Launch of UK Shipbuilding Skills Taskforce report

Today as part of London International Shipping Week, the UK Shipbuilding Skills Taskforce has published its report ‘A Step Change in UK Shipbuilding Skills’ and a supporting toolkit for shipbuilding employers ‘How to Leverage UK Skills Systems’. Dr Paul Little, Principal of City of Glasgow College and chair of the Taskforce, is launching the report […]

London company market premium increases to $44bn

Total premium income for the London company market in 2022 was £44.071bn, a new report by the International Underwriting Association (IUA) has revealed. The figure represents an increase of around one quarter on the previous year when an aggregate of £35.654bn was recorded. The overall intellectual and economic premium for 2022 comprises £37.626bn written in […]

Five-way teaming on development of ammonia-fuelled ammonia bunkering tanker agreed in Singapore

ClassNK, Consort Bunkers, Daihatsu Diesel Mfg., Daikai Engineering, and SeaTech Solutions International (S) have concluded a Memorandum of Understanding concerning a joint study on an ammonia-fuelled ammonia bunkering tanker. The MOU was signed by representatives of all five parties with the presence of an official from Maritime and Port Authority of Singapore at the Gastech2023 […]

ABS awards AIP for Bumi Armada’s pioneering carbon storage and injection vessel

ABS has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU). Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 […]

LR and COSCO intend to join forces for LNG fleet decarbonisation pathway project

Lloyd’s Register (LR) and Shanghai COSCO SHIPPING LNG investment (COSCO), a subsidiary of China Shipping Corporation Limited, have signed a partner agreement for the intention of a new project that aims to formulate and assess the decarbonisation pathway for COSCO Shipping’s existing LNG carrier fleet. The intention was signed formally with a Letter of Intent […]