42-year-old ferry fire fatality: safety analysis of veteran passenger ships
Crew death on 42-year-old World Legacy ferry after deck fire; 271 passengers evacuated. Analysis highlights risks in older vessels and safety upgrades.
Hong Kong Tanker Evades Sanctions with Russian Diesel to Cuba
Hong Kong-flagged tanker transports Russian diesel to Cuba via ship-to-ship transfer near Cyprus, first since January amid U.S. sanctions and fuel crisis.
Altai Shipper Launched for Cell and Gene Therapies with 96-Hour Cold Chain
Cold Chain Technologies and Gobi Technologies launch Altai shipper, maintaining +2°C to +25°C for 96 hours without power, enhancing maritime logistics for advanced therapies.
Argentina weighs 300-tonne compact submarines for underwater defence revival post-Falklands
Argentina considers compact submarines under 300 tonnes to restore underwater power 40 years after the Falklands War, targeting 1 million km² of shallow coastal waters for enhanced maritime defence.
Baltic Dry Index rises 1.2% as capesize rates rebound after three-day fall
Baltic Dry Index rises 1.2% to 2,043 points as capesize index jumps 1.7% to 3,051, driven by iron ore and coal demand in dry bulk shipping.
GTT secures 45 orders in 2025, 25% revenue growth third year running
GTT’s 2025 results show 45 new orders, 25% revenue growth, and 40% EBITDA increase for the third consecutive year, driven by LNG shipping demand.
Spanish LNG Carrier Teak Scrapped in India at $421/Ton After 20 Years
LNG carrier Teak scrapped in India on Feb 18 at $421/ton, totalling $12.5M. Highlights accelerated retirement of first-generation gas ships due to regulations and inefficiency.
Nauta AI Cuts Tariff Claims to Minutes After US Supreme Court Ruling
Nauta’s AI module slashes tariff calculation time from weeks to minutes after US Supreme Court overturns IEEPA duties, enhancing shipper liquidity in maritime logistics.
US Supreme Court Overturns 25% Tariffs Under IEEPA, Easing Maritime Trade Uncertainty
US Supreme Court invalidates 25% tariffs imposed under IEEPA, reducing legal uncertainty for global maritime trade and potentially lowering costs for shippers and logistics operators.
US Navy Eyes Mixed Submarine Fleet for 80% Cost Savings and Littoral Boost
US Navy considers mixed submarine fleet with up to 80% cost savings as nuclear numbers fall to 46 by 2030, using AIP and lithium-ion batteries for enhanced coastal stealth.