Featured News
DNV: Alternative-Fuel Ship Orders Hit 69 in September
DNV recorded 69 alternative-fuel ship orders in September 2026, the highest monthly total since October 2024. LNG led with 48 orders, while third-quarter contracting reached 168 vessels.
Kincardine Reports £44.4 Million Pre-Tax Loss Amid Vestas Generator Failures
Kincardine Offshore Windfarm Limited reported a £44.4 million pre-tax loss for 2025 after generator failures affected four Vestas turbines, resulting in a £40 million repair provision.
COSCO Shipping Energy Injects $253m into LNG Unit
COSCO Shipping Energy has approved a $253 million cash injection into Shanghai LNG to strengthen its capital structure, following earlier investments in six LNG carrier newbuildings.
CTG Connects First Five Qingzhou V and VII Offshore Wind Turbines
China Three Gorges has connected the first five turbines at the 2 GW Qingzhou V and VII offshore wind projects in Guangdong, commissioning a ±500 kV HVDC transmission system to deliver electricity to shore.
Arabian Drilling Signs SAR 2 Billion KJO Jack-Up Contract
Arabian Drilling has signed a four-year SAR 2 billion contract with Khafji Joint Operations for four offshore jack-up rigs, lifting its total backlog to approximately SAR 18 billion.
Saronic Wins U.S. Navy Production Award for 10 MUSVs
Saronic has secured a U.S. Navy production award for 10 MUSVs following Phase I at-sea testing, with first deliveries planned before the end of FY2027.
Hanwha Ocean LNG Order Worth $499.6 Million Linked to Zodiac
Hanwha Ocean’s $499.6 million LNG carrier contract covers two ships for delivery by November 2029. Shipping reports name Zodiac Maritime as the buyer and describe options for another pair.
Zhongmin Energy Unit Signs RMB 4.2bn Changle Offshore EPC Contract
Zhongmin Energy’s subsidiary has signed an RMB 4.2 billion EPC contract for the 2.1 GW Changle Offshore Centralised Transmission Project in Fujian.
COSCO Shipping Specialized Adds 14 More 60,000-DWT Heavy-Lift Vessels
COSCO Shipping Specialized is adding 14 60,000 DWT multipurpose heavy-lift vessels through eight newbuildings at Dalian COSCO Shipping Heavy Industry and six long-term bareboat charters.
