European governments including Germany, the United Kingdom and Denmark are set to reaffirm their commitment to large-scale wind power expansion, even as US President Donald Trump escalates criticism of Europe’s green energy policies. A draft declaration to be signed by leaders highlights a strong push to accelerate offshore wind development across the region.
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The Kingfish Company, a land-based yellowtail kingfish producer, has confirmed it has begun discussions with stakeholders over its financing arrangements after reporting slower revenue growth in the fourth quarter of 2025.
For the period ending December 31, 2025, the company posted €8.5 million ($9.2 million) in revenue, marking a 14% year-on-year increase. On a like-for-like basis, excluding fresh fish sales in the United States, revenue growth stood higher at 21%.
Paris, France –French authorities have seized an oil tanker in the Mediterranean suspected of being part of Russia’s sanction-evading “shadow fleet.” The vessel, named Grinch, is reportedly subject to international sanctions and is suspected of flying a false flag, according to French President Emmanuel Macron.
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Two Filipino sailors have died and one remains critically injured after the Singapore-flagged cargo vessel M/V Devon Bay capsized in the South China Sea on Friday, January 23, leaving four crew members still missing.
The M/V Devon Bay, carrying 21 Filipino sailors and a cargo of iron ore, sank within the Philippines’ exclusive economic zone but outside its territorial waters. The vessel had departed from Gutalac in Zamboanga del Sur province and was bound for Yangjiang, China.
London— The twelfth session of the IMO Sub-Committee on Ship Design and Construction (SDC 12), held from 19 to 23 January 2026, concluded with significant progress on ship safety, environmental protection, and regulatory modernization, according to the address delivered by IMO Secretary-General Mr. Arsenio Dominguez.
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US President Donald Trump made a surprise appearance at the White House briefing room on Tuesday, just before departing for the World Economic Forum in Davos, Switzerland, raising eyebrows with cryptic remarks about Greenland.
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Pakistan has recently partnered with China on a major long-term fisheries research program. Following Russia’s earlier involvement in African fisheries, China confirmed last week its support for the Pakistani research vessel Behr Masah, built in China in 2019, to study the country’s marine environment year-round.
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Jiangnan Shipyard has secured newbuilding contracts for a total of 16 vessels through three separate agreements finalized in the first half of January 2026, underlining strong global demand for gas-capable and dual-fuel ships. The orders span ammonia carriers, LNG carriers and large container vessels, according to statements released by the Chinese shipbuilder.
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CMA CGM, together with its OCEAN Alliance partners COSCO Shipping, Evergreen, and OOCL, has unveiled the new OCEAN Alliance “DAY 10 Product”, reinforcing the world’s largest operational maritime network as the alliance completes a decade of cooperation. The announcement was made during The Convention between Carriers and Ports for OCEAN Alliance, held from January 20 to 21, 2026.
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Container shipping kicked off 2026 in a fragile equilibrium, with global freight rates showing limited weekly variations across major trade routes. However, growing geopolitical tensions, particularly from the United States, threaten to disrupt this balance between supply and demand.
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MANILA, Philippines — The Department of Energy (DOE) confirmed that the $893-million Malampaya drilling project in offshore Palawan is progressing on schedule, with full completion expected by the end of this year. The project is part of efforts to extend the life of the country’s first and only indigenous gas field.
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Drone footage has captured the successful rescue operation of the Omani-flagged crude oil tanker QENDIL, which ran aground off the coast of Bozcaada, Çanakkale, highlighting Turkey’s advanced maritime salvage capabilities.
The 249-meter-long tanker, en route from Aliağa to Yalova, grounded on January 4 after encountering a severe southerly storm. Although the vessel was empty at the time, it remained stranded for 12 days, prompting a carefully coordinated response by Turkey’s General Directorate of Coastal Safety.
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India has intensified diplomatic efforts to secure consular access for 16 Indian nationals detained by Iranian authorities after their vessel was seized last month, amid growing concern from families and legal action in Indian courts.
The Indian Embassy in Tehran on Saturday formally urged Iran to grant immediate consular access to the crew members of the tanker MT Valiant Roar, who were detained by Iran’s Islamic Revolutionary Guard Corps (IRGC) on December 8, 2025.
Beijing, China – In a groundbreaking expedition, Chinese scientists have successfully deployed a manned submersible to explore one of Earth’s last untouched seafloors beneath the Arctic pack ice. The Fendouzhe submersible reached a depth of 5,277 meters to survey the previously uncharted eastern Gakkel Ridge, a volcanic underwater mountain range stretching between Greenland and Siberia.
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Port Hueneme, California – The U.S. Military Sealift Command (MSC) recently completed cargo loading for Operation Deep Freeze 2026, sending the Dutch-flagged heavy-lift vessel Plantijngracht to McMurdo Station in Antarctica. The decision to charter a foreign-flagged ship has sparked discussions over MSC’s reliance on non-U.S. vessels for critical government missions.
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