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Blogs forNovember 19th, 2025

LFG and PV Drilling Outline Plans for Malaysia Joint Venture

Lianson Fleet Group and PV Drilling have agreed to review joint activities in Malaysia’s offshore drilling sector. Their planned partnership includes rig ownership, chartering and service support, with an initial target of two jack-up units. A shareholders’ agreement is expected in early 2026.

Poland Completes Installation of First Locally Produced Offshore Wind Nacelles

Poland’s offshore wind sector has advanced with the installation of nacelles produced at Vestas’ Szczecin facility for the Baltic Power project. The effort reflects the increasing participation of domestic manufacturers in supplying major turbine components for one of the country’s largest renewable energy developments.

HD Korea Shipbuilding Lands ₩741.2B LNG Carrier Deal

HD Korea Shipbuilding & Offshore Engineering has signed a ₩741.2 billion construction agreement with a North American shipowner for two LNG carriers to be built at HD Hyundai Samho, bringing its cumulative orders to 104 vessels.

Armed Crew Incident Prompts Arrests Near Busan Port

Three Vietnamese crewmembers were arrested after a weapon-involved disturbance aboard a Panama-flagged cargo ship anchored off Gamcheon Port. The incident included an assault, threats, and attempts to break into senior officers’ cabins.

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