Maritime Industry Top News
INTERCARGO Convenes Industry Leaders to Tackle Approach to Dry Bulk STS Transfers
INTERCARGO brought shipowners, charterers, insurers and service providers together in Athens on March 31 to tackle a growing issue in dry bulk shipping: how ship-to-ship (STS) transfers are actually carried out.STS in dry bulk is no longer occasional. It is becoming part of day-to-day operations as larger vessels and limited port infrastructure force cargo to be moved offshore. However, the sector has reached this point without a clear…
ICS, ITF Meet with Gulf State Representatives on Seafarer, Shipping Crisis
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf.The meeting comes four weeks into the deadly conflict in which seafarers have been killed, ships have come under attack, and an estimated 20,000 seafarers remain stranded in conditions of fear and uncertainty…
Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf
Tehran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Tuesday, despite a threat by President Donald Trump that the U.S. will obliterate Iran's energy plants if it does not agree to a peace deal and open the Strait of Hormuz.Authorities in Dubai said the fire on the Kuwait-flagged Al-Salmi had been brought under control following a drone attack, with no oil leak and no injuries to the crew.
MTF Issues Safety Guidelines for Wind-Assisted Ships
The Maritime Technologies Forum (MTF) has published new guidelines to support the safe operation of ships using wind-assisted propulsion systems, as the shipping industry increasingly adopts technologies aimed at reducing fuel use and emissions.The guidelines provide recommendations for developing and implementing safety management systems tailored to vessels equipped with wind-assisted propulsion systems (WAPS)…
Chiyoda, NYK, KNCC Target Global CCS Value Chain Development
Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas, including optimizing transportation methods for liquefied carbon dioxide.The collaboration will cover multiple stages of project development…
Kangnam to Build New Incat Crowther 80m Vessel Design
Incat Crowther was commissioned by South Korean shipbuilder Kangnam Corporation (Kangnam) to design a new 80-m high-speed catamaran RoPax ferry for operation by Korea Express Ferry (KEF). The new vessel will service routes between Incheon Metropolitan City and the Yellow Sea islands of Daecheongdo, Baengnyeongdo and Socheongdo in Ongjin County, Republic of Korea (South Korea).The project renews the successful partnership between Incat Crowther…
Saronic Closes $1.75B Series D Funding
Saronic Technologies today announced it has closed $1.75 billion in Series D funding to advance its mission of delivering autonomous platforms at scale across defense and commercial sectors. The round was led by Kleiner Perkins and values the company at $9.25 billion.Saronic welcomes Advent International, Bessemer Venture Partners, DFJ Growth, BAM Elevate, and other new partners and recognizes the continued commitment of its existing investors…
Golden Pass LNG Reaches First Production Milestone in US
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has produced its first liquefied natural gas from the initial train of its export facility in Texas, marking a step toward full operations.The project, located in Sabine Pass, has a total capacity of 18 million tonnes per annum across three liquefaction trains. The start of production is expected to pave the way for the first LNG cargo…
Chevron’s Wheatstone LNG Plant Remains Offline Due to Cyclone Damage
Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia, said the two LNG processing trains at the 8.9 million-ton-a-year facility remained shut after Tropical Cyclone Narelle struck the region last week."We have a number of fin fans or air-cooled heat exchangers that sustained some damage
UK's Wind Output Surge Softens Blow from Global Energy Disruption
Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U.S.
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…
Kuwaiti Tanker Ablaze in Dubai Port
Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent strike is just the latest in a string of assaults on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.S. and Israel attacked Iran on February 28.U.S.
Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal
Titan Clean Fuels has signed an off-take agreement with green energy supplier TURN2X to deliver e-Methane to the maritime industry from 2028 onwards.Titan operates seven bunker vessels and is able to deliver in around 52 ports today.TURN2X’s modular and load-flexible production plant in Miajadas, Spain, converts renewable energy and biogenic CO₂ into ISCC-certified e-methane. This green fuel is then fed into the grid and transported to major European ports…
Ship Recycling Market Under Strain as Geopolitical Factors Weigh on Economics
The global ship recycling market is moving into a more difficult quarter, with rising costs, rising steel prices, possible slowdown in local steel demand, energy shortages and exchange risks. Even within the Indian sub-continent these parameters can have differing impacts. As of today, Bangladesh and Pakistan hold firmer ground in terms of prices offered for recycling candidates, according to vessel…
Australia Destroys Foreign Fishing Vessels in Crackdown
The Australian Border Force (ABF) is continuing disruption operations across northern waters, with five foreign fishing vessels intercepted and destroyed at sea since the commencement of Operation BROADSTAFF.Two of the five vessels were intercepted on February 20 while fishing illegally near Albany Island.Another vessel was intercepted on March 3 in the Escape River on the Cape York Peninsula, while…
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…
Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict
The trade of global fertilizer and ammonia faces intense pressure due to the effective closure of the Strait of Hormuz as diplomatic talks between the US and Iran remain uncertain. Rystad Energy’s 2025 trade mapping shows that the sale of 15% of global ammonia and 21% of urea, which is used as a high-nitrogen fertilizer, are tied to exporters potentially impacted by the closure. This includes leading producers Saudi Arabia and Qatar, followed by Kuwait, Bahrain, the UAE, Iran and Iraq.
Vard Marine to Offer Concept Refinement for the U.S. Navy Next Generation Logistics Ship Program
Vard Marine US, Inc., a subsidiary of Vard Group AS - fully owned by Italian Fincantieri Group, has been awarded a contract to participate in the Next Generation Logistics Ship (NGLS) Program. Under this contract, Vard Marine will conduct a market survey and perform concept design and refinement for the new NGLS platform, also referred to as the light replenishment oiler (T-AOL). The award also includes options that can be exercised for functional design planning and special studies.
Damen Signs Contract to Deliver Combi Freighters (CF) 3850 to the Polidano Group
Damen Shipyards Group has signed a contract with Polidano for the delivery of two Combi Freighters (CF) 3850. The Malta-based company will use the vessels primarily for the transport of aggregates for its construction business. The new vessels will be named Denise P and Julia P in honor of Polidano family members.Polidano approached Damen due to the reputation of the CF 3850 in the market. The company will use the vessels to replace a single vessel it currently operates…
Marine Group Boat Works to Build Multi-Deck Live Fire Training Simulator for San Diego Harbor Police Department
Marine Group Boat Works, LLC, a boatbuilding and repair company with facilities in San Diego and Los Cabos, has announced it has been awarded a new contract by the San Diego Unified Port District to design, fabricate, and install a multi-deck live fire training simulator in support of the San Diego Harbor Police Department. The advanced simulator will be installed aboard the Port District’s existing LCM-8 troop landing vessel…
