ASRY Marks 200th Offshore Rig Milestone with Valaris Project
The Arab Shipbuilding and Repair Yard Company (ASRY) has completed its 200th offshore rig project following the delivery of the VALARIS 250 (Bob Palmer) offshore rig project.The milestone was marked during a ceremony attended by executives and officials from ASRY and representatives from Valaris.ASRY said the VALARIS 250 belongs to the Gorilla Class category of offshore rigs, which it described as…
Alternative-Fuel Vessel Orders Reach 119 in First Five Months of 2026, DNV Finds
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 36 new orders for alternative-fuelled vessels were placed in May 2026.Activity was primarily driven by LPG/ethane carriers, which accounted for 26 of the orders. A further eight LNG-fuelled vessels were ordered, including six container vessels and two car carriers, alongside two ethanol-fuelled bulk carriers.So far in 2026, a total of 119 orders have been placed for alternative-fuelled vessels.
Kongsberg Maritime, DNV Integrate Vessel Data Platforms
DNV and Kongsberg Maritime have entered into an agreement to enable the secure and standardized exchange of operational vessel data between Kongsberg Maritime’s digital fleet management solution and DNV’s Veracity platform.The agreement establishes a digital integration based on DNV’s Operational Vessel Data interface standard and API technology, allowing customers to share vessel operational data…
ABB to Equip Electric Tugs Under India Green Fleet Plan
ABB has secured a contract from Cochin Shipyard to supply power and propulsion systems for two electric tugs being built under India’s Green Tug Transition Program (GTTP).The vessels, due for delivery to Polestar Maritime in 2027, will operate out of the Jawaharlal Nehru Port Authority (JNPA), India’s largest container port.The tugs form part of the first phase of the GTTP, which aims to transition…
GTT Gets Hanwha Ocean’s LNG Carrier Tank Design Order
GTT has secured an order from the shipyard Hanwha Ocean for the tank design of one new liquefied natural gas (LNG) carriers, on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, offering a total capacity of 174,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the third quarter of 2029.
New Excursion Boat Debuts at Port of Los Angeles
A new hybrid, 350-passenger vessel is now in operation at the Port of Los Angeles, the result of a Port-led partnership with Harbor Breeze Cruises, the California Air Resources Board (CARB), and the Port of Long Beach.The Harbor Breeze Cruises’ El Escudo harbor craft features some of the newest emission-reduction technologies on the market. The El Escudo will be berthed at the Port of Los Angeles and serve the San Pedro Bay ports.The vessel features a parallel hybrid propulsion system…
Middle East Offshore Sector Faces Structural Risks
A combination of contract terminations, spiraling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf.In its latest HORIZON Monthly Offshore report, MSI notes that, whilst contract terminations for rigs have been few, a return to pre-conflict levels could take months as fields are brought back onstream and construction…
MPA and MSC to Advance Sustainable and Digital Development
The Maritime and Port Authority of Singapore (MPA) and MSC Mediterranean Shipping Company have signed a Memorandum of Understanding (MoU) to strengthen collaboration in maritime decarbonization, digitalization, innovation, and manpower development.The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore.
Sandmeyer Steel Announces Leadership Transition
Sandmeyer Steel Company, a producer of stainless steel, nickel alloy, and titanium plate products, has appointed R. Paul Sandmeyer, III as President and Chief Operating Officer.This appointment marks the transition to fourth- generation family leadership as the company enters its 75th year.Paul succeeds a distinguished family legacy of leadership. His great- grandfather and company founder, the late Paul C. Sandmeyer, his grandfather, the late Ronald P. Sandmeyer, Sr., and his father, Ronald P.
Gulf Hostilities Spike as Iran, US Launch Attacks
Gulf hostilities flared again on Wednesday as Iranian attacks on Kuwait damaged its airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz, with diplomacy to halt the war showing little sign of progress.The attacks are the latest to test a shaky ceasefire, sending oil prices up nearly 2%, as the strait remains largely closed more than three months after the U.S.
EU Proposes Naval Mission Leads Mine Clearing in Hormuz
The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a document seen by Reuters.The European External Action Service wrote in a note dated May 26 and sent to member states that "the situation requires the Union to provide a meaningful contribution"…
TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's TotalEnergies to a company called Nordline LLC, according to a decree published on Wednesday.TotalEnergies declined to comment and has not issued any statement on a sale, unlike previous divestments from Russia.Reuters has identified two Russian-registered entities named Nordline LLC…
Vessels Stuck In Hormuz Further Strain on Shipping Industry
Even if the U.S.
Shipping Technology Launches ST Brain Lite Digitization for Chartered Inland Vessels
Shipping Technology, the Rotterdam-based inland shipping technology company, is launching ST Brain Lite, a compact, easy-to-install onboard intelligence unit that brings real-time data connectivity to chartered vessels. Inland shipping container operator Danser Group is the product's launching customer, deploying the units across the chartered ships on its Limburg Express container liner service.The…
MARTAC Expands Across Western USA With Opening of San Diego Innovation Center
Maritime Tactical Systems, Inc. (MARTAC), a provider of fully autonomous unmanned surface vessels (USVs), announced the opening of the MARTAC Innovation Center West in San Diego, California. The new facility marks a milestone in the company’s expansion, strengthening its ability to serve defense, security and commercial customers across the West Coast and Pacific regions.The MARTAC Innovation Center West will serve as a hub for research…
SCHOTTEL Wins ONEX Contract for Rudderpropellers
SCHOTTEL has been awarded a significant contract by ONEX Shipyards & Technologies Group to supply rudderpropellers, for a new series of twenty RAstar 2800 tugs, which will be built in Elefsina shipyard, Greece. The order includes the delivery of a total of forty azimuth thrusters, as each of the ASD tugs will be fitted with two SCHOTTEL RudderPropellers type SRP 490 FP. This collaboration follows ONEX's exclusive license agreement with Canadian naval architect Robert Allan Ltd.…
MRS '26: Managing Maritime Risk in a Dynamic Geopolitical Environment
The Maritime Risk Symposium is ongoing today in Pasadena, Texas, and annual event which moves location and convenes thought leaders across government, industry and academia to assess trends and threats to the evolving maritime landscape; offer operational insights to enhance resilience from disruptions, and advance solutions through merging technologies.Day 2 MRS 26 first panel of the day on shipbuilding.
Carbon Ridge’s Onboard Carbon Capture System Approved by DNV
An assessment from global classification society DNV, using its Recommended Practice for performance verification of onboard carbon capture and storage (OCCS), has confirmed Carbon Ridge’s centrifugal onboard carbon capture system can reach CO2 capture rates of as high as 98%. This is the first maritime deployment of a centrifugal OOCS system, which during the testing was set up to capture and treat…
Victoria International Container Terminal Deploys Hybrid Automatic Container Carriers
Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s (ICTSI) fully automated operations at the Port of Melbourne, Australia, has deployed four new Kalmar hybrid automatic container carriers (ACC) following their successful commissioning and operational integration over the past several weeks.Kalmar executives attended the handover ceremony on May 26, including Sami Niiranen…
Triton Partners to Acquire Flender
Global investment firm Carlyle announced that it has agreed to sell Flender, a global market leader in mechanical drive technology, to Triton Fund 6 advised by Triton Partners. Terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2026.Headquartered in Bocholt, Germany, and with over 125 years of engineering heritage…
