ship Channel is one of the nation’s busiest and most vibrant shipping lanes, a key corridor for energy and chemicals. Keeping operations running smoothly involves the Houston Pilots, facilitating more than 20,000 vessel assists each year. Clint Winegar, Presiding Officer, Houston Pilots, discusses the organization in the round, explaining how the Houston operation remains one of three in the country that still utilizes station boat. With Maritime Reporter TV he breaks down the idiosyncrasies of the operations…

Two new aluminum high-speed Ro-Pax ferries designed by Incat Crowther for the Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport in Abu Dhabi, have successfully completed sea trials and are now operating on the ~42-kilometer route between Dalma Island and Jebel Dhannah on the UAE mainland.The new 56-meter vessels, Jazirat Dalma and Al Dhannah, built by Singapore based Penguin International Limited in Batam, Indonesia, can transport up to 192 passengers and 25 vehicles at speeds of up to 39 knots.

ClassNK has added Japan's first hydrogen-fueled tugboat TEN-OH to its register, which is built by TSUNEISHI SHIPBUILDING Co., Ltd.This vessel was developed and build under the 'Nippon Foundation Zero Emission Ships Project', a grant program by The Nippon Foundation aimed at developing ships with zero CO2 emissions.Based on discussions among the parties involved during the planning stage of the vessel, ClassNK reviewed the safety requirements and countermeasures for hydrogen-fueled…

China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday.Beijing announced the sanctions on Tuesday as the U.S. and China began charging additional port fees on each other's vessels, in the latest exchange in a protracted trade war ahead of a planned meeting of the two countries' leaders.South…

Tsuneishi Shipbuilding has delivered Ten-Oh, Japan’s first tugboat equipped with a hydrogen-powered internal combustion engine.The 38-meter tugboat is equipped with a BeHydro high-output hydrogen dual-fuel engine and a high-pressure hydrogen gas storage system with large-capacity and supply system, supplied by JPNH2YDRO — a joint venture between Tsuneishi Group and CMB.TECH.The vessel was developed and built under The Nippon Foundation’s Zero Emission Ships Project which aims…

Belgium-based offshore installation services company DEME has taken delivery of its new wind turbine installation vessel (WTIV) Norse Wind at the CIMC Raffles Shipyard.Designed to install the next generation of offshore wind turbines, the vessel combines advanced technology and sustainable design features to offer enhanced installation capability.Built by CIMC Raffles and designed by GustoMSC, Norse Wind is equipped to install turbines with rotor diameters of more than 300 meters and XXL monopiles weighing up to 3…

South Korea’s largest shipping company HMM has ordered 12 new 13,000 TEU-class eco-friendly container ships from Korean shipbuilders, as well as two very large container ships, for a total of $2.82 billion.The 12 containerships will be built by HD Hyundai Heavy Industries and Hanwha Ocean, and all of them will be LNG-fueled vessels, HMM said.The details for the other two very large containerships, reportedly ordered by the company, have not been disclosed.According to the company…