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.
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.
Viking Vesta, the second of a new series of cruise ships that Fincantieri is building for the shipowner Viking, was delivered today at the Ancona shipyard.The ceremony was attended by Torstein Hagen, Chairman and CEO of Viking, and Luigi Matarazzo, General Manager of the Merchant Ships Business Unit of Fincantieri.The vessel belongs to the segment of small cruise ships.
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.
As global reliance on subsea infrastructure grows, so do the risks. Discover how safeguarding undersea assets opens new frontiers for innovation and investment.Importance of Subsea InfrastructureSubsea infrastructure plays a critical role in maintaining the operational continuity of the modern society and the global economy.
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
VIKING Life-Saving Equipment, a maritime safety solutions specialist and supplier of high-performance boats, has signed a contract with the Norwegian Customs Service (Tolletaten) to deliver a new fleet of cutting-edge patrol and fast response craft.The new boats will strengthen Tolletaten’s maritime capabilities and support its law enforcement and inspection duties in Norwegian waters.
The “Viking Mira," a new cruise ship under construction for Viking, was launched at the Ancona shipyard. The ship is scheduled to debut in spring 2026, offering itineraries in the Mediterranean and Northern Europe.The ceremony, which marks the ship’s transition to the final outfitting phase, was attended by Gilberto Tobaldi, Director of the Ancona Shipyard, and Gastone Lazzari
VIKING Life-Saving Equipment has expanded the capacity and capabilities of its Undertun commuter ferry evacuation system, as part of development work which also confirms the solution surpasses open sea performance requirements in SOLAS and the IMO code for High Speed Craft.After acquiring all Undertun design, production and supply rights last year
VIKING Life-Saving Equipment has strengthened its position in boat manufacturing by setting up a new manufacturing facility in Norway.The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment and for special boats in the defense segment.