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…
Pair of China-Built Offshore Wind Vessels Enter Fleet
Danish logistics specialist deugro and its partners Siemens Gamesa Renewable Energy A/S and Amasus Offshore B.V. are moving full steam ahead with the next generation of purpose-built transport vessels for the offshore wind sector. In a key milestone for offshore project logistics, the Rotra Futura was delivered on March 30, 2025, and just four days later, her sister ship Rotra Horizon was launched from Zhenjiang Shipyards in Jiangsu Province, China.
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…