Regulations & Policy
With global carbon levy being a looming uncertainty, shipowners remain cautious
Uncertainty about the scale and nature of the International Maritime Organization’s proposed carbon levy is holding back investment in shipping, according to Christopher J. Wiernicki, Chairman and CEO of the US-based class society ABS.
Oil tanker stays put as cargo ship gets a tow: US and Portugal let UK spearhead North Sea allision probe
As a recent allision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea keeps reverberating across the maritime industry, many conspiracy theories are making the rounds.
German shipowners: National interests should not hamper free global trade flows
Increasing protectionist tendencies in global trade policy present challenges for German shipping, according to the German Shipowners’ Association (VDR) which warned that national interests must not come at the expense of free global trade flows.
DNV okays Hanwha Aerospace’s marine hydrogen fuel cell system
Hanwha Aerospace has received approval in principle (AIP) from DNV for its 200 kW hydrogen fuel cell system designed for maritime applications.
Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects
The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector.
Singapore raises limits for licensed bunker ships to carry biofuel blends up to B30
Singapore-registered conventional bunker ships will be allowed to carry and deliver biofuel blends up to B30 without separate approval, the Maritime and Port Authority of Singapore (MPA) revealed.
US tariff tsunami looms over shipping industry as stakeholders brace for impact
Following the Office of the United States Trade Representative (USTR)’s late February announcement regarding new tariffs on Chinese-built vessels, shipowners and charterers have scrambled to assess the fallout as concerns over rising transport costs and potential trade route disruptions mount. “Amer
LR partners with Microsoft to use AI for advancing nuclear power in maritime
Classification society Lloyd’s Register (LR) has revealed plans to use generative artificial intelligence (AI) to accelerate the regulatory process for nuclear power in the maritime industry.
Lloyd’s Register approves Corvus Energy’s marine battery system
Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.
LNG bunkering in US unshackled as gov’t reverses restrictions
Liquefied natural gas (LNG) is (re)gaining regulatory support in the United States, with the country’s Department of Energy (DOE) having removed the barriers standing in the way of using LNG as a marine fuel to power ships. As informed, the Department of Energy’s oversight was withdrawn under the Na
Flag-hopping undercuts EU ship recycling guidelines, European Commission found
The EU Ship Recycling Regulation (SRR), in place since 2018, has largely met its objectives, but its further progress hinges on responsible practices of shipowners, a ‘considerable’ number of whom have “actively undermined” the guideline’s success, a new evaluation by the European Commission argues.
Ports of Rotterdam and Antwerp-Bruges call for rapid Clean Industrial Deal implementation
The Dutch Port of Rotterdam and Belgian Port of Antwerp-Bruges have welcomed the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry, emphasizing that now is the time to concretize the announced measures.
Bangladesh moves to overhaul ship recycling laws in bid to meet global environmental standards
Draft amendments to Bangladesh’s ship recycling and hazardous waste management legislation have been developed to align the shipbreaking industry with international environmental standards and safety regulations, the International Maritime Organization (IMO) has revealed. According to IMO, the propo
Welcome, (neo)protectionism: US may target Chinese ships with up to $1.5M port fee
The Office of the United States Trade Representative (USTR) has proposed a measure to charge a fee of up to $1.5 million for Chinese-built vessels entering US ports in an attempt to curb China’s dominance in shipping, shipbuilding and logistics sectors.