Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.
Kongsberg Maritime announced the signing of a Memorandum of Understanding (MoU) with PT PAL Indonesia, the country’s largest state‑owned shipyard. The signing ceremony took place at PT PAL’s headquarters in Surabaya and was attended by representatives from Kongsberg Maritime, PT PAL, and the Norwegian Ambassador to Indonesia, Rut Krüger Giverin.
U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit
U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit
The United States has seized another Venezuela-linked tanker, U.S. officials told Reuters on Thursday, ahead of a meeting between U.S. President Donald Trump and Venezuelan opposition leader Maria Corina Machado.The seizure marks the sixth vessel targeted since mid-December that was either carrying Venezuelan oil or had done so in the past.
An oil tanker chartered by U.S. Chevron carrying some 300,000 barrels of Venezuelan heavy crude bound for the U.S. Gulf Coast departed on Monday from the OPEC country's waters, shipping data showed, after a four-day pause in the company's exports of Venezuelan oil.Chevron is the only company currently authorized by Washington to export Venezuelan crude amid an oil embargo that U.S.
About a dozen tankers loaded with Venezuelan crude oil and fuel have left the country's waters in dark mode since the start of the year, according to documents seen by Reuters and industry sources including monitoring service TankerTrackers.com.The movements suggest a potential breaking of a strict blockade imposed by U.S.
At Gastech 2025, DNV awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for the design of next-generation LNG carriers (LNGC) and Very Large Ethane Carriers (VLEC) with forward accommodation and Wind-Assisted Propulsion Systems (WAPS). The designs, featuring 174K LNGCs and 100K VLECs (Ethane/LPG carriers)
HII christened the future USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer to be built at the company’s Ingalls Shipbuilding division.The ship’s name honors former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war.
PT Bahtera Bahari Shipyard (PT BBS) has purchased Liebherr’s CBG 500 E. Scheduled for delivery in October 2025, the crane will be installed on a barge currently under construction at their Batam facility. The CBG 500 E features a rope luffing mechanism, a 65-ton safe working load in grab operation, and a 43-meter outreach—making it ideal for high-volumecoal handling.
Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has signed a memorandum of understanding (MoU) with Indonesia’s PT Elnusa Trans Samudera (ETSA) to explore joint marine services opportunities in the oil and gas sector.ETSA, a subsidiary of PT Elnusa
Incat Crowther said that the first of two new catamaran ferries for Dumai Express Group completed sea trials and will soon commence operations in Indonesia. The 33-m ferries build on a fleet of first-generation 30-m catamarans designed by Incat Crowther for the Indonesian operator.