Panama Canal Transits Drop in Favor of Alternatives
Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average.Although there were no transit restrictions during this period, transits of dry bulk, LNG and, to a lesser extent, tankers have not recovered to their historical levels, says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Between June 2023 and September 2024…
IMO Adopts Revised Action Plan to Combat Marine Plastic Litter
The IMO’s Sub-Committee on Pollution Prevention and Response has agreed on the draft 2025 Action Plan to Address Marine Plastic Litter from Ships, with a view to its approval by the Marine Environment Protection Committee in April 2025.The draft was agreed at the 12th session of the Sub-Committee on Pollution Prevention and Response, which was held at IMO Headquarters in London in January 2025. The 2025 Action Plan was prepared following a revision of the initial Action Plan approved in 2018…
Inmarsat to Upgrade Maritime Connectivity Services Across Maersk's Fleet
Maersk and Inmarsat Maritime have signed an agreement to upgrade satellite communications services across the Danish shipping giant's fleet of approximately 340 container ships. The agreement will see bandwidth enhancements rolled out across Maersk’s entire fleet of owned container ships between 2025 and 2026.These upgrades are part of Maersk’s strategic roadmap to facilitate unified connectivity, transform its vessels into fully operational floating offices…
ASRY Earns GTT's Certification for LNG Carrier Repairs
The Arab Shipbuilding and Repair Yard Company (ASRY) has secured a certification from French engineering firm Gaztransport & Technigaz (GTT) for compliance with the highest international standards for repairing and maintaining LNG carriers.The certification was announced during ASRY’s participation in the Seatrade Maritime Qatar conference, held in Doha in the first week of February. ASRY received…
Windward Unveils AI Solution for Critical Maritime Infrastructure Protection
Windward has launched a Critical Maritime Infrastructure Protection solution, an AI-powered solution designed to protect the world’s essential maritime infrastructure against growing threats.Windward’s Critical Maritime Infrastructure Protection solution addresses three primary threats to maritime infrastructure, deep-sea research operations, shallow-water sabotage, and attacks on offshore oil rigs and platforms.
Rolls-Royce and Triveni to Work Together on Marine Gas Turbines for Indian Market
Rolls-Royce Marine North America and Triveni Engineering and Industries have signed a memorandum of understanding (MoU) to explore opportunities to collaborate on programs for 4 MW marine gas turbine generators (GTG) for customers in India. This would include several key areas, including design, development, and manufacturing of the marine GTGs and comprehensive sales and support activities. "Rolls-Royce has a proven track record of powering some of the world’s most advanced naval platforms…
Maritime Insurers to Keep Facilitating Free Trade as Trump's Tariffs Loom
The International Union of Marine Insurance (IUMI) has restated their intention to facilitate free maritime trade, as the protectionist measures were not in the interests of the marine insurance community. In an interconnected global economy, protectionism in the form of trade tariffs was said to run counter to IUMI’s values of securing free trade and maintaining and growing the global economy, the…
Zelim Names Former Survitec CEO as Chairman
Zelim, the Edinburgh-based safety and survival systems innovator, has appointed Doug Baxter as its new Chairman. Baxter has 30 years of industry experience, working as a former CEO of Survitec, as well as holding senior executive positions with BAE Systems, GEC Marconi, and Survival Systems International (3SI).He will replace the current Chair Doug Duguid, who will remain on the Zelim's Board as Investor Director.
BAR Technologies Expands Maritime Team
BAR Technologies, a developer of wind propulsion systems and maritime decarbonization solutions, has expanded its team as it gears up for further growth in 2025.The company made 20 new hires in 2024, including new Sales and Marketing team, four Naval Architects, and 13 engineers, following an increase in global demand for its technologies.Among the notable hires is Tom James, who joined as Sales Director in early 2024.
Lloyd’s Register Greenlights CUBE Batteries for Maritime Applications
Germany-based Lehmann Marine, a developer of maritime lithium ferrophosphate (LFP) battery systems, has secured a type approval from Lloyd's Register for its CUBE compact energy storage solution, paving the way for its broader adoption across the maritime industryThe certification marks the fourth major classification society to approve the CUBE battery system, following Bureau Veritas, DNV, and RINA.
Maersk’s Profit Beats Forecasts as Shipping Giant Eyes 4% Market Growth
Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump's tariff threats create uncertainty.Geopolitical developments including Trump's threats to impose tariffs on the top U.S.
Van Oord’s Heavy Lift Vessel Installs First Monopile at Polish OW Farm
Van Oord’s heavy lift installation vessel Svanen has installed the first monopile at the Baltic Power offshore wind farm, north of the Polish coast.Developers ORLEN and Northland Power contracted Van Oord for the transport and installation of 78 foundations, consisting of a monopile fitted with a transition piece.With a production capacity of up to 1.2 GW, the Baltic Power offshore wind farm is expected to ultimately supply renewable energy to more than 1.5 million households in Poland.
G2 Ocean Opts for StormGeo’s Advanced Voyage Optimization Solution
Norwegian ship operator within the open hatch segment G2 Ocean has selected StormGeo’s voyage optimization solution for its fleet of 120 vessels.The new agreement builds on the success of a long-term collaboration between the two maritime companies, further solidifying G2 Ocean’s confidence in StormGeo’s ability to support their goals of operational efficiency and decarbonization.G2 Ocean has selected StormGeo’s Voyage Optimization solution…
Monna Lisa Cable Layer Joins Prysmian’s Fleet
Monna Lisa cable laying vessel (CLV), built by Norwegian shipbuilder Vard, has joined Prysmian’s fleet.The 171-meter-long CLV has officially joined Prysmian fleet, following the successful completion of sea trials.Monna Lisa will match Prysmian’s Leonardo da Vinci, the world’s most advanced CLV, in terms of capacity and performance.The vessel boasts two carousels of 7,000 and 10,000 tons, the highest capacity in the current market…
VIKING Life-Saving Equipment Opens New Boat Factory in Norway
VIKING Life-Saving Equipment has strengthened its position in boat manufacturing by setting up a new manufacturing facility in Norway.The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment and for special boats in the defense segment.As the supplier of lifeboats and fast rescue boats for the commercial shipping, offshore, and defense segments…
Kongsberg Maritime Unveils Range of T&I Solutions for Floating Wind
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process, from anchor and mooring installation through to electrical cable pull-in, ensuring that turbines are ready to be connected to energy grids, and offer…
Hapag-Lloyd Confident About Tariff Resilience
Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday."It is too early to push the panic button," CEO Rolf Habben Jansen said in the remarks published on Wednesday, when additional 10% tariffs kicked in, and made before U.S. President Donald Trump proposed that his country to take over the Gaza Strip."Fortunately we are able to react when transport flows change…
Hoegh Ready for FID for Hydrogen Deliveries to Germany
Norwegian shipping firm Hoegh Evi expects to take a final investment decision (FID) this year on an ammonia-derived hydrogen project to deliver clean fuel into dedicated German grids, chief executive Erik Nyheim said.The company operates three of its nine floating storage and regasification units (FSRU) for LNG along the German coast, diversifying the country's supply origins since the 2022 energy crisis.With an eye on Germany's long-term decarbonization goals, Hoegh and private firm Deutsche Re
Bayesian's Mast to be Removed Before Recovery
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be recovered once its mast is dismantled in a salvage operation likely to begin after the middle of April, a source close to the matter told Reuters on Wednesday.The recovery of the British-flagged Bayesian, lying on its right side at a depth of around 50 meters (164 feet), could help explain why it sank during a severe and sudden storm off the port of Porticello…
Maersk Initiates Share Buy-Back
A.P. Møller - Maersk has decided to initiate a share buy-back program of up to DKK 14.4 billion (around $2 billion) to be executed over a period of 12 months.The purpose of the program is to adjust the capital structure of the company ultimately through cancellation of shares repurchased. It was in February last year due to market uncertainties caused by disruptions in the Red Sea.The first phase of the share buy-back program will run from February 7 to August 6, 2025.
