Damen Shipyards Group Reports Profit, Order Book in 2024 Report

Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58

HII Reports Q3 2025 Results

HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials

Southampton Marine Services Secures $3.94m German Cruise Contract

Southampton Marine Services Ltd (SMS Group), the UK's largest independent ship repairer, has secured a major USD$3.94 million (£3 million) contract with German cruise company AIDA to refit the first of three

Witherbys to Introduce New Oceanographic Research Vessel from 2026

Maritime publishing and digital training group Witherbys has unveiled plans to introduce a new oceanographic research vessel, the MV Sea Ranger, from 2026 to support its technical development, real-world navigational studies and

Maritime Firms Launch PntGuard to Counter GPS Spoofing Surge

Tschudi Shipping Company, NAL Research and Norway-based SGM Technology have launched PntGuard, a maritime navigation system designed to detect and counter increasing cases of GNSS and GPS signal spoofing at sea.The standalone

Dry Bulk Vessel Market Softens as Coal Shipments Decline

"We estimate that the dry bulk supply/demand balance will strengthen slightly in 2025 and gradually weaken in 2026 and 2027. Cargo demand growth is slowing, as coal shipments decline and iron ore

Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split

Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and

Sanctioned Russian LNG Tanker Makes STS Transfer Off Malaysia

A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according

NYK and Port of Duqm Collaborate on Development

Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company, which oversees port management and terminal operations in Oman, signed a memorandum of understanding at Duqm Economic Forum 2025 to