United States of America (USA) News

ABS CEO envisions future of U.S. nuclear shipbuilding

New nuclear reactor technology represents a once-in-a-generation opportunity for U.S. industrial policy. Vessels propelled by advanced small modular reactors (SMR) could act as a catalyst for the revitalisation of U.S. shipbuilding. That is the view of ABS Chairman and CEO Christopher J. Wiernicki, who believes the next step is the development of a marinised SMR demonstrator. New industrial policy “It is a key transformational technology. It changes the commercial model, the economics o...

Advancing sustainable shipping at TMS Conference 2025

The TMS Ship Finance and Trade Conference 2025 brought together global industry pioneers, financial experts, and policymakers for transformative discussions on the future of maritime trade, finance, and sustainability. The conference served as a vital platform for addressing key challenges, exploring financial innovations, and advancing sustainability-driven solutions for the maritime sector. Challenges for maritime decarbonisation Al-Maghafi cautioned that these changes might slow sustainab...

ABB's generator to enhance LNG carrier efficiency

ABB has secured orders from shipbuilders in China and South Korea to equip 18 and 12 liquified natural gas (LNG) carriers, respectively, with permanent magnet shaft generator technology. The ships are due for delivery between 2028 and 2030. Enhancing operational efficiency by utilising the power from the main engine, ABB’s permanent magnet shaft generator system improves fuel economy compared to solutions where power is provided by auxiliary engines. Magnet shaft generator solution The...

ClassNK teams with OceanScore for emission compliance

A collaboration agreement has been signed between classification society ClassNK and maritime data and technology firm OceanScore to link the latter’s integrated solution for ClassNK ZETA (Zero Emissions Transition Accelerator) that enables users and related stakeholders to access visualised MRV/DCS data. Shipping companies using the ClassNK ZETA service will gain seamless access to OceanScore’s market-pioneering Compliance Manager under the agreement, which was inked on 20 January...

NorthStandard reports strategic marine insurance growth

NorthStandard has finished a challenging year for global marine insurance, reporting an increase in poolable tonnage and continuing progress towards meeting its strategic goals. Marine insurers worldwide saw a rise in the number of large claims in the year ending 20 February, alongside compromised Asia-Europe ship routeing choices and a growing number of ‘shadow’ tankers seeking cover outside the International Group of P&I Clubs system. NorthStandard’s premium income Nev...

AAL Shipping optimises fleet with ABB OCTOPUS

AAL Shipping, a multiple award-winning project heavy lift cargo operator headquartered in Singapore, has chosen ABB Ability™ OCTOPUS – Marine Advisory System to optimise operations of their advanced fleet of Super B-Class heavy lift vessels. ABB’s technology will help enhance the safety and efficiency of its cargo-carrying operations. Super B-Class vessels AAL has currently four 32,000 deadweight tonnage ships in operation and four due for delivery by 2026. The third-generat...

WFW advises Eurazeo on investment in offshore service vessel platform

Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a €70 million investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O.S. Energy, helps develop, build and manage service support vessels for offshore wind farms. The consortium of investors comprised European family office and others in addition to Eurazeo. Watson Farley & Willi...

VIKING fire suits: Meet new EU compliance standards

Shipowners and operators of EU vessels must take steps to ensure that all new firefighting suits on board comply with changes to European regulations which enter into force from June 2025, according to urgent advice from VIKING Life-Saving Equipment. The leading life-saving equipment solutions provider is recommending fleet managers undertake a full risk assessment of their firefighting suits to verify compliance with requirements applying under MED regulations (EU) 2024/1975. New firefighting...

WFW advises banks on US$500 million revolving credit facility for Scorpio Tankers

Watson Farley & Williams (‘WFW’) advised BNP Paribas and Standard Chartered Bank as co-documentation banks and DNB Bank ASA, New York, as agent, on a US$500 million revolving credit facility to Scorpio Tankers Inc. (‘Scorpio Tankers’). The oversubscribed credit facility was provided by a group of eight banks. The facility is a revolving credit facility with a seven year maturity date and provides Scorpio Tankers the flexibility to draw down or repay the loan during t...

What are the latest maritime technology trends in decarbonisation?

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-...

ABS approves HD KSOE's nuclear vessel design

A pioneering nuclear propelled containership designed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received approval in principle from ABS. The groundbreaking design for a 15k TEU vessel uses a propulsion system comprised of a molten salt reactor (MSR) for heat and a supercritical carbon dioxide (SCO2) system for power generation. Net zero by 2050 ABS completed design reviews based on class requirements. ABS published the industry’s first comprehensive requirements...

Wärtsilä and CMA ships: LNG-fuelled vessels agreement

Technology group Wärtsilä has signed a Lifecycle Agreement with CMA Ships, a subsidiary of pioneering French shipping company CMA CGM. The agreement covers 14 large LNG-fuelled container ships already in operation. The order with Wärtsilä was booked in Q1 2025. In today’s global environment, owner and operators of container vessels are focused on optimising operations and maintenance more effectively so that their vessels can continue to operate flexibly, and in the mo...

Sentinel Marine's contract extension with INEOS

Sentinel Marine has secured an extension of its contract with INEOS, continuing the Cromarty Sentinel’s operations in the Southern North Sea (SNS) for an additional three years. The vessel will continue to provide vital support to the Breagh and Clipper South platforms, with the agreement including options for two further one-year extensions. Additions to Sentinel Marine’s fleet Cromarty Sentinel, one of the uniqueadditions to Sentinel Marine’s fleet, was delivered in March...

Goltens partners with MFT for SEA-Mate® distribution

Goltens Worldwide, a pioneering provider of specialised marine services, is pleased to announce a new distribution agreement with Denmark-headquartered Marine Fluid Technology A/S (MFT) covering MFT’s SEA-Mate® Blending-on-Board (BOB) system, SEA-Mate® Filter system and other SEA-Mate® products across key maritime markets in Singapore, Indonesia, India, the Philippines, and the Middle East including the UAE, Saudi Arabia, Bahrain, and Qatar. Critical factors in the maritime T...

Econowind secures funding for wind-powered shipping

Dutch company Econowind, based in Zeewolde, has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 metre high steel wind sail inspired by aviation technology. Similar to aeroplane wings, these innovative sails are designed for large vessels, harnessing wind power to reduce fuel consumption and cut CO2 emissions by up to 15%.  Introduction of the XL model The first of two XL prototypes is expected to be fully developed a...

Marcura's AI transformation in maritime solutions

Marcura unveils a bold new look and new AI capabilities, part of a broader transformation to connect its industry-pioneering solutions and drive greater efficiency for customers. Marcura powers some of the most trusted solutions in maritime, including DA-Desk, ShipServ, MarTrust, ClaimsHub, and PortLog. Collectively, the pioneer in digital maritime solutions handles 200,000 port calls annually, manage over 6 million SOF events, facilitate $21.6 billion in payments and pay 36,000 crew digitally....

James Fisher expands in Japan's energy transition

James Fisher & Sons plc, a pioneering provider of specialist services to the energy, marine and defence industries, launches a new legal entity in Japan, reinforcing its long-term commitment to Japan and its footprint in North East Asia. The move furthers James Fisher’s intention to bring its integrated offering and innovative, sustainable solutions to the country’s energy transition, maritime security and defence needs. Japan’s industrial ambitions Fisher can use both i...

Sustainable growth at TMS Ship Finance Conference 2025

A host of expert speakers have been confirmed for the TMS Ship Finance and Trade Conference, which takes place on Tuesday, 18th February, at the Taj Exotica Resort, the Palm Dubai. The Conference, which has the theme of Financing Green Shipping Solutions, is the seventh conference in this series and looks set to be the best one yet. Development of shipping Nawal Al-Maghafi, an award-winning journalist and documentary maker, will moderate this session Keynote addresses will be made by Dr Ibr...

Kongsberg's full-electric vessel for Bibby Marine

Kongsberg Maritime has won a major contract to supply an integrated package of equipment for Bibby Marine’s new eCSOV, the world’s first full-electric offshore vessel. Kongsberg Maritime’s comprehensive package will be at the core of this advanced vessel’s systems. The company will provide full-electric rim-drive propulsion with azimuth and tunnel thrusters. Integrate with the battery system The new eCSOV will feature the largest-ever battery facility on...

Sirius Insight welcomes Lord Reid to advisory board

Sirius Insight announces that the Rt Hon Lord Reid of Cardowan has joined the company’s Advisory Board. In this role, Lord Reid will support Sirius Insight as the business seeks opportunities in international markets to deploy its transformative maritime domain awareness technology. Range of security-related portfolios Lord Reid was a Member of Parliament for over twenty years, during which time he served in Government Lord Reid was a Member of Parliament for over twenty years, during...

Seavolt & RAD Propulsion electric marine partnership

Seavolt and RAD Propulsion have announced an exciting new partnership to deliver complete electric propulsion solutions to boat manufacturers, marinas, ports, sporting organisations, and governments across Australia and the Pacific region. This collaboration brings together Seavolt’s industry-pioneering marine charging technology and RAD Propulsion’s innovative electric drive systems, offering customers a seamless and sustainable solution for electrifying their fleets. El...

Frequentis LifeX3020 enhances Malaysia's NG999 project

Frequentis marks the debut of its LifeX3020 solution in Southeast Asia, improving emergency call handling and response coordination across three major centres and nationwide blue light agencies. This effort supports Malaysia’s Next Generation Emergency Services 999 (NG999) project, an upgrade designed to replace the current Malaysian Emergency Response System (MERS999). The initiative underscores Malaysia’s strong commitment to enhancing public safety across the nation. Responses f...

TUI Cruises expands fleet with Mein Schiff Relax

Watson Farley & Williams advised long-standing client TUI Cruises GmbH on the delivery of the Mein Schiff Relax, the eighth ship in the Mein Schiff series and TUI Cruises’ first to be built at Italy’s Fincantieri shipyard. The Mein Schiff Relax is the first of two InTUItion-class ships being built at Fincantieri for TUI Cruises. The vessel marks a new era for the Mein Schiff experience, setting new standards in terms of comfort, exclusivity and feel-good atmospher...

ONE and Yusen logistics in green shipping pact

Ocean Network Express and Yusen Logistics Co., Ltd are pleased to announce a new agreement for sustainable shipping solutions through ONE's green shipping service, ONE LEAF+.  This collaboration demonstrates how the industry can advance sustainable supply chain practices and marine transportation to deliver environmental benefits. Scope 3 GHG emissions As a freight forwarder, Yusen Logistics will offer this green shipping option to customers Under this agreement, ONE will use susta...

NorthStandard and BetterSea offer FuelEU compliance savings

NorthStandard has announced an exclusive collaboration with pioneering maritime digital decarbonisation experts BetterSea. The new partnership will allow NorthStandard members heavily discounted access to the BetterSea FuelEU Maritime Compliance service, including its in-house digital support resources. GHG intensity of energy New FuelEU Maritime reporting requirements for shipping companies began on January 1 2025 The new FuelEU Maritime reporting requirements for shipping companies began...

Transforming offshore wind: ULSTEIN SX250

The world needs greener energy, but high costs are a barrier. Raw material and equipment prices have more than doubled, halting many projects. Can they reduce the financial risk of developing offshore wind farms and make walk-to-work (W2W) operations more affordable? Offshore wind turbines SOVs are the most efficient and preferred solution now for servicing offshore wind turbines, outperforming CTVs in safety, availability, and comfort. However, rising shipbuilding costs and new-build delive...

Enhance OSCV capabilities with Kongsberg's solution

Kongsberg Maritime has developed an innovative mooring-capable solution for Offshore Construction Vessels (OSCVs), expanding the capabilities of OSCVs beyond their current scope to include the pre-lay of mooring lines as a natural extension to original suction anchor capabilities. By integrating a purpose-designed anchor handling winch, shark jaws and stern rollers into the design of OSCVs at the newbuild stage, vessel owners can now equip their ships to perform a broader range of mooring opera...

ONE's first owned vessel: ONE Sparkle for sustainability

Ocean Network Express is pleased to announce a significant milestone in its corporate history with the naming of ONE Sparkle, the company's first owned and operated new building container vessel. Says Jeremy Nixon, CEO, "The naming of ONE Sparkle represents another important milestone for ONE. This vessel is our first owned newbuilding, and it also showcases our commitment to sustainable shipping with its innovative design and alternative fuel capabilities. As we expand our owned fleet, these a...

Wallem Group's maritime expansion strategies

Smaller shipowners seeking expansion, as well as multinational corporations entering the maritime industry for the first time, often encounter a shared challenge: the complexities of the market frequently exceed their own expertise and that of the advisors they typically consult. However, what may be a perceived obstacle to maritime business development has become a catalyst for growth within Wallem Group, manifested in the success of Wallem Commercial Services. Range of capabilities Wallem...

Wärtsilä and Elomatic unveil innovative Elogrid technology

Technology group Wärtsilä and international consulting and engineering company Elomatic have signed a licencing and cooperation agreement covering the intellectual property rights, technology, and use of the trademark of Elomatic’s unique Elogrid solution. Elogrid is a transverse thruster grid technology, which is designed to reduce vessels’ fuel consumption while also enhancing thrusters’ performance. This technology improves both the water flow along the hull lines...

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