Svanehoj, an ITT company, acquired Germany-based Köhler & Hörter GmbH (KOHO Kompressorsysteme, or KOHO), a family-owned company specializing in high-quality compressors for a wide range of industries, including shipbuilding. The acquisition closed on October 1, 2025. In recent years, Svanehoj has expanded its position as a supplier of marine pumps, tank control systems
The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.
SHIPPINGInsight, the premier technology and innovation forum for the maritime industry, has announced that its 2025 program will feature “Texas Taking the Lead in Maritime’s Revitalization.” With its numerous energy resources, shipping companies, Gulf Coast ports, and global trading connections, Texas stands at the center of America’s efforts to restore maritime strength.
The $5.4 trillion global maritime industry faces a perfect storm of cyber vulnerabilities, and a new government regulation aims to be the lighthouse guiding stakeholders to safer digital harbors.On January 17, 2025, the US Coast Guard (USCG) published a final rule titled “Cybersecurity in the Marine Transportation System
German naval conglomerate Thyssenkrupp and Finland-based consulting and engineering company Elomatic have signed a design and engineering contract to support the development of a new Polarstern ship, bound to become the largest and most advanced research and polar logistics icebreaker.The ship will be built at the large and modern shipyard of tkMS in Wismar.
Texas-based exploration and production company Beacon Offshore Energy has awarded a contract to Subsea7 for the work on Monument development in the U.S. Gulf of Mexico.The project involves the installation of a high-pressure 27-kilometre subsea tieback to the Shenandoah Floating Production System (FPS), located in Walker Ridge Block 316 at water depths reaching up to 2,000 meters.
Tributes have been paid to The Maritime Group (International) (TMG) founder Captain John M Cox III following his death at the age of 93.Capt Cox, known to his friends as Jack, died peacefully in Seattle on Thursday November 21 after a short illness.He recently retired as chairman and president of The Maritime Group (International), which included The Maritime Group, Inc.
STAX Engineering, based in Long Beach, California, has experienced significant growth since launching its innovative emissions capture and control technology earlier this year.Available as a land- or barge-based solution, the company’s mobile, flexible exhaust capture system is designed to fit all ships without modification
Sanctioned vessel Noble Walker carrying Russian oil has changed course to India's Vadinar port after the country's Adani Group banned entry of blacklisted ships at its Mundra port, ship tracking data showed on Monday.The Noble Walker, carrying about a million barrels of Russian crude for Indian refiner HPCL Mittal Energy Ltd, was until Friday headed to Mundra
Vietnam and the United States made progress during a third round of trade negotiations last week, but critical issues remain unresolved, requiring further analysis and continued dialogue, Vietnam's trade ministry said on Sunday.The talks, in Washington, D.C. from June 9-12, were held as a pause on 46% "reciprocal" tariffs on Vietnamese exports approaches expiration in early July
Oil prices rose more than 1% on Wednesday, with the U.S. barring Chevron from exporting crude from Venezuela and production shut-ins from Canada, while markets anticipated an expected production increase from OPEC+.Brent crude futures LCOc1 rose 93 cents, or 1.5%, to $65.02 a barrel by 1300 GMT, while U.S. West Texas Intermediate crude CLc1 gained $1, or 1.6%, to stand at $61.89 a barrel.
Temile Development Company has signed a contract with HD Hyundai Heavy Industries (HHI) for the construction of one firm plus one optional 88,000 cubic meter very large gas carrier (VLGC).The from HHI is the largest panamax-beam VLGC in the world and will be fitted with an LPG dual fuel main engine and a shaft generator.