Dong Fang Offshore Orders Another CSOV from Vard

Vard has secured a new contract with Taiwanese-based Dong Fang Offshore (DFO) for the design and construction of one Commissioning Service Operation Vessel (CSOV), a sister vessel to the two CSOVs ordered

Ship Recycling Fundamentals Remain Shaky

As inflation starts to slowly ramp up across the world, the US is gradually heading for a recession as the American economy shrank through Q1, reports cash buyer GMS, and the U.S.

World’s Largest Battery-Electric Ship Launched

Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania, Australia.Built for South American ferry operator Buquebus, the 130-meter ferry will enter enters service between Buenos

Wallenius Wilhelmsen Finalizes Acquisition of Armacup

Wallenius Wilhelmsen has acquired the remaining shares in Armacup, bringing the shareholding percentage from 65 to 100%.Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since

NGO in Talks with Malta to Repair Gaza-Bound Aid Ship

An international NGO that intends to deliver humanitarian aid to Gaza by sea said on Sunday it was in talks with Malta's government about allowing the vessel to enter Maltese waters to

What's New in the Reintroduced SHIPS for America Act?

On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation

Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors

Australian Border Force: Ten Illegal Fishers Found Guilty

Ten Indonesian nationals pleaded guilty to illegally fishing in Australian waters in separate cases at Darwin Local Court on April 29 and 30, 2025. The first case arose from an incident on

Humanitarian Aid Ship Hit by Drones While En Route to Gaza

A Gaza-bound ship carrying humanitarian aid and activists was, according to its organizers, bombed by drones in international waters early on Friday morning.Organizers, the Freedom Flotilla Coalition, have alleged that Israel is