Rising costs - News

Nuclear solutions will play an essential role in maritime’s fast-paced journey towards decarbonisation and net zero, said Mikal Bøe, Chairman and CEO of CORE POWER. “It simply will not happen without it,” he stated. Speaking in the first of a series of London Talks video presentations for London International Shipping Week 2023 (LISW23), Mr Bøe highlighted the limitations inherent in current alternative sources of fuel and advised that today’s ‘new&rs...

GTMaritime, pioneering experts in secure maritime data communications solutions, has released a new whitepaper that assesses the impact Low Earth Orbit (LEO) networks are having on the maritime industry and key considerations for wider adoption. Available to download free of charge, Opportunities and Challenges: Introducing New LEO Networks to the Maritime Industry, offers an insightful overview of commercial shipping’s first movers in LEO network service use. It outlines the potential fo...

Maritime UK, the collective voice for the UK's maritime industries, announces the departure of Janet Fallon, Commercial Director and recent Interim CEO. Janet leaves Maritime UK after a successful tenure, and they would like to take the opportunity to thank her for time and dedication. Appreciating Janet’s contributions Commenting on Ms. Fallon’s departure, Robin Mortimer, Chair of Maritime UK, said: "We extend our appreciation to Janet for her contributions to Maritime UK, both...

Crowley has entered into its fourth long-term charter for its newest Tier IV ship assist tug, Artemis, with Brusco Tug & Barge. The powerful, state-of-the-art vessel reinforces the company’s commitment to sustainability while providing high performance. The 77-foot tug will deliver 7,000 horsepower with a bollard pull of 96 tons using two Caterpillar Marine 3516 Tier IV-compliant engines, meeting U.S. Environmental Protection Agency emission standards. Artemis will also feature advanc...

The Port of Long Beach welcomed the latest green container vessel to Pasha Hawaii’s fleet, the MV Janet Marie. The Janet Marie, the company’s second of two ‘Ohana Class’ container ships powered by liquefied natural gas, made its maiden voyage early Saturday from Long Beach to its home port in Honolulu. Its companion, Pasha Hawaii’s MV George III, was the first LNG container ship to refuel on the West Coast during its initial call to the Port of Long Beach in August...

OCI Global and X-Press Feeders have announced that OCI Hyfuels will supply X-Press Feeders with green methanol in the Port of Rotterdam from 2024. The milestone agreement is the first green methanol deal with a feeder container carrier and represents a crucial step in the decarbonisation of the shipping chain, as the feeder industry plays an important role in supporting the ultimate carrier. X-Press Feeders will be the first common feeder operator with methanol-fuelled vessels on the water in E...

A new shipbuilding lending scheme has been launched which could create hundreds of UK jobs and contribute hundreds of millions of pounds to the UK economy. Government launches new scheme to help buyers purchase UK-built ships. Shipbuilding Credit Guarantee Scheme could create hundreds of UK jobs and contribute hundreds of millions to the UK economy. Part of £4 billion National Shipbuilding Strategy Refresh plan to revitalise UK shipbuilding sector, which contributes £2.8bn a yea...

ABS brought together maritime industry leaders from the United Kingdom (UK) to discuss the latest advances in sustainability and transformational technologies. Attendees at the UK National Committee Meeting heard how the ABS-classed fleet had grown to 280 million gross tons and secured the number one position in global order-book share. Decarbonisation ABS is leading the maritime industry in decarbonisation and sustainability solutions" “ABS is leading the maritime industry in decarbon...

ClassNK has issued an Approval in Principle (AiP) for a cargo containment system (CCS) and cargo handling system (CHS) for a liquefied hydrogen carrier developed by GTT. Hydrogen is expected to be used as a source of clean energy for decarbonisation since it does not emit CO2 when combusted. The technological development for maritime hydrogen transportation is progressing actively with the aim of establishing a hydrogen supply chain.  Review of CCS and CHS ClassNK carried out the design...

Tokyo-based classification society, ClassNK has released the latest ‘ClassNK Technical Journal’, which has been published for contributing to the advancement of technology and society through the outcome of R&D and technical activities. ‘ClassNK Technical Journal’ The latest issue - ‘ClassNK Technical Journal No.7 2023 (I)’ focuses on efforts toward the safe operation of progressively larger container ships. It provides an overview of structural rules ap...

Algoma Central Corporation (Algoma) has ordered two, methanol-ready, 37,000-DWT, ice-class product tanker vessels to be built to ABS Class. This CAN$127m investment followed an order for two, new, 72,250-DWT, methanol-ready, Kamsarmax-based ocean belt self-unloading vessels that will also be built to ABS Class from Algoma. Algoma’s decarbonisation efforts The new product tankers will be entered on long-term time charters under the Canadian flag, trading primarily from Saint John, New Bru...

There’s no doubt the energy transition is set to be transformative for Scotland’s construction sector. The government’s Draft Energy Strategy and Just Transition Plan, published earlier this year, carries a clear mandate to deliver an energy system this decade that enables us to become a net-zero nation by 2045. As demand continues to mount for renewable energy developments – from onshore and offshore wind to hydrogen, solar, marine and hydropower, and even projects aime...

MAN Energy Solutions has announced that it will begin developing retrofit solutions for medium-speed marine engines as part of a research association including WTZ Roßlau gGmbh and TU-Darmstadt. The three-year research project, ‘CliNeR-ECo’, is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK) with initial work having already commenced at the beginning of 2023. CliNeR-ECo aims to develop concepts for diverse, medium-speed, marine engines tha...

Representatives from across the UK’s maritime sector and shipbuilding industry have made recommendations to the government after assessing progress on a key strategy launched last year. The National Shipbuilding Strategy Refresh, launched in March 2022, set out the UK Government’s vision for a productive, competitive and innovative shipbuilding sector. It set out a 30-year shipbuilding pipeline for cross-government orders, pledged to support green shipbuilding technologies and build...

Shipping and logistics challenges are the biggest hurdles facing e-commerce companies launching into new markets. Vendors can overcome these obstacles by forming the right connections with carrier companies, according to nShift, a provider of delivery management software. International expansion International expansion represents a major growth opportunity for online retailers and webshops as demand for e-commerce soars around the world. In Southeast Asia, for example, the e-commerce market i...

An existing close partner of Mersey Maritime, Nautilus International represents 20,000 maritime professionals in its capacity as a global trade union. They include ship masters, officers, cadets, ship pilots, harbourmasters, seafarers of all kinds, and shore-based workers. Employment opportunities As one of the industry cluster organisations in the maritime sector, recognised both nationally and internationally, Mersey Maritime represents hundreds of businesses of all sizes across 30-plus s...

International Maritime Organization (IMO) adopts revised strategy to reduce greenhouse gas (GHG) emissions from international shipping. Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships, with enhanced targets to tackle harmful emissions. Revised IMO GHG Strategy The revised IMO GHG Strategy includes an enhanced common ambition to reach net...

DNV is the first class society to introduce new class rules for electrical shore connections specifically tailored for tankers, contributing to setting sector norms. The need for new rules on shore power for tankers emerged following amendments to the California Air Resources Board's (CARB) Ocean-Going Vessels At-Berth Regulation, requiring tankers to have emission control strategies in place at specific ports from January 2025. As a response to these regulatory changes, DNV, on behalf of the W...

Imabari Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries, Ltd. (MHI) have agreed to perform engineering of conventional vessels other than LNG (liquefied natural gas) carriers on consignment from Nihon Shipyard Co., Ltd. at MI LNG Company, Ltd. (MI LNG), their jointly operated LNG carrier engineering firm, augmenting MI LNG’s earlier business relating to LNG carriers. The new business arrangement will get underway starting in July. The agreed engineering business is to include funct...

Resolve Marine, a pioneer in ship and vessel salvage, rescue, emergency response, and specialised marine services, announces two executive appointments: Randy Moreau joins the company as Chief Financial Officer and Patrick Porter, Chief Human Resources Officer. Mr. Moreau oversees approximately 30 employees across financial planning and analysis, accounting, tax, purchasing, legal and project coordination. Mr. Porter leads a team of seven across talent development, recruiting, human resource b...

WE Tech Solutions, a renowned provider of energy efficiency solutions for the global shipping industry, has announced a new partnership with Marine 2-Stroke Consultant and Service GmbH (MTCS), who will represent WE Tech Solutions in Germany, Belgium, and the Netherlands. This strategic agreement is aimed at expanding WE Tech Solutions’ market reach in the region and accelerating the advancement of environmental sustainability in the shipping industry. WE Tech Solutions and MTCS partnersh...

Nor-Shipping 2023 proved to be one of those 'you had to be there' moments. From the second the bell rang at Oslo Stock Exchange on Monday morning, announcing the beginning of 2023's packed programme, through to the final delegates leaving the Lillestrøm exhibition centre on Friday afternoon, Nor-Shipping 2023 delivered on every expectation. A record turnout at the exhibition, big names at the conferences, and a social scene that basked in unbroken sunshine created, in the words...

Mersey Maritime, a regional cluster organisation for the North West maritime sector, is pleased to announce the appointment of Ruth Wood as their Interim Chief Executive Officer, effective 1st July 2023. Ruth Wood will be stepping-up to the role, following the departure of current Chief Executive Officer (CEO), Chris Shirling-Rooke who will be leaving Mersey Maritime to take up the position of Chief Executive of Maritime UK. Extensive maritime industry experience Ruth Wood has over 15 years&r...

Ulstein Design & Solutions AS has signed a contract with Tersan Shipyard for two methanol-fuelled ULSTEIN SX216 Construction Service Operating Vessel (CSOV) designs. The vessels will be constructed for the Netherlands-based Acta Marine and will be number 3 and 4 with the novel TWIN X-STERN solution in the Acta fleet. The ship owner Acta Marine has already signed a long-term contract for a 12-year basis with RWE for the two vessels to support North Sea wind farms. The vessels are expected to...

The Federal Government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships 2009; International Convention on Standards of Training Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F) 1995...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has agreed to undertake technical studies on an ammonia fuel supply system for large, low-speed two-stroke marine engines under development by Winterthur Gas & Diesel AG (WinGD), a Swiss designer of large marine engines. The signing ceremony of the memorandum of understanding (MOU) was held at WinGD Headquarters in Switzerland on June 2. Maritime system integrator WinGD is currently developing ammonia-f...

The official opening of Nor-Shipping 2023 took place with a high-profile event at Oslo City Hall, a special bell-ringing ceremony at the Oslo stock exchange, a UN Global Compact high-level meeting, and a range of other partner and networking activities. Nor-Shipping’s main exhibition, gathering almost 1000 international exhibitors and tens of thousands of delegates, kicks off in Lillestrøm on June 6, 2023, with organisers believing this will be 'the biggest and best Nor-Shipping we...

The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh OFR, said policies of the current administration at the Agency are tailored to complement efforts of the Nigerian Content Development and Monitoring Board (NCDMB) to grow the Nigerian economy through the Oil and Gas sector. The NIMASA DG, who was represented by the Agency’s Director of Cabotage Services, Mrs. Rita Uruakpa at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yen...

Nor-Shipping has announced that John F. Kerry, the United States Special Presidential Envoy for Climate, will deliver a closing address at the Ocean Leadership Conference, taking place on Tuesday, 6 June, 2023. Sustainability John F. Kerry, a former Secretary of State and Democratic Presidential Candidate, will share the stage with other key global figures, including Dr. Andrew Forrest, the Founder and Executive Chairman of Fortescue Metals Group, and Joseph E. Stiglitz, Nobel Laureate in Econ...

The fourth edition of the ‘’Mapping of Zero-Emission Pilots and Demonstration Projects’’– launched at a Getting to Zero Coalition Workshop in Paris attended by Eric Banel, Director General for Maritime Affairs, Fisheries and Aquaculture at the French Ministry of the Sea and others – has identified increased activity among industry to innovate and find collaborative solutions to decarbonise shipping by 2050. Three main assets “To achieve zero emissions...