Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only a handful of vessels in the world capable of using ammonia as a marine fuel.
DNV, the independent energy expert and assurance provider, has supported Femern Link Contractors (FLC) on the Fehmarn Belt immersed tunnel project by providing independent verification of the advanced lifting appliance used to install the tunnel elements.The Fehmarn Belt tunnel, is an 18-kilometer long immersed road and rail tunnel connecting Denmark and Germany
ALMACO Group Inc., a leader in engineering, procurement, and construction (EPC solutions) for the marine and offshore industries, has officially announced its expansion into League City, Texas. Operational from June, 2026, the new location, operating under the name ALMACO Gulf Coast, will serve as a key regional hub to support accelerating shipbuilding efforts along the U.S. Gulf Coast.
The Polar Max project reached an important milestone as Davie and ALMACO officially marked the start of construction with a project kickoff ceremony at Davie’s shipyard in Lévis, Québec. The event signaled the formal transition from planning and design into full execution for one of Canada’s most significant shipbuilding programs under the National Shipbuilding Strategy.
This winter, ice on the Great Lakes is expected to impact a maritime economy valued at $35 billion. The wealth of data provided by space-based assets offers a potential lifeline for navigating these frozen waters. However, data alone is not a solution. Without the means to translate raw satellite feeds into actionable intelligence, it remains an untapped resource
Marine Group Boat Works (Marine Group), a full-service shipyard based in San Diego, won a Navy Grant to establish a maritime welding program designed to expand the skilled labor workforce supporting the U.S. Navy’s growing shipbuilding and repair demands. Marine Group was awarded this grant because it addresses workforce constraints by increasing the number of highly skilled welders certified to
The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday.The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the
Norwegian shipbuilder Vard has completed the upgrades on Island Offshore’s well intervention vessel Island Wellsaver.The extensive upgrade and maintenance operation project for the Island Wellsaver vessel included the replacement of the remotely operated vehicle (ROV) system, installation of winch systems, and general maintentance work.
London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd's Market Association and representatives from the London insurance company market
NYK Line and BHP Group have renewed a memorandum of understanding (MoU) reinforcing both companies’ commitment to support decarbonization and improv the safety of vessel operations.The renewed MoU continues research on technologies for ammonia dual-fuel vessels, the trial of biofuels and other measures to advance low-carbon shipping.