Maritime Industry Top News
Estimated 55% of Indian Goods Exported to US Will Face Tariffs
About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday.Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S.
Finland Charges Eagle S Tanker Captain, Officers Over Cable Cutting Incident
Finland's national prosecutor's office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December.The Georgian and Indian nationals are suspected of aggravated criminal mischief and aggravated interference with communications by dragging the ship's anchor for around 90 km (56 miles) across the seabed, a prosecutors' statement said.The defendants, who are not permitted to
Arup Appoints New Global Maritime Leader to Spearhead Business Growth
David Dack is Arup’s new Global Business Leader for Maritime, the firm announced.The appointment reinforces Arup’s commitment to delivering sustainable, resilient infrastructure and operational solutions for ports, maritime transport providers, and coastal communities. In his new role, David will continue to grow the business, while enhancing Arup’s positive impact for clients and their projects.David joined Arup in 2006 and brings over two decades of experience in the planning…
Coastal Veterans Repair Group Acquires Voyager Maritime Alliance Group
Coastal Veterans Repair Group LLC, a veteran-owned ship repair and marine services firm headquartered in North Carolina, has announced the acquisition of Voyager Maritime Alliance Group, a provider of marine electronics, systems integration, and vessel support services based in Fort Lauderdale, Florida.This strategic acquisition represents a milestone in Coastal Veterans Repair Group’s ongoing expansion into high-end yacht systems, navigation, and marine technology sectors.
Captain Ahmed Al Badi receives 2025 Alexander Dalrymple Award
On Wednesday, August 6, 2025 the UK Hydrographic Office (UKHO) presented Captain (Aqeed) Ahmed Al Badi, Head of the Oman National Hydrographic Office (ONHO), with the Alexander Dalrymple Award for 2025. The award recognizes his services to hydrography. Captain Ahmed Al Badi was invited to the UKHO where he was presented with this year’s award. Hosted by the UK’s National Hydrographer and Director of Data Acquisition and Defence…
Great Lakes Limestone Shipments Slip Slightly in July Amid Mixed Port Trends
Shipments of limestone across the Great Lakes held relatively steady in July 2025, totaling 3.53 million tons — a fractional drop of less than 1% compared to the same month last year, according to the Lake Carriers’ Association (LCA). Despite the minimal year-over-year change, the trade fell 6.7% short of the month’s five-year average, reflecting softer demand from some key markets.Loadings from U.S.
Golden Ocean, CMB.TECH Set August 20 Target for Closing $4.2B Merger
Golden Ocean Group Limited (NASDAQ: GOGL; Euronext Oslo Børs: GOGL) has issued an update on its planned stock-for-stock merger with CMB.TECH NV (NYSE: CMBT; Euronext Brussels: CMBT), confirming the transaction could close as early as August 20, 2025.Under the agreement, Golden Ocean will merge with CMB.TECH Bermuda Ltd., a wholly owned subsidiary of CMB.TECH, with the latter as the surviving entity.
Great Lakes Iron Ore Shipments Slip in July; Year-to-Date Totals Lag
The Great Lakes iron ore trade lost momentum in July, with shipments totaling 5.1 million tons — a 10.9% decline compared to the same month in 2024, according to the Lake Carriers’ Association (LCA). The July volume also came in 1.7% below the five-year average, signaling that weaker conditions are not just a one-month anomaly.The year-to-date picture is similarly soft. Through the first seven months of 2025…
Vantage Drilling Completes Sale of the Tungsten Explorer
Vantage Drilling International completed the sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by the Ccompany and 75% by TotalEnergies.
Russia's Arctic LNG 2 Continue Loadings with Sanctioned Tankers
An LNG tanker targeted by U.S. sanctions has berthed at Russia's Arctic LNG 2 plant, the fourth such vessel to do so this year, shiptracking data from Kpler and LSEG showed.The Christophe De Margerie tanker arrived unloaded at Arctic LNG 2 on August 9, showed Kpler data. The vessel was sanctioned by the U.S. Treasury department in January as part of a broader goal to target Russia's oil and gas revenues.The Arctic LNG 2 project…
Ørsted Delivers Strong H1 Results
Ørsted’s Board of Directors has approved the interim report for the first half of 2025, with Rasmus Errboe, Group President and CEO, saying he is satisfied with the company’s strong operational performance which saw earnings of DKK 13.9 billion ($2.2 billion).The figure supports Ørsted’s full-year EBITDA guidance of DKK 25-28 billion.The company has however altered the outlook for the offshore division…
Ship Recyclers Face Confusing Fundamentals and Market Uncertainty
A week of confusing fundamentals saw nearly all markets reacting as bizarrely as on “Liberation Day” tariffs from back in April, says cash buyer GMS.The tariffs, finally being levied on key destinations (including India) this week, saw turmoil across the board as the week ended. At the onset, oil futures declined 5% and closed the week out at $63.90/barrel. The tariffs announced on Friday included Russia (rather surprisingly) and China…
Provaris Commences FEED for LCO2 Tank
Provaris Energy has received approval from its development partner Yinson Production to commence the front end engineering design (FEED) development for its proprietary large-scale low-pressure liquid CO2 (LCO2) tanks for integration with Yinson’s floating storage injection unit (FSIU).Yinson will fund 100% of the FEED phase, and first deliverables are scheduled for December 2025.Provaris and Yinson…
Shore Leave: Rare, Brief and Endangered
A new report from the ITF Seafarers’ Trust (ITFST) and the World Maritime University (WMU) highlights the continuing absence of shore leave for the world’s seafarers.Analyzing the data from 5,879 seafarers who responded to the ITFST’s Shore Leave Survey, WMU researchers concluded that more than a quarter of seafarers did not get any shore leave at all, and a third only got ashore once or twice during their entire contract…
IMO Launches Regional Office in Fiji
The IMO has inaugurated a new Regional Presence Office in Suva, Fiji.The Regional Presence Office, hosted by the Government of Fiji and initially based at the Secretariat of the Pacific Community (SPC) buildings, will support Pacific nations with implementing global regulations and standards in maritime safety and environmental protection, while advancing their maritime sectors. IMO Secretary-General Arsenio Domiguez…
GCMD and INTERCARGO Partner on Decarbonization
The Global Centre for Maritime Decarbonisation (GCMD) and the International Association of Dry Cargo Shipowners (INTERCARGO) have signed a two-year partnership to accelerate decarbonization efforts in the dry bulk segment.Bulk carriers account for 42.7% of the world’s oceangoing fleet by deadweight tonnage (dwt) and present unique decarbonization challenges, particularly for small and medium-sized…
Dominican Republic to Boost Cruise Tourism
The Florida-Caribbean Cruise Association (FCCA) has strengthened its partnership with the Dominican Republic to enhance cruise tourism.During a series of high-level meetings between FCCA leadership and the Dominican Republic’s tourism and port authorities, both parties committed to a shared vision: to position the Dominican Republic as a premier cruise destination in the Caribbean by delivering exceptional guest experiences…
Coast Guard Assists Fishing Vessel off Oregon
U.S. Coast Guard crews from across two districts have worked together to assist three mariners aboard a disabled fishing vessel about 95 miles west of Newport, Oregon.The crew of the Coast Guard Cutter Alder, an Air Station Sacramento C-27 Spartan aircrew, an Air Station North Bend MH-65 Dolphin aircrew, and a Station Yaquina Bay 47-foot Motor Lifeboat (MLB) crew responded to the Defiant, a 97-foot fishing vessel, after it reported at 6:42 a.m.
Coast Guard Responds to Increased Chinese Research Vessel Activity in Arctic
The U.S. Coast Guard has detected two Chinese research vessels operating in the U.S. Arctic and is currently monitoring five similar vessels in or near the U.S Arctic.On August 5, a C-130J Hercules fixed wing aircraft from Air Station Kodiak responded to the Chinese research vessels Ji Di and the Zhong Shan Da Xue Ji Di. Both vessels were transiting northeast in the Bering Sea.On August 6, the crew of U.S.
Iraq Navy Detains Oil Tanker in Smuggling Crackdown
Iraq's navy has detained a Liberian-flagged oil tanker in its territorial waters as part of a crackdown on fuel smuggling at sea, sources with the navy and oil and transport ministries said on Friday.Smuggling is common in Gulf waters, where heavily subsidised fuel from some countries is sold on the black market to buyers across the region, though it has been relatively rare until recently for Iraqi…