Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th
The number of containers lost overboard in 2022 is 661, the World Shipping Council (WSC) said in its annual report on containers lost at sea, revealing positive developments in container safety within the international liner shipping industry. As explained, this represents the lowest losses in % sin
Single-fuel methanol engines may hold the key to a greener future for tugs, marine propulsion systems manufacturer Rolls-Royce Power Solutions (RRPS) and Maersk’s towage operator Svitzer said in a joint paper. The main driver behind the development of dual-fuel engines is fuel flexibility, allowing
Chinese shipbuilder Hudong-Zhonghua Shipbuilding Group, in collaboration with China Shipbuilding Trading Co., Ltd. (CSTC), hosted a naming and delivery ceremony for the 24,000 TEU container vessel, MSC Gemma. The colossal containership was officially handed over to ICBC Financial Leasing Co., Ltd.,
Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for
The retrofitting cost of an existing ship fitted with a two-stroke engine to a dual-fuel engine should not exceed 25 percent of the ship’s newbuilding cost, according to an assessment from DNV and MAN Energy Solutions. The duo carried out an analysis of how retrofitting the existing maritime fleet t
Ammonia power solutions company Amogy Inc., shipping company Skansi Offshore and system developer and integrator SEAM have signed a Memorandum of Understanding (MoU) to investigate potential technology collaboration in the field of ammonia application, with the common goal of decarbonising the offsh
Athens-based dry bulk shipping firm Star Bulk Carriers revealed that its vessel Star Pavlina was declared a constructive total loss due to its prolonged detainment in Ukraine. The detainment occurred in the wake of Russia’s military action against Ukraine on February 24, 2022, resulting in the vesse
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has announced the development of innovative LNG carriers and containerships during the “Samsung Technical Seminar in Athens” (Samsung Technology Road Show) in Athens, Greece. The company unveiled its “3 Cargo Tank LNGC” and “Eco Container Ship
The world’s largest container shipping company Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (Mou) with Lloyd’s Register (LR), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) for a design for the ammonia dual-fuel operation
The International Maritime Organization (IMO) International Day for Women in Maritime is celebrated annually on the 18th of May and aims to honour women in the industry and encourage recruitment, retention and continued employment in the sector. This is the second International Day for Women in Mari
In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M
HaiSea Wamis, the world’s first fully electric harbour tugboat, has left Sanmar Shipyards, Turkey, and is now on its way to Seaspan in Vancouver, Canada. Shipping company Seaspan announced the news on its social media, informing that the tugboat left Sanmar late last week. Seaspan noted that the Hai
Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involvi
