M/V CORAL COAST LC

In a major move to accelerate the U.S. Coast Guard’s icebreaking fleet expansion, Bollinger Shipyards, Rauma Shipyards, Seaspan Shipyards, and Aker Arctic announced a partnership to deliver next-generation Arctic Security Cutters (ASCs) under the Coast Guard’s multibillion-dollar icebreaker program.The collaboration combines U.S., Canadian, and Finnish shipbuilding expertise to meet the Coast Guard’s urgent Arctic mission requirements. Backed by nearly $9 billion in funding secured under President Trump’s “Big Beautiful Bill”, the effort aims to deliver the first vessel within 36 months of contract award, using a mature, production-ready design.

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC), the operator of Blocks B 48/95 and 52/97, on behalf of state-run Petrovietnam. The project marks a key milestone in Vietnam’s push to enhance energy security and offshore infrastructure.The contract includes a firm term of 14 years, with an option to extend for up to nine additional years. The total contract value, including extensions, is estimated at $600 million.

CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC, has become politicised amid an escalating China-U.S. trade war.

Norwegian Cruise Line Holdings signaled a demand rebound for its cruise vacations and maintained its annual profit target, sending its shares up 12% on Thursday.The company had earlier warned that geopolitical tensions and economic uncertainty around tariffs had weakened consumer spending on its premium vacations, particularly for its longer itineraries in Europe.The 12-month forward booked position was ahead of historical levels in recent months after having softened in early April, while on-board spending was strong, CEO Harry Sommer said in a statement.

The “Viking Mira," a new cruise ship under construction for Viking, was launched at the Ancona shipyard. The ship is scheduled to debut in spring 2026, offering itineraries in the Mediterranean and Northern Europe.The ceremony, which marks the ship’s transition to the final outfitting phase, was attended by Gilberto Tobaldi, Director of the Ancona Shipyard, and Gastone Lazzari, New Building Site Team Manager for Viking.With a gross tonnage of approximately 54,300 tons, “Viking Mira” will feature 499 staterooms and accommodate up to 998 passengers on board. The vessel belongs to the small cruise ship segment and is part of the Viking ocean fleet, entirely built by Fincantieri.