INTERCARGO statement: IMO’s mid-term decarbonisation measures should be simple and effective

As the industry gears up for next week’s much anticipated MEPC 80 (Marine Environment Protect Committee) meeting, INTERCARGO Secretary General Kostas Gkonis (pictured) has reiterated the importance that mid-term measures to help the IMO’s decarbonisation ambitions should be both simple and effective, so as to be efficiently implemented by ships worldwide. Dr Gkonis was commenting […]

Torvald Klaveness and Marubeni embark on new phase of partnership

After three successful years as joint partners of Baumarine by MaruKlav, the world’s largest Panamax Pool, both parties are excited to reveal the signing of a new agreement to expand the partnership. The new deal sees Marubeni invest in a 25% stake of Klaveness Dry Bulk, underscoring our mutual commitment to innovation through collaboration. The […]

Multi-billion dollar opportunities for Plymouth and the South West

In a keynote speech to the UK South West’s business leaders, the University of Plymouth’s Vice-Chancellor has outlined the enormous potential for the region in harnessing the power of the oceans – including billions of dollars in global investment. Speaking at the South West Business Council’s annual dinner, sponsored by the University, last night (Thursday […]

IACS elects new Chair at Council’s 87th Session

The IACS (International Association of Classification Societies) Council met in Gdansk, Poland this week for its 87th session (C87) where decarbonisation was high on the agenda and new Chair Mr. Roberto Cazzulo (pictured) of RINA was elected as from 1 January 2024. IACS Council welcomed the recent decision by IMO to adopt a new output […]

SEA-LNG coalition calls on IMO to regulate all GHG emissions on a full lifecycle basis

Clear and consistent regulation is key to driving maritime decarbonisation. With this in mind, and ahead of the IMO 80th Marine Environment Protection Committee (MEPC 80), industry association SEA-LNG calls on the IMO to regulate all greenhouse gas (GHG) emissions from shipping, including carbon dioxide, methane, and nitrous oxide on a full lifecycle, Well-to-Wake, basis. […]

Long-term ocean freight rates down almost 50% over last three months: Xeneta

The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI®) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10.3% fall in April, contracted rates have now shed 47.2% of their value in […]

WinGD and AET sign ammonia engines and training collaboration agreement

Swiss marine power company WinGD has entered into a collaboration agreement with ship owner and operator AET and maritime academy Akademi Laut Malaysia (ALAM), both part of MISC Group, to develop technology and training for ammonia engines. The agreement will see the partners work towards the potential introduction of X-DF-A ammonia-fuelled engines on vessels which […]

ClassNK receives approval from AMP to use FURUNO HermAce as alternative to VDR APT

ClassNK has received approval from the Panama Maritime Authority (AMP) to accept HermAce developed by FURUNO ELECTRIC CO., LTD (FURUNO) as an alternative for the onboard Annual Performance Test (APT) of the Voyage Data Recorder (VDR). It is now possible to conduct VDR APT remotely for Panamanian flagged vessels registered with ClassNK. SOLAS requires a […]

ABS approves latest liquified carbon dioxide vessels for PETRONAS, MOL and SDARI

New vessel designs to carry and store liquified carbon dioxide (LCO2) from PETRONAS, Mitsui O.S.K. Lines (MOL) and Shanghai Merchant Ship Design and Research Institute (SDARI) have received approval in principle (AiP) from ABS. Designs for a 96,000m3 LCO2 floating storage and offloading (FSO) unit and an 87,000m3 LCO2 carrier were reviewed in accordance with […]