The top 3 money regrets that haunted Americans last year. How to avoid them in 2026

New PaxOcean Shipyard Opened in Singapore

PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features

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Mitsui Develops Overhang Permanent Magnet Shaft Generator

Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted

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Norway Expects More Russian Spying in the Arctic

Norwegian security services said they expect Russia to step up its spying on Norway this year, with a focus on the Arctic, and Moscow may commit acts of sabotage aimed at undermining

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Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

CAPE Holland, a global leader in offshore industry foundation installation equipment and a company within the Venterra Group, announced that it has secured a contract with CDWE for the Fengmiao Offshore Wind

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Kongsberg Gruppen Q4 Beats Forecast

Norway's Kongsberg Gruppen reported a bigger than expected rise in operating profit for the fourth quarter and said its order backlog had increased by 11% in the final three months of 2025.Earnings

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"Regulatory Relief" Coming for Shipbuilding, says US Department of Labor

The U.S. Department of Labor published a notice providing enhanced and transparent guidance for calculating the amount of securitization required by insurers writing policies under the Longshore and Harbor Workers' Compensation Act. This

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EU Proposes Sweeping Sanctions on Russian Crude Exports

The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of

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NYK Invests in Oceanic Constellations Tech Startup

On February 5, NYK made an equity investment in Oceanic Constellations Inc. (OC) through a third-party allotment of new shares. The funds from this investment are expected to support OC’s efforts to

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Lloyd’s Register Strengthens Leadership in China with New Appointments

Lloyd’s Register (LR) has further enhanced its capabilities in China with the announcement of three new senior appointments. Tianxiang Li (TX), LR’s Director of Global Technical Support Office (TSO), has been appointed as