ABS Greenlights Kongsberg’s Digital Application for DP Systems

American Bureau of Shipping (ABS) has issued an approval in principle (AiP) for Kongsberg Maritime’s Dynamic Positioning Digital Survey (DPDS) application.The DPDS application from Kongsberg continuously gathers data from a vessel’s dynamic

Akastor Sells Skandi Peregrino AHTS Vessel for $25M

Akastor, through its fully-owned subsidiary DDW Offshore, has entered into a binding agreement to sell Skandi Peregrino anchor handling tug supply (AHTS) vessel.Skandi Peregrino AHTS has been sold for the purchase price

Global Offshore Wind Prospects to Rebound in 2025

The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80 billion, according to research from Rystad

Qatar Gas Tops Regional Shipowner Ranking

Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based

Cold Weather, Strong Prices Drive Most U.S. LNG Exports to Europe

Europe soaked up most U.S. liquefied natural gas (LNG) exports for the second straight month in February, as cold weather and strong prices pushed up demand for the superchilled gas across the

DOD Officials Visits Eastern Shipbuilding

Eastern Shipbuilding Group (ESG) has welcomed (Acting) Assistant Secretary of the Navy for Research, Development, and Acquisition (ASN RDA) Dr. Brett Seidle, Rear Admiral Tom Anderson, Program Executive Officer for Ships (PEO

Service Fees on Chinese Vessels Could Cost Billions

VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is

Tidewater's 2024 Net Income Jumps

Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and

IMO Getting Ready to Seal the Deal on a GHG Emissions Pricing Mechanism

There were no major breakthroughs in the on-going discussions about a universal levy at the IMO's Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) last week. Any GHG