India maritime industry review

Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers) as well as Japanese export credit agencies Japan Bank for International Cooperation (&l...

Concordia Damen has delivered yet another CDS Tanker 110, the tanker type it builds on stock, due to its reliability and cargo capacity. VOF Generation, formed by Dutch inland shipping entrepreneurs Danny and Wim Mourik and Sergei Mulder, has taken delivery of their new vessel, mts Generation, and will deploy it for the transport of mineral oils on the Rhine River. CDS Tanker 110 The CDS Tanker 110 has been developed with a focus on efficiency, operational reliability The CDS Tanker 110 ha...

Sunderland Marine, part of global marine insurer - NorthStandard, has announced its contribution to the release of 'The Lifeboat', a stirring new single by Celtic music icons - Skipinnish, featuring renowned sea shanty group - The Fisherman’s Friends. The song is a tribute to two centuries of bravery by Royal National Lifeboat Institute (RNLI) volunteers, honouring their courageous service saving lives at sea under the most challenging conditions – including the North East shores....

Strategic Marine, a major builder of high-performance aluminium vessels, is proud to announce the successful delivery of two Generation 4 Fast Crew Boats (FCBs) to Aesen, an integrated marine solutions provider with more than 120 offshore vessels operating globally. This landmark achievement marks the commencement of a new partnership, reinforcing Strategic Marine’s growing footprint across key markets. As the first delivery to Aesen, this contract demonstrates Strategic Marine’s ab...

The first Jones Act plug-in hybrid offshore wind service operation vessel (SOV) in the United States has been christened and launched in a ceremony at the Port of New Orleans. The ABS-classed ECO Liberty was constructed by Edison Chouest Offshore (ECO) at its LaShip shipyard in Houma, Louisiana, and will be owned and operated by ECO for international energy company - Equinor. Use of hybrid systems The 262-foot vessel saw more than 500 local labourers donate to the vessel’s building, usi...

RAD Propulsion, the British developer of advanced electric boat drive systems, announced a new partnership with Pangolin Photo Safaris, Africa's major wildlife photography safari specialists. The collaboration sees RAD's revolutionary RAD 40 electric outboard system power the new Pangolin Voyager houseboat, setting a new standard for sustainable luxury tourism in one of Africa's most stunning wildlife environments. This project brings together RAD Propulsion’s cutting-edge 40kW electri...

ABB has integrated a comprehensive scope of technologies onboard Feadship Breakthrough. The vessel was constructed by Dutch high-end yacht builder Feadship. Launched in May 2025, the privately-owned 118.8-metre yacht will be among the first vessels in the world to feature multi-megawatt fuel cell technology.  Azipod® electric propulsion units ABB has also provided shipside shore connection technology and Remote Diagnostic Services ABB’s scope of supply comprises the Onboard DC...

Samskip, one of Europe's renowned logistics service providers, has officially joined the DCSA+ partnership program, reinforcing its commitment to digital innovation, interoperability, and the evolution of global logistics standards. By becoming part of this influential network, Samskip takes a pioneering role in shaping the digital frameworks that will power tomorrow’s logistics, frameworks built on openness, collaboration, and efficiency. Future industry standards “We believe the...

Watson Farley & Williams advised a consortium of lenders comprising Nordea Bank Abp, filial i Norge, acting as facility and security agent, Skandinaviska Enskilda Banken AB, ABN AMRO Bank N.V. and Danske Bank A/S on a US$350m revolving credit facility provided to Ardmore Shipping Corporation (“Ardmore”) to refinance Ardmore’s existing revolving credit facilities and for general corporate purposes. The facility was secured by 20 of Ardmore’s vessels. Founded in 2010,...

The International Maritime Organization (IMO) is working toward a smooth transition to the next generation of navigation technologies. The standard for Electronic Navigations Charts (ENCs) is transitioning from S-57, an older, static data standard to exchange digital hydrographic data, to the new S-100, a more dynamic framework. While S-57 was limited to just ENCs, the new S-100 framework can handle a variety of data types, such as real-time tides and currents, to improve situational awareness...

A variety of fuels will be embraced in the maritime industry in the next decade and after, based on various vessel types, operational needs, and the availability of infrastructure. The shift toward newer fuels is driven by new greenhouse gas (GHG) reduction goals and the journey toward net-zero emissions, but a variety of other factors will also impact the changing trends. We asked our Expert Panel Roundtable: Which fuels will dominate the maritime industry in the next decade and beyond?

Various paths to support decarbonisation include alternative carbon-free and carbon-neutral fuels, electrification and enhancing vessel efficiency. A system level approach enhances the value of these technologies; tackling each element separately can lead to a sub-optimised solution today and an inflexible solution to meet the uncertainties and increasingly stringent requirements in the future. Wärtsilä Marine set up its Integrated Systems & Solutions (IS&S) unit to address t...

Marine industry pioneers gathered at Nor-Shipping in June, with a focus on the key challenges and opportunities driving the transition to a lower-carbon future. With regulations such as the Carbon Intensity Indicator (CII), FuelEU Maritime, the EU Emissions Trading System (EU ETS) and the upcoming International Maritime Organisation (IMO) carbon levy, fouling control systems continue to play a vital role in the shipping industry as the regulatory bodies chart a course towards net-zero emissions...

The global maritime surveillance market is projected to grow from $21.9 billion in 2023 to $ 42.7 billion by 2033. This growth is being driven by increasing global trade, maritime security concerns, and the adoption of advanced surveillance technologies such as radars, drones, and satellite monitoring systems. Moreover, the global shipping industry is now on the frontlines of a new kind of conflict — one defined by economic coerc...

Electrification plays an important role in addressing the environmental challenges facing the maritime sector, and electric propulsion is the key component in this transition. Energy-efficient propulsion, which encompasses both efficient drivetrain and less weight, will contribute to meeting environmental challenges, while providing unwavering reliability for the operators. Cleaner propulsion solutions Ease of integration and maintenance helps streamline system design and installation, cruci...