Three bodies have been located inside the wreck of Borr Drilling's Prospector 5 jack-up rig, which sank offshore Gabon on October 24, with search and rescue operations continuing for two people still missing, according to the Gabonese Navy.The bodies were discovered during underwater inspections using a remotely operated vehicle (ROV), Vice-Admiral Charles Hubert Bekale-Meyong, chief of staff of the Gabonese Navy and commander of the search-and-rescue operation, confirmed in an October 28 statement.
Shipbuilder Vard has launched a new energy construction vessel (ECV) being built for Wind Energy Construction, a Norwegian company partly owned by the founders and owners of Norwind Offshore, with delivery scheduled for the second quarter of 2027.The vessel, designated NB985, was successfully launched on October 27 and is under construction at Vard Vung Tau in Vietnam, Vard announced.Based on Vard's VARD 3 11 design, the vessel is intended for offshore wind and subsea operations, including inspection, maintenance and repair of subsea pipelines
We are entering in interesting period in the subsea vessel market, as contract backlog among the EPCs continue to rise to new all-time highs, existing long-term contracts are coming up for renewals, and a wave of newbuilds are closing in on delivery. On the top end, the market dynamics are changing as the Tier 1 EPC landscape is consolidating, while the fleet is expected to see a net growth of more than 20% in the coming two years.The still pending merger between Saipem and Subsea 7 is getting closer, with now only the European Commission’s Phase II review outstanding at the time of writing.
"Geopolitical disruptions continue to cloud the dry bulk market outlook. The effective closure of the Strait of Hormuz remains the largest source of uncertainty, while attacks on ships and port infrastructure in the Black Sea have added another layer of risk,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Typically, around 4% of dry bulk demand sails via the Strait of Hormuz. Alternative routes have softened the impact of the disruption but have been unable to replace pre-war volumes.
CMA CGM, Nike and Vietnamese port operator Gemadept have launched a fully electric inland container barge service connecting Ho Chi Minh City with the Gemalink deep-sea terminal at Cai Mep, combining battery propulsion, dedicated charging infrastructure and renewable electricity.The barge will transport Nike cargo between an inland drop-off location in Ho Chi Minh City, formerly part of Binh Duong province, and Gemalink over a 180-km round trip.
ECTMarine delivered a purpose-built workboat to Arab Potash Company (APC) in Jordan following successful site acceptance testing (SAT).The SAT of the Custom Workboat 104 was completed last week on APC's brine evaporation ponds at the Dead Sea. APC was represented on site by its main contractor, Alghanem.Designed and built in the Netherlands, the workboat was tailored to the conditions at the Dead Sea, where the dense, highly saline brine and the site’s location around 400 metres below sea level posed specific challenges.
With USD$9.87 million (8.85 million euros) in funding from the Federal Ministry for Economic Affairs and Energy (BMWE), Fraunhofer IFAM is establishing a new research infrastructure for wind energy. The FOKUS-Wind project will create Germany's first end-to-end testing and validation chain for autonomous systems in offshore wind farms across the institute's sites in Bremen, Cuxhaven, and Heligoland. The infrastructure will enable companies and research organizations to develop, test, and qualify drones, robotic systems, and sensors under realistic operating conditions.
Fincantieri and ITS Academy Udine have officially launched the new “Mechatronics & Robotics – Smart Ship” program in Monfalcone, a technical training initiative jointly developed to train highly qualified professionals who will contribute to the technological evolution of shipyards and to the integration of new technologies into production processes and onboard vessels.The launch ceremony was held at Fincantieri’s new training center and was attended by Paola Perabò, President of ITS Academy Udine; Alessio Belli, Fincantieri’s Head of Group Organization Development
Boluda Shipping and Samskip have signed an agreement under which Boluda Shipping will acquire Samskip. The acquisition will pave the way for Europe’s most comprehensive short-sea shipping network, connecting Northern Europe with the Iberian Peninsula, the Canary Islands and West Africa.Boluda brings maritime heritage, a strong position in towage, an established container shipping business and expertise in port logistics, while Samskip contributes its established position in Northern Europe, its multimodal expertise, its customer relationships and its knowledge of the markets it serves.
Europe's benchmark natural gas contract briefly touched €100 per megawatt hour (MWh) on Wednesday as disruptions to Middle East shipping of liquefied natural gas keep supply tight ahead of winter and consumers and industry feel the pinch from high energy prices.Prices have been rising to 2022 highs as the conflict in the Middle East has escalated, and are now trading at around triple pre-Iran war levels.The US-led war on Iran has raised costs for oil, transport fuels, gas, electricity and food.
Global commodity prices are set to surge 23% in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold.Oil, natural gas, food and metals prices all rose sharply this year as global shocks mounted, the World Bank said in its latest Commodity Markets Outlook. It said the situation could worsen if the conflict in the Middle East ratcheted up and damage to Russian oil infrastructure continued.
Turkish Defence Minister Yasar Guler on Wednesday warned Russia and Ukraine against further attacks on commercial vessels in the Black Sea, saying Ankara reserved the right to take legal action against the strikes, in Turkey's most direct intervention to date.NATO member Turkey, which has maintained good ties with both Moscow and Kyiv since Russia's full-scale invasion of Ukraine in 2022, has repeatedly called on both sides to halt attacks in the Black Sea that have also struck Turkish-flagged and Turkish-owned commercial vessels.