Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift follows the Navy’s overhaul of its force-structure plans and aligns with new priorities aimed at accelerating next-generation ship designs and
Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser
Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry.The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers.
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous
MTN, a network operator and pioneer in low Earth orbit (LEO) satellite technology adoption, has finalized an agreement to offer Amazon Leo, Amazon’s satellite internet, as an authorized reseller for maritime deployment. MTN will initially provide this service across key maritime industries, including commercial shipping, yachting, offshore, and cruise & ferry, among others.
NYK recently made an equity investment in Oceanic Constellations Inc. (OC) through a third-party allotment of new shares, funding expected to support OC’s efforts to establish a mass-production framework for unmanned surface vehicles (USVs), among other initiatives.OC, an ocean-tech startup, aims to establish a mass-production framework for USVs within the next few years.
On February 5, NYK made an equity investment in Oceanic Constellations Inc. (OC) through a third-party allotment of new shares. The funds from this investment are expected to support OC’s efforts to establish a mass-production framework for unmanned surface vehicles (USVs), among other initiatives.
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
NYK’s Group company Keihin Dock has signed a joint demonstration agreement with Oceanic Constellations (OC), an ocean-tech startup, seeks to establish a mass-production system for small unmanned surface vehicles (USVs).The move aims to accelerate the development of innovative solutions to tackle industry-wide marine challenges in Japan.
The Dominican Navy has received its second 85’ x 19.5’ welded aluminum Near Coastal Patrol Vessel (NCPV), built by Louisiana-based boat builder Metal Shark.Christened ARCTURUS CG-114 in keeping with the Dominican tradition of naming military vessels after constellations and celestial bodies, the new patrol craft was built at Metal Shark’s Franklin
The Surface Navy Association (SNA) announced the appointment of retired Vice Admiral Ron Boxall as its new President, succeeding retired Vice Admiral Rick Hunt, who has served in the role since 2019. Admiral Boxall will make his first official appearance as SNA President at the upcoming Waterfront West Symposium, taking place September 10–11, 2025, in San Diego.
A consortium, led by MAN Energy Solutions, has been formed to deliver the NH3 Spark – FutureFlex project, which aims to develop a dual-fuel, four-stroke GenSet capable of operating purely on ammonia without the need for a pilot fuel, marking a first for a commercial, industrial engine.