Shipbuilding News

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…

Fincantieri Marine Group, the American subsidiary of one of the world’s largest shipbuilding groups Fincantieri, hosted an event in honor of the U.S. Navy and Marine Corps’ 250th anniversary on October 15 at the Army and Navy Club in the nation’s capital.The event featured remarks by George Moutafis, CEO of Fincantieri Marine Group, as well as a panel discussion moderated by Dr. Steven Wills of the Center for Maritime Strategy. The panelists included Brent Sadler of Heritage Foundation…

China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.The move, announced on Tuesday when the U.S. and China began charging additional port fees targeting each other's vessels, comes ahead of an expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping in late October to resolve…

A 26-metre research vessel designed by Incat Crowther for the Cape Fear Community College (CFCC) in Wilmington, North Carolina, is now under construction at Midship Marine’s Louisiana shipyard.The new vessel boasts a robust aluminium structure allowing it to be used by CFCC’s Marine Technology program for extended multi-day and week-long on-water research and education activities throughout the Cape Fear River system and up to 100 nautical miles offshore.Operational flexibility…

Seaspan Shipyards has awarded a contract to Elomatic Consulting, an international consulting and engineering company, to provide engineering and design support services for the Canadian Coast Guard’s Polar Icebreaker build contract.As one of the primary partners throughout the functional and production design phases of the Polar project, the award further strengthens Elomatic’s ongoing partnership with Seaspan.Under the contract, Elomatic will provide build design support, ensuring…

Subsea technology company Seatools has been awarded a contract by Jan De Nul for the design and delivery of a Fall Pipe ROV (FP-ROV) that will form a key system of the Belgian contractor’s recently ordered subsea rock installation vessel, the George W. Goethals.The ROV will play an essential role in the vessel’s mission to protect critical subsea infrastructure by enabling highly accurate and controlled rock placement around cables and foundations, safeguarding assets that underpin…

Japan’s NYK has signed a long-term time-charter agreement for a domestically built crew transfer vessel (CTV) with Oga Katagami Akita Offshore Green Energy, a joint venture established by JERA Nex bp Japan, Electric Power Development, Tohoku Electric Power, and Itochu Corporation.The 28-meter-long vessel will be constructed by Kosaba Shipbuilding in Kamaishi City, Iwate Prefecture, and will operate along the coasts of Oga, Katagami, and Akita, supporting Japan’s first offshore wind project in general sea areas.The design is based on a model operated by Northern Offshore Services (N-O-S)…

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 landing, navigation, communications and other mission-critical naval applications.

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 Thomson, CEO of Ferguson Marine…

On October 9, 2025, the Fratelli Cosulich Group launched Maya Cosulich — the world’s first methanol-powered IMO II chemical bunker tanker — 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). Fully compliant with the Maritime and Port Authority of Singapore’s (MPA) methanol bunkering standards…

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.“Going through the checklist of key economic factors affecting the state of global ship recycling today, while the world awaits inflation reports from India and the U.S.

Sanmar Shipyards celebrated the delivery of the RAmparts 2400SX-MKII design tug UT PATZCUARO to Americas operator Ultratug at a ceremony held at its Altinova Shipyard on October 6, 2025, following the completion of closing in Tuzla earlier the same day. The delivery marks the first tugboat built by Sanmar for Ultratug.The ceremony was attended by Cem Seven, Chairman, Ali Gürün, Vice Chairman & CEO, with members of Sanmar’s management and employees. From Ultratug, the delegation included Jan Vermeij…

There’s an obvious fuel saving advantage, but partnering energy storage systems with new fuels brings other advantages too.There’s a new generation of vessels emerging which is exemplified by Grimaldi’s PCTC Grande Shanghai, claimed to reduce fuel consumption by 50% compared to previous-generation car carriers, and the NCL Vestland, a container feeder vessel similarly claimed to reduce energy consumption per TEU per nautical mile by 63%.What these vessels have in common is a propulsion system that combines energy storage systems and new fuels.As Henrik Helgesen…

Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States.The contract - secured by Sembcorp Marine Rigs & Floaters in 2022, which is now known as Seatrium Energy (International) - was for the construction of a WTIV for Maersk Offshore Wind through its affiliate.Seatrium received the contract termination notice on October 9…

U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.The two leaders approved a memorandum of understanding on icebreaker cooperation that is intended to lay the foundation for commercial agreements between the U.S.

ExxonMobil is entering the LNG marine bunkering market, initially with two LNG bunker vessels, marking an important step in its efforts to help reduce greenhouse gas (GHG) emissions from the maritime sector.The first vessel, chartered from Avenir LNG, is scheduled for delivery in the first quarter of 2027, followed by a second vessel from Evalend Shipping in the fourth quarter of 2027.ExxonMobil is actively developing complementary supply solutions.ExxonMobil plans to expand its…

GTT has received an order from its partner the shipyard Hanwha Ocean for the tank design of a new LNG1 Carrier, on behalf of a North America-based ship-owner.The vessel will be equipped with cryogenic tanks designed by GTT for the transport of LNG, offering a total capacity of 174,000 m³. These tanks will incorporate the NO96 L03+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the second quarter of 2028.

Energy storage system (ESS) supplier Corvus Energy has secured a $60 million growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen.Founded in 2009, Corvus Energy has pioneered maritime ESS and today supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300 hybrid or all-electric ESS installations worldwide. This represents 1…

Second of Two Large Car Ferries Ordered by Shinnihonkai Ferry and Japan Railway Construction, Transport and Technology Agency Second ferries in Japan to use a buttock-flow stern hull and ducktail design, providing energy savings of 5%  Delivery scheduled for June 2026, planned to go into service between Otaru and MaizuruMitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, held a christening and launch ceremony on October 9 for the second of two large car ferries ordered by Shinnihonkai Ferry Co., Ltd.

The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas."While some observers believe the October 14 deadline may be extended - or even scrapped - as part of broader negotiations, the uncertainty has already unsettled carriers, adding another layer of geopolitical risk to fleet deployment strategies…

The maritime industry has long wrestled with the challenge of attracting and retaining skilled seafarers. But according to Eric Griffin, VP of Offshore Energy & Fishing, Maritime, at Inmarsat, one factor now sits firmly at the center of the conversation: seamless connectivity.On October 22, Maritime Reporter & Engineering News will host a webinar entilted Crewed Up or Crew Cut? Rethinking retention and recruitment at sea. Click here to register and to learn from vessel owners their own experience in utilizing connectivity for seafarer recruitment and retention.“Traditionally…

St. Johns Ship Building, a Jones Act shipyard and a subsidiary of Americraft Marine, has been awarded a new contract by Johnson Bros. Corporation, a Southland Company, for the construction of three 140’ x 40’ x 8’ steel material deck barges with spud wells.All fabrication and assembly work will be performed at St. Johns Ship Building’s Palatka, Florida facility. The project further accelerates the shipyard’s growth, following multiple recent vessel deliveries and new contract awards from both commercial and government customers.This contract also supports St.

Sanmar Shipyards, a leader in the construction of specialized tugboats, has announced the successful delivery of one of its Boğaçay Class tugboats to long-termreturning Italian customer, Rimorchitori Napoletani.The vessel, originally named BOĞAÇAY LXXX, was renamed GARGANO by its new owners. It is a diesel-powered multi-purpose tug designed for demanding operations, including ship-handling, coastal towing, escort, and general duties.Built at Sanmar’s shipyard in Türkiye, the tug is based on the RAmparts 2400SXMKII design…

Boston-based Blue Water Autonomy, a company designing and producing unmanned ships for the U.S. Navy, has formed an Advisory Board whose members include:• RADM (ret.) Tom Anderson, former Program Executive Officer, Ships (PEO Ships)• Stephen Rodriguez, Chairman of Blue Forge Alliance & dual-use investor• Michael Stewart, former Director, Navy Disruptive Capabilities Office and Unmanned Task Force• VADM (ret.) Roy Kitchener, former Commander, Naval Surface Forces Pacific"As we enter the next phase of growth…