Fugro: H1 2025 Impacted by Weak Markets, Recovery Expected in H2

Fugro’s results in the first half year were significantly impacted by geopolitical and economic uncertainties. For the second half of 2025, the company expects a strong recovery resulting in a full-year EBIT

MacGregor Appoints New CEO

The board of directors of MacGregor Group AB has appointed Jonas Gustavsson Chief Executive Officer of MacGregor as of August 1, 2025. He succeeds Leif Byström, who is retiring.Jonas Gustavsson joined MacGregor

DOF Scoops Over $220M for AHTS Vessel Contracts with Petrobras

Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels.The two contracts, with a combined value of more than

Triton Completes MacGregor Acquisition

Triton, a European mid-market investment company, has completed the acquisition of MacGregor from previous owner Hiab, formerly Cargotec.The transaction between Triton and Hiab, first announced in November 2024, was closed on July

Bath Iron Works Wins DDG 51 Destroyer Shipbuilding Contract

General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), said that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract

AI Agents: Like Owning a Pet Tiger

Geoffrey Hinton, the godfather of AI, has compared developing AI agents to owning a pet tiger.Speaking this week at the World AI Conference (WAIC 2025) in Shanghai, Yicai Global reported him saying:

Panama Communities Challenge Canal Expansion Project in Supreme Court

Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable

Surface Navy Association Names New President

The Surface Navy Association (SNA) announced the appointment of retired Vice Admiral Ron Boxall as its new President, succeeding retired Vice Admiral Rick Hunt, who has served in the role since 2019.

SAAM Towage Strengthens Fleet With New Tugs for Chile and Peru

SAAM Towage, the largest towage operator in the Americas, has added two new units to its fleet: the SAAM Petrel and the SAAM Charrán. These modern ships, designed by the renowned firm