Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas.The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms.The start of operations is scheduled for the first quarter of 2026.Sea1 Atlas is a 4,700 dwt, 87.9-meter-long STX PSV 4700 vessels built in 2013.
Höegh Evi and Aker BP have secured an Approval in Principle (AiP) from DNV for a next-generation liquefied CO2 (LCO2) carrier.The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, is designed to transport captured CO2 safely and cost-efficiently from European industrial emitters to offshore sequestration sites on the Norwegian Continental Shelf (NCS).
Schottel will equip a new RoRo cargo vessel for U.S.-based United Launch Alliance (ULA) being built by Bollinger Shipyards in Amelia, Louisiana. The vessel, to be named SpaceShip, will transport Vulcan rockets from the factory in Decatur, Alabama, to the launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California.
Texas-based subsea oil and gas equipment supplier Trendsetter Engineering has marked the first deployment of its Trident 20,000 psi (20K) intervention system at Beacon Offshore’s Shenandoah project in the Gulf of America.The Trident 20K intervention system was deployed from Transocean’s Deepwater Atlas drillship for a two-well flowback operation at the deepwater Shenandoah project.
The U.S. Coast Guard and partner agencies apprehended a stowaway smuggler and seized 10 bales of cocaine in San Juan Harbor, Puerto Rico, on January 28.The seized contraband weighed a combined total of 358kg/789.25 pounds and is estimated to have a wholesale value of more than $5 million. The apprehended suspect faces federal prosecution on drug trafficking charges.
Warship builder TKMS rode a global defence boom to reach a valuation of 6.3 billion euros ($7.35 billion) in its blockbuster stock market debut on Monday, surpassing that of parent and main shareholder Thyssenkrupp.The listing of TKMS is the German conglomerate's latest move to simplify its structure and take advantage of growing demand for defence assets.
HavocAI, a developer of maritime autonomous systems, has secured $85 million in new capital.The funding comes from new investors B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners, along with continued support from Scout Ventures and Outlander Ventures in addition to other early funders.
Mustang Survival, part of Wing Group, is expanding its research and development capabilities through a newly formed R&D and Advanced Concepts team with investments in testing equipment, AI-driven analytics, and global collaborations.Built on decades of problem-solving in the harshest conditions, the company is accelerating the entire cycle — from early-stage research and user engagement