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,

NOC Launches Innovation Hub to Power Ocean Tech and Blue Economy

The UK’s National Oceanography Centre (NOC) has unveiled a new Innovation Hub in Southampton, designed to accelerate advances in ocean technology and support sustainable growth across the blue economy. Backed by a

South Korea Holds "Shipbuilding Card' in US Tariff Negotiations, Says Minister

South Korea's trade and industry minister Ahn Duk-geun said on Wednesday that potential cooperation with Washington in the shipbuilding sector is a "very important card" in negotiating with the U.S. over its tariffs.U.S.

MOL Looks to Seize Opportunities as Trade Routes Shift Due to Tariffs

Mitsui O.S.K. Lines (MOL), Japan's second-largest shipping company, aims to capitalize on opportunities that emerge from a shift in trade routes driven by new U.S. tariffs, CEO Takeshi Hashimoto said.The highest U.S.

OEG Unveils Geometry Assurance Software for Ships and Subsea Vessels

OEG Energy Group (OEG) has officially unveiled GEOBASE, an offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard ships and subsea vehicles to feature calibration software.It…

DOF Gets Subsea Mooring Installation Job in Asia Pacific

Norwegian offshore supply vessel operator DOF Group has secured a contract for subsea mooring installation services in Western Australia.Under the contract, DOF will use Skandi Hercules construction support vessel (CSV) with for

DEME to Buy Havfram in $985M Deal

Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's