Maritime News
ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow
Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result marked a sharp year-on-year deterioration from the same period in FY2024, reflecting a softer supply-demand balance driven by continued newbuilding deliveries across the global container fleet.For the quarter ended December 31…
Hafnia, Socatra Take Delivery of Fourth Methanol Dual-Fuel Tanker
Hafnia has taken delivery of the ECOMAR GIRONDE, the final vessel in its four-ship ECOMAR dual-fuel methanol newbuilding program developed in joint venture with France’s Socatra, completing the newbuilding series.Built at Guangzhou Shipyard International in China, ECOMAR GIRONDE is a 49,800-deadweight dual-fuel, methanol-capable Chemical IMO II medium-range tanker. With its delivery, the ECOMAR quartet - ECOMAR GASCOGNE…
Stena RoRo Orders Next-Generation C-Flexer RoRo Vessels
Stena RoRo has ordered a new generation of Roll-on/Roll-off (RoRo) vessels, placing firm orders for two C-Flexer RoRo ships with options for an additional four, as the company moves to expand its offering of flexible and future-proofed tonnage for the global market.The vessels have been developed by Stena RoRo in cooperation with Italian design firm NAOS Ship and Boat Design and form part of the company’s…
MOL, ONGC Sign 15-year Charter Deal for Samsung-Built VLECs
Mitsui O.S.K. Lines (MOL) has signed a long-term charter agreement with India’s state-owned Oil and Natural Gas Corporation (ONGC) for two newbuilding very large ethane carriers (VLECs) to be constructed by Samsung Heavy Industries.MOL established two joint ventures with ONGC, with the joint ventures and ONGC signing a 15-year charter contract for the vessels.The two vessels, each with a cargo capacity of 100…
Skarv Shipping Opts for Wärtsilä’s Ammonia Solution for New Cargo Vessel
Technology group Wärtsilä will supply its Wärtsilä 25 ammonia solution to power a new cargo vessel for Norway-based Skarv Shipping Solutions, marking the first newbuild to use the company’s four-stroke ammonia engine technology.The vessel will be constructed at Huanghai shipyard in China and is intended to support Skarv Shipping Solutions’ strategy to deliver sustainable short-sea shipping services…
China, Denmark Extend Green Shipbuilding Cooperation
China and Denmark renewed a memorandum of understanding on cooperation in green maritime technology and shipbuilding during a meeting between the two nations' industry ministers in Beijing on Tuesday, China's industry ministry said in a statement.China is willing to jointly conduct research and development with Denmark on low-carbon and zero-carbon fuel-powered ship technologies and explore cooperation potential in the new energy vehicle sector, Li Lecheng, the Chinese minister, told Denmark's B
Berge Bulk Installs Anemoi’s Folding Rotor Sails on Large Bulk Carrier
Berge Bulk has completed the installation of four folding rotor sails supplied by Anemoi Marine Technologies on its 208,000 DWT Newcastlemax vessel Berge Meru, marking the shipping group’s second wind propulsion project with the technology provider.The installation was carried out at Yiu Lian Dockyards in China in December 2025, and the vessel has since completed its first voyage to Singapore. The…
First of Five Maersk Tankers’ Vessels Fitted with bound4blue Suction Sails (Video)
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels, representing bound4blue’s…
Nuclear-Powered DP Vessels Technically Feasible, Vard Study Shows
A study led by Vard, a subsidiary of Italy’s Fincantieri, has found that nuclear-powered offshore vessels are technically feasible, confirming that small fourth-generation nuclear reactors can be integrated into dynamically positioned vessels while meeting safety, redundancy and operational requirements.Results from the NuProShip II research and innovation project show that nuclear propulsion can support DP2 power architectures…
Chemship Orders Econowind’s VentoFoils for Two More Chemical Tankers
Chemical tanker operator Chemship has placed a repeat order with Dutch wind propulsion specialist Econowind for the installation of VentoFoils on two additional vessels, expanding its use of wind-assisted ship propulsion technology.Chemship said Chemical Contender and Chemical Fighter will each be fitted with four 16-meter ATEX-proof VentoFoils in the second half of 2026, as part of efforts to reduce…
Finland Joins EU, Baltic Partners to Strengthen Subsea Monitoring
Finland’s Border Guard is setting up a maritime surveillance centre together with other Baltic Sea states and the European Commission for the protection of critical undersea infrastructure in the Gulf of Finland, it said on Monday."Competent authorities must have the capability and the authority to intervene in situations occurring in the territorial sea and the exclusive economic zone," it said in a statement.The Baltic Sea region is on high alert after a string of power cable, telecom link and
Worley Joins Australia’s Westport Program as Marine Infrastructure Adviser
Worley has been selected as Marine and Port Infrastructure Technical Advisor by the Government of Western Australia for the Westport Program, which aims to deliver a new container port in Kwinana.Under a joint venture with Arcadis, Worley will provide technical advisory and concept design services for marine and port infrastructure under an initial three-year agreement. Construction of the port is expected to begin in the late 2020s…
UK-Led Maritime Consortium Unveils Plan for Nuclear-Powered Shipping
A U.K.-led maritime consortium has set out plans to develop international standards for nuclear-powered commercial ships, as Britain seeks a leading role in efforts to decarbonize global shipping.The Maritime Nuclear Consortium, convened by Lloyd’s Register, brings together companies from the nuclear, maritime, insurance and regulatory sectors to address safety, security, regulation and commercial viability for nuclear-powered vessels.The consortium’s core members include Lloyd’s Register…
Coach Solutions, ClassNK to Streamline Verification of Vessel Emissions Data
Coach Solutions, a Kongsberg Company, and classification society ClassNK have partnered to deliver an automated emissions data verification process for their mutual clients.The companies said the process creates a seamless experience for shipowners and Document of Compliance holders who need to extract, standardize, verify and share vessel data for transparent use by stakeholders.The integration with ClassNK is a strategic partnership that…
NYK Names Dual-Fuel LPG Carrier Newbuild
A newly built very large gas carrier (VLGC) was named Lucent Pathfinder at a ceremony held at Kawasaki Heavy Industries’ Sakaide Works, marking the seventh dual-fuel LPG carrier using LPG ordered by NYK.The vessel, which will be chartered by United Arab Emirates-based LPG trader BGN INT DMCC, is designed for the global transportation of liquefied petroleum gas and is capable of operating on both heavy fuel oil and LPG.The naming ceremony was attended by around 30 stakeholders.
Payment Fraud on the Rise, ITIC Warns
P&I correspondents are being urged to strengthen their payment verification procedures after a fraudster intercepted email communications during a sensitive crew claim and diverted a US$200,000 settlement, according to International Transport Intermediaries Club (ITIC).In a case cited in ITIC’s most recent Claims Review, a P&I correspondent was managing a sensitive crew-claim settlement when a third…
LNG-Fueled Container Ships Prop Up Alternative Fuel Orders in 2025, DNV Finds
LNG-fueled container ships helped sustain the share of alternative fuels in the global shipbuilding orderbook in 2025, even as overall newbuilding activity slowed sharply following a record year, according to data from classification society DNV.Annual figures from DNV’s Alternative Fuels Insight platform show that while total newbuild orders fell to 2,403 vessels in 2025 from 4,405 a year earlier…
ABB to Equip BC Ferries’ New Major Vessels
ABB has secured a contract to supply integrated power, propulsion and control solution for BC Ferries’ four new hybrid-electric major vessels.The New Major Vessels have been designed to minimize emissions and underwater radiated noise (URN), with the goal of contributing to quieter and cleaner operations in the Strait of GeorgiaABB will supply a complete package of power, propulsion and control technology…
Rio Tinto Floats Glencore Merger
The Rio Tinto marine team ia a leading charterer, chartering and operating a fleet of more than 230 ships to transport over 300 million tonnes of product every year. Glencore shares rose by 10% on Friday following news it is in talks with Rio Tinto about a takeover that would create the world's largest mining group, valued at almost $207 billion.While Glencore gained, Rio Tinto shares fell by as much as 3%…
Union Maritime Takes Delivery of LNG and Wind-Powered LR2 Tanker
Union Maritime has taken delivery of what it said is the world’s first long-range 2 (LR2) tanker powered by liquefied natural gas (LNG) and wind-assisted propulsion.The vessel, MT SPA, was delivered on January 6 in Jingjiang, China, and was built by Yangzijiang Shipbuilding. It is a high-specification LNG dual-fuel LR2 tanker fitted with WindWings technology, combining alternative fuel capability with…
