Fincantieri and Princess Cruises signed an agreement for the construction of three new LNG-powered cruise ships. The vessel, part of a new “Voyager” class, will be built at Fincantieri’s Monfalcone yard, with deliveries scheduled for 2035, 2038 and 2039. While financial details were not disclosed
Facility will include 150,000 square feet of covered manufacturing space optimized for serial productionNew yard will support 200 new jobs and expands shipbuilding capacity Master Boat Builders announced plans to build a new $60 million, 150,000 sq ft manufacturing facility dedicated exclusively to government and defense shipbuilding programs.
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
Belgian marine contractor Jan De Nul has launched its second next-generation cable laying vessel (CLV), William Thomson, as it expands capacity to support growing offshore wind and grid interconnection projects.The William Thomson vessel follows the earlier launch of its sister ship Fleeming Jenkin in October 2025, with both units set to become the largest cable-laying vessels of their kind.
SCHOTTEL has been chosen by Spanish shipyard GONDAN to provide the propulsion package for the Northern Lighthouse Board’s (NLB) newest vessel, POLE STAR. The ship was officially named on January 21, 2026 by Her Royal Highness The Princess Royal, Patron of the Northern Lighthouse Board.
Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for its Viking Princess platform supply vessel (PSV).The contract has been signed with operators DNO Norge, Sval Energi, which is another DNO subsidiary, and Wellesley Petroleum covering a campaign with the Deepsea Yantai drilling rig.
Expansion into Harbor Tug sector helps Master Boat Builders nearly double in size, from 200 to 400 employees building eight to nine vessels per year, and the prospect of a new drydock plus additional partnerships and government construction contracts promises to power the company forward further, faster.
Fincantieri and Princess Cruises celebrated the delivery of Star Princess, the second LNG-powered (liquefied natural gas) cruise ship in Princess Cruises’ Sphere Class, at the Monfalcone shipyard.The ceremony was attended by Gus Antorcha, President of Princess Cruises, Mauro Bordin, President of the Regional Council of Friuli Venezia Giulia, Ester Fedullo, Prefect of the Province of Gorizia
Technology group Wärtsilä has signed a 15-year Lifecycle Agreement covering three LNG carriers for China LNG Shipping (International) (CLSICO).The agreement is designed to ensure operational reliability, enable flexibility in maintenance scheduling and optimize the ‘time between overhauls’ (TBO) for each of the vessels.
Golden Ocean Group Limited (NASDAQ: GOGL; Euronext Oslo Børs: GOGL) has issued an update on its planned stock-for-stock merger with CMB.TECH NV (NYSE: CMBT; Euronext Brussels: CMBT), confirming the transaction could close as early as August 20, 2025.Under the agreement, Golden Ocean will merge with CMB.TECH Bermuda Ltd., a wholly owned subsidiary of CMB.
On May 15, the U.S. Army Corps of Engineers released its Fiscal Year (FY) 2025 Work Plan that allocated funds from the FY25 Full-Year Continuing Appropriations and Extensions Act. That bill provided funding for the Corps’ Civil Works mission, typically funded in the annual Energy and Water Development appropriations bill.
TM Edison, a consortium of Belgian marine construction companies DEME and Jan De Nul, has installed the first two of a total 23 caissons in the Belgian North Sea, marking the start of construction for the Princess Elisabeth Island, the ‘world’s first’ artificial energy island.Caissons are concrete building blocks that form the outline of the future island.