Trump, Xi Pause Port Fees on Each Other's Vessels

The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and

Cargo Sailboat Finishes First Transatlantic Voyage

The Neoliner Origin, the world's largest cargo sailboat, completed its maiden transatlantic voyage on Thursday (October 30) despite sustaining damage to its aft sail during the crossing, forcing the crew to rely

Damen Shipyards Group Reports Profit, Order Book in 2024 Report

Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58

Unifeeder, Sagarmala Finance Corporation Limited to Advance Sustainable Coastal Shipping in India

Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India’s Sagarmala Finance Corporation Limited (SMFCL), a Government of India Enterprise under the Ministry of Ports, Shipping and Waterways

Southampton Marine Services Secures $3.94m German Cruise Contract

Southampton Marine Services Ltd (SMS Group), the UK's largest independent ship repairer, has secured a major USD$3.94 million (£3 million) contract with German cruise company AIDA to refit the first of three

HII Reports Q3 2025 Results

HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials

Maritime Firms Launch PntGuard to Counter GPS Spoofing Surge

Tschudi Shipping Company, NAL Research and Norway-based SGM Technology have launched PntGuard, a maritime navigation system designed to detect and counter increasing cases of GNSS and GPS signal spoofing at sea.The standalone

Witherbys to Introduce New Oceanographic Research Vessel from 2026

Maritime publishing and digital training group Witherbys has unveiled plans to introduce a new oceanographic research vessel, the MV Sea Ranger, from 2026 to support its technical development, real-world navigational studies and

Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split

Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and