The Global Center for Seyime Decarbonization launched the world’s first maritime pilot for an integrated carbon dioxide value chain on June 25, 2025. Utilizing 25.44 tons of captured CO2 from the MV Province, the project in Inner Mongolia aims to produce low-carbon calcium carbonate, demonstrating significant potential for sustainable building materials and maritime decarbonization.
India has inaugurated its first maritime sector Non-Banking Financial Company (NBFC), Sagarmala Finance Corporation Limited (SMFCL). Minister Sarbananda Sonowal highlighted its role in bridging financing gaps for ports, startups, and institutions. With a Tier 1 capital of ₹680 crore, SMFCL aims to provide tailored financial solutions to various stakeholders.
The maritime sector is poised for a digital transformation with SATMAR, a 6U nanosatellite launching on June 21 via SpaceX. Developed by Alen Space, this initiative aims to validate the VHF Data Exchange System (VDES), enhancing data transfer efficiency and maritime safety while replacing the current Automatic Identification System (AIS).
The shipping industry’s pursuit of net-zero carbon emissions has intensified interest in biofuels, which are compatible with existing engines. However, Rystad Energy’s analysis reveals a significant gap between biofuel production capacity and demand, raising concerns over supply limitations. The upcoming Rystad Talks Energy webinar will explore solutions for maritime leaders.
Harwich Haven Authority has proudly introduced its first all-female crew, featuring coxswain Lucy McGain and marine apprentice Jorden Gleave. Celebrating International Day for Women in Maritime, they aim to inspire women to pursue maritime careers. Jorden highlights the diverse opportunities in the industry, while CEO Sarah West champions female representation.
V.Group has partnered with International Seaways to launch a female cadet program aimed at increasing inclusivity in the maritime workforce. Addressing the industry’s gender disparity, the initiative offers female cadets tailored facilities, workwear, and mentorship from senior officers, fostering a safer and more supportive environment at sea.
The FuelEU Maritime regulation could unexpectedly benefit the shipping industry financially, potentially generating a net gain of around USD$279 million. While an initial compliance gap of 0.8 million metric tons of CO₂e exists, using biofuels to address this could lead to significant revenue opportunities, particularly if operators implement surcharges.
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.
India’s ambitious plans to invest in its maritime industry have attracted the attention of Dutch shipbuilder Damen, who recently signed a memorandum of understanding with Square Port Shipyard to develop a shipyard in India. This partnership aims to bring Damen’s expertise and technology to the region, supporting India’s growing maritime sector and economic development.
Swiss engineering giant ABB has developed a revolutionary biomimetic technology inspired by the swimming motion of whales. The Dynafin propulsion system replicates efficient swimming techniques, potentially transforming how vessels navigate seas. Achieving up to 81% efficiency, the system reduces fuel consumption by 22% and CO₂ emissions. This innovative approach combines robotics expertise with nature’s design principles.
Leaders in the maritime industry recently gathered at SMW 2025 to discuss the challenges and opportunities in the sector. Jeremy Nixon highlighted political processes and security issues affecting container trade, while Zahid Osman emphasized the impact of conflict on global trade. James Marshall shared optimism about market recovery and the industry’s strategies for decarbonization.
India and UAE have entered a transformative phase in bilateral relations, signing eight strategic agreements to foster a sustainable, innovation-driven future. This milestone, marked by Crown Prince Sheikh Hamdan Bin Mohammed’s visit, emphasizes collaboration in green logistics, healthcare, and education, paving the way for a climate-resilient, tech-integrated trade ecosystem.
The sixth round of the Clean Maritime Demonstration Competition (CMDC) is now open for bidders until April 16, 2025. This UK government-funded initiative aims to support the maritime industry in achieving net zero emissions. UK-registered organizations can apply for a share of a £30 million fund to develop innovative clean maritime technologies and skills.
In a recent meeting between Prime Minister Modi and Thailand’s Paetongtarn Shinawatra, India and Thailand solidified their bilateral relationship through strategic partnerships. Agreements were signed to enhance cooperation in digital technologies, maritime heritage, small industries, and aligning policies. The focus on crucial sectors like defense and security highlights the commitment to mutual growth and friendship.
Indian maritime veteran Vijay D Chafekar has been appointed as the new Executive Director of the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP) Information Sharing Centre in Singapore. With 37 years of experience, he aims to continue efforts in curbing piracy and sea robbery incidents in Asia through effective information sharing.
