Mitsui O.S.K. Lines (MOL) has received approval in principle from ClassNK for specialized vessels designed for subsea power cable jointing and burial. This project, in collaboration with Sumitomo Electric, Furukawa Electric, and NYK Line, aims to enhance power transmission integrity, particularly for offshore wind energy connections in Hokkaido.
The Union government has approved a ₹887 crore marina project in Mumbai Harbour, set to enhance maritime tourism. The Mumbai Port Authority will invest ₹470 crore for infrastructure, while a private operator contributes ₹417 crore. Spanning 12 hectares, the marina will accommodate 424 yachts and create over 2,000 jobs.
ClassNK has granted a General Design Approval (GDA) for a revolutionary low-pressure liquefied CO2 cargo tank developed by Mitsubishi Shipbuilding Co., Ltd. This approval, a world first for tanks made from KF460 steel, eliminates the need for post-weld heat treatment, enhancing efficiency in tank manufacturing while ensuring safety and compliance.
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.
Nippon Kaiji Kyokai (ClassNK) has granted SRC an Approval in Principle (AiP) for its innovative tank design, Methanol Superstorage. Utilizing Sandwich Plate System technology, it nearly doubles storage capacity for methanol and ethanol compared to conventional tanks, addressing challenges related to methanol’s lower energy density. This marks a significant industry milestone.
In a significant step to boost India’s maritime economy, the Union Cabinet approved a ₹69,725 crore reform package to modernize the shipbuilding industry. Union Minister Ashwini Vaishnaw emphasized the initiative’s goal: positioning India as a global hub for shipbuilding, thereby generating jobs and investment opportunities.
3t, a leader in safety-critical training, has received accreditation from the Transport General Authority for its maritime programs in Dammam. This endorsement aligns with international standards, enhancing Saudi Arabia’s maritime workforce skills. Hani Sagr emphasized its role in fostering local talent and meeting regional needs, supporting Vision 2030 goals.
Adani Vizhinjam Port Company has secured initial approval from the Customs and Central Excise Department to handle export-import cargo at Vizhinjam Port. Final clearance from Kochi Customs is expected soon. This approval marks Vizhinjam as a significant trade gateway, encouraging customs firms to establish a presence at the port.
Mazagon Dock Shipbuilders Limited has received approval to establish a floating dry dock at Nhava, near Mumbai, following endorsement from the Maharashtra Coastal Zone Management Authority (MCZMA). This facility will enhance the shipyard’s capabilities, currently busy with various defense vessel constructions, aiming for next-gen destroyers and aircraft carriers.
The Sri Lankan Cabinet has approved the establishment of Colombo Eastern Container Terminal (Private) Limited to manage the Eastern Container Terminal at Colombo Port. This initiative aims to enhance economic returns and operational efficiency while ensuring competitiveness against private operators, all while remaining under the Sri Lanka Ports Authority’s ownership.
ABS has granted approval in principle (AIP) to HD Hyundai Heavy Industries and HD Korea Shipbuilding & Offshore Engineering for a floating small modular reactor (SMR) power module. This innovative design aims to generate electricity offshore, supporting port facilities and surrounding communities while promoting clean energy solutions.
India has authorized three Russian insurers, including Sberbank’s insurance unit, to provide marine coverage for ships at its ports. This decision supports Moscow’s oil supplies to India, its largest seaborne oil market after China. The permits for these insurers are valid until February 20, 2026, despite ongoing sanctions.
Saudi Arabia has officially approved Starlink satellite internet for maritime and aviation use, as announced by SpaceX CEO Elon Musk on May 13. This endorsement enhances connectivity in these sectors. Additionally, Musk revealed plans for Tesla robotaxis in Saudi Arabia, aligning with the Kingdom’s vision for advanced technology and infrastructure.
The Mangaluru Water Metro project has gained approval from Chief Minister Siddaramaiah, connecting Bajal to Maravoor via the Netravati and Gurupura rivers. This initiative, part of a broader inland transport plan, aims to establish a training center and enhance regional cargo handling, marking a significant step for Karnataka’s water transport ambitions.
ClassNK has granted approval in principle to Mitsubishi Shipbuilding for their Onboard Carbon Capture and Storage system. This certification confirms the system’s feasibility in meeting regulatory and safety standards. The OCCS is part of efforts to reduce greenhouse gas emissions from ships, aligning with the industry’s focus on CO2 capture methods and fuel conversion.
