Hapag-Lloyd AG v Skyros Maritime Corp: Late Redelivery and Lost Opportunities
The English Commercial Court (the “Court”) has provided helpful clarity on the extent of damages available to a claimant shipowner for the late redelivery of a vessel under a time charter where there is evidence that the owner of the vessel would have been unable to enter into a subsequent charter for the vessel. In such circumstances, only nominal damages will be recoverable, as no actual loss has…
ILO’s Maritime Labor Convention: Amendments to Improve Seafarer Working and Living Conditions
The International Chamber of Shipping (ICS) welcomes the series of landmark updates to ILO’s Maritime Labor Convention (MLC), following an intense week of negotiations at the International Labor Organization (ILO) headquarters in Geneva. Under ILO’s Special Tripartite Committee on the MLC, governments, shipowners, and unions met from April 7-11, 2025, to review and adopt crucial updates that reflect…
German Court to Review Seizure of Russian "Shadow Fleet" Tanker
A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions…
Swedish Submarine Rescue Ship Takes On Role Investigating Baltic Sea incidents
The Swedish navy’s submarine rescue vessel has taken on an additional role as it has been called on to investigate incidents of damage to undersea infrastructure in the Baltic Sea.The Belos, equipped with sonar, a helipad, divers, undersea vehicles and a positioning system that allows it to stay relatively still even in high seas, provides rescue capabilities to Sweden’s submarine fleet if needed.On a spring day in April…
Greece To Buy 16 Anti-Ship Missiles From France
Greece has signed a deal to buy 16 anti-ship missiles from France, Greek Defence Minister Nikos Dendias said on Monday (April 14).The agreement for the French-built…
Indian Shrimp Industry Faces Trouble After Trump Tariffs
Turbulence stirred by President Donald Trump’s tariffs could disrupt global shrimp shipments to the United States, with exporters in top supplier India warning that up to 2,000 containers of frozen shrimp are at risk.Ecuador, however—located thousands of kilometers closer to the U.S.—faces a lower tariff rate and may benefit from the shift, exporters say. Shrimp is the country’s most valuable export after oil.India’s shrimp sector is bracing for a 26% tariff under Trump’s July plan…
ExxonMobil Drill Offshore Cyprus Fails to Find Gas in Commercial Amounts
An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said."Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities," the Ministry of Energy, Commerce and Industry said.ExxonMobil executives had previously described the prospec
Crowley’s New LNG-Powered Quetzal Begins Maiden Commercial Voyage
Crowley’s new LNG-powered containership Quetzal has successfully begun its inaugural commercial voyage, opening the company’s next era of faster, frequent ocean shipping with a new class of vessels for the U.S., Central America and the Dominican Republic.With capacity for up to 1,400 20-foot container equivalent units (TEUs), Quetzal and its three forthcoming sister Avance Class ships will provide more cargo capacity while using lower-emissions liquefied natural gas (LNG) for fuel.
Singapore March Marine Fuel Sales Recover After February Low
Marine fuel sales in Singapore, the world's largest bunker hub, improved in March after hitting a 20-month low in February, official data showed on Monday. Volumes totalled 4.47 million metric tons, climbing 7.8% month-on-month and inching up 0.5% year on year, data from Maritime and Port Authority of Singapore (MPA) showed.Sales improved amid a recovery in vessel calls and container throughput, as well as aggressive selling of low-sulphur marine fuel.
Spanish Coast Guard Rescues 50 Migrants off Canary Islands
Spain's coast guard rescued on Sunday (April 13) 50 migrants trying to reach the Canary Islands on an inflatable boat, the Spanish Red Cross said.The migrants, which included 45 men, four women and one minor, were taken to El Rosario port on Fuerteventura island.The boat was located 90 miles (144 kilometres) off the island of Lanzarote.
Italian Billionaire Emerges as Lead Investor for Group Seeking to Buy CK Hutchison Ports
Italian billionaire Gianluigi Aponte's family-run business is emerging as the lead investor of a group seeking to buy 43 ports from conglomerate CK Hutchison, Bloomberg News reported on Monday, citing people familiar with the matter.The Aponte family's Terminal Investment Ltd (TIL), which manages a diverse portfolio of container terminals according to its website, will be the sole owner of all the ports once the deal is completed…
Svitzer, Wallenius Wilhelmsen Sign EcoTow Agreement to Drive Decarbonization
Svitzer has signed a global EcoTow agreement with the Wallenius Wilhelmsen group. The agreement marks a step in Svitzer’s decarbonization journey and supports Wallenius Wilhelmsen’s ambition to reduce Scope 3 emissions across Svitzer’s global operations.The agreement covers tug jobs across key markets such as Australia, the UK, and Scandinavia. By applying the mass balance principle, Svitzer can use biofuels across its network and bank the resulting CO₂ savings in its emissions ledger.
Ports of Indiana-Burns Harbor Welcomes First Ocean Vessel of the 2025 International Shipping Season
Ports of Indiana-Burns Harbor celebrated the start of the 2025 international shipping season Friday with the arrival of the M.V. Pile, a bulk carrier owned and operated by Polish marine line Polsteam. The ship arrived safely at Indiana’s Lake Michigan port 19 days after departing from Port of Ijmuiden, Netherlands, and navigating the North Atlantic and Great Lakes-St. Lawrence Seaway system.Burns Harbor…
Lloyd’s Register, Seatransport, and Deployable Energy Develop Nuclear Power for Ships
Queensland's ship design group Seatransport and Houston-based Deployable Energy are collaborating with Lloyd’s Register (LR) to develop nuclear power generation for different applications, including strategic response vessels in remote areas. Using micro modular reactor (MMR) technology, two to five MMRs of 1MWe capacity each will power a 73-metre amphibious vessel, designed for emergency response and disaster relief duties in remote areas.
Veson Nautical: Orders For Dry-Bulk Vessels Falldry b by 26% Y-o-Y in Q1
Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels fall by 26% year-on-year according to Hongbeom Park, Head of Korea for global Veson Nautical, a global leader in maritime data and freight management solutions.Speaking at Veson Nautical’s Seoul Forum, Park said uncertainty around the future of fuels, historically high newbuild prices and the price…
Danelec, Aage Hempel Strengthen Global Partnership
Maritime data solutions firm Danelec has reinforced its long-standing partnership with Aage Hempel by signing a new global agreement covering nine of Aage Hempel’s locations worldwide.The agreement is a significant step in further strengthening Danelec’s global service capabilities.Aage Hempel has been a valued and long-standing partner within the Danelec network for 20 years, continuously expanding…
NYK Group: Three Companies to Merge
Three shipping and ship-management companies within the NYK Group—Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.—will merge as part of a business integration.Overview of New CompanyCorporate Name: NYK Bulkship Partners Co., Ltd. (tentative)President: To be determinedAmalgamation date: January 2026 (scheduled)Head office: TokyoBusiness bases: Tokyo, KobeNumber…
Sea1 Offshore Sells 2014-Built Offshore Construction Vessel
Sea1 Offshore, formerly Siem Offshore, has signed an agreement to sell the 2014-built offshore construction vessel (OSCV) Sea1 Spearfish to an independent third party.The sale is done on market terms and will result in a gain of approximately $40 million for Sea1 Offshore, the company said.The vessel is currently on a contract with PXGEO. The remaining firm contract period is reflected in the sale…
Fortescue, CMB.TECH Sign Agreement for Ammonia-Powered Ore Carrier
CMB.TECH has signed an agreement with Fortescue to charter a new ammonia-powered ore carrier. Fortescue and Bocimar, part of CMB.TECH, have signed an agreement for an ammonia-powered Newcastlemax featuring a dual fuel engine.The 210,000-dwt vessel is part of CMB.TECH’s series of large dry bulk carriers currently on order at Qingdao Beihai Shipyard and is expected to be delivered to Fortescue by the…
Moored Dredger Sinks off Singapore, No Casualties Reported
The Maritime and Port Authority of Singapore (MPA) has reported that a moored Belize-registered dredger, KSE Hitachi, had sunk off Tuas in Singapore.According to MPA, there were no personnel reported to be on board the dredger at the time of the incident, with port operations remaining unaffected.MPA is investigating the incident, and navigational broadcast has been issued to advise passing vessels…
