Easing Red Sea crisis might squeeze LR rates amid ballooning fleet

The Houthis’ recent announcement to halt attacks on vessels transiting the Red Sea is a positive development for Suez Canal traffic. However, given their history of frequently shifting positions, the industry remains cautious about any near-term normalisation of flows through the Canal. Nonetheless, any reduction in the security risk premium and the corresponding restoration of …

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MAMII brings European maritime leaders together to accelerate methane measurement and abatement

Discussions addressed how industry and regulators can speed up credible measurement and abatement solutions across global fleets. The Methane Abatement in Maritime Innovation Initiative (MAMII) hosted its first event in Brussels last week, bringing shipowners, engine designers, technology providers and EU policymakers together to accelerate efforts to reduce methane emissions from shipping. Led by Safetytech …

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NYK Determines Terms and Conditions for Floating and Fixed Rate Transition Bonds


NYK Line has set the terms and conditions of the unsecured corporate bonds (transition bonds, No. 50 and No. 51) announced on November 12. Transition Bond Summary (Floating Rate Bond) Transition Bond Summary (Fixed Rate Bond) Prior to the execution of the transition financing, NYK obtained a second-party opinion from DNV regarding NYK’s financial framework. …

NYK Determines Terms and Conditions for Floating and Fixed Rate Transition Bonds
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ClassNK grants Innovation Endorsement for Products & Solutions to ‘Hydroponic Vegetable Grower for Ships’ developed by HSN-KIKAI KOGYO

ClassNK has granted its Innovation Endorsement for Products & Solutions to ‘Hydroponic Vegetable Grower for Ships’ developed by HSN-KIKAI KOGYO Co., Ltd. ClassNK has confirmed that the ‘ELW’ notation (HP)＊- Hydroponics, which indicates ships where efforts are being made to improve the living and working environments on board, can be applied to ClassNK-registered vessels equipped …

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Joint Firefighting Drill Conducted with Yokohama City Fire Bureau simulating a moored vessel fire

Kawasaki Kisen Kaisha, Ltd. (“K” Line) conducted a fire drill on November 21, 2025 at Daikoku-futo C4, Yokohama Port, which is managed by Yokohama Port Corporation. TETHYS HIGHWAY,* a car carrier operated by “K” Line, was used in the drill, which was carried out jointly with the Yokohama City Fire Bureau. It was the first …

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La formación se centra en la armonización de la supervisión por el Estado rector del puerto en África Occidental y Central

Un taller regional organizado por la Organización Marítima Internacional (OMI) en Lagos (Nigeria) ha reforzado la capacidad de supervisión por el Estado rector del puerto (PSC) en África Occidental y Central mediante la creación de un grupo de formadores nacionales que, a su vez, formarán a los oficiales de supervisión por el Estado rector del …

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Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls

Emerald Isle has unveiled the location where its new strategic gas reserve (SGER) will be situated as a floating storage and regasification unit (FSRU). This FSRU will be owned and operated on behalf of the Irish state by Gas Networks Ireland, which operates and maintains Ireland’s €3 billion, 14,758 kilometers national gas network, said to …

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Scotland’s clean energy zest grows as it signs off on new subsea cable link and Banniskirk Hub

Scottish transmission system operator (TSO) SSEN Transmission has collected all permissions needed for a high voltage direct current (HVDC) subsea cable link between Sinclair’s Bay in Caithness and Rattray Head near Peterhead, thanks to a marine license for the subsea electricity transmission project and a planning consent for a clean energy project that will see …

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