Industry News

Shipping Industry Faces Growing Challenges as Strait of Hormuz Disruptions Continue

Maritime Sector Under Pressure Amid Ongoing Regional Tensions The global shipping industry continues to face significant operational challenges as tensions in the Middle East impact vessel movements through the Strait of Hormuz, one of the world’s most critical maritime trade routes. Industry leaders are warning that even if geopolitical tensions ease, normal shipping operations may […]

Shipping Industry Faces Growing Challenges as Strait of Hormuz Disruptions Continue Read More »

IMO Adopts First-Ever Global Safety Code for Autonomous Ships

  The International Maritime Organization (IMO) has reached a landmark regulatory milestone with the formal adoption of the International Code of Safety for Maritime Autonomous Surface Ships (MASS Code), finalized at the 111th session of the Maritime Safety Committee (MSC 111), held from 13 to 22 May 2026 in London. The MASS Code establishes a

IMO Adopts First-Ever Global Safety Code for Autonomous Ships Read More »

UK MCA releases updated Code of Safe Working Practices

Following industry and stakeholder feedback, the Maritime and Coastguard Agency (MCA) amended the Code of Safe Working Practices for Merchant Seafarers (COSWP). While continuing to provide crucial information to the seafaring community, the code’s language, design, and structure have been modernised, making the code’s contents useful while remaining simple and obvious. The Code of Safe

UK MCA releases updated Code of Safe Working Practices Read More »

Hitachi Zosen Corporation and NYK Selected For Next-Generation Ship Development Project By NEDO

A Japanese cooperation between Hitachi Zosen Corporation and NYK has won a new research challenge to develop the equipment needed to eliminate nitric oxide (N2O) emissions when ammonia is heated and burned. As the industry anxiously awaits the introduction of ammonia as an alternative fuel to address decarbonization issues, NYK emphasizes the critical need to

Hitachi Zosen Corporation and NYK Selected For Next-Generation Ship Development Project By NEDO Read More »

South Korea Launches 1st Container Ship Built for Autonomous Operations

South Korea has launched a container ship to boost autonomous maritime operations. According to the Ministry of Oceans and Fisheries, the ship is the first oceangoing vessel for Level Three autonomous shipping. The first autonomous shipping test with this ship is planned for later this year. On Friday, Hyundai Mipo Dockyard Co. hosted the vessel’s

South Korea Launches 1st Container Ship Built for Autonomous Operations Read More »

Singapore tightens bunker fuel standards to avoid contamination

These testing modifications are designed to be implemented at the upstream supply chain level to improve system efficiencies and cost-effectiveness compared to performing them for each delivery. Following the bunker contamination incident in Singapore in February 2022, in which approximately 200 ships were supplied with High Sulfur Fuel Oil (HSFO) containing high levels of Chlorinated

Singapore tightens bunker fuel standards to avoid contamination Read More »

Maersk Tankers Forms Large-Scale Tanker Company Through Acquisition Of Penfield Marine

For an undisclosed fee, Maersk Tankers has purchased US pool operator Penfield Marine, creating a key player in the oil and product tanker industry that will oversee roughly 240 vessels. Tina Revsbech will lead the merged company, which will function under Maersk Tankers and Brand and have its offices in Copenhagen. Tim Brennan and Eric

Maersk Tankers Forms Large-Scale Tanker Company Through Acquisition Of Penfield Marine Read More »

By 2047, India Plans To Invest Rs 60,000 Cr In The Development Of Green Vessels And River Cruise Tourism

According to Union Minister Sarbananda Sonowal, the government plans to create green vessels and invest Rs 60,000 crore in river cruise tourism by 2047. He made this statement on the fringes of the inaugural Inland Waterways Development Council meeting. The plan is to invest Rs. 45,000 crores on river cruises, increasing the capacity from 2

By 2047, India Plans To Invest Rs 60,000 Cr In The Development Of Green Vessels And River Cruise Tourism Read More »

MSC Overtakes Maersk In Becoming the World’s Largest Shipping Line

According to recent data released by Alphaliner, MSC Mediterranean Shipping Company added more than one million TEUs (20-foot equivalent containers) in 2023, solidifying its status as the largest shipping line globally. At the start of 2022, MSC surpassed Maersk to become the largest shipping line worldwide. From that point on, the Geneva-based major’s leading fleet

MSC Overtakes Maersk In Becoming the World’s Largest Shipping Line Read More »

Due to security concerns, half of the container ships divert from the Red Sea, disrupting global trade

Recent data from the industry indicates that 50% of the fleet of container ships that typically cross the Red Sea and the Suez Canal has avoided the route due to the potential for attacks. 299 ships with a total capacity of 4.3 million containers have either changed their intended path or plan to do so,

Due to security concerns, half of the container ships divert from the Red Sea, disrupting global trade Read More »

Scroll to Top