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.
For generations, the Gulf of America has served as the proving ground for offshore innovation. Every major chapter in modern offshore energy has depended upon American engineers, geoscientists, mariners, fabricators, regulators, and offshore workers to solve problems many believed were beyond reach.
Adept design and production strategies underpin global competitiveness in target sectors.Dutch shipbuilding continues to demonstrate resilience and business verve in its target commercial sectors, mainly in the smaller vessel size range. It offers quality and craftmanship at an evidently acceptable price, using technology in the most pragmatic, effective way.
Momentum around critical minerals in Washington is no longer hypothetical. Policymakers are now focused on practical steps to expand domestic access to the raw materials that underpin national security, advanced manufacturing, and modern energy systems. Ocean minerals are front and center of this conversation and the offshore industry is prepared to play a central role.
Wärtsilä has signed a long-term overhaul agreement with Sweden’s Erik Thun Group, covering maintenance and technical support across its fleet.The agreement, developed with fleet management partner MF Shipping Group, includes overhaul services, field and technical services, workshop support and spare parts supply.
The count down is on for this year’s CMA Shipping 2026 conference and exhibition taking place from 10–12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking
The International Maritime Organization's Sub-Committee on Ship Design and Construction (SDC) held its 12th session at IMO Headquarters in London, January 19-23, and was chaired by Mr. Erik Tvedt (Denmark). Outcomes are summarized below:KEY OUTCOMESDraft workplan agreed to develop a safety framework for selected GHG-reducing technologiesActions to reduce underwater radiated noise from shipsDraft
Asia Pacific Maritime (APM), Asia’s premier exhibition and conference for Shipbuilding & Marine, Workboat, Offshore, and Electric & Hybrid Marine, will return for its 19th instalment, from 25-27 March 2026 at Marina Bay Sands, Singapore, with its largest edition to date. Anchored by the theme “Future of Vessels, Solutions for Tomorrow”
The European Union should ban companies from providing any support to Moscow's oil and gas-shipping fleet, introduce sanctions against Russian fertilisers and stop luxury goods exports to Russia, Sweden's foreign minister said on Monday.The 27-nation bloc is currently preparing its 20th sanctions package aimed at punishing Russia for its war in Ukraine.
Sweden will spend 4 billion crowns ($437 million) on unmanned drone systems to be delivered over the next two years, the country's Defence Minister Pal Jonson said on Monday.The NATO member will buy unmanned systems including long-range attack drones, electronic warfare systems and surveillance drones as well as marine surveillance and minesweeping drones.
Subsea7 has secured a sizeable extension of an existing frame agreement by Equinor for subsea inspection, maintenance and repair services using the vessel Seven Viking.The extension continues a frame agreement first signed in 2018 and runs through the end of 2027.Under the terms of the deal, Seven Viking will carry out inspection
Cavotec has appointed Erik Lyrvall, Head of Strategy and M&A, as a member of Cavotec’s Group Management. Erik joined Cavotec in autumn 2024 when he took up the position of Head of Strategy.In his role, Erik is responsible for driving the group’s strategic direction, leading M&A activities, evaluating partnerships and go-to-market strategies