Ocean Rig News

 

Chief Officer of Livestock Carrier Charged in Cocaine Sting

Nov 23, 2025

Four men, including the chief officer of an international livestock carrier, have been charged over their alleged roles in an organised crime plot to import more than 525kg of cocaine into Australia, after packages of the drug were found floating in the ocean off Western Australia.A Western Australia Joint Organised Crime Taskforce investigation into suspicious activity by an international vessel was…

Federal Maritime Commission Recognizes National Shipper Advisory Committee Members

Dec 18, 2025

The Federal Maritime Commission acknowledges the service of the members of the National Shipper Advisory Committee (NSAC).  Since October 2021, NSAC’s members have provided information and perspectives on conditions in the ocean freight delivery system…

Mitsui O.S.K. Lines, Isometric Partner on Carbon Removal

Dec 17, 2025

Mitsui O.S.K. Lines (MOL) and Isometric have entered into a strategic partnership under which Isometric will issue scientifically rigorous, transparent carbon dioxide removal (CDR) credits to support MOL’s net zero strategy. The partnership…

World’s Largest Wind-Powered Ro-Ro Arrives in Baltimore

Dec 16, 2025

The world’s largest wind-powered, industrial-scale, roll on/roll off vessel Neoliner Origin has returned for its second visit to the only U.S. port it is calling, the Helen Delich Bentley Port of Baltimore.The ship, which uses sails as main propulsion…

UN Launches Decade of Sustainable Transport

Dec 10, 2025

The United Nations has launched the first ever United Nations Decade of Sustainable Transport (2026–2035).The Implementation Plan, launched in New York, is the result of a participatory consultation process and provides a roadmap to align policies…

Red Sea Return Imminent for Container Shipping

Dec 07, 2025

Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region…

Inchcape Shipping Services Opens New Office in Geoje, Korea

Nov 25, 2025

Inchcape Shipping Services, a leader in port agency and maritime services, has announced the opening of its new office in Geoje, Korea. This expansion increases Inchcape’s footprint in South Korea to three offices—Seoul, Busan, and now Geoje…

US Expecting China Soybean Trade Revival

Nov 24, 2025

Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U…

U.S. Court of Appeals Issues Decision in Case on Demurrage, Detention Billing Practices

Nov 20, 2025

On February 23, 2024, the FMC issued its Final Rule on Detention and Demurrage Billing Practices, as required by Congress under the Ocean Shipping Reform Act of 2022. The rule went into effect on May 28, 2024. After the Final Rule was issued…

DCSA Publishes Verified Gross Mass (VGM) Standard to Accelerate Digitalization of Container Weight Verification

Nov 18, 2025

The Digital Container Shipping Association (DCSA) has published the first API-based standard developed under DCSA’s framework for verified gross mass exchange, designed to simplify compliance, increase transparency, and accelerate digitalization across container shipping…

Container Freight Rates Could Plunge with End of Houthi Attacks

Nov 11, 2025

Houthi militia have reportedly ceased attacks on Israel and shipping in the Red Sea, and the impact could be seismic for global ocean container shipping, warns Chief Analyst Peter Sand at Xeneta. However, an immediate largescale return to the region will require a series of further assurances…

SFL Posts Steady Q3, Invests in Fleet Optimization

Nov 11, 2025

SFL posts Q3 2025 revenue of $178 million and net income of $8.6 million; declares 87th consecutive quarterly dividend of $0.20 per share.Contracted charter backlog reaches $4 billion with a weighted average term of 6.5 years, two-thirds backed by investment-grade clients…

Ocean-Based Carbon Capture for Commercial Vessels

Nov 10, 2025

CALCAREA Inc. and AURELIA Design B.V. entered into a collaboration to bring ocean-based carbon capture technology to the maritime sector. The partnership combines CALCAREA’s unique carbon removal process with AURELIA’s experience in green ship design and e-systems integration…

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