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Australian mining company Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable bulk carriers, stepping up efforts to decarbonize maritime transport and support the development of green ammonia as a marine fuel.Under the agreement, Fortescue will charter 12 Newcastlemax dry bulk vessels, each with a carrying capacity of 210,000 deadweight tonnes, from Bocimar, the dry bulk shipping arm of CMB.TECH.Up to three of the vessels will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026

HD Hyundai Heavy Industries and five other HD Hyundai affiliates are embarking on the development of a robot and data-based integrated hull management solution that automates the entire process—from hull diagnosis to cleaning and performance verification—for the first time in the shipbuilding industry.HD Hyundai Heavy Industries signed a Memorandum of Understanding (MoU) for the joint development and commercialization of the "Total Hull Care Solution" with affiliates HD Korea Shipbuilding & Marine Engineering, HD Hyundai Robotics, HD Hyundai Marine Solution, and Avicus, as well as with KCC, a specialist in marine paints, and TAS Global, a specialist in underwater robots.

ABS, Polaris Shipping, HD Hyundai Heavy Industries (HHI) and autonomous navigation solutions provider AVIKUS have signed a four-party Concept Study Agreement for the implementation of a Conditional Unmanned Bridge.Under the agreement, the parties will jointly develop an autonomous navigation concept enabling unmanned bridge operation during deep-sea voyages, when defined conditions are met, on one of Polaris Shipping's 325K Very Large Ore Carriers (VLOCs).The concept is not a fully unmanned operation across the entire voyage. Rather, it is a phased autonomous navigation concept under which the bridge is left unmanned only under specific low-risk conditions, such as open-ocean passage.

The Board of the International Chamber of Shipping (ICS) has unanimously elected John Denholm CBE as Chairman of the Board.The decision was made by the ICS Board of Directors at the organization's Annual General Meeting, held at Palazzo Valentini in Rome, Italy.John Denholm succeeds Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, who has served as Chairman since June 2022.A qualified chartered accountant, John Denholm joined the family-owned shipping business J. & J. Denholm, becoming Chief Executive in 1993. He currently serves as Executive Chairman of J. & J. Denholm and Denholm Energy Services.

Oil prices fell 4% on Monday after U.S. Vice President JD Vance said progress has been made in talks with Iran and that the Strait of Hormuz was open, easing supply concerns.Brent crude was down $3.18 or 3.95%, at $77.39 a barrel by 11:44 a.m. ET (1544 GMT) Prices had climbed to $82.30 at the start of trading because of threats from U.S. President Donald Trump to restart the war on Iran, as well as an announcement from Tehran that it had again closed the Strait of Hormuz.U.S. West Texas Intermediate crude futures were at $74.45 a barrel, down $2.15, ahead of the contract's expiry later on Monday. The more-active August contract lost $2.49, or 3.28%, to $73.36 a barrel.High-ranking U.S.