HALEAKALA

Accelerating demand for subsea power and telecoms cable network construction is fuelling major expansion of the world fleet of purpose-designed cable laying, maintenance and repair vessels.Driven by the growth of the offshore renewables sector and its advance into deeper waters, as well as by widening investment in cables connecting electrical grids in different countries, emergent generations of cable ship are distinguished by scale, productivity, and technological intensity.  Ongoing geopolitical tensions are also giving a fillip to the development of subsea cable infrastructure

Norwegian maritime technology company Kongsberg Maritime has unveiled the Arctic Hunter USV, a new class of uncrewed surface vessels designed for rapid integration and deployment into Hybrid Fleets.In response to the UK Royal Navy’s development of its hybrid fleet of crewed and uncrewed assets, the Arctic Hunter USV combines commercial ship design with Kongsberg Maritime’s remote and autonomous technologies to deliver anti-submarine warfare (ASW) capability in the High North.Kongsberg Maritime has selected one of its Arctic commercial vessel designs to adapt and optimize for the Royal Navy’s Type 92 ASW requirement.

Alfa Laval has entered into a definitive agreement to acquire Norwegian maritime software company NAVTOR for $700 million in cash, expanding its digital fleet solutions business through one of its most significant transactions to date.The acquisition, valued at $700 million (SEK 6.85 billion), is expected to close in the first quarter of 2027, subject to customary regulatory approvals.NAVTOR provides e-navigation, vessel-performance solutions and integrated onboard workflows for shipowners and operators, with customers in more than 90 countries.

After its first year of transatlantic service, NEOLINE's wind-powered cargo ship demonstrates the potential for substantial fuel savings, while technical issues highlight the challenges of bringing sail propulsion into mainstream commercial shipping.For all the discussion surrounding shipping's decarbonization, the commercial equation for alternative propulsion technologies remains relatively straightforward: How much does the technology cost, how much fuel can it save, and how quickly can the investment be recovered?Wind Assisted Propulsion Systems (WAPS) remain a small fraction of the global commercial fleet

Tidewater Inc. reported third-quarter 2026 revenue of $360.4 million, up 5.3% sequentially, as improving offshore support vessel (OSV) day rates and utilization supported earnings growth. The company also completed a $500 million acquisition in Brazil and issued an optimistic outlook for 2027, citing strengthening offshore activity and tight vessel supply.Net income for the quarter ended September 30 reached $17.5 million, compared with a loss of $800,000 in the corresponding 2025 period. Adjusted EBITDA totaled $140.1 million, while operating cash flow reached $75.2 million and free cash flow was $90.9 million.Average realized vessel day rates increased 3.