Business

The International Propeller Club (IPC) of Norway is putting wind in the sails of chosen charity Windjammer after hosting its first New Year Gala Dinner where it raised over Nkr140,000 for the Norwegian organization dedicated to helping young people find purpose by experiencing life at sea. The prestigious black-tie event, staged in Oslo on 29 January […]

Three additional bodies of victims from the lost ferry Trisha Kerstin 3 have been recovered near Basilan, bringing the number of confirmed fatalities to 40 people, the Philippine Coast Guard confirmed on Sunday. The bodies were found in the water near Baluk-Baluk Island and Lantawan Island, not far from the site of the sinking. One […]

The commander of the regular Iranian navy (Nedaja) Rear Admiral Shahram Irani has announced that Iran will once again host Chinese and Russian naval vessels in Exercise Maritime Security Belt 2026, to be held in the northern Indian Ocean in late February.  There have been no confirmatory announcements as yet from the Chinese and Russians, […]

Last week, in our annual forecasting opinion (“A Fool’s Game?”), we prognosticated that the tanker orderbook will decline in 2026. We are still early…

On Saturday, the U.S. Coast Guard suspended its search for the missing crew of the fishing vessel Lily Jean, which disappeared about 25 miles off the coast of Massachusetts on Friday morning. “The decision to suspend the search was incredibly difficult. Our thoughts and prayers are with all the family members and friends of the […]

Swan Defence and Heavy Industries Limited (SDHI), located in India, confirmed that it has received its first shipbuilding order as part of the revitalization of its operations. The order, which comes from a European shipowner, is both the country’s first for a chemical tanker and aligns with India’s ambitions to develop into a leading global […]

Inspection reports across much of the commercial fleet paint a reassuring picture. Fire detection systems are operational, fixed firefighting systems are in good working order, equipment is serviced on time and instructions are correctly posted. On paper, vessels are doing what is required of them. The problem is that paper compliance is increasingly being mistaken […]

[By Jiang Mengnan] China has joined Chile and Belgium in competing to host the secretariat of the High Seas Treaty. The landmark UN agreement, which entered into force earlier this month, will govern the parts of the ocean located beyond national jurisdictions. China wants the city of Xiamen, on its southeast coast in the province of […]

At a time when Canada is prioritizing development of Arctic infrastructure, a new port and railway project in Baffin Island has received construction approval. The project, Steensby Railway, is a critical component of expanding production in the Mary River iron ore mine in the northern Baffin Island. The iron ore mine is one of the […]

OceanScore, a provider of commercial compliance solutions for maritime emissions regulations, has reached $5 million in annual recurring revenue (ARR). The milestone reflects growing demand from shipowners, managers, ports, and financial institutions for structured, data-based systems to manage the commercial consequences of EU ETS, FuelEU Maritime, and other emerging regimes. OceanScore’s growth has been driven by […]