Norwegian shipbuilder Vard has signed a contract with research organization Inkfish for the design and construction of a deep-sea research vessel based on the VARD 9 42 design, in a deal valued at nearly $810 million (€700 million).The company said the contract is the largest order ever secured by Vard for a single vessel and the largest order of its kind for a Norwegian shipyard.
Singapore-based Seatrium has delivered a next-generation wind turbine installation vessel (WTIV) to Maersk Offshore Wind, following the completion of sea trials and final readiness evaluations.The custom-engineered vessel is designed to install 15+ MW-class offshore wind turbines and is equipped with a 1,900-tonne main crane featuring a 180-metre hook height.
China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
Mavrik Marine, Inc. was selected to build high-speed passenger ferries for the Golden Gate Bridge Highway & Transportation District. Mavrik will construct catamaran passenger ferries as part of the District’s eight vessel Lima Class Ferry Replacement Program to provide transportation services in San Francisco Bay.
In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S.
Mexico's top prosecutor said on Sunday that authorities have so far detained 14 people suspected to be involved in the illicit trade of fuels, reiterating that more actions would follow as new information comes to light.On March 19, authorities seized a petroleum tanker in the Port of Tampico, together with nearly 63,000 barrels of diesel it was carrying
Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).
Seakeeper, Inc., a leader in marine motion control, is offering Seakeeper and Seakeeper Ride sizing and software specific to attending to the hull styles of catamarans. While catamarans offer some advantages, these boats are still susceptible to wave action and their unique hull designs can present several trade-offs such as flatter turns, increased yaw or bow steering
VIKING Life-Saving Equipment, a maritime safety solutions specialist and supplier of high-performance boats, has signed a contract with the Norwegian Customs Service (Tolletaten) to deliver a new fleet of cutting-edge patrol and fast response craft.The new boats will strengthen Tolletaten’s maritime capabilities and support its law enforcement and inspection duties in Norwegian waters.
On July 31, 2025, President Trump signed an Executive Order (“E.O.”) modifying reciprocal tariffs that became effective on August 7, 2025. Some aspects of the impact are well understood such as increased tariff burden on importers ranging from 10% to over 40%. Still, other aspects of the practical effect and its knock-on effects for shipping are relatively novel.
Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause of concern.Southeast Asian countries including Vietnam and Thailand have been explicitly targeted by White House officials for their alleged role in
The collective scramble to move as much physical copper as possible to the U.S. before the imposition of import tariffs is creating shortages in the rest of the world.London Metal Exchange (LME) stocks have fallen to nearly two-year lows with time-spreads flaring into backwardation as inventory drains away.This tariff trade will continue until U.S.