Activity News

Sumitomo Corporation Global Metals Co., Ltd. (SCGM) and TFI Marine Limited have formed a partnership to introduce innovation into mooring solutions for floating offshore wind and offshore energy projects. The partnership enables and accelerates the deployment of floating offshore wind in Japan and globally, contributing to decarbonization and energy security.Mooring systems are among the principal cost and risk drivers in floating offshore wind. As projects move into deeper water and towards commercial scale…

Solstad Offshore has exercised an option to purchase the construction support vessel (CSV) Normand Maximus for $125 million via its subsidiary, with the acquisition scheduled to be completed in October 2027.Solstad Offshore’s subsidiary Normand Maximus declared the purchase option on October 6, 2026, under a bareboat charter agreement signed with Maximus Shipping in October 2022.The agreement gave Normand Maximus the right to acquire the vessel after five years of chartering, subject to 12 months' advance notice.The bareboat charter will terminate when Maximus Shipping…

MISC has named Th’ailib, the first of three new 174,000-cubic-metre liquefied natural gas (LNG) carriers secured under long-term charter agreements with QatarEnergy, at Samsung Heavy Industries (SHI) in South Korea.Th’ailib will enter a firm 15-year charter with QatarEnergy starting in 2026, with two additional vessels scheduled for delivery as part of MISC's participation in the energy company's LNG fleet expansion programme.The three vessels form part of the second phase of the program.

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to GasEntec for a floating storage and regasification unit (FSRU) concept capable of delivering up to 1 billion cubic feet of gas per day, placing it among the highest-capacity FSRU designs currently under development.The approval, presented during Gastech 2026 in Bangkok, followed LR's independent assessment of the design's technical and safety fundamentals.The FSRU features a multi-mode regasification system capable of operating in open…

MacGregor has received an order from Nantong Rainbow Offshore & Engineering Equipment to supply motion-compensated cranes and gangways for four additional Skywalker-class commissioning service operation vessels being built for IWS Fleet.The equipment package will include three-dimensional motion-compensated cranes and MacGregor's Horizon gangway systems. The order was booked in MacGregor's fourth-quarter 2026 order intake.The four CSOVs are scheduled for delivery by Nantong Rainbow…

Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday.Following the start of the US-Israeli war on Iran at the end of February, Iran effectively closed the Strait of Hormuz, choking exports through one of the world's most crucial shipping bottlenecks.The impact has been compounded by attacks on oil and gas infrastructure…

Seatrium has been awarded the conversion of Karpowership's LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth FSRU conversion project between the companies.Work on LNGT Akdeniz is scheduled to start in the first quarter of 2027, with Seatrium responsible for engineering, conversion, integration, installation and commissioning of the vessel's regasification equipment and associated systems.The converted vessel will have regasification capacity of up to 600 million standard cubic feet per day and will join the LNG fleet of Kinetics…

Norwegian shipbuilder Vard, part of Fincantieri, has opened a new design and engineering office in Ho Chi Minh City, Vietnam, and plans to grow its workforce there to more than 40 engineers in the coming years.The new Vard Design and Engineering Vietnam center brings together engineers working across structural design, piping and machinery, HVAC, naval architecture, hydrostatics, stability and marine electrical disciplines.The office expands Vard's ship design and engineering capacity in Vietnam and will work as part of the company's international design network…

Reach Subsea has exercised a one-year option to extend the charter for Deep Cygnus subsea vessel from Havila Subsea & Renewables, keeping the vessel in its fleet through March 2028.The original charter, announced in July 2022, covered a four-year period with an option for an additional year. Deep Cygnus has been part of Reach Subsea's fleet since 2023.The vessel is equipped for inspection, maintenance and repair (IMR), survey and light construction work across the offshore energy and renewables sectors.Deep Cygnus is a subsea construction…

The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the US are met, state media reported Iran's parliament speaker Mohammad Baqer Qalibaf as saying on Sunday.Iran presented a proposal during the UN General Assembly under which the Strait of Hormuz waterway could be reopened and normal maritime passage restored within seven days if the conditions were met, with the US replying to this proposal last week via Qatari intermediaries."The position of the Islamic Republic of Iran is completely clear and firm…

DOF Group has received a letter of intent for a contract valued at between $50 million and $100 million that would secure work for one of its I-class vessels in the first half of 2028.The scope includes DOF's in-house project management and engineering, as well as procurement and logistics support services.The company expects the full contract award to be confirmed by mid-November 2026.DOF Group did reveal any additional details regarding the client, vessel or project involved.

Dutch offshore vessel owner Acta Marine has christened its commissioning service operation vessel (CSOV) Acta Hercules in IJmuiden, the Netherlands, as the company moves closer to completing its four-vessel newbuild program.Acta Hercules was delivered earlier this year as the second vessel in the series and is already deployed under a long-term charter supporting offshore wind operations for Vestas.The vessel is equipped with methanol dual-fuel engines and an advanced battery energy storage system…

BW Offshore's blue ammonia floating production, storage and offloading (FPSO) concept, jointly developed with McDermott, has received Approval in Principle (AiP) from DNV, advancing the proposed offshore low-carbon ammonia production solution towards further design development.The AiP provides an independent, risk-based assessment of the concept at an early stage and establishes a basis for further design development, certification and classification.Unveiled in February, the…

Golden Energy Offshore Services (GEOS) has secured two new charter contracts for its large platform supply vessel (PSV) Energy Swan with a combined estimated firm value of about $8.7 million.The first contract has a firm duration of about one month, with additional options, and is scheduled to start in October 2026.The second will deploy Energy Swan on the Norwegian Continental Shelf for an estimated firm period of 290 days, with options for about another 500 days. The charter is expected to start in January 2027.If all options under the two new contracts are exercised…

Siemens Energy has contracted EST-Floattech to supply a battery system of more than 1 MWh for Marco Polo Marine's new CSOV Plus, a vessel designed to work in both offshore wind and oil and gas operations.The Octopus High Energy battery system will support hybrid and dynamic positioning operations aboard the vessel, which is being built by Marco Polo Marine at its shipyard in Batam, Indonesia. Siemens Energy is the system integrator for the hybrid power plant.During dynamic positioning…

DEME has installed the 68th and final monopile at Vattenfall's 980 MW Nordlicht I offshore wind farm in the German North Sea, completing the project's monopile installation campaign.The milestone follows installation of the first monopile in July and the first transition piece in August. DEME carried out the monopile campaign using its offshore installation vessel Orion.Nordlicht I is located about 85 kilometers north of the German island of Borkum and is set to become Germany's…

Integrated Wind Solutions (IWS) subsidiary IWS Fleet has ordered four Skywalker-class commissioning service operation vessels (CSOVs) for a combined firm yard price of around $301 million (€260 million), expanding its owned fleet from six to 10 CSOVs.The four vessels, priced at around $75 million (€65 million) each, will be built by Nantong Rainbow Offshore & Engineering Equipment and delivered in 2029 and 2030 under fixed-price turnkey contracts.IWS Fleet has also secured options for another four vessels at the same firm prices…

Höegh Evi and Petroleum Sarawak (PETROS) have agreed to jointly develop, own and operate a proposed LNG import terminal in Kuching, Malaysia, targeting first gas by the end of 2029.The Kuching LNG Terminal will comprise a floating storage and regasification unit (FSRU), mooring infrastructure, subsea and onshore pipelines and onshore receiving facilities.The project will form part of the Kuching Low-Carbon development in Sarawak and supply natural gas for power generation in Kuching.

US President Donald Trump unveiled plans on Wednesday for South Korea to invest some $200 billion in US projects, but Seoul quickly suggested one key element, a $54 billion pipeline for an LNG project in Alaska, was not yet set in stone.The announcement from the White House amounted to the first set of major projects under a broader $350 billion strategic investment package South Korea made as part of a trade agreement with Washington last year. The package included $150 billion…

Windward Offshore celebrated the official naming of its Commissioning Service Operation Vessel (CSOV), Windward Munich, in Hamburg on September 22, bringing together customers, partners and representatives from the Offshore Wind and Maritime Industries at the dawn of WindEnergy Hamburg.The ‘Windward Munich’ is the third vessel in the Windward offshore fleet. Built by VARD Vung Tau in Vietnam, she is the first of two vessels in the fleet to feature a helicopter landing deck. She follows the ‘Windward Athens,’ delivered in September 2025, and the ‘Windward Paris,’ delivered in January 2026.

India's federal Ministry of Mines said on Wednesday it would launch the auction of offshore mineral blocks in the Andaman Sea on Thursday, reviving a push to develop domestic deep-sea mining after an earlier attempt failed to draw bids.The auction will cover two blocks in the Andaman Sea for the grant of a composite licence, the ministry said, adding that the move followed changes to the law in 2023 that allowed it to auction offshore mineral blocks.India announced its first offshore mineral auction in November 2024, offering 13 blocks, but cancelled that sale in December 2025 after repeated d

Solstad Maritime has been awarded contracts for two anchor handling tug supply vessels (AHTS) for drilling support work in the Asia-Pacific region.The combined firm value estimated at the upper end of a $10 million and $30 million range, according to the Norwegian vessel owner.The contracts for the Normand Scorpion and Normand Saracen have a combined firm duration of 475 days and are expected to start in the second and third quarters of 2027.The agreements also include a combined 400 days of options beyond the firm periods.Both vessels measure 87.4 meters in length with a 21-meter beam.

Bernhard Schulte Shipmanagement (BSM) has agreed to acquire a 50% stake in Norwegian offshore recruitment and crewing specialist OffshoreCrew, expanding its services for offshore and maritime customers.Kristiansand-based OffshoreCrew provides recruitment, staffing and crew management services for the oil and gas, offshore wind and subsea sectors, supported by a database of around 30,000 offshore professionals.The investment will expand BSM's offshore crewing capabilities beyond its existing technical and crew management services…