Maritime

 Baker Hughes has extended its agreement with Equinor through two further contract extensions for integrated drilling and well services, as...

As geopolitical flashpoints continue to multiply across global trade routes, shipmanagers are increasingly relying on centralised intelligence operations to cope with a more fragmented...

Technology group Wärtsilä has announced a €90m ($104.7m) investment to expand technical production capacity by 30% at its Sustainable Technology Hub (STH) in Finland, alongside adjustments across its global supply chain.  This new expansion builds on a previous decision made in February 2026 to increase capacity by 35%, bringing the company’s total planned production uplift to 65% compared with its 2025 baseline.  The earlier phase of the...

Japanese engineering company JGC has started developing a standardised design package for floating LNG (FLNG) units, aiming to significantly accelerate front-end engineering work and shorten overall project delivery timelines.  The package, which is expected to be finalised in fiscal year 2026, integrates Honeywell’s established...

South Korean maritime cybersecurity specialist CYTUR has obtained Approval in Principle (AiP) from Lloyd’s Register for the digital twin readiness of its vessel cybersecurity platform.  The approval covers CYTUR-MG (CYTUR Maritime Guard), the company’s integrated cyber resilience management system designed for both commercial and naval vessels.  The milestone comes as new International Association of Classification Societies (IACS) regulations,...

Oman’s Asyad Shipping is reinforcing its expansion strategy in the dry bulk sector with a new acquisition aimed at increasing...

New York-listed shipping giant Navios Maritime Partners has officially confirmed its return to the VLCC newbuilding market, unveiling a large-scale tanker programme that could eventually grow to eight vessels.  The company, led by Angeliki Frangou, announced that it has agreed to acquire four scrubber-fitted VLCC newbuildings from an unrelated third party in a deal valued at approximately $482m. Deliveries are scheduled for the second half of 2028.  Importantly, all four vessels have already secured employment before delivery....

Russian security services say a potentially serious maritime security incident was narrowly avoided after divers discovered magnetic explosive devices attached...

Morgan Stanley believes the global shipping industry could be entering a prolonged period of vessel undersupply as Asia’s energy security...

G2 Ocean is moving forward with a major fleet renewal programme after confirming the addition of six new open hatch...