WE Tech Solutions Announces New Office in China
WE Tech Solutions, a provider of energy solutions for the shipping industry, has announced the opening of a new office in China. This strategic expansion highlights the company's commitment to strengthening its global presence and enhancing its ability to serve customers in the rapidly growing Chinese market.The new office, located at Kingboard Plaza, 269 Tongxie Road, Changning, Shanghai, China, will…
NYK Donates to Salmon Hatchery Reconstruction Project in Akita Prefecture
NYK has donated USD$7,000 (1 million yen) to support the reconstruction of a fisheries hatchery run by Daisen City in Akita Prefecture, Japan, continuing the company’s support from last year. On July 2, Tatsuya Shimomura, general manager of NYK’s Akita branch, presented a donation certificate to Daisen City Mayor Hiroyuki Oimatsu.This project aims to contribute to the sustainable conservation of salmon resources and regional revitalization through the reconstruction of the aging hatchery.
Everllence Taps Eefting to Head Americas
The Executive Board of Everllence has appointed Stefan Eefting as its new Head of Americas. Eefting commences his position from July 1st, succeeding Mahesh Joshi who is leaving the company for a well-deserved retirement. Originally educated as a marine engineer in Bremerhaven, German native Eefting is an Everllence veteran who has worked in a variety of management positions over three decades with the company…
US Grain Shipments Surge 9% in face of Chinese Tariffs
“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.In March 2025, China introduced higher tariffs on US grain shipments, significantly reducing the competitiveness of US cargoes.
Svitzer Takes Delivery of Sanmar-Built Fully Electric Tug
International tugboat operator Svitzer has taken delivery of its first fully electric tug, built by Turksih shipbuilder Sanmar Shipyars..The SANMAR ElectRA 2500SX is based on a design from Canadian naval architects Robert Allan Ltd.The new tug has an overall length of 25.4 m, with a 12.86 m beam and 5.40 m draft. It has a battery capacity of 1,808 kWh, Fi-Fi1 fire-fighting capability, and can achieve…
Fincantieri Launches Innovation Hub in South Korea
Fincantieri expanded its global innovation network with the launch of a new Innovation Antenna in South Korea, aiming to deepen ties with the region’s fast-growing maritime and high-tech ecosystem.Announced during the Scaleup Summit Seoul 2025, the initiative is part of Fincantieri’s broader open innovation strategy and follows the company’s first Innovation Antenna established in Silicon Valley last year.
KIMM Cracks the Code for Underwater Radiated Noise Prediction
Researchers in South Korea at the Korea Institute of Machinery and Materials (KIMM) have reportedly developed a hull-attached sensor-based system for predicting underwater radiated noise (URN), a key factor in naval stealth operations.KIMM Develops First Hull-Attached Sensor System for Predicting Underwater Radiated NoiseNew algorithm predicts underwater noise in real timeBoosts naval stealth and operational…
ADES' Jack-Up Barge Capsizes off Egypt Killing Four, Three Still Missing
A towing incident has occurred on Saudi oil and gas drilling contractor ADES Holding’s jack-up barge Admarine 12, which capsized offshore Eqypt, killing four people, while three remain missing.The incident occurred on Tuesday, July 1, while the barge was being towed to a new location in Egyptian territorial waters.At the time of the incident, 30 personnel were on board, involving 18 from ADES personnel.According to the latest information…
RightBridge Ventures Agrees Reverse Takeover of Swemar
RightBridge Ventures Group has announced a proposed reverse acquisition of Swemar, which has entered into an agreement to acquire an offshore oil service company with operations across the Middle East, India, and South-East Asia.The company to be acquired by Swemar operates a fleet comprising Anchor Handler Tug Supply (AHTS) vessels and crew transportation vessels. It owns three vessels outright and…
Wärtsilä to Optimize Ops for Two Alpha Gas Carriers
Technology group Wärtsilä has signed a five-year lifecycle agreement with Greek liquefied natural gas (LNG) management company Alpha Gas for two of its LNG carriers.The agreement covers two LNG carriers which each have four Wärtsilä 34DF engines and is aimed at giving Alpha Gas increased operational insight, availability, and better maintenance cost predictability.The agreement with Wärtsilä will help…
BHP Signs Charter Contracts with COSCO for Two Ammonia Dual-Fueled Vessels
Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only a handful of vessels in the world capable of using ammonia as a marine fuel.The two vessels, expected to be delivered from 2028, will primarily transport iron ore…
Ørsted Terminates Offshore Wind Installation Vessel Deal with Cadeler
Danish offshore wind installation firm Cadeler has received a notice of termination for its wind turbine installation vessel (WTIV) from Ørsted which was booked for work for the now discontinued 2.4 GW Hornsea 4 offshore wind farm in United Kingdom.The long-term agreement for an A Class WTIV was first announce in April 8, 2024, under which Ørsted secured the vessel capacity from the first quarter of…
T. Parker Host Acquires Transmarine Navigation
T. Parker Host (HOST), a provider of maritime agency and terminal services across the United States, has acquired Transmarine Navigation Corporation (Transmarine), a West Coast ship agency headquartered in Long Beach, California.The transaction unites two industry pioneers, forming the largest independent tramp ship agency in the United States and expanding HOST’s maritime coverage from coast to coast…
ESG Wins Bid to Build Washington State Hybrid Electric Ferries
Washington Governor Bob Ferguson announced he has selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries. “We’re restoring domestic service to pre-pandemic levels years ahead of schedule, improving crew retention, and soon will bring our first hybrid-electric vessel into service,” Governor Ferguson said. “After careful consideration and conversations with legislative leaders…
North Star Accelerates Green Transition
North Star’s £400 million ($550 million) ongoing commitment as part of its ESG strategy, combined with a £1.8 million ($2.47 million) investment in crew training last year, has delivered significant progress in its transition to operating a net zero fleet by 2045.The UK’s largest integrated ship owner-operator has a current fleet of 48 vessels. Findings from its 2024 ESG report include an 18% reduction in fleet-wide carbon intensity compared to 2022…
Jamaica Promotes Anti-Bullying Campaign
In a webinar organized by the Maritime Authority of Jamaica this week, some of the top names in the maritime world came together to endorse the International Maritime Organization’s Day of the Seafarer initiative.This year Day of the Seafarer took the theme of ‘My Harassment-Free Ship,’ stating that bullying and harassment was unacceptable in all its forms, with those on the webinar looking at ways bullying could be stamped out.Hosted by Sean Moloney…
Great Lakes Limestone Trade Up in June
The Lake Carriers’ Association reports that shipments of limestone on the Great Lakes totaled 3.5 million tons in June, an increase of 6.5% from 2024.However, this June’s loadings were below the month’s five-year average by 1.9%.Loadings out of U.S. quarries totaled 2.9 million tons, an increase of 12.2%t compared to last year. Shipments from Canadian quarries totaled 639,301 tons, a decrease of 13.4%.Year-to-date…
Greece Imposes Levy on Santorini Cruise Visitors
Greece introduced a 20-euro ($23) fee on tourists arriving on Santorini by cruise ship on Tuesday to try to rein in overtourism and collect revenues to upgrade the island's infrastructure.The volcanic island in the Aegean Sea attracts about 2 million tourists a year, but with a population of about 15,000, a single main port and growing concerns of seismic activity, the government has sought to reduce…
Iran Made Preparations to Mine Strait of Hormuz, US Sources Say
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel's strikes on sites across Iran, according to two U.S. officials.The previously unreported preparations, which were detected by U.S. intelligence, occurred some time after Israel launched its initial missile attack against Iran on June 13…
Germany Pledges Additional Measures Against Russia's "Shadow fleet"
Germany has pledged additional measures to further counter Russia's so-called "shadow fleet" operating in the Baltic and North Sea, the foreign ministry said on Tuesday in a statement.Western sanctions aimed at cutting Russia's oil revenues following its invasion of Ukraine have led to the rise of a vast "shadow fleet" of tankers that helps Moscow to keep its crude exports flowing.From Tuesday German authorities have begun questioning passing tankers about their insurance coverage against oil po
