Four shipowners from Sweden, Norway and Canada have ordered four new VINGA product tankers for delivery in 2028 and 2029, expanding the Furetank-developed vessel series to 26 ships.Two of the vessels will be owned by FureBear, a joint venture between Sweden's Furetank and Canada's Algoma Central Corporation, while Norway's O.H. Meling and Sweden's Älvtank will each take one.The order marks O.H.
Batteries have become a practical part of maritime decarbonization. They are used on ferries, harbor craft, tugs, offshore support vessels, crew transfer vessels, various types of remotely operated vessels, and hybrid ships to reduce fuel burn, provide spinning reserve, support dynamic positioning, enable peak shaving, and allow zero-emission operation in port.
Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations.The Northern Purpose has arrived in Norway following delivery from Dalian Shipbuilding Offshore Company (DSOC), joining sister vessels Northern Pioneer
Technology companies and shipyards are vying for attention as the US unmanned navy grows in size and sophistication.No too long ago, US Navy Secretary John Phelan said: “If the last few years of conflict have taught us anything, it is that we will not win the wars of the future with the platforms of the past.
Roll-on/Roll-off (RoRo) shipping and vehicle logistics group Wallenius Wilhelmsen has taken delivery of Arctic Tern, the first dual-fuel methanol-ready vessel in its new Shaper Class series.Arctic Tern vessel offers greater cargo capacity and improved operational efficiency and will be deployed through EUKOR Car Carriers
HD Hyundai Heavy Industries and five other HD Hyundai affiliates are embarking on the development of a robot and data-based integrated hull management solution that automates the entire process—from hull diagnosis to cleaning and performance verification—for the first time in the shipbuilding industry.
U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S.
General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.
ZIM Integrated Shipping Services reported third-quarter 2025 earnings that, while sharply lower year-on-year, demonstrate the carrier’s ability to generate meaningful profit and cash flow in an increasingly volatile global container market. Revenues fell 36% to $1.78 billion as freight rates continued to normalize from 2024 highs, and net income dropped to $123 million, compared with $1.
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031.
St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
The construction of Captain Arctic, a 69-meter near-zero-emission exploration vessel designed for sustainable cruising in polar waters, has reached a major milestone as its hull was completed by Goltens Dubai, marking the start of final outfitting and integration work.The vessel, owned by French company SELAR and built in collaboration with Chantier Naval de l’Océan Indien (CNOI) and Goltens