Maritime Vessels Directory

SFL Corporation has ordered two 93,000-cubic-metre Very Large Ammonia Carriers (VLACs) for about $216 million and secured long-term time charters for the newbuilds with an unnamed oil major.The vessels are scheduled for delivery from the second quarter of 2028 and will mark SFL's entry into the gas carrier segment.The associated charters will add a minimum of about $162 million to SFL's fixed-rate charter backlog. The initial charter duration will be determined within the next six months, potentially increasing the backlog, while the charterer will have options to extend the charters by up to four years.

DNV Backs Blue Ammonia FPSO Concept from BW Offshore and McDermott

3 days ago

BW Offshore's blue ammonia floating production, storage and offloading (FPSO) concept, jointly developed with McDermott, has received Approval in Principle (AiP) from DNV, advancing the proposed offshore low-carbon ammonia production solution towards further design development.The AiP provides an independent, risk-based assessment of the concept at an early stage and establishes a basis for further design development, certification and classification.Unveiled in February, the FPSO concept is designed to process up to 3 million cubic meters of natural gas per day and produce more than 1 million tonnes of ammonia annually.

Saronic Breaks Ground on $3B Shipyard 'Port Alpha'

4 days ago

Saronic has broken ground on Port Alpha, a new U.S. shipyard at the Port of Brownsville, Texas, representing a private capital investment of more than $3 billion and a potentially significant addition to U.S. shipbuilding capacity.Situated on 835 acres with an option to expand to nearly 4,400 acres, Port Alpha is being designed to build autonomous, autonomy-capable and manned vessels. Saronic said the project could eventually support up to 10,000 direct jobs.At opening, the yard is planned to provide 150,000 gross tons of annual shipbuilding capacity, which Saronic said would more than double current U.S. commercial shipbuilding capacity.

Samsung Heavy Industries Books $226M VLGC Pair Order

5 days ago

Samsung Heavy Industries has signed a $226 million (KRW 307.4 billion) contract to build two very large gas carriers (VLGCs) for an undisclosed shipowner in Bermuda, according to a Korean stock exchange regulatory filing.The contract was signed on September 29 and runs through February 28, 2030, with the end date based on the vessels' delivery date.Payments will be made according to construction progress, with the contract including an advance payment.The order represents 2.9% of Samsung Heavy Industries' $7.81 billion (KRW 10.65 trillion) in annual revenue based on its 2025 consolidated financial statements.

The New Rules of Maritime Risk Management

17 minutes ago

As the conflict between the United States and Iran continues its seemingly never-ending dance between smolder and blaze, the prolonged closure of the Strait of Hormuz has captured the attention of maritime businesses seeking relief from the current turmoil and insight into the next geopolitical upheaval. Assuming current trends continue, international relations also appear to be moving toward more protectionist, nation-focused trade policies and away from the previous paradigm of globalism. Maritime businesses and insurers should familiarize themselves with the world’s major chokepoints and prepare for potential disruptions or blockages.The U.S.

Maritime Reporter and Engineering News (August 2026)