A dual fuel combustion system developed by Oak Ridge National Laboratory (ORNL) in collaboration with Caterpillar Inc. addresses the challenge of methanol ignition in diesel engines, with clear relevance for inland and coastal marine vessels.Methanol is typically produced from natural gas, an abundant domestic resource, and converting it into a liquid allows easier storage and handling.
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company will have an enterprise value of roughly $17 billion
Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States.The contract - secured by Sembcorp Marine Rigs & Floaters in 2022
Colonna’s Shipyard, Inc. (CSI) will invest $70m to acquire its fourth drydock, expected to have a lifting capacity of 25,000 tons and slated for delivery in the first half of 2028.“This new drydock acquisition is a testament to our continued dedication to innovation, quality service, and our steadfast investment in the future,” said Randall Crutchfield, Chairman & CEO, at Colonna’s Shipyard, Inc.
Davie Defense Inc. gives a first glimpse today of the “American Icebreaker Factory” – a planned $1 billion transformation of the historic Gulf Copper shipyard in Galveston, Texas.The American Icebreaker Factory concept was created in collaboration with Florida-based Pearlson, which has led major projects for leading American shipbuilders, including BAE Systems
Improving injury rates are masking the continued threat of fatal accidents across the offshore marine contracting industry, according to the International Marine Contractors Association (IMCA) after its latest Annual Safety Statistics Report revealed fatalities more than doubled despite overall safety performance improving.The report covers more than 1.
Heerema Marine Contractors has reduced the North Atlantic transit time of its semi-submersible crane vessel (SSCV) Sleipnir by 2.5 days following a voyage optimization pilot with French ocean intelligence company Amphitrite.The data-driven pilot reduced the vessel's sailing distance by 240 nautical miles and lowered carbon dioxide (CO2) emissions by up to 18%
The International Marine Contractors Association (IMCA) has reminded vessel owners and operators of the significant risks associated with underwater ship husbandry (UWSH) operations as activity in the Strait of Hormuz increases.As vessels begin returning to service following extended periods at anchor, demand for hull cleaning, inspection, and maintenance has risen sharply.
GLO Marine appointed Thomas Wittlin as Chief Executive Officer, effective Q2 2026, signaling the start of a structured growth phase in which the company will evolve from a retrofit-led contractor into a production-enabled marine engineering and integration business.Wittlin brings more than 25 years of experience at the intersection of shipyard operations, commercial leadership
U.S. President Trump on Monday announced plans for a new "Trump class" of battleships, marking the start of an expanded naval buildup and signaling increased scrutiny of defense contractors over production delays and cost overruns.Trump said the new battleships would be larger, faster and "100 times more powerful" than any previously built
Bunker barge United LNG I was christened in the port of Antwerp, an important moment for shipping company Somtrans, main shipbuilding contractor RensenDriessen and outfitting partners TeamCo Shipyard and Gas & Heat.The vessel will enter service in early 2026, reinforcing the growing role of LNG bunkering in the Belgian and Dutch seaports.
Belgian marine contractor Jan De Nul has signed a contract with Synera Renewable Energy (SRE) for the installation of export cables on the Taiwanese offshore wind farm Formosa 4.To bring the green energy ashore, Jan De Nul will transport, install and protect 60 kilometers of subsea cables.