The Bench of Justice Ma Abdul Hakim has ordered the arrest of the MSC Akita II, valued at ₹9,531 crore, pending a July 10 hearing. The decision follows environmental claims citing pollution damages linked to the sunken MSC ELSA, impacting local fisheries and resulting in significant losses for fishermen.
The Kerala High Court has ordered the conditional arrest of the vessel MSC Polo II, following the capsizing of its sister ship, MSC ELSA 3. This decision arises from a petition by Sans Cashew India Private Ltd, claiming losses of Rs 74 lakh due to cargo damage. The vessel may be released upon the submission of a demand draft.
In January 2025, 12 new orders for alternative-fueled vessels were placed in the container segment, continuing a trend from the previous year. While lower than previous months, the outlook remains positive as the industry shifts towards more sustainable practices. LNG dominates the orderbook, reflecting strong demand for eco-friendly shipping solutions.
Viking has ordered two more cruise ships from Fincantieri, bringing the total to 10. The collaboration began in 2012, resulting in the launch of Viking Star in 2015. The new ships will be larger, accommodating 998 passengers. Fincantieri has a busy schedule with orders from various cruise lines, indicating a resurgence in the industry.
French sail shipping company TOWT announced ambitious plans for carbon-free cargo shipping, with strong demand and support from investors for six additional vessels. The vessels, each 1,000 tons, will carry up to 1,100 tons of cargo. TOWT aims for 500 ships by 2050, reducing carbon emissions by 95% compared to conventional ships.
Royal Caribbean Group has entered an agreement to order another giant cruise ship, expanding its post-pandemic prospects. The new Oasis-class ship will be the group’s seventh and is expected to arrive in 2028. With the cruise industry showing signs of growth, shipyards are eager to continue building back their long-term business prospects.
Carnival Corporation and Fincantieri are rumored to be finalizing a $5 billion new cruise ship construction order, breaking the drought on large cruise ship orders since the pandemic. The order would break records in ship size and dollar value, reiterating Carnival’s leadership in the industry.
Ocean Network Express (ONE) is investing in methanol dual-fueled containerships, part of a $20 billion fleet and operations strategy. The vessels, to be delivered in 2027, will have a capacity of 13,000 TEU and feature state-of-the-art technologies for fuel efficiency and GHG emissions reduction. The move aligns with ONE’s sustainable goals.
