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 ...
Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at Colombo Dockyard in Sri Lanka.The vessels will be based on the same design as CS Sophie Germain, delivered to Orange Marine in July 2023.
The captain of an oil tanker intercepted by the French navy has been detained under investigations into whether it was operating under a false flag, the Marseille prosecutor’s office said on Sunday.The vessel named Grinch was seized in the Mediterranean on Thursday, then diverted to anchor off the French port city
GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity.The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and
Cambodia said on Tuesday it had launched a compulsory conciliation process under international law aimed at resolving a long-running maritime boundary dispute with Thailand and had informed the United Nations and Bangkok.The move follows a Thai government decision last month to unilaterally terminate a 2001 agreement with Cambodia that provided a framework for negotiations over the disputed area
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout.
Fincantieri has delivered Four Seasons I, the first ultra-luxury cruise yacht built for Marc-Henry Cruise Holdings, a joint owner-operator of Four Seasons Yachts, at its Ancona shipyard.The vessel is described by the Italian shipbuilder as the world’s first intelligent ultra-luxury ship and represents the first Navis Sapiens unit
GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028.The vessel will be the fourth based on the NG-16000X platform, following an initial U.S.
France-based STAPEM Group has chosen Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) technology as the permanent solution for one of its flagship offshore support vessels, the STAPEM Boreale.Operating in one of STAPEM Group’s key regions, Angola, the vessel is now equipped with a Ranger 2 GyroUSBL 7000 system, an all-in-one, high-performance USBL system for precise positioning performance
Crowley Stena Marine Solutions, the joint venture between Crowley and Stena Bulk, has received approval from the U.S. Maritime Administration (MARAD) to operate the CS Anthem tanker under the Tanker Security Program.The CS Anthem, a U.S.-flagged, 49,990-metric-ton, medium-range tanker, is crewed and managed by Crowley under a bareboat charter through the joint venture.
Magnet Defense today announced beginning production of its first deliverable M48 unmanned surface vessel (USV), marking a pivotal milestone as the M48 transitions from an operationally validated prototype program to a production platform.The M48 offers a range of up to 17,000 nautical miles and the ability to self-deploy from San Diego to the Arabian Gulf, unassisted and without refueling.
Four Seasons and Marc-Henry Cruise Holdings Ltd., Joint Owner and Operator of Four Seasons Yachts, announce the appointment of Ben Trodd as Chief Executive Officer of Marc-Henry Cruise Holdings Ltd., effective July 1, 2025. A trusted leader with global experience in luxury hospitality, Trodd brings a combination of strategic acumen, operational expertise