Maritime Vessels Directory

MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will be integrated with the aft hull section before the vessel moves to the next stage of construction.The project is the first to use MODEC's Next Generation Hull (NGH) design and the first FPSO hull to be built in partnership with Sumitomo Heavy Industries Marine & Engineering under the company's multi-yard construction model

A.P. Moller Holding to Acquire Ocean Yield from KKR

4 days ago

A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.Under KKR's ownership since 2021, Ocean Yield has invested more than $3 billion to expand its portfolio, diversify its investment-grade customer base and nearly double its long-term contracted backlog to more than $5 billion, the companies said.The financial details of the transaction were not disclosed.

Container Ship Runs Aground Outside Iran-Approved Hormuz Route

5 days ago

Iran's state media said on Wednesday a foreign container ship ran aground in the Strait of Hormuz after entering shallow waters outside the shipping route designated by Iranian authorities.State media reiterated the Revolutionary Guards' warning that vessels should transit only through the corridor south of Iran's Larak island, which Tehran says is the sole approved entry and exit route for ships passing through the strait.(Reuters - Reporting by Dubai Newsroom; Editing by Alex Richardson)

Sanmar, SAAM Towage Develop Two New Tugboats

11 minutes ago

Sanmar Shipyards has delivered two advanced new-build tugboats to SAAM Towage, the largest tug and towage operator in the Americas, further strengthening the long-standing relationship between the two companies.The two IMO Tier Ill-compliant vessels were recently handed over to SAAM Towage representatives at Sanmar Shipyards' Altinova facilities in Türkiye following the successful completion of sea trials. Renamed SAAM CARANCHO and SAAM KANAN, the tugboats will be deployed in Chile and Mexico respectively.With these latest deliveries, the number of Sanmar-built tugboats operating within the SAAM Towage fleet has increased to 15.

Seatrium Powers First Electricity Export to Singapore Grid from Floating Platform

14 minutes ago

Seatrium Limited has announced that it has achieved the first export of electricity to the Singapore national grid from its Floating Living Lab (FLL), marking a step forward in next-generation floating energy infrastructure.The FLL is a world-first, Remote-CON notated floating DER platform, classed by the American Bureau of Shipping (ABS) and supported by a Remote Operations Centre (ROC), built on DNV's assurance frameworks for remote operations. It integrates distributed energy resources into floating power assets serving both grid and marine consumers across Singapore and Southeast Asia.

Maritime Reporter and Engineering News (June 2026)