South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S. Navy, said Woo-maan Jeong, head of planning and management for HD Hyundai's 329180.KS naval and special ship unit, in an interview at its Ulsan headquarters.
Danish offshore wind installation firm Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14 MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The signing of this firm contract follows the Vessel Reservation Agreement (VRA) signed in February 2025 between Cadeler and Ocean Winds.The installation is set to start in 2028 and to continue for approximately four months. Cadeler will deploy one of its O-class wind turbine installation vessels and will operate from the Port of Gdańsk in Poland.
Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology.This marks NYK’s second purchase of credits from 1PointFive intended to address NYK’s residual operational emissions.According to NYK, the international shipping industry emits roughly one billion tons of CO2 annually, and if about 10% remains as residual emissions after operational emission reductions, then the industry would need to remove 100 million tons via carbon dioxide removal each year to address those residual emissions.
A group of top shipping companies including leading Greek players said on Thursday they want changes to a United Nations deal tabled for adoption in October that seeks to cut marine fuel emissions, adding complications to the draft accord after U.S. opposition.Global shipping accounts for nearly 3% of the world's carbon emissions, and the proposed deal is crucial to speed up decarbonisation through a bigger regulatory framework.
Lloyd’s Register (LR) has signed a Memorandum of Understanding (MoU) with NLNG Shipping and Marine Services Limited (NSML) to expand access to maritime training and advisory services across West Africa. The agreement, announced at Gastech 2025, brings together NSML’s strong local presence and training infrastructure, including its Maritime Centre of Excellence (MCoE) in Bonny, with LR’s global technical leadership and advisory capabilities.
Brunvoll has signed a contract with Astilleros Zamakona S.A. for the delivery of a complete propulsion, maneuvering, and positioning system for a live fish carrier. The shipowner is Trident Aqua Services, which already has two vessels with similar specifications under construction.The propulsion system comprises a controllable pitch shaftline propeller and a twin-in–single-out reduction gearbox, powered by two electric motors with a combined output of 3,000 kW. The propeller measures 3.4 meters in diameter.
Inland Terminals Group (ITG), Zero Emission Services (ZES) and Nedcargo are launching fully emission-free container transport on inland waterways. From today, the inland vessel MS Den Bosch Max Groen will sail with exchangeable battery containers on board. With this electric propulsion system, no CO2, nitrogen or particulate matter is emitted.ZES offers a solution for making inland shipping more sustainable through mobile, swappable battery containers (Zespacks). These large-scale batteries provide inland vessels with clean energy without long charging times.
The United States is committed to deepening military cooperation with Finland, Finnish Defence Minister Antti Hakkanen said on Thursday, despite U.S. plans to scale back its operations elsewhere on NATO's eastern flank in Europe.Finland, which joined NATO in 2023 in response to Russia's 2022 invasion of its other neighbour Ukraine, has a bilateral Defence Cooperation Agreement with the U.S., granting the U.S. military unimpeded access to 15 facilities and areas in Finland."We are very pleased that the U.S. is prepared to deepen their cooperation with us," Hakkanen told Reuters onboard the U.S.
Finnish propulsion expert Steerprop and Seaspan Shipyards have expanded their collaboration on Canada’s next-generation polar icebreaker.Initially selected in late 2023 to supply two advanced ice-classed bow thrusters for the new flagship vessel, Steerprop will now also support the integration of the tunnel thruster into the vessel, ensuring hydrodynamic performance, smoother coordination with the shipyard, and reduced lifecycle costs.
Stena Line has welcomed the first of its new hybrid freight ferries to Belfast Harbor. The multimillion-pound purpose-built Stena Futura will go into service on the freight-only Belfast to Heysham route on September 22.The 147-meter Stena Futura will operate 12 sailings per week providing much needed additional freight capacity on the popular route which connects local hauliers directly into the key North of England road freight network.
Pulsar International and Inmarsat Maritime, a Viasat company, announced a milestone in their long-standing collaboration, with Pulsar committing to rollout NexusWave across more than 300 vessels operated by its customer base over the next 12 months.Pulsar was the first company appointed as a NexusWave partner in the Mediterranean market, and has already built a track record of successful NexusWave installations. NexusWave, Inmarsat’s bonded multi-network service, combines GEO Ka-band, LEO, LTE and L-band to deliver reliable performance.
Technology group Wärtsilä has signed a 15-year Lifecycle Agreement covering three LNG carriers for China LNG Shipping (International) (CLSICO).The agreement is designed to ensure operational reliability, enable flexibility in maintenance scheduling and optimize the ‘time between overhauls’ (TBO) for each of the vessels.The three vessels that will be covered by the agreement are the Al TUWAR, Al MAS’HABIYYAH, and FAT'H AL KHAIR.They are approximately 300 meters in length and have a capacity of 174,000 m3. All operate with two 8-cylinder and two 6-cylinder Wärtsilä 34DF dual-fuel engines.