The Nigerian government has launched the Cabotage Vessel Financing Fund (CVFF) Application Portal, aimed at improving local ship ownership financing. Minister Dr. Adegboyega Oyetola emphasized its role in reducing reliance on foreign vessels and fostering economic growth. The initiative addresses financing gaps for local shipowners, promoting maritime safety and job creation.
The Hydromover 2.0, an all-electric light cargo transfer vessel by Incat Crowther, has launched in Singapore. Building on its predecessor, it boasts a 30-ton payload and enhanced energy efficiency. With advanced digital features and a commitment to decarbonization, it marks a significant step forward for Singapore’s harbor craft fleet.
The Karnataka Maritime Board (KMB) has identified ten islands for tourism development, with three in Udupi and seven in Uttara Kannada. Utilizing a public-private partnership model, the KMB plans to invest approximately ₹313.5 crore to enhance maritime transport, integrating tourism and commerce along Karnataka’s coast.
The Spirit of Mulgumpin, a 22-meter tour vessel by Incat Crowther, has launched for The Tour Collective in Queensland’s Moreton Bay Marine Park. Designed for optimal passenger comfort, it features a stern swimming platform, beach landing capabilities, and spacious decks, enhancing the experience for snorkeling and recreational activities.
Fincantieri’s Marghera shipyard has successfully floated out the Seven Seas Prestige, an ultra-luxury cruise ship for Regent Seven Seas Cruises. This new vessel, weighing 76,550 gross tons and measuring 257 meters, will accommodate 822 passengers with a crew of 630, ensuring an exceptional service experience. The ship features the largest suite ever on a cruise ship.
Union Minister Sarbananda Sonowal virtually inaugurated India’s first all-electric green tug on Wednesday, marking a significant milestone in sustainable maritime operations. Designed for the Deendayal Port Authority, this tugboat is part of the Green Tug Transition Programme, aiming to decarbonize the maritime sector and promote clean energy solutions.
VPS has launched Maress 2.0, a cutting-edge digital platform aimed at marine decarbonization. This upgraded version enhances the monitoring of engine performance and emissions for offshore vessels, providing robust analytics and high-resolution insights. Key features include flexible reporting, integrated weather data, and support for alternative fuels, ensuring reliable data for optimizing fleet efficiency.
Iridium Communications Inc. has unveiled the Iridium PNT ASIC, a compact chip offering authenticated positioning, navigation, and timing data. Measuring just 8mm by 8mm, it connects to the Iridium satellite network, providing a signal 1,000 times stronger than GPS. This innovative solution aims to combat jamming and spoofing threats in various sectors.
On October 28, 2025, the Dredging Corporation of India Limited (DCIL) celebrated a milestone with the inauguration of its pavilion at India Maritime Week 2025. Chairman Dr. M. Angamuthu praised the engaging exhibits, highlighting the team’s dedication and meticulous planning, which showcased DCIL’s contributions to India’s maritime infrastructure.
Odisha is set to spotlight its maritime and green energy initiatives at the India Maritime Week (IMW) 2025 in Mumbai, from October 27 to 31. Key highlights include the introduction of the Odisha Inland Vessel Rules, 2025, aimed at enhancing inland water transport and promoting maritime governance across the state.
The Peninsula Maritime Simulation Suite, funded by Peninsula, enhances cadet education and professional development at the University of Gibraltar. This state-of-the-art facility meets UK Maritime and Coastguard Agency training requirements, solidifying Gibraltar’s status as a global maritime hub while supporting the BSc (Hons) Maritime Science and Cadetship program.
Oceanbird has unveiled its first prototype wing sail, Wing 560, in Sweden, marking a pivotal advancement in wind-assisted propulsion. Standing 40 meters tall and crafted from recycled materials, this innovation could reduce fuel consumption by 10% and emissions by up to 90%. Full installation is planned for 2026.
Prime Minister Narendra Modi laid the foundation for key projects in Bhuj, Kutch, emphasizing the Deendayal Port Authority (DPA) as a green hydrogen hub under the National Green Hydrogen Mission. Investments over ₹1,100 crores aim to modernize infrastructure, enhance clean energy initiatives, and boost regional economic growth toward a Developed India by 2047.
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.
RobotPlusPlus showcased its innovative cargo hold cleaning robot, the HighMate C20, at Sea Asia 2025 in Singapore. This robot is designed to streamline maritime cleaning tasks, making cargo hold cleaning more efficient and safer. It can cover up to 95% of the hold’s surface, reducing the need for manual cleaning at heights and minimizing risks.
