Genco Rejects Diana Shipping Offer
Genco Shipping & Trading Limited has firmly pushed back on takeover interest from Diana Shipping Inc., with its board unanimously rejecting a non-binding $20.60-per-share cash proposal that it says "significantly undervalues" the company and carries unacceptable execution risk.In a statement released January 13, Genco Shipping & Trading Limited said its board, acting on the recommendation of an independent committee and advised by external financial and legal counsel…
Akastor’s DDW Offshore Sells AHTS Vessel for $23M
Norwegian offshore vessel owner DDW Offshore, a subsidiary of Akastor, has completed the sale of Skandi Atlantic anchor handling tug supply (AHTS) vessel.The purchase price for the vessel is $22.5 million, Akastor said, without disclosing further details about the buyer.Built in 2012 and featuring STX AH08 design, the Skandi Atlantic is a high powered AHTS vessel designed for operations across a wide…
EU Backs Øresund CCUS Cross-Border Scheme
The European Union has awarded funding to support the development of carbon capture, utilization and storage (CCUS) in the Øresund region, backing a cross-border project aimed at accelerating renewable energy use and enabling the production of sustainable fuels.The three-year project is supported by financing from the Interreg Øresund-Kattegat-Skagerrak program and will establish a Danish-Swedish collaboration…
Coach Solutions, ClassNK to Streamline Verification of Vessel Emissions Data
Coach Solutions, a Kongsberg Company, and classification society ClassNK have partnered to deliver an automated emissions data verification process for their mutual clients.The companies said the process creates a seamless experience for shipowners and Document of Compliance holders who need to extract, standardize, verify and share vessel data for transparent use by stakeholders.The integration with ClassNK is a strategic partnership that…
NYK Names Dual-Fuel LPG Carrier Newbuild
A newly built very large gas carrier (VLGC) was named Lucent Pathfinder at a ceremony held at Kawasaki Heavy Industries’ Sakaide Works, marking the seventh dual-fuel LPG carrier using LPG ordered by NYK.The vessel, which will be chartered by United Arab Emirates-based LPG trader BGN INT DMCC, is designed for the global transportation of liquefied petroleum gas and is capable of operating on both heavy fuel oil and LPG.The naming ceremony was attended by around 30 stakeholders.
China's Coal Imports Slump
"In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.China is the world’s largest importer of coal and the destination of 28% of seaborne coal shipments, which account for 4% of dry bulk tonne mile demand.
Tailwind Shipping Lines Uses CargoWise to Simplify Booking
WiseTech Global and Tailwind Shipping Lines, a subsidiary of Lidl, one of Europe’s largest retailers, have announced direct data integration to enable freight forwarders to plan, book, confirm and manage shipments in real-time from within the CargoWise logistics execution platform.Tailwind Shipping Lines operates three liner services which connect key regions across the world: the Panda Express Service (PAX) between China and the Mediterranean…
Gulf Island Shareholders Vote to Approve Acquisition by IES Holdings
Gulf Island Fabrication has announced that the acquisition of the company by IES Holdings was approved at its special meeting of shareholders held on January 13.The strategic rationale for IES is:Strategically located Gulf Coast fabrication campus: Gulf Island’s Houma, Louisiana facility, which consists of a 450,000-square foot fabrication and operations facility on 160 acres, offers a strategic complement…
US Files for Warrants to Seize Dozens More Tankers
The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, four sources familiar with the matter said, as Washington consolidates control of oil shipments in and out of the South American country.The U.S. military and Coast Guard have seized five vessels in recent weeks in international waters that were either carrying Venezuelan oil or have done so in the past.
Singapore Boasts Record 2025
Singapore posted record port performance in 2025, supported by resilient global trade and fuel offtake.The nation achieved a record of 3.22 billion gross tonnage (GT) of vessel arrivals and 44.66 million TEUs of container throughput in 2025 – a 3.5% and 8.6% increase from 2024, respectively.Marine fuel sales also hit a new high at 56.77 million tonnes, a 3.4% increase from 2024, with continued growth in the use of alternative marine fuels…
Blue Water Surpasses 1000 Hours of Ocean-Based Testing
This week, the Blue Water team reached a milestone in their journey: surpassing 1000 hours of ocean-based testing of their proprietary propulsion system designed for autonomous surface vessels. Achieving this milestone surpasses the Navy’s original 720-hour land-based test requirement while also including the addition of fuel polishing, electric power generation, and a full sensor suite.Meeting the Navy's VisionAs the Navy expands its fleet of uncrewed ships to execute transoceanic missions…
Great Lakes Limestone Trade Down in 2025
Limestone shipments on the Great Lakes totaled 26.6 million tons in 2025, a decrease of 5.9 percent compared to the previous year. 2025’s loadings were below the trade’s 5-year average by 6.7 percent.Shipments from U.S. quarries decreased 5 percent from 2024 to 21.7 million tons. Loadings from U.S. quarries were also 5 percent below their 5-year average.2025 shipments from Canadian quarries totaled 4.9 million tons…
Fluid Marine Appoints Tony Van Meter as Executive Vice President
Fluid Marine, a U.S. builder of mission-ready rigid inflatable boats for law enforcement, search and rescue, and commercial operators, announced today that Tony Van Meter has joined the company as Executive Vice President, effective January 12, 2026.Van Meter brings more than three decades of experience in the maritime industry, with a career that began in operational service with the United States Coast Guard…
PhilaPort Closes 2025 With Record Container Volume, Leading U.S. East Coast Growth
PhilaPort capped off a milestone year in 2025, posting record container throughput and outperforming national and regional trade trends to remain a leader among U.S. East Coast container ports.PhilaPort handled a record 889,268 twenty-foot equivalent units (TEUs) in 2025, representing a 6% year-over-year increase in container volume. This result exceeded overall U.S. trade growth projections of approximately 3%, underscoring Philadelphia’s continued strength in the container market.
Towboat M/V Al Sloss Delivered to Canal Barge
C&C Marine and Repair has delivered the M/V Al Sloss to Canal Barge Company, completing the first vessel in a four-boat newbuild series currently under construction for the New Orleans-based operator.The 2,600-horsepower, 87- x 34-ft. towboat was designed by C&C Marine and Repair’s in-house engineering team and constructed on an accelerated schedule, with delivery completed in approximately six months.Delivery…
British Prosecutors Accuse Solong Captain of Neglect in Stena Immaculate Crash
The captain of a container ship that crashed into a U.S. tanker off Britain's east coast last year did "absolutely nothing" to prevent an avoidable and fatal collision, British prosecutors said on Tuesday as his trial over a crew member's death began.Russian national Vladimir Motin, 59, was captain of the Portuguese-flagged Solong which was heading to Rotterdam in the Netherlands when it hit the Stena Immaculate tanker…
Echandia to Deliver Battery System for India’s First Fully Electric Tugboat
Echandia has been selected to supply the battery system for India’s first fully electric tug, to be deployed at Deendayal Port Authority (Kandla Port) as part of the Government of India’s Green Tug Transition Program. The vessel will be equipped with a 4.4 MWh Echandia battery system, enabling zero-emission operation at one of India’s most important port hubs.The battery system is designed for a 15-year lifetime…
Satcom Global Launches Aura Citadel IT Management Solution
Satcom Global has announced the launch of Aura Citadel, an on-vessel IT management and security solution providing simplicity, protection and control across the maritime IT environment.Vessels with Aura Citadel on board benefit from the combination of a simplified on-vessel business network improving order and resiliency, robust cyber security features and fast comprehensive disaster recovery. The…
OrbitMI Appoints Kazuo Yamashita as Business Development Partner for Japan
OrbitMI, a provider of maritime SaaS and a voyage optimization platform used by shipowners and operators worldwide, announced its expansion in Japan to support its growing customer base and expanding partner ecosystem in the region. To lead its Japan presence, OrbitMI has appointed Kazuo Yamashita as Business Development Partner, Japan. Yamashita-san will oversee business development, partnerships…
Unidentified Drones Strike Three Oil Tankers in Black Sea
Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as they were on their way to load crude at a terminal on Russia's coast, sources told Reuters.The attacks come as Kazakhstan's oil production, most of which is exported via the terminal, cratered in early January.It was not immediately clear who was behind Tuesday's strikes. Ukraine did not immediately comment.
