Regulations - News

Peninsula, the global pioneer in marine energy solutions, is pleased to announce the successful biofuel bunkering of the containership - Yantian Express by its IMO II chemical tanker, Aalborg. The supply operation was carried out for Hapag-Lloyd in the Port of Barcelona. The 88,500 GT vessel received 2,200mt of B30 VLSFO. The sustainable biofuel used for this blend was ISCC EU-certified biodiesel derived from Used Cooking Oil (UCOME). Lower-carbon marine fuels The addition of the Aalborg to t...

Armacell, a global pioneer in flexible foam for the equipment insulation market and a provider of engineered foams, will present its comprehensive range of thermal and acoustic insulation solutions for the first time at the SMM (Shipbuilding, Machinery, and Marine Technology) trade show. The event, known as the world's major trade fair for the maritime industry, will be held on 3-6 Sept. 2024 in Hamburg, Germany. Armacell will showcase its innovative insulation and firestop solutions in Hall B5...

Eco Wave Power Global AB, a publicly traded onshore wave energy company, is pleased to announce that following its official request, submitted to the Swedish Financial Supervisory Authority (the SFSA) on the 21st of December, 2023, for authorisation for the repurchase of American Depositary Shares (the ADS) representing up to 10 percent of the total number of shares in the Company, the SFSA responded that in its opinion, the ADS are not considered equivalent to shares by Chapter 19 of the Swed...

In time for the SMM, the steute business division Controltec presents an extended range of switchgear products with DNV approvals. These switching devices have been developed for applications often involving exposure to damp and wet (including saltwater). Their key features also include a wide temperature range (down to −60°C, depending on the series). The DNV approval certifies that they are mechanically robust and able to withstand shocks, impacts and vibrations up to 4 g – a c...

Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to establish Korea’s alternative marine fuel supply chain centred on Ulsan Port. The investment is a follow-up to the 'Plan to Establish an Alternative Marine Fuel Supply Chain' announced at the government's emergency economic ministerial meeting in November 2023, with UPA taking the lead to strengthen the competitiveness of K...

Transportation of LNG entails complex decision-making processes that must be managed effectively to ensure operational efficiency and environmental compliance. And LNG operators can take a lead in sustainable shipping by leveraging advanced data-driven technologies to enhance performance in this fast-expanding sector, says OrbitMI. Green shift The LNG business is at the forefront of the green shift in shipping as liquefied natural gas (LNG) is seen as an important transition fuel, given signi...

Brunvoll has signed a contract with Tersan Shipyard for the delivery of propulsion and manoeuvring systems for two stainless steel chemical product tankers. Tune Chemical Tankers (TCT), which also is a part of Tersan Group will be the owner of the vessels. The contract also includes an option for two additional vessels. Brunvoll’s delivery for the vessels consists of a complete shaft line solution with a reduction gearbox and a controllable pitch propeller, a tunnel thruster, and Brunvoll...

The overarching purpose of The Fuel EU Maritime Regulation (FEMREG) is to accelerate the use of renewable and low-carbon fuels in shipping. It forms part of the EU’s Fit for 55 Package, aimed at reducing the greenhouse gas (“GHG”) intensity of energy used by ships above 5,000 GT by at least 55% by 2030 (compared to 1990 levels). FEMREG is intended to complement the EU Emissions Trading Scheme for maritime which came into force on 1 January 2024. Fuel EU Maritime monitoring pl...

On Wednesday, 7th August, 2024, Cattewater Harbour Commissioners (CHC) will celebrate 150 years since their constitution under The Pier and Harbour Orders Confirmation Act, of 1874. Safety, efficiency, and sustainability Since then, CHC has been dedicated to ensuring the safety, efficiency, and sustainability of Cattewater Harbour while supporting the economic growth of Plymouth and the wider South West region.  Through strategic planning, investment, and collaboration, the Commi...

In September 2023, NSSLGlobal, a global independent satcom and IT solutions provider, was awarded a contract with the UK Ministry of Defence (UK MOD) to provide comprehensive support for Maritime Multi-Media (MMM) services across the Royal Navy fleet. This strategic partnership aims to enhance the welfare services available to Royal Navy personnel by providing a wide range of entertainment on board vessels. Such welfare services are increasingly important in recruiting and retaining sailors. De...

Norwegian Cruise Line® (NCL), the innovator in global cruise travel, is proud to announce the expansion of its Military Appreciation Programme offering programme eligibility to active Canadian service members, veterans, and their dependents from the Canadian Army, Royal Canadian Navy, Royal Canadian Air Force, and Canadian Coast Guard. Eligible members of the Canadian armed forces will receive special onboard experiences, amenities, and a 10 percent cruise fare discount across all sailings...

KR is proud to announce the successful delivery of the groundbreaking low-carbon sailing cargo ship SV Juren Ae (IMO no. 1021245) to the Marshall Islands Shipping Corporation (MISC) on 31 July. Built under the KR class in South Korea, this innovative vessel marks a significant milestone in sustainable maritime transport. Funded by the International Climate Initiative (IKI), the SV Juren Ae, a 48-metre-long, 300 dwt supply vessel, is the result of a collaborative effort led by the Germ...

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,...

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...

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 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...

OceanScore has opened a new office in Singapore that will enable it to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with the EU ETS and FuelEU Maritime. “Our list of global clients is growing steadily in line with the industry’s pressing need to navigate the complexities of these new regulations,” says OceanScore’s Managing Director Albrecht Grell. The new locale "Establis...

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...

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...

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...