Subsea7 Secures Contract Extension for Seven Viking Subsea Vessel

Eidesvik Seven Chartering, a joint venture company between Subsea7 and Eidesvik Offshore, has entered into an agreement with Subsea7 to extend the contract for the subsea vessel Seven Viking.Subsea7 declared the remaining

ClassNK Greenlights Mitsubishi’s CCS System Onboard Ships

ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding.The certification confirms its feasibility from regulatory and safety perspectives.Interest in CO2…

Fincantieri, Accenture Launch JV for Cruise, Defense and Ports Digitalization

Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be

EU Puts Countermeasures on Hold Following Trump's Tariffs Frieze

The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula

Trump Signs Executive Order to Revitalize US Maritime Industry

U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order

Master of Grounded Passenger Vessel was Asleep at Helm

New Zealand’s Transport Accident Investigation Commission has released its report into the grounding of the passenger vessel Fiordland Navigator – attributing the accident to the fatigued master who fell asleep at the

BIMCO Approves Revisions to War Risk Clauses

The Documentary Committee of BIMCO has approved revisions to its War Risk Clauses to reflect changes in the geopolitical challenges facing the shipping industry.The Documentary Committee reviewed the existing BIMCO War Risk

Nigerian Company Orders VLGC

Temile Development Company has signed a contract with HD Hyundai Heavy Industries (HHI) for the construction of one firm plus one optional 88,000 cubic meter very large gas carrier (VLGC).The from HHI

FMD and HD Hyundai Heavy Industries to Collaborate on Naval Projects

Fairbanks Morse Defense (FMD) and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) to explore opportunities for collaboration on future international Navy initiatives.FMD has served the U.S. Navy,