Accelerating demand for subsea power and telecoms cable network construction is fuelling major expansion of the world fleet of purpose-designed cable laying, maintenance and repair vessels.Driven by the growth of the offshore renewables sector and its advance into deeper waters, as well as by widening investment in cables connecting electrical grids in different countries
Singapore-based OMS Group has secured $1.0315 billion in corporate and export credit agency-backed financing facilities, supporting a fleet expansion that includes four new fibre-optic cable-laying vessels scheduled for delivery in 2027 and 2028.The financing package comprises $911.
U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran."We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom ...
Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at Colombo Dockyard in Sri Lanka.The vessels will be based on the same design as CS Sophie Germain, delivered to Orange Marine in July 2023.
Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce complex and powerful naval propulsion systems.The $60 million installation includes a $27 million U.S.
Construction of OMS Group’s next-generation cable-laying vessel, CS Resilience, has reached a milestone with the laying of its keel at CRIST Shipyard in Gdynia, Poland, on September 17, 2026.The keel laying marks the start of hull assembly for the first of two vessels being built to the ULSTEIN SX252 design for OMS Group’s GREAT-Class fleet.
Seatrium has been awarded the conversion of Karpowership's LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth FSRU conversion project between the companies.Work on LNGT Akdeniz is scheduled to start in the first quarter of 2027, with Seatrium responsible for engineering, conversion, integration
ECITB Global has rolled out a suite of new courses designed to help workers operating in confined spaces within the engineering construction industry (ECI) across the world.The international skills body introduced the four new confined space courses in Qatar earlier this year to replace the confined space low and medium-risk courses.
OMS Group has started construction of CS Resilience, the third vessel in its next-generation GREAT-Class fleet, with a first steel cutting ceremony held at CRIST's shipyard in Gdynia, Poland.The milestone marks the start of construction of the cable-laying vessel, which is scheduled to enter service in 2028 and forms part of OMS Group's long-term fleet expansion program.
U.S. President Donald Trump on Thursday signed into law legislation funding Department of Homeland Security agencies including the Secret Service and Transportation Security Administration, ending a partial shutdown that has gripped DHS operations for nearly 11 weeks.The logjam was broken when the Republican-controlled House of Representatives unanimously passed a Senate-approved bill that
Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO).Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson.Ali has served as Executive Vice President, Chief Commercial Officer of the company since August 2022.
Seadrill Limited announced its third quarter 2025 results.Quarterly Highlights:Secured contract awards across five rigs, adding over $300 million to Order Backlog.West Gemini, Sonangol Libongos and Sonangol Quenguela secured an estimated 1,000 days of incremental work in Angola, extending the longevity of the Sonadrill joint venture.West Vela was awarded two contracts in the U.S.