Efficiency Demands Threaten Seafarer Safety, New Survey Report

A recent Safetec survey reveals that efficiency demands threaten seafarer safety, with 26% of 30,000 respondents admitting to bypassing safety procedures due to company pressures. Additionally, 20% feel their adherence to safety goes unrecognized, highlighting a critical need for shipping companies to prioritize safety over efficiency to ensure a secure working environment.

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Centre plans ₹2,000-crore insurance corpus to support shipbuilders

Indian Government Launches ₹2,000 Crore Insurance Fund to Protect Shipbuilders

The Indian government is establishing a ₹2,000-crore insurance fund to shield shipbuilders from buyer defaults, enhancing sustainability in the capital-intensive sector. The Ministry of Ports, Shipping, and Waterways collaborates with finance ministries to implement a buyer’s default insurance, aiming to secure shipyards from order cancellations and bolster the domestic industry.

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Great Eastern Shipping Expands Fleet with Kamsarmax Acquisition to Boost Capacity and Meet Global Demand

Great Eastern Shipping Company Ltd. (GESCO) is set to enhance its fleet by acquiring a Kamsarmax dry bulk carrier of approximately 81,922 DWT, scheduled for Q3 FY 2026. This acquisition, fully funded through internal accruals, follows agreements for two secondhand vessels, expanding GESCO’s fleet to 41 vessels and 3.37 million DWT.

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Non-Invasive NINVA Temperature Sensors Launched for Smarter Maritime Energy Management

Swedish company eMarine is integrating 1,500 ABB NINVA™ non-invasive temperature sensors into its energy management solutions for the maritime sector. This collaboration introduces ABB’s innovative technology to the marine industry, enhancing efficiency and sustainability for cruise and cargo operators by optimizing heat recovery and reducing fuel consumption and CO₂ emissions.

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Cost-Effective Mooring Solutions Launched for Offshore Floating Structures

Kongsberg Maritime is enhancing mooring solutions for offshore floating structures by developing simplified technologies that reduce costs, complexity, and environmental impact. Their innovations aim to minimize components and eliminate active tensioning equipment, enabling safer installations and significant fuel savings, ultimately streamlining offshore floater operations while improving safety and reliability.

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