IACS 2025 Annual Review Highlights Safety Role of Class
The International Association of Classification Societies (IACS) has released its 2025 Annual Review which showcases the central role played by IACS and its members in supporting safety standards and driving technical innovation in the maritime industry.The report identifies many areas of progress, including IACS’s ongoing role in supporting decarbonisation objectives. Through its Safe Decarbonisation Panel, IACS is supporting progress in alternative fuels, whilst remaining neutral on any preferred option.
Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge
Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production, with its export revenue set to surge due to lower supply caused by the conflict.Canberra is weighing options to capitalise on the higher prices…
Livestock Still Being Sent to War Zones
Animals are being transported in their thousands to active conflict areas such as Israel, Lebanon, and Saudi Arabia.Animal protection organisations have been calling on the European Commission to suspend the voyages, andtwo petitions have now been established.Animals could be exposed to rocket fire and air strikes, mishandled or abandoned by frightened workers while they remain in small, cramped vehicles, at port.Port closures due to conflict happen frequently, leading to animals being left adrift at sea for up to weeks in growingly desperate circumstances.
Much of Dutch Fishing Fleet Stands Idle Amid High Diesel Prices
The fishing industry is emerging as an early European casualty of soaring diesel costs amid the Iran war, with at least half the Dutch fleet staying in port this week, according to industry representatives.The pressure is most acute in the Netherlands because of an outsized number of beam trawlers in its fleet, which makes up about 7% of the European Union's total.These ships target high-value North Sea flatfish such as sole, turbot and brill, but burn relatively large amounts of fuel.
Shipping Faces Investment Strain as Decarbonization Rules Tighten, Wärtsilä Finds
Shipping companies are facing mounting pressure on investment decisions as decarbonization regulations translate emissions targets into direct operating costs, according to a survey commissioned by Wärtsilä.The study, based on responses from 225 senior maritime executives, found that more than 90% of respondents remain confident in their ability to navigate the energy transition, despite growing complexity in decision making.Uncertainty around technology pathways, fuel availability…
ClassNK Grants Approval for CO2 Carrier Design for CCS Project
ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating injection system being considered for deployment in deepwater environments where subsea pipeline-based CO2 storage is not feasible.The certification confirms the feasibility of the carrier design from regulatory and safety perspectives…
CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion
A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades operated the Balboa and Cristobal terminals near the Panama Canal, said it had supplemented its claims in proceedings under the International Chamber of Commerce's arbitration rules, a month after what it described as the state's illegal…
Explosion Forces Shutdown of Valero’s Port Arthur Refinery
Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday.The cause of the explosion at the 47,000-bpd 243-diesel hydrotreater unit was not clear. The blast could be heard as far as 11 miles away, the sources said.In an emailed response to Reuters, Valero confirmed a fire in a unit at the company's Port Arthur refinery and…
ClassNK SOF for ‘Seawing’ Automated Kite System
ClassNK confirmed the validity of the performance analysis evaluation for the automated kite system ‘Seawing’, which is being developed by Kawasaki Kisen Kaisha, Ltd. and its French subsidiary OCEANICWING S.A.S., and issued a Statement of Fact (SOF). In response to environmental regulations and as a solution for reducing fuel costs, the implementation and installation planning of wind-assisted propulsion systems (WAPS), including kite systems, have been progressing. As standards for wind-assisted propulsion systems and ships equipped with such systems…
New ISO Vessel Hull Cleaning Standard Published
Yesterday, a new ISO standard was published to help port authorities, shipowners and operators navigate rules on how ships should be cleaned in an environmentally sound way. Hull cleaning is gaining traction among shipowners, while countries are increasingly introducing regulations—but many ports still lack practical guidance on how to manage it. “Biofouling on ships’ hulls can spread invasive aquatic species and damage ecosystems. It also increases drag, reducing a vessel’s efficiency and leading to higher fuel consumption and increased greenhouse gas emissions…
AMSA Detains Bulk Carrier Due to Unpaid Wages
The Australian Maritime Safety Authority (AMSA) has taken swift action to protect seafarer welfare, detaining Liberian-flagged bulk carrier Ocean Bright and banning it from Australian ports for six months after nonpayment of crew wages.This week, AMSA received a complaint that seafarers onboard the vessel Ocean Bright had not been paid for two months, prompting investigation when the vessel docked in Newcastle. The investigation found that eight crew members were owed US$46,334 in unpaid wages.AMSA also detected several other issues during the inspection and identified 18 deficiencies…
FMC Issues Warning on Strait of Hormuz Surcharges
The Federal Maritime Commission (FMC) has issued a statement saying it is closely monitoring the impact the current conflict in the Middle East is having on shipping conditions through the Strait of Hormuz.Under its statutory authority, the Commission ensures that rates, charges, and rules that common carriers have implemented as a result of the threats to commercial shipping in the Strait and neighboring waters do not violate the Shipping Act.Commission regulations at 46 CFR…
OSV Market: Asia Pacific Downshifts for the Long Haul
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region.Compared to 2024, the composite dayrates, calculated as a weighted average across size categories, declined by approximately 16% for PSVs and 14% for AHTS vessels. In tandem, utilization also softened, with the number of working vessels down 19% and 8% respectively…
Maritime Risk Symposium 2026: Confronting Emerging Threats
The maritime domain has always been central to global stability and our nation’s prosperity. In today’s rapidly evolving security environment, its importance has never been more pronounced – or more vulnerable. Over ninety percent of global trade moves across the world’s oceans, making maritime transportation the backbone of international commerce, energy distribution, and economic resilience. Yet this vast ecosystem faces escalating risks including geopolitical tensions, deteriorating infrastructure…
NYK Advances Design of Subsea Cable-Laying Vessel
Japanese shipping major NYK Line has completed the basic design of a new long-distance subsea cable-laying vessel intended to support the development of Japan’s future high-voltage direct current (HVDC) transmission network, marking a key milestone in a national effort to strengthen offshore renewable energy infrastructure.The vessel’s design recently received General Design Approval (GDA) from classification society ClassNK, confirming that the concept meets relevant international…
ClassNK Issues AiPs for Bulk Carrier Concept Designs
ClassNK has issued approvals in principle (AiPs) for the concept designs of Bulk Carrier installed with a Membrane-based Onboard Carbon Capture and Storage System (OCCS) and 83,000m3 Ammonia Carrier with IMO Type B Independent Tank developed by Oshima Shipbuilding Co., Ltd. These AiPs demonstrate its feasibility from regulatory and safety perspectives.The recipients of the AiPs, as well as the applicable rules and guidelines, are as follows:Bulk Carrier installed with Membrane-based OCCSRecipients: Oshima Shipbuilding Co.…
Opinion: Shipping Will Need More Self-Regulation
Shipping will have no choice but to boost self-regulation as well as choosing the right ‘safe haven’ partners if it is to deal with the huge pressures the fast-changing political, trade and regulatory landscapes will inflict on the industry, according to Mark O’Neil, President and CEO of the Columbia Group.There are many spheres of influence that will result from the breakdown of the international rule-based order, and shipping needs to ask how it will fit in from a regulatory standpoint…
IMO PPR 13 Advances Biofouling Regulation Development
The IMO's Sub-Committee on Pollution Prevention and Response held its 13th session at IMO Headquarters in London from 9 to 13 February 2026.Outcomes include:Groundwork laid for future legally binding framework on biofoulingFollowing the decision of MEPC 83 to develop a legally binding framework on biofouling management to prevent the spread of invasive aquatic species, the Sub-Committee agreed some fundamental elements that will guide this work. These include the recommendation for the framework to take the form of a standalone instrument…
Trump Administration Unveils Details of Maritime Action Plan
Often debated and long-awaited, The White House released its long-anticipated America’s Maritime Action Plan (MAP), a 40+ page blueprint aimed at what it calls a new “Maritime Golden Age” for the United States.The document, developed under Executive Order 14269, lays out a four-pillar strategy to rebuild domestic shipbuilding capacity, expand the U.S.-flag fleet, reform maritime workforce development, and strengthen industrial resilience. For U.S. shipbuilders, vessel owners and maritime suppliers…
IMO Launches “Policy into Practice” Campaign
The IMO has launched a two-year global initiative to promote the World Maritime Day theme for 2026-2027: ‘From Policy to Practice: Powering Maritime Excellence’. In a video message marking the launch, IMO Secretary-General Arsenio Dominguez stressed that the global regulatory framework developed by IMO must not merely be adopted in principle, but translated into concrete actions and real-world results that deliver tangible benefits for all.“When we talk about ‘practice’, we are talking about people.
Italy Authorizes Naval Blockades Against Migrant Boats
Italy's cabinet approved a bill on Wednesday authorising naval blockades to halt migrant boats during periods of "exceptional pressure" at the country's borders, a government source said, further tightening measures against irregular arrivals.Since taking office in late 2022, right-wing Prime Minister Giorgia Meloni has moved to speed up repatriations of unsuccessful asylum seekers and introduced stiffer jail terms for human smugglers, in a bid to stem sea crossings.The move comes after the European Parliament this week approved changes to EU asylum rules, responding to pressure from member st
Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract
Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO).The dispute relates to a settlement agreement reached in 2008 following amendments to the original 2004 contract. Under the settlement, Petrobras Netherlands agreed to pay Jurong Shipyard a close-out amount of $152.3 million,…
Bureau Veritas Grants AiP to Greenroom Robotics’ Maritime Autonomy Software
Bureau Veritas Marine & Offshore (BV) has granted an Approval in Principle (AiP) to Greenroom Robotics for its maritime autonomy software, GAMA. This is the first time a maritime autonomy software, enabling self-navigation has been granted AiP by Bureau Veritas, marking an advancement for maritime robotics and autonomous operations.Greenroom’s GAMA software employs AI to create a fully autonomous navigation system. By doing so, it integrates data from multiple onboard sensors to support situational awareness…