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…
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Fully-Compliant Fire Systems May Fall Short Against Modern Risks
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…
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Indiaβs First Chemical Tanker Order Advances Shipbuilding Ambitions
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 countryβs first for a chemical tanker and aligns with Indiaβs ambitions to…
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Canada Approves Construction of an Arctic Mineral Port on Baffin Island
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…
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China Wants to Host the High Seas Secretariat
[ByΒ 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…
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OceanScore Reaches $5M Annual Recurring Revenue Milestone
OceanScore, a provider of commercial compliance solutions for maritime emissions regulations, has reachedΒ $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. OceanScoreβs…
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Stonepeak Buys 25 Percent Stake in 10 of CMA CGM’s Container Terminals
CMA CGM is launching a ports joint venture with one of the world’s largest infrastructure investors. With a 25 percent investment from Stonepeak, this new JV – United Ports LLC – will buy 10 of CMA CGM’s operated port terminals. In effect, it will give Stonepeak a minority stake in…
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Launch of the Italian Navyβs Hydro-Oceanographic Ship
The launch ceremony of the Italian Navyβs new Major Hydro-Oceanographic Ship (N.I.O.M.) named Quirinale, took place today at Fincantieriβs integrated shipyard in Riva Trigoso. Designed for scientific mapping and monitoring activities, the vessel will support the initiatives of the Italian Hydrographic Institute, strengthening the countryβs maritime research and security capabilities.…
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Signal Ocean Announces Strategic Acquisition of AXSMarine
[By Signal Ocean and AXSMarine] Signal Ocean announces the strategic acquisition of AXSMarine, a recognized leader in the maritime freight and commodities tracking space. The move reflects Signal’s commitment to advancing technology, innovation, and collaboration across the global shipping ecosystem. Signal Ocean has long held deep respect for the market…
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Birdon Announces Plans for Sixth US Location in Pensacola, Florida
[By Birdon] On Wednesday 28, January, Birdon announced plans to develop and operate a 400,000-square-foot advanced ship manufacturing facility at the Port of Pensacola, Florida. This will be Birdonβs sixth US location. In partnership with the City of Pensacola and other regional and national stakeholders, Birdon plans to establish a…