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The tugboat operator Svitzer has commissioned the Damen Shipyards Group to build a new multi-purpose tugboat. Delivery is scheduled for the end of 2026. Following delivery, the vessel will be …

The engine manufacturer MAN Engines has expanded its in-line six-cylinder platform with a new generation of engines. These are designed specifically for yachts and sport fishing boats. The new 12.4-litre …

The contract between Fincantieri and OCCAR (Organisation for Joint Armament Co-operation) covers the U212 NFS programme. Under the programme, Fincantieri is building four submarines for the Italian Navy. The contract …

The tanker “Asana” was hijacked in the Gulf of Aden. The crew are currently being held by pirates. There are also German crew members on board. After the chemical tanker …

Canadian tonnage provider Seaspan Corporation has become the first North American shipping business to issue panda bonds, launching CNY 1.5 billion (US$221 million) of three-year bonds through Bank of China. …

Both the charter and S&P markets are responding: sentiment in the MPP shipping sector is improving. “In line with the favourable weather conditions in Europe, sentiment in the MPP sector …

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