Shipping Industry Faces Fuel Dilemma in Bid to Cut Emissions
The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to implement a charge on the sector's greenhouse gas emissions.The IMO's Maritime Environment Protection Committee concluded its 81st meeting last weekâŠ
Red Sea Crisis Adds 100,000 Bpd to Global Fuel Demand
The shipping industry is consuming an additional 100,000 barrels per day of fuel to sail longer distances needed to avoid traversing the Red Sea, Vitol Chief Executive Officer Russell Hardy said on Wednesday.Total distance traveled by ships is about 3% more than it was before Yemen's Houthi group started attacking shipping, Hardy said.Tanker traffic in the Red Sea is higher today than it was five years ago, he said, but global conflicts have shifted global trade flows."We have had to re-orientate so much all over," he said at a panel during the CERAWeek conference in Houston, Texas.
Singapore Highlights its Maritime Achievements for 2023
The Singapore government has recounted the achievements of Maritime Singapore to date to highlight the nationâs successes as a maritime hub in 2023:Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. Twenty-five maritime companies established or expanded their operations in Singapore last year. These included maritime services companies and companies setting up sustainability desks in Singapore as part of theirâŠ
US Offshore Wind: Down but Not Out
âThe winds of change are blowing wild and free.â â Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word âwildâ. Yes, the wind still blows âfreeâ, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.
Shipping Industry Influencers to Join Commodoresâ Debate at CMA Shipping 2024
Dorian LPG, International Seaways Ship Management LLC, Poten & Partners, dâAmico and TEN Ltd. all confirmed for the CMA Shipping 2024 Commodoresâ Debate rounding off three days of thought-leading content from March 12-14 in Connecticut.A highlight of the Stamford-based show, the Commodoresâ Debate brings past and present CMA Commodores together to discuss the key issues and opportunities facing shipowners today and in the future.Moderated by Marine Moneyâs Jim Lawrence, the debate will focus on the meaning of business excellence during a time of disruption and market volatility.
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 âstakeholderâ simultaneously mindful of the perspectives of owners, seafarersâŠ
Austal USA Plans New Facility and Shiplift in Mobile
Shipbuilder Austal USA announced it is planning to boost capacity at its Mobile, Ala. shipyard with the addition of a new manufacturing facility.The infrastructure expansion, which will be to the south of Austal USAâs current waterfront facility, will include a new assembly building, waterfront improvements, and a new Pearlson-designed shiplift system. Start of construction on the project is planned for summer 2024.The construction of this new building and waterfront support area continues the expansion Austal USA began in March 2021 with the groundbreaking of the steel panel line.
OSV Owners Reap the Rewards of Data Sharing
A âConnected Futureâ seminar, organized by Inmarsat in collaboration with Maritime Reporter & Engineering News and moderated by Greg Trauthwein, encapsulated the critical roles technology and data sharing play in enabling more efficient and sustainable workboat operations, and in improving conditions for crew.Insights from leading Offshore Supply Vessel owners and operators capture the extent to which technology and data sharing are driving greater efficiency, sustainability andâŠ
Navigating Disruption: CMA Shipping 2024 Unveils Agenda and Speaker Lineup
C-Suite leaders of ABS, Panama Canal Authority, BIMCO, INTERCARGO, IACS, DNV, Stena Bulk, Hapag-Lloyd, IBIA, International Seaways and many more have been announced for the conference lineup at CMA Shipping 2024.With just six weeks to go, eager anticipation is growing for the 39th edition of CMA Shipping taking place in Stamford, Conn., from March 12-14, 2024.The conference agenda promises to highlight pertinent issues surrounding the future of shipping, and how the industry can navigate challenges such as the energy transition, crewing and education, safety and compliance.
Biden Pauses New LNG Export Projects
President Joe Biden paused pending approvals of exports from new liquefied natural gas (LNG) projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the November 5 election.The Department of Energy (DOE) will conduct a review during the pause that will look at the economic and environmental impacts of projects seeking approval to export LNG to Europe and Asia where the fuel is in hot demand.The review will take months and then will be open to public comment which will take further timeâŠ
IACS Adopts New Unified Requirement on Ammonia Releases
The International Association of Classification Societies (IACS) has developed a Unified Requirement (URH1) covering the release of ammonia from the onboard systems for bunkering, storing, preparing and using ammonia as fuel.IACS URH1 aligns with the Recommendations from U.S. National Institute for Occupational Safety and Health (NIOSH) and establishes that an ammonia concentration of 300 ppm or more is immediately dangerous, and a concentration of 25 ppm or more is dangerous if the exposure is longer than eight hours.AdditionallyâŠ
"Port of the Future" Announces Comms Awards
The Borders, Trade, and Immigration Institute, a Department of Homeland Security Center of Excellence, led by the University of Houston, announced the creation of the annual Port of the Future Award for âExcellence in Port Communications and Community Relations.â Each year, this award will be presented at the annual Port of the Future Conference, held the first week of April, in Houston, Texas. Finalists may be invited to participate on the Conference panel âPort Communications and Community Relations.â This yearâs Port of the Future Conference will be held April 2-4âŠ
Exploring 'Future Fuels' - Methanolâs Superstorage Solution
Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which âreinvented methanol fuel storageâ on board ships. Delivering the answers has seen technical talk converting into project discussions âGreenâ methanol has the ability to one day run vessels almost emission-free, and commercial shipping increasingly investigates. Derived today principally from natural gas, methanol is nonetheless available, relatively easy to handle and predictable.
2023 Coast Guard Engineer of the Year Named
Lt. Lena âLexieâ Royster, a mechanical engineer in the U.S. Coast Guard Marine Safety Center, in Washington, has been selected as the 2023 Coast Guard Engineer of the Year.The Coast Guard Engineer of the Year Award recognizes Coast Guard active duty and civilian engineers for their accomplishments and achievements. The awardâs selection panel considers many factors including engineering accomplishments, awards, honors and educational achievements.âI am extremely thankful for the opportunities the Coast Guard has given me,â said Royster.
Workboat Power: Alternatives Join Diesel to Power Currentâand FutureâVessels
Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report âBeyond the Horizon: View of the Emerging Energy Value Chainsâ, the American Bureau of Shipping (ABS) explains that, âDuring the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)âŠ
Data Collaboration Demands âSystemic Shiftâ in Shipping
Shippingâs journey of digital transformation is as much about cultural change - from the boardroom to onboard vessels - to adapt to new ways of working with data collaboration at the core as it is about technology adoption, according to a new Bureau Veritas-backed research study.Digital transformation of the industry âdemands a systemic shift in how we work together,â Bureau Veritas Marine & Offshoreâs VP Digital Solutions & Transformation, Laurent Hentges, said in the foreword to the report by research firm ThetiusâŠ
Marine News' Top Vessels of 2023
The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023âfrom 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.
SAR Officer Caleb Halle Receives 2023 IMO Bravery Award
The 2023 IMO Award for Exceptional Bravery at Sea has been presented to Caleb Halle, Aviation Survival Technician Second Class (AST2) of the United States Coast Guard (USCG). He was recognized for the outstanding courage, endurance and determination he showed during the rescue of the seven-strong crew of the tugboat Legacy in January 2023.AST2 Halle, based at the Coast Guard Air Station Atlantic City, received the award at the annual IMO Awards Ceremony in London. The ceremonyâŠ
Australian Government Responds to Live Export Petition
The RSPCA has welcomed the tabling of the Australian federal Minister for Agriculture's response to one of the largest Australian parliamentary e-petitions in history, calling for an end to live sheep export.Minister for Agriculture, Fisheries and Forestry, Murray Watt, stated: âThe Australian Government acknowledges the considerable community concerns about animal welfare in the trade of live sheep exports by sea and understands the desire to see action.âThe government took the commitment to phase out live sheep exports by sea to two electionsâŠ
Study Calls for 'Liberation of Data' in Shipping Shift for Decarbonization
Siloed data systems represent a ârecipe for duplicative and multiplicative cost inside a company and across companiesâ, an OrbitMI-hosted panel at the recent Shipping Insight event in the US was told, as a Bureau Veritas-backed study highlighted this as a big barrier to data collaboration for digitalization of shipping to cut emissions.Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as fromâŠ
Biden's Clean Energy Agenda Faces Mounting Headwinds
Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Bidenâs agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orstedâs project cancellations in the U.S.
Digitalization: Maritime Charts its Course
Maritime players plotting pathways to data collaboration with digital projects in line with new BV-backed research study.Digital technologies are increasingly being leveraged by shipping players to facilitate data collaboration among different actors in areas like ship design, vessel performance and port calls as a new Thetius research study backed by Bureau Veritas (BV) shows this will be vital to drive decarbonization, an OrbitMI-hosted panel heard at the recent Shipping Insight event in the US.âData-poweredâŠ
Newport News Shipbuilding Opens Additional Site in Norfolk
HII announced its Newport News Shipbuilding division has begun production at an additional campus in Norfolk, Va. to support the shipyardâs continued progress toward more effective and efficient shipbuilding.The Newport News Shipbuilding Norfolk Campus is located on land leased from Fairlead in the Lambertâs Point area, at a development known as Fairwinds Landing. NNS shipbuilders have worked at the site for several months constructing steel panels that will eventually make up units of Gerald R.