Fincantieri announced that it has signed a contract with Marc-Henry Cruise Holdings LTD, Joint Owner/Operator of Four Seasons Yachts, for the construction of a third hospitality vessel. The value of this agreement, subject to financing and other typical terms and conditions, is considered as large.Scheduled for delivery in 2031, the new vessel will be the third unit in a new class of hospitality vessels designed and built by Fincantieri at its Ancona shipyard…
Dutch shipyard Concordia Damen announced it has received a contract from TUI River Cruise for two CDS River Cruise 135 vessels. These cruisers are of in-house design and have been tailored to TUl's needs.TUI River Cruises' fleet is currently expanding from six to 10 ships…
ALMACO Group Inc., a leader in engineering, procurement, and construction (EPC solutions) for the marine and offshore industries, has officially announced its expansion into League City, Texas. Operational from June, 2026, the new location, operating under the name ALMACO Gulf Coast…
ABS and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) signed a memorandum of understanding to cooperate on digital technologies to strengthen safety and performance in shipbuilding.The agreement establishes a framework for the organizations to collaborate on Digital Threads…
Damen Shipyards Group has signed a contract with Polidano for the delivery of two Combi Freighters (CF) 3850. The Malta-based company will use the vessels primarily for the transport of aggregates for its construction business. The new vessels…
The Scottish Government has announced its intention to award Ferguson Marine the contracts to build four vessels. This decision provides a guaranteed five-year pipeline of work.The package of vessels as part of the proposed award includes the…
Wilson Sons held a launch ceremony for the tugboat WS Halcyon Thursday, January 29, in Rio de Janeiro. It is the first of a new series of three high-powered tugs.Built at the company’s shipyard in Guarujá (São Paulo), WS Halcyon is a class 2312…
Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland shipping companies, for the extensive refit of a dry cargo vessel Hirschhorn. The vessel recently arrived at the Concordia Damen yard in Werkendam…
On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here)…
The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance…
The Arab Shipbuilding and Repair Yard Company (ASRY), a maritime repair and fabrication facility in the Arabian Gulf, organized an interactive workshop with the participation of several classification societies specializing in setting technical and engineering standards for shipbuilding…
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ)…
Eastern Shipbuilding Group (ESG) reached an exciting milestone today, initiating steel cutting for the first of four advanced escort tugs for Saltchuk Marine at its Allanton Facility. Attending the ceremony were key members of Saltchuk's leadership team…
Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group…
Finnish shipbuilding company Meyer Turku Oy (known as the Turku shipyard) announced that the supply orders of the shipyard got almost doubled in two years.'The value of supply orders to the shipyard has grown very strongly. It has almost doubled in two years (+ 84 %)…
