News

The American Great Lakes Ports Association (AGLPA), including members Ports of Indiana, the Illinois International Port District (IIPD), and Port Milwaukee, in partnership with the Great Lakes St. Lawrence Seaway Development Corporation (GLS), announced a comprehensive market analysis aimed at expanding cargo movement between the Great Lakes and Inland Waterways system. This study aims to leverage the river–lake connection to increase waterborne commerce, supporting critical American industries such as steelmaking, agriculture, energy, manufacturing, and other cargo. The current cargo shipment between the two systems is substantial, with close to 700 million tons of goods moved annually. However, only a small percentage of this cargo currently moves between the Great Lakes and inland rivers. The study will examine opportunities to increase waterborne commerce by evaluating market demand, identifying promising cargo flows, and exploring the infrastructure and operational needs required to support greater integration. By improving the flow of goods, especially exports that power the Heartland, the region can boost economic growth today and reinforce its nation's long-term competitiveness for generations to come. The study will also assess how expanded maritime service could improve supply chain reliability, support key industries, create jobs, and relieve pressure on congested highway corridors. The partnership between AGLPA, GLS, and member ports aims to strengthen maritime commerce and reinforce the region's vital role in the nation's supply chains.

The U.S. Transportation Department has approved a license for oil transportation and storage company Sentinel Midstream's planned deepwater oil export project off the Texas coast, marking a significant milestone in the country's efforts to boost its oil industry and production. The Texas GulfLink project, which is part of the Trump administration's initiative to enhance the U.S.'s ability to accommodate Very Large Crude Carriers (VLCCs), will enable the export of up to 1 million barrels of crude oil per day. Located approximately 26.6 nautical miles off the coast of Brazoria County, Texas, the deepwater port is expected to significantly reduce vessel congestion and improve navigational safety by allowing for faster, cheaper, and more efficient cargo transfer. The project's approval is a result of the coordination between the U.S. Department of Transportation's Maritime Administration (MARAD) and various federal agencies, including the U.S. Coast Guard, in reviewing the application to ensure it meets strict safety and security standards. The Texas GulfLink project is also expected to create jobs at home and stability abroad, as stated by Transportation Secretary Sean Duffy. With this approval, the U.S. crude exports have seen a significant rise, reaching an average of 4.4 million barrels per day in September, the highest since February 2024, according to the U.S. Energy Department. The project's completion is expected to further bolster the U.S. oil industry and production, aligning with President Donald Trump's efforts to promote faster approvals of projects that will help enhance the country's energy sector.

Zelim has announced a significant leadership move by appointing Mike Collier as its new Sales Director, effective January 2026. In this role, Collier will be responsible for spearheading the organization's focus on key sectors globally, with a particular emphasis on the cruise and defense industries. This strategic appointment marks an important milestone in Zelim's continued growth and expansion into these critical markets. With his extensive experience in leading business development efforts for the cruise and defense sectors, Collier is well-positioned to drive Zelim's success in these areas. Prior to joining Zelim, Collier held a leadership position at MARSS, where he played a key role in developing and executing business strategies that aligned with the company's goals. Collier brings a wealth of knowledge and expertise to this new role, which will be instrumental in shaping Zelim's future growth and success. As a seasoned sales professional, Collier is poised to make a significant impact at Zelim, leveraging his skills and experience to drive revenue growth and expand the organization's presence in key sectors. With his appointment, Zelim has demonstrated its commitment to investing in talented leadership and building a strong foundation for long-term success. The company's focus on the cruise and defense industries is likely to be driven by Collier's expertise and passion for these markets. As Zelim continues to navigate the complexities of these rapidly evolving sectors, Collier's leadership will be crucial in driving the organization forward. By appointing Collier as Sales Director, Zelim has taken a significant step towards achieving its goals and solidifying its position as a major player in the industry. With his appointment, Zelim is well-positioned to capitalize on emerging opportunities and drive growth in key sectors.

Roll Group has announced the purchase of two new barges in Indonesia as part of the company’s ongoing fleet expansion. Built to DNV classification standards, the new barges will enhance Roll Group’s ability to deliver integrated, engineered transport solutions for complex energy and infrastructure developments in the region. The barges are being constructed at a shipyard in Indonesia and will operate under the Indonesian flag, but can be employed around the globe. Each barge measures 280 feet in length, with a beam of 90 feet, a depth of 20 feet, and a design draft of 4.8 meters. With a deadweight capacity of approximately 9,350 metric tons and a flat deck capable of handling up to 20 tons per square meter, the barges combine strength, flexibility, and efficiency. The ballastable design enables optimal performance in shallow water conditions, making the barges particularly suited for the transportation of heavy modules and oversized project cargo. Construction is progressing toward scheduled completion at the end of 2026, aligning with Roll Group’s operational requirements. Once completed, the new barges will join Roll Group’s existing fleet. The additions will further strengthen Roll Group’s ability to deliver reliable and cost-effective logistics across the globe, particularly in Asia and the Middle East, where the company has several firmly established projects. Roll Group’s expanded fleet will enable the company to take on more complex and challenging transport projects, capitalizing on its expertise in engineered solutions. The new barges are an important addition to Roll Group’s capabilities, solidifying its position as a leading player in the region. With their advanced design and features, the barges will play a critical role in supporting the growth of infrastructure development in Indonesia and beyond. As the transportation landscape continues to evolve, Roll Group is well-positioned to meet the changing needs of its clients, thanks to its expanded fleet and commitment to innovation. The new barges are expected to have a significant impact on Roll Group’s business, enabling the company to deliver more efficient and effective logistics solutions. With their enhanced capabilities, the barges will help Roll Group to better serve its clients and drive growth in the region.

Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. Since its start in 1948, the company has been a significant marine artery connecting Long Island's South Shore to the car-free communities of Fire Island's western end, moving residents, summer visitors, tradespeople, freight and just about everything else that keeps island life running. Under Mooney’s leadership, Fire Island Ferries has quietly evolved into a diversified marine transportation and services company, while staying fiercely focused on reliability, safety and a fleet strategy built around building quality boats from the start, maintaining and repowering them as needed to keep a steady stream of passengers – nearly 1 million per year by Mooney’s count – flowing steadily between Long Island and Fire Island. The business has grown through acquisition and organic expansion, with Mooney joining full-time in 2004 after a non-traditional path into the family business. He grew up sailing, working summers as a sailing instructor, before deciding to pursue other opportunities. However, his return to the company marked a new chapter for Fire Island Ferries, one that has seen the business adapt and evolve while maintaining its core values. The ferry operator's commitment to reliability, safety, and quality has been evident in its operations, with Mooney prioritizing these aspects above all else. As the company looks to the future, it is clear that Fire Island Ferries will continue to be a vital part of the island's transportation network, serving both residents and visitors alike.

Financial support from federal and state agencies helped Gladding-Hearn Shipbuilding, Duclos Corporation, undertake capital projects that made its shipyard operations more efficient and safer. The U.S. Maritime Administration (MARAD) Small Shipyard Grant enabled the yard to replace heavy bi-fold doors on its 12,000 square foot Walker St. facility. This upgrade improved shop space utilization by allowing a single person to open and close the doors in minutes. A custom 35-ton self-propelled Hostar trailer was also purchased with grant funding, designed to move boats less than 60 feet more safely and efficiently. The trailer features sliding keel beams and hydraulic arms, as well as cradle wheels for launching and hauling vessels on the shipyard's marine railway. Additionally, a grant from the Massachusetts Clean Energy Technology Center (MassCEC) helped build a sheltered plate storage yard, allowing metal plating to be stored outside on racks and kept dry under cover. These upgrades have streamlined operations and enhanced safety at Gladding-Hearn's shipyard. The investments demonstrate the company's commitment to efficiency and sustainability. By leveraging grant funding, Gladding-Hearn has been able to make significant improvements to its facility without incurring substantial upfront costs. As a result, the yard can now operate more effectively and safely, which is essential for delivering high-quality products to customers.

OrbitMI, a provider of maritime SaaS software, announced the appointment of Andrew Redfern as Sales Director for the Nordic & Americas region. In this role, Redfern will lead OrbitMI’s commercial growth across Northern Europe, working with shipowners…

Shipping companies Hapag-Lloyd and Maersk will resume some transit routes through the Red Sea and the Suez Canal this month under their shared services network. The joint ME11 service, connecting India and the Middle East with the Mediterranean, will route through the Red Sea and Suez Canal from mid-February with ships traveling under naval escort. This move comes after vessels were rerouted around Africa in late 2023 following attacks in the Red Sea, which Yemen's Houthis said were to show solidarity with Palestinians in Gaza. The ceasefire in Gaza, in place since last October, has renewed hope of normalizing Red Sea traffic although fighting has not stopped entirely, and both sides have accused each other of violating the deal's terms. The safety of the crew, vessels, and customers' cargo remains the top priority for both carriers. Plans to reroute two other services will be considered later. Hapag-Lloyd and Maersk formed the Gemini network last year in a bid to cut shipping costs and improve schedule reliability. In December, Maersk's Sebarok vessel navigated the route for the first time in nearly two years. The Suez Canal is the fastest route linking Europe and Asia and until the Houthi attacks had accounted for about 10% of global seaborne trade.

The European Commission is set to propose measures designed to ensure more vessels and other goods and services for the European Union's shipping sector are made in the bloc. The draft document says the Commission will encourage public authorities buying ships or equipment to select suppliers based on non-price factors such as sustainability and whether an item is made in the EU. This could boost EU manufacturing of ferries, research vessels, icebreakers and tugs, the document said. In the private sector, demand for EU-manufactured vessels could be encouraged by providing ship owners with easier access to financing, in which the European Investment Bank could play a role. The EU executive is due to set out proposals on February 10 to enhance the bloc's shipbuilding and shipping sectors and the security and sustainability of its ports, part of an overall strategy to boost competitiveness. The plan has split EU countries, with some expressing concerns about the impact on trade and others seeing it as a way to promote domestic industries. The Commission aims to reduce dependence on foreign-made vessels and equipment, which currently account for around 70% of the EU's maritime fleet. By promoting local production, the EU hopes to create jobs and stimulate economic growth in regions that have historically been less competitive. The 'Made in EU' proposals will be presented next week, a week before the EU executive announces a broader push to prioritize locally manufactured products. This move is seen as a response to growing concerns about the environmental impact of large ships and the need for more sustainable maritime practices. As the shipping sector plays an increasingly important role in global trade, the EU's efforts to boost local shipbuilding could have far-reaching implications for the industry and the environment. The Commission will also explore ways to improve the security and sustainability of ports, which are critical infrastructure for the bloc's maritime activities. By supporting domestic industries, the EU aims to reduce reliance on foreign suppliers and promote a more circular economy. The plan is part of a broader strategy to enhance competitiveness in key sectors, including shipbuilding and shipping. As the European Commission prepares to unveil its proposals, industry experts are watching closely to see how the plan will be implemented and what impact it will have on the sector.

A group of armed boats attempted to intercept a vessel 16 nautical miles (30 km) north of Oman, the United Kingdom Maritime Trade Operations said on Tuesday. The UKMTO stated that the incident occurred while the vessel was en route from Oman to the port of Fujairah in the United Arab Emirates. According to reports, the armed boats were reportedly from Iran. The UKMTO is investigating the incident and has issued a warning to ships navigating the area. This latest incident highlights the ongoing security concerns in the Strait of Hormuz, which has been a hotspot for maritime tensions in recent years. The region's strategic importance makes it a critical chokepoint for global oil supplies. Ships traversing this vital waterway must be vigilant about potential threats from armed groups or other hostile actors. With tensions between Iran and other regional powers running high, the Strait of Hormuz remains a sensitive area that requires close monitoring by maritime authorities. The incident serves as a reminder of the risks faced by vessels operating in these waters. The UKMTO's investigation into this incident is ongoing, and its findings will provide valuable insights into the security challenges facing mariners in the region. The safety of ships and crew is paramount, and all necessary measures must be taken to prevent such incidents from occurring. As the situation in the Strait of Hormuz continues to evolve, it is essential for shipping companies and governments to work together to enhance maritime security. The international community must remain vigilant and proactive in addressing these threats to ensure the free flow of goods and resources.

The count down is on for this year’s CMA Shipping 2026 conference and exhibition taking place from 10–12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking, knowledge sharing, and innovation. CMA Shipping 2026 features a robust conference agenda designed to address the most pressing issues facing the maritime sector. Key topics include decarbonisation and alternative energy, digital transformation, supply chain resilience, regulatory updates, and investment trends. The event will also explore emerging technologies such as AI and nuclear energy in maritime, providing attendees with actionable insights to navigate the evolving landscape of global shipping. CMA Shipping 2026 boasts an impressive lineup of over 80 industry leaders, including key speakers from prominent organisations like the Panama Canal Authority, DNV, Ultranav, ABS, RINA, INTERCARGO, Navy Bob LLC, Poten & Partners, Inc., StarBulk Carriers Corp, USA, Cavalier Shipping, State University of New York Maritime College, North American Maritime Ministry Association, Oldendorff Carriers, Core Power, Chamber of Shipping of America (CSA). These distinguished speakers will share their expertise and perspectives on the future of shipping, offering attendees a unique opportunity to learn from the best in the business. CMA Shipping has long been recognised as a cornerstone event for the North American maritime community, connecting stakeholders from across the globe. With its focus on innovation, sustainability, and collaboration, the 2026 edition promises to be a pivotal moment for the industry. The conference offers invaluable insights and connections to help attendees stay ahead in a rapidly changing industry. Whether you’re a shipowner, operator, regulator, or service provider, this event is an essential platform for networking, knowledge sharing, and innovation. For more information and to register, visit the official website: CMA Shipping 2026. As the maritime industry continues to evolve, it's crucial to stay informed about the latest developments and trends. By attending CMA Shipping 2026, attendees can gain a deeper understanding of the challenges and opportunities facing the sector, and make informed decisions about their businesses. This event is a must-attend for anyone looking to navigate the complexities of global shipping in 2026 and beyond.

The International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA) EMEA are sounding the alarm on a significant increase in cargo theft and freight fraud globally. This alarming trend is not only affecting Europe, the Americas, and Africa but also Latin America and several African nations are experiencing particularly severe and violent attacks. According to TAPA's intelligence system, nearly 160,000 cargo-related crimes were recorded across 129 countries between 2022 and 2024, with total losses estimated to reach several billions of Euros. The sophistication and digital enablement of these threats are becoming more pronounced, making it imperative for supply chain stakeholders and government authorities to take urgent action. IUMI and TAPA EMEA have jointly published advice aimed at strengthening resilience against both physical and digital threats. Recommendations include continuous vetting of carriers and drivers; verification of contacts, documentation, and insurance credentials; adherence to recognized security and operational standards; increased vigilance for abnormal behavior; and greater use of secure facilities and route planning. The rise in cargo theft and freight fraud highlights the need for a collaborative approach to mitigate these risks and ensure the integrity of global supply chains.

Finnish marine power electronics specialist The Switch has introduced an Electronic Current Limiter (ECL) to address a growing challenge in modern hybrid and electric vessels: how faults in large battery systems can affect the rest of the ship. As batteries play a larger role in vessel propulsion, power generation, and energy storage, a fault on the battery side is no longer a local issue. Without sufficiently fast protection, sudden fault currents can pull voltage down across the shared DC system, causing healthy equipment to trip or shut down and turning a contained technical issue into a wider operational disruption. Installed between batteries and the DC-Hub, the ECL limits fault current during abnormal conditions before it can propagate into the DC system, preserving DC-link voltage and ride-through capability, allowing other consumers to continue operating. The ECL builds on The Switch's established suite of semiconductor-based protection devices for DC distribution, including Electronic DC Breakers (EDCBs), integrated inside inverter modules, which isolate internal faults within microseconds, ensuring failures are contained locally without destabilizing the DC-Hub, and Electronic Bus Links (EBLs) providing selective protection between DC-Hubs. Battery Short-Circuit Limiters (BSCLs) address the growing short-circuit energy associated with large battery installations by preventing that stored energy from being released into the DC system during a fault. The ECL complements these technologies by focusing specifically on faults on the battery side, particularly in configurations where batteries are connected directly to the DC link. By allowing batteries to connect directly to the DC link, the ECL enables simpler system architecture with fewer conversion stages, increasing vessel efficiency and reducing footprint, while ensuring predictable behavior during faults thanks to its fast, selective protection. For shipowners, the benefit is not only efficiency but operational resilience, as vessels can continue operating or exit operations safely, rather than experiencing blackouts or cascading system failures. The ECL's introduction reflects a broader shift in marine power system design, where failure behavior and ride-through capability are treated as core design criteria rather than afterthoughts.

Auerbach, a Hamburg-based shipping company, has partnered with Inmarsat Maritime to install NexusWave across its new fleet of heavy lift vessels. This move aims to meet the growing demand for high-quality project cargo transport services and to stay ahead of evolving environmental regulations. The new 'ECO' multipurpose vessels, built by China's Taizhou Sanfu Shipyard, feature advanced cargo handling and fuel efficiency systems. Inmarsat NexusWave will provide a reliable and fast connectivity solution, enabling the company to support its data-intensive operations and comply with regulatory reporting requirements. By offering a fully managed bonded service, NexusWave provides a seamless experience comparable to shore-based internet, making it an essential tool for Auerbach's modern ship management. The high-speed and always-on nature of NexusWave will enable Auerbach to optimize its cargo handling processes, reduce downtime, and improve overall efficiency. This cutting-edge connectivity solution is designed to support the growing needs of ship owners like Auerbach, who require fast and reliable data transfer to stay competitive in the market. With Inmarsat NexusWave on board, Auerbach will be well-equipped to handle the demands of modern shipping, from complex cargo operations to environmental reporting requirements. The partnership between Auerbach and Inmarsat Maritime is a significant step forward for both companies, demonstrating their commitment to innovation and customer satisfaction. By leveraging the latest technology, Auerbach aims to maintain its position as a leader in the heavy lift vessel market, while Inmarsat Maritime continues to expand its portfolio of connectivity solutions for the maritime industry. The deployment of NexusWave across Auerbach's fleet is a testament to the power of collaboration and the importance of staying ahead of the curve in an ever-changing market.

Bureau Veritas Marine & Offshore (BV) has announced the launch of its Gas Center of Excellence in Doha, Qatar, further solidifying its commitment to supporting the growth of LNG and gas projects worldwide. The center brings together BV's expertise in gas carrier operations, classification, and regulatory compliance to deliver integrated support across the gas value chain. Staffed by a team of gas specialists with experience in gas carrier operations, both for new building phases and for vessels in service, the Center combines regional know-how with Bureau Veritas' global technical network. Based in Doha, the center is designed to provide responsive, high-level support to stakeholders in Qatar, across the Middle East, and internationally, reflecting the scale of gas investment and fleet expansion in the region and beyond. The Gas Center of Excellence builds on BV's long-standing marine and offshore presence in the Middle East, with operations across 13 offices and with around 120 specialists. So far in the region, BV has classed more than 1,250 ships and provides continued marine classification, surveys, audits, and inspections across the full vessel lifecycle, supporting clients throughout the maritime and energy ecosystem. Today, 50% of the world's leading energy companies work with BV. Its fleet of gas carriers in service totals 344 vessels, including 153 LNG carriers. In the LNG shipping segment, BV holds a leading position, with 21% of LNG carriers currently on order and 19% of LNG vessels in operation sailing under its class, as of the end of 2025. BV is also a market leader in membrane cargo containment systems and dual-fuel propulsion certification and holds around 30% market share in LNG bunkering vessel classification across newbuilds and vessels in service, and classes more than one-third of the world's floating LNG units, including FLNGs, FSRUs, and LNG-FSUs. In recent years, BV has supported major LNG projects for leading energy players, including QatarEnergy, TotalEnergies, Petronas, and Cheniere, providing classification and technical services for next-generation LNG carriers delivered between 2022 and 2025. This experience is reflected in its involvement in QatarEnergy's LNG carrier newbuilding programs with 174,000 m3 and 271,000 m3 capacity LNG carriers, the largest shipbuilding project in modern history, as well as a Condition Assessment Program (CAP) with Nakilat covering more than 22 LNG carriers currently in service. Beyond marine and offshore, the Center is also backed by Bureau Veritas Group's broader global testing, inspection and certification capabilities across the entire gas value chain — from upstream production and midstream transport to terminals, storage, distribution networks and LNG facilities. This is further strengthened by BV's Future Shipping Team, a global cross-disciplinary network of experts driving collaboration, research and innovation to support sustainable, technology-driven progress across the maritime and energy sectors.

Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025, will allow Seatrium to enhance capital and operational efficiencies…

Singaporean shipbuilder Strategic Marine has delivered a 27-meter crew transfer vessel to a Taiwanese company for offshore wind operations in Taiwan. The vessel is based on Strategic Marine’s StratCat 27 design, which was developed in collaboration with BMT, and is intended to support offshore wind farm construction, operations and maintenance activities. According to Strategic Marine, the CTV features a hull form designed to enhance seakeeping, maneuverability and operational performance in Taiwan’s offshore conditions. The vessel will be used to transport technicians and crew to offshore wind sites. The delivery marks the eighth StratCat 27 class vessel deployed in the region and forms part of Strategic Marine’s ongoing engagement with Taiwan’s offshore wind sector as the country continues to expand its renewable energy capacity. We are pleased to deliver the StratCat 27 Crew Transfer Vessel to a Taiwanese company in Taiwan. This project demonstrates our ability to deliver reliable, high-performance vessels that are tailored to regional requirements and support the continued growth of offshore wind across Asia,” said Chan Eng Yew, Chief Executive Officer of Strategic Marine. The vessel is designed to meet the specific needs of the Taiwanese market, with features such as a robust hull design and advanced propulsion systems. This will enable it to operate efficiently in Taiwan’s challenging offshore environment. The delivery of this vessel marks an important milestone for Strategic Marine’s presence in Taiwan, and demonstrates its commitment to supporting the country’s growing renewable energy sector. By providing reliable and efficient crew transfer vessels, Strategic Marine is helping to facilitate the development of offshore wind farms in Taiwan. As the demand for offshore wind energy continues to grow globally, Strategic Marine is well-positioned to support this trend with its range of high-performance vessels. The StratCat 27 design has already proven successful in other regions, and its adoption in Taiwan marks a significant expansion of Strategic Marine’s operations in Asia. With its focus on delivering tailored solutions for regional customers, Strategic Marine is helping to drive the growth of offshore wind energy across the continent. By supporting the development of offshore wind farms, Strategic Marine is playing an important role in reducing carbon emissions and promoting sustainable energy production. The delivery of this vessel marks a significant step forward for Strategic Marine’s engagement with Taiwan’s offshore wind sector, and demonstrates its commitment to delivering high-quality vessels that meet the specific needs of regional customers.

Stena Line has announced its decision to discontinue the ferry route between Halmstad in Sweden and Grenaa in Denmark, a move that will impact the region's transportation landscape. The company's CEO, Niclas Mårtensson, cited several factors contributing to this decision, including strong competition from fixed bridge connections, a strained cost environment, and challenging market conditions due to global uncertainty and economic weakness. This strategic move aims to optimize resource allocation and future-proof Stena Line's business, ensuring the long-term resilience of its route network. The Halmstad-Grenaa connection has been in operation since 2020, with the vessel Stena Nautica serving this route. By discontinuing this ferry service, Stena Line will redirect resources to more profitable routes and strengthen its position as a key player in Sweden's and Europe's infrastructure. The company will continue to operate six ferry routes and 12 vessels across its Swedish network, including new connections through the recently acquired Wasaline. Despite the closure of the Halmstad-Grenaa route, Stena Line remains committed to providing essential transportation services to the region. The exact date for the cessation of service has been set for April 30, 2026, allowing passengers and freight operators sufficient time to make necessary arrangements. This decision underscores Stena Line's focus on adapting to changing market conditions and optimizing its operations to ensure long-term success. By concentrating investments on routes with clear demand, Stena Line can better support commercial transport and passenger travel while maintaining the strength of its route network. The company's efforts to future-proof its business demonstrate its commitment to navigating the complexities of the transportation industry. As the regional transportation landscape continues to evolve, Stena Line's strategic decisions will play a crucial role in shaping the future of ferry services in Sweden and Denmark.

The Global Centre for Maritime Decarbonization (GCMD) and CIMAC have signed a two-year Coalition partnership agreement aimed at improving the maritime industry's readiness for the deployment of alternative marine fuels. The partnership combines GCMD's experience in executing pilots and trials across the maritime value chain with CIMAC's technical expertise in ship propulsion, engine performance, and fuel systems. Insights from GCMD's operational trials will feed into CIMAC's technical working groups to help inform the development of standards and guidance related to engine performance, fuel quality, and safe fuel handling. At the same time, GCMD will leverage CIMAC's expertise to ensure its pilots remain aligned with evolving engine technologies and fuel specifications, including emerging fuels such as ammonia, which is expected to enter service on ocean-going vessels later this year. By linking real-world operational data with standards development and regulatory engagement, the two organizations aim to support the safe and scalable adoption of low- and zero-carbon fuels across the shipping industry. The partnership will focus on developing a comprehensive understanding of the technical challenges and opportunities associated with alternative marine fuels. This includes assessing the impact of different fuel types on ship performance, emissions, and safety, as well as identifying potential barriers to adoption and developing strategies for overcoming them. By working together, GCMD and CIMAC hope to accelerate the transition to more sustainable maritime operations. The partnership will also facilitate knowledge sharing and collaboration between industry stakeholders, regulatory bodies, and technology providers. This will help to ensure that the development of alternative marine fuels is informed by a broad range of perspectives and expertise. As the shipping industry continues to evolve in response to growing concerns about climate change and air pollution, the GCMD-CIMAC partnership represents an important step towards a more sustainable future. The partnership will also support the development of new business models and revenue streams for shipowners and operators, which are critical to the long-term viability of the industry. By supporting the adoption of alternative marine fuels, GCMD and CIMAC aim to help the shipping industry remain competitive while reducing its environmental impact.

A new trade agreement between the US and India could significantly impact Russia's seaborne oil exports to the Indian market. According to US President Donald Trump, the deal would lead to mutual tariff reductions, with US tariffs on Indian goods falling from 50% to 18% and Indian tariffs on US goods potentially dropping to zero. However, Indian Prime Minister Narendra Modi has yet to publicly confirm the Indian tariff reduction. The agreement also includes commitments from India to end oil purchases from Russia while increasing purchases of US energy and goods. Despite this, it remains unclear whether these commitments will be upheld. In recent months, Russian oil exports to India have already fallen 34% year-on-year, with some attributing this decline to EU restrictions on the purchase, import, and transfer of oil products refined from Russian crude oil. Prior to Russia's invasion of Ukraine, up to two-thirds of India's crude oil and oil product imports came from the Persian Gulf, but in 2025, that number had reduced to 45%. As a result, it is likely that Indian importers could turn to imports from the Persian Gulf to replace any potential reductions in imports from Russia. The impact on the Russian-India trade would be significant, particularly for the dirty tanker trade, which could see a substantial increase in demand as the mainstream fleet seeks to capitalize on this shift. While some experts believe India's commitment to reducing its Russian oil purchases is more likely than initially thought, it remains uncertain whether Russia will be able to find new buyers and maintain its market share.

Maersk has taken delivery of Tangier Mærsk, the first vessel in a new series of six mid-size vessels with a capacity of 9,000 TEU each. The vessel is equipped with a dual fuel engine able to operate on methanol and will be deployed on Maersk's TP15 service connecting East Asia with the US Gulf Coast via the Panama Canal. The delivery took place at Yangzijiang Shipbuilding Group’s yard in Jingjiang, China, where the vessel was named Tangier Mærsk. This new series of vessels is an important addition to Maersk's fleet, offering a more sustainable and efficient option for shipping. With four additional vessels scheduled for delivery later this year, followed by the final delivery in early 2027, Maersk is poised to make significant strides in reducing its environmental impact. The vessel's maiden voyage will take it to Shanghai before entering deployment on the TP15 service. This new service will provide a vital connection between East Asia and the US Gulf Coast, supporting global trade and commerce. As the shipping industry continues to evolve, vessels like Tangier Mærsk are playing an increasingly important role in reducing emissions and promoting sustainability. With its advanced technology and eco-friendly design, Tangier Mærsk is set to make a significant impact on the maritime industry. The vessel's dual fuel engine will enable it to operate on methanol, providing a cleaner and more efficient alternative to traditional fuels. This move reflects Maersk's commitment to reducing its environmental footprint and promoting sustainable shipping practices. With the delivery of Tangier Mærsk, Maersk is taking a significant step towards achieving its sustainability goals. The vessel's deployment on the TP15 service will provide a vital link between East Asia and the US Gulf Coast, supporting global trade and commerce. As the world continues to navigate the challenges of climate change, vessels like Tangier Mærsk are essential for reducing emissions and promoting sustainable shipping practices. Maersk's decision to deploy this new vessel reflects its commitment to innovation and sustainability in the maritime industry.

The global ship recycling markets have been experiencing conflicting signals in recent weeks, with some regions reporting significant increases in demand and prices, while others face challenges due to geopolitical tensions and economic uncertainty. Cash buyer GMS reports that the momentum in the market was noticeable across the board, except for sub-continent steel plate prices, which remain a concern. The Baltic Exchange Dry Index soared 7.3% on the back of a strong performance by Capes, Panamaxes, and Supras, with oil futures also making significant gains. However, the U.S. Dollar's performance was affected by ongoing tariff threats against Canada, Europe, and Pakistan, leading to a decline in prices. Despite these challenges, ship recycling markets have seen surges in demand from countries such as India, Pakistan, Bangladesh, and Turkey, which are securing long-overdue tonnage. However, the performances of various dry indices suggest that supply may slow further down as we head into the traditionally quieter Chinese New Year period and warmer months. On a positive note, another yard in Gadani has received its first Hong Kong Convention approval after significant investment and infrastructure upgrades. The market rankings and pricing for week 5 of 2026 are expected to be influenced by these factors, making it essential to stay informed about the latest developments in the global ship recycling markets.

The UP World LNG Shipping Index gained 4.05% last week, closing at 182.36 points and exceeding the 180-point mark for the first time in its history. The S&P 500 rose 0.3% over the same period. Trading activity was robust, with volume well above average and a 15:4 ratio of rising to falling stocks. Several companies broke through resistance levels on strong volume, led by COSCO Shipping Energy Transportation (+10.6%) and Chevron (+6.1%). Shell, BP, Tsakos Energy Navigation, and Nakilat all moved above their respective resistance levels. Atlantic spot charter rates continued declining to $11,000 per day. Freezing weather in Europe is increasing gas consumption, with suppliers drawing from storage facilities currently at around 42% capacity. New Fortress Energy fell 23.56%, leading decliners amid ongoing restructuring. Dynagas LNG Partners dropped 6.2%, and Awilco LNG fell 4.7%. The UP World LNG Shipping Index remains a key indicator of the industry's performance, supported by steam vessel scrapping and new liquefaction capacity. Established in 2020, it is designed to measure the performance of publicly traded companies worldwide involved in the maritime transportation of liquefied natural gas (LNG). This unique index covers 21 companies and partnerships worldwide, representing over 65% of the world’s LNG carrier fleet in 2020. The index's long-term outlook remains positive due to its rules-based design and comprehensive coverage of the industry.

Trident Maritime Systems, a major supplier to the U.S. Navy, has partnered with Gecko Robotics to deploy advanced manufacturing technologies that expand production of the fleet’s essential components. Across 20 fabrication facilities responsible for mission-critical parts to fully integrated shipboard systems, AI and robotics will increase throughput by at least 40% in support of the Navy’s growing shipbuilding and sustainment demands. The partnership aims to bring new digital and robotic capabilities to increase capacity within legacy manufacturing environments, boosting the defense supply chain, which provides vast and essential components to the U.S. Navy and Department of Defense. By deploying Gecko’s engineering teams, robotics platforms, and AI-powered software, Cantilever¹, directly onto Trident factory floors, the partnership will identify hidden bottlenecks and implement both hardware and software interventions designed for high-mix manufacturing. The application of data-driven analysis and robotic systems to high-mix manufacturing represents a significant advancement for an industry expanding output across multiple fabrication and integration sites. These capabilities are particularly impactful as shipbuilding increasingly relies on distributed execution to balance capacity, workforce availability, and schedule performance. Gecko’s partnership with Trident will rigorously assess each component and build a digital thread that will improve the manufacturing process, ensuring our men and women get the ships and systems they need. As shipbuilding demand accelerates, the real challenge isn’t just adding capacity but unlocking productivity across the existing supplier network. To change the way we build ships it demands we look at our processes, systems, and capabilities differently and take advantage of new technology. We must utilize these advances to deliver more production out of the existing facilities and personnel we have today across the entire industrial base.

The World Shipping Council (WSC) has published its latest update to the WSC Dual-Fuel Fleet Dashboard, tracking the global liner shipping industry's investment in new ships capable of running on renewable and lower-emission fuels. As of December 2025, the number of dual-fuel container ships and vehicle carriers on the water has reached 400, up from 218 in 2024. The growth in the fleet is a significant step forward for the industry as it continues to transition towards cleaner and more sustainable shipping practices. With the increasing demand for efficient and environmentally friendly transportation solutions, the adoption of dual-fuel technology has become an essential component of the liner shipping industry's efforts to reduce its carbon footprint. The WSC Dual-Fuel Fleet Dashboard provides a comprehensive overview of the global fleet, allowing stakeholders to monitor progress and identify areas for improvement. The dashboard also highlights the significant investment being made by the industry in new vessels capable of running on renewable and lower-emission fuels. With over $150 billion of investment, the liner shipping industry is committed to reducing its environmental impact while maintaining its competitiveness in the global market. The growth of the dual-fuel fleet is a testament to the industry's commitment to innovation and sustainability. As the industry continues to evolve, it will be interesting to see how this trend shapes the future of shipping practices.

The UK Ministry of Defense has awarded Ultra Maritime a USD$54.6 million contract to deliver sonobuoys for the Royal Navy's Merlin Maritime Patrol Helicopter. This significant contract strengthens the UK's undersea surveillance and deterrence posture, particularly at a time when British waters are facing increasing threats from foreign actors. Sonobuoys play a critical role in the UK's anti-submarine warfare network, enabling the Royal Navy to detect, track, and deter hostile submarines and other underwater vessels. The Merlin Helicopter Force, based at RNAS Culdrose in Cornwall, is a leader in ASW operations, with its aircraft regularly deployed on the frontline to defend UK waters and international defense interests. The contract covers design, development, engineering, and manufacturing of sonobuoys, as well as investments in Ultra Maritime's UK footprint. The company has recently expanded its London manufacturing facility, creating new high-skilled jobs and strengthening the industrial base that supports both the Royal Navy and NATO. Additionally, Ultra Maritime is working with the MoD on miniaturized sonobuoys for Uncrewed Air Systems, expanding the UK's future undersea surveillance reach and accelerating the transition to next-generation autonomous ASW systems.

The Panama Canal marked a significant milestone on Monday with the inaugural transit of the Neopanamax cruise ship, Disney Adventure. This historic passage marks an important achievement for the interoceanic waterway as it welcomes its largest passenger vessel to date. The Disney Adventure is one of five cruise ships completing their inaugural transits during the 2025–2026 cruise season, along with AIDAdiva, Brilliant Lady, Celebrity Ascent, and Star Seeker. For fiscal year 2026, more than 40 Neopanamax cruise ship transits are expected to transit the canal. The Disney Adventure is a behemoth of the seas, measuring 342 meters in length and 46.4 meters in beam, with a capacity for approximately 6,700 passengers. Its impressive size is matched only by its luxurious amenities, including bow artwork featuring Captain Mickey and Marvel Landing, the longest roller coaster at sea, as well as the Disney Imagination Garden, which includes a three-deck castle installation. The vessel was built at the Meyer Werft shipyards in Germany and is homeported in Singapore, from where she operates three- and four-night itineraries at sea. With its crew of 2,500 and 2,111 staterooms, the Disney Adventure is equipped to provide an unparalleled experience for its passengers. The vessel's inaugural transit marks a significant milestone for the Panama Canal, demonstrating its ability to accommodate even the largest of vessels. As the cruise season progresses, we can expect to see many more record-breaking transits as Neopanamax ships continue to dominate the seas.

GTT announced in early 2026 that it has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of four new Liquefied Natural Gas Carriers (LNGCs). The LNGCs will be built by the shipyard HD Hyundai Heavy Industries, each with a capacity of 200,000 m³. This order is significant as it marks a major collaboration between GTT and HD KSOE in the field of LNGC design and construction. The four new vessels are expected to play a crucial role in meeting the increasing demand for LNG as a clean-burning fuel source. As the global energy landscape continues to shift towards cleaner and more sustainable options, the development of advanced LNGC designs is becoming increasingly important. GTT's expertise in tank design and its long-standing partnerships with leading shipyards like HD KSOE position it well to meet this growing demand. The order also highlights the importance of collaboration between industry players in driving innovation and progress in the field of LNGC design and construction. With four new vessels on the horizon, GTT and HD KSOE are poised to make a significant impact on the global LNG market. The LNGCs will be designed using GTT's proprietary tank design software, which is renowned for its accuracy and efficiency. This order marks a major milestone in the partnership between GTT and HD KSOE, demonstrating their commitment to delivering cutting-edge LNGC designs that meet the evolving needs of the industry. As the world continues to transition towards cleaner energy sources, the development of advanced LNGC designs will play an increasingly important role in reducing greenhouse gas emissions and promoting sustainable energy practices. The four new LNGCs are expected to be delivered to HD Hyundai Heavy Industries for construction, with each vessel boasting a capacity of 200,000 m³. This order is also significant as it underscores the growing importance of LNG as a clean-burning fuel source, particularly in the maritime sector. With the increasing demand for LNG as a fuel source, the development of advanced LNGC designs will be crucial in meeting this demand and reducing greenhouse gas emissions. As such, GTT's expertise in tank design and its long-standing partnerships with leading shipyards like HD KSOE position it well to meet this growing demand. The order is also expected to have a positive impact on the global economy, as the increased efficiency and reduced emissions of LNG-powered vessels will lead to cost savings and environmental benefits for operators. Furthermore, the development of advanced LNGC designs will also contribute to the growth of the global LNG market, as more vessels are designed with sustainability in mind. As such, GTT's commitment to delivering cutting-edge LNGC designs is not only crucial for meeting the evolving needs of the industry but also essential for driving progress and innovation in the field of LNGC design and construction.

Growing electricity demand from AI and data centers, combined with rising fuel use in Asia and European gas needs, may turn an expected global liquefied natural gas supply glut into a shortage by 2030. Qatar Energy CEO Saad al-Kaabi expressed concerns that the market will experience an oversupply between 2025-2030, but a shortage thereafter. This shift is attributed mainly to increased demand from AI and data center requirements. As energy executives gathered at LNG2026 in Doha, they outlined a bullish long-term outlook for liquefied natural gas, with some predicting that new supply will weigh on prices later this decade. The world's growing energy demands are expected to rise significantly, with Shell CEO Wael Sawan stating that the global market is adding the energy demand of Switzerland every month through 2050. ConocoPhillips CEO Ryan Lance forecasted global LNG demand doubling over the next 20 years, with the market projected to grow to 600 million tons by 2030 and 800 million tons by 2050. Executives pointed to Asia as the main engine of future demand growth, led by China and India, driven by population growth and increasing energy requirements. India's plan to lift gas to 15% of its energy mix by 2030 is expected to boost LNG demand, while several countries in Southeast Asia are becoming net importers due to growing populations. The surging use of LNG in trucking in China and India over the past two to three years, alongside rising marine demand as ships switch from heavy fuel oil, has also contributed to the shift in demand expectations. As new supply enters the market between 2026 and 2029, some executives expect LNG prices to soften, while others believe project delays could tighten the market. The long-term outlook for liquefied natural gas is complex, with varying predictions on how far new supply will weigh on prices later this decade. Energy demand is expected to rise significantly, driven by growing populations and increasing energy requirements in Asia and other regions. As the global energy landscape continues to evolve, it is essential to consider the potential impact of new supply on LNG prices and demand expectations.

Following the capture of President Nicolas Maduro and the end of an oil blockade on Venezuela, the country's oil exports have increased to some 800,000 barrels per day (bpd) in January under U.S. control, according to shipping data. This marks a significant rebound from December's 498,000 bpd, which was hampered by the oil embargo imposed by Washington and the accumulation of over 40 million barrels of crude and fuel in onshore tanks and vessels that could not be exported. The increase in exports has accelerated due to the extension of licenses to traders Trafigura and Vitol, allowing them to begin exporting the stocks. The data also shows that PDVSA's partners, including Chevron, are still waiting for individual licenses to expand operations. With the U.S. Treasury Department issuing a broad license to authorize business between U.S. companies and PDVSA, exports are expected to continue accelerating in the coming months. However, it will be crucial for traders and PDVSA's partners to accelerate the pace of exports to drain millions of barrels of oil still in inventories so output cuts can be fully reversed. The United States has regained its position as the main individual destination of Venezuela's crude, with some 284,000 bpd exported there, mostly through Chevron. Vitol and Trafigura have also been exporting Venezuelan crude and fuel oil under U.S. licenses, mostly to storage terminals in the Caribbean, from which they began exporting and marketing cargoes to customers in the U.S., Europe, and India.

A U.S. judge on Monday will consider a request from Danish energy company Orsted to block the Trump administration's halt on its Sunrise Wind project off the coast of New York. The preliminary injunction request is the fifth brought by an offshore wind developer since the Interior Department's December 22 pause on five offshore wind leases in federal waters. The agency stopped work on the multi-billion-dollar facilities due to national security concerns around radar interference. Orsted has spent or committed more than $7 billion to date to build Sunrise Wind, the company said in a court filing. If the stop-work order is not lifted by February 6, the project risks losing access to a specialized vessel needed to complete installation of an offshore cable, Orsted added. The company stated that such delay would in turn delay revenue generation, compromise the Project's financial viability, and create a substantial risk of its cancellation. The Interior Department has argued that the suspension is justified by new, classified information about risks to national security from the operation of offshore wind farms. Four projects, including Orsted's Revolution Wind off the coast of Rhode Island, have won court orders to resume construction while their underlying lawsuits proceed. The Sunrise Wind hearing in U.S. District Court in Washington will be before Judge Royce Lamberth, who granted the injunction for Revolution Wind in January. Offshore wind developers have faced repeated disruptions under U.S. President Donald Trump, who has said he finds wind turbines ugly, expensive and inefficient. Sunrise Wind is located 30 miles east of Long Island, New York and is about 45% complete, according to Orsted. Once built, the project will produce enough power for nearly 600,000 homes. It is expected to start operating as soon as October. As an offshore wind development expert, it's crucial that projects like Sunrise Wind are allowed to continue without unnecessary delays. The potential economic benefits of such projects cannot be overstated, and any disruption can have significant financial implications for the developers. A favorable ruling from Judge Lamberth could pave the way for more offshore wind projects in the United States.

The Russian captain of the container ship Solong was found guilty in a London court on Monday of causing the death of a crew member through gross negligence. Vladimir Motin, 59, was captain of the Solong when it hit the Stena Immaculate tanker off the east coast of Britain in March last year. The crash started a blaze on both ships and caused the death of Solong crew member Mark Pernia, a Philippines national whose body has never been found and is presumed dead. Motin's lawyer argued that while he was at fault, he was not grossly negligent, but prosecutors said he did 'absolutely nothing' to prevent the collision. The trial followed allegations of sabotage, but maritime security sources said there was no indication of malicious activity. The Solong's alarm system had been switched off and the crew of both ships were given no warning of the collision. Motin will be sentenced on Thursday. The guilty verdict is also subject to civil litigation, with the Solong's owner facing a lawsuit at London's High Court. The company has applied to throw out the case and a hearing is due to take place next month. The family of Mark Pernia has received support from the company, which said it had 'fullest sympathies' for them and was providing ongoing support.

Columbia Group has selected Prevention at Sea as its strategic compliance partner and will deploy the MORSE digital compliance platform across its entire managed fleet. This partnership aims to strengthen digital capabilities by linking electronic logbooks with standardized, end-to-end compliance processes. The MORSE platform will provide real-time visibility of reporting activity, improve data quality, and reduce administrative work for crew members on board. By implementing this system, Columbia Group can improve operational efficiency onboard and alleviate the burden of time-consuming administrative jobs for its crew. Prevention at Sea will also serve as the auditing arm of CSM's compliance framework, delivering its Behavioral Competency Assessment & Verification (BCAV) program to reinforce a strong compliance culture across the fleet. This strategic move is expected to enhance overall operational efficiency and reduce administrative burdens. The partnership between Columbia Group and Prevention at Sea marks an important step towards digital transformation in the managed fleet sector. By leveraging the MORSE platform, Columbia Group can stay ahead of regulatory requirements and maintain its position as a leader in the industry. With this partnership, Columbia Group is poised to reap significant benefits from enhanced compliance and operational efficiency.

In December, Hydrex demonstrated their ability to mobilize anywhere in the world, carrying out a complex underwater propeller repair on a container vessel at anchorage off Pointe Noire, Republic of Congo. Following reports of a possible grounding incident that may have damaged the ship's propeller, the company was called upon to assess and repair the damage. Hydrex utilized their advanced equipment and expertise to safely remove the bent propeller and replace it with a new one. The repair process required careful planning and execution to ensure minimal disruption to the vessel's operations. Hydrex's team worked tirelessly to complete the project, overcoming various challenges along the way. Despite the complexity of the task, the company was able to successfully restore the ship to its original condition. The successful completion of this project showcases Hydrex's capabilities as a leading provider of underwater repair services. By mobilizing anywhere in the world, Hydrex is able to respond quickly to vessel emergencies and provide critical support to shipping companies. This expertise enables vessels to continue operating safely and efficiently, even in challenging environments. The company's commitment to providing top-notch service has earned them a reputation as a trusted partner for shipowners and operators. With their advanced equipment and experienced team, Hydrex is well-equipped to handle even the most complex underwater repairs.

According to the latest figures from DNV's Alternative Fuels Insight (AFI) platform, a total of 20 new orders for alternative-fueled vessels were placed in January 2026. This marks an increase in activity within the sector as more companies look to reduce their environmental impact. The majority of these orders are for LNG-fueled container vessels, which accounted for 16 of the total. These vessels will play a crucial role in reducing greenhouse gas emissions from the shipping industry. In addition to LNG-fueled containers, one methanol-fueled offshore vessel and three LPG vessels also received new orders. The demand for alternative fuels is expected to continue growing as companies prioritize sustainability. This trend is being driven by cargo owners and shipowners who are taking proactive steps to decarbonize their operations. Despite market and regulatory uncertainties, the industry remains committed to reducing its environmental footprint. As the shipping sector continues to evolve, it will be interesting to see how these new orders contribute to a more sustainable future. The growth of alternative fuels is expected to have a significant impact on the industry in the coming years. With more companies investing in cleaner technologies, the transition to a low-carbon fleet is becoming increasingly likely. The role of LNG-fueled vessels will be particularly important as they help to reduce emissions from container shipping. The increasing demand for methanol and LPG fuels also suggests that the industry is on track to meet its decarbonization targets. As the sector continues to grow, it will be essential to ensure that new technologies are developed and implemented in a responsible and sustainable manner. The impact of these new orders on the industry's overall sustainability goals will be closely watched in the coming months. With the shipping industry accounting for around 2.5% of global greenhouse gas emissions, any progress towards reducing these emissions is significant. The growth of alternative fuels offers a promising solution to this challenge and will likely play a key role in shaping the industry's future. As companies continue to invest in cleaner technologies, it is essential that we prioritize responsible innovation and ensure that new developments are aligned with sustainability goals. The impact of these new orders on the industry's overall sustainability goals will be closely watched in the coming months.

Lloyd's Register has published the maritime industry's first dedicated Guidance Notes for onboard hydrogen generation, providing clarity on the safe design and integration of hydrogen generator technologies on ships. The new Guidance Notes respond directly to growing interest from shipowners, yards and technology developers in producing hydrogen onboard using alternative fuels such as LNG, methanol and ammonia. While hydrogen is widely seen as a key fuel for decarbonization, limited supply and availability of complex bunkering infrastructure significantly slow adoption in shipping. In addition, onboard storage may also pose challenges due to space demands and system complexity, adding further barriers to implementation. Onboard hydrogen generation offers a practical bridge to the future of zero-emission shipping. By producing hydrogen directly on board, shipowners can avoid the need for space-demanding and complex compressed or liquefied hydrogen storage systems and eliminate dependence on the future development of widespread hydrogen supply chains and bunkering infrastructure. At the same time, they position themselves for compliance with tightening emission requirements and future decarbonization regulations. However, onboard hydrogen generation also presents safety and regulatory challenges due to the presence of two gases or low-flashpoint fuels and the absence of mature international regulations. Drawing on established LR Rules for fuel cells and low-flashpoint fuels, the Guidance Notes provide a clear, risk-based framework that reduces uncertainty, supports plan approval and accelerates project delivery for newbuilds and retrofits. The Guidance Notes set out practical requirements for the design, safety and onboard installation of hydrogen generators, recognizing the challenges of adapting land-based technologies for the marine environment. By aligning safety principles with existing class requirements, they offer a consistent and credible basis for engagement with flag Administrations and other stakeholders. For shipowners, yards and technology providers, the Guidance Notes are expected to reduce technical and regulatory uncertainty for projects currently under development, helping to shorten approval timelines and de-risk investment decisions in hydrogen-based solutions.

China-based Dajin Heavy Industry has signed a memorandum of understanding with Spanish industrial group Zima Equity Investments to develop an offshore wind foundations manufacturing facility at the Port of Gijon in Asturias, northern Spain. The partners plan to establish a manufacturing plant capable of producing foundations for offshore wind projects serving the European market and other global regions. This project aims to position the port as a marshalling hub for European offshore wind developments, supporting the regional economy and strengthening Asturias' role in Europe's energy transition. Dajin Offshore is the largest private Chinese fabricator of offshore wind monopiles, with an annual steel fabrication capacity of about 1.5 million tonnes. The company operates from its own open-sea port and has outlined plans to expand production to larger monopiles and floating foundations by the end of 2025. Zima, headquartered in Madrid, employs more than 2,500 people and has operations across Spain, France and Latin America. The Port of Gijon is one of northern Spain's key deep-water ports, serving offshore wind projects, roll-on/roll-off traffic and bulk cargo supplies for major steel plants in Gijon and Aviles. The planned facility will integrate local subcontractors and suppliers into the project's supply chain, creating a strong economical impulse for Asturias and its growing importance for the European energy transition. This joint venture reflects Dajin's commitment to European manufacturing ecosystem and enables the company to strengthen its global supply chain of foundations. The New Plant can cover in the future full scope of foundations, including bottom-fixed and floating structures, and supply all possible products for shallow-water and deep-water projects for European and US markets. With this project, Asturias will become a major player in Europe's energy transition, and the Port of Gijon will emerge as a key marshalling hub for offshore wind developments.

VPS has appointed Neil Chapman as its new Managing Director of the Americas, bringing a wealth of experience in Testing and Inspection to the role. With over 40 years of industry expertise, Chapman is well-positioned to help customers navigate the evolving marine fuels mix and Carbon taxation landscape. His extensive background includes senior commercial leadership roles, where he has developed a deep understanding of how to deliver tangible value to clients and operate as a true partner in the ever-changing marine industry. This appointment comes at a time when fuel quality, emissions regulations, and carbon accountability are increasingly important considerations for companies operating in the region. VPS is uniquely positioned to help customers make smarter, more sustainable operational decisions. With Chapman at the helm, the company is well-equipped to tackle the challenges of this complex landscape and drive up profitability for its clients. The appointment was made by Dr. Malcolm Cooper, CEO of VPS, who stated that Chapman's sector knowledge will be invaluable in helping customers improve their operational efficiency. As the marine industry continues to evolve, Chapman's expertise will be crucial in navigating the changing regulatory environment and ensuring that VPS remains a trusted partner for its customers. The company's focus on delivering tangible value to clients and operating as a true partner is likely to be a key factor in its success under Chapman's leadership. With his extensive experience and deep understanding of the marine industry, Chapman is well-suited to lead VPS in the Americas and drive business growth in the region.

Specialist provider of crew transfer solutions to the offshore wind industry Tidal Transit has unveiled the latest addition to its growing fleet of purpose-build crew transfer vessels (CTVs). The new 24-passenger CTV, Emilia Jane, is the latest WindFlex-27 with quad-IPS propulsion, designed by Incat Crowther UK and built by Penguin International. Expected to arrive in the UK in March 2026, Emilia Jane will provide essential service and maintenance support to offshore wind operations in the North Sea. Building on her predecessors’ designs (Arabella Jane, Anthea Luna and Imogen Rose), Emilia Jane features future-proofed hull architectures, increased bollard pull, cutting-edge onboard systems, and has been fitted with a Volvo Penta IPS propulsion system chosen for its extremely high levels of fuel efficiency. Emilia Jane was specially designed as the next-generation frontrunner for upcoming electric builds. With UK and European offshore wind increasingly transitioning towards electrified crew transfer solutions, the unique shape of her hull and electric-ready IPS system will enable zero-emission modifications when required by the industry, according to Tidal Transit. The company’s exceptional marine, shipbuilding and technical expertise has been demonstrated in the delivery of four high-specification CTVs to date. Emilia Jane truly represents the next generation of crew transfer vessels, offering a balance of lightness, speed, and durability without compromising on performance. With its quad-IPS propulsion system, she is well-equipped to handle the demands of offshore wind operations in the North Sea. The vessel’s streamlined design ensures efficient fuel consumption, making it an attractive option for operators looking to reduce their environmental impact. Tidal Transit is delighted to be continuing its relationship with Penguin International and looks forward to Emilia Jane joining its fleet in March 2026.

The U.S. Coast Guard coordinated the rescue of 27 mariners on Saturday after their Venezuelan-flagged fishing vessel caught fire approximately 500 miles north-northwest of the Galapagos Islands, Ecuador. The distress call was received at 3:51 p.m. PST from a Garmin Search and Rescue Command Center notification, which reported an SOS alert from the 240-foot fishing vessel La Pena. Using a crewmember’s satellite messaging device, Coast Guard watchstanders established communications with the crew and confirmed the vessel had caught fire and sunk. All 27 mariners were evacuated to the vessel’s emergency lifeboat. The weather on scene was reported as 5-foot seas and 10-knot winds. The crew of the La Pena had no life jackets, food or water aboard the lifeboat, but their only means of communication was the satellite device, which had approximately 37 percent battery life remaining. Rescue Coordination Center Alameda issued SafetyNet and SafetyCAST broadcasts to alert nearby mariners and request assistance. An Automated Mutual-Assistance Vessel Rescue (AMVER) system query identified two vessels within 115 miles and 13 vessels within 575 miles of the distress position. Coast Guard watchstanders contacted these vessels, receiving a response from the motor vessel Seaways Kenosha, which offered to assist in the rescue. The Seaways Kenosha arrived on scene at approximately 3:30 a.m. Pacific Standard Time, Sunday, and safely recovered all 27 people from the lifeboat. There were no reported injuries or medical concerns at the time of recovery, although one previously reported injury was assessed as non-life-threatening. Plans to transfer the survivors to shore are currently being coordinated. The successful rescue is attributed to the vigilance and professionalism of Coast Guard watchstanders, who quickly pieced together limited information and coordinated with multiple domestic and international partners to direct nearby vessels to the scene.

Northern Lights JV has awarded charter agreements to several companies for the transportation of CO₂ from commercial customers in Europe. The consortium, comprising 'K' Line and MISC Berhad, will receive two new liquid CO₂ transport vessels, with a third vessel also being awarded separately to Mitsui O.S.K. Lines. These newbuilds are designed to increase the company's transport capacity to over 5 million tonnes of CO₂ per year. The construction of these vessels has been entrusted to Dalian Shipbuilding Offshore and HD Hyundai Heavy Industries, with delivery expected in late 2028. Northern Lights' fleet expansion is part of its phase 1 development in the Norwegian Government’s Longship project, which aims to increase transport capacity and storage facilities for CO₂. The company's existing fleet includes three sister ships, the Northern Pioneer, Northern Pathfinder, and Northern Phoenix, which are managed by 'K' Line. These vessels have been operational since late 2024 and feature a cargo capacity of 7,500 m3 each. A fourth identical vessel is currently under construction and will be delivered in 2026. The expansion of Northern Lights' fleet aligns with its customer agreements and the company's long-term goals for CO₂ transport. With this new fleet addition, Northern Lights is poised to meet the growing demand for CO₂ transportation services.

US President Donald Trump announced that India will purchase oil from Venezuela, replacing some of the Russian oil it buys. This move comes after the US lifted sanctions on Venezuela's oil industry to make it easier for US companies to sell its crude oil. The decision is seen as a positive development in US-India relations, which have been tense throughout the past year. Trump also expressed interest in China making a deal with the US to buy Venezuelan oil. India stopped buying oil from Iran last year due to US sanctions over Tehran's nuclear programme, and then curbed its purchases of US oil before becoming the top buyer of Russian seaborne oil sold at a discount after Western nations imposed sanctions on Moscow for its invasion of Ukraine in 2022. The US government has been trying to pressure India to reduce its purchases of Russian oil, with Trump doubling duties on imports from India to 50% in August and earlier this month saying the rate could rise again if it did not curb its purchases. However, Treasury Secretary Scott Bessent signaled in January that the additional 25% tariff on Indian goods could be removed, given what he called a sharp reduction in Indian imports of Russian oil. The lifting of sanctions on Venezuela's oil industry is expected to make it easier for US companies to sell its crude oil, and Trump's comments suggest that this move may help India switch from buying Russian oil.

In a significant operation, Malaysian authorities have detained two tankers suspected of engaging in illegal ship-to-ship oil transfers. The seizures took place 24 nautical miles west of Muka Head, Penang, where more than 512 million ringgit ($129.9 million) worth of crude oil was confiscated. This latest development marks a significant step forward for the Malaysian Maritime Enforcement Agency in its efforts to combat this illicit practice. The agency has been working closely with international partners to strengthen enforcement rules and prevent such activities from occurring. However, the waters off Malaysia remain a hotspot for illegal ship-to-ship transfers, which are often used to obscure the origin of oil shipments. In recent months, Malaysian authorities have increased their scrutiny of suspicious vessels, and this latest operation is a testament to their commitment to tackling this issue. The seized tankers were carrying 53 crew members from various nationalities, including China, Burma, Iran, Pakistan, and India. The two captains of the ships were arrested and handed over to Penang state maritime investigation officials for further questioning. The vessels are currently being investigated for anchoring without permission and engaging in illegal ship-to-ship transfer activities. These penalties can carry significant fines, with a penalty of 100,000 ringgit for unauthorized anchoring and 200,000 ringgit per vessel for engaging in illicit oil transfers. The operation highlights the importance of international cooperation in combating transnational crime and ensuring that global energy markets operate fairly and transparently. As the maritime industry continues to evolve, it is essential that authorities remain vigilant and proactive in addressing emerging threats such as these. The Malaysian Maritime Enforcement Agency's efforts demonstrate a commitment to protecting the integrity of global trade and preventing the illicit exploitation of the world's oceans.

The Association of Maryland Pilots has recently taken delivery of a new Baltimore Class high-speed pilot boat, Federal Hill, which features a comprehensive suite of Furuno navigation and communication systems. The vessel was delivered by Gladding-Hearn Shipbuilding and is designed for demanding harbor pilotage in all seasons. The Furuno NavNet TZtouchXL Multi Function Displays (MFDs) provide clear target definition, fast target tracking, and confident situational awareness at speed and in reduced visibility. Redundancy and positioning accuracy are ensured by dual GP330B GPS/WAAS sensors, while vessel heading and stabilization data are supplied by the SC33 Satellite Compass. An FA170 AIS Transponder enhances traffic awareness and vessel identification in busy pilotage waters. Communications aboard Federal Hill are handled by twin FM4800 VHF Radios with dedicated handsets, ensuring reliable voice communications from the wheelhouse and throughout the vessel. The entire electronics suite was installed by Cay Electronics of Portsmouth, RI. Furuno's navigation and communication systems are designed to perform under pressure, providing the confidence pilots need when performance and reliability matter the most. This comprehensive suite will undoubtedly support safe, efficient operations in congested waterways and challenging conditions.

The U.S. Coast Guard is accelerating its investments in cutters, aviation assets, and autonomous systems following a historic infusion of funding from Congress in 2025. According to testimony before the Senate Commerce Committee, the service has already expanded its cutter presence in the Indo-Pacific region, adding nine vessels and permanently shifting a medium-endurance cutter to the Pacific. The Coast Guard has also funded two additional fast-response cutters for Guam, further strengthening its forward presence in the region. Additionally, Congress has provided $116 million in operating funds for training, engagement teams across Pacific Island nations, and enhanced national security operations in FY2026. The service's modernization efforts are crucial to maintaining a stable topline budget as it continues to modernize. Autonomous platforms are emerging as another key pillar of Coast Guard modernization, with the service obligated about $800 million for short- and medium-range autonomous systems across air, surface, and subsurface domains. These systems provide new surveillance and operational capabilities, particularly in vast maritime regions where crewed assets are stretched thin. Funding is also in place for long-range unmanned aircraft systems, with procurement expected to follow. The Coast Guard's progress has been characterized as a 'good start,' but more work lies ahead to strengthen its fleet, people, and presence, especially in the Indo-Pacific region.

Dominion Energy recently announced that the total project costs for the Coastal Virginia Offshore Wind have increased to roughly $11.5 billion from the initial estimate of $11.2 billion. The changes in estimated costs reflect the impact of a temporary suspension of work issued by the U.S. government, which resulted in additional expenses and delays. According to Dominion Energy, the revised cost reflects these unforeseen circumstances and is now expected to be completed within the initially planned timeframe. The project aims to install 2,000 turbines off the coast of Virginia, generating enough electricity to power approximately 460,000 homes. The offshore wind farm will also create jobs and stimulate local economic growth in the region. However, the increased cost may pose a challenge for Dominion Energy's financial planning and could impact their ability to meet their investment goals. Despite this, the company remains committed to completing the project, which is expected to be operational by 2026. The revised estimate has been submitted to the U.S. government for approval, and it is unclear at this time whether additional funding will be required to complete the project. The Coastal Virginia Offshore Wind project has received significant support from environmental groups and local communities, who see it as a vital step towards reducing carbon emissions and promoting renewable energy sources. As the project moves forward, stakeholders will closely monitor the revised estimate and its implications for the company's financial performance and the overall project timeline.

In a significant development for the global shipping industry, Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison. This move has left the future ownership of some Panama Canal operations uncertain and may impact CK Hutchison's plans to sell certain terminals. The court's decision affects Panama Ports Company (PPC), which operates several ports in Panama, including the Colón Free Trade Zone. PPC is a subsidiary of CK Hutchison Holdings Limited, a multinational conglomerate with interests in various sectors, including energy, infrastructure, and telecommunications. The annulment of contracts has significant implications for the operations of the Panama Canal, one of the world's most critical waterways. The canal connects the Atlantic Ocean to the Pacific Ocean and is a vital trade route between the two continents. With the court's decision, the ownership structure of some Panama Canal operations may be altered, potentially affecting the management and operation of these facilities. This development has sparked concerns about the stability and security of global shipping routes. The future of CK Hutchison's plans to sell certain terminals in Panama remains uncertain, and the company has yet to comment on the implications of the court's decision. The annulment of contracts by the Supreme Court is a rare occurrence in Panama, highlighting the importance of judicial oversight in the country's infrastructure development projects. In recent years, Panama has invested heavily in its ports and canal system, seeking to increase its competitiveness and attract more trade. With this latest development, the country's infrastructure development plans may face unexpected challenges. The court's decision is also a reminder of the need for transparency and accountability in large-scale infrastructure projects. The long-term implications of this move are still unclear, but it has already sent shockwaves through the shipping industry. As the situation unfolds, it will be interesting to see how CK Hutchison responds to this unexpected development and what impact it may have on global trade routes.

The Bureau of Ocean Energy Management (BOEM) has announced the Final Notice of Sale for the Cook Inlet Outer Continental Shelf Oil and Gas Lease Sale 1, marking a significant step towards unleashing American energy by encouraging oil and gas exploration and production on federal lands and waters. This sale is part of a broader effort to meet America's energy needs and strengthen national readiness, as mandated by the 'One Big Beautiful Bill Act' or BBC1. The legislation requires six lease sales in Alaska's Cook Inlet, with this being the first of these sales. The sale includes Information to Lessees and lease stipulations, offering predictable terms and a transparent process for lessees. The lease terms include a 10-year primary term, a minimum bonus bid of $25 per hectare, and a 12.5 percent royalty rate. Sealed bids must be received by 10 a.m. Alaska Time on Tuesday, March 3, with the high bids to be evaluated using BOEM's bid adequacy procedures. The Department of Justice and Federal Trade Commission will review results for antitrust considerations before accepting bids and issuing leases. The complete lease sale package is available at www.boem.gov/ak-bbc1, including a list of blocks available for bid, an area map, and instructions for accessing the livestream. By supporting Alaska's role in meeting America's energy needs, BOEM aims to create opportunities for investment and jobs. This sale reflects a clear path forward for Cook Inlet leasing, with predictable terms and a transparent process in place. Energy security is national security, and this sale is an important step towards strengthening national readiness. The high bids will be publicly announced via livestream at 10 a.m. Alaska time on Wednesday, March 4. BOEM Acting Director Matt Giacona emphasized the importance of regular and predictable federal leasing for maintaining domestic energy production. By offering these terms and a transparent process, BOEM is supporting Alaska's role in meeting America's energy needs and creating opportunities for investment and jobs.