Hanwha Ocean faces a $1 billion arbitration claim from Arctic LNG 2 over alleged Step In Agreements breaches linked to terminated shipbuilding contracts.
The Panama Canal Authority has delayed a planned Neopanamax draft reduction, keeping the 14.63 m limit as it monitors Gatun Lake levels and expected El Niño-related drought conditions.
Japan has approved up to ¥213.1bn for shipyard projects led by Imabari Shipbuilding, Japan Marine United and Namura Shipbuilding as it moves to expand domestic construction capacity.
Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.
COSCO has rejected allegations that its vessels carry concealed equipment capable of intercepting military communications near North America, Europe and Asia.
The Saipem-Subsea7 merger remains targeted for the second half of 2026 after the European Commission suspended the timetable for its antitrust review.
Kang Duk-soo, who built the former STX group, is returning to shipbuilding through D-Ocean Asset Management’s KRW 410 billion acquisition of control in SK Oceanplant.
Norway has seized the Russian state-owned Professor Molchanov in Svalbard as Naftogaz seeks to enforce a $4.22 billion arbitration award against Russia.
Hornbeck Offshore Services and Helix Energy Solutions Group completed their all-stock merger, with the combined company taking the Hornbeck name and NYSE ticker HOS.
