Iron Ore Shipments Fall 7%
Global iron ore shipments have fallen 7% y/y, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand. Australian cargoes have fared the worst, down 10% y/y while shipments from Brazil have weakened by 5% y/y.“The comparatively stronger Brazilian shipments are boosting average sailing distances, but tonne mile demand is nonetheless estimated to have taken a 6% fall y/y…
WFW Advises Eurazeo on Investment in Offshore Service Vessel Platform
Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore.
STEESMAT Project Funded, Aims for Next-Gen Vessel Power Systems
The EU granted $8.1 million to the STEESMAT project, which aims to develop a new power distribution systems for the zero-emission ships of the future.Spearheaded by Maritime CleanTech, 13 partners will collaborate on the development of an innovative power distribution system tailored to the needs of tomorrow’s emission-free vessels. This tech is aiming to simplify the integration of modern green energy sources while optimizing the efficiency of existing solutions.
Green Shipping Corridors: The Hurdles Ahead
Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly - but not sufficiently - according to a new report published by UMAS, UCL, and the Global Maritime Forum (GMF). Titled ‘Building a Business Case for Green Shipping Corridors,’ the report looks at the significant commercial challenges associated with green shipping corridors…
The Nuclear Option: ABS Grants AIP for 15K TEU Nuclear-Propelled Vessel Design
A nuclear-propelled containership designed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) received approval in principle from ABS.The design for a 15k TEU vessel uses a propulsion system comprised of a molten salt reactor (MSR) for heat and a supercritical carbon dioxide (SCO2) system for power generation. Unlike conventional ships, nuclear-powered vessels do not require engine exhaust systems or fuel tanks.
Veson Nautical Opens Dubai Office
Veson Nautical (Veson) opened a new office in Dubai as part of an enhanced commitment to one of the world’s most important shipping hubs.This expansion is aimed at bringing Veson closer to its growing regional client base and reinforcing its role in shaping the future of maritime technology and data solutions in the region.Veson CEO John Veson traveled to Dubai to open the new office, and the occasion…
Baseblue Launches Bunker Fuel Supply Service at Point Lisas Port
Baseblue launched a new bunker fuel supply service at Point Lisas Port, Trinidad, a major maritime hub in Trinidad, comprised of four key terminals: Point Lisas Industrial Port Development Corporation (PLIPDECO), Savonetta, Yara Trinidad, and Phoenix Gas. Baseblue's new supply service will primarily focus on PLIPDECO and Savonetta terminals, where the local supplier's storage tanks (VLSFO 20,000 & LSMGO 10,000) are based.
Deadline to Upgrade to Fifi Suit Protection to ‘Level 2’ Looms
Shipowners and operators of EU vessels must take steps to ensure that all new firefighting suits on board comply with changes to European regulations, which enter into force in June 2025, according to urgent advice from VIKING Life-Saving Equipment.Viking recommends fleet managers undertake a full risk assessment of their firefighting suits to verify compliance with requirements applying under MED regulations (EU) 2024/1975.
American Legend Christened in Key West
American Cruise Lines said that American Legend, the newest small ship in the company’s innovative Project Blue series, was christened in Key West, Florida. The celebration took place while the ship was docked at Mallory Square, just steps from the City’s vibrant town center. American Legend was visiting Key West along one of the company’s popular 8-Day Florida Gulf Coast & Keys cruises, which sail roundtrip from St. Petersburg, Florida.
Eurazeo Provides Over $70M for MPC OSE Offshore’s New SOVs
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF), a fund with a sustainable investment strategy…
Elomatic and Thyssenkrupp Ink Ship Design Contract for New Polarstern Icebreaker
German naval conglomerate Thyssenkrupp and Finland-based consulting and engineering company Elomatic have signed a design and engineering contract to support the development of a new Polarstern ship, bound to become the largest and most advanced research and polar logistics icebreaker.The ship will be built at the large and modern shipyard of tkMS in Wismar. The shipyard has a remarkable track record in developing complex icebreaking ships…
Louis Dreyfus Picks Chinese Shipyard to Build Three New SOVs for Vattenfall
French ship owner Louis Dreyfus Armateurs (LDA) has selected SALT as the naval architect and Shanghai Zhenhua Heavy Industries Company (ZPMC) as the shipyard for the construction of three new service operation vessels (SOVs) ordered by Vattenfall.SALT, an offshore vessel designer and long-time partner of LDA, has been entrusted with the development of the new SOVs.ZPMC has been chosen as the shipyard for the construction of the new SOVs.The new SOVs will integrate high-end European components…
Tokyo Gas Enters LNG Market in Philippines
Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.Financial terms of the deal for the stake in FGEN LNG, which owns and operates an offshore floating LNG terminal in Batangas City, were not disclosed.(Reuters - Reporting by Chang-Ran Kim; Editing by Janane Venkatraman)
Brittany Ferries Vessel gets World’s Largest Marine Battery
AYK Energy has completed the installation and sea trials for the second Brittany Ferries vessel to feature the biggest marine battery ever built.AYK installed the 12 megawatt-hours (MWh) Orion+ battery into Brittany Ferries Guillaume de Normandie hybrid electric ferry after installing the same battery system aboard its sister ship Saint-Malo at China Merchants Jinling Shipyard Weihai. The vessel has now completed its sea trials and is heading to Britain…
DOF’s Skandi Implementer Vessel Returns to GoM for Two Subsea Projects
Norwegian offshore supply vessel operator DOF Group has secured contracts for two subsea construction projects which will be executed with its Skandi Implementer subsea vessel.Skandi Implementer, which recently departed Mexico following contract termination after payment default from a client, has been scheduled for work with two international oil companies, whose name has not been disclosed.Designed for subsea construction, IRM & ROV services up to 3000 m depth, the vessel was built in 2008.
Maersk Partners With Cochin Shipyard
A.P. Moller - Maersk and Cochin Shipyard Limited (CSL) have signed a Memorandum of Understanding to explore collaboration opportunities in ship repair, maintenance and building activities in India.The partnership aligns with the Government of India's Vision 2047 maritime objectives and recent Union Budget 2025-26 announcements to position India among the top five global maritime hubs.The Union Budget…
MAN Methanol Genset Obtains Type Approval
MAN Energy Solutions' MAN 7L21/31DF-M (dual fuel-methanol) genset has successfully passed its Type Approval Test in China.The test was carried out in close cooperation with CSSC Marine Power (CMP) – the MAN Energy Solutions licensee – at CMP’s production facility in Zhenjiang and received approval from all major classification societies present at the event.The basis for the new methanol engine concept…
ICS Concerned about Non-IMO Flag States
The International Chamber of Shipping (ICS) has issued its annual Flag State Performance Table for 2024/25, voicing concerns about four newcomers.The Table provides an analysis of the extent to which flag State administrations adhere to their responsibilities to follow global standards and regulations governing safety, environmental protection and the employment conditions of seafarers – as adopted…
STCW Falls Short on Ammonia Training
Lloyd’s Register's Maritime Decarbonisation Hub (The Decarb Hub) and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) have released a third report aimed at helping meet the upskilling needs of an estimated future 800,000 seafarers as the industry transitions to alternative fuels.While current frameworks outlined in the IMO STCW for seafarer training provide a foundation, they fall short of addressing the unique challenges posed by ammonia…
Greek Shipyards Revitalized
The rhythmic clang of hammers and the bright flashes of welding torches filled the air at Skaramangas Shipyard near Athens last month, as workers busily repaired the bow of a large tanker. Nearby, other vessels awaited their turn in the dry dock—an unmistakable sign of renewed activity at the once-idle shipyard.Just a year ago, Skaramangas stood empty, a stark reminder of Greece’s prolonged debt crisis from 2009 to 2018.
