Featured News
Korean shipbuilders face labor, FX and MASGA pressure despite strong profits
Korean shipbuilders are reporting strong profits and large order backlogs but face labor disputes, currency pressure and limited progress in Korea-U.S. shipbuilding cooperation.
South Korea and Japan Accelerate Shipyard Robotics as China Competition Grows
South Korean and Japanese shipbuilders are expanding robotics and smart-yard systems as labour shortages and competition from Chinese yards increase pressure on production.
Alfa Watan Sinks, Able Damaged in Drone Attacks off Bulgaria
Alfa Watan sank and Able caught fire after aerial and sea drone attacks in Bulgaria’s Black Sea EEZ, a day after the fatal sinking of Royad Mammadov off Romania.
Deepsea Mira Secures $70m Shell Contract for Caribbean Work
Northern Ocean has secured a $70 million Shell contract for Deepsea Mira, with a 150-day drilling programme scheduled to begin in the Caribbean in April 2027.
Japan Sanctions 35 Russia-Linked Shadow Fleet Vessels
Japan has imposed sanctions on 35 Russia-linked shadow fleet vessels, extending restrictions to maritime services and vessel-related transactions.
Mitsubishi Plans ¥100 Billion Shimonoseki Shipyard Expansion
Mitsubishi plans a ¥100 billion expansion in Shimonoseki, with a new hull-block plant targeted for operation in 2030 and government subsidies expected to cover up to ¥40 billion.
BP Namibia Farm-In Secures Final Government Approval
BP’s planned acquisition of 60% stakes in three offshore Namibia licences has cleared its final government approval requirement. Eco Atlantic will retain 25% in each, with closing steps still pending.
BW Offshore Blue Ammonia FPSO Receives DNV AiP
BW Offshore and McDermott’s blue ammonia FPSO concept has received DNV Approval in Principle. The design targets annual ammonia output above 1 million tonnes with integrated carbon capture.
UKMTO Reports Hormuz Tanker Attack and Onboard Fire
UKMTO issued a warning on 1 October after receiving a third-party report of a tanker strike and fire in the Strait of Hormuz. Crew safety was reported, but damage and environmental effects were unknown.
