Wednesday, January 07, 2026
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Bourbon Arctic

Bourbon Emerges From Long Restructuring With New Private-Equity Owners

Published Jan 6, 2026 8:03 PM by The Maritime Executive

French offshore services company Bourbon has completed its financial restructuring program with the support of two new majority shareholders. The outcome is an important step for Bourbon, which filed for financial reorganization in 2019 and went through a second round in 2025. It has been a long road for Bourbon, once the market leader in global offshore services. Facing financial pressure during the sector's downturn, the company began deferring repayment of its debts in mid-2018 through an agreement with its...

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hydrogen carrier

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

Published Jan 6, 2026 6:18 PM by The Maritime Executive

A new project supported by the Japanese government is designed to provide the foundation for the future hydrogen supply chain. Four years after Japan demonstrated the world’s first liquified hydrogen carrier, the new project seeks to construct the next vessel on a commercial scale. The Green Innovation Fund Project is supported by Japan’s New Energy and Industrial Technology Development Organization (NEDO). The project has a budget of approximately $2 billion and is designed to demonstrate the entire supply chain for...

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MBDA

Rheinmetall, MBDA to Build Laser Weapon for Germany's Navy

Published Jan 6, 2026 6:09 PM by The Maritime Executive

Facing increasing threats from unmanned systems and an ongoing "hybrid warfare" security environment in Europe, Germany's navy is joining the rush to develop a laser weapons system for close-in defensive use. A newly-signed agreement between European air defense company MBDA and German conglomerate Rheinmetall is setting up a new joint venture for laser weaponry with the objective of producing an operational, uniquely German system. "This step demonstrates the potential of determined industrial and technological cooperation in Germany in order to...

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multi-gas/LCO2 carrier

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

Published Jan 6, 2026 5:37 PM by The Maritime Executive

The first large capacity vessel designed to support the efforts for the capture, transport, and storage or reuse of CO2 has been completed, marking a new segment for shipping. The vessel, which has a capacity of 22,000 cubic meters, is designed for charter operations and can move seamlessly between LCO2 transport and gas cargos, including LPG, ammonia, and selected petrochemicals. Greece’s Capital Maritime Group launched the new operation known as Capital Clean Energy Carriers to develop the emerging market. It...

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Offshore

offshore wind farm

Connecticut and Rhode Island File Suit in Support of Revolution Wind

The states of Connecticut and Rhode Island are the latest to join the growing list of court cases filed against the Trump Administration’s suspension of work on five offshore wind farm projects. The states filed suit on Monday in the U.S. District Court for the District of Columbia in support of the Revolution Wind project, which is being developed by Ørsted and a division of BlackRock. It is the second time the two states have joined the legal battle to...

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Shipbuilding

hydrogen carrier

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

A new project supported by the Japanese government is designed to provide the foundation for the future hydrogen supply chain. Four years after Japan demonstrated the world’s first liquified hydrogen carrier, the new project seeks to construct the next vessel on a commercial scale. The Green Innovation Fund Project is supported by Japan’s New Energy and Industrial Technology Development Organization (NEDO). The project has a budget of approximately $2 billion and is designed to demonstrate the entire supply chain for...

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Environment

Coral

Researchers Say the Oceans Have Passed a Milestone for Acidification

[By Anna Napolitano] The past 12 months have been worrying for researchers who study the chemistry of the ocean. More and more evidence has been published showing that human activities are fundamentally altering this chemistry in an acidic direction. At the end of 2025, it seems clear ocean acidification is pushing the largest habitat on Earth into a risky zone. Ocean acidification is part of the global carbon cycle. When carbon dioxide dissolves in water, it forms carbonic acid. This...

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Business

A floating modular nuclear power station based on molten salt reactor technology, granted an AIP by BV in 2022 (BV)

Regulatory and Liability Challenges to Unlocking Nuclear Power for Maritime

2025 was a challenging year for the maritime industry’s decarbonization efforts. Reports at the beginning of the year highlighted that despite an acceleration in the industry’s engagement in low-carbon clean technologies, international shipping emissions were said to have largely returned to 2008 levels. Positive signals came early in January with the introduction of FuelEU Maritime (FEUM), which represents one of the most comprehensive pieces of regional emissions legislation to date, and which seeks to incentivize the integration of low-carbon alternative...

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