INTERCARGO Bulk Carrier Casualty Report 2025: Safety Improves, But Security Threats Continue

INTERCARGO, the International Association of Dry Cargo Shipowners, reports encouraging progress in bulk carrier safety, with vessel losses and fatalities continuing to decline over the last decade. However, serious security threats in

Paris MoU Concludes 58th Committee Meeting in Sweden

The Paris Memorandum of Understanding on Port State Control (Paris MoU) successfully concluded its 58th Committee meeting in Malmö, Sweden, May 26-30, 2025. The meeting, formally opened by Ms. Pernilla Wallin, Deputy

India: Battle to Put Out Container Ship Fire Ongoing as Search for Missing Crew Continues

The fire fighting operation is ongoing onboard the Singapore-registered container vessel Wan Hai 503, off the coast of India, as search and rescue operation for the four missing crew continues.A fire broke

Infrastructure: USACE Funding Better Than Zero, But a Missed Opportunity

On May 15, the U.S. Army Corps of Engineers released its Fiscal Year (FY) 2025 Work Plan that allocated funds from the FY25 Full-Year Continuing Appropriations and Extensions Act. That bill provided

Hanwha Group gets Green Light to Increase Austal Stake

Hanwha Group received the OK from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal to 19.9% from the current 9.9%, the South Korean conglomerate said.Austal,

RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

RWE Offshore Wind has awarded two long term agreements to Clarkson Port Services to support the operations and maintenance activities at its 1.6 GW Nordseecluster offshore wind project.The Dutch division of Clarkson

Shadow and Dark Fleets: Increasing Size and Concerns

Global insurer Allianz Commercial recently issued its 2025 Safety & Shipping Review, examining maritime risk trends and losses. The report revealed that the shipping industry has made significant improvements when it comes

AAL Shipping Hits 95% of ESG Targets in 2024 Sustainability Report

AAL Shipping (AAL), a project cargo carrier, released its 2024 Sustainability Report, revealing the company has met 95% of its Environmental, Social, and Governance (ESG) objectives across global operations. The report, developed

Seatrium Picks ABB to Supply Electrical Equipment for Petrobras' FPSOs

ABB has secured a large order by Seatrium, a global provider of marine engineering solutions based in Singapore, for the supply of electrical equipment and automation solutions on a new generation of