India maritime industry review

The keel laying ceremony for "Seven Seas Prestige", the ultra-luxury cruise ship which Fincantieri is building for Regent Seven Seas Cruises, took place at Fincantieri's shipyard in Marghera (Venice). The vessel is scheduled for delivery in 2026. Cruise industry milestone The ceremony was attended, among others, by Harry Sommer, President & Chief Executive Officer of Norwegian Cruise Line Holdings Ltd, Jason Montague, Chief Luxury Officer of Regent Seven Seas Cruises, Patrik Dahlgren, Exec...

Knutsen NYK Carbon Carriers AS, a subsidiary of Nippon Yusen Kabushiki Kaisha and Knutsen Group, has obtained Approval in Principle from ClassNK for the design of liquified CO2 carriers that use the elevated pressure method to store and transport liquefied carbon dioxide at ambient temperature. ClassNK has carried out a design review of this ship in accordance with the Rules for the Survey and Construction of Steel Ships, 'Part N', and has issued an Approval in Principle after confirming that t...

Procureship, the pioneer e-procurement platform for the global maritime industry, has signed an agreement with Shipnet. The Norwegian vessel management software provider, to bring its award-winning e-procurement service to its online maritime operation app. Shipnet and procureship unite The deal will enable all Shipnet users to access Procureship’s e-procurement platformThe deal, which was signed during Sea Asia in Singapore on 25 March, will enable all Shipnet users to access Procuresh...

Ocean Network Express (ONE) successfully hosted the fourth Container Shipping Summit in Hong Kong on 26 March 2025. In pursuit of sustainable container shipping development, the Summit brought together academic pioneers in Asia to discuss diverse challenges and encourage industry-academia collaboration to drive change and innovation towards a sustainable future. Implementing growth strategies Yasuki Iwai, Global Chief Officer - Head of Corporate and Innovation of ONE, delivered the opening re...

STAR Information Systems (STAR) is proud to announce the successful signing of an agreement to acquire Arribatec Marine (Infoship), a pioneering provider of fleet technical management solutions. This acquisition strengthens STAR’s presence in the maritime software market and represents an important step forward in the growth journey. Digitalisation within maritime sector Infoship built a strong reputation in supporting digitalisation within the maritime sector Found...

As part of Singapore Maritime Week, DNV has awarded Marine Design and Research Institute of China (MARIC), Approval in Principle (AiP) for their new wide beam ammonia-ready Kamsarmax bulk carrier. The vessel has a shallow draft for flexible port calls, as well as being WAPS (wind-assisted propulsion system) ready. Greenhouse gas reduction goals Green ammonia is emerging as a strong candidate for climate-neutral fuel for shipping Green ammonia is emerging as a strong candidate for the climate...

The Maritime and Port Authority of Singapore (MPA) and the American Bureau of Shipping (ABS) have renewed a multi-year Memorandum of Understanding (MOU) to strengthen collaboration in research and development, talent development, workforce upskilling, support for startup maritime businesses, and regulatory alignment. This renewal, signed now, marks a comprehensive and future-oriented collaboration that continues to strengthen Singapore’s role as a global maritime hub while advancing ABS&r...

ABS, in collaboration with pioneering players in the maritime industry, has joined an ambitious initiative from the Massachusetts Institute of Technology (MIT) to tackle challenges facing global shipping. The MIT Maritime Consortium unites academia and industry to support the development of cutting-edge technologies that aim to transform the sector, including alternative fuel and new nuclear technologies, data-powered strategies for efficient operations and decision making, autonomy and cyberse...

At the Undersea Defence Technology conference, thyssenkrupp Marine Systems and Ulstein Verft signed a Letter of Intent for joint efforts to deliver the next, advanced frigates to the Royal Norwegian Navy. The 2024 Fleet Plan outlines that Norway will acquire five or six frigates to replace the Fridtjof Nansen-class frigates. Potential candidates include the British Type 26, the German F127, the American Constellation-class, and the French FDI. German-Norwegian industrial cooperation thyssenkr...

Ammonia is gaining traction as a future fuel in the maritime industry, primarily due to its potential to significantly reduce greenhouse gas emissions. A key driver for ammonia's interest is that it can be carbon-free when combusted, which aligns with the maritime industry's increasing pressure to meet emissions regulations. However, most ammonia production currently relies on fossil fuels. Transitioning to "green ammonia" production is crucial for sustainability. If "green ammonia" is produced...

President Donald Trump has already made plenty of headlines since taking up his second term in the White House, including with the announcement of numerous new tariffs on imports. The 47th United States President issued three executive orders on February 1st 2025, just days after his inauguration, which directed the US to impose an additional 25 percent ad valorem rate of duty on imports from Canada and Mexico, as well as ten percent on imports from China. How Trump’s 2nd term...

The shipping industry is currently navigating a profound transformation driven by environmental concerns, new emissions targets, and evolving regulations. As vessel owners and operators seek to reduce emissions while remaining competitive, determining the right strategy has become increasingly complex. Factors such as alternative fuel availability, fluctuating prices, and an ever-expanding range of technological solutions have made decision-making anything but straightforward. Lack of motivat...

The Dark Fleet refers to a network of vessels that operate outside of standard maritime regulations, often used to transport sanctioned goods such as oil. These shadowy vessels are also referred to by terms such as Parallel Fleet and/or Shadow, Gray or Ghost fleet. The terms are all manifestations of the same thing – ships that are owned, structured, and operated to avoid exposure to sanctions. Fleet of ships “In fact I would prefer that we use the term Parallel Fleet because it m...

More than almost any trend, decarbonisation is driving the future of maritime. That reality alone makes decarbonisation the perfect topic for our first-ever Expert Panel Roundtable column. Traditional maritime fuels, like heavy fuel oil, release harmful pollutants that contribute to air pollution and have adverse health effects. We have to do better, and discussions in the maritime industry centre on which combination of alternative fuels and other technologies can solve the shorter- and longer-...

Carbon capture and storage (CCS) can contribute to decarbonisation of the maritime industry, especially when combined with other approaches. CCS allows ships to continue using fossil fuels while capturing and storing the emitted CO2. It’s a helpful interim approach if a vessel’s immediate transition to alternative fuels is not feasible due to infrastructure limits or technology constraints. CCS can extend a vessel’s operational lifespan, both reducing emissions from existing v...