COGNICURRENT

The shipping industry is largely reliant on fossil fuels, with a significant majority of new ships being constructed to run on oil or LNG rather than green alternatives.

Ioanna Prokopiou has officially taken up her role as president of the Hellenic Advisory Committee of Lloyd’s Register, marking a significant collaboration with the Greek shipping community.

The global ship orderbook reveals that fossil fuels continue to dominate shipping, with around 93%-97% of new vessels still set to rely on oil or LNG.

Navios Maritime Partners LP concluded 2025 with impressive operational performance and significant revenue growth despite geopolitical uncertainties.

The Finnish maritime industry is experiencing a severe labor shortage even as unemployment rates are high, prompting the Minister of Labor to advocate for domestic employment solutions.

Newly announced port fees by US authorities may significantly increase costs for super tankers, potentially hindering trade flow.

The fishing industry in Gaza has completely collapsed due to the ongoing Israeli war and maritime blockade, resulting in significant losses for local fishermen.

Navios Maritime Partners LP reported strong operational performance and increased revenues for 2025, showcasing resilience amid geopolitical upheavals.

The Board of Directors of the Nautical Chamber of Greece was formed today following elections held on February 18, 2026, to fill half of the board positions.

Sinokor Maritime significantly strengthens its position in the VLCC market as freight rates reach historically high levels.

The European Commission seeks to distinguish between 'open registers' used by leading maritime nations and 'flags of convenience' in a new study on the role of flags in international shipping.

United Maritime Corporation has reported a profitable divestment of $1.7 million from its offshore sector investments.

The 16th Annual Capital Link Greek Shipping Forum in Greece attracted over 1,000 attendees, including global maritime leaders and dignitaries.

Graduate students from the University of Piraeus' MSc in International Shipping program visited Danaos Shipping to connect academic knowledge with the maritime industry's practical operations.

The article discusses the emergence of nuclear technology as a potential solution for clean and efficient energy in shipping, with a focus on the CONVOY 2026 training program by CORE POWER.

The shipping industry is reacting to the US government's maritime action plan, which includes port fees for all foreign-built ships, drawing parallels to last year's suspension of fees between the US and China.

Dubai Drydocks has joined the Maritime Emissions Reduction Centre (MERC), marking a significant step in the Centre's international expansion and commitment to providing decarbonization solutions for the shipping industry.

The J.H.I. Steamship Co has announced the delivery of the newly-built tanker M/T ARION, marking a step in the expansion of its fleet.

The Trump administration has released a strategic document named 'America’s Maritime Action Plan,' aiming for the revival of the US shipbuilding industry with a focus on cooperation with ally countries like South Korea and Japan.

Capital Maritime & Trading has announced a significant investment in 11 new Very Large Crude Carriers (VLCCs), totaling approximately 1.4 billion euros amid strong market conditions.

AMMITEC's recent event brought together over 350 representatives from the maritime ICT community to discuss the digital transformation in the shipping industry.

Capital Maritime & Trading has placed an order for 11 new Very Large Crude Carriers (VLCCs) worth approximately $1.4 billion amid high freight rates and market activity.

Charis Vafias, CEO of Vafias Group, has been awarded the title of 'Dynamically Growing Entrepreneur of the Year' at the EY 'Entrepreneur of the Year' awards in Greece for 2025.

The deputy CEO of Angelicoussis Group highlighted the importance of a realistic transition plan for decarbonisation in the shipping industry during the LNG2026 Conference in Qatar.

The Helsinki Shipyard has reached an agreement with Davie Defense to construct two icebreakers for the United States Coast Guard.

A significant contract between Finland and the United States for the construction of icebreakers has been finalized, commencing with two icebreakers to be built in Helsinki.

A skills shortage threatens to slow down the positive momentum of Finland's maritime industry, leading to calls for increasing domestic workforce participation.

The Stevie platform is transforming fleet management by automating critical operational data display, allowing companies to make timely and informed decisions.

Greek shipowners are at the forefront of developing maritime routes for transporting LNG from the US to Europe, emphasizing the growing recognition of shipping's importance.

Two Southern European countries expressed concerns about the EU's potential new sanctions on Russian oil, fearing impacts on the shipping industry and energy prices.

Greek shipowners are rapidly increasing their orders, with 16 new ship orders placed in the first week of February following 47 orders in January.

Sea Pioneer Corporation is partnering with Propulsion Analytics and NeptuneZero to enhance the digitization of its fleet operations.

The Columbia Group has selected Prevention at Sea (PaS) as a strategic partner to enhance its digital capabilities by implementing the MORSE compliance platform across its fleet.

In January, Greek shipowners placed 47 new ship orders, significantly higher than the eight orders recorded during the same period in 2025, indicating a robust enhancement in their ordering activity.

The European Commission is set to propose measures to ensure that more ships and other goods and services for the EU's maritime sector are produced within the EU.

Safe Bulkers expresses gratitude to the Japanese Ambassador for a traditional meal, highlighting over four decades of close ties with Japan's maritime industry.

Greece is advancing its role in the European defense and shipbuilding industry through the innovative Unmanned Semi-fixed Sea Platforms for maritime Surveillance (USSPS) program, as highlighted by CEO Antonis Peppas.

The annual research by the International Chamber of Shipping (ICS) is essential for understanding and addressing the key risks affecting the shipping industry, aiding in the formation of policies and strategies by international maritime organizations and regulatory bodies.

Jens Meier, head of the Hamburg Port Authority, emphasizes the need for improved climate protection in the maritime economy through cooperation among major ports and the shipping industry.