The builder of the superyacht Bayesian has filed a $500 million lawsuit against Angela Bacares, widow of tech mogul Mike Lynch, who died when the yacht sank. The shipbuilder alleges crew negligence caused the tragedy, resulting in reputational harm and lost business opportunities following the vessel’s capsizing during a storm.
This week’s maritime security report from Palaemon Maritime reveals a surge in incidents across Europe, the Americas, and Southeast Asia. Notable events include a missile attack on Chornomorsk Port in Ukraine, drone strikes on Greek-managed oil tankers, and U.S. forces seizing a Guyana-flagged tanker near Venezuela, highlighting escalating maritime threats.
CMA CGM has achieved a significant milestone with the delivery of its 400th owned vessel, the CMA CGM Monte Cristo. This methanol-powered container ship, with a capacity of 16,204 TEU, is set to enhance the company’s decarbonization strategy and will commence service on January 29, 2026.
On January 8, 2023, a pilot tragically died after falling from a ladder while boarding the cargo vessel Finnhawk in the Humber Estuary. The investigation revealed critical safety concerns, including the pilot’s questionable fitness for duty and defects in recovery equipment, prompting calls for improved safety measures and protocols.
Danica Crewing Services has opened a new recruitment office in Istanbul, Turkey, enhancing its global network. Managed by former seafarer Hasan Koroglu, the office aims to supply skilled Turkish seafarers to shipowners worldwide. Turkish maritime standards are highly regarded, ensuring compliance with international regulations and access to a vast talent pool.
Abu Dhabi Ports Group, through SAFEEN Drydocks, has acquired Balenciaga Astilleros Shipyard in Spain for $13.1 million. This strategic move enhances its presence in the Mediterranean and strengthens capabilities in the offshore wind sector. The shipyard, now Balenciaga Shipyard, is renowned for constructing Service Operation Vessels for offshore projects.
Over a decade after the 2012 ferry collision in Hong Kong, the Coroner’s Court has reopened the investigation into the tragic incident involving the Lamma IV and Sea Smooth ferries. Survivors and victims’ families seek accountability, as the court reviews design flaws and safety regulations despite lacking authority to impose charges.
Maritime crossings between Tarifa, Spain, and Tangier, Morocco, were suspended on Wednesday at 10:00 a.m. due to severe weather, including heavy rain and strong winds in the Strait of Gibraltar. All sailings after this time were canceled, while the morning departure at 9:00 a.m. proceeded as scheduled.
Boskalis’ diving support vessel, BOKA Da Vinci, has successfully executed a subsea operation in the northern North Sea, enhancing infrastructure for an INEOS-led carbon capture and storage initiative at the Nini oil and gas field. This operation is a key part of Project Greensand, aimed at facilitating CO₂ storage in Denmark.
Norwind Offshore has welcomed the Norwind Maestro, an 85-meter commissioning service operations vessel (CSOV), enhancing its fleet for offshore wind operations. This vessel, the sixth in their managed fleet, will begin a 10-year contract at the Global Tech 1 Offshore Wind Farm in Germany, supporting vital maintenance and operations.
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract valued at approximately USD 121 million to construct a very large gas carrier (VLGC) for a European shipowner. This project, expected for delivery in the first half of 2028, adds to the company’s growing portfolio of gas carrier contracts.
Maritime crews face overwhelming alarm systems, leading to ‘alarm fatigue’ that hampers critical operations. Recent research, analyzing over 40 million alarm events, reveals that current systems exceed human capacity, disrupting crew rest and trust. However, practical improvements are possible, emphasizing the need for reform in alarm management for enhanced safety and efficiency.
Interferry is calling for an immediate freeze on the EU Emissions Trading System (ETS) for the ferry sector, advocating to maintain the current 70% emissions surrender obligation until 2025. CEO Mike Corrigan stresses that the maritime sector shouldn’t bear financial burdens until road transport is included and clear fund allocation regulations are established.
Incat Tasmania has reached a landmark in maritime history with the harbour trials of Hull 096, the world’s largest battery-electric ship. This 130-meter vessel is now moving under its own battery-electric power, marking a significant advancement in sustainable shipping and electric propulsion for large commercial vessels globally.
The Caravel Group has appointed Angad Banga JP as its new CEO, marking a pivotal leadership shift. Following a carefully planned succession, Angad will oversee the group’s three main divisions and manage capital allocation and strategic direction. Founder Dr. Harry S. Banga will continue guiding long-term strategy and governance.
