Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have found that transition to the low-carbon fuel looks prohibitively expensive.
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during this period are expected to be delivered during this and next year,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Of the 59.3 million DWT expected to be delivered until the end of 2026, the panamax segment accounts for 33.9% while supramax accounts for 28.3%.
French ferry operator Corsica Linea has achieved up to 22% fuel savings on its RoPax ferry Pascal Paoli following the installation of a retrofit package delivered by Finnish technology group Wärtsilä.The upgrade, completed in late 2024, included the installation of a twin screw controllable pitch propeller (CPP) system optimized for the ship’s operating profile, an EnergoProFin energy-saving propeller cap, and updated control systems with customized combinator curves for different sailing modes.
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The Acadia vessel is engineered to transport and precisely install up to 20,000 metric tons of rock on the seabed.The rock provides critical scour protection for subsea infrastructure including subsea cables for power transmission, telecommunications cables, oil and gas pipelines and subsea structures and offshore wind turbine foundations
Blair Garcia, a longtime leader in the maritime industry, has joined HDR as the global maritime director. He will build on the firm’s strong foundation of maritime and coastal engineers, scientists and experts, while adding new services and geographies to drive HDR’s continued growth in this global market.Garcia has spent three decades in the ports and maritime industry, helping port and intermodal rail clients on six continents and at most of the deep-water ports in the U.S.
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history.Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing by 35% compared to the first six months of last year. Net profit amounted to USD$164 million (€140 million), an increase of 19% year-on-year.
RAD Propulsion, a leader in electric marine propulsion systems, announced the expansion of its international dealer network with new strategic partnerships in the Netherlands, India and Japan. Energyboats will serve as RAD's official dealer in the Netherlands, focusing specifically on the Benelux region. Energyboats specializes exclusively in 100 percent electrically powered boats and works only with manufacturers that take the electric motor as their starting point.
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s newbuild Construction Service Operation Vessels (CSOVs) and Offshore Construction Vessels, built by Vard.This marks Huisman’s first cable lay system, built on the company’s extensive track record in the deepwater pipelay market.
NYK has started the continuous use of bio-LNG fuel on its LNG-powered car carriers as part of its commitment to maritime decarbonization.The bio-LNG is supplied by Dutch firm Titan Supply at the port of Zeebrugge in Belgium. The first vessel to receive the fuel was Daisy Leader on June 15, and the second was Sumire Leader on July 18.Bio-LNG, also known as liquefied biomethane, is purified liquefied methane gas (biogas) produced from biomass feedstock, such as animal manure and food wastes.
The Suez Canal Automotive Terminal (SCAT), a joint venture among NYK, Africa Global Logistics (AGL) and Toyota Tsusho Corporation, has officially opened Egypt's first finished-vehicle logistics terminal.With an anticipated increase in finished-vehicle imports and the forthcoming initiation of full-scale exports, SCAT is strategically positioned to address this growing demand.The facility features a quay capable of accommodating two large car carriers simultaneously, as well as extensive storage space.In addition, the terminal is equipped to support the rising need for cargo transshipment.
A cargo ship narrowly avoided grounding after its rudder fell off, and New Zealand’s TAIC report highlights the need for careful oversight and quality assurance during installation of safety-critical components and for strong international safety standards.On 24 July 2023, the cargo ship Achilles Bulker, fully loaded and under pilotage, was outbound from Tauranga.The ship deviated from the center of the channel shortly after clearing the harbor entrance. As the crew and onboard pilots tried to steer it back on course, the ship’s rudder broke off.
The U.S. House of Representatives has approved bipartisan legislation to strengthen, support and authorize funding through 2029 for the United States Coast Guard.The Coast Guard Authorization Act of 2025 authorizes appropriations for the Service through fiscal year 2029. These authorizations will support Coast Guard operations and the continued recapitalization of its historically underfunded cutter fleet, aviation assets, shoreside facilities and IT capabilities.