Shipowners’ Club announced a 5% General Increase in P&I premiums for 2026 and a 10% deductible rise, citing inflation and higher claims.
Dominion Energy confirmed commissioning delays on its $715M WTIV Charybdis but said the Coastal Virginia Offshore Wind project remains on schedule.
Korea’s major shipbuilders posted strong Q3 2025 earnings, but rising container ship orders and Chinese price competition have raised profitability concerns.
The European Union has lifted sanctions on Red Box Energy Services’ Polar Class heavy-lift vessels Audax and Pugnax, previously tied to Russian Arctic LNG construction, gCaptain reported.
U.S. President Donald Trump announces South Korea’s approval to construct a nuclear-powered submarine at a Philadelphia shipyard, marking a milestone in U.S.-South Korea relations and shipbuilding cooperation. South Korea to replace its diesel-powered subs with advanced nuclear technology.
India sets a national goal to rank among the top five global shipbuilding nations by 2047 through major maritime investment and green cooperation.
Chile’s US$4.45 billion San Antonio Outer Port has attracted five major prequalified bidders, reaffirming Chile’s reputation as a stable and reliable partner in maritime infrastructure.
Noble Corporation is evaluating strategic options for its Noble Globetrotter I drillship after its OMV Petrom contract ends in April. According to Upstream, the vessel could be sold if no new intervention work is secured, amid broader fleet adjustments and rig sales across Noble’s global portfolio.
According to TradeWinds, the sanctioned aframax Komander grounded in the Suez Canal before being refloated, temporarily blocking northbound traffic.
