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Alex Gregg-Smith Assumes Role as IACS Council Chair

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Leadership Transition at IACSThe International Association of Classification Societies (IACS) has confirmed that Alex Gregg-Smith, President Marine & Offshore at Bureau Veritas, has officially taken up the position of Council Chair, effective 1 July.Gregg-Smith was elected unanimously during the IACS General Assembly in December 2025. His appointment follows a structured transition period, during which he served as Chair in preparation for the role.Industry Experience and VisionWith extensive experience in maritime classification and offshore sectors, Gregg-Smith brings a strategic perspective to the leadership of IACS. His tenure is expected to focus on advancing safety standards, digitalisation, and sustainability initiatives across the global shipping industry.IACS plays a critical ...

U.S. and Iran Engage in Indirect Talks to Secure Maritime Stability in the Strait of Hormuz

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Diplomatic Efforts Underway to Restore Safe NavigationIndirect technical discussions between the United States and Iran took place in Doha this week, focusing on critical maritime security concerns in the Strait of Hormuz. According to a source with direct knowledge of the negotiations and an Iranian official, the talks aim to establish a framework for uninterrupted shipping operations and a sustainable ceasefire in the region.The Strait of Hormuz remains one of the world’s most vital maritime chokepoints, facilitating the transit of approximately one-fifth of global oil supplies. Recent tensions have heightened risks to commercial shipping, prompting renewed diplomatic engagement to mitigate disruptions.Key Objectives of the NegotiationsEnsuring Unimpeded Vessel Transit: Both parties are ...

Myanmar Revives $3.6 Billion Myitsone Dam Project with China Backing

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Project Resumes Under New Government DirectiveMyanmar’s administration has announced the revival of the long-contested $3.6 billion Myitsone Dam project in Kachin State, with plans to complete construction within the next eight years. The decision comes under the country’s new government, signaling a renewed push for the China-backed hydroelectric initiative.Key Developments and Stakeholder InsightsAccording to two informed sources, Khet Htein Nan, head of the Kachin State administration, confirmed the government’s commitment to advancing the project. The Myitsone Dam, initially suspended in 2011 due to environmental and social concerns, has remained a point of contention between local communities, activists, and authorities.The project, primarily financed by Chinese investors, is expected...

NYK and University of Osaka Partner on Offshore Rocket Recovery Vessel Research

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Joint R&D Initiative Targets Maritime Recovery of Reusable RocketsNYK Line and the Graduate School of Engineering at the University of Osaka have initiated a collaborative research and development program focused on offshore recovery systems for reusable rockets. The partnership, effective July 1, 2026, combines NYK’s maritime operational expertise with the university’s aerospace engineering capabilities.The project aims to design and validate a purpose-built vessel capable of safely retrieving rocket boosters and payload fairings from ocean splashdown zones. Key technical challenges include dynamic positioning in variable sea states, rapid stabilization of floating components, and corrosion-resistant materials selection for prolonged exposure to saltwater and rocket propellants.Core Resea...

Nord Gas Solutions to Equip Exmar FSRU with Advanced LNG Regasification System

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Contract Awarded for EemsEnergyTerminal ExpansionNord Gas Solutions has been selected to deliver a state-of-the-art LNG regasification system for Exmar’s floating storage and regasification unit (FSRU) conversion project. The system will support the operational expansion of the EemsEnergyTerminal in Eemshaven, the Netherlands.The contract, finalized in the second quarter, marks a critical milestone in enhancing the terminal’s capacity to meet growing European energy demands. The FSRU conversion will enable efficient LNG handling, reinforcing the Netherlands’ role as a key hub for secure and flexible gas supply.Technical Scope and Industry ImpactNord Gas Solutions will provide a turnkey regasification solution, integrating advanced process control and safety systems tailored for floating ap...

MOL and IBM Japan Introduce AI-Driven Platform for Enhanced Vessel Operational Decision-Making

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Advanced AI Platform to Optimize Maritime OperationsMitsui O.S.K. Lines (MOL) and IBM Japan have unveiled a cutting-edge artificial intelligence (AI) platform engineered to bolster decision-making processes in vessel operations. This innovative solution consolidates critical data streams—including operational metrics, real-time weather conditions, and geopolitical developments—to provide actionable insights for maritime professionals.Key Capabilities of the AI PlatformIntegrated Data Analysis: The platform aggregates and processes diverse datasets, enabling comprehensive situational awareness for vessel operators.Predictive Analytics: Leveraging AI algorithms, the system forecasts potential operational challenges, allowing proactive adjustments to routing, scheduling, and resource allocati...

Aker Solutions Wins Major HVDC Substructure Contract for European Offshore Wind Development

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Aker Solutions to Deliver Critical HVDC Substructure for Offshore Wind ProjectAker Solutions has secured a significant contract to supply a high-voltage direct current (HVDC) substructure for a European offshore wind farm, awarded by an unnamed industry client.The contract encompasses the full project lifecycle, including front-end engineering design (FEED), detailed engineering, procurement, construction, and installation of the substructure. This infrastructure will support the HVDC converter platform, a key component in transmitting renewable energy from offshore wind turbines to onshore grids with minimal power loss.Scope of Work and Technical ChallengesEngineering: Comprehensive design and analysis to ensure structural integrity under extreme offshore conditions, including wave, wind,...

Navigistics Report Questions National Security Justification for Extended Jones Act Waiver

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Maritime Consultancy Challenges Efficacy of Jones Act Waiver A comprehensive analysis conducted by Navigistics Consulting, a leading maritime advisory firm, has raised critical questions about the national security rationale behind the Trump administration’s extended Jones Act waiver. The report concludes that the waiver has not achieved its intended objectives, with no substantiated evidence of military necessity. Key Findings of the Report Lack of Military Justification: The analysis found no credible data supporting claims that the waiver was essential for national defense or military logistics. Operational Impact: The report highlights that the waiver did not result in measurable improvements in maritime operational readiness or supply chain resilience. Economic and Reg...

ABS Unveils Eagle CRoute: Advanced Route Optimization for Containership Operators

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ABS Introduces Eagle CRoute for Dynamic Containership OperationsABS has rolled out Eagle CRoute, a digital solution engineered to enhance operational adaptability for containership fleets by delivering precise, route-specific lashing reduction factor assessments.Key CapabilitiesDynamic Route Adjustments: Enables real-time recalibration of lashing calculations when port rotations or voyage sequences are modified.Blank Sailing Integration: Accounts for schedule disruptions, ensuring lashing integrity remains compliant during unscheduled service suspensions.Stowage Plan Optimization: Adapts to evolving cargo configurations, supporting safer and more efficient container stacking strategies.The tool is designed to streamline decision-making for vessel masters and operations teams, reducing manu...

Aker Solutions Secures Major Contract for HVDC Substructure in European Offshore Wind Initiative

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Aker Solutions to Supply HVDC Substructure for Offshore Wind Project in EuropeAker Solutions has been awarded a significant contract to deliver a high-voltage direct current (HVDC) substructure for a prominent offshore wind development in Europe. The client remains confidential at this stage.The contract encompasses the full project lifecycle, including engineering, procurement, and construction (EPC) of the substructure. This critical infrastructure will support the transmission of renewable energy from offshore wind farms to onshore grids.Key Contract DetailsScope of Work: Full EPC delivery of the HVDC substructure.Project Location: Offshore Europe.Client: Undisclosed.Aker Solutions will leverage its expertise in offshore energy infrastructure to ensure the substructure meets stringent t...