SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation.
Online Oceans, a UK company building autonomous surface vessels and fleet software for defense and maritime security, has raised USD$5.4 million (£4 million) in funding led by Seraphim Space. The round also includes participation from investors, including Peter Rive, co-founder of SolarCity, Frank Thieser and Florian Seibel, founders of Quantum Systems, and Koro Capital.
It’s time to consider the role of “digital watchkeepers” as the become an increasingly complex tool for bridge teams.Releasing its annual report in July 2025, the UK Marine Accident Investigation Branch said that significant collisions between merchant vessels show no sign of reducing.
More than two dozen ships sanctioned for being part of Russia's so-called shadow fleet have passed through UK waters since Prime Minister Keir Starmer last week authorised the military to detain vessels used by Moscow to export oil.The figures based on ship tracking data analysed by Reuters show that oil tankers sanctioned by Britain are continuing to travel along England's southern coast in the
SunStone Maritime Group A/S, touted as the world’s largest tonnage provider to the expedition cruise industry, announced the delivery of the seventh and final vessel in this first series of newbuilds, the Douglas Mawson. The delivery took place at China Merchants Heavy Industry in Haimen, China, on September 9, 2025.
Captain Chris Welch of Kennebunk, Maine, is catching fewer lobsters this spring because spiking diesel prices have made it too costly to take out his fishing boat as often as he normally would.Instead of checking and re-baiting his traps every four or five days to collect the valuable crustaceans, he's doing so every seven to 10 days to conserve fuel.
The Coast Guard and partner agencies are responding to a barge fire in the Delaware Bay.At 8:20 a.m., Coast Guard Sector Delaware Bay watchstanders received a call from the tug Douglas J reporting the barge they were towing was on fire. The barge was carrying scrap metal.It has been towed to approximately 2 miles off Maurice River Cove, New Jersey, to remove the threat from the main ship channel.
A new memorial stone and plaque have been placed at the grave of Captain John King Davis, one of the mostly highly decorated navigators and mariners in the history of Antarctic exploration.Davis served as Chief Officer under Ernest Shackleton during the British Antarctic Nimrod Expedition in 1907 and captained the SY Aurora during the Australasian Antarctic Expedition in 1911
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators.
The outlook could be bleak or bright depending on how we view the rise of humanoid robots.Think of this quote from a book by Jacob Morgan:“While many futurists and business leaders believe that robots and automation are taking jobs from humans, I believe that it's the humans who are taking the jobs away from robots.