PENN MARITIME, INC.

Sourcing and maintaining marine coatings systems are arguably a shipowner’s most critical means to ensure a long and productive lifecycle for ships, boats and offshore rigs. At the same time, coatings have become a central part of the ship efficiency, decarbonization discussion. Christer Øpstad, Global R&D Director Fouling Protection, Jotun, discusses how these macro trends are driving R&D within his laboratories today.To start us off, can you provide a ‘by the numbers’ look at Jotun today?Jotun is headquartered in Sandefjord, Norway, still a family-owned company founded almost 100 years ago.

The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas, has been in charge of the construction of the WTIV vessel, the first of its kind to be build in the United States.The vessel, commissioned by Dominion Energy, also recently completed the jacking trial and main crane load testing, Seatrium informed, adding the Charybdis is 96% completed.The vessel complies with U.S. Jones Act regulations, which means it is allowed to operate in U.S. waters for domestic offshore wind projects.

French ship owner Louis Dreyfus Armateurs (LDA) has selected SALT as the naval architect and Shanghai Zhenhua Heavy Industries Company (ZPMC) as the shipyard for the construction of three new service operation vessels (SOVs) ordered by Vattenfall.SALT, an offshore vessel designer and long-time partner of LDA, has been entrusted with the development of the new SOVs.ZPMC has been chosen as the shipyard for the construction of the new SOVs.The new SOVs will integrate high-end European components, including the gangway system, the DP system and key propulsion line systems, ensuring tier I performance and reliability.

The rhythmic clang of hammers and the bright flashes of welding torches filled the air at Skaramangas Shipyard near Athens last month, as workers busily repaired the bow of a large tanker. Nearby, other vessels awaited their turn in the dry dock—an unmistakable sign of renewed activity at the once-idle shipyard.Just a year ago, Skaramangas stood empty, a stark reminder of Greece’s prolonged debt crisis from 2009 to 2018. Following decades of inconsistent government ownership and uncertainty, the shipyard had languished. But today, it is experiencing a revival.“Now there is life here again,” said Theodoros Evagelou, a worker sandblasting and painting ships.

Taiwanese container shipping firm Evergreen Marine Corporation has ordered 11 new LNG dual-fuel container ships from South Korean and Chinese shipyards, whose combined worth is up to $3.2 billion.On February 12, Evergreen disclosed two orders for 11 container ships, each with a 24,000 TEU capacity.The company placed an order to South Korea’s Hanwha Ocean for six vessels, and to CSSC Guangzhou Shipyard International (GSI) in China for the remaining five vessels.Evergreen will pay between $265 million and $295 million per unit, totaling up to approximately $1.77 billion for six vessels to be built at Hanwha Ocean and around $1.47 billion for five containerships at GSI.