Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.The company said the divestments form part of its strategy to rationalize non-core assets…
Navantia UK welcomed the Secretary of State for Northern Ireland, Rt Hon Hilary Benn MP, to the Harland & Wolff shipyard, just over a year since the company’s acquisition and the launch of plans to revitalize the historic site for the future…
Damen Shipyards Group has signed a contract with Polidano for the delivery of two Combi Freighters (CF) 3850. The Malta-based company will use the vessels primarily for the transport of aggregates for its construction business. The new vessels…
GT Wings has signed a Memorandum of Understanding (MoU) with Zunsion Technology in China to establish a strategic manufacturing partnership for its AirWing Jet Sail wind propulsion system.The agreement creates a framework for industrial scale production of AirWing units in China…
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…
The Scottish Government has announced its intention to award Ferguson Marine the contracts to build four vessels. This decision provides a guaranteed five-year pipeline of work.The package of vessels as part of the proposed award includes the…
Greek ΟΝΕΧ Shipyards and Technology said on Thursday it signed an agreement with South Korean Hanwha Power Systems to expand their joint activities in the United States in shipbuilding, energy production and regasification units.ONEX, which operates two shipyards in Greece…
Dajin Offshore has signed a $13.1 million contract with Poland’s state-owned Szczecin Shipyard Wulkan to fabricate at least 40 ready-to-install internal platform sets for foundations for the Nordseecluster B offshore wind project in the German North Sea…
McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions…
Inmarsat Maritime, part of Viasat Communication Services, will install NexusWave across Auerbach’s fleet of newbuild heavy lift vessels to meet the German shipping company’s connectivity performance needs for its new generation of ships.Hamburg…
GTT announced that it has received, in early 2026, an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of four new Liquefied Natural Gas Carriers (LNGCs).The LNGCs will be built by the shipyard HD Hyundai Heavy Industries…
Wilson Sons held a launch ceremony for the tugboat WS Halcyon Thursday, January 29, in Rio de Janeiro. It is the first of a new series of three high-powered tugs.Built at the company’s shipyard in Guarujá (São Paulo), WS Halcyon is a class 2312…
The CMA CGM Group recently received its 400th owned vessel, the CMA CGM Monte Cristo, the first in a series of six methanol container ships.This key milestone reflects the Group’s long-term investment strategy, built on asset ownership and the…
Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1 million, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector…
Konecranes has received its sixth portal jib order from the US Navy, part of an agreement initially announced in December 2019. This latest process crane order, worth $49.7 million, was booked in January 2026 and the jib will be delivered to Portsmouth Naval Shipyard in Kittery…
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