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Hanwha Ocean Faces $1Bn Arctic LNG 2 Claim Over Terminated Contracts

Hanwha Ocean Faces $1Bn Arctic LNG 2 Claim Over Terminated Contracts

South Korean shipbuilding giant Hanwha Ocean is facing a damages claim expected to exceed 1 billion dollars from Novatek-backed Arctic LNG 2 over terminated shipbuilding contracts for icebreaking LNG carriers. The shipbu…

Mon Sep 07 20268 min
Kongsberg Maritime to Acquire Finnish Propulsor Specialist Steerprop

Kongsberg Maritime to Acquire Finnish Propulsor Specialist Steerprop

Kongsberg Maritime has entered into an agreement to acquire Steerprop, the Finland-based designer and manufacturer of azimuth propulsion systems. Steerprop has built a strong position in Arctic propulsion, supplying syst…

Mon Sep 07 20268 min
CM Energy Targets European Main Component Exchange Market With Jack-Up

CM Energy Targets European Main Component Exchange Market With Jack-Up

Hong Kong-based CM Energy has announced plans to introduce the jack-up vessel CM Zenith into the European offshore wind market from the first quarter of 2028. The vessel, part of the China Merchants group, will enter Eur…

Mon Sep 07 20268 min
Construction Begins on Svitzer Battery-Electric TRAnsverse Tugs in India

Construction Begins on Svitzer Battery-Electric TRAnsverse Tugs in India

Cochin Shipyard has started building four battery-electric ship-escort tugs for Svitzer, marking a milestone in the Danish owner's drive to cut emissions from its Asian harbour operations. The shipyard held a steel-cutti…

Fri Sep 04 20268 min
Royal Navy Names Two New Fleet Solid Support Ships at Keel-Laying

Royal Navy Names Two New Fleet Solid Support Ships at Keel-Laying

The Royal Navy has marked a milestone in its Fleet Solid Support programme with the keel-laying of RFA Resurgent at the Appledore shipyard in North Devon. The first of three new vessels, which will form the logistical ba…

Fri Sep 04 20266 min
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