Ports & Shipping News

Engineering & EPC

Bowman secures marine engineering contract for Philadelphia cruise terminal development

Bowman has been selected to lead the waterside design and infrastructure development for a new cruise terminal at the Port of Philadelphia. The project is part of a larger $50 million capital initiative to accommodate major cruise vessels on an accelerated timeline.

2 days ago • United States

Power & Utilities

Marine Electricals secures ₹2087.2 million in infrastructure and maritime supply contracts

Marine Electricals (India) Limited has secured new domestic contracts valued at ₹2087.2 million from Adani Infra and Udupi Cochin Shipyard. These agreements, spanning power distribution and maritime monitoring solutions, strengthen the company's order book across the domestic infrastructure and shipbuilding sectors over the next two years.

2 days ago • India

Ports & Shipping

India and UAE expand energy, defence and investment cooperation through multi-sector agreements

India and the UAE have formalized a series of agreements covering defence cooperation, energy security, strategic petroleum storage and financial investments. The initiatives include USD 5 billion in planned investments across infrastructure and financial services, reflecting deeper economic alignment and long-term strategic coordination between the two countries.

2 days ago • India

Economic Policy

Gujarat targets 5 million DWT shipbuilding capacity by 2047 with new cluster-based incentive policy

The Gujarat government has approved a new Shipbuilding and Repair Policy, 2026, aiming to establish integrated manufacturing clusters and expand state capacity to 5 million deadweight tonnage by 2047. The framework introduces capital assistance, interest subvention, and infrastructure support to attract industrial investment into the marine sector.

2 days ago • India

Logistics

ADB signs $40 million loan with Arkas Holding for Turkish maritime logistics

The Asian Development Bank has signed a $40 million loan with Arkas Holding to modernise Türkiye's maritime fleet and expand port infrastructure. The investment, ADB's first private sector infrastructure transaction in Türkiye, aims to boost trade along Black Sea and Mediterranean corridors, enhance efficiency, and reduce emissions.

2 days ago • Turkey

Construction

Maharashtra Maritime Board and Hyke AS sign MoU for Mumbai water metro development

The Maharashtra Maritime Board has signed an MoU with Norway's HYKE AS to develop the Mumbai Water Metro, a planned 16-route water-based transit system connecting Mumbai to Thane, Navi Mumbai, Kalyan, Vasai, and Mira-Bhayandar, including 26 new terminals.

2 days ago • India

Oil & Gas

DOF Group secures $2 billion Petrobras contract for four newbuild RSVs in Brazil

DOF Group has been awarded 12-year charter and services contracts for four newbuild ROV Support Vessels to support Petrobras' deepwater subsea IMR activities in Brazil. The contracts, valued at approximately $2.0 billion, involve construction at Navship yard in Brazil with expected commencement from 2030.

2 days ago • Brazil

Logistics

World Bank approves $200 million for Madagascar multimodal transport project

The World Bank has approved $200 million in financing for Madagascar's Multimodal Transport and Logistics Project, targeting railway, port, inland waterway, and airport infrastructure. The project includes rehabilitation of the Tananarive–Côte Est railway, ports of Majunga and Tulear, 200 km of the Pangalanes Canal, and regional airports, benefiting an estimated 3.8 million people.

2 days ago • Madagascar

Navy

Mitsubishi Heavy Industries secures contract for three upgraded Mogami-class frigates for Australia

Mitsubishi Heavy Industries has concluded a contract with the Australian government to build three upgraded Mogami-class frigates under Australia's General Purpose Frigate program. Construction will begin at MHI's Nagasaki Shipyard & Machinery Works, with the first frigate to be handed over by December 2029.

2 days ago • Australia

Ports & Shipping

Woodside awards $300m Tug Contract to Green Tug Towing for Louisiana LNG

Woodside Energy has awarded Green Tug Towing a $300 million contract to design and build four tugs for the Louisiana LNG terminal, bringing total commitments to Louisiana suppliers past $1 billion.

2 days ago • Australia;United States

Oil & Gas

HHI selects Wärtsilä Gas Solutions for Malaysian VLEC project technology

Wärtsilä Gas Solutions has secured a contract from Hyundai Heavy Industries (HHI) to supply critical cargo and fuel gas systems for two Very Large Ethane Carriers. The vessels, commissioned for a Malaysian owner, underscore the ongoing demand for specialized gas transport infrastructure and the consolidation of engineering standards within high-capacity maritime logistics.

2 days ago • Finland;Korea (South);Malaysia

Ports & Shipping

Fincantieri to build three LNG-Powered cruise ships for Princess Cruises in €5 billion-plus Deal

Fincantieri has signed an agreement with Princess Cruises to construct three 183,000-gross-ton LNG-fueled Voyager-class vessels, with deliveries scheduled for 2035, 2038, and 2039 at the Monfalcone shipyard.

2 days ago • Italy;United States

Oil & Gas

Wärtsilä Gas Solutions secures contract for Hyundai Heavy Industries VLEC project

Wärtsilä Gas Solutions has been selected to provide comprehensive cargo handling and fuel gas supply systems for two Very Large Ethane Carriers. The vessels, commissioned by a Malaysian shipowner, will be constructed at the Hyundai Heavy Industries shipyard with equipment deliveries scheduled for early 2027.

2 days ago • Korea (South)

Engineering & EPC

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

2 days ago • United States