Keel of USS Philadelphia Authenticated by HII’s Ingalls Shipbuilding
Ingalls Shipbuilding division authenticated the keel for the future USS Philadelphia (LPD 32), a Flight II San Antonio-class amphibious transport dock ship.The ceremony included ship sponsor Maureen Paparo, a Philadelphia native, who was joined by her spouse, Adm. Samuel Paparo, commander U.S. Indo-Pacific Command. Also, attending the ceremony was Chris Kastner, HII’s president and CEO, Brian Blanchette, Ingalls Shipbuilding president and key U.S.
Hempel Delivers Highest Financial Results to Date
Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and an adjusted EBITDA of USD$458.5 (EUR 394 million). Total revenue in 2025 amounted to USD$2,519 million (EUR 2,165 million). Organic growth for the year, in fixed currency and adjusted for divestments, was 3.4%.
Rising Sanctions, Compliance Complexity Increase Global Shipping Risks
Maritime companies face rising sanctions and compliance complexity as regulators increasingly expect risks to be detected before violations occur, according to a new report published by Marcura.The report “The Fragmentation Problem in Maritime Compliance” points to divergence between US, EU and other sanctions regimes. Secondary sanctions have expanded, and a growing shadow fleet continues to obscure ownership, insurance and trading histories.
Orca AI Launches 360° Field of View
Orca AI has launched the next generation of its AI-based operational platform, delivering a 360° field of view (FOV) around a vessel as a foundation for advanced collision avoidance and autonomous navigation.The 360° FOV configuration is enabled by three SeaPod lookout units, each equipped with high-sensitivity RGB and thermal cameras. Working in unison, they deliver continuous full-perimeter coverage and unified situational awareness around the vessel…
Kongsberg Maritime, Seadrill, Hanwha Drilling to Develop Remote Dynamic Positioning Technology
Seadrill Limited, an offshore drilling contractor, Kongsberg Maritime AS, a global technology leader, and Hanwha Drilling, a provider of offshore drilling services, announced a strategic alliance to develop the next generation of remote Dynamic Positioning (DP) technology in offshore drilling.This collaboration represents a shared commitment to defining a global operating model for the future of DP operations for the industry.
Palumbo Shipyards Naples: record turnaround times and world‑class international partners for the LPG/C Rhourd El Fares
Palumbo Group’s Naples facility has successfully completed the refit of the LPG/C Rhourd El Fares.The 174‑meter LPG/C, 23,059 GT, arrived with an extensive scope of work, ranging from mechanical systems to coatings.Engineers coordinated multiple technical teams engaged in dry‑docking operations, mechanical works and, in particular, main‑engine maintenance and generator tuning. Specialist crews carried…
Strategic Marine Delivers First Supa Swath CTVs to Mainprize Offshore
Strategic Marine has delivered the first two Supa Swath crew transfer vessels (CTVs) to Mainprize Offshore, marking the initial handover under a multi-vessel contract signed at in June 2024.The deliveries represent the first two vessels in a program covering six Supa Swath vessels, with options for a further six units. The contract supports Mainprize Offshore’s fleet expansion for offshore renewables…
QatarEnergy Declares Force Majeure with LNG Production Still on Hold
QatarEnergy has declared Force Majeure to its affected buyers, following the decision to stop the production of liquefied natural gas (LNG) and associated products as a consequence of Israel-U.S. war with Iran.“QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information,” the company said in a statement on March 4, 2026.Qatar halted its production of LNG on March 2, following Israeli and U.S.
NYK Advances Design of Subsea Cable-Laying Vessel
Japanese shipping major NYK Line has completed the basic design of a new long-distance subsea cable-laying vessel intended to support the development of Japan’s future high-voltage direct current (HVDC) transmission network, marking a key milestone in a national effort to strengthen offshore renewable energy infrastructure.The vessel’s design recently received General Design Approval (GDA) from classification society ClassNK…
Strait of Hormuz Disruptions Impact Bulk Carriers
"The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry bulk cargo volumes and tonne mile demand,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Disruptions in the region have already led to a decline in traffic, and at least five ships have been attacked.
Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal
Subsea7 has secured a large variation order by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.The award represents an extension to the contract announced by Subsea7 in August 2025 for the third phase of Sakarya and will connect the recently discovered Goktepe field to the Phase 3 floating production unit.The scope of work comprises engineering…
Euro Zone Bonds Stabilize as US Weighs Insurance for Gulf Shipping
Euro zone government bonds edged higher on Wednesday as investors paused after a sharp selloff earlier this week driven by fears the Middle East war would fuel inflation.President Donald Trump had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf."A U.S. insurance for ships passing through the Strait of Hormuz could be a game changer…
COSCO Shipping Halts New Bookings for Middle East Routes
Chinese shipping and logistics conglomerate COSCO Shipping's container liner unit said on Wednesday it had suspended all new bookings for routes to and from ports in the Middle East region, including those in the United Arab Emirates and Saudi Arabia.The move was due to escalating conflict in the region and traffic restrictions in the Strait of Hormuz, COSCO Shipping Lines said in a statement.Bookings for routes to and from Bahrain, Iraq and Kuwait have also been suspended, it added.The company
Dozens Dead After US Submarine Attack on Iranian Warship off Sri Lanka
A U.S. submarine sank an Iranian warship off the southern coast of Sri Lanka, killing dozens of sailors and dramatically widening Washington's pursuit of the Iranian navy.Sri Lanka's deputy foreign minister identified the warship as the frigate IRIS Dena, and said it was heading back to Iran from an eastern Indian port.The attack happened hundreds of miles across the Indian Ocean from the Gulf, where U.S.
Oil Prices Go Up 3% as Iran Crisis Disrupts Supply
Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz.Brent LCOc1 rose $2.67, or 3.3%, to $84.07 a barrel by 0659 GMT, after closing on Tuesday at its highest since January 2025.U.S. West Texas Intermediate crude CLc1 rose $2.24, or 3%, to $76.8, after settling at its highest since June.
Fujairah Bunkering Hit by Fire, Demand Shifts to Other Hubs
Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on hold for now as suppliers, traders and shippers await more clarity on the situation, while others said that bunkering is still possible.The fire was caused by debris after the interception of a drone by air defenses…
Trump's Asian Allies Fear Iran War Will Sap Defenses Against China
Japanese lawmakers reeling from attacks on Iran by the United States and Israel gathered on Monday at the ruling party's offices in Tokyo to question bureaucrats about evacuation plans, energy stocks and the legal basis for U.S. action.But one query posed at the closed-door meeting, described to Reuters by a politician who attended, reflected a deeper fear haunting Asia's corridors of power since Trump's…
MSC to Offload All Cargo Bound for Gulf
MSC, the world's largest carrier of ocean container cargo, said on Tuesday all cargo bound for ports in the Gulf will be offloaded at the nearest safe seaport due to ongoing hostilities in the Middle East following U.S. and Israeli attacks on Iran.The move, known as an "End of Voyage" declaration, also applies to empty containers that have been released for loading with cargo and are intended for export to the ports in the Gulf…
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf.The move marks one of the administration’s most aggressive steps yet to attempt to contain soaring energy…
IMCA Launches New Career Support Network
The International Marine Contractors Association (IMCA) has launched the IMCA Next Generation Network – a global, member-led network that will support the development of early career professionals.Designed to strengthen development pathways for junior workers in the marine construction sector, the new global community forms a central pillar of IMCA’s strategic focus on people, competency, and skills.It…
