South Korea’s policy bank has significantly invested in Amogy, a clean power company innovating hydrogen fuel cells using ammonia. This technology decomposes ammonia into nitrogen and hydrogen, enabling zero emissions. With a recent $23 million funding boost, Amogy aims to enhance its market presence in Asia and develop green propulsion technologies.
Exporters are exploring the shift of freight operations from Bandar Abbas to Chabahar due to the rising Iranian-Israeli conflict threatening vital trade routes. With air freight costs already up 15%, further increases loom. Discussions to enhance connectivity to Uzbekistan aim to mitigate disruptions while ensuring robust trade across affected regions.
Due to rising tensions between Israel and Iran, Maersk has temporarily halted shipping operations at Haifa port. While no other disruptions have been reported, the conflict escalated after Israel’s airstrikes against Iranian sites, prompting counterattacks from Iran, further complicating international trade and security in the volatile region.
Kongsberg Maritime has launched K-Sail, a service to help vessel owners integrate wind-assist technology, addressing the need for reduced fuel consumption and emissions. By optimizing existing systems and focusing on collaboration, K-Sail aims to enhance operational efficiency, with pilot projects already underway, promising significant fuel savings for customers.
Union Maritime has launched SeaBreeze, a new lease financing program aimed at encouraging the adoption of wind-assisted propulsion systems in the maritime industry. Offering 100% financing, the initiative addresses the challenges of traditional bank financing, making sustainable technologies more accessible for shipowners working towards emissions targets.
Heavy rains and strong winds are disrupting shipping in the Bay of Bengal, forcing many vessels to seek shelter along the Bangladesh coast. While Chattogram port remains operational, forecasts predict adverse weather will continue. Reports indicate at least four ships have run aground, with severe conditions expected to persist.
Italian start-up Newcleo, in collaboration with Fincantieri and Pininfarina, has unveiled concepts for innovative small fission power plants. Aiming to transform energy for shipping, this fourth-generation nuclear reactor emphasizes safety and sustainability. Displayed at a design fair, it seeks to reshape public perceptions of nuclear energy with advanced technology.
The Global Maritime Forum’s inaugural Impact Report highlights efforts to create a greener, fairer maritime industry in 2024. Key achievements include promoting green shipping corridors and engaging industry leaders in decarbonization strategies. The report also emphasizes seafarer well-being and maritime transparency, showcasing a commitment to sustainability in global trade.
The Directorate General Shipping has introduced the Standard Operating Process (SOP) for the security of mechanized sailing ships, also known as Dhows, in 2025. This SOP includes new measures such as Isro-NotAlarms transmitters and AIS class transponders to enhance tracking and surveillance. The aim is to uphold maritime traditions while addressing modern security challenges.
Crowley’s new LNG-powered containership, Quetzal, has set sail on its maiden commercial voyage, ushering in a new era in ocean shipping. The vessel can carry up to 1,400 TEUs and runs on cleaner LNG fuel. Designed for efficiency and versatility, these ships promise faster and more frequent services to various destinations.
The Sustainable Maritime Fuels Collaborative (SMF Collaborative) has been launched in the Pacific Northwest to promote sustainable maritime fuels and zero-emission technologies. With support from key organizations, the initiative aims to achieve net-zero emissions by 2050, aligning with international climate goals to enhance the region’s competitiveness in the global shipping industry.
The decarbonization of the shipping industry requires not just vessel modifications but also crew training. Dimitris Fafalios stressed the need to prioritize seafarers in this transition, urging collaboration among stakeholders to provide upskilling opportunities. Training must address cybersecurity risks and complement technological advancements to ensure a competitive and sustainable maritime sector.
Lloyd’s Register’s Global Maritime Trends 2025 Barometer highlights the challenges facing the global shipping industry in achieving net-zero and digital transformation goals. Fragmented regulation hinders decarbonization progress and limits investment. Without global regulatory support, the industry may fall short of its ambitions. The report emphasizes the need for coordinated regulation and workforce development for successful transitions.
A tender issued by the Deendayal Port Authority in Mumbai has attracted offers from six groups, including Shipping Corporation of India Ltd, Polestar Maritime Ltd, and Netincon Marketing Pvt Ltd. The tender is for the hire of an electric tug, marking the first such initiative in India in 15 years.
At the fourth National Sagarmala Apex Committee meeting in Delhi, Andhra Pradesh Minister BC Janardhan Reddy emphasized the state’s commitment to maritime growth. He outlined plans to develop an Indian Maritime Center, enhance GDP, and establish a harbor in Bapatla, seeking central support for these initiatives to strengthen India’s maritime prowess.
