United States of America (USA) maritime industry review

Norway-based maritime technology business, Shipnet has launched Helix AI ahead of attending Sea Asia in Singapore next week, further strengthening its revolutionary Helix product, designed to transform decision-making in the shipping industry through advanced data analysis.  Helix, launched at Posidonia in 2024, provides a digital representation of the shipping business, enabling seamless integration and analysis of data from various sources such as safety, pricing, and procurement. Helix...

Propspeed®, a pioneering innovator in underwater biocide-free, foul-release coatings, announced it has signed an agreement with LUKA Marine Murter d.o.o. to serve as the Company’s new single-entry partner for Croatia and Slovenia. The partnership will kick off with the first national technical training for applicators and resellers in this vital region to prepare Propspeed for the quickly approaching refit season. Propspeed’s coating systems LUKA Marine Murter is a privately o...

BERG Propulsion is offering the shipping industry its first opportunity to select propeller shafts made using the climate neutral GreenForge® production process, in a maritime sector that is highly exposed to anticipated carbon pricing. Three Louis Dreyfus Armateurs (LDA) ro-ro vessels due in service from 2026 to carry aircraft parts across the Atlantic are already set to take advantage of sustainable wind power, courtesy of their rotor sails, while their hybrid propulsion, power manag...

Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”), as agent and financing bank, and Banca Popolare di Sondrio S.p.A. (“BPOS”), as financing bank, on an up to US$50m financing granted to Ignazio Messina & C. S.p.A. (“Ignazio Messina”). This allows Ignazio Messina to finance the renewal of its fleet as part of an investment plan to build full container vessels of greater capacity and size than those it previously deployed....

Alfa Laval has signed its first contract for the ammonia fuel supply system, FCM Ammonia, reinforcing its position as a frontrunner in developing solutions for decarbonizing the maritime industry.  The FCM Ammonia will be installed onboard seven LPG/ammonia carriers for Tianjin Southwest Maritime. Ammonia-powered shipping The FCM Ammonia will be installed on a CSSC Huangpu Wenchong shipyard in ChinaAs a front-runner in enabling the use of ammonia, Alfa Laval has achieved a significant mi...

Global law firm Norton Rose Fulbright has advised BNP Paribas, a syndicate of lenders, SACE and SIMEST on the financing of four new cruise vessels for Viking Ocean Cruises. The financing consists of four export credit loan facilities, which are together worth around $2 billion. The facilities are backed by the Italian export credit agency SACE and contain a fixed-rate subsidy offered by SIMEST. Viking Ocean Cruise’s growing fleet The ocean-going passenger cruise vessels are being constr...

Dinnteco America, an established pioneer in lightning protection technology, announced its latest solution for the marine, military, energy, and transportation industries – the Electromagnetic Charge Compensation Device (DDCE). The DDCE is designed to prevent direct lightning strikes by gathering positive charges from its immediate environment, while also gathering negative charges from the clouds and air. Lightning strikes to boat owners The upward path required for lightning can no lo...

GOST® (Global Ocean Security Technologies), a pioneer in marine security, satellite tracking, monitoring, and video surveillance, announced a revolution in maritime security with the launch of the GOST Specter Ai security platform.  The GOST Specter Ai platform leverages cutting-edge artificial intelligence to provide advanced facial recognition, object identification through machine learning, GPS location tracking, CAN bus data monitoring, and remote viewing of both system data and li...

Watson Farley & Williams (“WFW”) advised a syndicate of lenders led by BNP Paribas (“BNPP”), SACE SpA and SIMEST SpA on the financing and delivery of the cruise vessel Norwegian Aqua, owned by Norwegian Cruise Line Holdings Ltd. group (“NCLH”) and built at Fincantieri’s Marghera shipyard in Italy. Norwegian Aqua is the third of NCLH’s Prima-class vessels and, at approximately 156,000 gt, is the largest vessel to be built at the Marghera shipya...

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...

Trusted by more than 3,000 ships worldwide, NAPA’s Safety Solution software has promoted ship safety and operational efficiency for 35 years, working closely with customers. NAPA's solutions aim to positively impact the maritime industry by simplifying and streamlining onboard and shoreside operations through digitalisation, reducing errors and workload for seafarers, enhancing safety, and enabling more sustainable decision-making.  Paper-based system challenges “Historicall...