Meyer Werft Establishes Organizational, Legal Framework for Offshore Converter Business
MEYER WERFT is establishing the organizational and legal framework for the successful development of its offshore converter business. To this end, all activities in this new business segment of the Group will be consolidated in the coming weeks into a separate company, NEPTUN Offshore GmbH & Co. KG. This company will also hold the 50 percent stake in the Rostock-based joint venture NEPTUN SMULDERS…
Kunal Pathak Appointed as VP of Strategic Partnerships at ShipIn Systems
ShipIn Systems, a provider of AI-powered maritime risk intelligence, announced the appointment of Kunal Pathak as Vice President of Strategic Partnerships. In this role, Mr Pathak will lead the company's engagement with marine insurers, P&I clubs, charterers, and other industry stakeholders. A former Master Mariner with more than 12 years at sea, Mr Pathak previously served as Senior Adviser at Gard, a marine insurer.
Atlas Copco Gas and Process Expands Facilities in South Korea, New York
Atlas Copco Gas and Process has reached two milestones this autumn by expanding its production operations in South Korea and North America. Atlas Copco Gas and Process Korea in Busan, South Korea has opened a new facility that will provide greater production capacity for different compressor technologies. In upstate New York, Atlas Copco Comptec LLC has added a large high bay space to an existing manufacturing facility…
Seafarer Killed After Gulf Oil Tanker Struck by Missile
One seafarer was killed in an explosion believed to have been caused by a missile attack on an oil products tanker in the Gulf on Thursday, the ship's manager said on Friday.The Marshall Islands-flagged tanker MT Velos Sapphire was sailing unladen towards Bahrain when it was hit, Greek management firm Velos Tankers said in a statement."The company is greatly saddened to report the death of one of its seafarers…
Brent Oil Prices Prepare for Biggest Weekly Drop Since 2020 After US Midterms
Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East continue to provide a floor to crude.In a whiplash see-saw session on Friday, Brent crude futures for January were up 26 cents, or 0.3%, at $98.55 a barrel by 1346 GMT.
CM Energy to Supply Cable Lay Equipment for Asso.subsea Vessel
CM Energy is progressing work on an integrated cable-handling and marine equipment package for a new Asso.subsea vessel, expanding its involvement in the European offshore wind market.The contract covers specialist cable-handling equipment and associated marine systems for the vessel, with engineering and manufacturing activities underway at CM Energy's facilities in China.Elements of the project also involve the European supply chain.Asso.subsea specializes in subsea cable installation…
Subsea7 Strikes Deal to Sell Seaway7 Heavy Transport Unit to HEA Energy
Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem.The sale covers six open-deck semi-submersible heavy transportation vessels, five of which are owned and one chartered from a third party.According to the Seaway7’s fleet information, the six heavy transportation vessels include Seaway Albatross Seaway Eagle…
Alfa Laval to Buy NAVTOR for $700M in Maritime Digital Expansion
Alfa Laval has entered into a definitive agreement to acquire Norwegian maritime software company NAVTOR for $700 million in cash, expanding its digital fleet solutions business through one of its most significant transactions to date.The acquisition, valued at $700 million (SEK 6.85 billion), is expected to close in the first quarter of 2027, subject to customary regulatory approvals.NAVTOR provides e-navigation…
Arc Begins Battery-Electric Conversion of Long Beach Harbor Tug
Arc, a marine technology company, has begun engineering the battery-electric conversion of Harbor Sentinel, a 50-foot harbor tug owned and operated by Pacific Maritime Group (PMG). Supported by funding from the Port of Long Beach through its Technology Advancement Program (TAP) and SWIFT Program, along with a Volkswagen Environmental Mitigation Trust grant administered by the Bay Area Air Quality Management District…
General Dynamics Mission Systems Awarded $15m MEDUSA Contract Modification
General Dynamics Mission Systems announced it was awarded a $15 million contract modification to exercise options under a previously awarded contract for the Mining Expendable Delivery Unmanned Submarine Asset (MEDUSA).Building on the prototype, software and engineering work advanced under the July contract modification, this follow-on award continues MEDUSA's maturation and expands the program’s support…
Katsa Expands Capacity With New Assembly Plant
Twin Disc, Inc. subsidiary Katsa announced that it is expanding its capacity with a 54,000-square-foot gearbox assembly facility and warehouse in Pirkkala, Finland, in response to a double-digit percentage year-over-year increase in demand.The new plant, expected to be fully operational by May 2027, brings together gearbox assembly, testing and painting under one roof. The unified design will streamline operations by reducing material handling steps and maximizing production flow.
CM Energy Contributes to ASSO Cable Lay Project
CM Energy is strengthening its engagement in the European offshore wind market through an ongoing integrated cable-lay installation for ASSO Subsea, an international subsea contractor that specializes in submarine cable installation, protection and repair.The contract comprises an integrated package of cable-handling and associated marine equipment for a new vessel.Engineering and manufacturing activities are progressing within CM Energy's own facilities across China…
Singapore, Norway Launch Call for Green Shipping Research Grants
The Maritime and Port Authority of Singapore (MPA), the Research Council of Norway (RCN) and the Singapore Maritime Institute (SMI) have launched a joint research grant call to develop solutions to support the decarbonization of international shipping.The joint grant call brings together the research, technology and industry capabilities of Singapore’s and Norway’s maritime innovation ecosystems to…
Ukraine Renews Attacks on Russian Oil Refineries
Ukraine's renewed attacks on Russian oil refineries add to Moscow's difficulty in addressing domestic fuel shortages while it ships diesel to international markets under an export deal with US President Donald Trump.The Ryazan oil refinery, one of Russia's largest, appeared to have come under attack as part of a large drone strike overnight on industrial sites in the city, southeast of Moscow, according to a Reuters video analysis.If confirmed…
Turkey Unveils 2040 Energy Policy Powered by Electrification
Turkey's Energy Minister Alparslan Bayraktar unveiled the country's 2040 national energy policy on Thursday, which requires $500 billion in energy investments by 2040, including more than $330 billion for electrification goals.Policy built on supply security, emissions reduction.Wind and solar power installed capacity target set at 175 GW by 2040.Plan projects installed power capacity will rise to 281 GW from current 123 GW…
French Maritime Patrol Plane Extends Stay After Black Sea Cargo Vessel Attacks
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.The attacks have shown how the escalating maritime war between Russia and Ukraine is expanding into a major challenge for NATO in the Black Sea that…
Iran Maintains Pressure as Three Tankers Hit in Hormuz
Iran reported three more tankers had been damaged in the Strait of Hormuz on Thursday, making clear that shipping would remain in peril as long as the war in the Gulf is unresolved, now that US voters have punished President Donald Trump for waging it.The electoral rout that cost Trump's Republicans control of Congress has prompted a stark reassessment of the conflict's political cost in Washington…
Tender-Assist Rigs: Southeast Asia’s Quiet Workhorses Head for Full Utilization
Often overshadowed by the towering jackup and ultra-deepwater floating rig fleets that dominate offshore headlines, tender-assist rigs are enjoying a resurgence in Southeast Asia. While they represent a relatively small niche of the global offshore drilling market, these versatile units have become indispensable to operators across Thailand, Malaysia and Brunei, where their efficiency and cost competitiveness continue to drive demand.Tender-assist rigs are designed for fast…
StormGeo Partners with CCS to Advance Digital Emissions Verification in China
StormGeo, a provider of weather intelligence and maritime technology and part of Alfa Laval’s Ocean Division, has joined forces with the China Classification Society (CCS) to help digitalize emissions data sharing and verification. The partnership is a step in StormGeo’s efforts to grow in China and better support local shipping customers.StormGeo currently supports approximately 700 vessels on GHG…
AskChief Opens Platform to Wider Marker After Surpassing 100-Vessel Milestone
AskChief Specialised Al for maritime Technical and HSQE teams announced that it is opening its platform to the wider market after surpassing 100 vessels in under a year of live use with shipowners and ship managers. Shipping companies have the knowledge they need, but it is fragmented across manuals, SMS, vessel records, past cases and experienced people. Teams waste time rebuilding context, while lessons from one vessel may never reach the next.AskChief makes that knowledge usable in the task.