According to Splash 247, London-based shipping company Zodiac Maritime has initiated a major fleet renewal worth around $1.6 bn, placing fresh orders for large tankers and containerships in China.
A historic tugboat that sank and leaked oil into Washington waters has now been successfully raised by salvors, according to Maritime Executive. Authorities moved quickly to contain environmental damage and remove the wreck, ending days of response operations in the affected area.
Taiwan is stepping up its campaign to block “high-risk” or poorly regulated vessels from its waters, Splash 247 reports. The government is updating its Law of Ships to allow fines of up to NT$10 million for operators whose vessels fail to provide accurate identification or transmit proper AIS signals. The move is part of a broader push to strengthen maritime security.
According to Splash 247, Greece’s Top Ships is considering a major move into Dubai’s property market through a potential acquisition tied to its CEO and main shareholder, Evangelos Pistiolis.
The tanker owner has signed a letter of intent to potentially purchase part or all of a residential real estate portfolio in Dubai controlled by a Pistiolis-related company. The assets are valued at more than $200 million.
The Trump administration has carried out its first nighttime military strike against suspected drug traffickers in the Caribbean Sea, killing six people aboard a vessel linked to the Venezuelan criminal group Tren de Aragua, gCaptain reports.
Global container shipping company A.P. Moller-Maersk has reflagged two vessels under the Indian registry, becoming the second major carrier after CMA CGM to do so, Maritime Executive reports. The move signals Maersk’s deepening commitment to India, where it plans to invest up to $5 billion in logistics and infrastructure.
Global oil markets are shifting as China and India, Russia’s top energy clients, scale back purchases of Russian oil under mounting US sanctions pressure, Splash247 reports. The move follows President Donald Trump’s latest sanctions on Rosneft and Lukoil, intensifying Washington’s efforts to curb Moscow’s oil revenues that have funded the war in Ukraine for over three years.
Jeju Port in South Korea has welcomed its first containership from China in 57 years, Maritime Executive reports. The new weekly China–Jeju route is set to boost trade, reduce shipping costs, and provide faster delivery for exporters and importers on the island.
A fire at Vijai Marine Shipyard in Loutolim, Goa, on October 17, 2025, claimed the lives of three workers and left four others seriously injured, The Maritime Telegraph reports, citing Times of India. The blaze broke out in the late afternoon while seven laborers were welding in a confined area of a vessel under construction. All victims were migrant workers from Uttar Pradesh.
A new global initiative, Carbon Measures, has brought together leading shipping companies, ports, and major charterers to create a more accurate carbon accounting framework, Splash 247 reports. The coalition aims to improve emissions tracking and promote market-based solutions to cut carbon at the lowest cost.
The age of autonomous shipping is no longer a distant vision – it’s set to begin as early as 2026, according to Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea Technologies, one of the maritime industry’s most recognized AI innovators. In an interview with Maritime CEO, reported by Splash 247, Kyriakopoulos predicted that next year will mark the takeoff of propulsion automation.
Two prominent Greek shipowners, Eastmed and Seanergy Maritime, are deepening their cooperation with Chinese shipyards. Hengli Heavy Industries continues to expand its growing orderbook with European tonnage. According to Splash 247, the Dalian-based yard has secured contracts worth approximately $211 million for five new bulk carriers from the two companies.
