On February 6, 2025, ABS announced the maturity of Aikido Technologies’ floating wind platform design, a milestone in the qualification process. The successful demonstration of the Aikido One unit was key in this decision. ABS highlighted the platform’s ability to simplify deployment and reduce costs for the offshore wind industry.
Methane emissions in the maritime sector have surged due to the rise in LNG-powered vessels, with EU shipping emissions increasing since 2015. The lack of mandatory reporting on pollutants like particulate matter and black carbon is a concern, highlighting the need for more data and international guidelines to promote sustainable ocean management.
The Baltic Exchange has launched the Baltic Chemical and Agricultural Oil Assessments (BCAA) to provide weekly insights into trade routes involving chemicals and vegetable oils. These assessments, priced in USD per metric ton, cover shipments of 5,000 mt or 10,000 mt, reflecting the unique characteristics of chemical tankers. The BCAA aims to serve various stakeholders.
Amogy, a provider of ammonia-to-power solutions, has expanded into South Korea by opening an office in Pangyo Techno Valley. This strategic move brings Amogy closer to established investors and partners in the region, including SK Innovation, Samsung Heavy Industries, and Hanwha. South Korea’s early adoption of clean tech influenced Amogy’s decision to establish a local presence.
The Arab Shipbuilding and Repair Yard Company (ASRY) was honored with the title of Repair Yard of the Year at the ShipTek International Maritime Conference and Awards 2025 in Dubai. ASRY’s exceptional technical expertise and top-notch services set them apart from regional competitors, solidifying their reputation as a leading player in the maritime industry.
A freighter carrying artillery shells from Jordan to Germany sought refuge at the port of Vigo, Galicia due to cargo shift during Storm Eowyn. With Storm Herminia approaching, the ship docked for safety. The Vigo Port Authority deemed it too risky to continue sailing. The ship was assigned a berth at the dangerous goods pier.
Mitsubishi Shipbuilding and Nippon Gas Line have received Approval in Principle for a low-pressure type LCO2 carrier for coastal transportation. This certification aligns with the increasing demand for LCO2 carriers in CCS projects in Japan. The partnership aims to provide a safe and efficient solution for transporting CO2 for storage.
WinGD has achieved type approval for its on-engine NOx reduction solution, a breakthrough in engine technology. The integrated Selective Catalytic Reduction (iSCR) system was tested on three engines at a Japanese factory, offering cost reductions and improved efficiency. This milestone ensures compliance with regulations and enhances operational flexibility for ship operators.
The South Korean government is investing 222.3 billion KrW ($150 million) to support the construction of 81 environmentally friendly ships. Companies can receive subsidies of up to 30 percent for building eco-friendly vessels, promoting sustainability in the maritime industry. This initiative aims to reduce greenhouse gas emissions and combat climate change on a global scale.
Corvus Energy, a leader in zero-emission solutions for the marine industry, has delivered a mega-size battery system for the first fully electric offshore vessel. The vessel, an electric Commissioning Service Operation Vessel, will be built by Armon shipyard in Spain. This groundbreaking project highlights the industry’s commitment to sustainability.
The National Transportation Safety Board reported a barge strike at Algiers Lock in New Orleans due to surging water from the Mississippi River. The incident involved the towing vessel Kitty pushing two loaded tank barges into the lock during low water conditions. Thankfully, there were no injuries or pollution.
Despite facing safety concerns and tragic incidents, South Asia’s shipbreaking sector maintained its global leadership in vessel recycling in 2024. With Bangladesh, India, and Pakistan processing the majority of scrapped tonnage, the region continues to face challenges in moving towards sustainable practices while meeting the demand for ship recycling.
The European Environment Agency (EEA) has urged the maritime transport sector to speed up efforts in reducing emissions and decarbonizing. A recent report revealed a doubling of methane emissions from maritime transport due to increased demand. The sector currently contributes three to four percent of the EU’s CO2 emissions, highlighting the need for significant reduction.
The Liberian-flagged crude oil tanker Chrysalis, previously targeted by Yemen’s Houthis, successfully passed through the Red Sea this week, per the Suez Canal. This voyage, following the militia’s ceasefire announcement, signals a return to normalcy for shipping companies. Egypt’s Suez Canal Authority views the Chrysalis’ transit as a step towards regional stability.
The ReCAAP ISC, which monitors piracy and criminal activity against shipping in Asia, issued a new alert on February 3, reporting a significant increase in robberies in the Singapore Strait this year. There have been 11 incidents in just over a month, highlighting the continued occurrence of sea robberies onboard ships in the region.
