Maritime Industry Top News
Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV
Singapore-based marine logistics firm Marco Polo has hired Norwegian ship designer Salt Ship Design to design the CSOV Plus, the next-generation commissioning service operation vessel (CSOV) for oil and gas and offshore wind sectors.The contract was signed between Marco Polo’s Taiwan-based subsidiary PKR Offshore, Salt Ship Design and Marco Polo Shipyard.Marco Polo Marine’s new CSOV Plus marks a significant…
ClassNK Okays Ammonia-Fueled Gas Carrier from Kawasaki and Mitsui
ClassNK has issued an approval in principle (AiP) for an ammonia-fueled LPG/NH3 carrier, applied for jointly by Kawasaki Heavy Industries and MITSUI E&S.The certification demonstrates its feasibility from regulatory and safety perspectives.Ammonia, which does not emit CO2 during combustion, is expected to see wider use as a zero-carbon fuel for ships. At present, various studies and development efforts are underway to bring ammonia fuelled ships into practical use.In 2021…
Bernhard Schulte Takes Delivery of Second Ulstein-Built CSOV
Germany-based Bernhard Schulte Offshore (BSO) has taken delivery of its newest Commissioning Service Operation Vessel (CSOV), built by Ulstein Verft in Norway.The vessel, named Windea Clausius, was officially christened on September 4, and will serve the global offshore energy industry.Windea Clausius features two sterns and azimuth propellers at both fore and aft to ensure optimal performance in Dynamic Positioning (DP) operations…
Giant Jack-Up Vessel Newbuild Starts Decom Work for Perenco in North Sea
Petrodec’s newly constructed heavy lift jack-up vessel, named Obana, has started decommissioning work in the Southern North Sea for Perenco.Obana is working on the decommissioning of the Galahad platform, after which it will move to the Amethyst field for the removal of the C1D, A2D and B1D jackets, expected to be completed and offloaded in the Netherlands later in 2025.Obana is the world’s largest self-elevating, heavy lift jack-up vessel of its type.
Lloyd’s Register Clears MOL’s Design for Wind Challenger-Equipped LNG Carriers
Mitsui O.S.K. Lines (MOL) has secured approval in principle (AiP) from a Lloyd's Register (LR) for two new different designs of a membrane-type LNG carrier equipped with four units of Wind Challenger, a hard sail wind assisted propulsion system.The AiP covers a new vessel design, for a 174,000 m3 LNG carrier, jointly developed by HD Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI).Each…
Orsted Gets Go-Ahead for $9.4B Emergency Rights Issue
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm, which was once celebrated as a trailblazer in offshore wind but is now struggling to stave off a potentially crippling credit rating downgrade.Orsted…
Globalisation Slowdown Heralds "Brave New World" Warns IUMI President
Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector.Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI President Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation.Denèfle reflected on the deepening…
Kongsberg Maritime to Supply Equipment for India’s First Fully Electric Tug
Kongsberg Maritime has signed a contract to deliver a fully integrated equipment package for India’s first electric tug, marking a major step in the country’s Green Tug Transition Programme (GTTP).Awarded by Mandovi Drydocks in partnership with Ripley Group, the contract includes Kongsberg Maritime’s permanent magnet (PM) driven azimuth thrusters, advanced electrical systems including energy storage (ESS)…
Ship Recyclers "Treading Water"
The Indian sub-continent ship recycling markets continues its southward trajectory with every passing week as the final quarter of the year gradually approaches, reports cash buyer GMS.“Ongoing currency woes (especially those recently spiraling out of control in India), tariff shocks across the sub-continent, faltering steel dynamics, suffocated offerings on the back of a now sagging demand have come…
Maritime Companies Progress DEI Despite Political Headwinds
A new report from the All Aboard Alliance found that its 26 members have remained firm in their commitment to diversity, equity, and inclusion (DEI) despite political pushback against such initiatives from some factions.The All Aboard Alliance Insights 2025 uses a maturity analysis framework to indicate how member companies are performing against the Alliance’s five guiding principles: accountability…
Kongsberg Maritime Develops Simplified Mooring System
Kongsberg Maritime has developed a simplified mooring system for offshore floating structures. Building on its patent-pending integrated tensioning and remote pull-in technologies, the company is now focused on reducing cost, complexity, and environmental impact across the mooring system lifecycle.The latest developments center on minimizing mooring components and enabling future layouts that avoid active tensioning equipment in permanent systems.
Global Ethanol Association Launches
The Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland.GEA’s mission is to unite resources and expertise, foster cross-sector collaboration, and amplify a powerful industry voice to unlock new opportunities across emerging sectors and accelerate sustainability, innovation, and growth in established ethanol markets.“The…
Five Killed When Migrant Boat Hits Coast Guard Vessel
Five people were killed and another severely wounded when a boat carrying migrants hit a Turkish coast guard vessel off northwest Turkey on Sunday, a local governor's office said, adding a search operation was underway for a missing person.In a statement, the governor's office said a high-speed boat carrying 34 migrants and one migrant trafficker hit the coast guard vessel off Ayvalik district's Badavut coast."As a result of the search and rescue operations in the region…
“Five Eyes” Ministers Discuss Smashing People Smuggling Gangs
Homeland ministers from Britain, the United States and the other "Five Eyes" alliance will announce new measures this week to increase border security and target people smugglers, British interior minister Shabana Mahmood said on Sunday.The ministers from the Five Eyes intelligence sharing network - the U.S., Britain, Canada, Australia and New Zealand - will meet in London on Monday and Tuesday, Britain's Home Office said…
Mexico's Top Prosecutor Vows More Action on Fuel Crimes
Mexico's top prosecutor said on Sunday that authorities have so far detained 14 people suspected to be involved in the illicit trade of fuels, reiterating that more actions would follow as new information comes to light.On March 19, authorities seized a petroleum tanker in the Port of Tampico, together with nearly 63,000 barrels of diesel it was carrying, as well as containers and vehicles for its transport and storage.The tanker…
China Criticises Canadian, Australian Warship Transit
China's military on Saturday said its forces had followed and warned a Canadian and an Australian warship, which were sailing through the sensitive Taiwan Strait, in a move it criticised as a provocation.The People's Liberation Army's Eastern Theatre Command said the Canadian frigate Ville de Quebec and the Australian guided-missile destroyer Brisbane were engaged in "trouble-making and provocation"."The actions of the Canadians and Australians send the wrong signals and increase security risks…
India Mulls Building Third Nuclear Powered Aircraft Carrier
India could build its third nuclear powered aircraft carrier as part of a 15-year defence modernization plan announced today that also includes the use of Indian-made fighter jets by the navy for the first time.Bordered by rivals China and Pakistan, both of whom India has clashed with in deadly fights in recent years, New Delhi is increasingly leaning on domestic defence companies to bolster capabilities and cut dependence on foreign suppliers such as Russia…
Lloyd’s Register Launches Risk-Based Fire Safety Notation for Container Ships
Lloyd’s Register (LR) has launched Fire (C, Risk), a new risk-based notation developed to enhance the assessment of fire safety arrangements on board container ships. The notation is accompanied by guidance to support shipowners, designers, and operators in selecting appropriate, best-practice mitigations based on the specific fire risk profile of a vessel. The new notation, introduced in the July 2025 update to LR’s Rules and Regulations for the Classification of Ships…
Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy
President José Raúl Mulino met with more than 40 representatives of shipping companies from Japan’s Kanto region, where he presented Panama’s new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes.Mulino emphasized that Panama’s registry is positioning itself as the flag of the future, driven by new policies aligned with international benchmarks for safety…
Construction Starts for World’s First Ammonia-Powered Container Ship
Yara Clean Ammonia, together with Yara International, CMB.TECH and North Sea Container Line, has marked the official start of construction on Yara Eyde, the world’s first container ship powered by renewable ammonia.The steel cutting ceremony, held earlier in September, represents a major milestone in efforts to decarbonize short-sea shipping and demonstrate the viability of ammonia as a low-emission fuel.Set to operate on the Oslo–Porsgrunn–Bremerhaven–Rotterdam route…
