Maritime Vessels Directory

VARD signed a contract with Taiwan's Dong Fang Offshore for the design and construction of one Offshore Subsea Construction Vessel, with option(s). The vessel is of VARD 3 39 design, and the value of the contract is $125m. This is the third vessel VARD is building for DFO, with the first two being Commissioning Service Operations Vessels, contracted in May 2024.DFO aspires to be the supplier of choice to deliver international standard cable installation and repair solutions in the wind and telecoms industries, operations and maintenance solutions for offshore wind farms, and the delivery of turnkey marine construction solutions in Asia Pacific.

Global Trade War Worries Grow as Trump Unveils Sweeping Tariffs

12 hours ago

The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S. trade partners like China, South Korea, Japan, and the European Union - facing duties as high as 25%. Oil, gas, and refined petroleum products have been exempted from the tariffs for now, though the broader economic fallout is expected to be significant.Impact on U.S.

Trump Announces at Least 10% Tariff on All Imports

yesterday

President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that he kicked off on his return to the White House.The sweeping duties would erect new barriers around the world's largest consumer economy, reversing decades of trade liberalization that have shaped the global order. Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for everything from bicycles to wine.U.S.

Marlink Creates Dedicated Cyber Company to Meet Security and Compliance Demand

yesterday

Marlink, a leader in managed services for business-critical IT solutions, has created Marlink Cyber, a dedicated cyber security company to address growth of cyber threats and the increasing need for compliance.Marlink Cyber combines expertise within Marlink with the skills, resources and geographic presence gained with the acquisition of Diverto and Port-IT. Some 150 experts will focus on developing and delivering the services and solutions customers need to address emerging cyber challenges.

A.P. Møller Makes All-Cash Offer to Take Svitzer Private

yesterday

A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.The offer price values Svitzer's total share capital at approximately $1.3 billion (DKK 9.0 billion) and represents a premium of 31.7% against to the closing share price April 1, 2025.APMHI has been the largest shareholder of Svitzer since its listing on Nasdaq Copenhagen in April 2024.

Maritime Reporter and Engineering News (February 2025)