OCEAN AMBITION

Northern Lights JV has awarded a consortium comprising Kawasaki Kisen Kaisha (“K" LINE) and Malaysia's MISC Berhad a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier, supporting the expansion of Europe's carbon capture and storage infrastructure.The award follows Northern Lights' January 2026 announcement of four additional CO2 carriers to support planned capacity expansion. The latest contract marks the second vessel awarded to the “K” LINE-MISC consortium.The vessel will be constructed by Dalian Shipbuilding Offshore.

The U.S. military fired a Hellfire missile at a tanker heading toward Iran on Tuesday as part of a blockade being imposed by President Donald Trump, who is pressing Tehran to negotiate a peace agreement on his terms.The U.S. military's Central Command posted a video showing the missile strike the tanker and said it targeted the Botswana-flagged M/T Lexie's engine room, disabling it."The ship's crew ignored repeated warnings, failing to comply with directions from U.S. forces multiple times over a 24-hour period," Central Command said in a statement."A U.S.

Firmus and SUBCO announced a landmark agreement to build a new submarine fiber optic cable connecting Tasmania to mainland Australia, significantly expanding the state's digital capacity and supporting the next generation of AI infrastructure.  The new cable, to be named Bernacchi-1 in honor of pioneering Tasmanian-raised scientist and Antarctic explorer Louis Bernacchi, will connect Tasmania into SUBCO's SMAP cable system between Sydney and Melbourne.Underwritten by Firmus, this represents a major private-sector led investment in Tasmania's digital infrastructure, that will be for the benefit of all Tasmanians for generations to come.

Classification societies have always occupied a unique position in maritime: technical arbiters, rule makers, certifiers, and, increasingly, strategic advisors helping shipowners navigate some of the most consequential decisions in shipping’s and shipbuilding’s history. As maritime grapples with decarbonization mandates, digital transformation, automation, and the growing influence of artificial intelligence, that role is becoming both broader and more complex.For ClassNK, one of the world’s largest and leading classification societies, the challenge is not simply keeping pace with industry change, but helping define how that change unfolds.

MSC Mediterranean Shipping Company (MSC) has confirmed that its container vessel MSC Sariska V was struck by two projectiles while departing the port of Umm Qasr in Iraq on June 1, though no crew members were injured.According to the company, the first projectile hit the vessel while a pilot was onboard during departure from the port, while a second struck the crew accommodation area shortly afterwards.MSC said all crew members were safe and unharmed and that the vessel and its cargo were secured following the incident.The local media reports indicated that Iran’s Islamic Revolutionary Guards Corps (IRGC) had claimed responsibility for the attack, describing it as a response to U.S.