Odfjell Reports Strong Fourth Quarter Results
Odfjell SE has reported preliminary full-year and fourth-quarter 2025 results, delivering what the company calls a resilient financial result that demonstrates a robust business model.“The fourth quarter concluded a year dominated by significant uncertainty and more challenging market conditions. The 2025 result is a testament to the strength of our business model, the breath of our contract portfolio, and the relentless focus on safety and efficiency across the organization.
SCHOTTEL to Provide Propulsion for Northern Lighthouse Board’s New Vessel
SCHOTTEL has been chosen by Spanish shipyard GONDAN to provide the propulsion package for the Northern Lighthouse Board’s (NLB) newest vessel, POLE STAR. The ship was officially named on January 21, 2026 by Her Royal Highness The Princess Royal, Patron of the Northern Lighthouse Board.Designed to maintain and service lighthouses, buoys, and other marine aids to navigation, POLE STAR requires high maneuverability supported by reliable propulsion.
Meyer Turku Unveils Net-Zero Cruise Ship Concept
Meyer Turku has unveiled a net-zero cruise ship concept design named AVATAR.The project achieved its set emissions reduction target: the vessel’s lifecycle carbon footprint was successfully reduced by more than 90 percent compared to the baseline defined by the IMO.Developing a net zero vessel concept was one of the key objectives of NEcOLEAP, Meyer Turku’s four‑year research and development program co‑funded by Business Finland.
Short-Term Tanker Market Shaken Up by Geopolitics
McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions, 2) a weakening US dollar, 3) a commodity price super cycle, 4) emerging market oil demand, and 5) global shipyard capacity constraints are expected to dominate market direction.
Panama Canal, USGBC Sign MOU to Enhance US Agricultural Trade
The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) designed to strengthen their collaboration through the enhancement of global trade with U.S. agricultural products. Under the terms of the MOU, the Panama Canal and USGBC will collaborate on joint market efforts like economic analysis, as well as sharing trade and logistical data. Through this type of cooperation, the partnership will support an increasing international demand for U.S.
Blue Water Announces Andy Tite as Senior Vice President, Projects
Blue Water Shipping has announced Andy Tite as Senior Vice President, Head of Projects, effective July 1, 2026. Andy brings experience, knowledge and insight to the projects industry and will focus on further global expansion at Blue Water.Andy has, for the past six years, held senior management positions at DHL, including most recently Vice President, Global Business Development & Commercial Director, Industrial Projects.
Italy Authorizes Naval Blockades Against Migrant Boats
Italy's cabinet approved a bill on Wednesday authorising naval blockades to halt migrant boats during periods of "exceptional pressure" at the country's borders, a government source said, further tightening measures against irregular arrivals.Since taking office in late 2022, right-wing Prime Minister Giorgia Meloni has moved to speed up repatriations of unsuccessful asylum seekers and introduced stiffer jail terms for human smugglers, in a bid to stem sea crossings.The move comes after the Euro
Saltchuk Acquires GLDD for $1.5B
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies, Saltchuk will commence a tender offer to acquire all outstanding shares of the Company for $17.00 per share in cash.
Exail Supports Expanding Saudi Arabia Activity with Riyadh Office
Exail announced the opening of a new office in Riyadh, Saudi Arabia, marking a milestone in its expansion across the Middle East. This new presence reflects Exail’s commitment to strengthening proximity with local customers and partners, and to supporting the development of its activities in the country. By establishing a permanent presence in Riyadh, Exail aims to reinforce customer support, foster long-term partnerships, and better address local operational needs.
First Commercial Biomethanol Bunkering Service in the UK Launches at Port of Immingham
Exolum, Methanex Corporation and Ørsted announced the launch of the United Kingdom’s (U.K.) first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low‑carbon fuel supply. The initiative will provide marine bunkering services for bio-methanol…
Inside the Gotland Horizon X: Large, Hydrogen-Ready Catamaran
With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .Substantial progress has been made over the past…
SIT, Seatrium Launch Offshore and Marine Digital Learning Lab
The Singapore Institute of Technology (SIT) and offshore and marine engineering group Seatrium have launched an Offshore & Marine Digital Learning Lab at SIT’s Punggol Campus, aimed at accelerating maritime digitalization and supporting the energy transition.The lab builds on a 2024 memorandum of understanding between the two organizations and is supported by cash investments from Seatrium. It is designed as a joint industry-academia platform for applied learning…
Partners Aim to Develop Humanoid Welding Robots for Shipyards
Italian shipbuilding giant Fincantieri has launched an industrial partnership with Generative Bionics aimed at developing a humanoid welding robot designed to operate alongside human workers in shipyard environments. The initiative aligns with Fincantieri’s broader strategy around advanced robotics, physical AI and innovation, core pillars of the Group’s new Industrial Plan.The collaboration brings…
Two Mothers Build Legacy for Paige Bell
Two mothers, their family’s part of the larger Durban community involved in the pleasure yacht industry, are helping to build a legacy for Paige Bell. At age 20, Bell was tragically murdered while working onboard a superyacht in the Bahamas.The two mothers, Charni Johnson and Nikki Coetzer, are working to help other superyacht crewmembers worldwide understand the risks, their rights, and their responsibilities – in her memory.“In the weeks that followed Paige’s death…
Petredec Partners with Carnot on LPG Engine
Carnot has entered a strategic partnership with Petredec, a global leader in the LPG industry, to accelerate the deployment of Carnot’s next-generation engines, using LPG fuels, across the transport, maritime and power generation sectors.The core focus of a Carnot Engine is to deliver world leading engine efficiencies. High efficiency means low fuel consumption which delivers maximum cost and emission savings to operators.A Carnot engine is also designed to operate across a broad range of fuels…
Molten Salt Technology Validated
Copenhagen Atomics has successfully completed two years of continuous operation of a molten salt pump and test loop at its facilities in Copenhagen. The system has been running without issues under high-temperature molten salt conditions, marking one of the longest continuous durability tests of its kind worldwide.Molten salt reactors rely on pumps to circulate liquid fuel or coolant at temperatures exceeding 600 °C for years at a time.
Animal Welfare Groups Mark Start of Calf Season
Following the shipping company Brittany Ferries’ refusal to stop transporting unweaned calves from Ireland to France, NGOs including Compassion in World Farming, FOUR PAWS, Welfarm, and Ethical Farming Ireland are planning a media “storm” to make people aware of the animal welfare issues.For over a year, Brittany Ferries has been carrying tens of thousands of unweaned calves on its ships. By the time the ships reach France…
CMA CGM to Launch Electric River Barge Service
CMA CGM is preparing to launch an electric inland barge on France’s Fos-Lyon corridor, with an annual potential of nearly 12,000 TEUs.The initiative aims to promote a regular, reliable, competitive and decarbonized logistics solution between the Port of Marseille-Fos, Lyon and the Rhône Valley, to accelerate a modal shift and relieve congestion on the A7 motorway.By 2030, the Group aims to double its multimodal volumes in Lyon…
SAMS Hosts Training Course for the Era of Environmental Robotics
As the use of robotics in data collection increases, the Scientific Robotics Academy, based at the Scottish Association for Marine Science (SAMS) in Oban, will host two courses this March: "Environmental monitoring using autonomous platforms" and "Applied photogrammetry for environmental monitoring."The courses come amid the rapid expansion of twin technologies of AI and robotics, which are transforming…
Precision Shaft Alignment: A Sustainable Advantage in Modern Engineering
Sustainability has become a defining priority across industrial and maritime operations. While much of the discussion centers on alternative fuels and emerging technologies, one of the most immediate and cost-effective opportunities to reduce energy consumption and emissions is often overlooked: precision shaft alignment.AME sees firsthand how precision shaft alignment services improve equipment reliability…
