Kongsberg Maritime is supplying advanced Aquarius retractable stabilizers for a new fleet of ACL cruise ships, enhancing stability and comfort for high-end coastal voyages. The compact, high-performance systems are designed to minimize roll in smaller vessels, ensuring smoother sailing on routes like the Mississippi and Intracoastal Waterway.
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Orient Overseas has placed a $3.08 billion order for 14 methanol-powered container ships, signaling a major shift toward alternative fuels in global shipping. The vessels’ dual-fuel engines will allow flexibility in meeting both cost and emissions regulations.
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Solstad Offshore has secured three major contracts with Petrobras, including two AHTS vessels and one CSV, signaling strong momentum in deepwater oilfield services. The four-year deals, set to begin in 2025 and 2026, highlight growing demand for subsea intervention services in Brazil’s pre-salt fields.
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Freight rates for Russia’s ESPO crude shipments to China have dropped sharply as a surplus of non-sanctioned tankers eases the impact of Western sanctions. The cost to transport April-loading cargoes fell to $2 million$3 million, less than half the peak rates seen earlier this year.
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India is securing long-term U.S. LNG supplies through a $1.4 billion deal with Trafigura, aiming to fuel its growing economy and diversify energy sources away from volatile regions. The agreement includes 27 cargoes pegged to U.S. pricing benchmarks, reflecting India’s strategic shift toward American energy partnerships.
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