Coratia Technologies, an Odisha-based startup, has secured a ₹66 crore contract with the Indian Navy to supply and maintain its indigenously developed Underwater Remotely Operated Vehicles (UWROVs). This significant move enhances naval capabilities and emphasizes self-reliance, supporting India’s ‘Make in India’ vision amid increasing geopolitical uncertainties.
Svitzer has signed a global EcoTow agreement with Wallenius Wilhelmsen, advancing their decarbonization efforts. The partnership aims to reduce Scope 3 emissions in Svitzer’s global operations, using biofuels in tug jobs in key markets. This collaboration reflects a growing demand for voluntary emissions reduction schemes and sets a positive example for the maritime industry.
Fincantieri and TUI AG have signed a MoA for two new cruise ships for Marella Cruises, worth over $2.1 billion. The ships, designed for the English market, focus on sustainability and luxury. Fincantieri will deliver them in 2030 and 2032. This marks a significant milestone for Marella Cruises.
The United Nations stresses the need for an agreement on freedom of navigation in the Black Sea to safeguard civilian vessels and port infrastructure, vital for global food security. Despite recent agreements between the U.S., Ukraine, and Russia, tensions remain high. Diplomatic efforts are crucial to ensure safe navigation in the region.
Singapore and India have signed a Letter of Intent to collaborate on maritime digitalization and decarbonization efforts. The agreement aims to establish a formal partnership through a memorandum of understanding for a Singapore-India Green and Digital Shipping Corridor. This initiative will drive innovation and progress in the field of maritime sustainability.
The US Federal Maritime Commission has approved the Premier Alliance Agreement to start on February 9, 2025, replacing THE Alliance. Hapag-Lloyd has joined the Gemini Cooperation with Maersk instead. The Premier Alliance involves HMM, ONE, and Yang Ming sharing vessels on trade routes between the US and Asia, the Middle East, and Europe.
