Royal IHC targets return to profitability as order book grows
Royal IHC expects to return to net profitability in 2026 after significantly improving its financial position and growing its order book during 2025. According to the Dutch shipbuilder's annual report, revenue increased to EUR 487.2 million, while the net loss...
Eneti shareholders agree to merger with Cadeler
The offshore wind turbine and foundation installation company Cadeler is planning a takeover of Eneti Inc., which operates in the same market. It has now become clear that the shareholders of American Eneti support the merger. The combined group will be named Cadeler...
Shipbuilding in Finland, not the cheapest but the best
From the magazine - Finland is a country that is far from cheap with high costs of living. So high wages are needed and yet the Finns succeed in keeping up a respectable shipbuilding industry that is capable of building a wide range of ships, especially the...
International consultations on protection of ships in Red Sea
Together with international partners, the Netherlands is discussing the situation in the Red Sea, which may lead to more protection for ships. The largest container carriers have already announced they will no longer sail in the area after several ships have been...
Damen Shipyards appoints Martin Bloem as Group Director Corporate Affairs
Martin Bloem will start as Group Director Corporate Affairs at Damen Shipyards Group effective 1 January 2024. This is a new position at the largest shipbuilding concern in the Netherlands. Bloem is certainly no stranger to the maritime world. He was involved with the...
Van Oord completes Palm Jumeirah maintenance
Following the construction of Palm Jumeirah, in Dubai, UAE, that started in 2001, Van Oord has now completed the first major maintenance works on the Palm's trunk, sixteen palm leaves and crescent. The beaches have been restored and shaped with quality sand. In the...
WinGD and Alfa Laval to advance ammonia engines
Alfa Laval and Swiss engine designer WinGD have established a partnership in which Alfa Laval will deliver two fuel supply systems for testing WinGD’s ammonia-fuelled engine in early 2024. The partnership is a significant step forward in the development of ammonia as...
Gangway falls from crane causing one fatality
Not following a manufacturer's information manual resulted in a fatal accident with a gangway on board a tanker. The Nautical Insitute discusses the incident in its latest Mars Report. The Nautical Institute gathers reports of maritime accidents and near-misses. It...
Dutch CO2 storage project L10CCS reaches FEED phase
L10CCS is one of the large stores to be connected to the Aramis CO2 transport and storage initiative in the Dutch part of the North Sea. The project has now entered the next phase of Front End Engineering Design (FEED). Neptune Energy and its partners EBN, Tenaz...
X-Press Feeders’ first methanol ship to sail from Rotterdam
X-Press Feeders has fourteen dual-fuel vessels on order and due for delivery from next year’s first quarter through to mid-2026. The methanol-powered vessels will be used to create "green routes" from Rotterdam to the Scandinavia-Baltic region of northern Europe. The...
Zulu reveals design for zero emission short sea vessel
Zulu Associates, the Belgian zero emission vessel developer, and its subsidiary, Anglo Belgian Shipping Company Ltd, have introduced the concept design of their 200 TEU short sea container vessel, the Zulu Mass. The zero-emission ship also features an auxiliary wind...
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