A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields
Firmus and SUBCO announced a landmark agreement to build a new submarine fiber optic cable connecting Tasmania to mainland Australia, significantly expanding the state's digital capacity and supporting the next generation of AI infrastructure. The new cable, to be named Bernacchi-1 in honor of pioneering Tasmanian-raised scientist and Antarctic explorer Louis Bernacchi
U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran."We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom ...
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels
A new case study released by survival technology solutions provider Survitec and Norwegian sightseeing operator Brim Explorer highlights how marine evacuation systems (MES) have become an important engineering consideration in the development of passenger vessels, particularly low-emission designs.
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million.
SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract for ocean bottom node (OBN) source work in West Africa.The company said the Fulmar Explorer vessel will be deployed for the campaign, which has a total duration of about three months, including mobilization and demobilization.
Zeabuz has entered a partnership with Brim Explorer to deploy ZeaWatch Docking Assist across Brim Explorer’s fleet, starting with MS Bre later this year. Set to be installed in Q3 2026, the system will increase docking precision through advanced situational awareness, contributing to predictable, safe and cost-efficient operations.
Tourism and technology company Brim Explorer has signed contracts for the construction of two efficient, battery-powered passenger vessels. The high-speed trimarans are scheduled for delivery in spring 2027.The two new trimarans have been developed by Brim Tech, Brim Explorer's in-house technology division, following the principle of "electric by design.
Norwegian marine seismic survey services firm SeaBird Exploration, part of SED Energy Holdings, has secured a contract extension for its Fulmar Explorer seismic survey vessel.SeaBird Exploration has signed a three-month contract extension for ocean bottom node (OBN) source work for the vessel in the Western Hemisphere.
Sallaum Lines accepted its latest Pure Car and Truck Carrier (PCTC) vessel, MV Ocean Explorer as part of its Ocean Class fleet. The newbuilding’s arrival represents a major milestone in the company’s ongoing fleet expansion strategy and its commitment to advancing sustainable and energy-efficient maritime operations.
Singapore-based BW Epic Kosan (BWEK), a provider of LPG, petrochemicals and specialty gas transportation, has signed an agreement with bound4blue for the installation of a 24-meter tall eSAIL suction sail on the 2007-buit Helena Kosan vessel.The autonomous wind propulsion system, to be installed in 2026, will allow BWEK to save fuel, cut emissions, reduce costs and simplify regulatory compliance