Vessels News

Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas, including optimizing transportation methods for liquefied carbon dioxide.The collaboration will cover multiple stages of project development, including concept studies, feasibility studies…

Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said.Since the war in Ukraine prompted European customers - once the biggest buyers of Russian oil and gas - to shun Moscow, India and China have accounted for around 80% of Russian oil exports. Turkey has also been a significant buyer.But in recent weeks…

Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will support initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds, as well as the potential acquisition and conversion of a scour protection vessel.According to Cadeler, the private placement was…

ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating injection system being considered for deployment in deepwater environments where subsea pipeline-based CO2 storage is not feasible.The certification confirms the feasibility of the carrier design from regulatory and safety perspectives…

Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning service operation vessel (CSOV) in European waters.The vessel was developed jointly by the two companies and constructed at Damen’s Ha Long Shipyard in Vietnam. It is designed to support construction, commissioning and maintenance activities across offshore energy projects.Windcat Amsterdam can accommodate up to 120 personnel and will serve as a floating base for offshore operations…

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has appointed Mark Offshore as commercial and operational manager for the vessel’s activities within the renewables and energy sectors.The addition of Mintis is aimed at supporting offshore wind, marine survey and nearshore energy projects, as…

Iran has told the United Nations Security Council and the International Maritime Organization that "non-hostile vessels" may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday.The U.S.-Israeli war against Iran has all but halted shipments of about one-fifth of the world's oil and liquefied natural gas through the strait, causing oil supply disruption.The note from Iran's Ministry of Foreign Affairs was sent to the 15-member Security Council and U.N. Secretary-General Antonio Guterres on Sunday.

An unknown projectile struck a vessel 15 nautical miles north of the United Arab Emirates' Sharjah, the United Kingdom Maritime Trade Operations (UKMTO) said early on Sunday.It said that all crew were reported safe.The UKMTO said in a later statement that the target of the incident could not be conclusively identified and authorities were investigating.(Reuters - Reporting by Menna Alaa El-Din; Editing by Nia Williams)

Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore construction support specialist said it has secured backing from Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for the purchase of the vessel Siem Day, which will be renamed NG Supporter. The total investment is valued at approximately $112 million.The two financial institutions are providing 70% of the funding, with a 10-year repayment term.

The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now, newbuild activity remains limited.On the Q3 2025 earnings call for listed company Tidewater (NYSE: TDW)…

Maersk Offshore Wind has officially christened its new Seatrium-built wind turbine installation vessel (WTIV) Maersk Viridis, marking the entry of the first vessel in the company’s new offshore wind installation fleet.The naming ceremony was held on board the vessel, where its godmother, Charlotte Nørkjær Larsen, formally named the ship by smashing a bottle of champagne against the main crane pedestal.Delivered by Seatrium, the 40,000-tonne vessel was recently delivered following sea trials and final readiness evaluations.

Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed.Iran has exported about 13.7 million barrels of crude oil since Israel and the U.S. launched attacks on the country on February 28, according to analysis from TankerTrackers.com, a maritime intelligence company that specializes in tracking the so-called shadow fleet…

Oil prices rose sharply on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, fuelling concerns of a prolonged conflict and potential disruptions to oil flows through the Strait of Hormuz.Brent futures LCOc1 climbed $5.95, or 6.47%, to $97.93 a barrel at 0915 GMT, having hit $100 per barrel in earlier trading, while U.S. West Texas Intermediate crude CLc1 was up $5.25, or 6%, to $92.50.Brent hit $119.50 a barrel on Monday, its highest since mid-2022, then dropped after U.S.

Bernhard Schulte Offshore (BSO) has taken delivery of a new commissioning service operation vessel (CSOV). The Windea Carnot, which was built at Ulstein Verft in Norway on behalf of an institutional investor, was handed over to its new owner, BSO, following completion.The Windea Carnot is the third of three sister ships built at Ulstein that BSO has integrated into its modern offshore fleet since the middle of last year. BSO now operates six specialized vessels serving the global offshore energy industry.“The offshore market offers promising prospects.

Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea vessel platform adapted to support large-scale trenching operations.Subsea trenching involves creating protective channels on the seabed to bury pipelines, power cables and telecommunications lines.The vessel design will feature a modular configuration allowing it to support activities across several offshore sectors…

N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel is underway following a keel-laying ceremony held in the final week of February. Delivery of the vessel is scheduled for April 2027.The vessel will measure about 69.85 meters in length with a beam of 15.77 meters and a draught of 4.5 meters.

Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery, where normally roughly 20% of the world's oil would pass through daily. Iran's Revolutionary Guards said on Tuesday they would not allow "one litre of oil" to be shipped from the Middle East if U.S.

2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region.Compared to 2024, the composite dayrates, calculated as a weighted average across size categories, declined by approximately 16% for PSVs and 14% for AHTS vessels. In tandem, utilization also softened, with the number of working vessels down 19% and 8% respectively…

Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s engineering and project execution expertise with Zamakona’s shipyard infrastructure and marine services capabilities. Operations at the Las Palmas facility have already begun.The shipyard is designed to support rig owners, offshore operators and special vessel clients by providing integrated services covering upgrades…

Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support vessel market.The vessels are scheduled for delivery in 2027. MOL has also decided to invest in Germany-based offshore vessel developer and operator Deutsche Offshore Schifffahrt (DOS), which will operate the ships.The move expands MOL’s offshore wind vessel business beyond Asia…

Deutsche Offshore Schifffahrt (DO) has started construction of a new fleet of construction commissioning service operation vessels (C-CSOVs), with the first steel cut for the lead vessel DO Joule at CSSC Huangpu Wenchong Shipyard in Guangzhou, China.The vessel is the first in a series of four ships ordered by Schoeller Holdings, with all vessels to be built to identical specifications.Columbia Shipmanagement will provide technical management of the vessels, while DO will act as developer…

Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed, both of which are under long-term charter by state-owned QatarEnergy, are being offered to the market, the report said citing traders with knowledge of the matter.Reuters could not immediately verify the report.(Reuters - Reporting by Devika Nair in Bengaluru; Editing by Jacqueline Wong)

Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will be implemented through the incorporation of CBO’s holding company into OceanPact, according to a regulatory filing. Completion of the deal is subject to approval by Brazil’s antitrust regulator CADE and other customary conditions, including approval by shareholders and consent from creditors.Once completed…