Industry News

The recent partnership between the Penang Port Commission (SPPP) and the Indian Port Association (IPA) marks a pivotal moment in the maritime landscape of Malaysia and India. As the chairman of SPPP, Datuk Yeoh Soo Hin, underscored, this memorandum o

The maritime industry stands at a crossroads, and Erik Thun Group is boldly steering the ship into uncharted waters with the launch of their latest vessel, the MV Spiken. This isn’t just another addition to their fleet; it’s a paradigm shift in how d

In the evolving landscape of ocean technology, Plymouth’s own ZERO USV is making significant waves with its innovative approach to autonomous vessels. The company recently snagged the coveted title of Tech Company of the Year at the Tech South West A

The maritime industry is witnessing a pivotal shift toward sustainability, and the recent collaboration between Teledyne RD Instruments (RDI), All American Marine (AAM), and the Orange County Sanitation District (OC San) exemplifies this trend. The d

Ocean Power Technologies Inc (NYSE-A:OPTT) has made quite a splash in the maritime industry with its recent financial report for the fiscal second quarter of 2025. The numbers tell a compelling story, showcasing a remarkable 2.7x year-over-year incre

Ocean Power Technologies (OPTT) is making waves in the maritime sector with its latest financial results, showcasing a robust resurgence that could signal a transformative shift for the company and the industry at large. The firm reported a staggerin

The maritime industry is witnessing a seismic shift with the recent contract inked between Avikus, the autonomous navigation technology arm of HD Hyundai, and H-Line Shipping. This partnership marks a pivotal moment as H-Line plans to integrate Aviku

Israel Shipyards has made waves in the maritime defense sector with a groundbreaking agreement signed with the Israeli Ministry of Defense, marking a significant leap towards enhancing the country’s naval capabilities. The deal, valued at a staggerin

Expro’s recent contract win, valued at over $10 million, signals a significant move in the maritime energy sector, particularly in the realm of well decommissioning. The awarded contract is for a comprehensive plug and abandonment (P&A) campaign invo

The maritime sector is on the cusp of a technological renaissance, with smart decision support systems revolutionizing how vessels navigate the high seas. Furuno’s latest innovations exemplify this shift, integrating live video imagery with navigatio