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Safe Bulkers
Vessels

INTERCARGO warns against regulating shipping in isolation

As the International Maritime Organization (IMO) gears up for its MEPC80 session in July, where it is expected to revise its greenhouse gas (GHG) strategy and strengthen decarbonization targets, industry experts are highlighting the dangers of regulating shipping in isolation. The global nature of t

about 3 years ago
Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone
Vessels

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

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A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago
Containership fire
Vessels

Allianz: Shipping reports lowest losses, but decarbonization poses an uphill battle

The shipping industry reported the lowest number of large ships lost in a year, according to Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2023. In 2022, there were 38 total losses of vessels worldwide, a significant decrease of more than a third compared to the previous year. T

about 3 years ago
FSO Safer; Source: Boskalis
Vessels

Boskalis on the cusp of starting inspection work to ward off oil spill threat from decaying tanker

Boskalis is getting ready to start a thorough inspection of a rapidly decaying FSO vessel moored off the Red Sea coast of Yemen.

about 3 years ago
Thenamaris delivers blue-ammonia cargo to China
Vessels

Thenamaris delivers blue-ammonia cargo to China

Athens-based ship manager Thenamaris LNG has delivered the first certified blue ammonia cargo to China. The delivery comes on the back of the first certified blue ammonia cargo to Korea in December 2022, showcasing the growing importance of ammonia as part of the global decarbonization efforts. The

about 3 years ago
EEC
Vessels

EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant E

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Vessels

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago
Illustration; Source: Aquaterra Energy
Vessels

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago
Illustration; Source: Trafigura
Vessels

Trafigura points to Global South’s potential in decarbonising shipping with Hydrogen-based fuels

Swiss commodity trading house Trafigura has released new research emphasizing the pivotal role that hydrogen-based fuels will play in decarbonising the shipping sector. The study highlights the significant potential for countries in the ‘Global South’ to produce green ammonia and green methanol, mee

about 3 years ago
NGO
Vessels

BIMCO: 15,000 vessels set to be recycled by 2032

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

about 3 years ago
MSC Zoe
Vessels

WSC reports the lowest container losses on record

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

about 3 years ago
Women in maritime
Vessels

Happy Women in Maritime Day: Time to navigate the unresolved challenges

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

about 3 years ago
shipping/Marine insurers
Vessels

AAA Chair: AI and automated ships pose new challenges in casualty liability

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

about 3 years ago
Illustration; Source: U.S. Navy
Vessels

U.S. takes steps to boost naval presence, as Iran gets its hands on another oil tanker

To put a stop to Iran’s recent vessel seizures, the U.S. is going to bolster naval patrols in and around the Strait of Hormuz.

about 3 years ago