Germanischer Lloyd’s (GL) North American Committee, considered current topics & challenges to the shipping industry at its recent Texas meeting. The challenge of improving vessel efficiency heads the agenda of every ship owner and operator. With sailing speeds reduced across the board, fuel efficiency has become the biggest lever to increase cost competitiveness. Both regulatory agencies and the industry are developing mechanisms to improve efficiency and in 2013 the IMO’s EEDI and SEEMP regulations will enter into force, in an effort to spur innovation and reduce CO2 emissions. David Greening of Seaspan, one of the world’s largest independent containership companies, set out his firm’s response to the challenge of rising bunker prices and a tighter regulatory environment. Seaspan was investing in highly efficient designs for new vessels, while undertaking a system to improve operational energy use, including draft and trim optimization, and using vessel based monitoring to track KPIs. In a multi-tier market that differentiates between vessels based on their efficiency, improved energy use can result in significantly improved employment opportunities and earnings. One under utilised area in shipping to realise such gains is the implementation of software systems. Kristinn Aspelund, of GL partner firm Marorka, examined some of the systems available to owners and operators to boost efficiency and cut fuel use.
The Maritime Institute of Technology and Graduate Studies (MITAGS) and Pacific Maritime Institure (PMI) announced their upcoming “Introduction to the Maritime Environment and EPA General Permit” Course. With the introduction of the Vessel General Permit the EPA has captured an estimated 70,000 additional regulated units that have previously been exempt from permitting requirements in U.S. waters. This new universe of permitees, while previously subject to many international
In response to its continued global expansion, leading international classification society ABS has strengthened its executive leadership team with the election of Tony Nassif as Executive Vice President and Chief Operating Officer of the society. The election was made by the ABS Board of Directors at its meeting this week. Nassif moves to ABS from his position as President and CEO of the society’s wholly owned affiliate, ABS Group of Companies Inc.
Global Navigation Solutions announced that Voyager is now offered by all members of the Global Navigation Solutions maritime services group. Ship operators looking for the state-of-the-art route planning, intelligent data management and quality of compliance provided uniquely by this new digital chart management system can now obtain Voyager from any company within the Global Navigation Solutions group worldwide.
Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. Shell has spent about $7 billion on exploration in the waters off Alaska so far and said it could take a hit of up to $4.1 billion for pulling out of the Chukchi Sea for the "foreseeable future".
VGM Generation services will be offered to enable supply chain partners to comply with new IMO SOLAS regulations The Hague, Netherlands - With just 50 days until SOLAS Verified Gross Mass (VGM) comes into force APM Terminals is taking the lead to ensure a smooth transition into the new regulatory environment facing over 120 million containers entering the international supply chain. Under international law from 1st July
On October 12, Secretary of the Interior Ken Salazar determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, including those that recently went into effect, and demonstrate the availability of adequate blowout containment resources. Secretary Salazar reached his decision after reviewing a report from Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEM) Director Michael R
New research reveals the impact of post-Macondo reform U.S. oil and gas professionals are losing their appetite for risk and are worried about rising operating costs, as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research published today by GL Noble Denton. Despite the new regulations, the vast majority believe that the U.S. will continue to be a leading investment destination
Shipping Minister Stephen Hammond MP has just returned from a Greek-British Shipping Forum where he addressed Greek businesses. Here he writes, exclusively for Maritime U.K., on the success of the event and the importance of Britain’s growing shipping industry. I was pleased to be invited to give the opening speech at the Greek-British Shipping Forum in Athens on Monday, alongside the Greek Maritime Minister Mr. Mousouroulis
We in the passenger vessel industry strongly believe in safety. We want our operations to be safe to ensure the well-being of our crew and passengers and the protection of our assets. We work hard to establish appropriate safety policies and programs and we train and drill crew to ensure that we are all aware of the need to be safe and to appropriately respond when an accident does occur. But as we do these things
The cruiseship MS Koningsdam, will be the backdrop of the Women’s InternationalShipping and Trading Association’s Annual General Meeting (9-13 November). Departing in Port Everglades with stops in Miami and the Bahamas
Dr. Nikolas Tsakos of Tsakos Energy Navigation Ltd. was reelected for two further years by the INTERTANKO Council who met this week in London. The Council members also engaged in dialogue with the IMO Secretary General, Kitack Lim, as well as the Rt Hon John Hayes CBE
International Maritime Organization (IMO) is assisting Tunisia with the development of its maritime security legislation with a training workshop, taking place in the country’s capital of Tunis (30 November – 1 December).
Seaspan Ferries Corporation (SFC) announced the arrival of the Seaspan Swift, the first of two new dual-fuelled/hybrid diesel, liquefied natural gas (LNG) and battery ferries to its fleet. The new state-of-the-art vessel, currently docked at the SFC Tilbury Terminal in Delta
South Korea's Hanjin Shipping Co Ltd is selling major businesses, including its Asia-U.S. route network, and will receive letters of intent by October 28, the company said on Thursday. In a regulatory filing the company said a Seoul court overseeing its receivership process approved a public
Last month, a large cruise ship completed its inaugural cruise through the Northwest Passage. The historic journey brought nearly 1,700 passengers from Seward, Alaska, past the rugged wilderness and isolated villages of the Arctic, to the concrete jungle of New York City
Lloyd’s Register (LR) and Shipping in Changing Climates, a $4m multi-university and cross industry research project funded by EPRSC, have today released Low Carbon Pathways 2050 – a new study that details a number of potential pathways for the shipping industry’s transition to a
Frank Coles, Transas CEO, has delivered a keynote speech calling for the International Maritime Organization (IMO) to set standards of compliance for the communication connections between ship and shore or else create a significant cyber security risk.
Moody's Investors Service, has placed the ratings of Overseas Shipholding Group, Inc. (OSG) under review for downgrade, including its B2 corporate family and Caa1 senior unsecured ratings, and the B1 and Ba2 senior secured debt ratings of its subsidiaries, OSG Bulk Ships, Inc
In a landmark decision for both the environment and human health, 1 January 2020 has been set as the implementation date for a significant reduction in the sulphur content of the fuel oil used by ships. The decision to implement a global sulphur cap of 0
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd. and Nippon Yusen Kabushiki Kaisha will establish a new joint-venture company to integrate the container shipping businesses. The shippers have agreed, after the resolution by the board of directors of each company
The announcement that three Japanese shipping groups will merge their liner shipping businesses is further evidence of survival M&A sweeping the industry according to global shipping consultancy Drewry. This morning Kawasaki Kisen Kaisha Ltd
Envirocleanse LLC recently submitted a Letter of Intent to the U.S. Coast Guard and the International Maritime Organization (IMO) indicating that the company will apply for Type Approval of its patented Envirocleanse inTank ballast water treatment system (BWTS).
Amy Beavers, USCG Licensed Master, Academic Principal and VP of Regulatory Compliance at Maritime Professional Training has passed away on November 5. Services will be held on Saturday, November 12, at 11:30 a.m. at Rio Vista Community Church, 880 S. Federal Highway, Fort Lauderdale, Fla
International Maritime Organization (IMO)’s whole of government approach to maritime security, as an enabler for sustainable development of the blue economy, is being played out in the latest maritime security table-top exercise.