Top News



  • NorthStandard to provide first ever Strike & Delay cover for adverse weather

    NorthStandard’s Strike & Delay class has introduced Weather Cover into its suite of risks, providing shipowners and charterers with the first ever marine insurance protection to mitigate the threat posed to ships solely by adverse weather conditions.

  • ICE Digital Trade announces IG P&I Approval for Local Law eB/L Solution

    ICE Digital Trade, a part of Intercontinental Exchange, Inc. (NYSE: ICE), announced that its ICE CargoDocs Local Law eB/L solution has received approval by the International Group of P&I Clubs (IG), representing the 12 Protection and Indemnity (P&I) Clubs which insure 90% of the world’s ocean-going tonnage. The approval means that ICE Digital Trade can support eB/Ls governed by the law of any country which has enacted the Model Law on Electronic Transferable Records (MLETR) or equivalent, without the need for all participants to have signed its multilateral DSUA. The announcement is preceded by the recent issuance of IG P&I circulars to Club members, confirming the approval (a sample of which can be found here).


  • New CII clause – advice to owners and charterers

    BIMCO has just issued a new Carbon Intensity Indicator (CII) clause for voyage charterparties. Here are the main issues owners and charterers should be aware of.


Oil & Gas

  • AD Ports Group Expands Shipping Operations in Kazakhstan...

    AD Ports Group in collaboration with KazMorTransFlot (KMTF), national shipping company of Kazakhstan, fully-owned by the national Kazakhstan oil company – KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan's oil across the Caspian Sea.


  • New Fortress Expects LNG from Mexico Altamira FLNG by Year-...

    U.S. energy company New Fortress Energy NFE.N expects to produce the first liquefied natural gas (LNG) at its Altamira export plant in Mexico by the end of the year, it said on Wednesday.


  • Guyana Says Another 'Significant Discovery' Made...

    An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a "significant discovery" of oil and gas, the South American country's energy ministry said on Thursday.


  • Pemex Agrees 7.82% Hike in Wages, Benefits with Union

    Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.


  • Suspected Leak Forces Shutdown of Strategic Gas Line Under...

    Natural gas utilities in Estonia and Finland have had to shut down a subsea gas pipeline under the Baltic because of a suspected leak, operator Elering said in a statement Sunday. 


  • ADNOC Partners with EDGE to Use UAE-made Drones to Minimize...

    ADNOC has announced a partnership with EDGE Group PJSC (‘EDGE’), one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations.


  • MSC’s Offer to Acquire Hamburg’s Port Operator HHLA Proceeds to Next Phase

    MSC Mediterranean Shipping Company has reached another key step in its proposed investment in HHLA (Hamburger Hafen und Logistik Aktiengesellschaft) which operates the port of Hamburg. The first phase of the tender offer process was completed on November 20 and is now moving into a mandatory second phase which runs until December 7 with the company reporting good progress to complete the proposed acquisition.


  • Container Imports Volumes Defy Projections, But Retailers See Q4 Declines

    Container import volumes at U.S. ports accelerated into the fall this year defying most expectations and historical peak season declines despite many reports of weak volumes and falling rates. The monthly data from logistics technology platform provider Descartes Systems Group points to surprising strengths while the National Retail Federation is warning that retail imports have likely peaked for 2023.


  • Adani Gangavaram Port enhances infrastructure by inducting new cargo handling...

    Adani Gangavaram Port announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment. The step is a part of Adani Gangavaram Port strategic investment plan to enhance capacity and productivity at the port. The cargo handling equipment’s include 2 new Grabs (capacity – 46 CBM each) & 2 new Cargo Hoppers (capacity – 60 MTs each). With a capital outlay of INR 6 Crores the new equipment’s will augment port capability to handle cargo with efficiency and result in shorter turnaround time.



  • Bankrupt Retailer Bed Bath & Beyond Says MSC Owes it $315M in Compensation

    Bankrupt former retailing giant Bed Bath & Beyond is continuing its battle against the shipping industry which it blames as a key contributor to the demise of its business. The company closed down earlier this year and as it works to resolve the creditor claims it is once again turning to the Federal Maritime Commission. This time it filed a whopping $300 million claim against MSC Mediterranean Shipping Company seeking compensation for the increased shipping costs and detention and demurrage charges the company incurred in 2020 and 2021 and now also for lost profits.


  • Colombia Speeds Up Plan to Raise "Holy Grail" Wreck's $20B...

    The Colombian government has launched an effort to recover the lost treasure of the Spanish galleon San José, the "Holy Grail of shipwrecks." The galleon went down in the 18th century and is believed to hold up to $20 billion worth of gold and jewels, but its fate has been caught up in litigation. 


  • Prysmian Group Inks €900 Million Cable Systems Deal with Clean Path New York

    Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States.



  • ABB to power new Spanish Navy submarine rescue...

    ABB has secured an order with Spanish state-owned shipbuilding company Navantia to supply the Spanish Navy’s forthcoming submarine rescue vessel, Poseidon, with high-performance, DC-based power and distribution. Following the delivery scheduled for 2026, the vessel will be the first of its kind equipped with this system., The ship will be responsible for executing and supporting submarine missions, including diving operations, intervention and rescue in accidents and shipwrecks and underwater surveillance, including protection of cultural heritage.


  • Gibdock extends sustainability skillset to...

    A seamless application of shipping’s first antifouling coating to successfully integrate highly durable graphene provides further evidence that Gibdock’s remains ahead of the curve as a shiprepair and conversion yard geared up for the sustainable maritime future.

  • Team Electric expands in Poland with Remontowa...

    Team Electric has signed an agreement with Remontowa Shiprepair Yard, Gdansk to provide electric systems consultancy and installation services for three Polsteam Ro-Pax ferries, in support of the project marking the extension of the Polish yard’s services to the newbuilding market. The three-year agreement coincides with the Finnish turnkey engineering solutions provider opening Team Electric (Poland), Gdynia as a subsidiary.

  • DonJon-SMIT Refloats Grounded Cargo Ship Bonnie G

    Salvors have successfully refloated the inter-island cargo ship Bonnie G from a coral shoal just off St. Thomas in the U.S. Virgin Islands. 


  • ABB and Carnival Corporation sign strategic...

    ABB and Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) have signed a long-term partnership agreement to collaborate on continued operational excellence and ship performance across the cruise company’s fleet using systematic maintenance planning, critical spares management, and cutting-edge digital solutions for condition monitoring. The contract was booked in Q3 2023.

Legal & Regulations


  • Maersk Commits to Large, Green Methanol Offtake Deal with China’s Goldwind

    Maersk signed what the company is calling a milestone deal for the offtake of green methanol fuel from China for its fleet. It is the latest in a series of steps the carrier has taken over the past few years to build a global supply chain for green fuel as it prepares to launch its first class of methanol dual-fueled containerships and is exploring the conversion of existing ships to the fuel.


  • IMarEST UAE champions sustainable shipping in Tanker conference

    The Institute of Marine Engineering, Science & Technology (IMarEST) UAE branch played a pivotal role in the 8th annual The Maritime Standard Tanker Conference. With a primary focus on environmental protection and sustainability, the conference explored how tanker shipping could lead in achieving the IMO’s ambitious GHG reduction targets. The theme ‘Net zero tanker shipping setting the global decarbonization agenda’ aligns well with the upcoming COP 28 Climate Conference hosted by the UAE.


  • Wallem Group makes strides in decarbonisation

    Wallem Group is proud to have welcomed two dual fuel vessels, Angleviken and Askviken, into management in the last few months. The two LR2 tankers, delivered by Guangzhou Shipyard International, demonstrate Wallem’s commitment to building its expertise in managing and operating the vessels of the future and being a partner to our clients who drive decarbonisation in the maritime industry. Wallem is also preparing to take delivery of multiple new build DF PCTC vessels in the near future.


Women in Maritime

  • Crowley Names Guthman VP of Business Development for Wind Services

    Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.


  • Indian Girl sails on Efficiency to conquer the world of hardship.

    Varsha, born as the only daughter of struggling paramedical staff parents working far away from home, was brought up by her Grandmother. With no fancy memories to remember except loneliness, books became her only companion. Despite securing 98% marks, her academic dreams seemed bleak. To get a job quickly and support her family, she decided to join the paramedical medical field like her parents. But her destiny changed when her parents got placed in Aries Group, the world's largest Ship design and inspection Firm. With an effective efficiency measuring system for their Staff and Children, Aries identified Varsha’s potential. They sponsored her to join the Naval Architecture course at Sree Narayana College, Cochin.


  • DP World’s Mervel Kotzebue-Fleur Wins ‘2023 Maritime Award of the Americas’

    Mervel Kotzebue-Fleur, General Manager of DP World Paramaribo, has been named winner of the 2023 Maritime Award of the Americas in the Outstanding Women in the Maritime and Port Sector category. The award recognizes “the leadership and dedication of an outstanding woman through significant achievements, as well as professional contributions for the development of the maritime and port sectors in the Americas.”






  • BERG Propulsion provides systems integration for...

    Berg Propulsion has been selected to provide state-of-the-art control and propulsion technology for what will be one of the largest hybrid tugs ever delivered, after owner Buksér og Berging AS (BuBe) agreed specifications with Türkiye’s Uzmar Shipyard for its latest newbuild. The project will showcase Berg’s roles as an integrator of electric propulsion technology and a supplier of high performance propulsion equipment.

  • Ahead of Schedule: ExxonMobil Guyana Takes...

    Dutch FPSO leasing firm SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. 


  • Subsea 7 Bags 'Major' Contract Offshore...

    Offshore services firm Subsea 7 confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin. 


  • HD Hyundai to Build Offshore Platform for Korea’s...

    HD Hyundai is accelerating its efforts to develop new business opportunities using its offshore expertise to develop a platform for South Korea's largest Carbon Capture and Storage (CCS) project.  The shipbuilding division notes that it participated in the construction of the offshore gas field 20 years ago and now will again play a key role in the repurposing of the field for its new role.