The U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers between the United States and Finland..Contracts were awarded to Rauma Marine Constructions Oy of Rauma, Finland, and Bollinger Shipya…
USCG Awards Icebreaker Vessel Construction Contracts Read More »
Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year…
Subsea Vessel Market Outlook ‘Robust’ for 2026 Read More »
The Caspian Pipeline Consortium, which delivers oil from Kazakhstan, said it had suspended oil exports from the Black Sea’s terminal on Monday due to bad weather.It also said that terminal has halted oil intake due to full reservoirs until weather…
CPC Suspends Black Sea Oil Exports After Storm Halts Terminal Read More »
Greece, Israel and Cyprus will step up joint air and naval exercises in the eastern Mediterranean in 2026, deepening their defence cooperation, Greek military officials and a senior source said on Monday.The three eastern Mediterranean nations…
Greece, Israel and Cyprus to Step Up Defense Cooperation in Mediterranean Read More »
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 Economic Institute IW showed on Monday.Of 46 busine…
Shipbuilding a Bright Spot for German Industry in 2026 Read More »