Berg Propulsion drives India’s Green Tug Transition
Berg Propulsion drives India’s Green Tug Transition
in
International Shipping News
11/05/2026
Berg Propulsion is providing the propulsion technology and systems integration to optimise performance of the second and third vessel in India’s Green Tug Transition Programme.
Hönö, Sweden, 11 May 2026: Marine propulsion solutions provider Berg Propulsion is set to play a key role in the green transformation of India’s shipping sector, beginning with the upcoming launch of two all-electric tugs.
The vessels, under construction by the Mumbai-headquartered KMEW Group, were ordered on behalf of India’s Ministry of Ports, Shipping and Waterways as part of the country’s Green Tug Transition Programme (GTTP). The programme forms part of a wider set of initiatives which aim to help India achieve net-zero emissions by 2070.
Designed by Navnautik (Naval Architects and Marine Consultants), each tug will measure 33.55m in overall length, with a moulded beam of 11.6m and a draught of 4.5m. Powered by adv
OOCL Names OOCL Wisdom, Its First 24,000 TEU Methanol Dual‑Fuel Container Vessel
OOCL Names OOCL Wisdom, Its First 24,000 TEU Methanol Dual‑Fuel Container Vessel
in
International Shipping News
11/05/2026
Orient Overseas Container Line Ltd. (OOCL) today held the naming ceremony of OOCL Wisdom, the Company’s first methanol dual‑fuel container vessel and the first of a series of seven vessels.
The naming ceremony was held at the shipyard of Nantong COSCO KHI Ship Engineering Co., Ltd. Cao Yanping, Director of Fujian Yaohua Industrial Village Development Co., Ltd., named OOCL Wisdom and bestowed her blessings upon the vessel in the presence of many guests at the ceremony.
OOCL Wisdom
With a maximum capacity of 24,168 TEU, OOCL Wisdom is currently the world’s largest methanol dual‑fuel container vessel.
Connecting the Maritime Future: Autonomy, Integration, and the Next Era of Underwater Perception
Connecting the Maritime Future: Autonomy, Integration, and the Next Era of Underwater Perception
Sponsored
Total Views: 21
May 11, 2026
The maritime industry is undergoing rapid change. Advancements in autonomy are allowing uncrewed vessels to transit oceans with growing sophistication. A growing network of marine technologies is paving the way for the future of maritime operations.
Simandou ships record quantity of iron ore, swelling Chinese stocks
Simandou ships record quantity of iron ore, swelling Chinese stocks
in
Dry Bulk Market
,
International Shipping News
12/05/2026
Guinean iron ore shipments breach 1.2mt for the first time as Simandou ramps up, with Brazil and Australia also seeing exports increase. China, so far, has absorbed the additional tonnage.
Global iron ore flows reached more than 143mt in April 2026, up just under 7% y/y and m/m. China received 74% of the total flows, in line with the same month in 2025, but given the greater volume of flows, this equated to over 7mt more in April 2026 compared to April 2025.
Striking the balance between profits and prosperity
Striking the balance between profits and prosperity
in
International Shipping News
12/05/2026
F
or decades, the shipping industry operated as an invisible, ultra-efficient heartbeat of a globalising world, existing on a diet of technical optimisation and predictable, if not always smooth, international relations. But today, that veneer of technical stability is being stripped away. The “golden age” of non-political trade is facing a reckoning, caught between the moral need to decarbonise and a geopolitical landscape that is described by DNV’s director of maritime markets and trade, Jakub Walenkiewicz, as a “law of the jungle”.
In conversation with NYK Group Europe’s managing executive officer and vice chairman of the International Chamber of Shipping, Carl-Johan Hagman, Walenkiewicz discussed the friction between shipping’s historical efficiency and the “turbulent” reality of modern supply chains.
In an episode of DNV’s Market Views, Walenkiewicz noted that while the world requires low
Hapag-Lloyd and Kuehne+Nagel take their first joint step towards sustainable ocean shipping
Hapag-Lloyd and Kuehne+Nagel take their first joint step towards sustainable ocean shipping
in
International Shipping News
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Shipping: Emission Possible
12/05/2026
Hapag-Lloyd and Kuehne+Nagel are further strengthening their long-standing partnership and, for the first time, collaborating on emission-reduced ocean transport solutions. As part of this agreement, Kuehne+Nagel will utilize Hapag-Lloyd’s “Ship Green” product to reduce the carbon footprint of its ocean freight shipments.
The agreement marks an important milestone in the relationship between the two companies. For the period from April to December 2026, approximately 3,300 TEU of cargo transported on the East Asia to North Europe trade lane will be covered under the agreement.
Biofuel Bunker Snapshot: POMEME barge price drop limits Rotterdam B30-VLSFO price gain
Biofuel Bunker Snapshot: POMEME barge price drop limits Rotterdam B30-VLSFO price gain
in
International Shipping News
12/05/2026
Rotterdam and Europe
Rotterdam’s B30-VLSFO (POMEME) price has increased by $35/mt in the last week. The port’s conventional VLSFO price rise has been over twice as steep, at $74/mt.
Prima Markets has assessed a $13/mt drop in its ARA POMEME barge price over the last week, a sign that biofuel feedstock prices have come down.
Rotterdam’s conventional LSMGO price has dipped $69/mt lower, outpacing a $15/mt drop for B30-LSMGO.
Consequently, the B30-LSMGO blend’s price premium over conventional LSMGO has increased from $68/mt to $122/mt during the last week.
Meanwhile, Gibraltar’s B30-VLSFO (UCOME) price has increased by $57/mt, slightly greater than the $42/mt increase in the port’s conventional VLSFO grade.
Biofuel bunker delivieres in both the ARA hub and the Gibraltar Strait require around 7-10 days of lead time, a trader said.
Singapore
Singapore’s B30-VLSFO
Japan’s shipbuilding stumbles as talent gap widens; Korea leverages brainpower
Japan’s shipbuilding stumbles as talent gap widens; Korea leverages brainpower
in
Shipbuilding News
01/05/2026
“There are docks and money, but no one to draw the design blueprints. Because Japan stopped cultivating talent and we seized that opening, Korea’s shipbuilding industry was able to grasp the lead in the global market.”
The assessment by the head of a Korean shipyard starkly shows the painful reality facing Japan’s shipbuilding industry. Japan, which led the global shipbuilding market in the 1980s, has now fallen behind China and Korea, with its share of new orders in the first quarter dropping to the 1% range.
Oil Tanker Hijacked Off Shabwa Coast, Heads Towards Somali Waters
A boat sails next to a shipping vessel MV Abdullah in this screengrab obtained from a social media video released on March 12, 2024.
Oil Tanker Hijacked Off Shabwa Coast, Heads Towards Somali Waters
Reuters
Total Views: 0
May 2, 2026
May 2 (Reuters) – Yemen’s coast guard said on Saturday that the M/T EUREKA oil tanker had been hijacked off the coast of Shabwa province by unidentified armed men who boarded the vessel, seized control and steered it towards the Gulf of Aden in the direction of Somali waters.
The coast guard added that the tanker’s location had been identified and efforts were under way to track it, take necessary measures to recover it and ensure the safety of its crew.
(Reporting by Mohammed Ghobari, Writing by Ahmed ElimamM Editing by William Maclean)
(c) Copyright Thomson Reuters 2026.
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Venezuela Oil Exports Hit 7-Year High as U.S., India, Europe Ramp Up Buying
Chevron-chartered oil tanker Ionic Anax is seen near the Bajo Grande port in Venezuela’s lake Maracaibo after loading for export, in San Francisco, Zulia State, Venezuela December 13, 2025. REUTERS/Isaac Urrutia
Venezuela Oil Exports Hit 7-Year High as U.S., India, Europe Ramp Up Buying
Reuters
Total Views: 0
May 1, 2026
By Marianna Parraga and Mircely Guanipa
May 1 (Reuters) – Venezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States, India and Europe, shipping data and documents from state company PDVSA showed on Friday.
The South American country has been draining oil inventories and recovering crude output in recent months following the U.S. capture of President Nicolas Maduro in January, which led to a flagship supply pact between the governments of U.S.