Category: News Content Hub

Seatrium refit of LR1 is Japan’s first onboard carbon capture system Singapore shipbuilding group Seatrium has delivered a refitted tanker to MOL with the first CO2 capture system in Japan’s merchant fleet Riviera Go to rivieramm

CMA CGM promises Trump US$20Bn in investment, US-flagged fleet expansion CMA CGM owner Rodolphe Saadé met with US President Trump in the Oval Office to announce investments in US port infrastructure, logistics networks and growth of its US-flagged subsidiary American President Lines Jamey Go to rivieramm

Svitzer sees strong growth in first year after separation from Maersk Danish tug owner demerged from AP Møller-Maersk ownership and listed on the Nasdaq Copenhagen stock exchange in April 2024 Martyn Go to rivieramm

ABS approves digital remote DP surveys Technology enables shore-based surveyors to assess data from DP systems during annual surveys Martyn Go to rivieramm

Capesize specialist Seanergy posts record profit, signals bullish market outlook The US-listed owner delivered a strong financial performance, with Stamatis Tsantanis expressing confidence in Capesize fundamentals Georgios Go to rivieramm

Major port terminal deal follows Trump’s Panama Canal squeeze BlackRock, in co-operation with MSC, will acquire a major port terminal portfolio from CK Hutchison, including terminals targeted by Donald Trump Georgios Go to rivieramm

Ireland approves FSRU-based ‘strategic gas emergency reserve’ “Our exposure to potential disruption to gas supplies presents a significant risk to our energy security,” says Minister for Transport, Environment, Climate and Energy Jamey Go to rivieramm

Powerful simulation tools can increase safety and shape a ship’s decarbonisation journey ABS vice president, technology, Dr Gu Hai discusses how the class society is advancing new fuels and new technologies, while mitigating risk using powerful simulation technology John Go to rivieramm

Greeks lead dry bulk sales, accounting for 40% of 2025 transactions Just last week, Greek owners reportedly divested four Panamax vessels, with an average age of 22 years Georgios Go to rivieramm

Combined insurance streamlines vessel incident response A one-stop shop for small, specialist vessels offers advantages that are likely to strike a chord with tug owners and brokers Martyn Go to rivieramm

CMB.TECH acquires Fredriksen’s stake in Golden Ocean: strategic deal sending mixed signals for dry market The news, which took the industry by surprise, highlights a shifting dynamic between these two prominent shipowners Georgios Go to rivieramm

Microsoft, LR partner on AI-driven push for use of nuclear technology in maritime Artificial intelligence will be applied to bridge the gap between terrestrial and maritime applications of nuclear power Martyn Go to rivieramm

Port of Cromarty Firth secures funding for floating wind plan Major investment from FLOWMIS will help Scottish port secure match funding to manufacture floating wind turbines David Go to rivieramm

Japanese heavyweights join collaborative digital twin project Japanese maritime organisations intend to use digital twins to improve ships’ operational efficiency Martyn Go to rivieramm

Under pressure: as complexity of emissions compliance builds, costs of decarbonisation rise An ageing fleet, high newbuild costs, low charter rates and increased regulatory burdens require owners to carefully plan their decarbonisation steps, says ABS vice president, South Pacific regional business development, Arnab Ghosh John Go to rivieramm

A challenging path to pre-war trade flows for Russia and Ukraine Russia’s war in Ukraine has significantly impacted on both Ukrainian grain flows and Russia’s own coal exports Georgios Go to rivieramm

Now open: a digital ‘one-stop shop’ for green ship recycling Star Asia Shipbroking chief executive Rohit Goyanka details Bid for Green, a new digital platform that brings transparency and reduces the complexity of responsible ship recycling John Go to rivieramm

BP strategy reset includes ramp up in oil and gas spending, review of lubricants business Promising ’long-term shareholder value’, the UK energy major will cut more than US$5Bn per year from investments in renewable and low-carbon fuels and technologies Jamey Go to rivieramm

Yasa Shipping deploys digital platform to optimise navigation Information enables the Turkish shipowner to improve ship voyages and compliance with environmental regulations Martyn Go to rivieramm

New windfarm acclaimed as a ‘major milestone’ for Taiwan’s offshore wind sector 640-MW Yunlin offshore windfarm has been inaugurated by partners Skyborn and Yunneng David Go to rivieramm

Advancing CO2 shipping in Asia-Pacific Japan, South Korea, Singapore, Malaysia, Indonesia, Australia, and Brunei are shaping the future of CO2 shipping in APAC, but clear regulations and investment are critical to unlocking its potential, noted a recent report Craig Go to rivieramm

US-proposed port fees could ‘fundamentally’ reshape global trade, says Euroseas’ Pittas Aristides Pittas reflected on recent developments regarding tariffs and proposed fees on Chinese-built vessels Georgios Go to rivieramm

Finland releases tanker suspected of undersea cable damage Eagle S, a tanker suspected of damaging subsea cables with its anchor in the Gulf of Finland, has been released, while some crew remain in Finland Riviera Go to rivieramm

MAN engines ordered for Svitzer tug newbuilds in China Four TRAnsverse tugs will be built with two high-speed, four-stroke main diesel engines Martyn Go to rivieramm

COSCO plans fresh MPP carrier order worth over US$600M COSCO is reportedly close to doubling its 15-vessel orderbook at Chinese shipyard Fujian Mawei Shipbuilding Georgios Go to rivieramm

US port fees plan shines spotlight on China’s dominance in shipbuilding and shipowning “To say it would be disruptive is an understatement”: shipping analysts react to US plan proposing millions in fees on Chinese-built vessels Georgios Go to rivieramm

Acquisitions, new regulations and new ships under management are in the spotlight Acquisitions, new regulations and new ships under management are in the spotlight Rebecca Go to rivieramm

Bulk carrier market faces bizarre pricing trends amid volatility Ultramax and Handysize ships command prices equal to or higher than post-Panamax vessels in an unusual bulk carrier market Georgios Go to rivieramm

WinGD’s first methanol-fuelled engine set for delivery The 10-cylinder, 92‑bore X-DF-M engine is the biggest methanol-fuelled engine built, to date Riviera Go to rivieramm

Costamare to spin-off dry bulk business, targeting ‘pure-play’ investments Costamare Bulkers will become an international owner, holding the group’s bulk carriers and managing the CBI operating platform Georgios Go to rivieramm

Singapore’s second-generation zero-emissions vessels take shape at Marinteknik Shipbuilders Singaporean shipyard has orders for two all-electric light cargo transfer vessels, and is looking to the future with hydrogen fuel-cell power John Go to rivieramm

Electric e-foiling technology on the rise in ferry sector A trio of new vessels in the UK will use e-foiling technology. The technology provider explains the benefits Rebecca Go to rivieramm

ZEMBA e-fuel-focused tender now accepting bids  Zero Emission Maritime Buyers Alliance’s latest tender is focused on stimulating the first commercial deployment of e-fuels in the maritime sector Rebecca Go to rivieramm

Taiwan’s coast guard detains Chinese-crewed cargo vessel after undersea cable ‘severed’ The cargo ship involved ’was found to be a makeshift ship with Chinese capital background,’ according to Taiwan’s Coast Guard Administration Jamey Go to rivieramm

Stena Bulk, NNPC form joint venture to capitalise on Nigeria’s promising energy sector The partners are creating a robust platform that will enhance Nigeria’s position in global energy logistics Georgios Go to rivieramm

Knutsen upgrades oil and gas tanker fleet communications A hybrid network with two Starlink terminals and VSAT will be installed on 78 tankers and gas carriers Martyn Go to rivieramm

Tonne-mile growth and congestion: Star Bulk discusses grain trade disruptions  Geopolitical tensions and trade wars were among the topics discussed during Star Bulk’s investor earnings call Georgios Go to rivieramm

UK’s 7th Carbon Budget welcomed by offshore industries Latest budget highlights key role for offshore wind, energy storage, carbon capture and storage and hydrogen David Go to rivieramm

US plan aims to charge Chinese ships up to US$1.5M per port visit The US Trade Representative agency has tabled a plan that could see Chinese-built ships charged as much as US$1.5M per visit to US ports Jamey Go to rivieramm

Greeks re-emerge as buyers in S&P tanker market, targeting MR vessels Greek buyers have been increasingly active in the secondhand tanker market, recently focusing on MR vessels Georgios Go to rivieramm

Eastern Pacific Shipping marks first move into wind-assisted propulsion EPS tanker has three non-ATEX suction sails installed Rebecca Go to rivieramm

EU, UK ramp up sanctions against Russia, targeting more than 100 vessels Vessels are alleged to be ’part of the shadow fleet or contributing to Russia’s energy revenues’ Jamey Go to rivieramm

Yiannis Kourkoulis leads newly launched shipmanagement outfit in Greece Armi Shipmanagement will initially manage the commercial operations of two Capesize bulk carriers Georgios Go to rivieramm

LNG newbuilds continue momentum into 2025 Box ship owners placed orders for 12 alternative fuel-capable ships in January, all with LNG as fuel John Go to rivieramm

Authorities investigate towline failure, tug engineroom fire Two incidents which resulted in damaged towboats, one in the UK and another in the US, are under investigation Martyn Go to rivieramm

Singapore charges ahead with decarbonising its coastal logistics ecosystem All-electric prototype supply vessel and tug advance Singapore’s ambition to have all new harbour craft operate fully electric or on green fuels by 2030 John Go to rivieramm

‘Enormous amount of work’ left to agree details, but backing for IMO GHG levy and fuel standard grows ’Predictable number of key decisions’ remain on greenhouse gas reduction measures after a week-long negotiation session at International Maritime Organization Jamey Go to rivieramm

LNG dual-fuel MSC World America completes sea trials MSC World America’s use of LNG will enable it to transition to bio and synthetic renewable LNG Rebecca Go to rivieramm

Japanese-built VLOC draws strong interest in S&P market Shipbrokers highlighted the reported transaction as the standout sale of the week, valuing the vessel at US$37M Georgios Go to rivieramm

GasLog adopts digital engine analysis to improve LNG carrier reliability Greek shipowner will use analytics to enhance engine performance and data-driven maintenance to reduce downtime Martyn Go to rivieramm

Costamare confirms Konstantakopoulos’ foray into offshore vessel sector Costamare’s head is among the first Greek shipowners to expand into the offshore vessel sector Georgios Go to rivieramm

Navigator Gas boosts ethylene carrier portfolio amid growing demand Navigator Gas stated these newly acquired vessels will complement the increased export capacity from its export terminal joint venture Georgios Go to rivieramm

Analysts predict further declines in bulk carrier values Dry bulk owners considering investing in secondhand tonnage may see prices continue to fall in the coming weeks Georgios Go to rivieramm

US escort tugs named in Texas Bay-Houston Towing christened two tractor tugs built to escort ships into Texas terminals Martyn Go to rivieramm

Sumitomo steps in to Estonian offshore wind market Sumitomo Corp to take stake in Enefit Green’s offshore windfarm in Gulf of Riga David Go to rivieramm

Solstad Offshore tests biodiesel in AHTS sailing to Brazil Norwegian OSV owner puts HVO to the test to demonstrate how existing measures can effectively reduce CO2 emissions John Go to rivieramm

Brittany Ferries’ newbuilds have world’s biggest marine batteries installed Guillaume de Normandie has finished sea trials and will operate on the Portsmouth–Caen route Rebecca Go to rivieramm

MAN’s dual-fuel methanol engine passes class test in China New engine model is designed for use as a genset and for diesel-electric propulsion, as well as to be paired with the company’s methanol-fuelled, MAN B&W ME-LGIM two-stroke engine Riviera Go to rivieramm

LNG fuel pump sector consolidates with major acquisitions DESMI’s acquisition of Nordan Marine and Svanehøj’s takeover of European Pump Services signal growing consolidation in the LNG cargo and fuel pump sector Craig Go to rivieramm

ADNOC L&S CFO details growth strategy amid market complexities ADNOC Logistics & Services is pursuing an ambitious, but measured expansion strategy focused on long-term contracted revenue streams, while maintaining a conservative financial approach amid ongoing market uncertainties Edwin Go to rivieramm

Three months to merge Boluda Towage with MSC’s MedTug A merger between the two major tug owners will produce the world’s largest fleet supporting ships in ports Martyn Go to rivieramm

Altera Shuttle Tankers rebrands, enters new era under Angelicoussis Group Maran Shuttle Tankers will rank as the second-largest shuttle tanker operator worldwide Georgios Go to rivieramm

Biofuels’ net GHG emissions could be double traditional fuels’ without IMO policy changes Deforestation-linked palm oil and soya biofuels “two to three times worse for the climate than traditional shipping fuels,” according to new report Jamey Go to rivieramm

OSV roundtable: digital integration tests fleet mergers OSV industry leaders highlighted cyber-security vulnerabilities, integration challenges, and data management complexities as major obstacles in vessel digitalisation efforts at an Inmarsat-hosted roundtable in London Edwin Go to rivieramm

Centrofin tied to US$143M deal for Enesel’s LR2 vessel pair A reported all-Greek tanker deal has made headlines, as Enesel offloads two modern LR2 tankers, with Centrofin linked to the purchase Georgios Go to rivieramm

Video: power outage reported as MSC container ship grounds off Newfoundland The Canadian Coast Guard said all crew have been safely airlifted from the stricken vessel by helicopter Jamey Go to rivieramm

The changing face of fleet performance As regulatory pressures mount and digitalisation reshapes maritime operations, CMB.TECH’s Gökay Yayla discusses fleet efficiency, performance monitoring, and data-driven decision-making Craig Go to rivieramm

Marin Tug adds newbuild to Turkish port fleet  A Bogacay-class harbour tug with 70 tonnes of bollard pull was delivered to the Istanbul, Turkey-headquartered owner Martyn Go to rivieramm

UK faces critical 18-month window for CO2 shipping infrastructure The UK must significantly expand its maritime carbon transport capabilities within the next 18 months to meet 2030 storage targets, requiring both a new fleet of specialised CO2 carriers and dedicated port infrastructure across four industrial clusters Edwin Go to rivieramm

US aircraft carrier involved in collision with bulk carrier near Suez Canal The USS Harry S Truman, which has been part of naval operations to deter Houthi violence in the Red Sea has collided with a 29,353-dwt bulker Jamey Go to rivieramm

Golar LNG sells final LNG carrier, exiting segment Following the vessel sale, Golar said it will have fully exited its legacy shipping business Riviera Go to rivieramm

Tsakos Group expands container vessel fleet with rare S&P deal While primarily focused on newbuildings for fleet renewal, Tsakos Group doesn’t pass up attractive opportunities in the S&P market Georgios Go to rivieramm

Greek owner details sanctioned tanker fleet, representing 9% of global tonnage During its Q4 earnings investor call, Navios Partners provided a detailed breakdown of the sanctioned tanker fleet Georgios Go to rivieramm

Sailing into history: ammonia engines to hit the water in 2025 The first oceangoing ships to trial two-stroke, ammonia dual-fuel engines will set sail later this year, setting the table for commercialisation of the engine technology, and potentially broader uptake of the carbon-free fuel John Go to rivieramm

Panama: ‘we are not a refuge for sanctions evasion’ Flag state’s maritime authority stresses improvements in ’quality’ of merchant fleet ship registry Jamey Go to rivieramm

BP starts Tiber project after deal for floating production unit A Singapore company will provide engineering, procurement, construction and commissioning for a new deepwater production platform Martyn Go to rivieramm

Regional container trade imbalances increase 33% Increasing regional imbalances point to a “larger and potentially more costly problem”, says shipping analyst Rebecca Go to rivieramm

Fredriksen’s Seatankers boosts Newcastlemax orderbook with additional pair Seatankers Management has reportedly invested US$136M for two additional Newcastlemax bulk carriers Georgios Go to rivieramm

P&O Maritime Logistics welcomes Turkish-built escort tugboat Med Marine has delivered an escort tug to the DP World subsidiary Martyn Go to rivieramm

Testing underway on UK’s first CO2 capture and storage project The Poseidon project marked a milestone with the first test of the process to inject carbon dioxide into subsea sequestration areas offshore UK Riviera Go to rivieramm

Norse Wind, Havfram’s first offshore installation vessel, launched Norse Wind is due to be delivered later in 2025 and will be able to install next-generation turbines and XXL monopiles David Go to rivieramm

NYK inks first time charter deal for ammonia-fuelled medium gas carrier The Japanese shipowner has concluded a time charter agreement with ’clean ammonia’ distributor Yara Clean Ammonia on a vessel set for delivery in November 2026 Riviera Go to rivieramm

BOA Tugs welcomes pair of ice-class tugboats in Norway Two Damen-built ice-class tugboats enhance coastal and harbour towage and emergency response in northern Norway Martyn Go to rivieramm

Pair of newbuild mooring vessels strengthen Indonesian LNG terminal operations Mooring boats will support LNG carriers at the terminal in West Nusa Tenggara Martyn Go to rivieramm

Brazil’s dry bulk trade set to be disrupted by latest US tariffs Around 75% of Brazilian steel exports to the US are transported on Supramax and Ultramax vessels Georgios Go to rivieramm

Hanwha Ocean to build US$504M LNG carrier pair for new shipowning subsidiary Hanwha Shipping was launched in April 2024 with the aim of serving as a platform for eco-friendly and digital ship technologies Georgios Go to rivieramm

Greek shipowners hold 17% of global orderbook, with majority built in China The Greek orderbook now comprises 589 vessels with a total carrying capacity of 56M dwt Georgios Go to rivieramm

Maersk’s connectivity upgrades turn container ships into floating offices Satellite communications will be upgraded across Maersk’s global fleet Martyn Go to rivieramm

IWS CSOV named 2025 offshore energy vessel of the year Designed by Kongsberg Maritimne, the commissioning service operation vessel IWS Seawalker has several ‘industry firsts’ Riviera Go to rivieramm

Greece’s Evalend tied to US$370M order for four LNG bunker vessels Kriton Lendoudis has reportedly expanded into the LNG bunker vessel sector, following previous orders for LNG carriers Georgios Go to rivieramm

Melina Travlos celebrates Greek shipping achievements after winning UGS re-election as president Melina Travlos will serve a second term as president of the Union of Greek Shipowners Georgios Go to rivieramm

DP technology developed for advanced towage Offshore and marine construction structures could be towed, manoeuvred and positioned automatically using dynamic positioning on the towed structure Martyn Go to rivieramm

Costamare cautious on Red Sea reopening as revenues hit US$2Bn  US-listed shipowner navigated 2024 with strong profitability while securing a high level of charter coverage for its fleet Georgios Go to rivieramm

Source Galileo, Portland Port plan offshore windfarm off south coast of England 2-GW PortWind project would be built off the coast of Dorset David Go to rivieramm

ABS approves novel floating wind platform developed by Aikido Tests have demonstrated the platform’s ability to quickly deploy into an upright, floating configuration David Go to rivieramm

Russia’s dry bulk exports under pressure amid sanctions and adverse weather conditions Analysts predict lower export volumes this year, particularly in coal and wheat shipments Georgios Go to rivieramm

Olympic Subsea orders ‘world’s most energy efficient’ construction vessels Norwegian owner orders two subsea construction support vessels from Chinese shipyard based on new Kongsberg Maritime design John Go to rivieramm

World Shipping Council urges EU to foster sector’s competitiveness  WSC calls for EC to support liner shipping with decarbonising supply chains on the back of the newly released Competitiveness Compass Rebecca Go to rivieramm

Navios Partners received a dozen newbuildings in major fleet renewal push The US-listed shipowner took delivery of 12 vessels in 2024, including three Aframax/LR2 tankers and nine 5,300-TEU container vessels Georgios Go to rivieramm

Europe must rethink its approach to energy supply Embracing energy abundance requires Europe to expand its small-scale LNG fleet to ensure flexible, efficient, and resilient energy distribution, writes Small Scale LNG consultant, Eduardo Perez Orue Eduardo Go to rivieramm