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.
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.
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.
DNV says turbine standardisation, longer production runs and predictable project pipelines could reduce North Sea offshore wind LCoE by up to 28% by 2050.
U.S. forces struck five Iran-linked tankers after a second attempted Iranian missile strike against a U.S. Navy vessel, while Iran warned tanker crews near Kuwait and Bahrain.
McDermott has secured a $500 million-$750 million subsea contract from Eni for the Cronos gas development offshore Cyprus, covering project management, engineering, procurement and installation support.
QatarEnergy-controlled LNG carrier Al Marrouna has crossed the Strait of Hormuz, marking the first visible exit of Qatari LNG through the waterway since July.
Dajin Heavy Industry is expanding its KING and EMPEROR heavy transport fleet while holding 24 commercial ship orders valued at approximately RMB 12 billion.
