Efficiency - News

Genesis North America (GNA), as a major subcontractor of Offshore Oil Engineering Co., Ltd. (COOEC), has engaged ABS to support the RUYA Project, a production capacity improvement plan for the Al Shaheen field in Qatar operated by North Oil Company (NOC). An ABS advanced analysis team will lead a safety engineering program providing risk mitigation and asset integrity support. ABS will also perform a number of critical studies including dropped object analysis for subsea pipelines and cables....

Wallem Group, a global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations. Green, low-carbon shipping Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem Group, signed the agreement on behalf of both parties. John Rowley, CEO, of Wallem Group, said, “We are honoured to partner with COSCO Sh...

Cell Design Bahamas Ltd, one of the renowned ICT services company in The Bahamas, added satellite services to its portfolio by signing a significant distributorship agreement with MetOcean Telematics (MetOcean). Met-Ocean is a prominent global Iridium Satellite Value-Added Reseller (VAR) focused on Iridium hardware solutions, data services, and support. MetOcean is a pioneer in the satellite communications industry. This partnership opens the doors for them to pioneering satellite services bein...

Eco Wave Power Global AB, a publicly-traded onshore wave energy technology company, is pleased to announce that Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, and Eco Wave Power’s engineering team, have arrived for a meeting and an official site visit with APDL (Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A), and other relevant stakeholders for the official kickoff of the Company’s first MW-scale wave energy project,...

Inchcape Shipping Services, a provider of comprehensive port agency and maritime services, proudly announces the opening of its new office in Manila, marking a significant expansion of its service capability in the dynamic Asia-Pacific region. The new office will serve key Philippine ports, strengthening Inchcape’s global footprint and commitment to unparalleled service. Manila office The newly established Manila office is strategically located to manage operations across several major...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the 'Wind Challenger', a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). As a solution for responding to environmental regulations and fuel cost reduction, the implementation of wind-assisted propulsion systems is in pro...

Danmil A/S (Danmil), a Danish process filtration company has become part of Atlas Copco Group. The company designs, manufactures and distributes high-end process filtration solutions for the pharma as well as the food and beverage sector. “With this acquisition, we are expanding our liquid and gas filter product range,” said Philippe Ernens, Business Area President for Compressor Technique.  Enhancing expertise “This will also further enhance our expertise in this a...

AVT Services Pty Limited, “AVT Services”, a company providing vacuum pump and system sales and service to customers in Australia, has become part of Atlas Copco Group.  AVT Services is a privately owned company headquartered in Sydney, Australia with additional sites in Melbourne, Perth, and Brisbane. The company has 15 employees. Market presence “AVT Services has been successfully serving the vacuum market in Australia since it was founded in 1995 an...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the "Wind Challenger," a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). Wind-assisted propulsion systems As a solution for responding to environmental regulations and fuel cost reduction, the implementation of win...

The Panama Canal announced through an Advisory to Shipping, the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System, to increase transit certainty and flexibility for our clients. Currently, the slot offering in the Transit Booking System is done daily with an anticipation period before the required transit date. Transit booking slots Through this method, several transit booking slot packages corresponding to January of th...

The UK Chamber of Shipping’s new conference Shipping UK, and London International Shipping Week. (LISW) have announced a partnership as Supporting Organisations for the coming future. Both parties have agreed to support each other with marketing and PR support to help establish Shipping UK and help grow LISW domestically as well as internationally. Shipping UK Llewellyn Bankes-Hughes, CEO and co-founder of LISW said, “The UK Chamber of Shipping originated almost 150 years ago an...

The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiraling short-term rates begin to soften. The Xeneta Global XSI®, which covers all valid long-term contracts in the market, edged up 2.5% in July to stand at 151.5 points. XSI® sub-index More notably, the underlying XSI® sub-index for Far East Exports which includes the world’s biggest fronthaul trades to Europe and the US increa...

Global provider of LNG shipping services, Gaslog, has chosen Norway-based maritime technology business, Shipnet to automate its dry-docking process. Asset Integrity Roadmap Delivering natural gas to help global efforts toward a lower carbon future, Gaslog has an ambitious Asset Integrity Roadmap for shifting to operational excellence and enhanced competitiveness with the use of reliability-based engineering principles. To this end, all Dry Dockings are managed holistically and on a lifecycle...

ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom, which is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and TB Global Technologies Ltd. This is the world’s first AiP certification for the design of a bunkering boom for ammonia fuel. Ammonia fuel utilisation As ammonia fuel utilisation is expected in shipping for decarbonisation, bunkering vessels that supply fuel to ships and related equipment will play an essenti...

NSSLGlobal, an independent full-service project engineering, Satcom, and systems integrator, is celebrating its 55th anniversary, marking more than half a century of developing innovative technology solutions for the government and maritime mobility markets. Satellite solutions Established in 1969, NSSLGlobal has a proud heritage of providing best-in-class satellite solutions. NSSLGlobal’s ongoing commitment to innovation and helping customers solve their communication challenges wherev...

ClassNK has released a new feature related to FuelEU Maritime for its GHG Emissions Management Tool, ‘ClassNK ZETA (Zero Emission Transition Accelerator)’. Additionally, it has vastly improved usability and enhanced ease of use. ClassNK ZETA tool ClassNK ZETA is a tool for visualising GHG emissions / CII ratings of ships and supporting the management of EU-ETS and is used for over 5,500 ships. Users can use the following features in the newly released FuelEU Maritime feature, whi...

Following positive response and encouraging conversations with IMO member nations and other stakeholders, the World Shipping Council (WSC) has further developed the Green Balance Mechanism, a regulatory measure designed to ensure that shipping meets its net-zero goal by 2050 in an efficient, just and equitable way. A detailed proposal, including design updates and regulatory text for the Green Balance Mechanism, has been submitted to support the timely development of effective climate regulatio...

ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom, which is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and TB Global Technologies Ltd. This is the world’s first AiP certification for the design of a bunkering boom for ammonia fuel. As ammonia fuel utilisation is expected in shipping for decarbonisation, bunkering vessels that supply fuel to ships and related equipment will play an essential role in the supply chain...

Watson Farley & Williams (WFW) advised GEFO Shipping Group (GEFO) on its order of two additional climate-friendly chemical tankers from the Chinese shipyard Nantong Xiangyu (Xiangyu). Delivery is scheduled for late 2026 or early 2027 with options for two further vessels also agreed. Fuel-saving design The current order complements a previous one for ten stainless steel tankers with a fuel-saving design placed in January 2024 on which WFW also advised GEFO. Both transactions are part of a...

Technology group - Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow) Ltd, one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG Carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels. The new order was booked by Wärtsilä in Q1 2024. The global demand for LNG is rising, and is expected to continue to rise over the coming years, which is driving a need fo...

SD Government, SD company and 2020 Independent Teleport Operator of the Year, now supports more satellite constellation providers, and their customers, than any other global provider following completion of a high throughput terrestrial upgrade. The enhancement of the Tier 4 certified teleports located in Santa Paula, CA., and Southbury, CT. strengthens the already extensive redundancy of the infrastructure and expands the transmission pathway capacity for companies launching satellites into LE...

The Naval Support Integrated Global Network (NSIGN) Programme has been established to deliver the future of in-service support to Royal Navy warships and submarines, along with maintenance and operation of the three Naval Bases. NSIGN will be a framework of contracts that will support all legacy, new-to-service and future platform types including modular solutions.  NSIGN is now in the concept phase and within this, the Ships Engineering Project has stood up ready to continue with market e...

Watson Farley & Williams ('WFW') is strengthening its Middle East ship finance practice with the relocation of Assets & Structured Finance Partner, Emily Widdrington from London to Dubai as of 1 August 2024. Emily has over 12 years of experience advising and acting for banks and ship owners on loan and security documentation. Her experience ranges from advising on high-value ECA-backed financings to loan agreements involving sustainability-linked margin adjustments. New LNG-powered cru...

ABS awarded approval in principle (AIP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern design for an ultra-large ethane carrier (ULEC). The ULEC design is first equipped with the next-generation BrilliancE® II Type-B cargo containment system, a modern cryogenic liquefied gas containment system designed to optimise ship performance. The second AIP was awarded for Jiangnan’s patented insulation system, PnFCOMBi, which can be used for type B tan...

ClassNK has carried out third-party verification for self-aggregated social data of Mitsui O.S.K. Lines, Ltd. and its group companies, and issued an assurance statement. In an era where proactive corporate actions are required to realise a sustainable society, disclosure of non-financial information, such as environmental data and social data is increasing in importance as a corporate ESG performance indicator. Disclosure of ESG information ClassNK is providing support towards the realisatio...

Maritime UK’s Chair Robin Mortimer and Chief Executive Chris Shirling-Rooke met with the new Maritime Minister, Mike Kane MP and the Department for Transport team at Great Minster House in Westminster. Following the Minister’s recent appointment, the meeting provided an excellent opportunity for Maritime UK to discuss key priorities for the industry and raise the importance of focusing on growth and prosperity throughout the sector and in their coastal communities. Thriving marit...

The state-of-the-art 'Olympic Boreas' CSOV has been delivered to Olympic by Ulstein Verft on 25.07.2024. The vessel is the first of two sister vessels, based on the ULSTEIN SX222 design by Ulstein Design & Solutions AS. 'Olympic Boreas' CSOV Olympic Boreas has been designed with the TWIN X-STERN solution and comes with a unique hybrid power integration. Further, she has a large gangway system installed, high-capacity, delicately furnished accommodation, including offices, lounges, day roo...

The International BoatBuilders’ Exhibition and Conference (IBEX), North America’s premier technical trade event for the recreational marine industry, announced its expanded pavilions and trade routes focusing on start-ups, industry education, as well as cutting-edge technologies and processes. Registration is open for 2024's show, set to take place at the Tampa Convention Center, from October 1 - 3, 2024. Start-Up pavilion In partnership with Yachting Ventures, IBEX will introduce...

Indian Register of Shipping (IRS) is pleased to announce leadership appointments to further strengthen its management team. At a recent meeting, the Board of Directors approved the appointment of Mr. P.K. Mishra as Managing Director and Mr. T.K. Sahu as Joint Managing Director, effective August 1, 2024. Mr. P.K. Mishra Mr. P.K. Mishra has been with the organisation for 26 years and previously served as Joint Managing Director. He brings with him a wealth of experience and a dee...

ABS and the Maritime and Port Authority of Singapore (MPA) are working together to develop a model-based additive manufacturing (AM) qualification framework for the maritime industry to reduce lead time and cost for AM part approvals. Model-based approach Traditional manufacturing processes rely on physical tests for verification and validation of their mechanical performance, including test coupons, specimens, and prototype components. Additive manufacturing, while also currently dependent...