Early Tuesday, RNLI volunteers were dispatched to assist the cargo ship Finnwave, which issued a Mayday signal due to an engine fire about 11 miles from Eastbourne. Thankfully, the crew had extinguished the fire before the RNLI’s lifeboat arrived, but the vessel had lost all engine power.
ABS has granted approval in principle to Samsung Heavy Industries for the HyfloWind Float, a hybrid floating offshore wind structure. This innovative design utilizes a concrete-based steel composite, allowing for local fabrication and reduced costs. Ahn Young-Kyu highlighted its benefits for customers prioritizing local content in renewable energy projects.
The 2025 Data Breach Investigations Report by Verizon reveals that 85% of cybersecurity breaches are due to human factors, highlighting the urgent need for specialized cyber training in the maritime sector. Research from GTMaritime shows alarming rates of user vulnerability, with 15% clicking on phishing links, underscoring the critical need for proactive training.
Marine Resources has launched the third edition of its Marine Industry Salary & Employment Survey, the UK’s most comprehensive study of compensation and employment trends in the marine sectors. By gathering insights from professionals across various industries, the survey aims to reflect current workforce realities and provide crucial intelligence for recruitment and career decisions.
Hapag-Lloyd reported a 50% decline in net profit for nine months, totaling 846 million euros, and revised its earnings forecast downward due to market volatility and rising costs. CEO Rolf Habben Jansen highlighted the need for cost control amid challenges in the shipping sector, including fluctuating demand and freight rates.
Saipem has launched the LiSa Hyper Harness, an innovative safety harness equipped with sensors and AI to enhance worker safety during height-related tasks. This device monitors connections to fall protection systems and alerts users and supervisors if issues arise, fostering a culture of safety in hazardous environments.
Bahrain and Qatar have launched a direct ferry service, enhancing travel between the two nations. The route, operational since November 6, cuts travel time to 50 minutes with two daily return trips. This initiative symbolizes a potential thaw in relations, following a history of border disputes and political tensions.
The initiative to reduce shipping emissions through wind-assisted propulsion is gaining traction, exemplified by Anemoi Marine’s installation of five rotor sails on the VLOC NSU Tubarao. This retrofit aims to cut fuel consumption and CO2 emissions by 6% to 12% annually, marking a significant step in sustainable shipping practices.
The livestock carrier Spiridon II, carrying 2,853 cows, remains quarantined off Turkey after departing from Uruguay on September 19. The ship, at sea for over 50 days, faces unloading delays due to ear tag issues. Reports indicate 48 cows have died, raising concerns for animal welfare amid ongoing discussions for rerouting.
Nigeria has proudly launched its first locally owned floating production, storage, and offloading (FPSO) vessel, the FPSO Emem, by Oriental Energy Resources. This milestone signifies local producers’ growing capabilities in managing offshore developments, traditionally dominated by international companies. The FPSO aims to enhance production in the Okwok field, targeting 30,000 barrels per day.
Amogy has secured a multi-year contract with Samsung Heavy Industries to manufacture ammonia-to-power systems, starting with a facility in South Korea. This collaboration aims to validate the technology’s viability for clean power generation. By 2025, SHI will enhance its Geoje Shipyard facility for testing and production of Amogy’s innovative systems.
The International Energy Agency (IEA) has revised its global oil and gas demand outlook, projecting growth until 2050 despite earlier expectations for a transition to cleaner fuels. The report warns that current policies may lead to oil demand reaching 113 million barrels per day, undermining climate goals to limit temperature rise.
Organic Rankine Cycle (ORC) waste heat recovery systems are becoming essential in enhancing energy efficiency for both new builds and retrofits. Orcan Energy’s partnership with Goltens underscores the market potential, with over 100 TWhth of waste heat in shipping available for capture, enough to power 6.3 million people. Ships lose over half their fuel energy, primarily as waste heat, making ORC systems ideal for converting this energy into electricity.
Ocean Power Technologies Inc. (OPT) has partnered with Mythos AI to integrate advanced AI-driven autonomy software into its WAM-V Autonomous Surface Vehicles and PowerBuoy platforms. This collaboration aims to enhance operational capabilities and broaden integrated solutions for defense, security, and commercial sectors, solidifying OPT’s position in autonomous systems.
In a significant development, the Houthi leadership in Yemen has declared an end to their attacks on maritime interests linked to Israel. This decision follows a US-Houthi ceasefire mediated by Oman. The cessation is expected to restore normal shipping traffic through the Red Sea, benefiting the Suez Canal Authority economically.
