Maritime News Highlights – July 2, 2025
Staying updated with the maritime world is essential for industry professionals and enthusiasts alike. Here’s a quick and friendly summary of the latest events, trends, and incidents from trusted maritime sources. For more details, check the links to the original articles.
Major Industry Developments
1. BHP Signs Ammonia-Powered Bulker Charters with COSCO
BHP has inked five-year charter contracts with COSCO Shipping Bulk for two newcastlemax bulk carriers powered by ammonia dual-fuel engines. These 210,000 dwt vessels will primarily transport iron ore from Western Australia to Northeast Asia, with delivery expected from 2028. This move highlights the industry’s shift toward alternative fuels for decarbonization.
Read more at Splash247 | MarineLink
2. Norway Invests $76 Million in Hydrogen and Ammonia Shipping
Norway continues to lead maritime decarbonization, awarding $76 million in grants for hydrogen and ammonia-fueled ships and related infrastructure. The Enova program aims to boost green shipping and create new jobs.
Full story at Maritime Executive
3. Container Shipping Rates Drop as US Demand Slows
Container shipping rates have plunged, mirroring a decrease in US demand for goods from China. This trend could impact global supply chains and shipping company revenues.
Details at MarineLink
Notable Incidents & Accidents
4. Jackup Barge Sinks in Gulf of Suez, Four Dead
A tragic incident occurred when a jackup barge owned by Saudi driller ADES capsized off Ras Ghareb, Egypt, resulting in four fatalities. The cause is under investigation.
Read more at Splash247
5. Oil Tanker Explosion Off Libya
A Greek oil tanker suffered an explosion off the coast of Libya. Early reports suggest a limpet mine may have caused the blast. Fortunately, no injuries were reported.
More at MarineLink
Regulatory & Security Updates
6. Iran Prepared Naval Mines for Potential Strait of Hormuz Closure
US officials revealed that Iran loaded naval mines onto vessels, signaling preparations to potentially close the Strait of Hormuz. While the closure did not occur, the move underscores ongoing regional tensions.
Full coverage at TradeWinds | Maritime Executive
7. Germany and Sweden Crack Down on Shadow Fleet Tankers
Germany and Sweden are intensifying checks on “shadow fleet” tankers in the Baltic, focusing on insurance coverage and regulatory compliance. This is part of broader EU efforts to enforce maritime rules and counter illegal activities.
Read more at Maritime Executive
Green Shipping & Innovation
8. LNG and Methanol Vessels Gain Momentum
LNG continues to strengthen its position as a leading alternative fuel in new vessel orders. Meanwhile, methanol-ready ships and bio-LNG trials are making headlines, reflecting the industry’s commitment to cleaner propulsion.
Offshore Energy.biz: LNG as ‘clear choice’
Bio-LNG on Car Carrier
9. Carbon Capture and Scrubber Ban Updates
China completed a “world first” full-chain carbon capture pilot on a vessel, while OSPAR has banned scrubber discharges in the North-East Atlantic, marking a significant step for marine environmental protection.
Read more at Offshore Energy.biz
OSPAR Scrubber Ban
Shipbuilding & Fleet News
10. Major Orders and Deliveries
- Imabari Shipbuilding rolled out a 7,000 CEU LNG-powered car carrier.
Details - TS Lines ordered up to 10 new 5,000 TEU container ships from Huangpu Wenchong.
Read more - Marinakis’ Capital Group placed an order for four new LNG carriers in South Korea.
Details
Offshore & Renewables
11. Offshore Wind and Hydrogen Projects Advance
- Ørsted terminated a $389 million charter for a Cadeler newbuild, with compensation due.
More at TradeWinds - Mitsui E&S is moving forward with hydrogen-powered port equipment, supported by Japanese government subsidies.
Details at Splash247
Human Interest & Marine Life
12. Marine Mammal Center Celebrates 50 Years
The Marine Mammal Center in California continues its vital work in rescue, rehabilitation, and research. Recent news highlights include efforts to save elephant seals from bird flu and ongoing education programs.
Visit The Marine Mammal Center
In Summary
The maritime industry is rapidly evolving, with a strong focus on decarbonization, safety, and innovation. From new green vessel orders to regulatory crackdowns and notable incidents, staying informed is more important than ever.
For daily updates and in-depth stories, visit the original sources:
Stay safe and keep navigating the news!
