Diamond Gas Jade, a 174,000-cu.-m. Liquefied Natural Gas (LNG) carrier invested by a joint venture under U-Ming Marine Transport Corp., held its grand naming ceremony on May 19 at the Samsung Heavy Industries Geoje Shipyard. Built by Samsung Heavy Industries, Diamond Gas Jade is equipped with the latest energy-saving environmental technologies and a dual-fuel propulsion engine.
Over 95% of large ocean-going vessels moving in U.S. waterways are under the direction and control of a pilot that is a member of the American Pilots’ Association (APA). The enormous increase in vessel sizes – as much as five times bigger than just twenty years ago – without corresponding expansions of waterways has made the already difficult work of these pilots even more challenging.
The American Pilots’ Association (APA) is concerned that the ongoing Department of Homeland Security (DHS) funding lapse is negatively impacting the ability of the U.S. Coast Guard (USCG) to carry out critical navigation safety and mariner credentialing services. “APA and our member pilot associations value the important navigation safety and credentialing services the USCG provides.
Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO).Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson.Ali has served as Executive Vice President, Chief Commercial Officer of the company since August 2022.
After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs.By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024. This was in large part due to few contract awards coming out of Brazil, the world’s biggest user of floating rigs.
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024, but by 3Q 2025 21 units had been re-deployed into other regions of the world.
LNG Canada has loaded the first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility.Located in Kitimat, British Columbia, the LNG Canada facility will export LNG from two processing units or trains with total capacity of 14 million tonnes per annum (mtpa).
Rayglass Boats, a brand of Brunswick Corporation, has unveiled the all-new Protector R Edition range, an evolution of its high-performance RIBs. These exclusive models are engineered to deliver next-level performance, styling, and innovation.Leading the lineup is the 330 Targa R Edition, the first vessel in New Zealand to be powered by Mercury Racing’s new 400R V10 outboard engines.
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects.Cederic Cremers, Shell's president for integrated gas, told Reuters that Indonesia, Malaysia
Deteqt, an Australian deep tech company building one of the world's most compact quantum magnetic sensors, has closed a A$5 million ($3.6 million) seed round led by Main Sequence, with participation from ATP Fund, BOKA Capital, Beaten Zone Venture Partners, Uniseed, and the University of Sydney.
The world's second-largest gold miner, Agnico Eagle, is counting on barge transport through the Northwest Passage to keep the cost of producing gold in its Hope Bay Mine under $1,000 per ounce, Agnico Eagle CEO Ammar Al-Joundi told Reuters, as it attempts to lead a mining revival in Canada's remote Arctic.Agnico Eagle announced on Tuesday that it will invest $2.
Singapore’s Pacific International Lines (PIL) is celebrating the nation’s 60th year of independence with the first SG60 container ship and specially designed containers sponsored for this year’s National Day Parade.Singapore gained independence from Malaysia on August 9, 1965.PIL has unveiled the first container ship to bear the SG60 logo on the hull of its newly built 8