Maritime Industry Top News
Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria
Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker, underwent structural modifications, marine system upgrades and the installation of 19 topside production and utility modules at Drydocks World’s…
Spiridon II: Call for IMO Investigation
The livestock carrier Spiridon II has unloaded cattle in the Libyan city of Benghazi after being stranded off the Turkish coast for more than a month after a month-long voyage from Uruguay with nearly 3,000 cattle on board.The Spiridon II is now back at sea.It is unclear what happened to the dead animals and sewage onboard. Dozens of animals had already died, and many calves had been born, lost, or perished.
Oil Shock for Ship Recyclers
This has been a disastrous week for nearly all the key indicators tracked by cash buyer GMS, says the company, including the state of oil futures, freight rates, local steel plate prices, and disastrous currency devaluations (especially in India).“To start, oil found itself slipping rather shockingly as it fell to USD 57.68/barrel – a total drop of over 6% in the last month and over 16% lower than the same time last year," says GMS. “At the same time, governments in the U.S.
Singapore to Bunker Methanol Next Year
The Maritime and Port Authority of Singapore (MPA) will issue licenses to supply methanol as marine fuel in the Port of Singapore from January 1, 2026, following the Call for Applications launched in March 2025.Licenses will be awarded to Global Energy Trading, Golden Island, and PetroChina International (Singapore).The three companies were selected from 13 applicants through a comprehensive evaluation process that assessed supply chain reliability…
US Expecting China Soybean Trade Revival
Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S. sorghum in the coming days in what will be the first American shipment of the feed grain to China since mid-March, the shipping schedule showed.U.S.
Acts of Bravery at Sea Honored at Annual IMO Awards Ceremony
Officer Lee Tae Young, a first mate from the Republic of Korea, has been awarded the IMO Award for Exceptional Bravery at Sea, in recognition of his heroic actions that saved 12 fellow crew members from the Geum Seong No. 135 when it sunk in November 2024. He was honored during a special ceremony recognizing seafarers held in London on November 24, 2025, in the margins of the IMO Assembly taking place from November 24 to December 3, 2025. IMO Secretary-General Mr. Arsenio Dominguez applauded Mr.
Dr. Rosalie Balkin Receives IMO International Maritime Prize
Dr. Rosalie Balkin, who was nominated by the Government of Australia, was honoured at the annual IMO Awards Ceremony, held in London on November 24, 2025. The ceremony followed the first day of the 34th session of the IMO Assembly, taking place from November 24 to December 3, 2025. Handing Dr. Balkin the silver dolphin trophy, IMO Secretary-General Mr. Arsenio Dominguez commended her five-decade career…
Student Research Poster Contest Opens for MRS 2026
CALL FOR STUDENT RESEARCH POSTERS!The 16th Annual Maritime Risk Symposium invites undergraduate and graduate students from colleges and universities worldwide to participate in the 2026 Maritime Risk Symposium Student Research Poster Contest. The poster competition, sponsored by the CCICADA Center based at Rutgers University, will be held online with winners invited to present their posters at the Maritime Risk Symposium on June 2-3, 2026 in Houston, Texas, USA.
Sweden to Choose Frigate Supplier Early 2026
Sweden will choose a supplier for its multi-billion Swedish crown acquisition of four new frigates early next year, the defence minister said on Monday.Sweden is in an intense buildup of its forces in the wake of Russia's invasion of Ukraine and is looking to increase its navy fleet with bigger ships."I think and I hope that we can make a decision by early next year in regards to our new frigates program…
Port of Tuapse Resumes Fuel Exports After Two-Week Pause
Russia's Black Sea port of Tuapse resumed oil product exports last week after a two-week suspension following Ukrainian drone attacks, while the local oil refinery has restarted processing crude, according to two industry sources and LSEG data.According to the sources and ship-tracking data, the Gambia-flagged tanker Sandhya left Tuapse on November 17 with around 30,000 metric tons of gasoil and headed towards the Suez Canal.Another tanker, the Malawi-flagged Satna, loaded around 30,000 tons of
BIO-UV Group Announces New Leadership Appointments
France-based BIO-UV Group, a specialist in UV-, ozone-, salt-electrolysis- and AOP-based water-treatment technologies, has announced three senior appointments to support and strengthen the company’s expansion across new and existing markets.The changes include the appointment of Jean-Philippe Picard de Muller as Deputy General Manager of BIO-UV Group, the promotion of Steven Brady to Managing Director of Triogen in the United Kingdom…
Chinese Oil Majors Invest in Onboard Oil Testing
China’s leading marine lubricant suppliers are embracing onboard oil testing technology. The adoption of portable lube-oil analyzers represents a shift in how the country’s oil majors including Sinopec, PetroChina, and CNOOC, look to service and support ships calling at Chinese ports.According to Germany’s CM Technologies GmbH (CMT), whose onboard test kits are already standard tool kits for European fleets…
FMD is on the Acquisition Trail (again)
Fairbanks Morse Defense (FMD) entered into an agreement with IMI plc, to acquire its Birmingham, UK-based Truflo Marine business, a provider of mission-critical valves and actuators.This acquisition will complement FMD’s existing build-to-print capabilities, strengthening its portfolio of high-endurance, severe-duty valves and components. Truflo Marine is located in Birmingham UK and are 270 employees strong.
EU Transport Commissioner Supports Stronger European Shipbuilding
European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas visited Fincantieri’s Monfalcone shipyard, underscoring the facility’s growing strategic importance as Europe prepares a new Maritime Industrial Strategy for 2026.During the visit, Fincantieri leadership showcased the yard’s capabilities in building highly complex, high-value vessels and outlined ongoing investments in digitalization, sustainability, and advanced manufacturing.
Jifmar Concludes Takeover of 15 Seacontractors Workboats
Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19, the company said.The transaction also includes a six-month transfer services agreement under which Seacontractors will continue supporting fleet operations to ensure continuity for clients.
AD Ports, Masdar Team Up for Offshore Wind Projects
AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD Ports Group can serve as a key partner and contractor for Masdar global offshore wind initiatives.The parties will jointly determine technical requirements for…
HMM Places $1.46B Order for Eight Ultra-Large Containership to HD Hyundai
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.They will be equipped with LNG dual-fuel engines and a significantly enlarged fuel tank, expanded by approximately 50%…
UK and Indonesia Strike $5.23B Maritime Deal
The U.K. and Indonesia have agreed a $5.23 billion (£4 billion) maritime deal that will secure around 1,000 jobs in Britain and strengthen defense and security cooperation in the Indo-Pacific.The new Maritime Partnership Programme, led by British defense firm Babcock, will see both countries jointly develop maritime capability for Indonesia’s navy and build more than 1,000 vessels for its fishing fleet…
MISC Orders LNG Dual-Fuel Suezmax Pair in Fleet Renewal Drive
MISC Group said has signed shipbuilding contracts for two LNG dual-fuel Suezmax tankers through its petroleum and product shipping arm AET, marking a further step in its fleet renewal and energy transition strategy.The vessels will operate under long-term time charter party agreements, which the company said will strengthen financial resilience and support disciplined growth. The additions expand MISC’s global dual-fuel fleet…
Chief Officer of Livestock Carrier Charged in Cocaine Sting
Four men, including the chief officer of an international livestock carrier, have been charged over their alleged roles in an organised crime plot to import more than 525kg of cocaine into Australia, after packages of the drug were found floating in the ocean off Western Australia.A Western Australia Joint Organised Crime Taskforce investigation into suspicious activity by an international vessel was…
