A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.
HD Hyundai Heavy Industries and five other HD Hyundai affiliates are embarking on the development of a robot and data-based integrated hull management solution that automates the entire process—from hull diagnosis to cleaning and performance verification—for the first time in the shipbuilding industry.
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd.
Vard, the Norwegian subsidiary of the Fincantieri Group, has signed a new contract with existing customer Ocean Infinity for the design and construction of four Multi-Purpose Robotic Vessels (MPVs).The contract, whose value exceeds $230 million (€200 million), also includes a comprehensive scope of supply from Vard Electro, which will deliver the full suite of SeaQ systems for remote operations.
The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S.
Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2, following a naming ceremony at Hanwha Ocean’s shipyard in Korea.
Sticking to legacy tactics won't beat China — adopt Secretary Hegseth's and the Army initiatives or surrender the edge.In a recent address, Admiral Christopher Grady, Vice Chairman of the Joint Chiefs of Staff, underscored the urgent need for a robotic hull-cleaning system to enable anytime maintenance, reduce drag, boost speed, and minimize fuel consumption for naval vessels.
Sallaum Lines has launched its first LNG dual-fuel pure car and truck carrier (PCTC) newbuilding, the Ocean Breeze, with a landmark ceremony in the port of Antwerp.The Ocean Breeze has capacity for 7,500 CEU and is powered by dual-fuel LNG engines. The vessel delivers substantial reductions in CO2, NOx, and particulate emissions compared to conventional tonnage.
Sean Fraser, Canada’s Minister responsible for the Atlantic Canada Opportunities Agency, has announced that strategic direction has been given to the Canada–Nova Scotia Offshore Energy Regulator as a next step toward realizing Canada’s first-ever offshore wind project.Fraser made the announcement on behalf of Tim Hodgson, Canada’s Minister of Energy and Natural Resources
Danish offshore wind installation firm Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14 MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The signing of this firm contract follows the Vessel Reservation Agreement (VRA) signed in February 2025 between Cadeler and Ocean Winds.
American Bureau of Shipping (ABS) has issued classification to the Surveyor, a fully autonomous deepwater unmanned surface vehicle (USV), developed by Saildrone.At 20 meters long and capable of unmanned operations across all of the world’s oceans, the Surveyor is the largest class of USVs from Saildrone, a provider of maritime security, ocean mapping
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.