Hanwha Defense USA (HDUSA), Hanwha Systems Co (HSC), and U.S.-based collaborative autonomy company HavocAI announced they will jointly develop 200-foot autonomous surface vessels (ASV).Hanwha is currently the only shipbuilder with an operational…
Hanwha and HavocAI Partner on USV Development Read More »
Frontline plc has announced a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older vessels.The company has entered into an agreement to sell eight of its oldest first-generation ECO very large crude ca…
Frontline Begins Fleet Renewal Program Read More »
The ship recycling market in India has shown some strength in these early days of the year. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the India market came up further this week, with local p…
Ship Recycling Prices Improving in India Read More »
The VLCC market has just wrapped up one of its most powerful freight environments in years. Earnings surged past $100,000 per day, with momentum staying strong throughout Q3 and Q4. For much of the year, freight rates moved broadly in line with 2024 le…
As costs rise and forecasts shifts, owners are seeking designs that balance opportunity across offshore wind and oil and gas. Jon Inge Buli, Head of Offshore SGA, Wärtsilä, explores how vessel owners and designers can build resilience into new tonnage …
Designing offshore vessels for market resilience Read More »