Maritime News
Latest updates from the maritime industry
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Elevator & Escalator Market Projected to Grow 2.4% Through 2032, Driven by Urbanization and Service Expansion
The global elevator and escalator market is expected to grow at a CAGR of 2.4% over the next decade, fueled by increasing urbanization and a shift towards service-based revenue models.
By MGN Editorial
Sieyuan Electric Secures 4.5 GWh Energy Storage Deals in Romania, Boosting Global Market Expansion
Sieyuan Electric, a global leader in energy technologies and energy storage solutions, has announced major energy storage agreements totaling 4.5 GWh in Romania, signaling growth in the global energy storage market.
By MGN Editorial
Maritime Industry Briefing: Hormuz Tensions, Livestock Ship Conditions, and LNG Dark Fleet Expansion
A roundup of recent maritime news including the ongoing Strait of Hormuz crisis, new footage of poor conditions on a livestock carrier, and Russia's expansion of its 'dark fleet' into liquefied natural gas shipping.
By MGN Editorial
US Moves to Undermine Global Maritime Emissions Regulations
The Trump administration is seeking to derail the IMO's efforts to establish a global framework for decarbonizing the shipping industry, risking regulatory stability and consensus.
By MGN Editorial
SBM Offshore Secures FPSO Contract for Guyana Oil Project
SBM Offshore has been awarded the FEED contract for a new FPSO vessel to be deployed in Guyana's growing offshore oil industry.
By MGN Editorial
AerCap Expands Freighter Fleet with Ethiopian Airlines Deal
AerCap signs lease agreements with Ethiopian Airlines for two Boeing 777-300ERSF converted freighters, expanding the carrier's cargo capabilities.
By MGN Editorial
JRE-Jeunes Restaurateurs and UNITED WATERWAYS Partner to Elevate Culinary Experiences on the Water
French culinary association JRE-Jeunes Restaurateurs and river cruise operator UNITED WATERWAYS have announced a strategic partnership to enhance hospitality and support the next generation of culinary talent in global river travel.
By MGN Editorial
Maritime Industry Briefing: VLCC Sale, Beverage Packaging Forecast
A 26-year-old VLCC tanker has been sold for further trading, while the global beverage packaging market is projected to grow at nearly 7% annually through 2032.
By MGN Editorial
Borr Drilling Expands Foothold in Mexico as Paratus Exits Jack-up Market
Borr Drilling's Mexican joint venture is set to welcome five jack-up rigs as Paratus Energy Services offloads its drilling operations and fleet.
By MGN Editorial
Chinese Shipping Giant Expands Capesize Fleet, Decarbonization Efforts Warned Against Slowdown
Zhejiang Shipping Group acquires second capesize bulker, while Sea Cargo Charter leaders caution against scaling back decarbonization amid regulatory uncertainty.
By MGN Editorial
Microirrigation Systems Market Projected to Reach $21.56 Billion by 2030
The microirrigation systems market is expected to grow at a CAGR of 9.8% over the next 5 years, driven by increasing demand for efficient irrigation solutions.
By MGN Editorial
Port of Rotterdam Secures €90M Loan for Shore Power Development
The Port of Rotterdam Authority has secured a €90 million loan to support the development of shore power infrastructure, enabling ships to plug into the local grid and reduce emissions while at berth.
By MGN Editorial
FMC Chair Emphasizes Ports' Role in U.S. Economic Security
New Federal Maritime Commission Chair Laura DiBella says the Trump administration is making the strongest push in decades to support the domestic shipping industry.
By MGN Editorial
Floating Wind and Shipping Challenges Dominate Maritime News
A roundup of recent maritime industry news, including the start of a concrete floating wind platform project in Portugal and challenges facing Europe's shipping choke points.
By MGN Editorial
Qatar's LNG Expansion Faces Shipping Challenges After Ras Laffan Disruption
Qatar's ambitious LNG shipping expansion is at risk of creating a structural overhang in the LNG shipping market due to recent damage to its liquefaction infrastructure.
By MGN Editorial
India's Coal Imports Likely to Remain Subdued
India's coal imports dropped 4.2% in the first 10 months of the current fiscal year, and with seaborne prices showing an uptick, imports are likely to remain subdued in the near term.
By MGN Editorial
Venture Global Secures Long-Term LNG Deal with Vitol
Venture Global, a major U.S. LNG producer, has signed a multi-year agreement to supply LNG to global energy trader Vitol.
By MGN Editorial
Strong Early Demand for World Cup Travel Across North America
FlixBus reports surging bookings for multi-city World Cup travel, with the Northeast emerging as a top travel corridor.
By MGN Editorial
PowerBank Advances 3.1 MW Solar and Battery Project on Closed Landfill
PowerBank Corporation is developing a 3.1 MW hybrid solar and battery energy storage project on a closed landfill in New York, expected to power 388 homes.
By MGN Editorial
Strait of Hormuz Tensions Escalate as Iran Digs In
Tensions in the Strait of Hormuz are rising as Iran refuses talks and oil prices soar, while Indian gas tankers prepare to sail through the strategic waterway.
By MGN Editorial