The Maritime Union of New Zealand (MUNZ) expressed deep concern over the government’s decision to end the contract for the emergency tow vessel, MMA Vision. National Secretary Carl Findlay warned this could threaten lives and maritime safety, emphasizing the vessel’s crucial role in responding to maritime incidents and supporting skilled jobs.
Odfjell SE and Japan’s Nissen Kaiun Co., Ltd. have launched a joint venture, Odfjell Hakata Maritime AS, in Bergen. This partnership enhances their collaboration in the chemical tanker market, operating ten stainless-steel tankers. Odfjell CEO Harald Fotland emphasized its commitment to energy efficiency and sustainability, aiming for increased trading capacity by 2026.
On November 18, the International Union of Marine Insurance (IUMI) and the Hong Kong Maritime and Port Development Board (HKMPDB) signed a Memorandum of Understanding to enhance maritime education. This partnership aims to develop a skilled workforce in Hong Kong’s maritime sector, utilizing IUMI’s educational resources and collaborative initiatives.
At the Colombo Security Conclave, National Security Advisor Ajit Doval underscored the critical importance of maritime security, viewing the ocean as a vital part of India’s heritage. He called for collaborative efforts among nations to protect maritime routes against threats like piracy and terrorism, essential for regional peace and economic stability.
Safety officials in the UK are investigating the death of 32-year-old Lee Hulse, a rig worker who fell from a crane aboard the Valaris 121 in the North Sea. Police confirmed the incident, which occurred on November 14, is not deemed suspicious. Valaris and Shell expressed condolences and support for Hulse’s family.
The oil tanker Talara, seized by Iranian forces, has been released without its cargo. The crew is safe and in good spirits. This incident raises concerns about Iran’s targeting of merchant ships amid ongoing tensions. Although specific violations were not disclosed, Iranian state media indicated unspecified infractions.
Raymarine has partnered with The Nippon Foundation and GEBCO to support the Seabed 2030 project, aiming to map the entire ocean floor by 2030. This initiative, announced at the Ocean Floor Explore symposium, will utilize crowdsourced bathymetric data from Raymarine’s sonar systems to enhance marine conservation and sustainable resource management.
On March 15, 2025, the Gaschem Homer experienced a two-minute propulsion loss shortly after leaving the Port of Brisbane. This incident, caused by misconfigured electrical generators, resulted in a blackout while maneuvered by a harbour pilot. Fortunately, an assisting tug helped keep the vessel within the shipping channel until power was restored.
Hong Kong has launched a marine specialty risks insurance pool to enhance coverage for the Asian shipping sector. This initiative consolidates local underwriting capacities, creating a stable framework for maritime operations. By addressing unique industry challenges, it aims to bolster stakeholder confidence and promote resilience in the evolving shipping landscape.
The Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator to enhance transparency in freight assessments. This tool, building on the 2008 TCE methodology, allows users to view detailed calculations, including income sources and expenses, promoting accurate benchmarking for dry bulk carriers and oil tankers.
Timo Alho’s doctoral dissertation from the University of Vaasa introduces a groundbreaking power management strategy for ships, enhancing fault tolerance against blackouts. By decentralizing control, vessels can autonomously adjust to grid conditions, ensuring rapid responses to generator failures. This innovative approach simplifies integration and improves safety in modern maritime electrical systems.
NorthStandard has announced a 5% increase in Protection and Indemnity premiums for the marine insurance year starting February 20, 2026. This decision reflects current market unpredictability. The company projects premium income to rise to $930 million, supported by improved investment returns and a focus on diversification. Despite positive forecasts, geopolitical risks persist.
The NTSB reported that a loose wire caused a power failure on the cargo ship Dali, leading to a crash into Baltimore’s Francis Scott Key Bridge in March 2024, resulting in six fatalities. Urgent safety assessments of 68 bridges across 19 states are now underway, with significant costs and delays anticipated.
Retention in the shipping industry remains a pressing challenge despite rising wages. While global pay has improved, only 40% of ship managers see increased crew loyalty. Modern seafarers prioritize connection and support over financial incentives, highlighting the need for better working conditions, reliable connectivity, and career development to foster long-term commitment.
Leading shipping companies have united to combat ocean plastic pollution by launching the Maritime Association for Clean Seas (MACS). Founded by Seven Clean Seas, this alliance includes major players like Berge Bulk and X-Press Feeders, aiming to reduce plastic waste and enhance sustainable practices within the maritime industry.
