The product tanker sector is preparing for a significant increase in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT) in 2025. This surge, amounting to a 256% increase from 2024’s 3.4m DWT, is a pivotal topic for maritime industry stakeholders. (more…)
The maritime industry is experiencing a significant digital transformation, with artificial intelligence (AI) emerging as a pivotal player in enhancing safety management systems. As new regulations and procedures introduce increasing demands on seafarers, companies like WiseStella are leveraging AI to alleviate the cognitive burden and bolster safety across the global fleet.
The recent seizure of the Eagle S tanker in Finland has sparked significant attention within the maritime industry. The incident highlights the complexities
The maritime industry is no stranger to the ripple effects of geopolitical tensions and sanctions. As the Trump administration prepares to take office, their sanctions strategy is set to significantly influence the global oil market and maritime trade. This post explores the potential impacts of upcoming sanctions on Russia, Iran, and Venezuela, and their repercussions on the maritime industry.
(more…)
The recent ceasefire between Hamas and Israel has brought attention to the potential reopening of crucial maritime routes. For the shipping industry, particularly major players like Maersk and Hapag-Lloyd, the Red Sea (more…)
The maritime industry is witnessing a significant shift as the cost of shipping Russian ESPO crude to China has surged following the imposition of stringent sanctions by the US. This geopolitical dynamic (more…)
The escalating geopolitical situation is presenting unprecedented challenges for the shipping sector and the broader supply chain. An expanding shadow fleet, engaged in illegal Ship-To-Ship (STS) transfers of Russian oil and Liquified Natural Gas (LNG), has exacerbated long-standing issues related to dark shipping, which threatens national security, vessel safety, and raises concerns about environmental disasters and supply chain disruptions. In response, the International Maritime Organization (IMO) issued Assembly Resolution A.1192(33) in December 2023, urging stakeholders to address the shadow fleet problem. However, the reliance on the Automatic Identification System (AIS) for vessel tracking remains a significant hurdle. (more…)
The maritime industry is facing new challenges as U.S. sanctions impact the global oil trade. Recent developments have seen Russian oil being discharged at Chinese ports, highlighting the complexities of international relations and maritime operations. (more…)
The maritime industry’s demand for skilled welders is on the rise, making welding education and scholarships more crucial than ever. The American Welding Society (AWS) Foundation has announced it is now accepting scholarship applications for 2025 from welding students across North America. With a deadline of March 1, 2025, this opportunity is set to empower the next generation of welders, bolstering the maritime industry and other critical sectors. (more…)
The maritime industry is witnessing a significant shift with the advent of unmanned surface vessels (USVs). A testament to this evolution is the successful delivery of REACH REMOTE 1, a 24-metre USV designed by Kongsberg Maritime. (more…)