Maritime Industry Top News
Massachusetts Maritime Academy Professors Honored at IACBE Conference
Massachusetts Maritime Academy, a public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning is proud to announce that International Maritime Business Professors Bhani Ghosh and Paul Szwed recently presented at the International Accreditation Council for Business Education (IACBE) conference in Salt Lake City, Utah.
Oil Prices Unstable Ahead of Uncertain US-Iran Peace Talks
Oil prices zig-zagged between negative and positive territory on Friday as traders weighed supply disruptions against the potential restart of peace talks between the U.S. and Iran that could help limit those disruptions.Prices rose 2% earlier in the day on fears of renewed military escalation in the region after Iran released footage on Thursday of commandos boarding a cargo ship in the Strait of Hormuzā¦
EU Continues to Push for Shipping Carbon Levy
European Union countries agreed on Friday to keep pushing for a global price on shipping's CO2 emissions in U.N. talks next week, setting up another potential clash with the United States over the proposal.Governments at the International Maritime Organization decided last year to postpone the climate plan by a year, after the Trump administration strongly opposed the measure and threatened to imposeā¦
China Conducts Live-Fire Drills Near Luzon Island as US, Philippines Hold Annual Military Exercises
China conducted military drills recently including live-fire exercises in waters east of the Philippines' Luzon Island, it said on Friday, as Manila and Washington host annual drills that extend towards disputed areas of the South China Sea.Over 17,000 troops from the U.S., the Philippines and allies began their annual Balikatan military exercises this week, with combat troops from Japan joining forā¦
Coast Guard Offloads $19.3m of Illicit Drugs Seized in the Caribbean Sea
U.S. Coast Guard Cutter Resoluteās crew offloaded approximately 2,570 pounds of cocaine worth more than $19.3 million and transferred six suspected drug smugglers to federal authorities, Thursday, at Base Miami Beach.The seized contraband was the result of three interdictions in the Caribbean Sea by the crew of the Coast Guard Cutter Tahoma and the crew of the USS Billings with an embarked Coast Guardā¦
Njord Survey Inks Equinor Pipeline Inspection Deal in Europe
Njord Survey has secured a three-year framework agreement with Equinor for pipeline inspection and integrity work across European waters.The contract includes an option to extend for one additional year and covers geophysical surveys and offshore operations.Njord Survey said the agreement builds on previous collaborations and will support offshore operations through high-resolution surveys and vesselā¦
ABS, PIL to Collaborate on Emissions Verification for Marine Fuels
The American Bureau of Shipping (ABS) and Pacific International Lines (PIL) have signed a memorandum of understanding to collaborate on emissions verification linked to alternative marine fuels.The agreement supports PILās participation in book and claim registries, aimed at enabling independently verified claims of emissions reductions.Under the arrangement, ABS will act as an independent third-party verifier of PILās fuel consumptionā¦
ABS Signs Pact with Fleet Robotics on Maritime Robotics
The American Bureau of Shipping (ABS) and Fleet Robotics have signed a memorandum of understanding to collaborate on autonomous robotic systems for hull cleaning and inspection.The agreement, announced at Singapore Maritime Week, aims to support the deployment of robotic systems for vessel maintenance.āIt is an honor to work alongside Fleet Robotics to advance autonomous robotic systems for the industry.
Helix, Hornbeck Merger to Form āPremierā Offshore Services Company
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%.The combined company will operate under the Hornbeck Offshore Services name and trade on the New York Stock Exchangeā¦
Gearing up for MEPC 84
The shipping industry is getting ahead of discussions at MEPC 84 next week by reaffirming their commitment to the IMO.BIMCO, CLIA, ICS, INTERCARGO, INTERFERRY, INTERTANKO and WSC, representing the global commercial shipping fleet, issued a statement saying they remain committed to pursuing the ambition established within the 2023 IMO Strategy on Reduction of GHG Emissions from Ships, having investedā¦
Port of Antwerp-Bruges Reports Weak Start to the Year
In the first quarter of 2026, Port of AntwerpāBruges handled 65.5 million tons of maritime cargo, a decrease of 3.2% compared to the same period last year.After a weak start in January and February, throughput recovered in March. General cargo (-4.4%) ā in particular containers and conventional general cargo ā was under pressure, while bulk cargo remained stable (-0.6%) and RoRo traffic increased.The port says the results reflect a complex combination of factorsā¦
Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore
ABS, Marinteknik Shipbuilders (S), SeaTech Solutions International (S), and VINSSEN have signed a research collaboration agreement to advance the development of a hydrogen fuel cell-powered harbor craft in Singapore.The consortium will conduct desktop studies covering the feasibility of implementing hydrogen-powered harbor craft in Singapore, including vessel concept design, design evaluation and optimizationā¦
BIMCO Warns of Hormuz Toll Scam
BIMCOās Jakob Larsen, Chief Safety & Security Officer, warns of a potential scam from parties claiming to be Iranian authorities and demanding toll:āBIMCO has received reports of an email scam, but we are still awaiting confirmation that this was in fact a scam. The fact that ships were attacked following apparent Iranian approval to transit underscores the complexity and volatility of the currentā¦
White House Expected to Extend Jones Act Waiver
The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision.The move would temporarily ease requirements that goods transported between U.S. ports be carried on American-built and American-crewed vessels, allowing foreign-flagged ships to move fuel andā¦
Why security planning matters in modern dredging and port works
Security is all too often treated as a purely compliance-driven exercise. This isnāt advisable in any industry, but it is particularly damaging for those that fall under critical infrastructure frameworks. Ports, and, by extension, the dredging operations that maintain and expand shipping lanes, are the backbone of global trade, underpinning essential supply lines. Security threats and workplace distributions therefore carry repercussions that extend far beyond any individual locationā¦
Chris-Marine Introduces Engine Insights Digitalization Solution for Cylinder Condition
Chris-Marine AB announced the introduction of Engine Insights, a new digital solution designed to convert cylinder condition measurements into automatic, instant, standardized reports for faster and more informed maintenance decisions.Engine Insights enables service technicians to upload measurement data directly from onboard tools such as LDM (Liner Diameter Measurement), LCC, CTM and Replica Test and generate structured reports within minutes.
Kongsberg Maritime Begins Trading on the Oslo Stock Exchange
Kongsberg Maritime ASA, a global leader in maritime technology, began trading on Euronext Oslo Stock Exchange on April 23 under the ticker symbol KMAR. The company has been spun off from Kongsberg Gruppen ASA.With operations in 35 countries and more than 8,300 employees worldwide, Kongsberg Maritime combines deep domain expertise with advanced technology and a strong customer base across the global merchant fleetā¦
Senator Todd Young Receives Legislator of the Year Award for Great Lakes Advocacy
On Wednesday, April 22, 2026, the Great Lakes Maritime Task Force (GLMTF) recognized Indiana Senator Todd Young for his commitment to the Great Lakes Navigation System and the nationās maritime revitalization.āSenator Young understands the importance of U.S. shipping on the Great Lakes with interconnected harbors that depend on each other and a healthy maritime highway. He has advocated for another heavy U.S.
Iranian Swarms of Fast Boats Used to Seize Container Ships Add to Shipping Threats
Iran's use of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz could undermine suggestions U.S. forces have disabled its naval threat and reveals the challenges facing reopening one of the world's most important oil export routes.U.S. President Donald Trump on Monday acknowledged that while Iranās conventional navy had been largely destroyed, its "fast-attack ships" had not been considered much of a threat.He said any such vessels coming near a U.S.
Brent Crude Prices Rise as Trump Threatens to Attack Mine-Laying Ships in Hormuz
Brent crude futures climbed more than $1 a barrel on Thursday following U.S. President Donald Trump's threat to attack ships laying mines in the Strait of Hormuz, casting doubt on the survival of a ceasefire in the war with Iran.Brent crude futures were up $1.26, or 1.24%, to $103.17 a barrel at 9:19 a.m. CDT (1419 GMT) after settling above $100 for the first time in more than two weeks on Wednesday.
