MAIB Investigates Reefer Container Loss Causing Banana Spill

Investigators from the UK’s Marine Accident Investigation Branch (MAIB) are probing an incident where thousands of bananas washed ashore near Southampton after 16 containers fell overboard. Initial findings indicate inadequate securing of the containers contributed to the disruption, prompting an examination of cargo securing practices and environmental impacts.

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Bureau Veritas Classes Its First Methanol Fual-Fuel

Bureau Veritas Certifies First Methanol-Powered Dual-Fuel Containership

Bureau Veritas Marine & Offshore has classified the CMA CGM ANTIGONE, the world’s first methanol-fueled containership. This 15,000 TEU vessel, built by CSSC Jiangnan Shipyard, emphasizes operational efficiency and reduced environmental impact, featuring a dual-fuel propulsion system that significantly lowers NOx and SOx emissions, aligning with IMO’s 2030 targets.

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Britain Imposes Sanctions On Russia's Energy Sector

Britain Targets Key Russian Energy Companies in New Sanctions

Britain has introduced new sanctions against Russian oil companies and Canadian-Pakistani billionaire Murtaza Lakhani, intensifying pressure on Moscow amid the Ukraine conflict. The measures target 24 individuals and entities, including major firms like Tatneft and Russneft, aiming to disrupt Russia’s global oil trade following earlier sanctions on Lukoil and Rosneft.

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Oshima Bulk Carrier Design Earns Classnk Approval For

ClassNK Endorses Eco-Friendly Multi-Fuel Bulk Carrier Concept

Japan’s ClassNK has granted approval in principle (AiP) for Oshima Shipbuilding’s bulk carrier concept, designed for alternative fuels like ammonia, methanol, and LNG. The vessel includes onboard carbon capture and storage capabilities. This approval reflects the industry’s commitment to meeting stricter emissions regulations while ensuring safety and technical feasibility.

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M/V Genius Star XI arrives dockside in Dutch Harbor, Alaska on January 30, 2024. U.S. Coast Guard Photo

Loose Batteries Nearly Cause Pacific Cargo Ship Disaster: NTSB Report

On December 25, 2023, the Panama-flagged bulk carrier Genius Star XI experienced two major fires caused by improperly secured lithium-ion battery cargo during severe weather. An NTSB investigation revealed failures in securing equipment, resulting in cargo shifts and thermal runaway in several battery units, highlighting risks in maritime lithium-ion transport.

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HD Korea Shipbuilding Unveils Innovative Technologies at MIT Forum

HD Korea Shipbuilding & Offshore Engineering (KSOE) showcased its innovative technologies at the MIT Maritime Consortium Workshop 2025, focusing on AI-driven autonomous operations and carbon reduction. Key developments included the HiNAS Control system and a prototype AI model for cybersecurity. The consortium outlined a roadmap emphasizing carbon neutrality and digital transformation.

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Fantastic ferry of the Grandi Navi Veloci Company entering the port of Durres,Albania , August1 ,2024

France Responds to Possible Foreign Hack on Italian-Operated Ferry

French authorities are probing potential foreign interference after discovering remote-access malware on the Italian-operated ferry, Fantastic, in Sète. The Remote Access Trojan (RAT) enables hackers to remotely control systems. Two crew members were arrested; one remains in custody. Officials suspect an organized attempt to compromise the ferry’s data systems.

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Aerial view of a container terminal

Fleet Growth and Market Dynamics Shaping Shipping Earnings in 2026

According to Veson Nautical’s 2025 End-of-Year Market Report, shipowners face significant trends for 2026. Earnings in containers and tankers may decline due to renewed Suez transits. Newbuild deliveries will increase supply, while older vessels face penalties. The tanker market will split, impacting crude and product tankers differently. Demolition activity is expected to rise.

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