Singapore-based Asia Break Bulk (ABB), part of Hamburg-based COLI Group, has signed long-term agreements with Schoeller Holdings for four new multipurpose heavy-lift vessels, with the first scheduled for delivery in October 2028.The four 12,600-DWT Octopus-type vessels, designed by CSSC-SDARI, will each feature two 250-tonne cranes capable of tandem lifts of up to 500 tonnes
An unprecedented level of investment in multi-deck vehicle carriers is being driven by tonnage replacement and scale economy strategies, but emphatically also by explosive growth in China’s automotive exports.Global deep-sea automotive shipments, excluding the Russian trade, were estimated at some 15.6 million units in 2025, up 5 percent on 2024, maintaining recent years’ trajectory.
U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump signed a national security memorandum directing the change, which would require the fourth vessel in the Gerald R.
Saronic has expanded its operations to Gulfport, Mississippi, establishing an initial site for on-water testing of the company’s medium unmanned surface vessel (MUSV), Marauder, at the Port of Gulfport.As production of Saronic’s Marauder platform continues to scale, the site will support testing and commissioning of the 180-foot autonomous ships as they move from production to final delivery.
ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs).
China-based offshore wind foundations manufacturer Dajin Heavy Industry has delivered KING TWO, the second 40,000 DWT heavy deck carrier in its self-developed and self-built KING series.The delivery represents a step in expanding the company's offshore vessel-building capabilities
Australian mining company Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable bulk carriers, stepping up efforts to decarbonize maritime transport and support the development of green ammonia as a marine fuel.Under the agreement, Fortescue will charter 12 Newcastlemax dry bulk vessels, each with a carrying capacity of 210
Norwegian shipbuilder Vard has signed a contract with research organization Inkfish for the design and construction of a deep-sea research vessel based on the VARD 9 42 design, in a deal valued at nearly $810 million (€700 million).The company said the contract is the largest order ever secured by Vard for a single vessel and the largest order of its kind for a Norwegian shipyard.
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug. 12, 2026.This sale is the third of 30 Gulf of America oil and gas lease sales required by the One Big Beautiful Bill Act (Public
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies
Iran confirmed on Saturday that its Revolutionary Guards had seized a tanker in Gulf waters carrying a cargo of petrochemicals bound for Singapore over alleged violations, Iranian state media reported.A U.S. official and maritime security sources had said on Friday that Iranian forces intercepted the oil products tanker and diverted it into Iranian territorial waters.
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031.