India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged…
Leonardo Chairman Floats Possible Future Merger with Fincantieri
The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and state‑controlled shipbuilder Fincantieri.Speaking at a conference at Milan's Bocconi University, Stefano Pontecorvo told an audience that he hoped the two groups could one day merge, addressing his remark to Claudio Cisilino, Fincantieri’s executive vice‑president for operations, who was sitting in the audience.“I hope that one day a merger between us might be possible,
R.M. Young Company, Western Weather Group to Host Webinar on Wildfire Forecast Intelligence for Utilities
R.M. Young Company and Western Weather Group will host a joint educational webinar titled "Powering Safer Grids with Wildfire Forecast Intelligence + Rugged Weather Hardware" on February 10, 2026, at 2:00 PM Eastern. The live webinar is free to attend with advance registration.As wildfire risk continues to grow across utility service territories, accurate forecasting and dependable environmental data have become critical to grid safety…
Landmark Contract Inked on Autonomous Nav
Avikus, HD Hyundai’s specialized autonomous navigation subsidiary, signed a landmark agreement with HMM, South Korea’s leading national carrier, to supply its AI-based autonomous navigation solution, HiNAS Control, to 40 vessels.This agreement represents the largest single supply contract for autonomous navigation solutions to date. With this deal, Avikus becomes the first company in the industry to…
UK-Led Maritime Consortium Unveils Plan for Nuclear-Powered Shipping
A U.K.-led maritime consortium has set out plans to develop international standards for nuclear-powered commercial ships, as Britain seeks a leading role in efforts to decarbonize global shipping.The Maritime Nuclear Consortium, convened by Lloyd’s Register, brings together companies from the nuclear, maritime, insurance and regulatory sectors to address safety, security, regulation and commercial viability for nuclear-powered vessels.The consortium’s core members include Lloyd’s Register…
Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure
Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander FSO is currently deployed on the Bualuang oil field offshore Thailand, which is operated by Medco Energi Thailand. Under the transaction, Samos will take…
Saipem Launches Drilling Training Center with Full-Scale Simulator
Saipem has launched a new Drilling Training Centre featuring a full-scale simulator designed to provide immersive, hands-on training for drilling personnel.The center is accredited by the International Well Control Forum, a global body for well control competency certification, enabling it to deliver internationally recognized training and certification for personnel working on drilling rigs.At the…
OMS Group Enlists Ulstein to Build Two Next-Gen Cable Layers
Subsea services provider OMS Group has signed contracts with Ulstein for the design and construction of two cable laying vessels (CLVs).The vessels will be designed by Ulstein Design & Solutions and constructed at Ulstein Verft, with delivery planned for 2028. Each vessel will be about 130 meters long and 22 meters wide, with cable capacity of up to 6,500 tonnes and accommodation for 75 people.The design includes two large cable tanks…
