Maritime Current News

Insights, Updates, and Maritime Intelligence

Thursday, July 30, 2026

Maritime Current News

Insights, Updates, and Maritime Intelligence

Thursday, July 30, 2026
Insights,Updates,and Maritime Intelligence

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Stolt-Nielsen Considers Sale of Up to 50% Stake in Avenir LNG
Ports and Shipping
Maritime Current News

Stolt-Nielsen Considers Sale of Up to 50% Stake in Avenir LNG

Oslo-listed shipping and logistics group Stolt-Nielsen is evaluating a partial sale of its small-scale LNG subsidiary Avenir LNG, just months after gaining full ownership of the company.
In a filing to the stock exchange, Stolt-Nielsen said its gas shipping arm, Stolt-Nielsen Gas, is currently in discussions with a strategic investor regarding the potential sale of up to 50% of its stake in London-based LNG bunkering operator Avenir LNG.

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HMM Sets Global Record with Delivery of 10,800-CEU Mega Car Carrier
Ports and Shipping
Maritime Current News

HMM Sets Global Record with Delivery of 10,800-CEU Mega Car Carrier

South Korean shipping giant HMM has taken delivery of the world’s largest pure car and truck carrier (PCTC), marking a new milestone in the rapid evolution of global car shipping. Built by Guangzhou Shipyard International (GSI), a subsidiary of China State Shipbuilding Corporation (CSSC), the vessel is capable of carrying 10,800 car equivalent units (CEU), the largest capacity ever recorded for a car carrier.

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HORIZON MLU Milestone reached with KRONOS Grand Naval Radar Installed
Maritime Safety , Security and Technology
Maritime Current News

HORIZON MLU Milestone reached with KRONOS Grand Naval Radar Installed

A key milestone has been achieved in the Horizon Mid-Life Upgrade (MLU) programme with the successful delivery and installation of the first Kronos Grand Naval radar at France’s Shore Integration Facility (SIF) in Saint-Mandrier.
The Kronos Grand Naval (KGN) radar, supplied by Leonardo, was shipped and installed at the DGA Shore Integration Facility on 17 December 2025. The installation represents a critical step in the Horizon-MLU cooperative programme, as it enables the start of qualification and acceptance activities for the Principal Anti-Air Missile System (PAAMS) at the SIF over the coming year.

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Meriaura Signs Contract for 6,800-DWT Open Deck Carrier in China
Ports and Shipping
Maritime Current News

Meriaura Signs Contract for 6,800-DWT Open Deck Carrier in China

Finnish shortsea shipping company Meriaura has taken another step in its fleet renewal programme by signing a contract to build a new open deck carrier in China, reinforcing its long-term focus on specialised shortsea operations.
The company confirmed that the 6,800 dwt vessel will be constructed at Jiangsu Zhenjiang Shipyard and is scheduled for delivery in early 2028. The newbuild will measure 120 metres in length and will be built to 1A ice class with DP2 notation, supporting Meriaura’s strategy of maintaining year-round operability in northern and ice-prone waters.

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PetroChina Suspends Venezuelan Crude Trading as U.S. Takes Control of Exports
Maritime Trade & Economy
Maritime Current News

PetroChina Suspends Venezuelan Crude Trading as U.S. Takes Control of Exports

China’s state owned oil giant PetroChina has directed its traders to halt purchases and trading of Venezuelan crude oil since the United States assumed control of Venezuela’s oil exports earlier this month, according to sources with direct knowledge of the situation.
PetroChina, a publicly listed subsidiary of China National Petroleum Corporation (CNPC), was historically the largest buyer of Venezuelan oil until it stopped imports in early 2019 following U.S. sanctions targeting Venezuela’s oil sector. Its latest decision to refrain from engaging with new Venezuelan crude — at least until further clarity from company leadership — underscores a tightening of supply to Chinese refiners and challenges in global crude trading under shifting geopolitical conditions.

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EU–India Free Trade Agreement Signed: €4 Billion Annual Savings and 96% Tariff Cuts
Maritime Trade & Economy
Maritime Current News

EU–India Free Trade Agreement Signed: €4 Billion Annual Savings and 96% Tariff Cuts

A landmark European Union–India Free Trade Agreement (FTA) was officially signed on 27 January 2026, ending nearly four years of negotiations and setting the stage for transformative economic cooperation between the EU and India.
The negotiations were formally relaunched on 17 June 2022, alongside separate discussions on an Investment Protection Agreement and an Agreement on Geographical Indications (GIs). After years of intensive engagement, the FTA has now been concluded, opening unprecedented trade and investment opportunities between Europe’s largest economic union and India, the world’s most populous nation.

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India Plans Domestic LNG Shipbuilding as Part of $500 Billion Energy Expansion
Ports and Shipping
Maritime Current News

India Plans Domestic LNG Shipbuilding as Part of $500 Billion Energy Expansion

India is positioning itself for energy independence with investment opportunities worth $500 billion in its energy infrastructure, Prime Minister Narendra Modi announced on Tuesday during the India Energy Week conference.
“We are moving away from energy security to energy independence,” Modi said, highlighting the South Asian nation’s ambitious energy infrastructure drive. India is focusing on expanding affordable refining and transport options while boosting its capacity in natural gas. “We are aiming to make LNG transportation vessels domestically,” he added, signaling a push toward local liquefied natural gas (LNG) shipbuilding.

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Destin Fire Control District Adds High-Speed M-19 Coastal Fireboat to Florida Fleet
Maritime Safety , Security and Technology
Maritime Current News

Destin Fire Control District Adds High-Speed M-19 Coastal Fireboat to Florida Fleet

The Destin Fire Control District (DFCD), home to Florida’s largest fleet of firefighting vessels, has received a state-of-the-art 52-foot (16-meter) coastal fireboat, the M-19, from Mobile, Alabama-based boatbuilder Silver Ships.
The aluminum deep-V hull vessel is powered by four 425hp Yamaha outboard engines, enabling a top speed of 45 knots. Equipped with two Darley firefighting pumps capable of discharging 3,000 gallons (11,000 liters) per minute, M-19 provides 360-degree firefighting coverage via two forward and two aft monitors. One monitor is remotely controlled, minimizing crew exposure during hazardous operations.

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Guyana Set for Major Economic Growth in 2026 as Offshore Oil Production Surges
Maritime Trade & Economy
Maritime Current News

Guyana Set for Major Economic Growth in 2026 as Offshore Oil Production Surges

Georgetown, Guyana — Guyana’s economy is poised for strong expansion in 2026, with overall growth projected at 16.2 per cent, a slight moderation from the 19.3 per cent recorded in 2025, according to Finance Minister Ashni Singh in the presentation of the 2026 National Budget.
The country’s oil and gas sector remains the primary engine of growth, expected to expand by 17.9 per cent this year. Average crude production is forecast at around 840,000 barrels per day (bpd), reinforcing Guyana’s position as a rapidly growing energy producer on the global stage.

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Finland Plans Gulf of Finland Surveillance Hub to Protect Undersea Infrastructure
Maritime Safety , Security and Technology
Maritime Current News

Finland Plans Gulf of Finland Surveillance Hub to Protect Undersea Infrastructure

Finland is planning to establish a maritime surveillance centre in the Gulf of Finland to help prevent damage to critical undersea infrastructure, including submarine cables and pipelines, the Finnish Border Guard said on Monday. The centre will be developed in cooperation with other Baltic Sea nations and the European Commission.

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Trump Hikes US Tariffs on South Korean Imports to 25%
Maritime Trade & Economy
Maritime Current News

Trump Hikes US Tariffs on South Korean Imports to 25%

US President Donald Trump has announced a sharp increase in tariffs on imports from South Korea, raising duties to 25% after accusing Seoul of failing to fully implement a trade agreement reached last year.
In a social media post, Trump said tariffs would rise from 15% on a wide range of South Korean products, including automobiles, lumber, pharmaceuticals and other goods covered under what he described as “reciprocal tariffs.” He claimed South Korean lawmakers had been slow to approve the agreement, while the United States had acted quickly to reduce its own tariffs in line with the deal.

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Three Killed, Two Injured as Tourist Boat Capsizes in Gulf of Oman
Maritime Safety , Security and Technology
Maritime Current News

Three Killed, Two Injured as Tourist Boat Capsizes in Gulf of Oman

Three people lost their lives and two others were injured after a tourist boat capsized in the Gulf of Oman on Tuesday, January 27, according to local authorities.

Officials said the vessel was traveling to the popular Ad Dimaniyat Islands when it overturned around 2.5 nautical miles off Sultan Qaboos Port in Muscat shortly after 9:00 a.m. local time.

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