PaxOcean–ABB electric tug reaches major milestone

Oil Tankers Arrive in Venezuela Despite US Blockade

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA's effort to expand floating storage and

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Russian Oil Exporters Struggle to Stay Afloat as Discounts Deepen

Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action

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Oil Prices Stabilize as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise

Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.Brent crude futures for February delivery,

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Fincantieri's WASS Snags Torpedo Deal

Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine

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DOF Inks $150M ROV Support Vessel Contract with Petrobras

Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander.The contract was awarded following the same competitive tender process

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ASRY Completes Multiple Rig Upgrades for ADES

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies.In 2025, several ADES jack-up rigs

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HII Delivers Destroyer Ted Stevens (DDG 128) to U.S. Navy

HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by

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China Flexes Military Might Encircling Taiwan

China fired rockets into waters off Taiwan on Tuesday, showcased new assault ships and dismissed prospects of U.S. and allied intervention to block any future attack by Beijing to take control of

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Shipbuilding a Bright Spot for German Industry in 2026

A majority of German business associations expect job cuts in 2026 as the country's economic crisis persists, with industry hit hardest by global protectionism and weak exports, a survey by the German