INTERLAKE STEAMSHIP COMPANY

Inmarsat Maritime, a Viasat company, has announced Caribe Tankers USA, Inc (CTU) will trial Inmarsat’s fully managed bonded connectivity service, NexusWave, on board the chemical tankers Caribe Maria and Caribe Luna as the company seeks a reliable solution to best serve operational and crew connectivity.By combining multiple network underlays in one fully managed, bonded solution, Inmarsat’s NexusWave enables applications to leverage the aggregate capacity of all available networks rather than relying on one underlay at a time.

With a diverse maritime and logistics operation supporting more than 8,000 careers on land and at sea, Saltchuk has a robust workforce development initiative across its brands. Mark Tabbutt, Chairman, Saltchuk, discusses a pair of specific recent investments in Puerto Rico, as well as workforce development as a corporate imperative.Watch the full interview with Mark Tabbutt, Chairman, Saltchuk, on Maritime Reporter TV:Saltchuk is a driving force on the U.S. maritime scene, a diverse maritime and logistics conglomerate with revenues topping $5 billion in 2024 and a workforce of approximately 8,900 employees across 32 subsidiary companies, Saltchuk’s influence spans freight movement

The Maritime and Port Authority of Singapore (MPA) has reported that a moored Belize-registered dredger, KSE Hitachi, had sunk off Tuas in Singapore.According to MPA, there were no personnel reported to be on board the dredger at the time of the incident, with port operations remaining unaffected.MPA is investigating the incident, and navigational broadcast has been issued to advise passing vessels to keep clear of the area.The dredger’s company is making arrangements to salvage the vessel.Three MPA patrol crafts have been deployed to the site to render assistance.

The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector.   The measures include a new fuel standard for ships and a global pricing mechanism for emissions.  These measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for large ocean-going ships over 5,000 gross tonnage, which emit 85% of the total CO2 emissions from international shipping.

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs, with markets tumbling further and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades."Recession risk is much, much higher now than it was a couple weeks ago," said Adam Hetts, global head of multi-asset at Janus Henderson.