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Kongsberg beats profit forecasts as order backlog jumps in Q4
“We are experiencing high demand for our solutions in a world undergoing significant change, and we have established a robust foundation for the continued development,” Kongsberg CEO Geir Haoy said in a statement. Kongsberg Gruppen, maker of the joint strike missile air defence system, increased its order backlog to NOK157.4 billion at the end of […]
Vietnam picks Vingroup unit for offshore wind project
Vietnam’s authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country’s largest offshore wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise. It is the latest setback for foreign investors in Vietnam’s energy sector, after […]
Port of Figueira da Foz closes 2025 below 2M tons.
The port of Figueira da Foz ended 2025 with a global movement of around 1.9 million tons, once again falling short of the 2 million barrier and showing a decline compared to the previous year. According to data released by the Administration of the Port of Figueira da Foz (APFF), the volume recorded represents a […]
Russian builder to equip new fishing vessels with local satellite gear
Foreign-made terminals that have been used as TCMs on Russian fishing vessels of more than 80 GT and with main engine outputs of over 55 kW were already replaced in the 18 months since May 13, 2024. No operational Russian fishing vessels that meet those two conditions are currently equipped with foreign-made terminals. The transition […]
US builder secures new WIG craft orders from Brazil
Regent expects to deliver the first examples of the WIG craft to Synerjet as early as 2029. These will be manufactured at Regent’s new heavily subsidised production facility, which is scheduled to come online within this year. Each of the 10 WIG craft will be fully electrically powered and capable of reaching a cruising speed […]
Cargo ship runs aground near Sweden’s Varberg Port
Plans are being drafted for the ship’s refloating in collaboration with the Swedish Coast Guard, which has also begun conducting an investigation to determine whether the incident was the result of negligence. The 2024-built CL Flanders is owned by Antwerp-based shipping company the Conti-Lines Group. Like her sister ship CL Nogaroshe has been operating primarily […]
ExxonMobil Guyana completes purchase of FPSO One Guyana
The net cash proceeds have been primarily used for the full repayment of the US$1.74 billion project financing and as such materially decreased SBM Offshore’s net debt position. One Guyana has been on-hire since August 2025. It will continue to be operated through what SBM Offshore said is an integrated operations and maintenance model, combining […]
After Swift Turnaround for New Deployment, USS Truxton Returns to the Pier
On February 3, the destroyer USS Truxton conducted a fast turnaround from Naval Station Norfolk in order to redeploy to an unknown destination. The next day, she returned to the pier because of an equipment issue, delaying her departure. Last year, Truxton spent seven months on deployment in the Middle East. She returned to Norfolk […]
French Navy Seizes Four Tonnes of Cocaine, Releases Smugglers
Just weeks after a major multitonne drug bust off French Polynesia, the French Navy has again seized a large cargo of cocaine from a passing vessel, the latest capture in the increasingly-active South Pacific corridor. On February 2, French Navy forces intercepted a small tanker at an unspecified location off French Polynesia, an archipelago of […]