Maritime Industry Top News
OrbitMI Launches Vessel Reporting Analysis to Strengthen Data Quality, Help Shipowners Meet Industry Standards
OrbitMI, a leading provider of maritime SaaS software, announced the launch of its Vessel Reporting Analysis, a structured assessment designed to help shipowners and operators understand how closely their vessel reports align with industry vessel reporting standards. The assessment identifies data gaps that affect compliance, operational efficiency, and the accuracy of performance and emissions reporting.As more maritime workflows depend on reliable data—across compliance…
Golar LNG Announces Successful Completion of $1.2b FLNG Gimi Bank Facility
Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi. The new $1.2 billion bank facility replaces an existing bank facility with an outstanding amount of $627 million as at Q3 2025.The new debt facility has a 7-year tenor…
Inchcape Shipping Services Opens New Office in Geoje, Korea
Inchcape Shipping Services, a leader in port agency and maritime services, has announced the opening of its new office in Geoje, Korea. This expansion increases Inchcape’s footprint in South Korea to three offices—Seoul, Busan, and now Geoje, covering 23 ports nationwide.Geoje is a strategic hub for global shipbuilding and offshore projects, playing a critical role in the construction of LNG carriers, container vessels, naval ships, and offshore platforms.
Alfa Laval to Collaborate with Hanwha Ocean Ecotech on Ammonia Fuel System
Alfa Laval Korea Ltd. has signed a Memorandum of Understanding (MOU) with Hanwha Ocean Ecotech, marking a step toward strengthening cooperation in developing safe and reliable ammonia fuel system solutions for dual-fuel vessels.The MOU will leverage Alfa Laval’s technical expertise in ammonia fuel systems with Hanwha Ocean Ecotech’s capabilities in marine technology. The joint approach aims to secure…
Dan-Bunkering US Appoints Christian Vandvig Finnerup as Managing Director
Dan-Bunkering has announced the appointment of Christian Vandvig Finnerup as Managing Director for Dan-Bunkering USA, effective November 1, 2025.Christian Vandvig Finnerup transitions to the U.S. from Singapore, where he served as Commercial Director at Dan-Bunkering APAC, leading regional growth and strengthening Dan-Bunkering’s offshore and commercial portfolios. Prior to his time in Asia, Christian Vandvig Finnerup headed Offshore Wind…
Coal Shipments Plummet to 23 Year Low
“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has slowed compared to previous years. The contraction is primarily driven by weaker coking coal demand due to reduced steel production,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Between January and October, global steel production fell 2.1% y/y according to the World Steel Association.
Østensjø Rederi Orders its Most Powerful Offshore Tugboat
GONDAN signed a contract with Norwegian shipowner Østensjø Rederi to build a state-of-the-art offshore tugboat, which will be the most powerful in its tugboat fleet. Delivery of the vessel, whose operation will be guaranteed by PYMAR, is scheduled for the first quarter of 2028.Measuring 50 x 17 m with a bollard pull of 150 tons, the new tugboat is designed to handle the most demanding offshore operations…
STAPEM Ops for Sonardyne’s Precise Positioning System
France-based STAPEM Group has chosen Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) technology as the permanent solution for one of its flagship offshore support vessels, the STAPEM Boreale.Operating in one of STAPEM Group’s key regions, Angola, the vessel is now equipped with a Ranger 2 GyroUSBL 7000 system, an all-in-one, high-performance USBL system for precise positioning performance, previously used on a hire basis.Ranger 2 GyroUSBL 7000 is optimized for ultra-deepwater operations and…
MacGregor to Equip Atlantic Navigation’s CSV with AHC Crane
MacGregor has secured a contract to deliver a newly developed high-performance lightweight 165-tonne active heave compensated (AHC) crane to Hong Hua Yard in China for the vessel owner Atlantic Navigation.Equipment delivery is scheduled for completion by the second quarter of 2027, with an option included for one additional crane.The scope of supply includes the complete delivery of a modern 165-tonne…
LNG Bunkering Vessel Newbuild to Sport Wärtsilä Equipment
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply a range of solutions for a new LNG Bunkering Vessel built at the Jiangnan Shipyard in China for Shanghai International Port Group (SIPG) Energy Shanghai Co.The scope includes the cargo handling system, the fuel gas supply system, and a boil-off gas reliquefication system (Compact Reliq - CRS). The systems are fully integrated to…
Fugro Wraps Up Survey at Dogger Bank South Offshore Wind Farm
Fugro has completed the geotechnical site investigations at the eastern array of Dogger Bank South Wind Farm, off UK.Fugro’s five-vessel campaign gathered core samples and cone penetration tests (CPT) data up to 50 meters below the seabed.According to RWE, which is developing the project together with partner Masdar, the results of the campaign will provide vital insights for designing turbine and…
Glamox to Deliver Exterior LED Lighting for Seatankers’ OCV Fleet
Lighting specialist Glamox has secured a contract to supply exterior marine LED lighting for four Offshore Construction Vessels (OCVs) commissioned by shipping company Seatankers.These highly versatile vessels can support all manner of offshore construction projects, from the construction and maintenance of offshore wind farms to the installation of subsea infrastructure and much more.Glamox is delivering a comprehensive package of exterior marine-certified LED lights for all four vessels.
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.
