Offshore News

HD Hyundai and Kiewit Maritime Co. have announced plans to establish a joint venture to develop a new shipyard in the United States, targeting the start of construction in 2027 and full-scale operations in 2029.The proposed venture, HD Kiewit Shipbuilding LLC, would combine HD Hyundai's shipbuilding technology and shipyard operating expertise with Kiewit's engineering, construction and fabrication capabilities, the companies said.The shipyard is planned for an existing industrial site with deep water and unrestricted access to the Gulf…

The United Arab Emirates said efforts were under way on Friday to contain oil leaking from a tanker vessel offshore that prompted authorities to close beaches and warn fishermen to avoid the area.Since the start of the US-Israeli war with Iran, attacks on commercial vessels in Gulf shipping lanes have driven up security risks for maritime traffic and heightened fears over the conflict's environmental fallout.The UAE's Ministry of Climate Change and Environment said in a statement…

Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together traditional employee benefits with specialist Crisis Response protection, designed for companies employing personnel working in the international energy and offshore sectors.The launch represents an expansion for Crewsure, as the company already provides specialist MLC crew benefits for personnel working aboard drilling ships and other maritime assets.

Canada Pension Plan Investment Board (CPP Investments) and OMERS have agreed to sell their combined 63.9% stake in Associated British Ports (ABP) to a fund managed by IFM Investors, in a deal expected to close in the first half of 2027.Under the agreement announced on October 21, CPP Investments will sell its entire 33.9% holding, while OMERS will dispose of its 30% stake in the UK ports operator.IFM Investors is a global asset manager, founded and owned by Australian pension funds and the UK pension fund…

Norwegian offshore vessel owner DOF Group has secured a subsea installation contract in Africa, with its Skandi Acergy construction support vessel (CSV) scheduled to undertake the offshore campaign in early 2027.The contract, valued at between $15 million and $25 million, covers project management, engineering, logistics and offshore execution services for the transportation and installation of subsea production systems (SPS) at deepwater field developments.The offshore campaign…

Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2.82, or 2.59%, to $111.64 a barrel at 0626 GMT, close to a five-month high. US West Texas Intermediate crude CLc1 gained $2.24, or 2.31%, to $99.39."Oil prices remain well bid, with ICE Brent back above $110 per barrel this morning following additional deadly attacks on Saudi Arabia…

Iran's Islamic Revolutionary Guard Corps Navy said on Thursday that four vessels involved in illegal oil transfers in the northern Persian Gulf were simultaneously hit and caught fire after being tracked by its forces on Wednesday.The IRGC added that three more vessels collided with mines west of the Strait of Hormuz, and warned the US military that continued provocations could lead to a wider response against its regional bases.(Reuters - Reporting by Tala Ramadan; Editing by Jacqueline Wong)

OEG Marine Services has ordered three additional crew transfer vessels (CTVs) from Diverse Marine, expanding its offshore wind support fleet under a newbuilding program scheduled for delivery throughout 2027.The vessels will be built to the BREVITY SL Class design developed by Chartwell Marine, with each measuring 26 metres in overall length and having a load line length of less than 24 metres.All three CTVs will be constructed to the same specification, classed by Bureau Veritas…

Norwegian energy company Equinor and Sharjah National Oil Corporation (SNOC) have signed a memorandum of understanding (MoU) to explore cooperation in liquefied petroleum gas (LPG) and natural gas liquids (NGL) shipping, storage, trading and logistics in the United Arab Emirates.The agreement, announced on October 20, establishes a framework for assessing potential business opportunities across the downstream oil and gas sector.The companies will evaluate cooperation in infrastructure…

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 applications.Held on October 15 at the Caravelle Saigon Hotel as part of France Vietnam Forward…

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, mooring and station-keeping systems, as well as associated safety and utility systems.DNV said the approval strengthens its ability to provide technical expertise…

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, shifting the project's focus towards research…

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, shifting the project's focus towards research, technology optimization and testing for future commercial developments.Kumagai Gumi will contribute expertise in construction, focusing on improving future decommissioning…

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, as well as the design, supply and installation of inter-array cables.The project is planned for the outer Firth of Forth…

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, as well as the design, supply and installation of inter-array cables.The project is planned for the outer Firth of Forth, approximately 38 kilometers off the Scottish Borders coastline, with water depths averaging 52 meters and reaching up to 59.7 meters.According to SSE…

Twelve migrants drowned in two separate incidents off the Greek islands of Lesbos and Samos in the northeastern Aegean Sea on Monday, after their boats capsized as the coast guard chased them, authorities said.Five men and one woman died after a speedboat carrying migrants from Turkey made a sudden manoeuvre and overturned roughly four nautical miles north of Samos, the Greek coast guard said.Fourteen men survived and a search-and-rescue operation was under way. Authorities arrested one of the survivors…

German defense contractor Rheinmetall and Swiss shipping company MSC have won an auction to acquire Romania's Mangalia shipyard for approximately $155 million (€138 million), with plans to develop the facility for both commercial and military shipbuilding.The acquisition, expected to be completed within a few weeks, will be jointly funded by the two companies, Rheinmetall said.The shipyard, located south of Constanța, will be developed into a dual-use facility serving domestic and international markets…

Iran's Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency IRNA reported.State media said both tankers were carrying about 2 million barrels of crude oil.There was no independent confirmation of the reports.IRNA reported that the vessels had switched off their positioning and radar systems and attempted to use an unauthorised route through the strategic waterway.

Norwegian offshore vessel owner Eidesvik Offshore has secured a contract extension from Equinor for its platform supply vessel (PSV) Viking Avant, keeping the vessel under contract until the end of 2027.The extension follows directly from the current contract and includes an option for a further extension, according to Eidesvik."Viking Avant has served Equinor since delivery in 2004, and we are pleased to extend our collaboration on current market terms. The extension reflects the consistent performance of the vessel and her crew…

Shippers' appetite for lower-carbon marine fuels weakened this year as the fate of a regulatory emissions framework from the International Maritime Organization (IMO) remained cloudy while some are using carbon credits, industry executives said.IMO member nations are set to meet by early November on the formal adoption of a net-zero framework to guide the industry towards zero carbon emissions by 2050, after last year's vote to delay the move.Demand for marine biofuel, a more readily available alternative fuel on which shippers have focused more…

Greece said on Thursday the developer of an EU-backed undersea power cable scheme in the eastern Mediterranean has applied for a license to resume seabed surveying, key for the long-delayed project to move ahead.Construction of the Great Sea Interconnector (GSI) aims to link the European mainland to Cyprus and later Israel, but is opposed by Turkey.US Secretary of State Marco Rubio in Athens last week said the US was "very committed" to the project as it promotes energy supply diversification…

DEME has secured a contract worth between $56 million and $168 million for the transportation and installation of 69 wind turbines at the Zeevonk offshore wind farm in the Dutch North Sea, expanding its role in the approximately 1 GW project.The company will deploy its next-generation jack-up offshore transport and installation vessel, Norse Energi, to install the turbines during the first phase of the development.The latest award, valued between $56 million and $168 (€50 million and €150 million)…

Rescuers were searching for seven missing crew on Thursday from one of two chemical tankers that caught fire overnight inside Romanian territorial waters in the Black Sea, after Russian drones strayed into Romanian airspace, Romanian officials said.Romanian officials stopped short of explicitly linking the fires onboard the ships to the Russian drones. But the incidents follow drone strikes on at least five other cargo ships near the coasts of Romania and neighbouring fellow NATO member Bulgaria over the past 10 days.

Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war, the buffers that helped absorb the initial energy shock – most notably onshore crude oil stockpiles – are wearing dangerously thin. At the same time, the recovery in crude exports through the Strait of Hormuz remains fragile…

PetroChina International on Thursday will use liquefied natural gas to bunker a vessel in Singapore for the first time, Chairman Wu Junli said, widening the alternative-fuel options it can offer shipowners at the world's top refuelling port.The trading arm of Chinese state major PetroChina 601857.SS was one of eight firms that received LNG bunkering licences from the Singapore government, and it also has a licence to supply methanol to ships.PetroChina will also complete the acquisition of a methanol bunker vessel on Friday, Wu told the Singapore International Bunkering conference.Citing Clark

Norwegian offshore vessel owner DOF Group has secured a contract extension for its construction support vessel (CSV) Skandi Nomad.The 12-month extension will keep the vessel on firm contract until November 2027.The extension follows the exercise of an existing contract option, DOF said.The company classified the value of the option period as limited, representing a contract worth less than $15 million under its contract value reporting system.Skandi Nomad, built in 2010, is designed for subsea operations across a range of water depths and environmental conditions.

A Japanese consortium led by shipping giant NYK Line has developed a new port-based floating data center concept designed to accelerate the commercialization of offshore data centers while addressing growing constraints on land availability, electrical power and construction timelines.The consortium, comprising Nippon Yusen Kabushiki Kaisha (NYK), NTT FACILITIES, Eurus Energy Holdings and MUFG Bank, envisions floating data centers moored alongside existing port quays, leveraging…

Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the Strait of Hormuz since the US and Israel launched strikes against Iran on February 28. It has restricted passage through the waterway, which carried about a fifth of global oil and liquefied natural gas trade before the war, in an effort to gain leverage over Washington.Its threats and attacks have severely curtailed traffic through the strait…

A Ukrainian ex-military officer goes on trial in Germany on Wednesday, accused of organising the secret operation that blew up the Nord Stream gas pipelines in September 2022, severing western Europe from the biggest source of Russian natural gas.The suspect, identified under German privacy rules only as Serhii K., is accused of leading a group of Ukrainian agents including divers and an explosives expert to mount one of the biggest infrastructure sabotage operations of modern…

A Ukrainian ex-military officer goes on trial in Germany on Wednesday, accused of organising the secret operation that blew up the Nord Stream gas pipelines in September 2022, severing western Europe from the biggest source of Russian natural gas.The suspect, identified under German privacy rules only as Serhii K., is accused of leading a group of Ukrainian agents including divers and an explosives expert to mount one of the biggest infrastructure sabotage operations of modern times.The case will provide the first opportunity for a public hearing of evidence gathered during a years-long investigation, which has been diplomatically and…

Wärtsilä has signed a five-year service agreement with Finnish ferry operator Viking Line covering the passenger ferry Viking XPRS, expanding the companies' maintenance partnership to a third vessel.The agreement covers the vessel's Wärtsilä engines and includes maintenance planning, scheduled spare parts, tailored maintenance support and a dedicated contract manager responsible for overseeing maintenance activities.The contract is designed to improve engine reliability, operational…

Asia LNG Transport (ALT), a joint venture between NYK and MISC Berhad, has signed a long-term time-charter contract with Malaysia LNG for a newbuild liquefied natural gas (LNG) carrier that will transport LNG to Japan.The vessel will be constructed by Hudong-Zhonghua Shipbuilding in China, with delivery scheduled for 2028.Following delivery, the carrier will be deployed in LNG transportation services to Japan under the charter agreement.The vessel will have a cargo tank capacity of 18…

Kongsberg Maritime has secured a contract with IWS Fleet, a subsidiary of Integrated Wind Solutions (IWS), to provide vessel design and integrated technology systems for four new commissioning service operation vessels (CSOVs) intended for offshore wind operations.Kongsberg Maritime's scope includes electrical power systems, navigation and bridge systems, propulsion, deck machinery, dynamic positioning systems and overall system integration.Each vessel will feature a double-ended design with four rim-drive azimuth thrusters…

Marlink has completed the ‘world's first’ upgrade of an existing Intellian C700 Iridium Certus terminal to a fully commissioned Iridium Global Maritime Distress and Safety System (GMDSS) aboard Fugro's offshore supply vessel Fugro Revelation.The upgrade, carried out in partnership with Intellian Technologies and Iridium Communications, enables the vessel to access Iridium GMDSS services without replacing its existing satellite communications terminal.The system provides distress alerting…

Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.Two cargo ships were hit by drones overnight and one was sunk, Bulgarian officials said. Bulgaria stopped short of explicitly accusing Russia of carrying out the attacks but Prime Minister Rumen Radev said their outcome "benefits the Russian Federation".There…

PowerCell Group has received a follow-up order worth $2.7 million (SEK 27 million) from GMI Group for fuel cell systems and engineering services for two additional hydrogen-electric bulk carriers, expanding the collaboration from two to four vessels.The order covers 10 Marine System 225 fuel cell units, providing more than 2 MW of power, with deliveries scheduled between 2027 and 2028.The agreement follows an initial order placed in September 2025 and brings PowerCell's total supply across the four vessels to 24 Marine System 225 units…

Bibby Marine has launched its new battery-first electric commissioning service operation vessel (eCSOV) at Armon Shipyard in Vigo, Spain, ahead of its planned delivery in 2027.The vessel, which will carry the name Staffordshire, entered the water on October 10 and will undergo further outfitting at the shipyard over the coming months, including the installation of its battery systems.Unlike conventional hybrid-assist designs, the eCSOV is designed to use its energy storage system…

Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.The chief executives of ExxonMobil, TotalEnergies, Shell, Chevron and BP had all been expected at the event, which began on Sunday, but were no longer on the agenda that conference organizers released early Monday.“To everyone who travelled to Riyadh, thank you…

Iran is still reviewing a US response to its proposal regarding the reopening of the Strait of Hormuz and will reply to Washington via intermediaries when the review is over, foreign ministry spokesperson Esmaeil Baghaei said on Monday.Baghaei also told a press conference that Iran continues to exchange messages via intermediaries, without elaborating. Qatar and Pakistan, among others, have acted as mediators in efforts to end the war that began with US and Israeli strikes on Iran on February 28.After a June interim ceasefire crumbled and on-off strikes resumed…

Abu Dhabi-based NMDC Group has inaugurated its new Abu Al Bakhoush heavy-duty cutter suction dredger in Nantong, China, expanding its fleet of more than 170 vessels and strengthening its capacity for offshore and marine infrastructure projects.Built by Jiangsu Haixin Shipping Heavy Industry, the self-propelled vessel measures 148 meters in length and has a maximum dredging depth of 38 meters.The dredger is equipped with a 7.8 MW cutter and total installed power of 30,040 kW, enabling it to undertake heavy-duty rock cutting and dredging operations for offshore trenches…

KENC Engineering has delivered and commissioned a semi-automated boat landing system for Nexans' cable-laying vessel (CLV) Nexans Electra, enabling the equipment to be deployed and secured without using the vessel's crane.The system allows a single operator to deploy and secure the boat landing without additional rigging, reducing manual handling requirements during offshore operations.KENC developed a mechanical movement system incorporating gearboxes and a compact electric motor…

Japanese shipping company NYK has conducted a maritime emergency response drill simulating the grounding of a large bulk carrier and a subsequent fuel oil spill in Japan's Seto Inland Sea.The full-day exercise, held on September 30, involved a simulated accident aboard an NYK-owned and operated bulk carrier managed by NYK Bulkship Partners (NBSP), an NYK Group company.The scenario involved a vessel approximately 300 meters long and measuring about 100,000 gross tons suffering…

CMB.TECH's Mineral Europa, described by the company as the world's first ammonia-powered dry bulk vessel, has embarked on its maiden voyage to Australia, signalling a significant step forward for alternative-fuel shipping.The 210,000-deadweight-tonne vessel, built in 2026, is the first of 21 ammonia-powered ships scheduled to join CMB.TECH's fleet by 2029.The company's ammonia-powered newbuilding program comprises 18 dry bulk carriers, one container ship and two chemical tankers…

The topsides and jackets for two offshore substations serving Germany's 927 MW Gennaker offshore wind farm have departed the Netherlands for installation in the Baltic Sea as part of the OST-6-1 offshore grid connection project.The OSS Zingst and OSS Darß substations are being delivered by the HSI joint venture, comprising Smulders HSM and Iv, under an engineering, procurement, construction, installation and commissioning (EPCIC) contract.The substations, each with a capacity of approximately 450 MW…

Azane Fuel Solutions has received approval from Norway's Directorate for Civil Protection (DSB) to conduct a test bunkering of up to 73 tonnes of ammonia aboard the Viking Energy platform supply vessel (PSV), marking a milestone in its conversion to ammonia propulsion. The operation is scheduled for October or November 2026 at Stord, Norway, as part of the commissioning of ammonia fuel systems being installed under the Apollo project. Ammonia will be transferred to the vessel from up to three tank trailers…

The US imposed fresh sanctions on Iran on Thursday, targeting individuals, networks and 17 vessels for transporting Iranian crude, oil products and petrochemicals, the Treasury Department said, as Washington stepped up economic pressure on Tehran.The sanctions are part of the department's "Operation Economic Outcast," which aims to cut Iran's funding for the war with the US, missile construction, cyberattacks and the Islamic Revolutionary Guard Corps, or IRGC."Today's action represents…

Lamprell has signed an agreement with International Maritime Industries (IMI) to fabricate several offshore structures, including a production platform and jackets, at IMI's Ras Al-Khair facility in Saudi Arabia.The fabrication work forms part of an offshore engineering, procurement, construction and installation (EPCI) project being delivered by Lamprell.The agreement marks the first offshore production platform and jacket fabrication scope undertaken at IMI's Ras Al-Khair yard…

Seatrium has secured an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Excelerate Energy to convert an LNG carrier into a floating storage and regasification unit (FSRU), with an option for a second conversion.The project marks Seatrium's first EPCIC FSRU conversion contract for Excelerate Energy, with engineering work expected to begin in the fourth quarter of 2026 and delivery targeted for 2028.The contract covers the installation and integration of regasification facilities…

Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high fuel prices as the Iran war squeezes global supplies.Brent crude futures LCOc1 settled down 38 cents, or 0.38%, at $100.20 a barrel. US West Texas Intermediate (WTI) crude futures CLc1 settled down $1.16, or 1.3%, to $88.28.The IEA said completing previously announced releases as quickly as possible could bring around 100 million barrels to market…

Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer said was its largest service contract of its kind to date.The agreement covers inspection, maintenance and training for Framo pumps installed across the fleet, including seawater lift, firewater, cargo and water injection systems.Work…

BMT has launched a submarine training initiative in Canada aimed at developing the engineering and technical expertise needed to support the country's plans for a new generation of submarines.Canada's Canadian Patrol Submarine Project is intended to replace the Victoria-class fleet with up to 12 modern submarines, creating a long-term requirement for personnel, industrial capacity and technical expertise to support the vessels throughout their service lives.The in-person course…

Danish contractor Cadeler has completed installation of all 76 wind turbines at the 1.2 GW Baltic Power project, Poland's first offshore wind farm, using its jack-up vessels Wind Osprey and Wind Mover.The completion of the turbine campaign moves Baltic Power into the final stages of preparation for full commissioning and operation after the project delivered first power to Poland's national grid in July 2026.Cadeler installed 76 Vestas V236-15 MW turbines at the Baltic Sea project.

Twelve crew members were injured after an unknown projectile struck Panama-flagged oil tanker On Peace while it was passing through the Strait of Hormuz, India's foreign ministry said on Tuesday.A tanker was attacked on Monday causing a fire in its engine room, the United Kingdom Maritime Trade Operations agency reported without naming the vessel."With the assistance of Omani authorities, the injured crew have since been evacuated and are receiving medical treatment in Khasab, Oman," the foreign ministry said in a statement.Eleven of the 12 injured crew members are Indian nationals, it said, a

Bulgaria has halted its search for the missing crew of a ship that sank after being hit by a drone about 70 nautical miles (130 km) off its coast, Vice-Admiral Rumen Nikolov of the Maritime Administration Executive Agency said on Wednesday.Early on Tuesday, two ships were hit in a drone attack in Bulgaria's Black Sea exclusive economic zone. One sank and the other was damaged. The crew of the damaged ship were rescued, but the crew of the sunken one remain missing.Nikolov said 12 crew members were believed to have been on board the ship which sank, all of them from Syria.

Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures LCOc1 rose 81 cents, or 0.8%, to $101.39 a barrel by 0635 GMT. US West Texas Intermediate (WTI) crude futures CLc1 gained 61 cents, or 0.7%, to $90.05 a barrel.US forecasters said on Tuesday a storm forming in the Gulf of Mexico would become…

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.

RINA and Thailand's PTT have signed two memoranda of understanding (MoU) to explore technologies spanning low-carbon fuels, vessel electrification, hydrogen and carbon management across the energy, industrial and maritime sectors.The agreements, signed through the PTT Innovation Institute, establish a framework for research, technical cooperation, knowledge sharing and exchange of expertise between the companies.Areas under consideration include alternative and low-carbon fuels…

Incat Crowther will provide naval architecture and design services to America’s largest shipbuilder HII for ROMULUS unmanned surface vessels (USVs) being built under the U.S. Navy's Medium Unmanned Surface Vessel (MUSV) program.HII has been awarded a U.S. Navy contract to build the vessels, with Incat Crowther supporting the program through its Louisiana-based team as a member of the ROMULUS project team.ROMULUS is a modular family of AI-enabled unmanned surface vessels based on HII's open-architecture Odyssey Advanced Autonomy Solutions and designed to address current and emerging U.S.

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…

Sanmar Shipyards will build six new tugs for FAIRPLAY Towage Group under a fleet expansion program covering vessels for harbor, escort and offshore operations, with deliveries scheduled throughout 2027 and 2028.The order comprises three Robert Allan-designed vessel classes with bollard pulls ranging from 80 to 120 tonnes. All six will feature IMO Tier III-compliant main engines, Ice Class notation and FiFi 1 firefighting capability.The largest vessel will be a RAmpage 4200 offshore tug with 120 tonnes of bollard pull…

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…

DNV has appointed Océane King as head of its Miami Cruise Center, bringing her back to the classification society after seven years at Royal Caribbean Group, where she worked on maritime technology, fleet innovation and decarbonization.King will lead the center's work with cruise operators and industry partners across technical, environmental and operational areas.The Miami Cruise Center serves as DNV's dedicated hub for the North American cruise market, providing classification…

Veson Nautical has integrated Q88, Q88 Dry, VesselsValue, Shipfix Chartering & Trading and Milbros into its Veson Platform, extending its CoCaptain artificial intelligence (AI) technology across a wider range of commercial maritime workflows.The products join IMOS on a common platform foundation, allowing users to access their existing products through a single login and workspace while retaining their current subscriptions, permissions, configurations and standalone access.CoCaptain…

Meyer Werft has laid the keel for Disney Cruise Line's new Disney Believe, placing a specially minted Tinker Bell coin beneath it as construction of the 144,000-GT cruise ship advances in Papenburg in Germany.The traditional ceremony marked the start of assembly of the vessel's second gigablock. Its first gigablock left Meyer Werft's more than 500-metre-long covered building dock in September and is now at the shipyard's outfitting quay.The coin placed beneath the keel features a portrait of Tinker Bell, who will also adorn the bow of Disney Believe.

Two people have died and 11 crew members have been rescued after the Royad Mammadov cargo ship sank in the Black Sea, Romanian authorities reported, while Ukrainian President Volodymyr Zelenskyy said the vessel had been struck by Russian drones.The incident occurred on October 5 in Romania's exclusive economic zone, about 30 nautical miles south of Sfântu Gheorghe and outside the country's territorial waters, according to Romania's Ministry of Internal Affairs.Zelenskyy said the vessel was carrying corn in neutral waters when it was sunk by Russian drones.

ADNOC Logistics & Services (ADNOC L&S) has ordered three 90,000-cubic-meter Very Large Gas Carriers (VLGCs) for a total investment of $324 million.The three newbuilds are scheduled for delivery in the second half of 2029, ADNOC L&S said.Upon delivery, the VLGCs will be deployed under seven-year contracts with ADNOC Global Trading.The investment is also valued at $324 million (AED 1.19 billion), according to ADNOC L&S.

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…

Ocean Network Express (ONE) and classification society ClassNK have launched a joint research project to measure the effectiveness of roll damping tanks (RDTs) on large container ships under actual operating and sea conditions.ONE will provide onboard measurement data from vessels in its fleet, while ClassNK will combine the data with numerical simulations to quantify the tanks' roll reduction performance.Roll damping tanks reduce a vessel's rolling motion through the controlled movement of liquid within a tank.

SFL Corporation has ordered two 93,000-cubic-metre Very Large Ammonia Carriers (VLACs) for about $216 million and secured long-term time charters for the newbuilds with an unnamed oil major.The vessels are scheduled for delivery from the second quarter of 2028 and will mark SFL's entry into the gas carrier segment.The associated charters will add a minimum of about $162 million to SFL's fixed-rate charter backlog. The initial charter duration will be determined within the next six months…

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…

Mitsui O.S.K. Lines' MOL Ocean Bulk has signed a 25-year contract with Vale International to transport iron ore using two 210,000-tonne ore carriers equipped with tri-fuel propulsion systems capable of running on ethanol, methanol and conventional heavy fuel oil.The vessels, described as the world's first ore carriers of their size with the tri-fuel propulsion system, are scheduled for delivery in 2030 and will primarily transport Vale's iron ore from Brazil to destinations worldwide…

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…

Windward is publishing intelligence reports on the crisis in the Gulf as the situation develops. From today’s brief:Three Chinese state-linked vessels ran survey work over Pacific cable corridors, covering the Guam cable hub, the Japan to U.S. cables east of Japan, and the Luzon Strait.In northern Europe, two sanctioned tankers that loaded at Primorsk a day apart ran matching drift-and-reposition loiters over the gas pipelines feeding St Fergus, the terminal supplying 25 to 50% of Britain's gas…

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…

Orders for alternative-fuelled vessels reached 168 in the third quarter of 2026, the highest quarterly total in two years, as contracting activity accelerated following a slower start to the year, figures from DNV’s Alternative Fuels Insight (AFI) platform showed.September accounted for 69 orders, the highest monthly total since October 2024, according to DNV’s AFI.A total of 311 alternative-fuelled vessels have been ordered so far in 2026, up 53% from the same period last year.LNG dominated September contracting with 48 vessel orders spanning containerships…

KOTUG International has acquired a majority stake in Dubai-based Vortex Offshore, expanding its vessel fleet and offshore maritime operations in the Middle East.Vortex Offshore operates 11 offshore vessels in the region and has another four under construction, supporting offshore energy, marine transportation, towage and related maritime activities.The acquisition builds on KOTUG's existing Middle East operations, which include subsea services, vessel management and the management…

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…

American Bureau of Shipping (ABS), HD Korea Shipbuilding & Offshore Engineering (HDKSOE) and Siemens have signed a memorandum of understanding to develop digital twin technology for assessing leak behavior and safety aboard ammonia-fueled vessels.The collaboration, announced at Gastech 2026, will combine computational fluid dynamics analysis with digital twin technology to rapidly predict how ammonia would disperse in the event of a leak.The technology is intended to allow a range…

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…

Three Liberian-flagged oil tankers were struck by unknown projectiles when transiting the Strait of Hormuz on Tuesday, shipping intelligence service Marisks said.The vessels had been moving through the strait with their Automatic Identification System transponders turned off to avoid detection, Marisks said in a report late on Wednesday.Oil products tanker Al Ruwais was last seen as having conducted a ship-to-ship transfer off Sohar, Oman, in late September to discharge its diesel cargo, data from analytics firm Kpler showed.Very large crude carrier Mersin Prosperity also made a ship-to-ship t

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…

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

A nuclear-powered liquefied natural gas (LNG) carrier could cost about 2.5 times as much to build as a conventional vessel but substantially reduce fuel costs over its operating life, according to a joint study involving ABS, Blossom Energy and a global shipping company.Presented at Gastech 2026, the study assessed a 174,000-cubic-metre LNG carrier equipped with a 20-25 MWe high-temperature gas-cooled reactor being developed by Blossom Energy.The study compared the vessel's arrangement…

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.

Samsung Heavy Industries has signed a $226 million (KRW 307.4 billion) contract to build two very large gas carriers (VLGCs) for an undisclosed shipowner in Bermuda, according to a Korean stock exchange regulatory filing.The contract was signed on September 29 and runs through February 28, 2030, with the end date based on the vessels' delivery date.Payments will be made according to construction progress, with the contract including an advance payment.The order represents 2.9%…

Somali pirates killed five crew members of the hijacked MT Honour 25 petroleum products tanker before it was rescued by security forces, Somalia's semi-autonomous state of Puntland said on Tuesday.Puntland's authorities said they also rescued a second vessel on Tuesday that had been hijacked in May.The deaths aboard the Palau-flagged ship appear to be the first at the hands of Somali pirates in over a decade.The ship with 17 crew members was seized by pirates in April during a resurgence of Somali piracy that experts have attributed…

GTT Marine and Normec Verifavia have integrated their digital platforms to automate the exchange and verification of vessel emissions data, aiming to simplify regulatory compliance for shipping operators.The integration connects GTT Marine's Vesper Insights with the Normec Verifavia Emissions Verification dashboard, allowing vessel performance, voyage and emissions data to be transferred directly between the platforms.The companies said the connection eliminates manual file exchanges…

Mitsui O.S.K. Lines (MOL) has signed an agreement with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) to operate the Arctic research vessel Mirai II, with operations scheduled to start in December 2026.The Mirai II will serve as an international research platform and will be the first Japanese research vessel equipped with icebreaking capability. Its first Arctic Ocean expedition is scheduled for around summer 2027.MOL has been preparing to establish the vessel's operational framework since it was selected in 2023 as its prospective operator…

Marlink and the Nordic Maritime Cyber Resilience Centre (NORMA Cyber) have launched a combined service linking fleet-wide cyber threat monitoring with incident response, with Höegh Autoliners among the first operators to deploy it across its entire fleet.The service combines NORMA Cyber's independent security monitoring and initial threat analysis with Marlink's maritime cybersecurity and incident response capabilities.Marlink's log-forwarding technology streams real-time security…

Opsealog has published a whitepaper identifying what it calls a ‘missing loop’ between data collection and operational decision-making in offshore fleets, drawing on 10 years of work across more than 1,000 offshore support vessels.The study, The Conversion Gap: What Offshore Fleets Lose Between Data and Decision, argues that offshore operators increasingly have access to sufficient data but often lack the processes needed to translate it into changes in vessel operations.Opsealog identified three elements required for that conversion: accountability for reading the data…

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…

Chinese workboat and specialist vessel builder Jianglong Shipbuilding Technology has signed contracts worth $40 million to build two 78-meter multi-purpose offshore supply vessels for an undisclosed customer, with deliveries scheduled for 2028.The first vessel is due to be delivered on or before June 19, 2028, followed by the second on or before August 18, 2028. Payments will be made in installments as construction progresses.The contract value, which excludes owner-supplied items…

Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region.Brent crude futures for November LCOc1 rose $1.71, or 1.6%, to $106.99 a barrel at 0626 GMT, while the more actively traded Brent December contract LCOc2 rose $1.68 to $99.51 a barrel. Meanwhile, US West Texas Intermediate crude CLc1 was at $94, up $1.4, or 1.5%.A day earlier…

Dajin Heavy Industry has selected Ulstein's ULSTEIN HX122 design for an offshore installation vessel capable of installing future 4XL monopiles, expanding the offshore wind foundation supplier's activities into offshore installation.The vessel, designed by Ulstein Design & Solutions in the Netherlands, is intended to install monopiles, jacket foundations and offshore substations. It will also be capable of supporting oil and gas construction and decommissioning work.The project will expand Dajin's capabilities beyond manufacturing…

Mermaid Maritime has established a joint venture with Nigerian oilfield services company Marine Platforms Limited to pursue subsea work for TotalEnergies Nigeria and other oil and gas operators in the country.The new company, Mermaid Subsea Services Limited, will be 49% owned by Mermaid Subsea Oil and Gas Services, a wholly owned subsidiary of Mermaid Maritime, while Marine Platforms will hold 51%.The venture is intended to allow direct operational engagement with TotalEnergies Nigeria and other oil and gas companies while meeting Nigerian local content…

More QatarEnergy-linked liquefied natural gas vessels, laden and in ballast, have transited the Strait of Hormuz in the last week despite the US-Iran conflict.In August, Kpler data showed no visible transits by Qatar-linked LNG vessels or vessels carrying cargoes from the Ras Laffan gas terminal, amid fears of attack by Iran, which has tried to throttle traffic through the Strait.Some may have got through undetected if they kept their transponders off, but this month, visible…

The death toll from an Indonesian ship that capsized more than two weeks ago rose to 71on Monday, as divers braved leaking fuel and dangerously unsound structures to try to find passengers still listed as missing.The Virgo Transport 8 ferry was carrying 243 people when it capsized in bad weather in the Java Sea on September 13 during a voyage from Surabaya in East Java to Banjarmasin in South Kalimantan. Authorities said 108 people survived.Divers were navigating through unstable debris on the 16th day of the search…

NYK Line has ordered a new service operation vessel (SOV) from PaxOcean Group for offshore wind projects in Taiwan and the wider Asia-Pacific region, with delivery planned around 2029.PaxOcean will build the vessel at its Graha yard in Batam, Indonesia, while Ulstein Design & Solutions will provide the design and engineering package based on its SX222 platform.The 89.6-metre-long, 19.2-metre-wide vessel will accommodate up to 120 people and support offshore wind construction, operations and maintenance…

Louis Dreyfus Armateurs (LD Armateurs) has taken delivery of the DP2 multipurpose support vessel TVO Mariner for its LD TravOcean subsidiary, expanding its capacity for subsea cable installation, repair and protection work.The vessel, delivered to the group in mid-September, will support telecommunications cable installation and repairs, trenching and deepwater ROV operations, as well as offshore wind projects.“The TVO Mariner gives us full ownership on project execution for submarine cable installation and repairs, trenching services and deep water ROV operations.

TKMS and EDGE Group have signed a memorandum of understanding to explore jointly developing underwater surveillance and protection capabilities combining multiple platforms and sensor systems.The companies plan to evaluate an integrated multi-system approach to underwater security, combining TKMS's platform capabilities with EDGE's systems expertise to provide surveillance, protection and a comprehensive situational picture of the underwater domain.The MoU was signed as part of…

Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said. That has reduced ship availability, raising shipping costs and increasing the time…

Crude oil flows out of the Strait of Hormuz reached 33.7 million barrels so far in the week starting September 20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week's levels.The traffic comprised 19 tankers, of which 17 are very large crude carriers (VLCCs) that can carry 2 million barrels of oil, the data showed. Most of the tankers are laden with crude from Saudi Arabia, followed by Iraq.For the full previous week…

The US Senate is nearing a deal to reform laws to speed up permitting of large infrastructure projects after the White House compromised on how renewable energy is treated, though a vote is uncertain before the midterm elections, a top Senate Democrat said on Thursday.Senators Sheldon Whitehouse, the top Democrat on the environment committee, and fellow Democrat Martin Heinrich have negotiated permitting legislation with Republican counterparts for months, after the talks had been cut off in December when President Donald Trump halted five near-complete offshore East Coast wind farms.Whitehous

Van Oord has named its two next-generation flexible fallpipe vessels Vindnes and Vestnes, with the 35,000-tonne-capacity ships scheduled for delivery in 2028 and 2029.The purpose-built vessels, currently under construction at Yantai CIMC Raffles Offshore in China, will expand Van Oord's subsea rock installation capacity for offshore wind, interconnector and other energy infrastructure projects.Unlike converted vessels, Vindnes and Vestnes have been designed specifically for subsea rock installation…

Fincantieri's Norwegian subsidiary Vard has signed a contract, worth between $76 million and $86 million, to build a commissioning service operation vessel (CSOV) for Dong Fang Offshore, marking the fifth vessel ordered by the Taiwan-based marine contractor from the shipbuilder.The vessel will be based on VARD 4 39 design and adapted for subsea operations, offshore wind installation and maintenance, as well as cable laying and repair work.Measuring about 102.5 meters long and 19.5 meters wide…

U.S.-based provider of logistics, marine and energy solutions Crowley has appointed Brea Schmidt as chief financial officer, putting her in charge of financial strategy and capital allocation across the company's logistics, shipping, government and energy businesses.Schmidt, who joined Crowley in 2025 as vice president of finance, will oversee fiscal planning, capital allocation and governance, including financial oversight of investments in vessels, terminals and technology.