Seatrium has secured Approval in Principle from ABS for its FLEXHull™ 1500K-M FPSO, a next-generation deepwater production design engineered for flexibility, capacity, and sustainability.
Seatrium has divested its AmFELS Yard in Brownsville, Texas, to Karpowership affiliate Karpower Valley LLC for S$65 million, as part of a strategy to streamline operations and boost capital efficiency.
Two salvage vessels have arrived in Canada’s Arctic to begin the refloating of the grounded Dutch cargo ship Thamesborg, stuck in the Franklin Strait since September 16.
China Merchants Energy Shipping has taken delivery of CM Hong Kong, the world’s first 9,300-car capacity methanol dual-fuel PCTC, built by China Merchants Industry.
Skarv Shipping Solutions has launched its first newbuild, PEAK SKARV 1, at Huanghai Shipbuilding in China. Scheduled for delivery in January 2026, the vessel is designed for sustainable cargo operations with lower CO₂ emissions.
The Panama Canal Authority has launched a new NetZero Slot for low-emission ships, giving priority access to greener vessels as part of its 2050 net-zero strategy.
ABS and Persona AI have signed an MOU to introduce humanoid robotics to shipyards, aiming to boost safety, efficiency, and innovation in shipbuilding.
Brazilian oil companies are urging the national antitrust authority CADE to investigate the proposed Saipem–Subsea7 merger, warning it could reduce competition in the offshore subsea services market.
The Italian government has conditionally approved the proposed merger between Saipem and Subsea7, a move expected to reshape the offshore engineering and subsea services market.
