When artificial intelligence (AI) and digitalization are discussed in maritime, attention still gravitates toward autonomous ships. Yet the market is not about de-crewing but, rather, applying vessel and shore data to make operations safer, more fuel-efficient, and easier to maintain.As of 2024, the maritime AI market stood at $4.13 billion, with a projected five-year CAGR of 23%.
Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.Two cargo ships were hit by drones overnight and one was sunk, Bulgarian officials said.
Four shipowners from Sweden, Norway and Canada have ordered four new VINGA product tankers for delivery in 2028 and 2029, expanding the Furetank-developed vessel series to 26 ships.Two of the vessels will be owned by FureBear, a joint venture between Sweden's Furetank and Canada's Algoma Central Corporation, while Norway's O.H. Meling and Sweden's Älvtank will each take one.The order marks O.H.
Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic constant as a choke point for which closure has been threatened from time to time but never truly closed. The longstanding assumption of the continued openness of the strait collapsed on February 28, 2026.
With plans to celebrate his family’s 100 years in shipping in 2027, Leif O. Høegh, Chair, Höegh Autoliners, takes a moment to reflect on the company’s bold, ‘first mover’ legacy.In 1927, a young Norwegian entrepreneur named Leif Høegh ordered his first vessel, a tanker named Varg. Backed by the legendary Danish shipowner A.
Sanmar Shipyards has delivered NICO, a powerful and versatile new tug designed for both harbour ship-handling and towing operations, to German operator H. Schramm Towage.The latest delivery is the seventh SANMAR-built tug to join the H. Schramm Towage fleet, continuing a relationship between the two companies that dates back to 2005.
C&C Marine and Repair has delivered the M/V Mimsy H. Lindner to Canal Barge Company, completing a four-boat series of 2,600-horsepower inland towboats for the New Orleans-based operator. The Mimsy H. Lindner follows the M/V Al Sloss, M/V Deborah H. Valentine and M/V Cabby H. Boone, all built by C&C's Belle Chasse shipyard since January.The M/V Mimsy H.
The UK-flagged research vessel Prince Madog has received certification for a hydrogen fuel cell retrofit, following approval by Lloyd’s Register (LR) under its ShipRight Risk Based Certification (RBC) framework. The certification was presented at Seaworks 2026 in Southampton.The project, delivered by vessel owner O.S.
Nippon Paint Marine, a marine coatings leader, has supplied its self-indicating epoxy coating NOA 60 HS, to protect two new floating dry docks for Grand Bahama Shipyard. The floating docks have a combined total of around 1.2 million square meters of surface to be protected. This equates to the area of over 168 full size FIFA football pitches.
Frontline plc (NYSE and OSE: FRO) entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel.“We are in unprecedented times, and these are charter-out-levels not seen for decades," said Lars H. Barstad, CEO, Frontline Management AS.
HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders.“The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the
HII’s Ingalls Shipbuilding division successfully completed the final round of sea trials for Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128). The Ingalls Test and Trials team spent several days in port and at sea conducting a comprehensive series of acceptance test and evaluations, overseen by the Navy’s Board of Inspection and Survey (INSURV).