ABS and Siemens to Advance Digitalization in Shipbuilding
ABS and Siemens Digital Industries Software (DISW) have signed a memorandum of understanding to accelerate the digital transformation of maritime classification processes across ship design and construction.The collaboration will also advance product lifecycle management (PLM) technology to enhance efficiency, data integrity and regulatory compliance throughout the vessel life cycle.The MoU establishes…
Hull and Cargo Insurance Market Steady, for Now
The International Union of Marine Insurance (IUMI) has released its 2025 analysis of the global marine insurance market – the IUMI “Stats Report”.Commenting on this year’s report, IUMI Secretary General, Lars Lange said: “Our data relating to 2024 shows that the ocean hull and cargo markets have been relatively stable with little positive development. The offshore energy sector continued to struggle…
South Africa-Europe Route Could Run on Green Ammonia by 2029
Ammonia-fuelled bulk carriers could be deployed on the South Africa-Europe iron ore trade route as soon as 2029 and scale toward full decarbonisation by 2035, according to a Global Maritime Forum study released last week.The study found that announced green ammonia projects could meet the corridor’s fuel demand competitively and that Saldanha Bay could emerge as a long-term green bunkering hub, supporting…
US Sets Global LNG Export Record
The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG.The U.S. exported a record 10.1 mmt of the liquid fuel in October, up from a revised figure of 9.1 mmt in September, LSEG data showed.Already the world's largest LNG exporter, the U.S. has been ramping up sales with four record-setting months in 2025.
Chemical Tanker Attacked Off Somalia
Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said.If confirmed, this would be the first Somali piracy attack against a merchant ship since May 2024, raising risks for critical energy and goods transported through the region…
US Wants Sanctions on Seven Vessels Over North Korea Exports
The United States will in the coming days ask a U.N. Security Council committee to impose sanctions on seven ships suspected of violating U.N. sanctions on North Korea, a State Department official said on Monday.The seven vessels have illegally exported North Korean coal and iron ore to China, which traditionally earns Pyongyang between $200 million and $400 million a year, said the U.S. official, speaking on condition of anonymity."These nominations are not just bureaucratic exercises.
Damen Delivers Cargo Vessel to Reederei Gerdes in Vietnam
On October 7, Damen Shipyards Group delivered its latest Combi Freighter (CF) 3850 to family owned German shipping company Reederei Gerdes. The delivery of the vessel, named Holger G, took place during a ceremony at the Bason Shipyard in Vietnam. The vessel is named Holger G. Damen’s CF 3850 represents the latest generation in the shipbuilder’s cargo vessel portfolio. The vessel design has been optimized for modern operations and features optimal efficiency and maximum cargo capacity.
The Great Lakes BWMS Regulation Scrum
There hasn’t been an invasives species introduced to the Great Lakes from ballast water since 2006. So, what’s the problem now?As far as Transport Canada is concerned: “Scientific sampling to date consistently shows that ballast water management systems (BWMS) used in the Great Lakes reduce organism densities in ballast water discharges by over 99%, consistent with global evidence. As crews gain experience in operating these systems…
How Life Extension and Conversion Redefines “Born Again” in U.S. Ship Repair
We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own. This despite…
Concordia Damen Begins Refit Project for Reederei Deymann Cargo Vessel
Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland shipping companies, for the extensive refit of a dry cargo vessel Hirschhorn. The vessel recently arrived at the Concordia Damen yard in Werkendam, where the transformation project has now started. The refit involves the complete renewal of the aft ship. Originally equipped with a single engine, single propeller shaft and an outdated living and wheelhouse arrangement…
Damen Shiprepair Brest Completes 50th Cruise Ship Retrofit
Damen Shiprepair Brest has just marked the conclusion of its 50th cruise ship project since becoming part of the Damen Shipyards Group in 2012. The Brest yard, home to one of Europe’s largest docks and strategically located near the English Channel, is at the forefront of sustainable change delivering green refits for cruise ships. Through its work, the yard enables customers to benefit from enhanced efficiency…
QatarEnergy, ExxonMobil Executives Threaten European Exit Under Imposing Climate Regulation
Executives at two of Europe's top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue.Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi that the EU's Corporate Sustainability Due Diligence…
Assailants Attack Tanker in Suspected Somali Pirate Strike
Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said.If confirmed, this would be the first Somali piracy attack against a merchant ship since May 2024, raising risks for critical energy and goods transported through the region…
Fortescue’s Ammonia-Fueled Green Pioneer Arrives in Belém Ahead of COP30
Fortescue’s Green Pioneer has arrived in Belém, Brazil, to send a message to COP30 participants that collaboration between industry and regulators is the key to unlocking zero-emission shipping.The 75-meter vessel has now visited three continents this year, following stops in London, Rotterdam, Monaco, Boston and New York.During its global voyage, the Green Pioneer has achieved several milestones, including becoming the first vessel to sail on ammonia in international waters.
Wallem Group Celebrates a Century Headquartered in Hong Kong
Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters to Hong Kong.The celebrations will be marked by a special event on November 12, 2025 in the presence of Guest of Honour Hong Kong Finance Secretary, commemorating 100 years since the relocation—22 years after Norwegian shipbroker and agent Haakon Wallem formed Wallem & Co. in 1903.By 1925, Haakon had earned the nickname "Typhoon Wallem…
Seatrium Divests Non-Core Platform Supply Vessels For $59.7m
Seatrium Limited has announced that it has entered into a binding agreement with Brazilian vessel operator, Posidonia Shipping and Trading Ltda, an unrelated third party, to sell 100% equity interest in its indirect wholly-owned subsidiary, Guanabara Navegação Ltda (GNL). GNL is a special purpose vehicle that owns two units of platform supply vesselsThe total consideration for the sale of GNL is $59.7 million.
25% of Maritime Suppliers Show Cyber Red Flags as Shipowners Boost Due Diligence Requirements
More than a quarter of maritime parts and service suppliers have been identified as having high or very-high cyber vulnerabilities, according to new data from Achilles Network. Through Procureship’s integration with Achilles, shipping companies can now access Achilles’ verified ESG and cyber indicators directly inside their procurement workflows, giving them immediate visibility of verified supplier credentials.The long-term partnership between Procureship and Achilles…
30 New Alternative-Fueled Vessel Orders Placed in October 2025
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 30 new orders for alternative-fueled vessels were placed in October 2025.Of these, 26 were LNG-fueled vessels, all coming from the container segment.The remaining four orders were for methanol-fueled vessels, with three of these in the tankers segment.A total of 222 orders for alternative-fueled vessels were placed in the first 10 months of 2025, just under half (52%) of orders placed in the same period in 2024.
WMU Graduation Ceremony 2025
On November 1, the latest cohort of the maritime and oceans leaders graduated from the World Maritime University (WMU). The Class of 2025 has received the education required to contribute to maritime and oceans issues in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs). The overall number of WMU graduates now exceeds 6,600 from 171 countries. Welcome remarks were delivered by WMU President, Professor Maximo Q.
Global Partnership Launches International Maritime Future Technologies Innovation Center
Lloyd’s Register (LR), in collaboration with COSCO Shipping Group, Shanghai Jiao Tong University and the University of Southampton, has established the International Maritime Future Technologies Innovation Center.The new virtual center aims to advance research and development in low- and zero-carbon maritime technologies, intelligent ship systems and digital innovation.The center will serve as a global platform for collaboration between industry and academia…
