Danaos Shipping Co. Ltd.

Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the end of 2024.  The first towboat, the Adrienne M. Moore was delivered to Ingram on March 30, 2021 with the 10th and last - M/V David North - delivered on January 29, 2025.M/V David North measures 69 x 30 x 10.5-ft. and is powered by twin Caterpillar C32 800 hp tier 3 diesel engines.  It has a pair of Northern Lights 99kw generators.

Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel, marking the company’s first near carbon-neutral transatlantic voyage.Real-time data from the voyage confirms that the dual propulsion approach is both technically feasible and impactful, as the vessel’s GHG emissions on the current voyage meet the 2050 Fuel EU Maritime GHG intensity targets and IMO’s GFI Direct Compliance targets at least until 2044.The power of wind-assisted propulsion has been tested through Bow Olympus’ two first cross-Atlantic voyages.

President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed in private, seeks to jumpstart the mining of both U.S. and international waters as part of a push to offset China's sweeping control of the critical minerals industry.Parts of the Pacific Ocean and elsewhere are estimated to contain large amounts of potato-shaped rocks known as polymetallic nodules filled with the building blocks for electric vehicles and electronics.More than 1 billion metric tons of those nodules are estimated to be in U.S.

The keel laying of the new research vessel, Thuwal II, for the King Abdullah University of Science and Technology (KAUST) at the Freire Shipyard marks the beginning of a new chapter in marine research in Saudi Arabia, driving innovation in this crucial field for the country. The contract for the newbuild was announced in August 2024.“The RV Thuwal II represents a decisive step in our commitment to strengthen Saudi Arabia's scientific infrastructure and protect the Red Sea ecosystem. This new addition will open the door to high-impact technology collaborations in the region. Its commissioning promises to position Saudi Arabia as a world leader in marine research,” says KAUST.

Japan is world’s third largest shipping nation as owners control 12% of the fleet“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the global fleet’s DWT capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The global fleet of 2.4tn DWT is owned by 16,622 shipowners in 178 countries. Of this, 604 owners, with fleets ranging in size from 115 DWT to 28.6m DWT, are from Japan.During the economic miracle of post-war Japan, the country’s international trade grew alongside the economy.