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Morning Briefing — Tuesday, November...
Morning Briefing — Tuesday, November 10, 2026 1. World developments Russia and Ukraine opened U.S.-brokered talks in Abu Dhabi—their...
Govt to sign concession deal...
Another foreign-trade-facilitation venture emerges as the government has pledged to sign concession agreement with PSA Singapore firm by next...
COP31 and maritime: Key climate...
As world leaders prepare to gather in Antalya, Türkiye, for COP31, attention is turning to the implementation of climate...
Shipping Corporation’s FY26 profit falls...
Bangladesh Shipping Corporation (BSC) posted a 5 per cent year-on-year decline in profit to Tk 2.91 billion in FY26,...
Salvage of the MSC Baltic III Wreck Prepares to Remove Final Stern Sections...
posted on: Nov 10, 2026
The salvage efforts in Newfoundland, Canada, to clear the wreck of the containership MSC Baltic III continue to report strong progress. In the latest update, the Canadian Coast Guard reports that Resolve Marine is preparing for pulling operations for the final two portions of the stern that remain in the water. Clearance of the wreck got underway during the summer of 2026, nearly a year and a half after the 33,767-dwt containership blacked out and was driven ashore in Ceder Cove, Newfoundland, near Corner Brook, in February 2025. The 207-meter (679-foot) vessel, which had a capacity for 2,478 TEU, had about 400 containers aboard. Canadian forces airlifted the crew from the ship without injury. The upper works of the containership were stripped away, including the accommodation block and the cargo hatches and gear. Upper portions of the hull were also removed before the operation began pulling sections of the...
Splash Wrap: The great shipbuilding squeeze
posted on: Nov 10, 2026
Remarkable statistics relating to today’s record shipbuilding boom led coverage on Monday and Friday this week. The global orderbook had reached a record 226.1m compensated gross tonnes (cgt), surpassing the previous peak of 225.5m cgt set in September 2008. The extraordinary volume of orders will almost definitely lead to delivery slippages in the coming couple of years. The cruise sector, too, has a record number of orders, now worth a total of $100bn. Arsenio Dominguez is set to remain at the helm of the International Maritime Organization (IMO) until the end of 2031 after the UN shipping agency’s council backed his appointment for another four-year term. The vote was not a slam-dunk, however, with a number of countries either abstaining or voting against the Panamanian. Among key business deals in recent days, Hamburg-listed MPC Oceanic Group stood out for its move to acquire a 41% stake in Cyprus-based shipmanager...
The Hidden Liabilities In Maritime Acquisitions...
posted on: Nov 10, 2026
What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity firms, strategic buyers and marine operators may pursue acquisitions to expand capabilities, add assets, enter new markets and strengthen their position across the maritime industry. But buying a marine business is not the same as buying a traditional operating company. Marine organizations combine vessels and waterfront assets with specialized labor, complex contracts, environmental exposures, regulatory requirements and increasingly connected technology. Those operating realities can materially affect the economics of an otherwise attractive transaction and are among the critical considerations explored in Hylant’s Maritime M&A Risk Guide. Financial diligence tells a buyer what a company earns. Marine risk diligence should help determine whether the assets and operations behind those earnings can sustain them. What Are You Really Acquiring? I refer to this as the Quality of...
Analysis: Is shipping’s digital transformation outpacing its cyber resilience?...
posted on: Nov 10, 2026
As artificial intelligence gains ground in cybersecurity and maritime systems become increasingly interconnected, the shipping industry faces a critical challenge: ensuring that technological progress is matched by the ability to prevent, manage and recover from cyber incidents. Recent findings suggest that the issue is no longer simply whether shipping is investing in cybersecurity, but whether its approach to digital risk is keeping pace with operational change. Digital shipping, rising risks The shipping industry’s relationship with technology is changing. Digitalisation is no longer confined to administrative functions or isolated shipboard applications. Increasingly, navigation, machinery monitoring, cargo operations, communications and shore-based fleet management depend on connected systems and the continuous exchange of operational data. This transformation offers considerable opportunities for efficiency, situational awareness and decision-making. However, it also creates dependencies that traditional approaches to maritime safety and cybersecurity were not necessarily designed to address. Recent developments suggest that the industry is...
Morning News Brief — Monday, November 9, 2026...
posted on: Nov 9, 2026
Morning News Brief — Monday, November 9, 2026 1. World developments Russia–Ukraine negotiations begin tomorrow with security guarantees at the center. The two-day U.S.-mediated talks in Abu Dhabi will be the first trilateral negotiations since February. Ukraine wants NATO-like guarantees and rejects territorial concessions; Russia demands Ukrainian withdrawal from four claimed regions, military restrictions and permanent exclusion from NATO. apnews.comWhy it matters: The parties remain far apart, but discussions on military transparency, crisis communications and humanitarian measures could produce narrower agreements even if a comprehensive settlement is unattainable. The Zaporizhzhia nuclear plant has again lost external electricity. Europe’s largest nuclear plant is relying on emergency diesel generators to cool its reactors after its remaining external power connection disconnected. The IAEA said radiation levels were normal and fuel was available to operate a limited number of generators for approximately two weeks. 11Why it matters: A prolonged power loss increases nuclear-safety...
India in the Mediterranean
posted on: Nov 9, 2026
Vijay Prashad On 26 October 2026, Greece’s foreign minister George Gerapetritis stood at the United Nations headquarters and rejected the maritime agreement between Turkey and Libya. Gerapetritis spoke on behalf of Greece of course, but also Bahrain, Cyprus, Egypt, the European Union, and the United Arab Emirates. Five days later, the Indian frigate INS Trishul entered Souda Bay in Crete as part of activities with the US Navy installation (Naval Support Activity) and with the NATO Maritime Interdiction Operational Training Centre. The sequence illuminates a developing strategic geography: India’s naval reach, its confrontation with Pakistan’s new Turkish partner, and its ambition to connect Indian capital to European markets increasingly converge in the eastern Mediterranean. Energy fields On 20 October, the Libyan Government of National Accord in Benghazi approved a maritime memorandum signed with Türkiye in 2019. Greece, which has a hostile relationship with Türkiye, argues that the delimitation in...
Seafarers’ needs must drive technological advances at sea, study highlights...
posted on: Nov 9, 2026
New research highlights how technology can shift rather than eliminate operational risks at sea, emphasizing the importance of seafarer experience in ensuring its safe implementation. The findings are presented in the STEER Project’s initial report, The evidence, the gaps and the way forward, published by The Nautical Institute with support from Lloyd’s Register Foundation. Drawing on casualty investigations, academic research, industry publications and seafarer feedback, the report examines technology’s impact on shipboard safety, workload, competence and wellbeing. As explained, a review of 471 maritime casualty cases between 2005 and 2025 found that 43.1% involved at least one human-factor cause associated with equipment and workplace conditions. Among 35 cases where technology was identified as a direct cause, safety management failures were present in 89%, while inadequate resourcing was identified in 77%. The casualty analysis, undertaken by the University of Strathclyde, indicates that technology-related incidents often involve underlying organizational weaknesses rather...
Four months offline to daily video calls: the gaps ship managers still need to close...
posted on: Nov 9, 2026
Seafarers at Seatrade Crew Connect in Manila said internet access on board has changed crew welfare, but promises of free Wi-Fi often don’t hold once crew are on board. A panel moderated by MarTrust’s Errikos Andreakos heard that safety, rest hours and crew bonding all hinge on how owners and managers run connectivity once it is switched on. When Robert John Landero joined his first ship as a cadet, there was no internet for four months. Crew could get online only on port days, and they had to pay for it. Five years later, the Deck Officer and Country Manager of The Hood Platform told a panel at Seatrade Crew Connect in Manila on 21 October that conditions have improved across many fleets. He also said some companies still oversell what they provide. “They say they have free internet on board, but when you go on board, there’s no...
Iran says Indian ships exempt from Strait of Hormuz transit restrictions...
posted on: Nov 9, 2026
Iran has reportedly exempted vessels from India, China, Iraq and Qatar from shipping restrictions in the Strait of Hormuz, although Indian and Chinese ships remain subject to transit fees. Amir Hayat-Moghaddam, deputy chairman of the Iranian parliament’s National Security and Foreign Policy Committee, told the Iranian Students’ News Agency (ISNA) on November 3 that vessels from the four countries were permitted to transit the strategic waterway despite continuing restrictions on commercial shipping, as reported by Anadolu Agency. The lawmaker said the exemptions reflected Iran’s economic and diplomatic interests. In India’s case, the arrangement was intended to facilitate pharmaceutical imports, while the exemption for Chinese vessels was linked to securing Beijing’s political support. Hayat-Moghaddam also said Iran was collecting transit fees from Indian and Chinese vessels, while allowing Qatari ships to pass without charges. He did not clarify whether Iraqi ships were subject to similar payments. Although the announcement suggests...
Marshall Islands warns of targeted cyberattacks on shipboard networks...
posted on: Nov 9, 2026
The Republic of the Marshall Islands (RMI) Maritime Administrator has warned of deliberate cyber threats targeting commercial vessels, following investigations into suspected cyberattacks on two US-bound ships in August 2026. In Ship Security Advisory No. 08-26, issued on October 30, 2026, the Administrator highlights how internet-facing network infrastructure, particularly firewalls, routers and virtual private network (VPN) systems, can provide hostile actors with access to onboard information technology (IT) and operational technology (OT) systems. According to the advisory, the US Coast Guard (USCG) and Federal Bureau of Investigation (FBI) confirmed that two vessels bound for the United States were subjected to suspected cyberattacks during August 2026. The first vessel was boarded in the Gulf of Mexico on August 21 by USCG law enforcement, inspection and cyber protection personnel, alongside an FBI cyber team, following indications that its network had been compromised by foreign cyber actors. A second vessel was boarded...
Technostress grows as STCW takes 10 years to catch up with digital ships...
posted on: Nov 9, 2026
Ship managers are adding alarms, connectivity and AI tools to bridges faster than training rules can follow. At CrewConnect Global in Manila, a panel of regulators, managers and trainers looked at what happens when certified crews no longer understand the systems in front of them. Ship managers fitting their vessels with integrated alarm systems, remote diagnostics and AI tools may be adding risk faster than they are adding competence. That idea ran through a panel at Seatrade Maritime CrewConnect Global in Manila on 21 October. Speakers were asked to imagine that it was 2032 and that a crew holding valid certificates had caused a casualty they did not fully understand. John Lloyd, Chief Executive Officer of The Nautical Institute, moderated and made the format plain from the start. “They’re not getting a fireside chat, they’re getting an interrogation,” he told the room. Certified is not the same as capable...
IMO Council Backs Second Term for Secretary-General Arsenio Dominguez...
posted on: Nov 9, 2026
Decision to extend the Secretary-General’s mandate for another four years is subject to approval by the IMO Assembly in 2027. The IMO Council, comprising 40 Member States, held its 138th session (2-6 November) at IMO headquarters in London. The IMO Council has decided to extend the mandate of Secretary-General Arsenio Dominguez for a second four-year term, from 1 January 2028 to 31 December 2031. Announcing the decision on 4 November during the Council’s 138th session in London, Council Chair Mr. Victor Jimenez (Spain) congratulated the Secretary-General on behalf of the IMO Council and confirmed that the decision would be submitted to the IMO Assembly for approval when it meets in late 2027. Addressing the meeting, Mr. Dominguez said: “I am deeply grateful to the Members of the Council and all Members of the Organization for their continued trust and support. I remain committed to following your guidance and contributing...
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জাহাজ নির্মাণ শিল্প: হাতছাড়া হচ্ছে অপার সম্ভাবনা জাহাজ নির্মাণ শিল্প: হাতছাড়া হচ্ছে অপার সম্ভাবনা গোলাম সোহরাওয়ার্দি প্রকাশ : ২৭ অক্টোবর ২০২৬, ০৮: ০৪আপডেট : ২৭ অক্টোবর ২০২৬, ০৯: ২৪ সারা বিশ্ব এখন জাহাজ নির্মাণের এক বিশাল জোয়ার দেখছে। চীন, দক্ষিণ কোরিয়া ও জাপানের মতো দেশগুলো এ খাত থেকে বিপুল মুনাফা কামিয়ে নিচ্ছে। নতুন বাণিজ্যিক পথ তৈরি, জাহাজের […]
Worldwide Shipbuilding Boom and Bangladesh’s Lost Opportunity: How Financial Mismanagement, Loan Defaults, and Weak Governance Crippled a Promising Industry An investigative analysis by Ghulam Suhrawardi Today, the world is witnessing one of the largest shipbuilding booms in history. Many countries are profiting from it. China, South Korea, and Japan have benefited from increased demand for new vessels due to fleet renewal, changing trade routes, environmental regulations, and strong financial […]
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