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
LR’s latest FOBAS Fuel Insight report highlights broadly steady fuel quality with particular issues around high sediments and chemical contamination, and an increased use of biofuel blends with developments in energy-content measurement.Global bunker fuel quality remained resilient in the first half of 2025 despite growing fuel diversity and tightening environmental regulation
Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet
For the U.S. Navy, boats perform missions from mundane maintenance chores such as hull scraping and cleaning overboard discharges to clandestine special forces insertion and extraction. Some boats are about as basic as you can imagine, and some are equipped with sophisticated combat systems and weapons.
The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.
The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate Matter (Med SOx ECA) under MARPOL Annex VI on May 1, 2025. The sulphur content in fuel oil for ships operating in the area is now limited to 0.1%, reducing air pollution and delivering benefits to both human health and the marine environment.
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.