Category: News Content Hub

Modular emissions system for mtu 4000 engines to be rolled out ‘gradually’ Integrated exhaust gas treatment for 16-cylinder ferry and tugboat engines are the first of a phased release of the system across more of the OEM’s engine range Riviera Go to rivieramm

Pilot yields encouraging results of onboard carbon capture supply chain Global Centre for Maritime Decarbonisation has released a report detailing the results of onboard carbon capture supply chain pilot that could provide a path forward for the technology John Go to rivieramm

Trader Mercuria extends Capesize buying spree with third vessel in growing portfolio Mercuria has purchased 2012-built Antelao, formerly Pacific South Georgios Go to rivieramm

Video: dozens of containers fall onto barge in US Port of Long Beach An incident at the California port saw more than 60 containers topple from a 5,500-TEU box ship onto a barge, a pier and into the water Jamey Go to rivieramm

Saipem to acquire Subsea7, creating a contractor colossus Saipem7 will operate a fleet of more than 60 construction vessels ready to take on more complex offshore energy projects Martyn Go to rivieramm

Greece’s New Shipping shifts to South Korea for Suezmax newbuilds Adam Polemis-led owner has been linked to an LoI with SHI, after talks with Chinese yards failed to materialise Georgios Go to rivieramm

Nuclear-powered LNG carrier design receives initial approval Samsung Heavy Industries and the Korea Atomic Energy Research Institute jointly developed a concept design for small modular reactor-driven LNG carrier Jamey Go to rivieramm

DOF secures vessel options, raises US$150M from bond issue  Norwegian OSV owner will use unsecured bond finance to refinance existing debt Martyn Go to rivieramm

Oshima Shipbuilding’s 2028 slots almost filled following record year of orders The Japanese shipbuilder secured orders for 62 vessels in fiscal year 2024 Georgios Go to rivieramm

Subsea internet cables cut in Red Sea, cause unclear Microsoft initially raised the alarm in a system status update on 7 September Riviera Go to rivieramm

Danaos sticks to mid-size container vessels while aiming to upgrade Capesize fleet Danaos chief commercial officer Filippos G Prokopakis stated that mid-size vessels will be crucial for serving emerging markets worldwide Georgios Go to rivieramm

GasLog mulls LNG carrier order in South Korea amid fleet renewal drive Shipbroking sources said Hanwha Ocean is set to secure the contract from the prominent Greek owner Georgios Go to rivieramm

Tunisian port tug fleet takes shape  A Turkish shipbuilder is constructing six harbour tugs, with three launched to date Martyn Go to rivieramm

MOL pursues hard-sail wind-assisted LNG carrier designs Japanese shipowner Mitsui OSK Lines has collaborated with two Korean shipyards on similar wind-assisted LNG carrier designs Jamey Go to rivieramm

Hanwha Ocean bags US$252M LNG carrier contract from affiliated company  The buyer was identified as a North American shipping company affiliated with Hanwha Ocean Georgios Go to rivieramm

ExxonMobil secures Angolan offshore crew transfer services   Bourbon has won a five-year contract with the US oil major, orders new vessels Martyn Go to rivieramm

Greece’s Cape Shipping takes delivery of first tanker newbuilding, sells container vessels The Greek owner made a surprising return to tanker newbuildings in 2023 and has since significantly expanded its orderbook Georgios Go to rivieramm

States sue Trump administration over ‘arbitrary and capricious’ stop work order Governors of Rhode Island and Connecticut say administration’s action was baseless and violates government’s authority David Go to rivieramm

EU doubles down on offshore wind with plan for tripartite contracts New approach could help overcome recent challenges, and drive electrification and industrial competitiveness David Go to rivieramm

Adriatic LNG terminal ramp-up to full operations underway Italy-based LNG terminal has set mid-September for a return to full operations Jamey Go to rivieramm

Seatrium finalises upgrades to Chevron LNG carriers US-headquartered energy major is improving the emissions credentials of its LNG carrier fleet  Riviera Go to rivieramm

HD Hyundai secures US$174M Suezmax order, Evalend tipped as buyer The latest contract brings HD Hyundai’s 2025 order tally to 84 vessels, representing a combined value of US$11.5Bn Georgios Go to rivieramm

Secondhand container ship prices jump 17% in a year BIMCO highlights the disconnect between container freight rates and the price of secondhand ships as the idle ship capacity percentage has remained below 1% during 2025 Rebecca Go to rivieramm

Damen launches latest Island-class vessel for BC Ferries BC Ferries’ second Island-class hybrid electric ferry moves forward with construction Rebecca Go to rivieramm

Brazil oil and gas production reaches record levels in July Total oil and natural gas production surpassed the 5M boe/d mark for the first time Jamey Go to rivieramm

Sanmar set to launch world’s first methanol-powered escort tug  Two of these 44-m tugs will be operated by Kotug Canada to support tankers calling at Trans Mountain oil terminal in British Columbia Martyn Go to rivieramm

Interasia Lines revealed as buyer of six container ship newbuilds at Yangzijiang The contract, signed on 14 August, includes options for two additional vessels Georgios Go to rivieramm

Capital Gas linked to LNG carrier demolition as scrapping hits new record Shipbrokers report 2002-built Trader II is set to head to recycling yards for demolition Georgios Go to rivieramm

Moran’s new-generation ABS-class tugboat enters New York  US owner of ship-assist tugs has taken delivery of the first of a series being built in Alabama Martyn Go to rivieramm

Hayfin swoops on Enesel’s Capesize trio, marking Lemos family’s dry bulk exit Enesel told Riviera it plans to re-enter the bulk carrier market, aiming to build a significant fleet of modern vessels Georgios Go to rivieramm

Jifmar set to acquire Seacontractors’ workboat fleet  Seacontractors will concentrate on high-spec offshore support vessels following workboat sale Martyn Go to rivieramm

Celsius, Caravel Group debut LNG bunker vessel JV with two-ship order This marks the first co-ownership initiative between the two partners, following more than a decade of collaboration Georgios Go to rivieramm

North Sea, West Africa deals add US$43M to Borr Drilling’s backlog Big Board-listed offshore driller builds on strong first half performance with new contracts John Go to rivieramm

Subsea 7 awarded Formosa 4 inter-array cable installation job Contract awarded to Seaway 7 is the company’s seventh since entering the Taiwanese market David Go to rivieramm

Dolphin Drilling is ‘back in black’ With new senior management, board, shareholders and refinanced debt, Dolphin Drilling reported a significant turnaround in EBITDA in H1 2025 John Go to rivieramm

V Ships fined US$2M for pollution offence in US V Ships Norway fined US$2M after pleading guilty to concealing oily waste discharges, DoJ and Coast Guard confirm Craig Go to rivieramm

Senator wants more details on US-Korea shipbuilding MASGA investments US Senator Tammy Baldwin wants to ensure American shipbuilding and American workers are prioritised in South Korea’s Make American Shipbuilding Great Again plan John Go to rivieramm

China receives first Arctic LNG 2 delivery Novatek’s Arctic LNG 2 project delivers first cargo outside Russia as Arctic Mulan arrives at China’s Beihai LNG terminal Craig Go to rivieramm

‘Flying’ electric hydrofoil ferry to begin two-week commuter line pilot in Sweden In September, commuters between Öckerö and central Gothenburg will have the opportunity to test a fast, electric hydrofoil ferry Jamey Go to rivieramm

MPC Container Ships adopts digital tools for safer, secure voyages The container shipping group is installing software across its fleet to gain real-time operational insights Martyn Go to rivieramm

Syria poised to resume crude exports after sanctions eased Reports indicate Vitol is preparing to lift Syria’s first crude shipment, with Italy seen as the likely destination Georgios Go to rivieramm

Seatrium to upgrade FLNG Hilli Episeyo for Argentina job Seatrium, Golar LNG and Golar Hilli Corp agree upgrade of FLNG Hilli Episeyo for 20-year Argentine gas liquefaction project Craig Go to rivieramm

CMB.TECH continues fleet rejuvenation with Suezmax sale Sale of 2010-built Sofia follows sale of three VLCCs in late April 2025 Jamey Go to rivieramm

Baleària and DFDS agree deals to take over Spanish ferry company’s operations DFDS and Baleària are acquiring vessels, terminals, routes and employees from Naviera Armas Trasmediterránea, which operates ferries in the Canary Islands, Alboran Sea and Strait of Gibraltar Riviera Go to rivieramm

Höegh Autoliners orders ammonia engines to pioneer zero-carbon fuels in PCTCs Höegh Autoliners orders Everllence two-stroke ammonia duel-fuel engines for the last four Aurora-class PCTC newbuilds John Go to rivieramm

HD Hyundai to merge subsidiaries to strengthen shipbuilding portfolio HD Hyundai Heavy Industries disclosed that it will merge with HD Hyundai Mipo, with Hyundai Heavy Industries serving as the surviving entity Georgios Go to rivieramm

ZIM reports Turkish regulation banning ships linked to Israel Isreal-headquartered ZIM told investors the company had been notified of an alleged Turkish government rule barring vessels with ownership, management or operational ties to Israel Jamey Go to rivieramm

Catalina Express to build 500-passenger, biodiesel ferry Port of Los Angeles grant provides half of the US$30M project cost to replace three, smaller diesel-driven ferries with an emissions-reducing larger ferry Riviera Go to rivieramm

Maran Tankers accelerates older VLCC divestment with second sale in three months Following the sale of the last 2008-built VLCC, Maran Tankers’ oldest vessels are now five 2009-built ships Georgios Go to rivieramm

Northern Lights stores first CO2 in Norway Northern Lights JV, Equinor, TotalEnergies and Shell have stored their first CO2 in Norway and confirmed expansion to 5M tonnes annually Craig Go to rivieramm

EPS tied to fresh contracts for up to 16 box ships, Euroseas adds two  The container vessel newbuilding bonanza is showing no signs of slowing, with fresh contracts surfacing in China Georgios Go to rivieramm

LNG bunker vessel orders outpace LNG carrier contracts in 2025 Analysts highlight stronger momentum in LNG bunker vessel contracting, supported by expectations of robust dual-fuel fleet growth Georgios Go to rivieramm

Australian environmental ruling clears path for Woodside’s Scarborough LNG A court approval of Woodside’s environmental plan for the offshore facility allows the company to ’connect, commission and operate’ the FPU Jamey Go to rivieramm

Mediterranean owners add efficient newbuilds with low emissions Tugboat operators across southern Europe are investing in powerful newbuilds with exhaust aftertreatment systems to modernise fleets Martyn Go to rivieramm

Seaspan uses AI to cut fuel, navigation incidents Seaspan saves US$100,000 per vessel per year by reducing collision avoidance manoeuvres Martyn Go to rivieramm

Hapag-Lloyd hits Gemini targets, invests in green methanol and retrofits Hapag-Lloyd chief executive Rolf Habben Jansen reveals fleet investment plans, details new Gemini Cooperation and provides his outlook on the container market Rebecca Go to rivieramm

Hadley Shipping targets improved welfare, efficiency with satcoms upgrade Advanced satellite communications equipment will be installed on roro vessels, bulk carriers, a container ship and a product tanker Martyn Go to rivieramm

Largest floating drydock built in Turkey delivered to USA General Dynamics NASSCO takes delivery of 35,000-tonne lifting capacity floating drydock, following 13,500 nautical mile journey from Turkey John Go to rivieramm

Pioneer Bulk pushes large bulker buying spree past US$200M in two years In its most recent deal, Singapore-headquartered owner added 2019-built Newcastlemax Port Ellen, formerly Mineral Hiroshige Georgios Go to rivieramm

Latest Karpowership FSRU named as Seatrium inks LoI for further conversions Delivery of fifth FSRU conversion for Karpowership sees Seatrium planning for three further FSRU conversions and four powership integrations, with two options Jamey Go to rivieramm

OceanPact secures contracts for four ROV support vessels in US$583M deal Petrobras has awarded contracts for four vessels over a four-year period in Brazil Martyn Go to rivieramm

Navios Partners adds LR2 resale duo, terminates contracts with sanctioned charterer The Greek owner is running a newbuilding programme for 22 vessels, including 18 tankers and four container ships Georgios Go to rivieramm

Greece’s Vamvaship adds Ultramax newbuild in resale deal with Seacon  Shipbrokers reported in April that the ship had changed hands for US$35–36M Georgios Go to rivieramm

Newbuild TRAnsverse tug joins Svitzer Australia fleet  A second TRAnsverse 3200 design tugboat has arrived in the Port of Newcastle, New South Wales Martyn Go to rivieramm

US-produced bioLNG volumes in play for CMA CGM The French container line has signed a long-term deal for volumes of renewable natural gas Jamey Go to rivieramm

Sanctioned tankers sold for demolition in ‘unusually structured’ deals Sanctioned tankers are being sold for demolition in off-market transactions Georgios Go to rivieramm

Asahi Tanker joins Maritime Battery Forum Japanese tanker company that built the first two all-electric tankers joins maritime electric propulsion coalition Riviera Go to rivieramm

Greek owner Minerva adds eighth feeder as buying spree tops US$250M Andreas Martinos-led owner entered the market in 2023 and has expanded rapidly since Georgios Go to rivieramm

All jackets up at Hai Long offshore windfarm DEME joint venture CDWE has installed all 73 jacket-type foundations for the project in the Taiwan Strait David Go to rivieramm

Port of Louisiana seeks bids to build e-methanol bunker barge Port calls for bids from US shipyards to construct 28,900-bbl methanol bunker barge John Go to rivieramm

Methanol and ammonia ready to scale rapidly with ‘concerted push’ Fuels are mature, but fuel supply chain must advance for rapid scale-up in shipping sector from 2030, says Global Maritime Forum report Jamey Go to rivieramm

McAllister Towing welcomes latest escort newbuild  Washburn & Doughty Associates has launched a low-emissions, high-power tugboat for the US owner Martyn Go to rivieramm

CMB.TECH, Golden Ocean merger set to close this week Golden Ocean said in an update that the merger is scheduled to become effective on 20 August Georgios Go to rivieramm

Aesen continues fleet renewal with two fast crewboats Rebranded earlier this year, Singapore-based owner has made 12 new crew vessel acquisitions over the past two years with at least three more under construction John Go to rivieramm

TMS, Celsius Shipping tied to US$1.5Bn in new LNG carrier orders in South Korea Greece’s TMS Cardiff Gas has reportedly signed a contract for four LNG carriers, while Denmark’s Celsius has been linked to two Georgios Go to rivieramm

AET looks to advance electrification with hybrid plug-in LSV retrofit Naval architect Glosten has been selected by Fleetzero to support the hybrid plug-in retrofit of a lightering support vessel John Go to rivieramm

Greenpeace protests hit Shell offshore gas platform Anish Kapoor conceptual art piece ’BUTCHERED’ installed on Shell North Sea gas platform to highlight the ’climate damage’ caused by fossil fuel companies, according to Greenpeace Jamey Go to rivieramm

Ocean Yield acquires CapeOmega and LNGC fleet investment CapeOmega co-owns 10 LNG carriers operated by Knutsen LNG Riviera Go to rivieramm

Emissions tech venture secures UK grant for Southampton pilot STAX Engineering, Seabound, Associated British Ports and Lomar Shipping win CMDC grant for PortZero emissions capture at Southampton Craig Go to rivieramm

Chinese Capesize orders surge amid global slowdown driven by national fleet strategy Analysts linked this growth to the National Cargo, National Fleet strategy launched in 2024 by COSCO Georgios Go to rivieramm

Crews fight container fire on Maersk box ship Ultra-large container ship Marie Maersk has diverted towards the West African coast as the ship’s crew and support vessels aim to keep the fire under control Jamey Go to rivieramm

LNG carrier market imbalance as fleet outpaces trade growth Analysts reported LNG trade is forecast to grow by 6% in 2025, while tonnage capacity is expected to rise by 9% Georgios Go to rivieramm

Centrica, ECP acquire Isle of Grain LNG Centrica and Energy Capital Partners are to acquire the Isle of Grain LNG terminal from National Grid Craig Go to rivieramm

Boskalis finds buyer for Smit Lamnalco operations in Australia Robust salvage, towage, dredging and offshore heavy-lift activity has led to strong revenue and profits for the Dutch maritime group Martyn Go to rivieramm

Nigeria’s SG Holdings emerges with former Teekay Suezmax in its fleet The deal may include an additional vessel of the same specifications Georgios Go to rivieramm

Trump team threatens IMO climate framework, saying aim is to ‘defeat’ it Joint statement from US Secretaries of State, Commerce, Energy and Transportation calls landmark shipping emissions framework a “global carbon tax on Americans” that “would conveniently benefit China” Jamey Go to rivieramm

Venture Global wins LNG arbitration against Shell Venture Global wins ICC arbitration in US$1Bn LNG dispute with Shell over Calcasieu Pass cargoes; Shell yet to respond Craig Go to rivieramm

Tokyo Kisen unveils full-electric tugboat development project  A group of Japanese companies has started a feasibility study into building a battery-powered harbour tug ready for service in 2030 Martyn Go to rivieramm

Rigs report: 12-year-old UDW drillship sold to TotalEnergies JV Sixth-generation ultra-deepwater drillship bought by joint venture majority owned by TotalEnergies will operate in West Africa after shipyard upgrade John Go to rivieramm

Charges filed over Gulf of Finland cable damage Finnish prosecutors charge Eagle S captain over alleged Gulf of Finland submarine cable damage Craig Go to rivieramm

Gastrade confirms restart at Greece’s Alexandroupolis FSRU Regasification and unloading services have begun again after operations at the terminal were suspended in January 2025 Jamey Go to rivieramm

Wasaline claims carbon neutrality, first ‘international green corridor in operation’ A triparty deal will see Wasaline use certified sustainable biogas in the daily operation of Aurora Botnia to reach carbon neutrality Jamey Go to rivieramm

North Sea spot market swings in charterers’ favour Oversupply in the North Sea saw average spot rates and utilisation for PSVs and AHTSs plummet in July John Go to rivieramm

Fairplay deploys Starlink while overhauling emergency towing vessel German owner is upgrading satellite communications and overhauling the main engines on a vessel protecting coastlines and islands in the North Sea Martyn Go to rivieramm

Sluggish bulker recycling persists as larger ships head for scrap, HKC shifts market mood With firm freight rates, resilient asset values, and steady buying interest, demolition activity is expected to stay subdued Georgios Go to rivieramm

Santos grants extension for ADNOC takeover proposal A consortium of business entities linked to Abu Dhabi National Oil Company says it is committed to “complete the due diligence promptly and agree on a binding transaction” Jamey Go to rivieramm

Excelerate Energy to convert former GasLog LNG carrier to FSRU Recently purchased LNG carrier will become the company’s first owned vessel to undergo a conversion to a floating storage and regasification unit Jamey Go to rivieramm

UKMPA provides safe pilot transfer guidance IMO’s SOLAS Regulation V/23, mandating safe pilot equipment, will be adopted in 2028 for newbuilds Martyn Go to rivieramm

Newbuild’s launch expands Remolcanosa towage fleet Med Marine is completing a new 23-m harbour tug for the Spanish vessel owner Martyn Go to rivieramm

Var Energi invests in wireless connectivity for FPSO  Jotun is the world’s first FPSO to have private wireless communications and edge computing installed Martyn Go to rivieramm