Borr Drilling has confirmed the recovery of a fourth body following the sinking of its Prospector 5 jack-up rig offshore Gabon, with search operations continuing for one person still missing.The company said on November 2 that the body of a fourth individual had been located during ongoing search and rescue operations, bringing the number of confirmed fatalities to four.All four bodies have been recovered and are being transported to Port Gentil, Gabon.The Prospector 5 sank offshore Gabon on October 24 while preparing for a drilling campaign on BW Energy's Dussafu Marine licence.
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and TotalEnergies reported combined net profits of $56 billion in the third quarter, driven by surging oil and gas prices, record-high refining margins and strong trading results.BP posted its highest quarterly profit ever, $8.5 billion, as earnings from its refining business rose tenfold from a year earlier.
China's first carrier-based stealth reconnaissance and strike drone, the GJ-21, recently completed its first takeoff and landing on the Sichuan, the country's first Type 076 amphibious assault ship, state news agency Xinhua reported on Friday.The trial underscores Beijing's push to integrate drone technology into its military modernisation drive, a decades-long effort in which China has developed advanced warships, fighter jets, missiles and increasingly capable unmanned systems.
Dockworkers went on strike across Europe and beyond on Friday, disrupting shipping and ferries as they protested against the use of their ports for arms shipments and the number of seafarers killed in wars from the Gulf to the Black Sea.Strikers across 113 ports in 22 countries also called for pay rises, better working conditions and the right to have doctors on board vessels crossing war zones."We will not work for their wars, and we will not become food for their cannons," Apostolos Kypraios, head of the Greek union of merchant marine engineers
The United Arab Emirates said on Friday that an oil leak from the Gem No. 2 tanker had been stopped, with no new leakage detected, as cleanup operations continued along coastlines affected by the spill.The oil slick is concentrated off the northern emirate of Umm Al Quwain and extends partly towards coastal areas in the neighbouring northern emirates of Ras Al Khaimah, Ajman and Sharjah, state news agency WAM reported, citing the environment ministry. The density of marine pollution has declined markedly, it added.
TOTE Services, LLC, a U.S. maritime services company specializing in vessel construction management and ship management, announced its first shipyard selection, Hanwha Defense USA (HDUS), for the Medium Landing Ship (LSM) program under TOTE Services’ Vessel Construction Manager (VCM) contract for the U.S. Navy and Marine Corps.As VCM for the LSM program, TOTE Services issued a request for proposals (RFP) to qualified U.S. shipyards in July 2026. The award covers construction of one LSM, valued at $269 million, at Hanwha Philly Shipyard (HPSI), with options for three additional vessels.
Bureau Veritas Marine & Offshore (BV) has announced the launch of a new Cruise Center of Excellence in Miami, to connect customers in local proximity to a global network of BV experts dedicated to supporting operators as they navigate increasingly complex market environments.The cruise hub joins BV’s global network of Centers of Excellence across sectors including Gas (Doha) and Offshore (Singapore, Shanghai, and Kuala Lumpur).
StormGeo, part of Alfa Laval, has acquired Portchain, a provider of berth alignment software connecting terminals and carriers through shared, real-time port call data. The acquisition adds port call coordination to StormGeo’s Voyage Intelligence, creating the foundation for a new approach to Just-in-Time voyage optimization at scale. The goal is to connect decisions about route and speed with the latest information on berth availability and terminal plans, helping operators respond to changes while a vessel is still at sea.
ClassNK has released the second edition of its "Guidelines for Cyber Security Management System for Ships." Intended for shipowners and ship management companies, the guidelines set out the requirements for a Cyber Security Management System (CSMS), through which a Company addresses the cyber risks associated with ship operations as part of its day-to-day work, from governance and responsibilities ashore and onboard to the technical controls applied to shipboard systems. The Guidelines also make ClassNK’s certification audits transparent by showing the assessment criteria applied in them.
Turkish shipbuilder Sanmar Shipyards has delivered a new harbour tugboat to Bulgarian operator VTC S.A., marking the fifth vessel supplied to the company since their partnership began in 2003.The tug, renamed KASTRITSI by its new owner, will join VTC's fleet at the Black Sea port of Varna, supporting harbour towage and marine operations.Based on the RApport 2500 design by Robert Allan, KASTRITSI is a shallow-draft Azimuth Stern Drive (ASD) tug designed for operations in confined and shallow waterways.The vessel measures 25.2 meters in length and 12 meters in beam, with a maximum draught of 4.
General Dynamics reported $98.8 billion in new orders in the third quarter of 2026, driven by major submarine contracts, while revenue rose 12.9% year-on-year to $14.6 billion, the company announced on October 30.The aerospace and defense company's total backlog reached $220.3 billion at the end of the quarter, with an additional $50.4 billion in estimated potential contract value, bringing its total estimated contract value to $270.7 billion.Orders across its defense segments totaled $93.
In the most recent annual report released by the U.S. Waterborne Commerce Statistics Center, two Corn Belt Ports regions took top honors for showing some of the highest growth rates in the inland waterway port system. The Mid-America Port Commission (IL, MO, IA), established in 1999, was ranked as the 40th largest port in the U.S., and saw a 15.2% growth in freight tonnage during the 2024 reporting year (published 2026). This is the highest growth rate for any large (Top 50) U.S. Inland Port.