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The Waterline Report

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The Waterline Report

Innovation and sustainability at the maritime forefront.

  • Clean Energy, Vessel Technology

Viking Energy Will Become the World’s First Offshore Vessel to Run on Ammonia

Eidesvik Offshore contracted Halsnøy Dokk to retrofit the PSV Viking Energy with a Wärtsilä ammonia dual-fuel engine. Conversion is scheduled for completion in autumn 2026 A Project Two Decades in the Making The platform supply vessel Viking Energy has been…

  • Romulo Bacchiega
  • February 26, 2026
  • Shipbuilding, Vessel Technology

Fincantieri Launches Ugolino Vivaldi: Italy’s New OPV Generation Sets a New Bar for Naval Automation

Fincantieri launches the first of four next-gen Italian Navy OPVs featuring a two-operator cockpit that sets a new benchmark for naval automation and crewing efficiency Hull in the Water Fincantieri launched the Ugolino Vivaldi (P 440) on February 21 at its historic…

  • Romulo Bacchiega
  • February 25, 2026
  • Laws & Regulations, Shipping

IMO Flags 529 Ships Operating Under False Registries — And the Problem Is Getting Worse

529 ships, 356 unclassed and a fraud network spanning four continents: the IMO’s false flag crisis has more than quadrupled since 2023 — and LEG 113 must now decide how to stop it The International Maritime Organization (IMO) has identified…

  • Romulo Bacchiega
  • February 24, 2026
  • Offshore & Energy

Tidewater Storms Into Brazil: A $500M Bet on the World’s Hottest Offshore Market

The American OSV giant’s all-cash acquisition of Wilson Sons UltraTug Offshore isn’t just about 22 PSVs — it’s a masterstroke to unlock Brazil’s regulatory fortress Tidewater Inc. (NYSE: TDW), the Houston-based offshore support vessel operator that has spent the last…

  • Romulo Bacchiega
  • February 23, 2026
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