Maritime Reporter & Engineering News

12/31/2025

Breaking: Finnish authorities seize Russian vessel 'Fitburg' over suspected undersea telecom cable sabotage.

Finnish police on Wednesday seized a ship sailing from Russia on suspicion of sabotaging an undersea telecoms cable running from…

12/31/2025

Taiwan stays alert as China's military drills conclude. Regional security is crucial. 🇹🇼🔍

Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping…

12/31/2025

2025 was a year of unpredictable market shifts, driven by trade turmoil, tech advancements, and geopolitical tensions. What's on the horizon for 2026?

12/31/2025

Exciting news! Fincantieri's WASS lands a $235M torpedo contract with the Indian Navy. A major milestone coinciding with our 150th anniversary. 🛥️

Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced…

12/30/2025

Despite a US blockade, oil tankers are reaching Venezuela, demonstrating PDVSA's resilience in maintaining crude exports. 🇻🇪🛢️

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of…

12/30/2025

Exciting news! Saipem has been awarded two major offshore contracts in Saudi Arabia, totaling $600m. Strengthening ties with Aramco and boosting local industry with new EPCI projects at the Berri, Abu Safah, and Marjan fields! 🌊🏗️

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing…

12/30/2025

Oil prices hold steady as hopes for Russia-Ukraine peace fade and Yemen tensions escalate. 🌐🛢️

Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical…

12/30/2025

China flexes military muscles with drills around Taiwan, firing rockets and testing blockades.

China fired rockets into waters off Taiwan on Tuesday, showcased new assault ships and dismissed prospects of U.S. and allied intervention…

12/30/2025

Exciting news! Fincantieri's WASS wins a major contract to supply Black Shark torpedoes to the Indian Navy, boosting ties with India.

Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy…

12/30/2025

Exciting news! ASRY has completed multiple rig upgrades for ADES, enhancing their global drilling capabilities.

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding…

12/30/2025

Exciting news from DOF Group! We've secured a $150M contract with Petrobras for the Skandi Commander, a state-of-the-art support vessel. This marks a major milestone in our 25-year journey in Brazil. 🌊🚢

Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel…

12/30/2025

2026 is set to be a turning point in energy markets with trends in oil, LNG, and renewables. Eyes on oversupply and changing dynamics!

Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil…