Ship Recycling Market Fearful of Tariff Developments
“An extremely volatile week of tariff announcements, suspensions, mishandling of economic affairs and fluctuating markets has left Indian sub-continent ship recycling destinations on edge, fearful of the next moves by a seemingly irrational and aggressive Trump regime,” reports cash buyer GMS.“Reportedly, Trump’s tariff backtracks erupted on the back of a massive sell-off of U.S. Treasury Bonds (the Gold standard of currency for the U.S.
IMO Approves North-East Atlantic ECA
The IMO’s MEPC83 has approved the creation of a new Emission Control Area (ECA) in the North-East Atlantic Ocean. It will be the world’s largest ECA to date.The decision follows an official submission to the MEPC 83 of the research conducted by the International Council on Clean Transportation (ICCT) in collaboration with Porto University, demonstrating the proposal’s potential for reducing emissions…
Stakeholders Respond to MEPC 83 Outcome
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for large ocean-going ships over 5…
Sea Change in Cybersecurity: USCG's New Maritime Reg Set to Transform Digital Safety at Sea
The $5.4 trillion global maritime industry faces a perfect storm of cyber vulnerabilities, and a new government regulation aims to be the lighthouse guiding stakeholders to safer digital harbors.On January 17, 2025, the US Coast Guard (USCG) published a final rule titled “Cybersecurity in the Marine Transportation System,” aiming to bolster the cybersecurity posture of the nation’s marine transportation system (MTS).
IMO Approves Net-Zero Regulations for Global Shipping
The International Maritime Organization (IMO) has achieved another step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around, i.e close to 2050. The IMO Net-zero Framework is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. Approved by the Marine Environment Protection Committee during its 83rd session (MEPC 83) from April 7-11…
Chevron: Venezuelan Oil Cargoes Stalled at Sea After Export Cancellations
At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member's buyers, two sources with knowledge of the matter said on Friday.The U.S. oil producer awaits customs paperwork to return the cargoes to ports after PDVSA on Thursday…
Preview: Japan Energy Summit & Exhibition 2025
From June 18-20, 2025, the Japan Energy Summit & Exhibition will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan’s energy transition, investment landscape, and strategic role in the global energy system. Co-hosted by JERA and Tokyo Gas, this high-level platform will once again provide critical insight into the country’s…
Estonian Navy Detains Russia-Bound Oil Tanker
The Estonian navy detained and boarded a Russia-bound oil tanker on an EU sanctions list on Friday, accusing it of sailing illegally without a valid country flag.The vessel, the Kiwala, has been under EU sanctions since February as part of Russia's so-called "shadow fleet", a term Western countries use for ships they say Moscow deploys to circumvent international sanctions. The ships are typically…
UN Shipping Agency Strikes Deal on Fuel Emissions
Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels.The U.S. pulled out of the climate talks at the International Maritime Organization in London this week, urging other countries to do the same and threatening to impose "reciprocal measures" against any fees charged to U.S.
Lloyd's Register Launches Cruise Centre of Expertise
Lloyd's Register launched its Cruise Ship Centre of Expertise (CCoE) at Seatrade Cruise Global (April 7-10) in Miami, USA.Operating globally, the CCoE integrates LR's classification, advisory and digital services to ensure cruise operators benefit from enhanced safety, operational efficiency, and sustainability guidance.The Centre brings together operational specialists, in-service and newbuilding SMEs…
Lloyd’s Register, Royal Caribbean Group to Advance Maritime Safety and Efficiency
Lloyd’s Register (LR) and vacation company Royal Caribbean Group announced today at Seatrade Cruise Global in Miami, a partnership aimed at driving safety, innovation, and sustainability across the cruise industry. Under this partnership, LR will provide expert classification, risk management, and technical consultancy services to ensure Royal Caribbean Group’s fleet remains at the forefront of maritime safety and efficiency.
China Hikes Tariffs for US Imports in Response to Trump’s Actions
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs, with markets tumbling further and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades."Recession risk is much…
Havila Acquires Polarsyssel Offshore Supply Ship
Havila Holding, through its subsidiary Havila Skipsinvest, has acquired the Polarsyssel offshore supply ship from Fafnir Norway.Polarsyssel serves as the Governor of Svalbard’s service vessel and plays a key role in safety and emergency preparedness in the region.The ship patrols the waters around Svalbard and carries out inspection and enforcement tasks, search and rescue missions, environmental monitoring…
Finnish Port Set for Offshore Wind Overhaul
Euroports Group and Noatun project companies, jointly held by OX2 and Ålandsbanken Offshore Wind I, have signed a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North, including an option for Noatun South.The collaboration marks a significant step in strengthening Finland’s offshore wind infrastructure…
Siemens Executive, Family Die in New York Helicopter Crash
Germany's Siemens said on Friday that Agustin Escobar, the company's global CEO for its Rail Infrastructure division, was killed with his family in a New York helicopter crash on Thursday."We are deeply saddened by the tragic helicopter crash that claimed the lives of Agustin Escobar and his family. Our deepest condolences go out to all of his relatives," Siemens said.(Reuters - Reporting by Dave Graham, editing by Thomas Seythal)
Delfin Secures Key Permits for First Offshore LNG Export project in US
U.S.-based liquefied natural gas (LNG) export infrastructure development company Delfin Midstream has secured key permits and approvals for the construction of LNG projects, under development in Louisiana and offshore in the Gulf of America.On March 21, 2025, Delfin LNG, a subsidiary of Delfin, received a license from the Maritime Administration (MARAD) authorizing Delfin LNG to own, construct, operate…
RWE Drops Bubble Curtain to Silence Construction Noise at Sofia Offshore Wind Farm
RWE has deployed a bubble curtain technology in the U.K. for the first time to protect marine life from the construction noise at its Sofia offshore wind farm.RWE has been working with Hydrotechnik Offshore to introduce an innovative underwater noise-abatement technology, known as a bubble curtain, for offshore wind farm construction in the U.K.The deployment at the Sofia offshore wind farm, located 195km off the coast of England…
Taiwan Charges Chinese Captain over Cable Damage
Taiwan prosecutors on Friday for the first time charged a Chinese ship captain with intentionally damaging undersea cables off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.Prosecutors say the man was captain of the Chinese-crewed Hong Tai 58, registered in Togo, which Taiwanese authorities detained after suspecting the ship had dropped anchor near an undersea cable off southwestern Taiwan…
MAN Engines Selected for CO2 Carrier
The Royal Niestern Sander shipyard in the Netherlands has ordered 2 × MAN 16V175D MEM engines (2,400 kWm/1,800 rpm) in connection with the building of an MPV (Multi-Purpose Vessel) vessel – ‘Easymax 5’ – for Dutch outfit, Wagenborg Operator.The engines will be employed as gensets for power generation aboard the purpose-built CO2 carrier, which will be employed in the offshore, substrate storage of…
Scaling Up Hydrogen Fuel Cell Demand
This past month Maritime Reporter TV has taken a close look at two hydrogen fuel cell projects: the new research vessel planned for Scripps Institution of Oceanography and e1 Marine’s methanol-to-hydrogen technology which is being adopted by STAX Engineering for its emissions capture barges.The Scripps California Coastal Research Vessel will feature a hydrogen fuel cell propulsion system that will…
