Star Bulk Carriers reported a weaker third quarter amid softening dry bulk markets, lower charter rates and a smaller operating fleet, while continuing to reshape its fleet through vessel sales, refinancing and newbuilding acquisitions.The company posted net income of $18.5 million for Q3 2025, down sharply from $81.3 million in the same period last year. Voyage revenues also fell to $263.
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago
Windward Offshore has taken delivery of its first Commissioning Service Operation Vessel (CSOV), Windward Athens, built by Norwegian shipbuilder Vard.The vessel represents a major milestone on Windward Offshore’s growth path and marks the company’s entry into operations with its dedicated CSOV fleet.
With all the Legislative fanfare, Executive Orders, Committee meetings, lobbying efforts and media announcements concerning American Shipbuilding, Naval Warfare and Maritime Dominance, it is no surprise that the result of the uproar is shear confusion within the maritime industrial base (MIB).
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.
Global insurer Allianz Commercial recently issued its 2025 Safety & Shipping Review, examining maritime risk trends and losses. The report revealed that the shipping industry has made significant improvements when it comes to maritime safety in recent years. During the 1990s the global fleet was losing 200+ vessels a year.
Star Information Systems (STAR) has acquired Sharecat, a provider of solutions for managing and improving technical data quality for complex industrial operations.STAR delivers advanced systems for maintenance, operations planning, procurement, logistics, and master data management, mainly for the maritime sector.
Tallink Grupp’s subsidiary, Tallinn–Helsinki Lin, has sold the cargo vessel Regal Star to the Turkish company Ams Line Shipping.The vessel was officially handed over to its new owner on August 6, 2025, and the details of the transaction have not been disclosed.In April, following the sale of passenger vessel Star I, the Paldiski - Kapellskär route began operating with Superfast IX
Meyer Turku has today handed over the Star of the Seas to Royal Caribbean. Star of the Seas is the second Icon class ship built at the Meyer Turku shipyard. Star of the Seas will leave the shipyard in mid-July and will later in the summer start sailing on the Caribbean from its home port in Port Canaveral.
Huisman has secured a contract for the delivery of two Knuckle Boom Cranes, which will be installed on the new Olympic Group’s subsea construction vessels.The two 250 mt cranes will be installed on UT 7623 SEV series of Olymipic’s vessels.The contract was signed last month with China Merchants Heavy Industries (CMHI) in Shenzhen and follows a series of recent Knuckle Boom Crane deliveries to the
Kongsberg Maritime has signed a contract for the design and equip two multi-purpose subsea vessels for Olympic Group, which will be methanol-ready and feature battery hybrid technology.The UT7623 Sustainable Energy Vessels (SEVs) are the first references for Kongsberg Maritime’s latest subsea construction vessel designs and will feature a fully integrated package of technology including
U.S. Coast Guard Cutter Polar Star (WAGB 10) and crew departed the Antarctic region Tuesday after 65 days south of the Antarctic Circle in support of Operation Deep Freeze 2025.Operation Deep Freeze is an annual event, led by the U.S. Antarctic Program (USAP) in conjunction with the Department of Defense, to support the U.S. National Science Foundation (NSF).