Vard has delivered Dong Fang Offshore's first newbuild, the Orient Inspirer service operation vessel (SOV), two months ahead of schedule, while the company has approved an order for another vessel from the Norwegian shipbuilder valued at up to $86 million.The Orient Inspirer, previously known as newbuild NB 987
Chile will export its first floating laboratory to the United States after ASENAV signed a contract to build a hybrid vessel dedicated to ocean research for the University California of San Diego.From its home port in San Diego, California, the 38-meter vessel will serve hundreds of scientists and students each year along the Eastern Pacific coast as part of the U.S. Academic Research Fleet.
Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and an adjusted EBITDA of USD$458.5 (EUR 394 million). Total revenue in 2025 amounted to USD$2,519 million (EUR 2,165 million).
Island Offshore’s new hybrid Ocean Energy Construction Vessel (OECV) has been launched to the water at Vard Shipyards Romania in Brăila.The 120-meter vessel, labeled NB 977, is designed to support offshore operations with reduced environmental impact. The vessel, of VARD 3 25 design, will be equipped with a 250-tonne heave-compensated subsea crane