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Regulations & Policy

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Stellamar_launch
Regulations & Policy

ESL Shipping has a robust plan to achieve net zero by 2040

Finland-based shipping company ESL Shipping has joined the Science Based Targets initiative (SBTi), committing to setting both near-term and long-term science-based emission reduction targets aligned with the goal of limiting global warming to 1.5°C above pre-industrial levels. In 2021, ESL Shipping

about 2 years ago
Maersk containership
Regulations & Policy

Red Sea crisis: Missile attacks prompt Maersk subsidiary to halt transits, as emissions surge due to rerouting

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Two U.S.-flagged containerships, Maersk Detroit and Maersk Chesapeake, operated by Maersk Line, Limited, a U.S. subsidiary of A.P. Moller-Maersk, were targeted by anti-ship missiles while transiting the Bab el-Mandeb on January 24, 2024. The attacks were confirmed by Maersk saying that the two vesse

about 2 years ago
underwater noise
Regulations & Policy

Clean Arctic Alliance: The time is now to tackle underwater noise from shipping in Arctic waters

The Clean Arctic Alliance is calling on the maritime sector to reduce the impact of underwater noise from shipping on Arctic wildlife.

about 2 years ago
Minerva Oceana
Regulations & Policy

Trafigura aims for six zero-emission ships by 2030

Global commodity trading giant Trafigura has set an ambitious target of having at least six zero-emission green ammonia-fuelled vessels in its fleet by 2030 to achieve a 25% reduction in the GHG intensity of its shipping operations. Trafigura, one of the world’s largest charterers of vessels, is res

about 2 years ago
seafarers on a containership
Regulations & Policy

Neglected at sea: Seafarer abandonment surges, showing once again that critical ‘S’ is missing in sustainability

In a disheartening revelation, the International Transport Workers Federation (ITF) has unveiled alarming statistics regarding the abandonment of vessels in 2023. The figures reflect a worrying increase compared to the previous year, signifying an unsettling trend that demands urgent attention from

about 2 years ago
Danish Shipping
Regulations & Policy

Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal

Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally

about 2 years ago
ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021
Regulations & Policy

ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021

In 2021, an overwhelming 82 percent of methane emissions from international shipping could be traced back to liquefied gas tankers, primarily LNG carriers, according to the International Council on Clean Transportation (ICCT). The data is derived from an analysis conducted using the ICCT’s Systemati

about 2 years ago
UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea
Regulations & Policy

UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea

Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward interna

about 2 years ago
UMAS
Regulations & Policy

NYK CEO warns: Post-cold war international order unsustainable, signalling uncharted waters ahead

The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch

about 2 years ago
2023 in review: A transformative year for shipping and maritime
Regulations & Policy

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Mein Schiff Relax
Regulations & Policy

Fincantieri lands €415 million green loan

Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R

about 2 years ago
Shipbreaking
Regulations & Policy

45 yards included in the renewed EU list of ship recycling facilities

The European Commission adopted the 12th edition of the European List of ship recycling facilities featuring 45 yards. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list. These include Leyal Gemi Söküm Sanayi ve Ticaret Lt

about 2 years ago
Scale Gas orders 12,500 cbm LNG bunkering vessel
Regulations & Policy

Scale Gas orders 12,500 cbm LNG bunkering vessel

Chinese shipbuilding mayor Nantong CIMC SOE has signed a contract for the construction of a 12,500 cbm LNG bunkering vessel with Enagás subsidiary Scale Gas. The vessel is set for delivery by 2026, the Clarksons Hellas Weekly Bulletin reports. The 12,500 cbm LNG bunkering vessel is designed to meet

about 2 years ago
MSC Mariella
Regulations & Policy

Maersk, MSC and other liner majors suspend Red Sea runs amid escalating attacks

Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community

about 2 years ago