Corvus Energy Secures Growth Capital
Energy storage system (ESS) supplier Corvus Energy has secured a $60 million growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen.Founded in 2009, Corvus Energy has pioneered maritime ESS and today supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300 hybrid or all-electric ESS installations worldwide.
A Step Forward for Direct Air Capture
Like new fuels and onboard carbon capture, direct air capture (DAC) needs to be scaled up to become an effective decarbonization pathway.This week, German shipowner NSB Group demonstrated its willingness to step forward by entering into a partnership with Phlair, a German direct air capture company.The CO2 removal credits will be produced by capturing CO2 from the atmosphere at Phlair’s direct air capture facility “Dawn” and permanently storing it underground.
US Imposes Sanctions on Oil Refineries and Purchases
The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased…
USA, Finland to Reach Icebreaker Deal
U.S. President Donald Trump and Finnish counterpart Alexander Stubb will meet on Thursday at the White House tosign a pact for the U.S. Coast Guard to buy up to four icebreaker ships from Finnish shipyards, the White House and Stubb said.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played…
Book Release: New Edition of Advanced Electrotechnology for Marine Engineers
Christopher Ralph Lavers and Edmund G. R. Kraal have released a new edition of their volume 7 book, Advanced Electrotechnology for Marine Engineers - Reed's Marine Engineering and Technology Series. Copies can be purchased here.
Global Shipping Industry Reaffirms Support for the IMO Net Zero Framework
Leading international maritime associations and organisations have reiterated their strong support for the adoption of the “Net-Zero Framework” at the IMO Marine Environment Protection Committee next week (October 14-17) by the world’s governments at the UN International Maritime Organization (IMO). The global industry remains committed to working collaboratively with IMO Member States to successfully implement this regulatory package for achieving net zero GHG emissions by or close to 2050…
Century Cruises Enters European Market with New River Cruise Vessel Under Construction at Concordia Damen
Concordia Damen, a Werkendam-based shipbuilder, has commenced construction of a new River Cruise vessel for Century Cruises, one of China’s leading river cruise operators. The vessel has been developed in partnership with United Waterways, and marks Century Cruises’ official entry into the European river cruise market.The hull of the vessel, to be named Century Star, has recently arrived at Concordia Damen’s yard in Werkendam for outfitting. Delivery is scheduled for June 2026.
BIMCO Adopts Methanol Bunkering Annex
The Documentary Committee of BIMCO has adopted a Methanol Annex to its Bunker Terms 2018. The annex is the latest addition to the BIMCO portfolio of contracts and clauses that support the maritime industry’s transition towards alternative fuels and decarbonization.The annex introduces new definitions to reflect ongoing developments in the bunkering landscape. It also targets the increasing importance…
Fincantieri’s Ramazel to Supply Rock Laying System for Jan de Nul’s Vessel
Remazel, a company of the Fincantieri Group, has signed a contract with Jan De Nul for the supply of mission-critical equipment for a newbuild vessel.The contract covers the design and supply of an advanced system for transporting and laying rocks on the seabed to protect cables and pipelines.The solution developed by Remazel will enable operations at depths of up to 400 meters with a production capacity of 2…
Jan De Nul to Install Export Cables at Taiwan’s Offshore Wind Farm
Belgian marine contractor Jan De Nul has signed a contract with Synera Renewable Energy (SRE) for the installation of export cables on the Taiwanese offshore wind farm Formosa 4.To bring the green energy ashore, Jan De Nul will transport, install and protect 60 kilometers of subsea cables.According to the company, it was also selected as the preferred contractor for export cables on SRE’s wind farm Formosa 6…
Exploring the Evolution of Ship Management at Maritime Cyprus 2025
The “Maritime Cyprus 2025” Conference featured a panel discussion, titled “Safeguarding Shipowners in a Rapidly Changing Environment”, organized by the Cyprus Shipping Chamber.Speakers included:Mark O’Neil (Columbia Group)Sebastian von Hardenberg (Bernhard Schulte Shipmanagement)Dieter Rohdenburg (InterMaritime Shipmanagement) and Jan Meyering (Marlow Navigation) Topics included decarbonization, digitalzation…
Japan's Sake Brewing Moon Shot ... Literally
DASSAI MOON Project, the World's First Test Brewing of Sake in SpaceLaunch of space brewing equipment from Tanegashima on October 21The space brewing equipment jointly developed by Mitsubishi Heavy Industries, Ltd. (MHI) and DASSAI Inc., a sake company based in Iwakuni City, Yamaguchi Prefecture, and ingredients will be launched by the Japan Aerospace Exploration Agency (JAXA) for the DASSAI MOON Project, a project to brew sake in space.
ADNOC L&S, TA’ZIZ Ink Deal to Build UAE’s First Dedicated Chemicals Port
ADNOC Logistics & Services (ADNOC L&S) and TA’ZIZ have signed a 50-year strategic agreement to establish United Arab Emirate’s first dedicated chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais, supporting the country’s industrialization and chemicals expansion goals.Under the agreement, ADNOC L&S will build, own and operate the $300 million port, while TA’ZIZ will use the facility to export chemicals and derivatives efficiently.
Mitsubishi Shipbuilding Christens Car Ferry HAMANASU
Second of Two Large Car Ferries Ordered by Shinnihonkai Ferry and Japan Railway Construction, Transport and Technology Agency Second ferries in Japan to use a buttock-flow stern hull and ducktail design, providing energy savings of 5% Delivery scheduled for June 2026, planned to go into service between Otaru and MaizuruMitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group…
Nineteen Illegal Fishers Plead Guilty in Australia
Nineteen Indonesian nationals pleaded guilty to illegally fishing in Australian waters in five separate cases at Darwin Local Court on September 30.The first four matters arose from incidents where Australian authorities identified, intercepted, and apprehended Indonesian vessels fishing illegally in Northern Territory between September 7 and 11, 2025.ABF seized 1,200 kg of sea cucumbers, more than 2,000 kg of salt used to process and preserve catch and a large quantity of fishing equipment.
Report Highlights Family Grief After Gulf Livestock 1 Capsize
A comprehensive independent investigation by Bloomberg into the 2020 sinking of the Gulf Livestock 1 has just been aired.For the families of the seafarers lost, it's been an ongoing saga of hope and sadness as some mounted their own search and rescue efforts and fought for more information on what went wrong. The livestock carrier was sailing from New Zealand to China with 43 crew and approximately 6…
Seven Shipping Associations Call for IMO Adoption of NZF
Heads of seven shipping associations have called for the IMO to adopt its Net-Zero Framework (NZF) at the crucial vote in October. Anything else would be a major setback for the green transition and risk leaving the industry with a complicated patchwork of regional climate regulations.Next week the 176 members of the IMO will convene in London to formally adopt the historic agreement on binding climate…
GCMD and IAPH Forge Decarbonization Coalition Across Global Ports
The Global Centre for Maritime Decarbonisation (GCMD) and the International Association of Ports and Harbours (IAPH) have signed a two-year partnership agreement aimed at accelerating the decarbonization of the maritime sector.IAPH has a global port network comprising more than 200 port authorities and operators in over 85 countries. Together, GCMD and IAPH aim to strengthen the industry’s readiness…
What do Russia–China Dynamics Mean for the Icebreakers Market
The Arctic is no longer a remote expanse beyond the edges of global commerce — it is now a contested arena where strategic competition, energy development, and maritime innovation converge. As climate change accelerates sea ice retreat, previously impassable waters are opening to navigation for longer periods each year. This change unlocks shorter trade routes, exposes massive untapped hydrocarbon and minerals reserves…
Sustainable Fuel Chicken and Egg Redux. Maybe Some Ports Can Fix It.
In a recent sustainable fuel panel discussion, I once again found my self sucked into the sustainable fuel chicken and egg conundrum.I have discussed it before; shipowners will not buy ships that use a fuel for which no viable supply chain exists and fuel suppliers will not develop supply chains for which no buyers exist.In general, it is very difficult to break a chicken and egg conundrum, except through a direct directive or through…
