Category: News Content Hub

Intercargo’s new chairman champions innovation, sustainability for 2025 John Xylas highlighted the resilience demonstrated by dry bulk companies in the face of significant challenges Georgios Go to rivieramm

Marine bunkering terminal opens in British Columbia Tugs are helping to bunker oceangoing ships at a new terminal in western Canada Martyn Go to rivieramm

Australian LNG import terminal nears completion amid gas shortfall concerns Squadron Energy’s Port Kembla Energy Terminal, Australia’s first LNG import facility, is completed and set to commence operations in 2026 to address eastern Australia’s anticipated gas shortfall Craig Go to rivieramm

Biden looks to block offshore drilling on millions of acres of federal lands Days before leaving office, President Biden looks to thwart plans of President-elect Trump to increase offshore oil and gas drilling using decades-old law John Go to rivieramm

Engage Marine expands fleet following multi-port licence award  New tugs will service ships in Queensland ports, increasing the Australian company’s owned and operated fleet to more than 40 vessels Martyn Go to rivieramm

Greek shipping investments slowed in 2024 despite container, LPG ordering rally Greeks focused on maintaining their dominance in the tanker market, while capitalising on the revitalised container vessel sector and strong momentum in the LPG carrier market Georgios Go to rivieramm

Windward sold to US capital investor with expansion plans AI-driven maritime intelligence provider Windward has agreed to a takeover bid from FTV Capital that values the company at US$270M Martyn Go to rivieramm

Global oil demand growth set to accelerate in 2025 Global oil demand growth will accelerate in 2025, led by petrochemical feedstocks, as transport fuel demand remains subdued, according to the IEA’s December 2024 report Craig Go to rivieramm

Mississippi ASD tractor tug named 31-m tractor tugboat was built by a US shipyard for Bisso Towboat to handle ships at Louisiana ports Martyn Go to rivieramm

Equinor secures financing package for Empire Wind 1 offshore windfarm Due to strong interest from lenders, Empire Wind 1 was able to secure competitive terms David Go to rivieramm

BW LPG completes VLGC fleet acquisition from Avance Gas BW LPG completes US$1Bn acquisition of 12 very large gas carriers from Avance Gas, solidifying fleet expansion and positioning Avance Gas as BW LPG’s second-largest shareholder Craig Go to rivieramm

Titan joins twin in major Adriatic port Another powerful harbour tugboat has started handling ships at Croatia’s main seaport Martyn Go to rivieramm

UAE NOC executive demands industry reset on fleet renewal and operations A senior UAE national oil company executive has issued an unprecedented challenge to the offshore support vessel industry, criticising its approach to fleet renewal and operational solutions, while revealing significant opportunities in the Middle East shallow water market Edwin Go to rivieramm

Rawabi Vallianz Offshore Services adds three shallow-draught AHTS newbuilds As part of fleet renewal, Saudi OSV owner expanding AHTS capability with 10 shallow-draught newbuilds John Go to rivieramm

Seadrill ‘all in’ on deepwater drilling, adds US$1Bn in backlog Big Board-listed drilling contractor sells benign jack-up rig, and wins contracts for ultra-deepwater drillships that will add US$1Bn to backlog John Go to rivieramm

What chemical and product tanker owners want in 2025 Chemical and product tanker owners seek solutions for decarbonisation, regulatory compliance and costs in 2025 Craig Go to rivieramm

Nortrans Offshore’s flotel contracted for Black Sea gas project DP-3 flotel has been awarded a 160-day contract to support Saipem’s Neptun Deep Gas Development Project offshore Romania in the Black Sea John Go to rivieramm

What large tanker owners and operators want in 2025 The large tanker industry prepares for 2025 challenges: fleet renewal, fuel diversity and geopolitical risks are shaping operators’ priorities Craig Go to rivieramm

Three new all-electric tugs to be built for Port of Corpus Christi Backed by US$105M US EPA grant, three owners will each build an all-electric tug for tanker assist services at the Port of Corpus Christi John Go to rivieramm

Finland investigates tanker after cable damage Authorities suspect Eagle S tanker of damaging subsea cables with its anchor in the Gulf of Finland Craig Go to rivieramm

2024’s top stories in LNG Shipping & Terminals We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2025 in container shipping: methanol, ammonia and LNG Container Shipping and Port Technology lays out the hot picks for the industry Rebecca Go to rivieramm

Alfons Håkans adds powerful ice-class tug to its fleet Family-owned Finnish owner enhances Baltic Sea tug fleet with ice-class newbuild built at Sanmar Shipyards John Go to rivieramm

MOL tied to US$500M order for three VLECs at Samsung MOL has been actively expanding its newbuilding portfolio, which spans bulk carriers, tankers, vehicle carriers, and increasingly, gas carriers Georgios Go to rivieramm

2024’s top stories in Ballast Water Treatment Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

With US$11.69Bn in orders, Chinese shipbuilder surpasses FY 2024 target by 259% Chinese shipbuilding group wins orders for 98 ships, delivers another 57 and has total backlog of US$22.14Bn as of the end of Q3 2024 John Go to rivieramm

2024’s top stories in Container Shipping & Port Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Offshore Support Journal We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Passenger Ship Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

Unveiling fuel options for MSC’s container fleet MSC Group’s Bud Darr singles out what the fuels of choice might be for the container sector – and what the company’s container line is doing in this domain Rebecca Go to rivieramm

2024’s top stories in Offshore Wind Journal We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Tanker Shipping & Trade We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Marine Propulsion & Auxiliary Machinery We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

Oil companies should reconsider age restrictions As fleets age, energy companies and EPC contractors will be unable to find suitable and available support vessels under 20 years old Martyn Go to rivieramm

NYK, Yusen unveil GHG emissions-management platform The Japanese shipping group and logistics company joined forces to introduce a digital platform to manage carbon emissions Martyn Go to rivieramm

2024 in LNG shipping and terminals: US market speculation, thriving FSRU sector MOL, CLP Power, HK Electric, Keppel and Technip Energies were central to reports on FSRU innovations and LNG demand growth Craig Go to rivieramm

How CO2 capture and storage in maritime has developed in 2024 CO2 developments in 2024 featured Northern Lights, Capital Gas and DNV’s insights into carbon capture, LCO2 shipping and storage advancements Craig Go to rivieramm

Ballast water treatment industry navigates 2024 challenges In 2024, ballast water treatment leaders explored new technologies and compliance solutions amid evolving global regulatory challenges Craig Go to rivieramm

Shell awards subsea contracts for deepwater oil development offshore Nigeria One of the largest untapped oil fields in the Gulf of Guinea will be developed with subsea hardware tied to a 19-year-old FPSO Martyn Go to rivieramm

Bill looks to boost US shipyards, triple size of US-flag internationally trading fleet   SHIPS for America Act would bolster US-flag international fleet and revitalise shipbuilding industrial base, with new significant maritime policy changes to counter China’s growing sea power John Go to rivieramm

New RightShip inspection policy will reshape dry bulk fleet, says DryDel’s Delaportas  Costas Delaportas told Riviera that RightShip inspection rules are likely to redefine fleet management strategies and financial planning for shipowners Georgios Go to rivieramm

Tug market 2024 review: alternative fuels, batteries, design innovation and corporate deals International Tug & Salvage reviews the highlights and the trends emerging in the tug, towage and salvage sector in 2024 Martyn Go to rivieramm

Smart containers help reduce onboard fire risks Technology can detect outbreaks earlier, helping to reduce total losses and seafarer fatalities Martyn Go to rivieramm

Navantia strikes deal to save Harland & Wolff shipyards Spanish shipbuilder agrees to purchase UK shipbuilder, saving 1,000 jobs John Go to rivieramm

Bulk carrier fleet balancing between sustainable expansion and overcapacity While bulk carrier newbuilding activity has regained momentum, strong charter markets are keeping shipowners from selling older vessels for demolition, resulting in continued fleet growth Georgios Go to rivieramm

Steel cutting ceremony kicks off Saltchuk Marine’s low-emission newbuild tug programme A steel cutting ceremony at Eastern Shipbuilding Group was held for the first of four Robert Allan Ltd-designed escort tugs for Saltchuk Marine John Go to rivieramm

FPSOs drive South America’s oil surge Floating, production, storage and offloading units underpin growing oil and gas production from Brazil, Guyana and Suriname, making the region an emerging force on the global energy stage John Go to rivieramm

Rem Offshore’s new IMR vessel has zero emissions in its future Armed with an historic long-term charter, Rem Offshore is collaborating with a ship designer, shipbuilder and power systems integrator to construct a newbuild subsea vessel that will source its power from biomethanol, biodiesel and batteries John Go to rivieramm

Caspian Offshore Construction adds Damen-built shallow-draught tug Caspian Lotus is a shallow-draught Shoalbuster built to support dredging and port operations in the Middle East Gulf Martyn Go to rivieramm

1.9-GW Korean auction gives big boost to floating offshore wind Equinor secures award for 750-MW Firefly/Bandibuli project as four bottom-fixed projects also secure deals David Go to rivieramm

Sanctions begin to bite: new insurance verification requirements aim to disrupt ‘shadow fleet’ Maritime experts predict that new measures will have a major impact on the ’shadow fleet’, with over 200 vessels already flagged for inadequate insurance coverage Georgios Go to rivieramm

How AI is charting a new course for offshore logistics  Data is the lifeblood of the offshore support vessel sector and AI provides the insights for optimising operations and logistics Martyn Go to rivieramm

Sinokor Merchant Marine to deploy AI in groundbreaking project KR, Sinokor and HD Hyundai Marine Solution join forces to transform ship maintenance with advanced condition-based maintenance technology Rebecca Go to rivieramm

Strong supply-demand fundamentals lure Greek owners to offshore Marinakis-led Capital Offshore and other Greek owners flock to OSV sector, ordering newbuilds amid a robust chartering picture and healthy supply-demand fundamentals George Go to rivieramm

TMS boosts LPG fleet with Evalend’s newbuild VLGC Serial shipbuyer George Economou has reportedly purchased a newly built VLGC from Kriton Lendoudis, an expert in resale deals Georgios Go to rivieramm

Danish Energy Agency issues establishment permit for Jammerland Bugt offshore windfarm Project south of Kalundborg between the peninsulas of Asnæs and Reersø has been more than a decade in the making David Go to rivieramm

OSV industry faces digital transformation hurdles amid regulatory and infrastructure challenges OSV industry leaders discuss the challenges of the digital transformation that is expected to reshape the offshore support sector through 2027 and beyond Edwin Go to rivieramm

Honduras turns to LNG to meet energy needs Genesis Energías, Knutsen Group, and Watson Farley & Williams collaborate on converting LNG carrier Bilbao Knutsen into an FSU for Honduras’ Brassavola Power Plant Craig Go to rivieramm

Data-driven maritime innovations shape operations Insights from Orca AI, DeepSea AI, Scorpio Group and ABS highlight how AI and data integration are reshaping maritime operations for efficiency and safety Craig Go to rivieramm

Med Marine launches tug for Turkish fleet This MED-A2360 series tugboat has 65 tonnes of bollard pull for ship handling and towing Martyn Go to rivieramm

APEC milestone for electronic bill of lading Global leaders commit to enabling and promoting the electronic Bill of Lading Rebecca Go to rivieramm

Odfjell buys four leased tankers, CMB.Tech sells three Suezmaxes Odfjell’s latest deal will see the company buy seven chemical tankers over the next 14 months, while CMB.Tech has let three older vessels go Riviera Go to rivieramm

Free zone takes Portugal another step towards floating wind as PAER approaches completion  Latest step in plan for offshore renewables announced as work progresses on the country’s Offshore Renewable Energy Allocation Plan David Go to rivieramm

Petrobras awards US$2.7Bn in contracts for construction, long-term charter of 12 PSVs Brazilian oil major order will charter 12 platform supply vessel newbuilds from BRAM Offshore and Starnav for up to 12 years John Go to rivieramm

Consider deteriorating tug performance when preparing pilotage plans Plans for escorting, handling, towing and docking ships need to assess the assisted vessel’s speed and how this affects safe working loads Martyn Go to rivieramm

Vitol chooses LNG bunkering vessel cargo and fuel equipment supplier Vitol partners with Wärtsilä Gas Systems for its latest LNG bunkering vessel Craig Go to rivieramm

San Francisco orders landmark US-built, all-electric, high-speed ferries In historic first for the United States, SF Bay Ferry orders three zero-emission, all-electric, high-speed ferries John Go to rivieramm

Greenpeace settles lawsuit with Shell over North Sea protest Environmental group agrees to donate £300,000 to the Royal National Lifeboat Institution to settle multi-million-dollar lawsuit filed by Shell following North Sea protest in 2023 John Go to rivieramm

South Korea’s first electric tugboat unveiled  Emissions from docking and ship towage have been reduced in Busan Port with the introduction of battery-electric tug Meta 7 Martyn Go to rivieramm

Industry grapples with integration of new satellite systems and digital technologies Maritime connectivity providers and technology experts have highlighted significant challenges in integrating emerging satellite systems and digital technologies on offshore support vessels, while debating the industry’s approach to cyber security and data management Edwin Go to rivieramm

QatarEnergy challenges EU emissions penalties framework QatarEnergy chief executive Saad Sherida Al-Kaabi criticises EU emissions penalties, questioning their impact on LNG trade with Europe amid energy policy tensions Craig Go to rivieramm

UK confirms 2030 offshore wind target has been adjusted downwards Labour administration confirms it is aiming for 43 to 50 GW of offshore wind by 2030, rather than 60 GW, including 5 GW of floating wind David Go to rivieramm

OSV industry’s ‘moon shot’: the complex route to decarbonisation amid market realities DNV Maritime director Arnstein Eknes explains the key to solving the decarbonisation challenge is data collection. Without it, the sector is like ‘15 different Apollo rockets, each with unique fuels and solutions’ Edwin Go to rivieramm

TECO 2030 declares bankruptcy Stock exchange notice shows company says it “no longer has a realistic opportunity to raise sufficient capital to continue operations” Riviera Go to rivieramm

Ørsted makes multi million-pound Hornsea 3 investment in UK suppliers Company has awarded contracts collectively worth £75-£100M for home-grown offshore wind components David Go to rivieramm

How to deliver a zero-emissions fleet by 2035 San Francisco Bay Ferry has announced a comprehensive plan to transition its fleet to zero-emissions vessels by 2035, marking the largest electric maritime transport initiative in United States history Edwin Go to rivieramm

Ownership of FSRU Independence transferred to KN Energiés KN Energiés completes acquisition of FSRU Independence, ensuring reliable LNG regasification services and reinforcing its energy security strategy Craig Go to rivieramm

Government of Malta launches tender for first offshore windfarm Country sets out plans for floating windfarm of up to 320 MW David Go to rivieramm

Autonomous navigation technology gets double registry approval HD Hyundai has taken a significant step toward the commercialisation of its technology, which aims to enable large commercial ships to be sailed remotely Martyn Go to rivieramm

Chevron: biofuels offer immediate path to maritime decarbonisation North American biofuel production will double to 38Bn litres by 2030, marking a transformation from niche to mainstream maritime fuel solution Edwin Go to rivieramm

S&P activity in OSV sector down 43% y-o-y S&P activity totals US$1.63Bn YTD, as 155 OSVs exchange hands John Go to rivieramm

Sea1 Offshore reports OCV extended, new chief commercial officer PXGeo extends offshore construction vessel to 2026, while former Viking Supply Ships CCO joins Sea1 Offshore in same role John Go to rivieramm

UK government hands out £1M funding for seafarer recruitment and training Nine coastal and maritime clusters around the UK will secure funding to support education, training and skills for maritime, offshore and port operations Martyn Go to rivieramm

Call for applications for the delivery of full-service port towage services. The Kingdom of Morocco has developed a new port, called “Nador West Med Port” on the southern coast of the western Mediterranean, about 120 miles from the Straits of Gibraltar. John Snyder Go to rivieramm

AET invests in developing Singapore’s maritime workpool Memorandum of understanding signed with Singapore Maritime Foundation commits the shipowner to funding multiple scholarships Riviera Go to rivieramm

Fjord1 moves forward with autonomous zero-emissions ferry quartet Fjord1 has placed contracts for onshore charging stations Rebecca Go to rivieramm

Fuel additives ‘boost maritime decarbonisation efforts’ New data shows advanced fuel additives can deliver immediate 3% fuel savings across the maritime sector while reducing emissions without major infrastructure changes Edwin Go to rivieramm

DFDS and partners launch UK-Netherlands ropax green shipping corridor project Transforming a DFDS route into a green corridor for methanol-fuelled ferries Rebecca Go to rivieramm

OceanWings awarded AiP for wind-assisted propulsion system   ABS awards approval in principle for French company’s novel wind-assisted propulsion system John Go to rivieramm

IBIA: very high cat fines levels in northern Europe bunkers rare, incidences decreasing  IBIA says bunker samples consistently meet ISO standards in response to a report that engine-damaging catalytic fines are exceeding ISO standards in northern European bunker samples Riviera Go to rivieramm

Why underwater-radiated noise is an issue for vessel operators IMO, ABS, Memorial University and eSonar address underwater-radiated noise, balancing marine ecosystem protection with sustainable vessel operations Craig Go to rivieramm

Hardware unveiled for coastal and port workboat connectivity With an independent terminal, vessels can link to 5G, LTE coastal networks or WAN in ports Martyn Go to rivieramm

Dedicated floating wharf opens for Australian port vessels Port Authority of New South Wales has invested in a wharf for its pilot boats and multipurpose vessels Martyn Go to rivieramm

US sanctions 35 tankers and traders of Iranian oil in latest ‘shadow fleet’ push The US Treasury’s Office of Foreign Assets Control says the vessels, companies and individuals under sanction play a ’critical role’ in moving Iranian crude Riviera Go to rivieramm

Stolt Tankers bunkers full inland tanker fleet with vegetable oil Stolt-Nielsen Inland Tanker Service expects its fleet of more than 30 vessels will shave 18% off carbon emissions in December with vegetable oil Riviera Go to rivieramm

Autonomy and artificial intelligence: the digital pair reshaping offshore operations Offshore support vessel owners are reaping financial rewards from the sector’s shift to unmanned vessels and an artificial intelligence-led technological revolution Martyn Go to rivieramm

Saverys initiates second bid to take Exmar private Belgian shipowner Nicolas Saverys’ holding company Saverex has notified investors of its intent to capture at least 95% of the company’s shares Riviera Go to rivieramm

UK considers adding shipping to its emissions trading scheme in 2026 Consultation period opens on “a number of proposals” that could see the UK follow in the footsteps of the EU’s addition of maritime to its ETS Riviera Go to rivieramm

Updated: Declaring options, undisclosed owner now has six PSV newbuilds at PaxOcean Salt Ship Design reports undisclosed owner building six PSVs at Chinese shipyard and holds options for four more John Go to rivieramm

Knutsen-NYK debuts LCO2 vessel design, says cargo tanks are feasible KNCC is starting a study with NYK into a 40,000-m3 LCO2 tanker after completing a feasibility study into elevated-pressure cargo tanks for transporting liquefied CO2 Riviera Go to rivieramm