Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCARGO. The document was submitted to the International Maritime Organization in May, ahead of the 9th session of its […]
Middle East Navigation Aids Service (MENAS) has scooped a prestigious international Royal Society for the Prevention of Accidents (RoSPA) Award, demonstrating its commitment to health and safety excellence. MENAS, a branch of the International Foundation for Aids to Navigation (IFAN), won a Silver Award in the Engineering category, showing its dedication to ensuring its personnel […]
The ICS (international Chamber of Shipping) is pleased to announce that the International Medical Guide for Seafarers and Fishers has now been officially recommended for use on board by the Panama Maritime Authority. The Flag State has issued a merchant marine notice recommending that this modern and practical medical guide be included on the list […]
LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have announced an agreement to enable customers to evaluate the different carbon options for cargo programmes via Workspace. The agreement will combine Siglar’s emissions insights with LSEG’s industry-leading European carbon markets and industry emissions analytics to help charterers, traders, brokers and ship […]
Watson Farley & Williams (WFW) advised First Citizens Bank (FCB), on its acquisition of a US$123m portfolio of 11 shipping loans previously held by HSBC Bank. The loans acquired pertain to 14 vessels owned by eight different ship owners. A longstanding leader in Greek maritime finance, HSBC has recently been divesting itself of its shipping […]
Classification society American Bureau of Shipping (ABS) awarded Seaspan Corporation and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) in collaboration with Foreship an Approval in Principle (AiP) for the design of a 15,000 TEU ammonia-powered container vessel. The certificates were presented at the ABS office in Copenhagen on July 25th, 2023. Ammonia […]
ClassNK has granted its Innovation Endorsement for Products & Solutions to a CII management solution called Bearing CII Optimizer developed by Bearing, Inc. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for […]
