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
Nigeria and Morocco expect to sign an intergovernmental agreement in the fourth quarter of 2026 to advance a major Atlantic coast gas pipeline project, Nigeria's foreign ministry said.The planned agreement, to be signed by Nigerian President Bola Tinubu and Morocco's King Mohammed VI, follows preliminary technical studies on the Nigeria-Morocco Gas Pipeline
Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea vessel platform adapted to support large-scale trenching operations.
J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc. (FSG).
A set of amendments to key IMO treaties and Codes have entered into force on January 1, 2026. They include the following: Preventing and responding to bullying, harassment and sexual assaultAmendments to the Seafarers' Training, Certification and Watchkeeping Code (STCW Code) aim to prevent and respond to violence and harassment in the maritime sector, including sexual harassment
HII and Babcock International Group announced they have signed a contract that expands their strategic partnership to further support Virginia-class submarine construction throughput at HII’s Newport News Shipbuilding (NNS) division. Additionally, the contract will build resiliency within HII’s submarine supply base.
A management team led by industry veteran Geir Bjørkeli has completed the buyout of Yinson GreenTech's Norwegian subsidiary Yinson Green Technologies, establishing an independent company under the new name Nereida Energy.The move positions Nereida to advance battery solutions for the maritime industry, drawing on the leadership team’s deep sector expertise.
LR’s latest FOBAS Fuel Insight report highlights broadly steady fuel quality with particular issues around high sediments and chemical contamination, and an increased use of biofuel blends with developments in energy-content measurement.Global bunker fuel quality remained resilient in the first half of 2025 despite growing fuel diversity and tightening environmental regulation
Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet
Norwegian engineering group Kongsberg is building up production capacity to meet growing orders for its defence products, especially missiles, as European nations bulk up their military spending.Kongsberg, which has customers in defence, aerospace, maritime, energy and fishing industries, booked orders worth 18.18 billion Norwegian crowns ($1.
For the U.S. Navy, boats perform missions from mundane maintenance chores such as hull scraping and cleaning overboard discharges to clandestine special forces insertion and extraction. Some boats are about as basic as you can imagine, and some are equipped with sophisticated combat systems and weapons.
The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.