Conrad Industries' First Quarter Income Up From 2024
Conrad Industries has announced today its first quarter 2025 results with a net income of $3.9 million compared to $1.5 million during the first quarter of 2024.During the first three months of 2025, Conrad signed $67.3 million in contracts in its new construction segment compared to $51.8 million added to backlog during the first three months of 2024. Conrad’s backlog was $292.0 million at March 31…
Naturally Quiet
The Arctic’s bowhead whales can live for over 200 years. Imagine what they might hear in that time: screw propellers were only just being used to power ships 200 years ago, and diesel engines appeared some hundred years after that.The underwater radiated noise of shipping has grown globally, but the Arctic is a special place. It has been partially shielded from shipping noise. Sea ice shields and diffuses underwater sound…
FuelEU Maritime: Smarter Compliance Could Unlock a $279 Million Upside for Shipping
As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around USD$279 million (€250 million), according to a recent analysis by maritime data and compliance firm OceanScore.OceanScore’s analysis focuses on the balance of GHG intensity compliance under FuelEU.
Debriefing Russia's "Shadow Fleet' of Oil Tankers Amidst Recent Conflicts
Western sanctions imposed on Russia for invading Ukraine and aimed at cutting its oil revenues have led to the rise of a vast "shadow fleet" of tankers helping Moscow keep its crude exports flowing.Here are some key points about these unregulated vessels.WHY IS THIS FLEET IN THE NEWS?Estonia on Tuesday tried to stop an oil tanker, which the UK sanctioned last week, for sailing without a flag against maritime rules…
Steerprop Appoints New Director of Service
Thruster propulsion specialist Steerprop has appointed Juhani Hupli as its new Director of Service. Hupli, who joined Steerprop in February, will lead the development and delivery of the company’s lifecycle solutions for its thrusters, which operators rely on to maximize reliability and availability while operating in the world’s most challenging marine environments. Hupli will be part of the management team of Steerprop.Hupli brings over 25 years of experience in the maritime industry…
Shipnet: The Challenges of Surviving as a Small Shipping Business in a Big Industry
In today’s shipping industry, we’re seeing multiple factors which are impacting smaller shipping companies making it challenging to remain independent, however smaller operators bring unique values to the industry and we must encourage their success.Changes to environmental regulations such as sulphur cap, EEXI/CII, 2030/50 GHG targets and the ETS being introduced by the International Maritime Organization are all direct threats to the independence of smaller ship owners.
ABS Publishes Safety Insights for Ammonia as a Marine Fuel
How does ammonia behave when it leaks in an engine room? How does a cloud of escaped ammonia disperse during bunkering operations? These and many other critical safety questions that must be understood if ammonia is to become widely adopted as a marine fuel are addressed in ABS' latest research.Safety Insights for Ammonia as a Marine Fuel brings together the findings of advanced ABS research into the…
Navantia UK Announces New CEO
Navantia UK has today appointed Donato Martínez as the company's new Chief Executive Officer. Mr Martinez succeeds Juan Ignacio de la Cueva, under whose leadership Navantia UK has accomplished the first steps of the integration of Harland & Wolff, including the unlocking of key investments for the Fleet Solid Support (FSS) program.The leadership change follows a few months of significant progress since the acquisition of Harland & Wolff's four UK shipyards earlier this year.
Interferry Spotlights Thai Maritime Leader Ahead of the International Day for Women in Maritime
In recognition of the International Day for Women in Maritime on May 18, 2025, Interferry is proud to spotlight Mrs. Supapan Pichaironarongsongkram, board member of Interferry and Chairperson of Chao Phraya Express Boat Co., Ltd., Bangkok, Thailand as a shining example of female leadership in the maritime industry.As a third-generation female leader in maritime family business, Mrs. Supapan has been instrumental in modernizing waterway transportation services across Bangkok…
Denmark Launches Data-Driven Remote Pilotage
With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating a test program for remote pilotage—the first of its kind in the world. The approval marks a significant step towards a technological paradigm shift, opening new possibilities for safety, climate action, and operational efficiency in the maritime sector.After six years of development, Denmark is taking a step towards a more efficient and digital maritime infrastructure.
Dry Bulk Ship Breaking Skids to 17-year Low
“Between January and April 2025, dry bulk ship recycling has fallen 24% y/y, reaching a 17-year low despite a 35% y/y drop in the Baltic Dry Index (BDI). While weaker freight rates typically encourage the recycling of older and less profitable ships, high uncertainty over the demand outlook could be delaying recycling decisions,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Dry bulk ship…
Topside for Hollandse Kust (west Beta) Substation Set to Sail to Final Location
Two weeks after the successful load out, the steel topside for the Hollandse Kust (west Beta) substation platform is ready to leave the port of Hoboken near Antwerp in the Netherlands for its final North Sea destination.The topside is schedule to leave the Dutch port on May 17, on a floating pontoon via the Scheldt and the Western Scheldt towards the North Sea.As soon as Heerema Marine Contractors’ installation vessel Sleipnir has completed its current job in British waters…
