Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels
The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London from April 7-11, 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair.Highlights included:Tackling climate changeThe Committee finalized and approved the draft legal text for the "IMO Net-Zero Framework
General Dynamics Electric Boat has been awarded a $1 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in a U.S. Department of Defense contract announcement.Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements
Panama has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards. The Panamanian fleet undergoes regular evaluations based on criteria established by key international frameworks, including various Memoranda of Understanding (MoUs) such as Paris, Tokyo, the Mediterranean, the Indian Ocean, the Black Sea, the U.S.
A new era of offshore operations has begun with the successful delivery of REACH REMOTE 1, a 24-metre unmanned surface vessel (USV) designed by Kongsberg Maritime. This ground-breaking achievement marks a significant milestone through collaboration between Kongsberg Maritime, REACH SUBSEA ASA, Massterly, and Trosvik Maritime.
While the U.S. Navy’s first Constellation-Class Frigate (FFG 62) is under construction in the United States, Norway is showing serious interest in the guided-missile frigate, as well as bolstering its longstanding strategic partnership with America.Last week Norwegian Minister of Defence, Mr.
Huntington Ingalls Industries on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and labor shortages, sending its shares down roughly 7% premarket.The company forecasts shipbuilding revenue, which is the focus of two of its three divisions, will likely be near the lower end of its previously projected range of $8.8 billion to $9.1 billion.
Swedish family-owned shipping company Furetank is making a shift in management, where Björn Stignor steps into the CEO position from an international career in the Stena sphere. Former CEO Lars Höglund continues as chairman of the board, focusing on Furetank’s expansive newbuilding programme and other engagements in shipping industry and policy.Lars Höglund has a career of 50 years in shipping.
The TWIN-PORT VI scheme, a four-year project representing a continuation of the long-term cooperation between ports of Tallinn and Helsinki, has received a funding commitment from the EU in the amount of $16. 8 million (€15.4 million).The TWIN-PORT VI project aims to reduce transport system emissions and to improve conditions for passenger and freight transport operations.
The last of the three coast guard vessels, strengthening the control and surveillance in the northern area of Norway, has been named KV Hopen by Minister of Climate and Environment Andreas Bjelland Eriksen at Vard Langsten in Norway.With the naming ceremony of the third vessel in the Jan Mayen class, one of Norway's largest maritime acquisitions ever is about to be completed.
Canada is removing a trio of "problem" vessels that have been abandoned in Nova Scotia's Port of Bridgewater.The three vessels—Hannah Atlantic, Cape Rouge and Rupert Brand VI—all showing signs of disrepair, have been moored at a privately owned wharf on the LaHave River for a number of years, posing a threat to the marine environment.
Damen Naval has selected Kongsberg Maritime Sweden to deliver controllable pitch propellers and shaft lines for the four Anti-Submarine Warfare (ASW) frigates for the Netherlands and Belgium.As part of this contract, Kongsberg will supply four shipsets of its controllable pitch propeller systems and associated equipment including blades, hubcaps, hubs, and shaft lines.