Zim Reports Fourth Quarter Loss
ZIM Integrated Shipping Services has announced consolidated results for the three and 12 months ended December 31, 2023, noting a net loss for the fourth quarter of $147 million (compared to a net profit of $417 million in the fourth quarter of 2022).The net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).Adjusted EBITDA for the fourth quarter was $190 million, a year-over-year decrease of 80%.
RINA to Chart Decarbonization Path for Cruising Sector
Italian marine engineering consultancy RINA has secured a contract from the Cruise Lines International Association (CLIA) to carry out a comprehensive Global Investment Plan Study aimed at steering the cruise sector towards a sustainable future.The research will provide a worldwide scenario focused on the cruise sector, mapping real-time energy needs, infrastructure and regulations with foresight scenarios extending to 2050.The cruise sector is recognized as one of the most active in driving the shipping industry towards greater sustainability.Today…
Irish Ship Fuel Initiative Gets Underway
MaREI, the SFI Research Centre for Energy, Climate and Marine, and renewable energy consultants Gavin & Doherty Geosolutions (GDG) have announced the inception of the 'ShipFuel' research project.The initiative is set to position Ireland at the helm of maritime sustainability by developing a clear path to support the transformation of the shipping sector's reliance on traditional fuels to low-carbon alternatives.The research is funded by the Sustainable Energy Authority of Ireland.
Maritime Emissions Reduction Center Launched in Athens
The Lloyd’s Register (LR) Maritime Decarbonization Hub is collaborating with five leading shipowners as founding members in the establishment of a not-for-profit Athens-based global Maritime Emissions Reduction Center (M-ERC) that will focus on optimizing the efficiency of the existing fleet.The M-ERC is being created with the goal of removing technical, investment and community barriers for the uptake of solutions to reduce the greenhouse gas (GHG) emissions of the existing global fleet…
OPINION: Seeing the Ship as a System Changes Everything
Shipping must engage with the decarbonization realities that lie ahead by changing the way it crafts maritime legislation to reflect its place in the interconnected, interdependent world economy, says Eero Lehtovaara, ABB Marine & Ports.ABB Marine & Ports Head of Regulatory & Public Affairs, Eero Lehtovaara has carved out an unusual - and possibly unique - role in the maritime industry over recent years, as a ‘stakeholder’ simultaneously mindful of the perspectives of owners, seafarers…
Australian Welfare Organizations Call for Suspension of Live Animal Exports
The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah. The livestock carrier sailed from Australia for Israel on January 5 but was recalled over a week into the voyage after diverting towards…
Concern Raised that Australian Sheep Will be Re-Exported
The Australian government refused a request by an Israeli livestock exporter to send a ship carrying around 14,000 sheep and hundreds of cattle on a month-long voyage around Africa to Israel earlier this week, but it left the way open for other options.The Bahijah sailed from Australia for Israel on January 5 but was recalled over a week into the voyage after diverting towards South Africa, unwilling to sail through the Red Sea.The ship has been docked in Fremantle port, Western Australia…
Corvus to Integrate Ammonia Cracker with Its Pelican Fuel Cell
Corvus Energy on Monday announced it has been awarded funding through the EU's Horizon Europe Framework Program for the integration of ammonia cracker technology with its Pelican Fuel Cell system.The project, titled “APOLO”, is a collaboration between several partners and aims to solve the challenges of power conversion from ammonia and develop an efficient and flexible ammonia cracking technology for the maritime sector.The four-year program, which started January 1, 2024, will…
CAPP Says Canada’s Emissions Cap will be Production Cap
Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim is to reduce emissions and remain competitive in a shifting global market. “No sector of the economy should be allowed to emit unlimited pollution, not when we are all driving toward the same goal of net zero by 2050 to ward off the worst impacts of the climate crisis,” said the ministers in a statement.
Structural Safeguards in Coast Guard Suspension and Revocation Proceedings
This article examines 10 structural safeguards in Coast Guard Suspension and Revocation (S&R) Proceedings that ensure Coast Guard Administrative Law Judge (ALJ) decisional independence. These safeguards separate potential agency influences from the ALJ decision making process and are critical to mariner due process and fundamental fairness. We will start with an overview of Coast Guard S&R proceedings, followed by brief discussions of the Administrative Procedure Act, Administrative Law Judges, and U.S. Office of Personnel Management oversight.
Marine News' Top Vessels of 2023
The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.
Animal Cruelty Charges Dropped
The animal cruelty charges that were brought against livestock export company Emanuel Exports have been dropped by prosecutors in Perth, Australia.Around 2,400 sheep died on the Awassi Express (subsequently renamed the Anna Marra) on a voyage from Fremantle to the Middle East in August 2017.The situation was brought to public attention when Animals Australia obtained whistleblower footage which was broadcast on a 60 Minutes program in April 2018. Footage from five separate voyages showed sheep suffering heat stress, some bogged in feces.
Australian Government Supportive of Strategic Fleet Development Proposals
The Australian Government has released the report of the Independent Taskforce on the Strategic Fleet, along with its official response to the report, confirming a commitment to delivering a Strategic Fleet of up to 12 vessels that will help Australia build resilience to freight disruptions while supporting our maritime workforce and sovereign capability.Australia’s maritime sector has long been neglected with a shortage of Australian flagged ships and a skilled workforce, says Federal Minister for Infrastructure…
Bleecker Street Group Acquires Marine Learning Systems
Software holding company Bleecker Street Group (BSG) announced the acquisition of Marine Learning Systems, an eLearning technology and services provider.Marine Learning Systems is a trailblazer in introducing eLearning methodologies to the maritime sector, providing solutions to enhance learning outcomes and increase safety for maritime customers including the largest cruise, ferry and workboat operators.As part of the Bleecker Street Group, Marine Learning Systems will join a growing portfolio of maritime software businesses.
Navigating Sustainability: Charting a Way Forward
You can feel it in the air, and increasingly on the water: a steady increase in momentum toward a global economy that prioritizes sustainability. Government stakeholders at all levels, and shipping customers across industries, are setting ambitious goals and high expectations for environmental performance, and that includes the transportation of U.S. and global commerce on the waterways.For the tugboat, towboat and barge industry, which moves nearly 700 million tons of cargo on America’s rivers, coastal waters and Great Lakes annually, it’s both an exciting and challenging time.
Securing Federal Grant Resources for US Ports
Like many ports, the Alaskan Port of Homer faces aging infrastructure and capital needs well beyond the local funding capacity. The port is a key link in the supply chain for 47 remote, rural, disadvantaged or Alaska Native communities served by Homer, making proposed port infrastructure upgrades critical for shipping statewide as well as for the local community.Enter the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law. This unprecedented…
Tanker Spills and Preserving OPA 90 Experience
The maritime industry has seen a very long sequence of environmental regulations since the first implementation of MARPOL in the early 1970’s. All of these regulations have very much benefitted the ocean environment and also our industry to some degree. One of those regulations, OPA90, has had an outsized effect to an extent that it may no longer be as effective as it was in recent years due to its own success.Tanker oil spills in the United States have become so rare that people with actual U.S.
Damen Wins Class and Flag States Approval for Methanol-fueled Workboats
Dutch shipbuilding conglomerate Damen announced it has secured approval from classification society Bureau Veritas as well as the Dutch and Belgian flag authorities for its designs of methanol-powered workboats.The shipbuilder said it can now offer designs for a wide range of methanol-powered compact vessels, ranging from tugs, stationary dredgers and high-speed vessels to fast crew suppliers, pilot boats, stan patrols and fast ferries, as and when the engines for these types…
Lauritzen Bulkers to Test Decision-Making Tool
Bulk shipping companies Torvald Klaveness and Lauritzen Bulkers are collaborating, with Lauritzen Bulkers testing Market Manager by Klaveness for better decision-making.The software-as-a-service (SaaS) platform developed by Klaveness Chartering enables customers to be better informed about shipping markets.Niels Josefsen, CEO at Lauritzen, said: “Over the past four years, Lauritzen Bulkers has transformed from a traditional shipowner and operator to a company with increasing focus on active portfolio management.
LPG: Dual-Fuel Engines Prove Their Worth
BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…
Speaker Program fo 47th Annual Interferry Announced
The 47th Annual Interferry Conference takes place in Hobart, Tasmania on November 4-8, 2023. With focus on elevating the customer experience and sustainability, expert presentations will feature the latest trends in tourism, service automation and onboard entertainment, as well as ship construction and conversion trends, optimised operations, and safety measures.How global tourism trends have changed and will develop post COVID-19 are part of the keynote of Robert Dougan from Tourism Australia, who kicks off the conference on Day 1.
The "KISS Principle" & Managing, Measuring Ship Emissions
HydroComp is a well-established, small engineering firm focused on hydrodynamic and propulsion system simulation, providing design tools for engineers and naval architects to focus on vessel performance, including emissions. Don MacPherson, HydroComp’s long-tenured Technical Director, discusses the impacts of tightening emissions regulations, with insights on maximizing new vessel designs and refits.Don, maritime has been in the crosshairs of regulators to reduce emissions. What do you see as the top new regulatory issues that are impacting ship and boat design…
Training Tips for Ships: Embracing Technology
Tip #49 - Embracing Technology for Effective Maritime TrainingThe maritime industry, like so many others, has experienced a wave of technical advances in recent years. These changes have opened new doors for enhancing the quality of training and skill development for maritime professionals. In this edition of Training Tips for Ships, we'll consider how incredibly far we have come and explore how embracing technology can lead to more effective and efficient maritime training.Digital technologies have been making their way into maritime training, especially over the last two decades.