The container vessel Maersk Sana faced engine issues en route to Singapore, leading to injuries and medical evacuations. Maersk is investigating the incident to ensure future safety.
European firms surpassed Q1 2025 earnings forecasts, led by pharmaceuticals, banking, and technology. However, tariffs and weaker global growth continue to challenge industrials and discretionary sectors.
The container explosion on YM Mobility was caused by thermal runaway in a shipment of TBPB due to improper handling. This highlights the risks of transporting hazardous self-heating chemicals in hot weather.
U.S. LNG exports to the EU increased by 20% in April 2025, while Russian LNG shipments declined by 35%. Rising demand from Spain and the EU transshipment ban are reshaping the LNG trade landscape.
Japan’s first hydrogen-powered tugboat, launched by Tsuneishi Shipbuilding, reduces CO2 emissions by 60% using a dual-fuel hydrogen ICE. The vessel highlights a step forward in carbon-neutral maritime innovation.
Two injured crewmembers were evacuated from the Glomar Venture after it collided with a North Sea wind turbine. Dutch authorities are investigating the offshore incident.
The International Labour Organization’s Joint Maritime Commission has approved wage increases for seafarers, boosting minimum pay to $715 by 2028. This agreement highlights global efforts to ensure fair treatment and decent work at sea.
The IMO’s net-zero emissions framework sets mandatory limits and carbon pricing for global shipping, marking a major climate milestone. However, critics warn it lacks the ambition needed to meet key climate goals.
Louis Dreyfus Armateurs’ hydrogen-powered SOV design earns Approval in Principle, paving the way for zero-emission maritime operations and advancing sustainable innovation in the shipping industry.
Baku Shipyard unveils Azerbaijan’s first domestically built cutter suction dredger, showcasing advanced design by Damen Shipyards and marking a milestone in the nation’s shipbuilding industry.
