Singapore’s maritime industry soared in 2024, with record vessel tonnage and cargo throughput. The port welcomed over 3 billion GT of vessels, with bulk carriers, container ships, and tankers leading the way. Container throughput exceeded 40 million TEUs for the first time, solidifying Singapore’s position as a global transshipment hub.
US-based tech firm Amogy has secured $56 million in venture financing from investors like Samsung, Hanwha, Temasek, and MOL. The funding will be used to advance technology for ammonia cracking, integrated with hydrogen fuel cells for maritime and stationary power. Amogy aims to deploy its technology by 2026.
The cruise industry is currently facing outbreaks of norovirus and other gastrointestinal illnesses, with Silversea Cruises’ new ship, Silver Ray, being the latest affected. Despite its smaller size, the ship is experiencing an unidentified outbreak as it sails from Lima to Fort Lauderdale. Enhanced sanitation measures are in place to contain the spread of the illness.
The Protected Transfer System (PTX) by Safe STS and Gall Thomson revolutionizes crude oil transfer at sea. With integrated sealing mechanisms, it prevents spills and aligns with global environmental standards. Its rapid remote disconnection and lightweight design enhance safety and efficiency in offshore operations. Industry adoption is growing, making PTX a global solution for safe transfers.
The Seafarers Memorial at Braehead in Wick serves as a poignant reminder of the sea’s dangers, honoring those lost in the WK registration area. Supported by local businesses and the community, the sculpture by Alan Beattie Herriot symbolizes the sacrifices of seafarers. The group aims to raise awareness and ensure remembrance for future generations.
Marine Jet Power (MJP) and Derecktor S hipyards New York have launched two cutting-edge hybrid passenger ferries for Chatham Area Transit in Savannah, Georgia. The Juliette Gordon Low II and The Susie King Taylor II are the first of their kind in the U.S., powered by waterjet propulsion for sustainable maritime transportation.
The 20th edition of the World Economic Forum’s Global Risks Report for 2025 highlights state armed conflict as the most pressing immediate global risk, along with misinformation and environmental challenges. The report emphasizes the need for global action to address climate change and biodiversity loss, advocating for cooperation and innovation.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, urged key agencies like NPA and NIMASA to prioritize the marine industry in the 2025 budget. Emphasizing alignment with national policies, he highlighted the sector’s potential for economic growth, job creation, and environmental protection. Investments in surveillance, aquaculture, and research are crucial for sustainable development.
Norwegian Electric Systems (NES) has secured a contract to supply power systems for eight new vessels being built by Wilson at Udupi Cochin Shipyard in India. This project focuses on emission reduction solutions for shortsea transport, utilizing energy optimization techniques to enhance efficiency and eco-friendliness. The vessels aim to minimize fuel consumption and reduce emissions.
In 2024, marine fuel sales in Singapore hit a new peak, driven by high container throughput and increased use of alternative fuels. Sales reached 54.92 million metric tons, breaking the previous record. The rise in demand for alternative fuels, including biofuel blends and LNG, reflects a shift towards more sustainable options in the maritime industry.
Mr. Ashwani Gupta, the CEO of APSEZ, highlighted the company’s collaboration with Cochin Shipyard to enhance India’s maritime infrastructure. The partnership underscores APSEZ’s confidence in India’s PSUs and commitment to supporting the country’s development. By leveraging local manufacturing capabilities and adhering to international standards, APSEZ aims to contribute to India’s ‘Make in India’ initiative.
After a NATO summit in Helsinki, Finnish President Alexander Stubb revealed that the tanker Eagle S nearly caused more damage to subsea infrastructure before Finland intervened. Suspected of breaking cables connecting Finland and Estonia, the vessel was intercepted by Finnish forces. Concerns arise over deliberate actions targeting vital connections in the Baltic Sea region.
In collaboration with UniBallast, BV in Rotterdam, Scienco/FAST has launched the InTankFITT® container, a portable version of its filterless ballast water treatment system, InTank®. This innovative solution ensures regulatory compliance and enhances operational efficiency for the maritime industry. The containerized system simplifies ballast water management.
NYK and Akita Eisen KK have joined forces to create Japan Offshore Support (JOS), a company dedicated to ship maintenance and management for offshore wind projects. JOS will focus on training local seafarers and maintaining crew transfer vessels for offshore wind power generation. The partnership aims to support renewable energy initiatives.
The Magna Carta of Filipino Seafarers, aligned with international maritime standards, has been officially enforced with the signing of its Implementing Rules and Regulations by the DMW and Marina. President Marcos Jr. emphasized the law’s commitment to seafarers’ protection, fair compensation, and access to benefits, marking a historic milestone in the industry.
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