Regulations - News

Syroco has developed and sells a software platform based on artificial intelligence, dedicated to weather routing (optimisation of routes by taking into account weather and sea conditions) and optimisation of vessel settings. It reduces the fuel consumption of merchant ships by more than 10% on average and up to 25% in certain situatiC’est ons.  Series A round The ROI for customers is attained in a few months. The impact of the solution is very high in terms of CO2 emissions avoide...

The EU’s Emission Trading System, EU ETS, is a policy instrument for reducing greenhouse gas emissions. The system is based on the fact that companies that emit greenhouse gases must hold emission rights to cover their emissions. Emission rights are a limited resource that is sold on a market. Companies covered by the EU ETS must report their emissions to the authorities. Emission rights are an important part of the EU’s climate policy and the system has contributed to reducing gree...

  The government minister informed the Cabinet that the decision has been taken to prioritise the modalities of hydrogen and CO2  for the scope of the Delta Rhine Corridor (DRC). The Port of Rotterdam Authority is pleased with the government minister’s decision, given the importance of constructing the pipelines for hydrogen and CO2 as soon as possible. The decision is of great importance for the industry to achieve its goals of becoming sustainable. Investments...

Watson Farley & Williams (WFW) advised Globus Maritime Limited on their US$ 28 million sale and leaseback of newbuild bulk carrier m.v GLBS MIGHT with a Japanese leasing house. This is Globus' first sale and leaseback transaction, with the US$ 28 million being made available under a ten-year capital sale & leaseback arrangement. Athens-based Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide with a current fleet of eight dry bulk ves...

The WG20 S is the perfect combination of the efficiency of helical gears and the cost-effectiveness of worm drive gearboxes. It is compact and features a modern and functional design, saving space and producing low noise levels. A complete solution that carries WEG’s reliability and quality, already recognised in the WG20 gearmotor line. Available in five sizes and reaching torque from 125 to 1,600 Nm, it has standard dimensions for total interchangeability. In addition, it offers versa...

Teknotherm to deliver the HVAC system to the new Ocean Energy Support Vessel (OESV) to Gondan Shipbuilders. For this new state-of-the-art vessel for Østensjø Rederi, Teknotherm Marine will deliver the most advanced HVAC system they have ever delivered. Cabin Management System In addition to a full Thermal Energy Management system (TEMS), including heat pump function and absorption chiller, Teknotherm will also deliver a full Cabin Management System. The Cabin Management System...

According to a new DNV white paper outlining FuelEU Maritime requirements and compliance strategies for shipowners, compliance with the upcoming regulations will be expensive but applying certain strategies can significantly reduce the cost. FuelEU Maritime regulation Effective from 1 January 2025, the rules mandate stringent greenhouse gas (GHG) emission intensity requirements for ships over 5,000 gross tonnage (GT) transporting cargo or passengers for commercial purposes in the EU/ EEA. GHG...

Propspeed, a globally renowned innovator of underwater foul-release coatings, announced it has appointed Nautilus Yacht Equipment as its single-entry point for all Propspeed existing and future partners in Greece and Cyprus, effective January 1st, 2025. Focusing on yachting and light-commercial customers, Nautilus will act as importer, local warehouse, and a training and service centre for Propspeed in this growing market.  Nautilus's commitment Nautilus has been a trusted Propspeed part...

Watson Farley & Williams (“WFW”) advised Industrial Bank Financial Leasing Co., Ltd. (“CIBFL”) on a leasing transaction for two liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Delivery of the vessels Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs”) with the lessees...

Saggas and Valenciaport have signed a memorandum of understanding to collaborate in the identification of innovation and development projects linked to renewable gases and CO2. The agreement was signed by Rosa María Prieto, President of Saggas, and Mar Chao, President of the Port Authority of València (PAV). Through this memorandum, Saggas and the PAV undertake to work together to identify innovation projects to accelerate the development of storage, generation and logistics solut...

New Corsican 130 MW power plant to feature 8 × MAN 18V51/60 engines optimised to run on 100% liquid biomass fuel of plant origin. A consortium comprising MAN Energy Solutions and EPC (Engineering Procurement and Construction) specialist, Bonatti, has signed a contract with EDF PEI – a 100% subsidiary of EDF (Électricité de France SA) that builds and operates power-generation facilities in the French overseas departments and regions, and Corsica. The contract covers the...

Lloyd’s List Intelligence (LLI), a global provider of maritime data, insights, and analytics, and Siglar Carbon, a pioneer in maritime emissions performance analytics, announced a strategic partnership to drive greater awareness of vessel emissions performance across the maritime industry aligned to EU ETS and Fuel EU market frameworks. This collaboration will combine LLI’s deep understanding of the maritime market and its comprehensive Risk & Compliance, Insurance and Legal sol...

A £150m upgrade to an Ayrshire marine yard has been given a boost as it is awarded planning permission, paving the way for increased offshore wind power off the UK’s west coast. Peel Ports Clydeport has secured permission for the complete redevelopment of the Hunterston marine yard as it prepares the site for major renewables infrastructure. Upgrades to the marine yard The overall redevelopment of Hunterston is expected to attract £3.5bn in inward investment and create over...

NAVTOR believes it has “simplified the complexity” of FuelEU Maritime with a major update to its NavFleet ship operations platform. Released now, NavFleet 2.1 boasts the ability to automate extensive “well-to-wake” calculations, delivering a front-end user experience that is both easy to understand, and rich in regulatory and business insights. The solution, featuring enhanced visual upgrades and fully integrated digital logbooks, provides seamless data validation a...

OceanScore has identified persisting EU ETS pain points for shipping, such as system readiness, data anomalies, transparency and contractual responsibility, after assessing lessons learned from the first year of the regulation, with the clock ticking towards the initial settlement of emissions liabilities in 2025. “Fortunately, the EU Emissions Trading System (EU ETS) is now well understood by most players in the industry after a year of implementation, despite adding yet another layer of...

Wärtsilä Water & Waste has strengthened its strategic partnership with Fornovo Gas SpA, becoming Fornovo’s authorised Service Partner for the United Kingdom and Ireland. This enhanced collaboration empowers Wärtsilä to provide comprehensive support services, including genuine spare parts supply, commissioning, and specialised maintenance for Fornovo Gas compressors throughout the region. Encompasses compressor systems As the UK and Ireland service partner for For...

Swiss marine power company WinGD has won an order for 16 X-DF dual-fuel engines after a late-stage switch by a major ship owner. The company was influenced by WinGD’s extensive track record for reliable operations, continuous improvements to the market-pioneering X-DF concept and successful operational experience since the first series of X-DF2.0 engines were delivered earlier this year.  New building planning phase The order was received relatively late in the new building plannin...

Watson Farley & Williams (“WFW”) advised Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Leasing”) on a leasing transaction for three liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Korean and Chinese shipyards Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs&rd...

The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping (‘the Roadmap’), a comprehensive document outlining a decarbonisation strategy for the region. The report urges Nordic ministers to take immediate action to support the industry in achieving its goals by closing the cost gap associated with the fuel transition. Its findings and recommendations were officially presented to Nordic ministers at a High-Level Conference on Green Shipping in the Nordic...

HullWiper’s sustainable hull cleaning solution is coming to Singapore. The company has signed a lease agreement with Unidive Subsea to bring its eco-friendly Remotely Operated Vehicle (ROV) hull cleaning technology to PSA terminals, Seatrium Yards and Singapore’s inner anchorages. Plans are also in place to expand services to FPSOs, FSOs and semi-submersibles under contracts with regional oil and gas companies. Net-zero emissions by 2050 HullWiper’s sustainable hull cleaning...

ABS has introduced new Rules for Building and Classing Offshore Units (Offshore Rules) that bring multiple rule sets into a single, unified document with risk-based approaches for verifying new technologies along with easier navigation to support clients. The forward-looking initiative is part of a multi-year collaboration with industry, shipyards, owners, equipment manufacturers, designers and regulators to support the fast-moving technology advancements and innovations driven by digitali...

Indian Register of Shipping (IRS) and Cochin Shipyard Ltd (CSL) have entered into an umbrella agreement aimed at developing indigenous technologies and enhancing the capabilities of both organisations. As part of this initiative, IRS and CSL have signed a separate cooperation agreement for the development and certification of an autonomous vessel named ‘SWAYAT,’ which is being constructed at CSL as a fully indigenous pilot project. IRS Guidelines on Cyber Safety Key technology par...

Pioneering wind-propulsion technology provider Anemoi Marine Technologies Ltd. (“Anemoi”) and U-Ming Marine Transport Ltd.’s (“U-Ming”) have signed an agreement to install four Rotor Sails on one of U-Ming’s 325,000 DWT Very Large Ore Carriers (VLOC). The installation work is expected to be completed at the end of 2025, with fuel and emission savings of approximately 10-12% anticipated on deep-sea routes between China and Brazil, South Africa, and Australia....

Anthony Veder, a gas shipping company, has strengthened its partnership with NAPA, a global provider of maritime software and data services, to expand the use of electronic logbook solutions and ease regulatory reporting.   The joint project between the two companies introduces the functionality of voyage reporting, helping Anthony Veder streamline onboard data collection and fulfill increasingly complex environmental regulatory requirements. Thus, the project contributes to...

On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonisation goals. As they review the clause and engage in discussions with their customers, it’s clear there are still some gaps to be filled, before they reach total cohesion.  Clauses for FuelEU Maritime With its additional layers of complexity, drafting clauses for FuelEU Maritime presents an e...

Ocean Network Express (“ONE”) is pleased to announce the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia. NPCT1 is an important terminal serving mature gateway markets in Southeast Asia. Built in 2016, it has an annual capacity of 1.5 million TEU and can accommodate advanced mega containerships with its deep drafts and modern equipment. ONE’s continued commitment Jakarta is ONE’s thi...

Complex shipbuilding projects demand efficient system integration and commissioning from suppliers to meet tight construction schedules. Vard Electro has demonstrated its proven competence in this area with a debut delivery for the Ulstein Verft shipyard of integrated SeaQ Communication solutions for two advanced newbuild CSOVs now delivered by the Norwegian yard for Olympic. Diverse SeaQ systems “The ability to see the bigger picture of such a system delivery is essential to overcome p...

Global marine energy supplier, Peninsula, has announced the expansion of its physical supply network into the Houston market and surrounding areas. Peninsula’s re-entry will be led by Houston-based Mike Parrent who joins Peninsula as Physical Desk Manager, and Elisha Frank as Operations Executive.  Peninsula’s hybrid business model Both Mike and Elisha bring deep experience and are well-known to global customers for their knowledge and service delivery. Full operations will c...

PPG has announced its 50th order for the electrostatic application of marine fouling control coatings. The project will be carried out on the VLCC SIDR, a 336-metre oil tanker operated by Bahri Ship Management at the Asyad Drydock Company shipyard in Oman, using PPG NEXEON™ 810 antifouling coating on the hull.  Electrostatic coating applications Leveraging decades of experience in the aerospace and automotive industries, PPG introduced electrostatic coating applications to the ship...

ClassNK has granted its Innovation Endorsement for Products & Solutions to the ROV training simulator ‘FF Virtual’ developed by FINDi Co., Ltd. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative functions. The detailed information is availab...