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 American Bureau of Shipping (ABS) has launched a new Cruise Center of Excellence in Fort Lauderdale, Florida, offering specialized services to the cruising industry.

The Ministry of Oceans and Fisheries in South Korea has announced the recruitment of coastal shipping companies to participate in the 'Eco-Friendly Certified Ship Support Project' aimed at supporting the construction of eco-friendly ships.

Capital Tankers, part of Evangelos Marinakis' group, is seeking to raise $345 million through a private placement and plans to list its shares on the Oslo Stock Exchange.

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.

The article discusses the significance of careful executive search processes in the shipping industry to avoid costly mis-hires.

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

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

Paavo Nõgene, the CEO of Tallink Grupp, announced his resignation after eight years of leadership, citing the need for new leadership amidst significant crises.

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

Shipping companies in Greece are proposing several measures to avoid raising ferry ticket prices in the upcoming season, during a recent association meeting.

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

Pantheon Tanker, part of Anna Angelicoussis' group, is rapidly expanding its shipbuilding program by ordering new Very Large Crude Carriers (VLCCs) from Chinese firms.

The Greek ferry transport industry is focusing on strategic goals for 2026, emphasizing a green transition and modernization of port infrastructures.

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.

Performance Shipping has sold its oldest Aframax tanker, the M/T P. Sophia, for $35.65 million, realizing an $8 million profit in the process.

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

Lloyd’s Register has issued a warning about the deterioration in the quality of marine fuels, with a significant increase in non-compliant fuel incidents reported in major bunkering ports.

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.

International shipowner associations gathered in Athens to discuss collaboration and challenges in the shipping industry.

Diana Shipping Inc. has announced a new time charter agreement with Nippon Yusen Kabushiki Kaisha for the Post-Panamax vessel Phaidra at a reduced daily rate.

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.

The shipbreaking industry in India is experiencing a resurgence as more U.S.-sanctioned tankers arrive at its shores, despite the sector facing previous downturns.

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

Dynacom Tankers Management has ordered nine new Suezmax tankers from the Chinese shipyard Hengli Heavy Industry, further strengthening its position in the international tanker market.

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.

The Angelikousis Group is resuming its shipbuilding activities, specifically for bulk carriers, after signing a contract with Chinese shipyards.

The international shipping industry is looking for a unified approach regarding open-loop scrubbers, amid environmental concerns.

The article discusses how Western sanctions, ship arrests, and low prices are severely impacting Russia's oil industry.

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 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.

Greece and Malta expressed concerns during an EU meeting regarding proposed sanctions against Russia's oil amid fears of negative 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.

The containership market is facing significant challenges with major companies like MAERSK reporting substantial losses due to pressure on rates and new capacities.

The container shipping industry is facing growing pressures from declining freight rates and the influx of new capacity, leading major players like MAERSK to report significant losses and cut thousands of jobs.

Panos Mitrou, Senior Vice President of Shipping Strategy at Lloyd's Register, highlighted crucial aspects of the LNG shipping industry's future at the LNG2026 exhibition in Qatar, discussing regulatory compliance, operational sustainability, and the importance of digital technologies and talent attraction.

Melina Travlou, president of the Union of Greek Shipowners, emphasized the importance of the Greek shipping fleet as a stabilizing force in international trade at the annual general assembly.

Recent data reveals a significant decline in orders for ships using alternative fuels, with the majority of the global fleet still reliant on conventional fuels.

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.

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.

Recent data indicates a decline in orders for ships using alternative fuels, highlighting a growing fatigue in the green orderbook.

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.