FUGRO SYMPHONY

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.

d’Amico International Shipping S.A., an international operator in the product tanker sector, announced its financial results for Q2 and H1 2025. Despite market normalization following last year’s record highs, DIS achieved solid profitability and maintained its strong financial position.Financial Highlights (H1 2025 vs H1 2024):Net Profit: US$ 38.5 million (vs USD$122.9 million)Time Charter Equivalent (TCE) Earnings: USD$129.8 million (vs USD$210.5 million)EBITDA: USD$73.4 million with a margin of 55.5%Operating Cash Flow: USD$86.2 millionNet Debt to Fleet Market Value (excl. IFRS 16): 13.0%Cash & Cash Equivalents: USD$124.1 millionIn Q2 2025, the company posted a net profit of USD$19.

French subsea power cable maker and services provider Nexans has formed partnership with Crowley Wind Services to develop and operate a Jones Act compliant cable lay barge. The cable lay barge will be dedicated to supporting the installation of subsea transmission lines necessary for offshore wind energy, telecommunications and other major industrial applications.The 300-foot, U.S.-flagged vessel, built in Louisiana and tested in the U.S. Gulf to Nexans specifications, will be crewed by American mariners under Crowley’s operation.The vessel will play a critical role in laying and burying the subsea cables needed to deliver energy from offshore to the grid onshore.