Category: News Content Hub

Shipowner, bank and climate NGO back maritime battery builder’s expansion J Lauritzen, Morgan Stanley Investment and Just Climate sink US$60M into expanding Corvus Energy Riviera Go to rivieramm

China introduces ‘special port fees’ on US-linked vessels The Chinese Ministry of Transport announced that these fees will take effect from 14 October 2025 Georgios Go to rivieramm

Woodside orders two offshore tugs to support Mexican operations Albwardy Damen Shipyard in Sharjah will build two tugboats with 120 tonnes of bollard pull to support tanker loadings Martyn Go to rivieramm

Greece’s Performance Shipping adds modern Suezmax pair in fleet expansion drive The purchase price is reported at around US$75M per vessel Georgios Go to rivieramm

Troubled offshore wind developer Ørsted to shed a quarter of its workforce 500 employees to be made redundant in Q4 2025, including approximately 235 in Denmark David Go to rivieramm

Major national and international shipowners’ groups call for adoption of maritime net-zero carbon plan ’Only global rules will decarbonise a global industry,’ say international coalitions, as Asian and European nation’s shipowners’ groups point to the risk of ’unwieldy patchwork’ of regional regulations in the absence of IMO Net Zero Framework Jamey Go to rivieramm

Prospectus highlights Welsh ports’ potential role in offshore wind Deepwater harbours and established supply chains could enable Welsh ports to play a role in floating wind projects David Go to rivieramm

Grants approved to support waterfront facilities for offshore wind in California Despite Trump administration’s antipathy towards offshore wind, California now has much of what it needs to continue advancing work on it for the next three years David Go to rivieramm

Greek owner Minerva said to expand orderbook with 3,100-TEU trio in China Andreas Martinos-led owner has so far invested in feeder vessels of around 1,800 TEU Georgios Go to rivieramm

LNG carrier spot chartering soft as delivery wave builds LNG spot weak; long-tenor firm; 2026–27 deliveries build Craig Go to rivieramm

DNV: shipping’s net-zero emissions policy adoption ‘looks very promising’ By the end of the century, humanity will be experiencing how critical each 10th of a degree of global warming is to our planet, DNV chief executive Remi Eriksen reports from the class society’s latest Energy Transition Outlook forecast Jamey Go to rivieramm

Shell exec warns attacks on US offshore wind threaten future oil and gas investment Shell USA president Colette Hirstius warns that current actions against offshore wind could create potential for future efforts by subsequent administrations against oil and gas investment John Go to rivieramm

Upcoming US port fees could shake up the MR tanker market This reflects that more than 20% of the MR2 fleet is Chinese-owned or operated Georgios Go to rivieramm

Hanwha Ocean claims world-first in ship-to-ship LNG transfer South Korean shipyard says transfer of liquefied natural gas during sea trials for two vessels improves the efficiency and flexibility of trials Riviera Go to rivieramm

DOF secures US$60M American vessel contracts, orders new ROV The Norwegian owner has gained contracts for three vessels in Guyana, Mexico and the US Martyn Go to rivieramm

GPS ‘malfunction’ sees Qatar halt maritime activities for all vessels in its waters The emirate said the suspension of maritime navigation in its waters followed a ’technical malfunction in the GPS which may affect the accuracy … and the safety of navigation’ Riviera Go to rivieramm

Marinakis-led Capital Offshore acquires 50% interest in Hayfin’s UOS As part of the deal, Capital Offshore’s existing fleet and its 12-vessel PSV and MPSV newbuilding programme will come under UOS Capital’s management Georgios Go to rivieramm

Construction begins on all-electric tugboat in China Jiangsu Zhenjiang Shipyard is building a fully electric tug as Tianjin Port aims to cut emissions from ship dockings Martyn Go to rivieramm

Special delivery: Rem Offshore’s subsea newbuild heads to Norway Energy subsea construction vessel Rem Pioneer enters next phase of construction, moving from Vietnam to Norway for final outfitting John Go to rivieramm

Moran acquires Bisso to expand Mississippi operations Major American tugboat owner has purchased a rival US operator to extend operations across southern US states Martyn Go to rivieramm

Eni takes FID on Coral North FLNG project off Mozambique Second FLNG-based gas production project for the Italian oil major in Mozambique is set to be completed in 2028 Riviera Go to rivieramm

Shadow fleet: French detain tanker crew as another tanker loiters over Baltic cables Shadow fleet tankers face scrutiny in Europe: in France, a tanker crew is detained, while in Baltic waters, as one tanker crew escapes trial, another tanker drifts suspiciously over subsea cables Craig Go to rivieramm

New Shipping quickly employs newly acquired LR2 tanker Adam Polemis-led shipowner has reportedly fixed New Spiros on a one-year charter at about US$36,000 per day Georgios Go to rivieramm

SAAM Towage set to acquire all of Intertug in US$30.5M transaction One of the world’s largest tugboat owners is building on its position in Latin America in an incremental transaction involving operations in which it had controlling interest Martyn Go to rivieramm

Thenamaris back in bulker S&P business, adds modern Kamsarmax Nikolas Martinos-led shipowner has added 2014-built Ellina, formerly known as Nord Capella Georgios Go to rivieramm

Bahri taps IMI for Ultramax construction in Saudi Arabia’s first major shipbuilding project Signed on 1 October, the contract for six bulk carriers is valued at over US$200M Georgios Go to rivieramm

EIB, CaixaBank support Navantia’s drive into the offshore wind market €50 million counter-guarantee will facilitate others that back offshore wind projects Navantia is involved in, help the wind energy supply chain and support regional economies David Go to rivieramm

Maersk to retrofit 200 container ships In a large-scale programme involving 50 different shipowners, Maersk is retrofitting around 200 vessels in its time-chartered fleet Rebecca Go to rivieramm

Boluda acquires Boskalis’ Australia and Papua New Guinea business Boluda says the acquisition of Boskalis’ towage and salvage business advances the company’s ’global expansion strategy’ Riviera Go to rivieramm

Greece’s Golden Energy linked to new Suezmax order, boosting Daehan’s rally Daehan disclosed a contract for the construction of a 157,000-dwt Suezmax tanker, valued at US$85M Georgios Go to rivieramm

Genco Shipping adopts ‘poison pill’ following Diana Shipping stake increase Semiramis Paliou-led Diana Shipping has raised its stake in Genco to 14.93% Georgios Go to rivieramm

WinGD sets 2026 for launch of first ethanol two-stroke marine engine Swiss-based marine power company WinGD sait it will bring its first ethanol-fuelled two-stroke marine engine to market in 2026, with deliveries for newbuild and retrofit applications starting in 2027 Riviera Go to rivieramm

EU ETS emissions allowance surrender deadline arrives 30 September is the deadline for shipping companies to surrender EU emissions allowances corresponding to 40% of their verified 2024 emissions Riviera Go to rivieramm

Atlas Maritime said to extend Suezmax orderbook with new Daehan contract Daehan Shipbuilding disclosed a single-vessel contract worth about US$87M Georgios Go to rivieramm

Container newbuild series to run on Everllence propulsion sets Scope of supply includes dual-fuel main ME-GI and auxiliary 28/32DF engines Rebecca Go to rivieramm

Bintan Resort Ferries increases efficiency with three-ferry order New trio of ferries slated to save around 33% emissions per passenger mile Rebecca Go to rivieramm

Innovative hullform confers important advantages on newbuild CTV New design delivered to MCS in the UK has a hull that enables operation in adverse conditions whilst ensuring crew comfort David Go to rivieramm

Two seafarers injured as vessel catches fire after strike in Gulf of Aden Amsterdam-based Spliethoff confirmed that Minervagracht sustained significant damage and is currently on fire Georgios Go to rivieramm

Green methanol bunkering ‘first’ completed in South Korea Milestone bunkering of 2025-built dry bulk carrier with green methanol performed at Ulsan Port John Go to rivieramm

Costamare, Cargill team up to expand bulker business and pursue joint investments Under the deal, Costamare Bulkers will transfer to Cargill the majority of its trading book Georgios Go to rivieramm

How a US Department of Energy study enabled the resumption of LNG export approvals  The LNG Export Study reaffirmed DoE’s belief that LNG export applications should be approved unless sufficient evidence shows inconsistency with the public interest Craig Go to rivieramm

TradeWinds Towing extends life of 43-year-old tugboat  Main Iron Works installed a new winch system and fendering on Miss Lis during September 2025 Martyn Go to rivieramm

A maritime decarbonisation reality check in Amsterdam Despite a slowdown, shipping’s emissions remain dangerously high according to Marine Benchmark managing director Torbjörn Rydbergh Edwin Go to rivieramm

Marco Polo Marine orders two AHTS newbuilds for southeast Asia Singapore-listed owner to invest US$34M for two newbuilds to primarily serve Southeast Asian offshore oil and gas market John Go to rivieramm

Petrobras approves saline reservoir carbon capture and storage pilot Brazil’s national oil major has launched the São Tomé CCS pilot project to capture 100,000 tonnes of CO2 annually in a saline reservoir Craig Go to rivieramm

Roundtable seeks to overcome hidden hurdles in OSV fleet modernisation Cybersecurity vulnerabilities, integration complexities and data handling difficulties persist in slowing digital transformation across the offshore support vessel sector Edwin Go to rivieramm

Technical and geopolitical challenges impact tugboat shipping Delivering tugs on heavy-lift ships requires meticulous planning and flexibility to adapt routes to avoid areas of high risk Martyn Go to rivieramm

IMO Secretary General: ‘our ocean is under threat’ “It is our obligation to work collaboratively, to reduce pollution” Arsenio Dominguez says on IMO World Maritime Day 2025 Riviera Go to rivieramm

Humanoid robots are coming for shipbuilding An agreement between class society ABS and technology developer Persona AI could bring robot assistants to the shipbuilding workforce Martyn Go to rivieramm

Construction of CMAL’s electric ferry fleet underway Work begins in build out of fleet of seven new Loch-class electric ferries for Scotland’s island communities has begun Rebecca Go to rivieramm

Exponential growth: LNG carrier fleet set to double over 10 years to 2027 The global LNG carrier fleet is accelerating towards its 1,000th vessel, with deliveries peaking and 328 vessels on order Craig Go to rivieramm

Sanmar tests latest newbuild harbour tugboat for Ultratug New tug set to join Chile-headquartered Ultratug’s Mexican towage operations Martyn Go to rivieramm

Royal Caribbean confirms Icon 5 order as it secures long-term shipyard deal Royal Caribbean Group secures decade-long agreement for shipbuilding slots Finnish shipyard Rebecca Go to rivieramm

Seatrium inks deal to sell AmFELS Yard for US$50M Singapore marine and offshore engineering and technology company set to divest American shipyard to affiliated company of Karpowership in all-cash transaction John Go to rivieramm

Eastern Pacific Shipping moves for full takeover of CoolCo EPS has been a stakeholder in CoolCo since the company spun-off from Golar LNG in 2022 Jamey Go to rivieramm

Softening crude prices slow APAC oil and gas projects While geopolitical events, lower oil prices and a dispute between Petronas and Petros are disrupting the APAC market, the ‘huge’ oil supply gap in 2030 will require continued investment John Go to rivieramm

Will there be enough LNG carriers by 2030? Can the LNG carrier fleet scale fast enough to meet soaring liquefaction capacity and stricter environmental standards by 2030? Craig Go to rivieramm

Large bore two-stroke marine engine runs successfully on ethanol Everllence tests ethanol in ME-LGIM engine, advancing its use as an alternative fuel and potential in retrofits of existing engines John Go to rivieramm

‘High-Seas Treaty’ to protect marine biodiversity ratified, in effect from January 2026 UN-based treaty reaches critical threshold for ratification with IMO negotiations on net-zero framework, COP 30 in view Jamey Go to rivieramm

Exmar secures floating LNG storage unit deal with Colombia Exmar and Regasificadora Del Pacífico will deploy an FSU in Buenaventura, Colombia under a five-year contract with Ecopetrol Craig Go to rivieramm

Box ship orders swell as ‘massive scrappage’ looms Owners place orders for 294 container ships, totalling 2.7M TEU, in first eight months of 2025 Kevin Go to rivieramm

US judge clears the way for Revolution Wind restart Federal judge issues preliminary injunction against Trump Administration stop-work order, allowing work to continue on New England offshore windfarm project John Go to rivieramm

China LNG Shipping deploys analytics for engine-maintenance optimisation  Remote monitoring of auxiliary engines should support prediction of issues before problems occur Martyn Go to rivieramm

P&O Ferries begins first biofuel-based operations on North Sea ferry P&O Ferries’ Pride of Hull, has become the first ferry on the Hull–Rotterdam route to permanently run on lower-carbon biofuel Rebecca Go to rivieramm

DEME makes ‘sizeable investment’ in offshore construction vessel newbuild Euronext-listed marine contractor orders DP-2-class OCV from PaxOcean to enhance subsea cable installation operations John Go to rivieramm

Wind-assisted propulsion tanker calls in Rotterdam Fully laden tanker is able to generate one third of propulsion from wind-assisted propulsion alone Craig Go to rivieramm

Cadeler inks turbine installation deal with Ocean Winds for Polish windfarm Danish wind installation vessel owner will support the installation of wind turbines for BC-Wind offshore windfarm in the Polish Baltic Sea John Go to rivieramm

Shipowning heavyweights join ranks to voice grievances over IMO’s net-zero emissions policy Large tanker and bulker shipowners including Bahri, Frontline, Stolt Tankers, Capital Group and a host of Greece-based companies have called for ’fundamental amendments’ to global regulations on greenhouse gas emissions  Jamey Go to rivieramm

Heysham Port ferries to pioneer UK’s first green shipping corridor UK’s first electric shipping routes set to slash Irish Sea emissions by a third Rebecca Go to rivieramm

Tanzanian operator Azam Marine welcomes new ferry 12th high-speed ferry designed by Incat Crowther for Azam Marine hits the water Rebecca Go to rivieramm

DNV calls for pragmatism in IMO’s net-zero framework emissions policy The class society’s latest analysis of the maritime sector’s progress on decarbonisation presents an industry moving forward against a variety of ’headwinds’ Jamey Go to rivieramm

K Line’s Seagate orders battery-electric tugboat in Japan Kanagawa Dockyard will build an electric-powered tug for zero-emissions harbour operations in 2027 Martyn Go to rivieramm

With eye on West Africa, Astro Offshore continues aggressive fleet expansion Adani Group’s Astro Offshore continues to aggressively expand fleet with en bloc acquisition of five OSVs John Go to rivieramm

Digital watchkeepers add a layer of resilience to navigation Webinar panelists explain how AI-driven digital tools help ships avoid hazards and identify risks especially when sailing in areas with GPS and AIS interference Martyn Go to rivieramm

Freedom of navigation under threat, but dislocation offers business opportunity Naval chief and NATO advisor cite ’paradigm shift’ in maritime threats; MOL chief executive says the evolving threat creates unprecedented challenges and opportunities Jamey Go to rivieramm

Mediterranean carbon capture and storage close to start of operations Prinos, APOLLOCO2 and Callisto initiatives highlight maritime terminals’ role in delivering captured CO2 across borders to stockage facilities Craig Go to rivieramm

WSC launches industry-first Cargo Safety Program to prevent ship fires World Shipping Council’s programme aims to detect misdeclared and undeclared dangerous goods to prevent ship fires, protect crews, vessels, customers’ cargo and the marine environment Rebecca Go to rivieramm

Portland Port names new tugboat, pilot vessel Newbuild tugboat and pilot transfer vessel enhance marine services to naval and cruise ships in the English port Martyn Go to rivieramm

Four ultra-deepwater drillships, venerable ocean drilling vessel sold for disposal Cold-stacked Transocean drillships set to be recycled following their sale for undisclosed amount John Go to rivieramm

Partnership aims to bring Y-shaped passenger ship hull to market   The Y-Hull boosts passenger comfort and reduces fuel consumption Rebecca Go to rivieramm

US Interior Secretary: no future for offshore wind in America With subsidies ended, US Interior Secretary Doug Burgum says it is unlikely that future offshore wind will be built in America John Go to rivieramm

ABS CEO: ‘IMO needs to take a timeout’ on Net-Zero Framework ABS chairman and chief executive, Christopher Wiernicki says LNG and biofuels “should not be overlooked” by shipping as IMO vote on Net-Zero Framework creeps closer without any green fuels or infrastructure in sight John Go to rivieramm

Australian ports, tug owners collaborate to improve safety, efficiency  Harbours in New South Wales are preparing for the future of sustainable and safe operations Martyn Go to rivieramm

Construction of warehouse facility for Nordseecluster underway at Eemshaven New facility will support a service operation vessel and CTVs David Go to rivieramm

UK to invest £1Bn in public-private partnership on ports and decarbonisation Funding includes £700M of private investment for major UK ports and £448M of public investment to reduce emissions from UK shipping Jamey Go to rivieramm

Sanmar launches world’s first methanol-powered escort tug Sanmar is constructing two methanol dual-fuel escort tugs for Kotug Canada to a Robert Allan Ltd RASalvor 4400-DFM design Martyn Go to rivieramm

UK adds 70 tankers to sanctions list in latest raft Sanctions move follows recent scale-up in attacks by Russia in war against Ukraine, including invasion of Poland’s sovereign air space Jamey Go to rivieramm

Subsea 7 to undertake major subsea work for Aramco in Middle East Subsea 7 awarded deal worth in excess of US$750M for EPCI work offshore Saudi Arabia John Go to rivieramm

Final dual-fuel PCTC delivered in US$1Bn fleet upgrade Zodiac Maritime has completed delivery of 10 advanced dual-fuel pure car and truck carriers from Yantai CIMC Raffles Offshore Ltd Edwin Go to rivieramm

Fire-stricken container ship Wan Hai 503 granted refuge in Dubai Singapore-flagged container ship sailing out of Sri Lanka has been in search of a port of refuge since June Jamey Go to rivieramm

California ports to deploy US$160M fleet of electric tugs Curtin Maritime is planning the largest deployment of electric workboats in the maritime and ports industry Martyn Go to rivieramm

Clasen Rickmers-led ASSC breaks into dry bulk with Handysize purchase ASSC managing partner Clasen Rickmers announced via social media that the company has purchased its first bulk carrier Georgios Go to rivieramm

DNV: shipping to be the ‘flexible backbone’ for carbon transport DNV projects US$8Bn in global CCS investment and 400% capacity growth by 2030 Craig Go to rivieramm

The US unveils largest sanctions action against Houthis OFAC designated 32 individuals and entities while also targeting four oil tankers Georgios Go to rivieramm

Fleet growth in 2026 will pressure earnings Analysts highlight that LPG shipping faces volatile rates in 2026, shaped by fleet expansion and geopolitical risks Craig Go to rivieramm

GMDSS calls rise during a turbulent year for international shipping  Data from Inmarsat’s The Future of Maritime Safety Report 2025 connects distress call data to broader trends in maritime safety and security Martyn Go to rivieramm

Scrubber-fitted shipowners face challenges amid emerging carbon capture prospects Combined technical, economic and regulatory pressures create a dilemma for shipowners with scrubber-fitted vessels Georgios Go to rivieramm

Wison New Energies inks deal to develop green ammonia FPSO The agreement aims to deliver a 500-MW floating production, storage and offloading facility to produce green ammonia in northern Norway Jamey Go to rivieramm

German owner H Vogemann linked to six-ship Kamsarmax order in China Shipbroking sources estimate the cost at around US$35M per vessel Georgios Go to rivieramm

‘Whopping 50% or more’ of OSV orderbook built on speculation Leading Singapore-based shipbroker examines the current orderbook for OSVs, highlighting speculative newbuilding and potential opportunities for fleet renewal John Go to rivieramm