The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.
Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels
The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London from April 7-11, 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair.Highlights included:Tackling climate changeThe Committee finalized and approved the draft legal text for the "IMO Net-Zero Framework
General Dynamics Electric Boat has been awarded a $1 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in a U.S. Department of Defense contract announcement.Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements
Ship managers have expressed concerns about the International Maritime Organization’s future net-zero framework and have suggested concrete changes to make the proposals more effective.Acting on behalf of the global ship management sector, InterManager, the international association for ship managers
Panama has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards. The Panamanian fleet undergoes regular evaluations based on criteria established by key international frameworks, including various Memoranda of Understanding (MoUs) such as Paris, Tokyo, the Mediterranean, the Indian Ocean, the Black Sea, the U.S.
Huntington Ingalls Industries on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and labor shortages, sending its shares down roughly 7% premarket.The company forecasts shipbuilding revenue, which is the focus of two of its three divisions, will likely be near the lower end of its previously projected range of $8.8 billion to $9.1 billion.
Fincantieri and MSC Group have celebrated the progress on the construction of cruise ships for the Explora Journeys fleet, marking the delivery of Explora II, the coin ceremony for Explora III, and the steel cutting for Explora IV cruise ships.The cruise ships are part of the fleet of six ships belonging to Explora Journeys, the luxury brand recently launched by the MSC Group.
The TWIN-PORT VI scheme, a four-year project representing a continuation of the long-term cooperation between ports of Tallinn and Helsinki, has received a funding commitment from the EU in the amount of $16. 8 million (€15.4 million).The TWIN-PORT VI project aims to reduce transport system emissions and to improve conditions for passenger and freight transport operations.
When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 years later, he transitioned to become chief executive officer of the Pacific Northwest boatbuilder
Canada is removing a trio of "problem" vessels that have been abandoned in Nova Scotia's Port of Bridgewater.The three vessels—Hannah Atlantic, Cape Rouge and Rupert Brand VI—all showing signs of disrepair, have been moored at a privately owned wharf on the LaHave River for a number of years, posing a threat to the marine environment.
Offshore installation services company Jan De Nul has ordered another XL cable laying vessel (CLV), identical to the Fleeming Jenkin, which boasts ‘unrivalled cable-carrying capacity’.Like the Fleeming Jenkin, the vessel will be 215 meters long and can transport 28,000 tonnes of cables.This will make them the largest capacity cable-laying vessels in the world, according to Jan De Nul.