Corporate News

The UK National Clean Maritime Research Hub (UK-MaRes Hub) aims to accelerate the decarbonisation and elimination of air pollution from maritime activity in ports and at sea. As well as environmental impacts, the Hub will also focus on the potential economic and social benefits of transitioning to a clean maritime future. The UK-MaRes Hub was announced by the UK Government’s Maritime Minister, Baroness Vere of Norbiton, during London International Shipping Week. She was joined by the Dire...

Siemens Smart Infrastructure has released key insights into the divisive nature of the infrastructure transition in a new report, titled “Siemens Infrastructure Transition Monitor 2023: The Great Divide on The Path to Net Zero.” Data from the report reveals that there is limited alignment on priorities and how best to progress towards a decarbonised and resource-efficient world. Whilst more than half of people surveyed believe the infrastructure transition is accelerating in their r...

A Disney cruise ship docked at Greenock Ocean Terminal earlier, bringing its 4,000 passengers to the local area.  The Disney Dream, which has 18 decks and is almost 1,115 ft in length is one of dozens to visit the cruise port in a record year. The family-friendly cruise ship offers many activities onboard, including a nine-hole mini-golf course, a full-sized basketball court, several pools and hot tubs, and two theatres. The Disney Dream ship The ship also boasts the first water coaster...

Global maritime and logistics pioneer Crowley and SEACOR Holdings (SEACOR), through its subsidiary Seabulk Tankers, Inc. (Seabulk), announces an agreement to form a joint venture that will integrate their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC (Fairwater). Fairwater will leverage and scale both entities’ unique operational and safety-focused capabilities to serve the...

Babcock is strengthening its digital defence capabilities through an Enterprise Agreement (EA) with Palantir Technologies UK, announced at DSEI 2023 event. The partnership with Palantir Technologies will provide Babcock with a data platform aimed at transforming, capturing, integrating, modelling and building data-driven solutions. Unlocking the power of data Unlocking the power of data in this way will enable them to make better informed data-driven decisions Unlocking the power of data in...

Tokyo-based classification society, ClassNK has conducted third-party certification for the CO2 emissions reductions of ‘JGreeX’, green-steel products provided by JFE Steel Corporation. ‘JGreeX’, green-steel products For each JGreeX product, JFE Steel uses the mass balance approach to determine the level of CO2 emissions reductions. Under this approach, the environmental values of CO2 emissions reductions across entire manufacturing processes are aggregated to any produ...

A Disney cruise ship docked at Greenock Ocean Terminal earlier, bringing its 4,000 passengers to the local area. The Disney Dream, which has 18 decks and is almost 1,115ft in length is one of dozens to visit the cruise port in a record year. The family-friendly cruise ship offers many activities onboard including a nine-hole mini-golf course, a full-sized basketball court, several pools and hot tubs, and two theatres. The AquaDuck The ship also boasts the first water coaster at sea, calle...

A new study published suggests that Freeport East could become a new UK centre for transport decarbonisation. The study outlines how Freeport East can facilitate the international partnerships and investment necessary for the Green Hydrogen Hub to support maritime and wider transport sectors. Freeport East includes the Port of Felixstowe, the UK’s biggest container port and the main destination for container traffic to and from Europe and the Far East – these routes are central to m...

London-headquartered global energy supplier for small-scale LNG and gas carrier owner Avenir LNG Limited (Avenir) has awarded the management of three LNG bunker vessels to Wilhelmsen Ship Management (Wilhelmsen). The vessels awarded are Avenir Achievement, Avenir Ascension, and Avenir Aspiration. State-of-the-art LNG bunker tankers “We are thrilled to embark on this journey with our new client, Avenir and we look forward to managing these state-of-the-art LNG bunker tankers, which hol...

The Nigerian Maritime Administration and Safety Agency, NIMASA has taken over areas leased to it by the Nigerian Ports Authority (NPA) at the Continental Shipyard for the operations of the Modular Floating Dock. The areas include but not limited to the dolphin jetty, waterfront of the jetty adjourning the slipway, an administrative block, a construction, welding and mechanical workshop and a civil maintenance workshop, among others. Civil maintenance workshop During the handover ceremony, the...

The Honourable Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola, has stated that tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his administration as Minister of the newly created Ministry of Marine and Blue economy. He stated this during a working visit to NIMASA headquarters in Lagos, where he met with the Top Management staff of the Agency. The Minister said the time has come for Ni...

Thomas Nordberg, the Managing Director of The Swedish Club has announced the opening of new, expanded London offices. He was speaking at the London International Shipping Week 2023 (LISW23), where the Club hosted an evening reception for members, brokers and business partners. “As the shipping world focuses on London, the timing of this move could not be bettered,” said Mr. Nordberg, adding “A key focus for 2023 has been the strengthening of our regional offerings, and I am pl...

Babcock and Saab signed a strategic cooperation agreement at DSEI 2023 on Tuesday, 12 September 2023. The purpose of the Agreement is seeking to enable the delivery of enhanced capabilities to customers by leveraging the companies’ collective unique strengths through offering a broader range of products, services and integrated solutions. Babcock and Saab sign strategic cooperation agreement Under the Agreement, the companies will explore the development of the design of a new advanced...

One of the cardinal principles of the Cabotage regime is the localisation of manning vessels operating in Nigerian waters. To a considerable extent, NIMASA has ensured the placement of Nigerian seafarers on board Cabotage vessels, in line with its placement function and the provisions of the Cabotage Act, 2003. Improving on this, Cabotage manning applications are now processed on the condition that all foreign crew especially Ratings on board vessels are to be replaced with Nigerian seafarers/c...

“There is a significant amount of work to be done between now and 2050 if we hope to hit net zero on carbon emissions. But our research shows it can be done and maps out a pathway for the industry to get there. It connects the macro industry calculus for net zero by 2050 with the micro calculus reality of what is required at the ship level,” said Christopher J. Wiernicki. Keynote address That was the message for the industry from ABS Chairman and Chief Executive Officer Christopher...

ABS joined a pioneering joint industry project (JIP) to collaborate on the development of a detailed design of a 40K cbm liquified carbon dioxide (LCO2) carrier that meets Class and statutory requirements with Ecolog Services Ltd. (ECOLOG), Hanwha Ocean Co., Ltd. and Babcock International Liquid Gas Equipment (LGE). The ultimate design will maximise energy integration and minimise greenhouse gas (GHG) emissions while being cargo versatile and capable of offshore offloading, as in the direct inj...

Carbon capture, energy efficiency, and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-pioneering research from ABS into shipping’s progress on the green energy transition. Accelerating investment Released at the ABS Sustainability Summit during London International Shipping Week, the report examines in depth the carbon, ammonia, and hydrogen value chains....

In July 2023, at MEPC 80, the IMO adopted the '2023 Strategy on the Reduction of GHG Emissions from Ships'. This strategy targets the adoption of near-zero GHG fuels by 2030. A pivotal factor in this transition is choosing the right coating for fuel tanks — it ensures longevity and maintains the tank's optimal condition. Shipping companies invest a significant amount of consideration into the choice of coating systems for their vessel's fuel tank interiors. A failure in this coating can h...

DNV’s independent cloud platform, Veracity expands its integrated partner network and grows its reach to 35,000 vessels, helping shipping companies and charterers meet their emissions data verification and reporting needs. With major regulatory shifts on the horizon and 2024 inching closer for the sector’s inclusion into the EU Emissions Trading System (ETS), decarbonisation and carbon control have become central focus points for shipowners and operators of late. Automated, and rea...

Efforts to achieve zero emissions are a challenge that requires each company to change its business model and revenue structure, suggests Masato Otaki, Executive Officer & Head of Low Carbon Fuel Planning for Japanese power company JERA Co. Inc., adding that courageous 'first movers' need support in order to take risks. Speaking in a video presentation for the LISW23 London Talks series Mr. Otaki says that for decarbonisation efforts to progress “it will be imperative to work across n...

ABS is launching a global ABS Electrification Centre to support maritime decarbonisation projects. Comprised of ABS engineers and technical specialists, the centre will support a range of cutting-edge electrification projects for shipowners, shipyards and other stakeholders across the Asia Pacific region and around the world. The centre will also provide support for the electrification of harbour and coastal craft aligned to the initiatives from the Maritime and Port Authority of Singapore...

Orbital Marine Power Ltd, the renewable energy company focused on the deployment of its pioneering floating tidal turbine, has been awarded 2 Contracts for Difference (CfDs) for 7.2MW in the UK Allocation Round 5 (AR5) process. This builds on Orbital’s success in the previous year’s Allocation Round 4, where it secured contracts for 7.2MW of capacity.  7.2MW predictable clean energy The CfDs will allow Orbital to expand its development of projects in Orkney with the constru...

A new report from law firm HFW shows that London handled over 85% of the world’s maritime arbitration across 2022, with its closest competitor – Singapore – handling the equivalent of some 5% of the UK jurisdiction’s caseload. The report – The Maritime Arbitration Universe in Numbers – analyses the latest figures from maritime arbitration associations and institutions, including those not yet publicly available. London handled approximately 1,907 new cases in...

ABS has issued an approval in principle (AIP) to Hanwha Ocean for its design of a liquefied natural gas (LNG) carrier equipped with an ammonia-fuelled gas turbine. ABS also issued an AIP to Hanwha Power Systems for its supercritical carbon dioxide (sCO2) power system. Efficiency improvements are reported as a result of using sCO2 as a working fluid in the turbine. Selective catalytic reduction The LNG carrier can use ammonia and natural gas separately or simultaneously as fuel The 174,000 cb...

Faced with tough competition for greener fuels from other sectors, new 2030 maritime emission targets hang in the balance. According to the latest edition of DNV‘s Maritime Forecast to 2050, the shipping industry will find it challenging to secure enough supply of carbon-neutral fuels. The report emphasises the need to consider all alternative approaches to reducing emissions and to take action now to secure future success. Carbon emission reductions Maritime sector needs to access a st...

Bespoke solutions provider RMI has given its support to a charter aimed at improving and supporting the mental health of North Sea workers, becoming the latest signatory in industry-wide efforts led by the North Sea Chapter of the International Association of Drilling Contractors (IADC). With over 20 years of health and safety provision to the offshore industry, RMI is well positioned to utilise and build upon its existing mental health provision to further promote and encourage open conversati...

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 liquefied carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 deliveries in an offshore setting, the flexibility to manage LCO2 at low or medium pressure, the provision of LCO2 buffer storag...

Crowley has been honoured for its contributions to diversity and inclusion in the workplace with the Corporate Diversity Award by the U.S. Chapter of WISTA, the Women’s International Shipping and Trading Association. Recognised for its efforts to enhance its corporate culture and empower its people through diversity and inclusion programs, Crowley supports its more than 7,000 employees through resources such as employee-led business resource groups, professional development programs, safe...

ZIM Integrated Shipping Services Ltd. (ZIM), a global container liner shipping company, has announced that a new operational cooperation agreement with MSC, the industry’s largest carrier, encompassing several trades. This agreement is designed to significantly enhance operational efficiencies and further elevate service levels for ZIM’s valued customers. The cooperation scope includes services connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean wi...

Tokyo-based classification society - ClassNK has issued an Approval in Principle (AiP) for an onboard CO2 capture and storage (OCCS) system, developed by China Shipbuilding Power Engineering Institute Co., Ltd. (CSPI), a member of CSSC Power (Group) Co. Ltd. (CPGC). In addition to fuel transition, interest in capturing CO2 from ships' exhaust gas is growing as a way to reduce GHG emissions, and the development of onboard systems for capturing and storing CO2 is being undertaken. ‘Guideli...