ZF [pro]Tech plus Launched in Mexico
ZF Aftermarket has officially launched ZF [pro]Tech plus in Mexico, expanding access to advanced technical training and expert support for independent workshops. The program equips technicians with practical knowledge across transmissions, hybrid and high-voltage systems, ADAS and advanced chassis technologies, helping them service increasingly complex vehicles and strengthen long-term business performance.Following its introduction at INA PAACE Automechanika in July…
Nakilat Brings In $355m Net Profit for Q3 2026
Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter ending September 30, 2026, with a net profit of USD$355 million (QAR 1.29 billion) compared to USD$360 million (QAR 1.31 billion) for the corresponding period in 2025."The ongoing regional situation continued to affect activities within our Marine Services segment, including ship repair, shipping agency and towage services," said Eng.
Gecko Robotics' USN Contract Expands to $300m
The U.S. Navy and General Services Administration (GSA) have increased the ceiling value of Gecko Robotics' maintenance and inspection contract to $300 million, more than quadrupling the original $71 million award just six months after its announcement.The expanded indefinite delivery, indefinite quantity (IDIQ) contract will support broader deployment of Gecko's robotic inspection and artificial intelligence technologies across the Navy fleet…
Sanmar Shipyards Delivers New Escort Tug to Med Tugs
Sanmar Shipyards has delivered a new escort tug to the Greek joint venture SVS, comprising Vernicos Scafi, Spanopoulos and Lyboussakis, as part of its ongoing relationship with Med Tugs. The tug will operate at the Port of Piraeus, providing essential ship-handling and escort services.Built as BIGAÇAY XIX at SANMAR in Türkiye and renamed SVS Ill by her new owners, the tug is based on the exclusive…
Brent Crude Prices Slip Amidst Houthi Attacks
Oil prices slipped after touching a five-month high during a choppy session on Tuesday as traders weighed Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.Yemen's Iran-aligned Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield, Riyadh's King Khalid International Airport…
Russian Diesel Cargoes Continue to Intended Destinations After Export Ban Lifts
Russian diesel cargoes are returning to their traditional destinations after the US suspended sanctions and secured the lifting of an export ban, with at least two tankers signalling trips to Turkey and Brazil in recent days, according to shipping data from Kpler and LSEG.Russia lifted its self-imposed ban on October 9 on diesel exports, introduced to tackle domestic shortages triggered by Ukrainian drone attacks on refineries…
European Union Unveils New Arctic Security Strategy
The European Union on Tuesday presented a new Arctic strategy reflecting the region’s importance to security, with pledges to boost satellite surveillance, increase monitoring of undersea cables and help EU members buy icebreakers.The Arctic is of growing interest to major powers including the US, Russia, China and Europe, as melting ice opens up new shipping routes.US President Donald Trump tried to acquire Greenland…
Fairbanks Morse Defense Breaks Ground on New Center of Excellence
Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce complex and powerful naval propulsion systems.The $60 million installation includes a $27 million U.S. Navy investment, $22 million of which is sourced from Australia’s initial contribution to the U.S. Submarine Industrial Base (SIB) under the AUKUS Pillar I effort.
Steerprop to Provide Ice-Class Propulsion for Danish Multi-Role Environmental Vessel
Finnish marine propulsion provider Steerprop has secured a contract with Karstensens Skibsværft to supply a complete ice-class propulsion package for a Multi-Role Environmental Vessel being built for the Royal Danish Navy.The vessel is one of four commissioned by the Danish Ministry of Defence Acquisition and Logistics Organisation to strengthen Denmark's marine environmental response and defense capabilities.
Interferry Concerned Over EU Emission Reg Delays
Interferry, the global trade association representing the ferry shipping industry, is raising concerns over the current state of EU Emissions Trading System (ETS) negotiations and the persistent regulatory imbalance unfairly penalizing maritime transport. As member states push to further delay the EU ETS2 framework for road transport, ferry operators face an ongoing competitive disadvantage against a higher-emitting mode of transport.Since 2024…
Two New Brazil Tugs Select Power Provider
Wärtsilä will supply the engines for two new inland waterway pusher tugs being built by Brazilian shipyard Estaleiro Rio Maguari. The vessels, each of which will be powered by three Wärtsilä 20 engines, will support the river logistics operations of LHG Mining on the Paraguay-Paraná waterway. This is one of South America's most important inland transport corridors. Designed for demanding river operations and high utilization rates…
Wind-Assisted Propulsion System Project Pair Funded
The Global Center for Maritime Decarbonization (GCMD), AIM Horizon Investments, and Eastern Pacific Shipping (EPS) announced the financing for two wind-assisted propulsion systems (WAPS) projects through the Fund for Energy Efficiency Technologies (FEET), marking the fund's first deployment.FEET is the world's first fund to link verified fuel and regulatory savings from EETs installed on vessels to a pay-as-you-save mechanism.
Maritime AI and Logistics Startups Win ZEBOX Competition in Vietnam
ZEBOX, the international innovation accelerator founded by CMA CGM Group Chairman and CEO Rodolphe Saadé, has announced four winners of its first Asia-Pacific Challenge for Impact competition, held in Ho Chi Minh City, Vietnam.The competition, organized in partnership with CMA CGM Vietnam and technology company FPT, focused on developing solutions for maritime operations, logistics and artificial intelligence…
Japan Clears DNV for Floating Wind Classifications
DNV has become the first non-Japanese recognized organization authorized by Japan's Flag Administration to apply floating offshore wind classification rules in the country.The authorization allows DNV to apply its floating offshore wind rules within Japan's regulatory framework, supporting the classification and technical assessment of floating wind installations.The rules cover floating substructures…
DemoSATH Floating Wind Project Enters New Phase with Japanese Partner
Saitec Offshore Technologies and Japan's Kansai Electric Power Company (KEPCO) have agreed to extend operations at the 2 MW DemoSATH floating offshore wind demonstrator in Spain through 2027, with Japanese construction company Kumagai Gumi joining the project as a new partner.The three companies have signed a cooperation agreement to continue operating the floating wind turbine at the BiMEP open-sea test site off the Basque coast…
Union Vega Offshore Orders Two Breeze-Designed PSVs, Options Four More
Union Vega Offshore has ordered two battery-hybrid platform supply vessels (PSVs) from Fujian Mawei Shipyard, with options for four additional vessels, under a design contract awarded to Breeze Ship Design.The vessels will be based on Breeze Ship Design's next-generation Z 4409 PSV design, with delivery of the first vessel scheduled for 2028.Each vessel will measure 84 meters in length and feature 900 square meters of deck space…
SSE Picks Seaway7 for Berwick Bank B Offshore Wind Foundations and Cables
SSE Renewables has selected Subsea7's Seaway7 as preferred supplier for offshore wind turbine foundations and subsea inter-array cables at its 1.4 GW Berwick Bank B offshore wind project in Scotland, under an agreement expected to support 465 UK jobs.The preferred supplier agreement covers engineering, procurement, construction and installation (EPCI) of approximately 90 fixed-bottom turbine foundations…
