Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File Photo

Maersk Expects Approval of Greenhouse Gas Emission Fees for Shipping by 2025

Maersk, a major shipping company, expects global regulators to approve a fee on ships’ greenhouse gas emissions in 2025. As nations work towards reducing carbon dioxide emissions from the sector, Maersk anticipates new rules to gradually decrease ships’ energy consumption intensity. The industry looks towards setting up a global standard for zero emissions.

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Sarbananda Sonowal Leads Initiative to Promote India’s Maritime Heritage and History

Sarbananda Sonowal recently led a meeting with experts to discuss promoting India’s maritime heritage. The initiative aims to highlight the country’s seafaring legacy and historical significance. By collaborating with archaeologists and historians, the government plans to educate the public and preserve maritime history. Sonowal aims to showcase India’s heritage globally.

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USV attack on the M/T Cordelia Moon

CENTCOM Strikes 15 Houthi Military Sites to Protect Maritime Security in Yemen

US Central Command (CENTCOM) recently launched targeted strikes on 15 Houthi military sites in Yemen to disrupt their offensive capabilities and safeguard maritime security. The operation aimed to protect commercial vessels navigating international waters, following numerous Houthi attacks on ships. Tensions in the region remain high amid escalating conflicts with Israel and ongoing maritime threats.

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Green Methanol Supply Expected to Start by 2027

The Zero Emission Maritime Buyers Alliance (ZEMBA) is a group of container shippers seeking carbon-free ocean freight services. They anticipate a sufficient supply of methanol-capable ships and green methanol fuel to support the purchase of e-fuel-powered shipping services next year. ZEMBA aims to procure 3.5 billion TEU-nautical miles of zero-carbon freight service over three years.

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Billions In Lost Treasure: How Modern Technology Is

Revolutionary Treasure Hunting: Uncovering Billions Beneath the Sea

Oceans around the world hold hidden treasures waiting to be discovered by modern treasure hunters using cutting-edge technology. Estimates suggest the value of sunken treasures could reach billions of dollars, with historical shipwrecks like the Nuestra Senora de Atocha and the Black Swan yielding massive hauls. Despite these finds, many legendary shipwrecks remain undiscovered.

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NSR vessels stuck

Northern Sea Route to Close Early This Year Due to Persistent Winter Ice

The summer shipping season on Russia’s Northern Sea Route is ending early due to winter ice forming sooner than expected. Ships must hurry to complete their transits before the route closes in three weeks. A near-disaster in October 2021 prompted this early shutdown to ensure safe passage for vessels navigating the Arctic waters.

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India is trying to ensure the continued operation of the Sittwe-India port

India’s Steps to Revive Sittwe Port Operations Amid Arakan Conflict

The Indian government is taking steps to restart operations at the Sittwe-India Port, impacted by conflict in Arakan State. Minister Sarbananda Sonowal revealed collaboration with Myanmar for smooth port functioning, crucial for the Kaladan Multi-Modal Transit Transport Project to aid trade to northeastern states. Challenges include engaging with the Arakan Army for sustainable operations.

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FILE PHOTO: The Suiso Frontier, the world's first hydrogen carrier, built by Japan's Kawasaki Heavy Industries, is pictured upon its arrival from Kobe, Japan at the Port of Hastings in Victoria, Australia January 20, 2022. Courtesy HySTRA/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT./File Photo

High Costs Force Major Restructuring in Green Hydrogen Production Industry

The high costs of climate-friendly hydrogen production are causing cancellations and reduced investments in the green energy sector. Companies like Origin Energy Ltd. in Australia are canceling projects due to slow market evolution and technological challenges. Despite the potential for green hydrogen, expensive production is hindering widespread adoption.

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Port workers from the International Longshoremen's Association (ILA) participate in a strike at the Virginia International Gateway in Portsmouth, Virginia, U.S., October 2, 2024. REUTERS/Jose Luis Gonzalez

US Port Strike Ends with Tentative Agreement for 62% Wage Increment.

Longshoremen and port operators in the U.S. have reached a tentative agreement to end a three-day strike that disrupted port operations. The agreement includes a significant wage increase and an extension of the framework agreement until 2025. President Biden praised the parties for their efforts, emphasizing the importance of collective bargaining for a stronger economy.

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India Advances Maritime Decarbonization Initiatives at High-Level Conference

India recently hosted a high-level conference on Maritime Decarbonization, demonstrating its commitment to reducing carbon emissions in the maritime industry. Co-hosted by the Ministry of Ports, Shipping & Waterways and the Asian Development Bank, the event brought together over 200 delegates to discuss strategies, technologies, and policies to promote sustainable practices in the maritime sector.

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