Royal Wagenborg, a Netherlands-based shipowner and operator, has revealed a ‘crucial’ progress update on the construction of what is being hailed as “the world’s first CO2 carrier.” As disclosed on March 11, 2025, the aft ship, which houses the main engine and other essential systems, has been trans
Total insured losses resulting from the allision between a Portuguese-flagged containership and a US-flagged tanker in the North Sea are anticipated to range between $100 million and $300 million for all coverages, according to a Canada-based global credit ratings agency.
Two container vessels belonging to China’s state-owned giant COSCO Shipping Lines recently powered up with B24 marine biofuel oil at two separate ports, marking what was described as another step forward in embracing clean fuels in the wake of accelerating global environmental efforts. The two ships
The Netherlands-based shipbuilder and designer Neptune Marine has commenced construction of a new cable maintenance vessel. The vessel named Altera will be 100 meters long and will be used for offshore cable maintenance work and offshore support services. According to Neptune Marine, it will be capa
China has cemented its position as the world’s top shipbuilding nation as it secured orders for 3,454 out of a total of 5,735 vessels in the current global orderbook.
South Korea’s shipbuilder Hanwha Ocean has hosted a steel-cutting ceremony for eight new liquefied natural gas (LNG) carriers being built as part of QatarEnergy’s historic LNG fleet expansion project. The vessels will be owned and operated by Qatar Gas Transport Company (Nakilat).
UK’s Port of Tyne has purchased the country’s first fully electric foiling pilot vessel in line with the Government’s Maritime 2050 strategy, reinforcing the port’s “commitment to innovation, sustainability, and a cleaner future for the maritime sector”.
Norwegian offshore vessel operator Havila Shipping has secured a contract extension for its subsea vessel Havila Harmony with Brazilian company OceanPact. Founded in 2007 in Rio de Janeiro, OceanPact offers services for the study, protection, monitoring and sustainable use of the sea, the coast and
Norwegian shipping company Odfjell has completed the first installation of a wind-assisted propulsion system (WAPS) on one of its vessels, the 49,000 dwt chemical tanker Bow Olympus.
Andorra-based marine battery manufacturer AYK Energy is set to manufacture and supply a battery system that would power the world’s ‘first-ever’ battery-electric methanol tug, currently under construction at Türkiye’s Uzmar shipyard. As disclosed, AYK Energy will outfit the tugboat—which will join D
Three Chinese shipyards secured orders for several stainless steel chemical tankers last week, Greek shipbroking services provider Intermodal informed.
Sefine Shipyard has contracted Techano Oceanlift, a subsidiary of Oslo-listed Nekkar, to deliver 150-tonne cranes for two newbuild construction support vessels (CSVs) ordered by Norwegian offshore energy vessel and service providers. One of the cranes is already in production for a CSV ordered joint
A collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, north of England, put both vessels on fire, which has since been brought under control.
The aft part of the highly customized hybrid power cable lay and construction vessel that VARD is building for the Japanese offshore wind market has arrived at the company’s Tulcea shipyard where it will be joined with the forward parts of the hull. The Norwegian ship designer and shipbuilder held t
