Category: News Content Hub

‘First-ever’ newbuild tankers with certified AMP join Capital’s fleet Capital Ship Management operates a fleet of 32 tankers, with a total carrying capacity of 6M dwt Georgios Go to rivieramm

World’s largest sail cargo ship hits water for the first time With wind as its main propulsion source, Neoliner Origin has left its slipway at RMK Marine shipyard in Tuzla, Turkey Rebecca Go to rivieramm

Keel laid on first electric tug for Singapore A shipyard in Batam, Indonesia, is building a fully electric tug as part of the Coastal Sustainability Alliance and MPA’s drive to reduce emissions from harbour operations Martyn Go to rivieramm

Validate power networks to prevent new tech causing power blackouts Ships have been damaged and lives lost after power outages and GNSS jamming – but there are solutions to overcome these risks Martyn Go to rivieramm

Using AI, digitalisation and connectivity to create smart offshore vessels   Advanced technologies being developed will bring huge benefits to OSV owners Martyn Go to rivieramm

Electric CSOV to be equipped with largest Corvus battery system to date Corvus Energy’s Blue Whale battery energy storage system, at 25 MWh, will be the largest lithium iron phosphate battery system ever delivered to a maritime project Jamey Go to rivieramm

Cape Shipping secures attractive price in fresh container vessel S&P deal Greek dry bulk and container vessel specialist has divested a 2015-built ship, with a European liner reportedly linked to the deal Georgios Go to rivieramm

The regulatory challenges in modern day tanker technical management Prime Tankers LLC head of technical, Karan Keswani, shares insights on IMO regulations, and his experience of ballast water management and fleet operations Craig Go to rivieramm

Even better times await: ‘true economics’ of strengthening OSV market ahead Tidewater president and chief executive Quintin Kneen is ’excited by the next few years’, with offshore drilling activity to continue pushing day rates and vessel utilisation even higher over the next three years John Go to rivieramm

Offshore industry leaders, vessels, innovators honoured Offshore Support Journal 2025 Awards were presented at the industry’s main gala dinner Martyn Go to rivieramm

Regional offshore markets are idiosyncratic, but overall trends remain stable With the North Sea slowing in 2024, West Africa remaining complex and Asia Pacific ’very healthy’, the global mood is largely positive for 2025 Jamey Go to rivieramm

Global energy markets continue to drive OSV upcycle  New oil and gas field developments, drilling campaigns and exploration will drive long-term demand for OSVs to 2030 and beyond Martyn Go to rivieramm

Greek shipowners dominate global tanker market, building competitive gap Greeks hold a 27% share of the global tanker orderbook, accounting for around 26% of orders placed in 2024 Georgios Go to rivieramm

Ulstein Group unveils scaled-down, low-cost service operation vessel Walk-to-work vessel is intended to ‘bridge the gap’ between full size SOVs and CTVs David Go to rivieramm

Unveiling a future-proof cable layer for power interconnectors  Jan De Nul is investing in two newbuild vessels with multiple carousels to begin cable laying in 2027 Martyn Go to rivieramm

UK owner Tidal Transit to invest in six electric crew transfer vessels   Equity funding for six newbuild electric CTVs secured from HICO Investment Group David Go to rivieramm

2025 shaping up to be ‘a big year for offshore wind’ Bureau Veritas chief executive, UK & Ireland, Yannis Calogeras provides an upbeat assessment of the offshore wind market, highlighting opportunities for floating offshore wind John Go to rivieramm

Strong subsea market needs newbuild orders Strategic Offshore Research managing director Ian McIntosh has encouraged offshore vessel owners to order subsea support vessels as the existing fleet ages and demand outstrips supply Martyn Go to rivieramm

CSOV market facing over-capacity in run-up to 2030 period After high level of orders, slower pace of buildout of offshore windfarms has changed supply and demand equation David Go to rivieramm

Shipping leaders Frangou, Marinakis warn of geopolitical tensions and global economic status Angeliki Frangou and Evangelos Marinakis discuss the geopolitical and financial challenges shaping the shipping industry’s future at The Economist event in Athens Georgios Go to rivieramm

Floating nuclear power plant: a ‘back to the future’ idea CORE Power and Glosten to develop floating nuclear power plant concept to provide shoreside power to ships John Go to rivieramm

UPDATED: Denmark ‘working quickly’ to re-launch offshore wind tenders with ‘better terms’  State support being discussed as government take steps to bring forward more offshore wind, and green hydrogen David Go to rivieramm

Trader Mercuria breaks into dry bulk shipowning with Capesize deal Lavaredo marks Mercuria’s first owned bulk carrier, although the group is already a major time charterer in the dry bulk sector and other shipping markets Georgios Go to rivieramm

Ammonia milestone: MAN ES successfully tests two-stroke engine at 100% load Danish engine designer tests full-scale ammonia dual-fuel engine at 100% engine load, advancing the technology towards commercialisation John Go to rivieramm

Response to deadly aircraft collision over Washington, DC’s Potomac River involves hundreds Some 300 personnel from local and federal agencies were involved in a search of the Potomac River in the US capital after an aircraft and military helicopter collided in mid-flight Jamey Go to rivieramm

Dutch predictive-motion radar developer lands angel investment Netherlands-based Next Ocean has built on technology that enables early decision-making during high-risk maritime operations in the offshore sector Jamey Go to rivieramm

INTERTANKO calls for broader CO2 transport framework as EU storage capacity concerns mount INTERTANKO managing director Tim Wilkins has highlighted significant limitations in international and European regulatory frameworks governing CO2 transport by sea Edwin Go to rivieramm

Challenging mix: China, Red Sea, Trump and orderbook in the dry bulk spotlight Challenges in the dry bulk sector are set to persist in 2025, with weaker market conditions and shifting geopolitical factors influencing demand and trade dynamics Georgios Go to rivieramm

Greek owners list Aframax tankers for sale amid rising Chinese interest Greek shipowners account for six of the eight reported Aframax/LR2 S&P deals so far this year, amid increasing interest from China-based buyers Georgios Go to rivieramm

Record-high LNG imports in Greece amid declining Russian pipeline gas flows to Europe Several LNG carriers that were heading from the US to Asia have altered course, instead signalling destinations in Greece and Turkey Georgios Go to rivieramm

Germany’s first all-electric ferry delivered The E-Kat ferry has been delivered to its operator AG Reederei Norden-Frisia by Damen Shipyards Rebecca Go to rivieramm

‘We will be back’: Norway’s Atlantica Shipping exits dry bulk market with Supramax sales Atlantica’s exit aligns with a period of weakness in the dry bulk market, as earnings continue to decline Georgios Go to rivieramm

ASD, RSD tugs designed for low-emissions port operations Naval architects consider stability, manoeuvrability, strength and reduced emissions when designing the latest harbour tugs Martyn Go to rivieramm

Stolt-Nielsen buys out Golar LNG stake in Avenir LNG Golar LNG says the move is in line with its strategy to focus on FLNGs Riviera Go to rivieramm

TMS Group takes lease on LNG carrier newbuild George Economou-led TMS has agreed to a lease for a vessel that is set for long-term charter with Japan’s Osaka Gas Riviera Go to rivieramm

DNV Maritime appoints chief operating officer Long-time DNV executive Cristina Saenz de Santa Maria named to the newly created position of DNV Maritime chief operating officer John Go to rivieramm

UK insurer introduces joint hull and P&I product Owners of small commercial vessels can reduce insurance costs by purchasing a combined H&M and P&I product from a leading UK-based club Martyn Go to rivieramm

Greek shipping majors discuss ‘dark fleet’, Red Sea and Trump 2.0 Greek shipping leaders offer insights into the latest industry developments, from the ’dark fleet’ to geopolitical shifts shaping global trade Georgios Go to rivieramm

‘Force-majeure situation’: Navibulgar denies intentional acts behind latest Baltic Sea cable damage Navigation Maritime Bulgare stated it does not have information suggesting any intentional actions by the crew Georgios Go to rivieramm

Jan De Nul confirms ‘minor incident’ on board Les Alizés Fire onboard heavy-lift vessel whilst alongside was confined to battery cabinet David Go to rivieramm

Navigating the challenges of LNG bunkering, FSRU conversions With more than 20 years in the LNG and FSRU sector, Himanshu Singh remains passionate about innovation and the industry’s evolution Craig Go to rivieramm

John Deere expands power range with two new heavy-duty cycle marine engines Enginebuilder will introduce two new marine diesel models in 2026 that will expand its power range to 599 kW John Go to rivieramm

Vard orders gangways, cranes, LARS systems for newbuild offshore support vessels A recent surge in orders for vessels supporting offshore construction and maintenance activities has filtered down to contracts for equipment suppliers Martyn Go to rivieramm

How Ukraine maintains maritime operations despite war Ukraine has managed to maintain critical maritime operations despite constant aerial attacks, with port workers maintaining grain exports during nightly loading operations while managing frequent air raid disruptions Edwin Go to rivieramm

J&J Denholm embarks on fleet renewal with S&P deals Glasgow-based shipowner has expanded its fleet with a 2023-built Handymax, replacing the 2014-built vessel it recently sold Georgios Go to rivieramm

Korean shipbuilding must resist standardisation push, says Hanwha executive Korean shipyards must not follow Japan’s path toward standardised vessel production, despite Chinese competition, a senior shipbuilding executive has warned Edwin Go to rivieramm

Green division set to bring data-driven insights to shipowners Digital innovation will help shipowners make more informed operational decisions Martyn Go to rivieramm

Agricore Shipping accelerates dry bulk growth with S&P and newbuilding deals China-based shipowner continues its growth trajectory, securing modern tonnage and expanding its newbuilding programme Georgios Go to rivieramm

Tests qualify optimal thruster tilt for higher DP A research facility has determined the best thruster tilt for positioning CSOVs dynamically on remote windfarms Martyn Go to rivieramm

CMA CGM tied to mega US$2.6Bn newbuilding deal for 12 LNG-fuelled container vessels CMA CGM’s order marks the first newbuilding contract signed by a top-10 liner operator in 2025, following a record year for ordering container vessels Georgios Go to rivieramm

Shipbuilding kicks off 2025 with over US$900M in new contracts The new orders include up to 11 tankers, up to eight container vessels and four bulk carriers Georgios Go to rivieramm

World’s first hybrid hydrogen-battery tugboat launched A Chinese builder has delivered several tugs with diesel propulsion and launched the world’s first combining a hydrogen fuel cell and energy storage Martyn Go to rivieramm

Bilbao LNG terminal marks vessel milestone BBG’s LNG terminal at the Port of Bilbao has welcomed its 1,000th LNG carrier, Rioja Knutsen, highlighting its role in Spain’s energy supply Craig Go to rivieramm

Crew of Galaxy Leader freed after more than a year as hostages IMO and ICS among those celebrating the return of 25 crew from the Yemeni port of Hodeidah Jamey Go to rivieramm

Countdown to the ITS Awards 2025: two weeks left to nominate The clock is ticking for your chance to spotlight excellence in the international tug and towage industry Annabel Go to rivieramm

Solvang gas carrier in ‘world-first’ test of full-scale onboard carbon capture system Full-scale testing of OCCS could underpin wider use in shipping, providing “a significant shortcut to decarbonisation” John Go to rivieramm

Engineering LNG success: FSRU management journey Wilhelmsen Ship Management’s Hanseok Kim shares insights into FSRU management and maintenance, from LNG carrier builds to searching for an advanced workshop in Turkey Craig Go to rivieramm

Reach Subsea takes delivery of first remote-controlled vessel Reach Remote 1 will be prepared to commence work for Equinor and TotalEnergies in the North Sea and Norwegian Sea Martyn Go to rivieramm

Dry bulk demand suffers in 2024 with Suez, Panama Canal transit drop Climate and geopolitical disruptions have significantly impacted global dry bulk trade, with transits through the Suez and Panama Canals plummeting in 2024 Georgios Go to rivieramm

Maritime stakeholders weigh in on potential Red Sea reopening amid Gaza ceasefire As developments in the Middle East unfold, the shipping industry is keeping an eye on the Red Sea, with hopes for a potential reopening in the coming months Georgios Go to rivieramm

Value of S&P sales in OSV sector down 43% in 2024 Total secondhand vessel sales were US$1.79Bn for the year, significantly less than the US$3.12Bn in deals struck in 2023 John Go to rivieramm

A closer look at the massive Chinese orderbook amid US probe Chinese shipyards are currently constructing more than 2,500 vessels, the majority of which are bulk carriers and tankers Georgios Go to rivieramm

DNV launches autonomous shipping class notations Notations will cover the navigation, engineering, operational and safety of unmanned and remotely operated ships Martyn Go to rivieramm

Reports: EU considering phased ban on Russian LNG The gradual ban on LNG imports from Russia would be part of a 16th round of sanctions that includes further sanctions on the ’shadow fleet’ Jamey Go to rivieramm

2025 set to break new records for newbuilding deliveries Bulk carrier and product tanker deliveries are set to soar to new highs this year, reshaping supply fundamentals Georgios Go to rivieramm

Newbuild low-emissions escort tug delivered in Turkey Uzmar Shipyard has built a powerful IMO Tier III-compliant tugboat with 85 tonnes of bollard pull Martyn Go to rivieramm

EU MRV, EU ETS regulations extended to small vessels Bureau Veritas and StormGeo have partnered to provide digital solutions for emissions reporting and verification for vessels as small as 400 gt Martyn Go to rivieramm

Back in black: American OSV owners bullish on US Gulf and beyond Three Louisiana-based OSV vessel owners see strong tailwinds, no speculative newbuilding or reactivations, and increasing deepwater demand in the Americas John Go to rivieramm

Petra Energy secures Malaysian offshore maintenance contracts Accommodation and support vessel owner secures multiple contracts in Malaysia Martyn Go to rivieramm

Seafarer abandonment cases rise sharply, IMO calls for increased accountability Seafarer abandonment has more than doubled in the last year, with IMO calling for stronger enforcement and better treatment of maritime workers Craig Go to rivieramm

Samsung unveils AI IoT technology for ships SmartThings has been adapted and will be installed on an autonomous research catamaran Martyn Go to rivieramm

MOL adds another newbuilding to long-term charter with JERA Japanese power generation company JERA fixes another MOL LNG carrier Craig Go to rivieramm

Unifeeder triples market share Unifeeder has recorded the highest capacity growth in the Mediterranean Rebecca Go to rivieramm

Venture Global LNG seeks US$110Bn valuation for IPO With a share offering price to be set between US$40 and US$46, the US-based company is reportedly aiming to raise US$2.3Bn in its initial public offering Riviera Go to rivieramm

Tugboat fleet ordered for Indian ports An Indian shipyard is constructing eight tugs for one of the world’s largest port operators, Adani Ports Martyn Go to rivieramm

Consolidation returns to maritime satcoms space with Castor Marine acquisition Navarino Group has purchased 100% of the shares of Castor Marine to increase its share of the maritime communications market Martyn Go to rivieramm

Alternative fuel newbuild ordering binge in 2024 pushes global fleet past 2,000 vessels Shipbuilders signed contracts for a record 515 alternative fuel-capable newbuilds, representing a 38% year-on-year growth, led by orders for 264 LNG-fuelled ships John Go to rivieramm

Stolt’s 2030 strategy melds fleet renewal, biofuel adoption Stolt Tankers reports its energy efficiency measures and fleet modernisation programme have helped the company substantially reduce its annual efficiency ratio by 36% from 2008 levels Edwin Go to rivieramm

LDA to build and operate up to three SOVs for Vattenfall Vessels will service the DanTysk and Sandbank offshore windfarms and the Nordlicht 1 and 2 windfarms David Go to rivieramm

Marine operations enhanced at Saudi Arabian ports The Saudi General Ports Authority has called on a classification society to develop operating procedures for tug masters and pilots Martyn Go to rivieramm

Prosafe secures Petrobras accommodation semi-submersible contract extension State energy groups in Brazil and Malaysia are generating contracts for support vessels in growth markets Martyn Go to rivieramm

Shell starts production from floating production facility Whale Whale will be drained through subsea infrastructure tied back to a semi-submersible production unit Martyn Go to rivieramm

UHL deploys weather routeing on heavy-lift ships A suite of tools use machine learning, digital twins and updated weather forecasts for safer voyages with project cargo Martyn Go to rivieramm

Thenamaris enters 2025 with a flurry of deliveries, approaching 100-vessel milestone The traditional Greek shipping company has been highly active in recent years, placing newbuilding orders, acquiring modern tonnage and selling older vessels Georgios Go to rivieramm

MI LNG Company renamed MILES Co Ltd MI LNG Company, a joint venture between Mitsubishi Heavy Industries Ltd and Imabari Shipbuilding Co Ltd, rebranded as MILES Co Ltd on 1 January 2025, reflecting its commitment to evolving maritime industry needs Craig Go to rivieramm

Will the UK government sanction engine manufacturers? Sanctions would target the supply chain that supplies small boats and engines used by illegal migrants to cross the Channel from France to the UK Martyn Go to rivieramm

Scotland’s First Minister apologises for heavily delayed ferries As the ferry Glen Sannox is finally handed over, Scotland’s first minister John Swinney has apologised to islanders impacted by the delayed ferries Rebecca Go to rivieramm

Greek owner Minerva linked to fresh container vessel S&P deal Andreas Martinos-led Minerva Dry is believed to be the new owner of 2,433-TEU, 2023-built CUL Qingdao Georgios Go to rivieramm

Dozens of countries back flat-rate carbon levy proposal for shipping Nearly 50 IMO member states are lining up behind a proposal to charge commercial vessels a flat fee for each tonne of carbon emitted  Jamey Go to rivieramm

And the winners of the 2025 OSJ Awards are… OSV industry professionals will gather at the Annual Offshore Support Journal Conference, Awards and Exhibition on 4-5 February 2025 to celebrate the accomplishments of their peers John Go to rivieramm

Costa Cruises: first LNG refuelling for cruise ship in Dubai A cruise ship has bunkered LNG at Dubai port for the first time Rebecca Go to rivieramm

US dockworkers’ strike averted, union thanks Donald Trump International Longshoremen’s Association says full deal, pending union vote, tentatively agreed to avert the restart of strikes at major US ports Jamey Go to rivieramm

Norwegian group acquires oil leak detection technology Transaction brings new technology to Kongsberg Discovery’s growing product portfolio Martyn Go to rivieramm

Vietnam’s Asia Pacific Shipping accelerates product and chemical tanker fleet expansion Asia Pacific Shipping invests in tonnage from Shanghai Waigaoqiao, K Shipbuilding, Wuhu and Guangzhou Shipyard International to expand its presence in the chemical and product tanker sectors Craig Go to rivieramm

Maritime tech deal expected to transform global positioning industry Two vessel positioning data providers have merged and plan to develop technologies for autonomous navigation Martyn Go to rivieramm

First gas flows at Greater Tortue Ahmeyim BP, Kosmos Energy, Petrosen and SMH celebrate first gas flow at the Greater Tortue Ahmeyim project, advancing Mauritania and Senegal’s LNG ambitions Craig Go to rivieramm

Fredriksen’s Seatankers tied to OCV newbuilding deal at PaxOcean PaxOcean has signed a contract for two state-of-the-art offshore construction vessels with an unnamed European shipowner Georgios Go to rivieramm

Analysts brace for challenging year in dry bulk commodities demand Chinese and Indian growth, with Trump’s potential tariff policy, are all shaping dynamics in iron ore, coal and agricultural trade Georgios Go to rivieramm

ADNOC begins hybrid voyage towards decarbonisation Abu Dhabi’s state-backed owner is piloting energy storage systems on its OSVs Martyn Go to rivieramm

As US blacklists China’s Cosco Shipping, analysts focus on trade impact With Cosco’s enormous fleet, the US’ blacklisting has sparked widespread analysis of potential market effects across multiple sectors Georgios Go to rivieramm