DRIFT Energy, Enapter to Develop Marinized Electrolyzer Technology for Offshore Hydrogen
DRIFT Energy, a leader in ocean-based renewable energy, has signed a collaboration agreement with Enapter to adapt the design of their Anion Exchange Membrane (AEM) electrolyzer technology for deployment at sea. The agreement was formalized during a visit by DRIFT’s CEO, Ben Medland, to Enapter’s production facility in Pisa, Italy, this week.The partnership will accelerate development of the energy storage element of DRIFT’s technology ecosystem…
Ferguson Marine Secures Award to Build Four Vessels
The Scottish Government has announced its intention to award Ferguson Marine the contracts to build four vessels. This decision provides a guaranteed five-year pipeline of work.The package of vessels as part of the proposed award includes the design and build of a new class of Marine Protection Vessel (MPV) and Marine Research Vessel (MRV) for Marine Scotland to replace MPV ‘Minna’ and MRV ‘Scotia,' originally built by Ferguson Marine and currently nearing the end of their service lives.
NOAA, Northrop Grumman to Release Sonar Images of the USS Monitor Shipwreck Site
NOAA and Northrop Grumman will release the first-ever high definition sonar images of the USS Monitor shipwreck site during a media briefing on Saturday, March 7. The briefing will include presentations from members of the research team. Reporters will also have the opportunity to tour the Batten Conservation Complex, the primary conservation facility for artifacts recovered from the Monitor, including the revolving gun turret, Dahlgren guns, and steam engine.
RS Aqua Announces Strategic Partnership with US -based Seasats to Bring Autonomous Surface Vehicles to UK and Ireland Defence Market
RS Aqua announced a new strategic partnership with Seasats, a San Diego-based unmanned surface vehicle (USV) developer, to introduce their range of security platforms to the United Kingdom (UK) and Ireland defense market.Seasats is known for its high endurance, modular, and user-friendly USVs designed to deliver maritime domain awareness through autonomous operations. Through this partnership, RS Aqua…
Anschütz Delivers SYNAPSIS Integrated Navigation System for First Newbuild Tanker
Anschütz has successfully delivered and commissioned its SYNAPSIS Integrated Navigation System (INS) on the first newbuild tanker constructed for German Tanker Shipping GmbH & Co.KG at Xiamen Shipbuilding Industry Co., Ltd (XSI).TMS Seadevil, handed over in January, is the lead vessel in a program of six modern 41,000 dwt oil and chemical tankers for global deployment and demanding commercial operations.
Marlink Rolls Out Fleet-Wide Multi-LEO Hybrid Connectivity Service
Marlink has introduced Sealink Multi-LEO, a hybrid connectivity service providing a single, fully managed data allowance across the Starlink and Eutelsat OneWeb low Earth orbit satellite networks, with additional LEO networks to be added in the future.The service integrates high-throughput, low-latency LEO connectivity into one commercial and operational framework, offering shipowners and operators a single monthly subscription covering multiple satellite solutions.
OEG Adds Fulmar CTV to Growing Offshore Wind Fleet
OEG has expanded its offshore wind vessel fleet with the delivery of Fulmar, a new multi-purpose crew transfer vessel (CTV), following successful sea trials.The vessel will operate in U.K. waters and has secured its first charter in Scotland, supporting offshore construction work at the Inch Cape Offshore Wind Farm. The project was awarded to OEG earlier last year and is supported by the company’s…
Supertanker Costs Hit All-Time High as Iran Threatens Strait of Hormuz Closure
Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near halt after vessels in the area were hit as Iran retaliated against U.S.
Qatar LNG Halt Forces Asia to Seek Alternative Supplies
India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.Government officials and company executives in Japan, Taiwan, Bangladesh and Pakistan said they did not expect an immediate impact as some cargoes due this month had already arrived…
Fujairah Bunker Prices Surge as Demand Shifts Elsewhere
Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including Singapore.Transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas…
China Looks Best Placed to Weather Iran Energy Shock
China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case, with China's vast stockpile of crude a cushion against price spikes, meaning that any energy-led inflation in the rest of the world will not hit China.It is also possible that China's refiners could reap windfall profits in the event of a prolonged disruptio
Drone Attack Damages Fuel Tank at Oman’s Duqm Port
A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which has responded by targeting neighbouring countries.The attack comes a day after Qatar halted its production of liquefied natural gas - about a fifth of global supply…
Europe Under Pressure as Gas Prices Climb Over 50% on Israel-US and Iran War
European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U.S. assets, vulnerable to setbacks.Not Good, But 2022 Was WorseThe jump in oil and gas prices evokes memories of Russia's invasion of Ukraine in 2022…
Oil Price Soars as US-Israel War with Iran Raises Supply Fears
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80.89 a barrel, up $3.15, or 4.1%, by 0745 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7% higher.U.S.
Ship Recycling Markets Stall
The chaos in the Middle East is leaving regional and international markets bracing for the inevitable whirlpool of global insanity that is about to suck the entire world into short-term (at the very least) tumult, reports cash buyer GMS.Oil was already on its way up during the week, but as the weekend came around, it spiked over 10%, jumping from around USD 63/barrel last week to nearly USD 71.90/barrel (at the time of writing).
America’s Maritime Action Plan Creates Opportunity for St. Louis Region
The advancement of the recently announced America’s Maritime Action Plan (MAP) is embraced by the ports in the bi-state St. Louis region as a unique opportunity to play a role in this comprehensive federal framework. The MAP is a blueprint for rebuilding the nation’s maritime strength, increasing the use of technology, enhancing supply chain resilience and expanding domestic industrial capacity. It is estimated that only one percent of all new vessels are currently built in the United States.
Tidewater CEO Upbeat Despite 2025 Challenges
Tidewater Inc. announced its 2025 results with Quintin Kneen, Tidewater’s President and CEO, commenting, “Although 2025 was anticipated to be a down year for the offshore industry, I am pleased to say that by all measures Tidewater was able to successfully navigate these challenges to deliver one of the best years in recent memory, demonstrating the resilience of the company we’ve endeavored to build over the last eight years.”The business generated year-over-year revenue growth…
About 10% of Global Container Fleet Caught in Hormuz Backup
Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday."About 10% of the container ship global fleet is caught up in this," Nixon said at S&P Global Market Intelligence’s TPM26 container shipping conference in Long Beach.Maritime insurers ceased covering voyages through the strait between Iran and Oman…
Conflict Widens to Lebanon, Iran Threatens Ships
The U.S. and Israeli air war against Iran widened on Monday, with no end in sight as Israel attacked Lebanon in response to strikes by Hezbollah and Tehran kept up its missile and drone attacks on Gulf states that host U.S. military bases.U.S. President Donald Trump said the operation could continue for some weeks and that it was unclear who was in charge in Iran, following the targeted killing of…
China Oil Refiners Feel Safe From Iran Conflict Disruption with Crude Stockpile
Refiners in China, the world's top oil importer, have enough supply on hand to weather near-term disruption from the Iran conflict, bolstered by recent record purchases of Iranian and Russian crude and robust government stockpiling, traders said.A prolonged supply disruption could, however, force the country's refiners to curb output and run down commercial stockpiles, some of the traders said.China has around 900 million barrels in strategic inventories…
