New Fortress Energy has sold Sevan Driller and Sevan Brasil for demolition after previously planning to convert the former Seadrill units into floating LNG liquefaction facilities.
HD Hyundai is advancing plans for a 2.5 million GT shipyard in Thoothukudi, India, as it seeks an overseas production base for tankers and bulk carriers.
K Line has named the 174,000-cbm LNG carrier TOHO EMERALD at Samsung Heavy Industries in South Korea, with delivery scheduled for October 2026.
ENRA Group subsidiary Hexagon Energy Logistics has teamed up with China Offshore Engineering & Technology to prepare a joint bid for an upcoming FSO project in Southeast Asia.
Odfjell Drilling has received a three-year Vår Energi LOA for Deepsea Bergen worth an estimated $518 million, extending the semi-submersible rig’s firm backlog to Q1 2031.
Blue Water Shipping has secured a three-year logistics contract with Noble Corporation covering freight forwarding, customs, rig support and transportation services in Suriname.
Seadrill has added about $200 million to its backlog through new work for West Vela, West Capella and Sevan Louisiana in the U.S. Gulf and Malaysia.
The Consultative Shipping Group warns that geopolitical tensions, unilateral trade measures and the shadow fleet are putting pressure on global shipping rules and freedom of navigation.
Hanwha outlined plans to expand U.S. Navy shipbuilding at Hanwha Philly Shipyard as Acting Navy Secretary Hung Cao visited the Philadelphia facility to discuss investment and workforce growth.
