Salvors Arrive at Burning Car Carrier
A salvage team has arrived at the scene of the burning car carrier Morning Midas, located approximately 220 miles south of Adak, Alaska.The US Coast Guard received the initial report of the fire Tuesday, June 3, at approximately 3:15 p.m. and has been working closely with Zodiac Maritime, the vessel's manager, to respond to the incident.The tug vessel, Gretchen Dunlap, arrived on scene with salvage…
China Leads the World in Energy Investment
The latest edition of the International Energy Agency’s World Energy Investment report demonstrates how the global energy scene has changed from when the first edition of the report in 2015 showed energy investment in China just edging ahead of that of the United States.Today, China is by far the world’s largest overall energy investor, spending twice as much on energy as the European Union – and almost…
Oceans Protection Treaty Could Take effect from January
The international treaty on the high seas, which focuses on conservation and sustainable use of maritime areas beyond national jurisdictions, has received sufficient support to take effect early in 2026, French President Emmanuel Macron said on Monday.Speaking at the third United Nations Ocean Conference in Nice, Macron said 55 countries' ratifications of the treaty have been completed, around 15 are in progress with a definite date…
USTR Eases Proposed Fees for Non-US LNG Tankers, Vehicle Carriers
The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China's dominance on the high seas and revive domestic shipbuilding.The revised proposal, unveiled by USTR on Friday, would remove LNG-related penalties for failing to export a percentage of fuel on U.S.-owned ships. It also would reduce fees when foreign-built car carriers visit domestic ports and exempt those vessels when they are serving the U.S.
Update on Wan Hai 503 Container Ship Fire
The Maritime and Port Authority of Singapore (MPA) has been notified by the Indian authorities that 18 crew were safely transferred from lifeboats to an Indian Navy ship, which is en route to New Mangalore Port.Four crew—two from Taiwan, one from Myanmar, and one from Indonesia—remain missing. Search and rescue (SAR) operations are ongoing.Of the 18 rescued crew, five are reported to have sustained injuries.
LR, China Cruises Sign Cooperation Agreement
Lloyd’s Register (LR) and China Cruise Limited (China Cruises) have signed a strategic cooperation framework agreement to collaborate on key areas including cruise safety, technology R&D, green transition, and digitalization. Following its full classification services for Adora Magic City, China’s first domestically built large luxury cruise ship, LR has entered strategic cooperation with China Cruises…
MDL Adds Technical Director to Board
Flex-lay specialist Maritime Developments Ltd (MDL) has appointed David Hunt to the Board, into the newly created role of Technical Director.David brings with him over 20 years of offshore project delivery leadership across global Contractor and Operator roles, including CNOOC, Neptune Energy, Bibby Offshore and Acergy.At MDL, he will be responsible for growing the company’s engineering capability as the organization continues to scale and diversify its global operations.
Canada to Increase Defense Spend, Hitting NATO Target Sooner
Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, five years earlier than promised, Prime Minister Mark Carney said on Monday.Canada has been under pressure from the United States and other NATO allies for years to increase military funding. Canada currently spends about 1.4% of GDP on defense."Now is the time to act with urgency…
US Container Imports Decline in May as China Tariffs bite
U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.China is the top U.S. supplier of goods that enter through seaports, including the nation's busiest in Los Angeles/Long Beach. Domestic businesses ranging from retailer Walmart to automaker Ford depend on those goods to operate.Overall U.S.
IMO: Global Shipping Industry Gearing Up For Net-Zero Transition
IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry's need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Forum in Monaco, June 8.The global shipping industry is preparing for a net-zero transformation that will have a sector-wide impact on everything from supply chains and business models…
GTCR, Manish Singh Partner to Form Maris Investments
GTCR, a private equity firm, announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC (Maris). Maris will seek to acquire companies in the maritime technology sector to build a market-leading platform addressing critical workflows and enabling digital transformation in the industry.The formation of Maris is supported by GTCR’s Leaders Strategy approach…
Watson Farley & Williams Advises MPCC on Container Ship Sale
Watson Farley & Williams (WFW) advised shipping company MPC Container Ships ASA (MPCC) on its sale of seven container ships for a transaction value of US$94 million. The disposal is part of MPCC's strategic development and the targeted restructuring of its fleet.MPCC has agreed to sell five ships en bloc to Contships Group, comprising three 1,300 TEU ships and two 2,000 TEU ships. In addition, two…
Meyer Turku Invests in Sustainable Shipbuilding with Energy Efficient Heating
Meyer Turku continues to push the boundaries of sustainable shipbuilding with the adoption of central heating for ships under construction. Traditionally, oil-burning stoves have been used for heating during colder months, but with the introduction of a water-based central heating system, reductions in emissions and costs have been achieved.The transition to central heating was first explored in late 2023…
MJR Power & Automation Secures Contract With Stena Line
MJR Power & Automation, a leading UK-based marine electrical engineering specialist, has been awarded a contract by Stena Line to upgrade the Power Management Systems (PMS) on board the Stena Scotia and Stena Hibernia vessels.The contract includes the design, engineering, supply, and commissioning of power management systems that will enhance the operational efficiency, reliability, and sustainability…
Sanmar Shipyards Delivers Tug to Buksér og Berging
Sanmar Shipyards has delivered an environmentally responsible tugboat to Buksérog Berging.Based on the RAmparts 2400SX-MKII design, exclusively developed in collaboration with Canadian naval architects Robert Allan Ltd., the vessel was originally constructed as Boğaçay LXV and has been renamed BOSS by her new owners. Designed for maneuverability, operational efficiency, and all-weather reliability…
Four Missing as Singapore Cargo Ship Catches Fire off India’s Kerala Coast
A fire onboard the Singapore-registered container ship Wan Hai 503 has erupted earlier on Monday off India’s Kerala coast, the Maritime and Port Authority of Singapore (MPA) reported, injuring several crew members and leaving four unaccounted for as Indian Coast Guard and Navy launch search and rescue operations.The incident occurred on June 9, 2025 at about 12.30 hrs Singapore time, at the vessel managed by Wan Hai Lines (Singapore) Pte Ltd.There were 22 crew members onboard.
Video: ATBs Unlock Stranded Iron Ore Down Under
Australia’s unique enclosed self-discharging transhippers ensure a dust-free supply chain for the Onslow Iron project.Onslow in north Western Australia is a desert. It receives less than 10 inches of rain a year, and for much of the year temperatures reach 95 degrees Fahrenheit. It’s known for dust storms that can turn the town red.It’s iron ore country, but the lack of a deepwater port meant that…
Maritime Batteries 101: What to Consider When 'Going Green'
In the current pathway, global shipping greenhouse gas (GHG) emissions are forecast to rise in this decade and eventually return to 2010 levels by ~2050.The chart represents the three scenarios for shipping emissions developed by the International Energy Agency (the IEA) and adds in the IMO Strategy targets for emissions reduction. The IEA’s aspirational case (i.e. what governments and companies aspire…
Norwegian Shipping Firm Expands Berg Propulsion Package Order
Skarv Shipping Solutions, a joint venture between Peak Group and Grieg Edge, has increased its order for ‘zero carbon project carriers’ from Shandong Huanghai Shipbuilding to five ships, extending its commitment to a Berg Propulsion package that optimizes vessel efficiency regardless of power source.Skarv specified inline ammonia-ready engines for the initial four 7,000 dwt ships, with the first ship due delivery in the fourth quarter of 2025, followed by three more through 2026.
Putin Prioritizes Russian Navy Rebuild
Russian President Vladimir Putin has approved a new naval strategy which aims to fully restore Russia's position as one of the world's leading maritime powers, Kremlin aide Nikolai Patrushev said in an interview published on Monday.Russia has the world's third most powerful navy after China and the United States, according to most public rankings, though the navy has suffered a series of high-profile losses in the Ukraine war.Patrushev…
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