JLL Advises, Provides Brokerage Services for Mare Island Maritime Campus
JLL announced that it has been exclusively retained to provide strategic advisory and brokerage services for Mare Island Maritime Campus, a maritime industrial property with two million square feet of existing buildings and four operational dry docks. Located in Vallejo, California, the former Mare Island Naval Shipyard represents an opportunity as federal mandates and bipartisan legislation drive the largest maritime industrial mobilization since World War II.JLL is advising The Nimitz Group…
Construction of Two Icebreakers at Bollinger Shipyards Progresses
The hull of the first heavy polar icebreaker for the Coast Guard is taking shape after years of delays on the Gulf Coast. The stern sections of the future USCGC Polar Sentinel (WMSP-21) are now standing almost four stories high in the middle of the Bollinger Mississippi shipyard. As of early August, the stern section of the future Polar Security Cutter was positioned to be welded in place.Bollinger has overseen the project since it inherited the contract when it bought the yard from V.T.
US Lifts Conditions of Entry Restrictions for Nigerian Vessels
The United States has lifted security restrictions imposed on vessels arriving from Nigeria after more than a decade, the Marine and Blue economy Minister Adegboyega Oyetola said on Tuesday, in a move expected to cut shipping costs and boost the competitiveness of Nigerian ports.The restrictions, known as Conditions of Entry (CoE), were introduced by the U.S. Coast Guard in June 2014 and required vessels…
No US-Iran Talks Planned, Hormuz Remains Closed
U.S. President Donald Trump said on Tuesday no talks were taking place with Iran and none were scheduled, and he insisted that the Strait of Hormuz was open, contradicting an earlier Iranian assertion that the critical waterway remained shut to shipping.The receding prospects of a deal to end the nearly six-month conflict drove up oil prices again on Tuesday, while stock markets sagged and borrowing costs for major economies including the U.S.
Geir Håøy Appointed to MacArtney Board of Directors
MacArtney Underwater Technology has appointed Geir Håøy, former President and CEO of KONGSBERG, to its Board of Directors, effective June 2026. Throughout his career, Håøy has worked with technologies developed and deployed in maritime, defense, and ocean-focused industries, where operational performance carries clear consequences. Håøy spent more than 30 years at KONGSBERG, including over 10 years as President and CEO.
Brennan Acquires Budrovich’s Marine Ops
J.F. Brennan Company (Brennan) has acquired the marine operations of Budrovich Contracting Co., Inc., establishing a permanent presence in St. Louis and building on its longstanding relationships in the region.The acquisition builds on a seven-year relationship between Brennan and Budrovich’s Marine Operations team. During that time, the companies have worked together in the region, developing a strong understanding of the needs of local marine and industrial facilities.With the acquisition…
SeaDry Protects Offshore Instrumentation From Humidity
Excessive humidity can damage sensitive equipment in offshore measurement systems, impair data quality and necessitate costly service call-outs. Customers in offshore data collection and marine research therefore use ThoMar's SeaDry to reduce humidity inside protected enclosures and technical cavities.SeaDry was developed to cope with high levels of humidity and extreme climatic changes during transport at sea.
Hyke, Aqua superPower Partner to Expand Electrified Ferry Networks
Aqua superPower, a provider of fast-charging marine infrastructure, and Hyke, developer of electric passenger ferries, have signed a Memorandum of Understanding (MoU) to help create a blueprint for electrified urban ferry networks that can unlock the potential of underutilized waterways as sustainable transport corridors.As cities worldwide face increasing pressure from congestion, emissions and constrained transport infrastructure…
Russian Ice-class LNG Carrier heads out via Northern Sea Route
Russia's second new domestically-built ice-class carrier for transporting liquefied natural gas, the Konstantin Posiet, departed from Bolshoy Kamen Bay in Primorsky Krai and set a course along the Northern Sea Route, LSEG data showed.For Russia, the tanker represents another step in overcoming Western sanctions designed to prevent it from moving gas to international markets and to curb its revenues for waging war on Ukraine.The vessel was built at the Zvezda shipyard…
Deepwater FIDs Set to Drive Sub-Saharan Africa Production Growth
Sub-Saharan Africa’s deepwater production is expected to grow by over 1 million boe/d by 2035 and big-ticket projects taking final investment decisions (FIDs) in 2026 and 2027 will be key to unlocking this.In late January, Equatorial Guinea and Chevron signed-off the Aseng Gas blowdown project. This will monetize ~1 Tcf from Aseng on Block I and help backfill the Equatorial Guinea LNG plant.We expect production to start in 2028.
Critical Minerals at Sea: Battery Supply Chains Become an Investment Question
Batteries have become a practical part of maritime decarbonization. They are used on ferries, harbor craft, tugs, offshore support vessels, crew transfer vessels, various types of remotely operated vessels, and hybrid ships to reduce fuel burn, provide spinning reserve, support dynamic positioning, enable peak shaving, and allow zero-emission operation in port. As of mid-2026, 156 different maritime battery systems from 118 manufacturing companies are commercially available.
MacGregor Inks Hatch Cover Deal
MacGregor was selected to deliver a comprehensive scope of cargo handling solutions for six 1,700 TEU dual-fuel LNG-powered containerships to be built at Cochin Shipyard Limited (CSL) in India. The vessels are being built for the CMA CGM. The six 1,700 TEU vessels are scheduled for delivery between 2029 and 2031. They will support and reinforce India’s role as a strategic hub for global trade and sustainable…
Iskra Shipyard tapped to Build Firefighting Vessel
Croatian shipbuilder Iskra Shipyard has signed a €2.24 million contract to design and build a new high-speed firefighting vessel for the Zadar County Firefighting Association, with delivery scheduled within 12 months.The 15-meter vessel will be built at Iskra’s shipyard in Šibenik and deployed for firefighting operations around Zadar County’s islands, ports and coastal areas. It will also support firefighting…
Kongsberg Wins FPSO Deck MachineryDeal
Kongsberg Maritime won a contract with a major energy operator to deliver advanced deck machinery for a new Floating Production, Storage and Offloading (FPSO) vessel for an offshore development in Asia.The contract covers a fully integrated mooring and deck machinery solution, including chain pull-in winches, chain stoppers, fairleads, riser pull-in winches, and associated control and automation systems.
Vessel Struck in Strait of Hormuz, Crew Injured
The United Kingdom Maritime Trade Operations said it received a report on Tuesday that a vessel was struck by an unknown projectile while transiting outbound in the Strait of Hormuz, causing engine room damage and a crew casualty.The remaining crew were being assisted by the Omani Coast Guard, according to the report. No environmental impact was reported and authorities were investigating, UKMTO said.Maritime security…
Hormuz Crossings Rise Slightly from Weekend
Ship crossings via the Strait of Hormuz were still in single digits on Monday, despite rising slightly from the weekend, according to preliminary shipping data on Tuesday, amid a stalemate in U.S. and Iranian peace talks.Six commodity ships transited the strait on Monday, of which three were exiting the Gulf and three were entering, Kpler shiptracking data showed, compared with the 10-day average of 11 ships.
Saudi Aramco Offers Crude Outside Hormuz
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, two sources with knowledge of the matter said on Monday, in a strategy similar to that adopted by United Arab Emirates' Abu Dhabi National Oil Co (ADNOC).In a rare move, Aramco is in talks with buyers to supply Arab Medium and Arab Heavy crude via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.
Lone Star Funds Sells Vigor Marine Group
Lone Star Funds has announced that an affiliate of Lone Star Fund XI, L.P. has completed the sale of Vigor Marine Group to Antin Infrastructure Partners.Based in Portland, Oregon, Vigor Marine Group operates shipyard and fabrication facilities across five locations and employs approximately 2,700 people in the Pacific Northwest, Virginia and California. The company offers advanced services and complete solutions for a variety of clients, including the U.S. Navy, U.S.
Older Bulkers and LNG Carriers Could Provide Short-Term Relief for Ship Recyclers
Limited recycling supply could get a brief respite in the coming weeks from a weakening second-hand interest in older vessels and softer demand for steam turbine LNG ships. Both of these factors will encourage these ships being sent for end-of-life disposal, according to Wirana Shipping.The prolonged shortage of vessels entering the ship recycling market could get a breather, with Wirana Shipping forecasting…
Deployable Energy and Hornbeck Offshore Partner to Advance Nuclear Power
Deployable Energy has signed a Memorandum of Understanding with Hornbeck Offshore to transform five strategic maritime and offshore markets through the utilization of Deployable Energy's Unity Nuclear Battery. Hornbeck Offshore has also made a strategic investment in Deployable Energy.The collaboration will combine Deployable Energy's transportable microreactor technology with Hornbeck Offshore's marine operating fleet expertise to develop maritime nuclear applications in inland waterways…
