Fuel Savings of Autonomous Navigation System Verified
Avikus, HD Hyundai's autonomous navigation in-house startup, has verified that its autonomous navigation system is capable of reducing fuel use by as much as 15%, which is expected to reduce carbon emissions by 10%.The fuel savings were quantified on a 325,000-ton very large ore carrier (VLOC) operating several times on a 5,800-mile route from Singapore to Brazil using Avikusâ autonomous HiNAS Control system.The verification of this performance was conducted through procedures that were jointly developed by HD Korea Shipbuilding & Offshore Engineering and AvikusâŠ
Ports Not Ready for Offloading of CO2 Captured Onboard
A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloydâs Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of onboard carbon capture and storage (OCCS) systems as a practicable decarbonization solution.Whilst the technologies required for offloading onboard captured CO2 exist at high levels of maturity, safe operationalisation of captured CO2 transfer by trained personnel has not been demonstrated.The reportâŠ
Panama Says Has No Knowledge of Iranian-owned Ships On Registry
Panama's maritime authority said on Monday it has no knowledge of ships owned by Iranians being in its registry, following concerns from U.S.
US Meets with Panama on Iran Sanction-Evading Ships
The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.
Posidonia 2024 Exhibitors Anticipate Paradigm Shift as AI Gains Traction
The maritime industry, often viewed as conservative and measured in its approach to technological integration, is on the cusp of a transformative era with artificial intelligence (AI) emerging as a prominent player. Insights from key exhibitors at the upcoming Posidonia Shipping Îxhibition reveal a new landscape, where industry leaders strategically align with the inexorable rise of AI and consider adopting it already.According to Theodore Vokos, Managing Director, Posidonia Exhibitions S.A.âŠ
Asyad Shipping Taps LR for ESG Strategy and Reporting
Asyad Shipping, part of Asyad Group, and Lloydâs Register (LR) have partnered to deliver the Omani national shipping companyâs first ESG (Environmental, Social and Governance) report, in line with the established Global Reporting frameworks.Asyad Shipping, which operates a fleet of 85 vessels including gas carriers, very large crude carriers, product tankers and container ships, is one of the first maritime organisations in the Middle East to publish an ESG report.ESG reporting has become a growing necessity in the shipping sector as environmental concernsâŠ
Predictive Tech Could Extend Tank Inspection Intervals on LNG Carriers
Inspection intervals for liquefied natural gas (LNG) carrier membrane tanks could be safely extended thanks to monitoring technology and predictive maintenance, according to a study led by GTT Group, Lloydâs Register and Shell International Trading and Shipping Company Limited.The International Gas Carriers (IGC) Code and IACS UR Z16 rules require LNG carrier cargo tanks to be inspected internally every five years. This joint study explored whether this interval could be extendedâŠ
IMO Finalizes Arctic Pollution Prevention Guideline Drafts
The IMO Pollution Prevention and Response Sub-Committee PPR 11 was held February 19-23, and agreement was reached on guidance for the prevention of pollution in the Arctic marine environment.The guidance will now be presented to the IMOâs Marine Environment Protection Committee (MEPC).Lloydâs Register reports the following was agreed at PPR 11:âą Draft guidance on best practice for goal-based control measures to reduce the impact on the Arctic of black carbon emissions from international shipping (expected to be approved at MEPC 82âŠ
MARAD Designates More Centers of Excellence for Maritime Training
The U.S. Department of Transportationâs Maritime Administration (MARAD) announced the designation of 32 Centers of Excellence (COE) for Domestic Maritime Workforce Training and Education. The designated COEs consist of 50 maritime training locations across 17 states and Guam. The designation recognizes and promotes support to post-secondary maritime training programs that prepare students for careers in the maritime industry.âOur country depends on a highly-skilled mariner workforce to strengthen both our economy and our national security,â said U.S. Transportation Secretary Pete Buttigieg.
EST-Floattech Receives âŹ4 Million Investment
Developer of maritime battery systems EST-Floattech has received an investment of 4 million euros from Energy Transition Fund Rotterdam and existing shareholders Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy.Energy Transition Fund Rotterdam is investing 3 million euros, the fund's first investment in maritime battery systems. The existing shareholders are jointly investing 1 million euros.The announcement was made by Chantal Zeegers, the Alderman for Climate, Building, and Housing in Rotterdam.
ICS Publishes Anti-Bullying Principles
The International Chamber of Shipping (ICS) has launched a set of industry principles for establishing effective measures to combat and eliminate harassment and bullying in the maritime sector.The principles have been published against the backdrop of a report by the International Labour Organization (ILO) â alongside Lloydâs Register Foundation (LRF) and Gallup â on experiences of violence and harassment at work. The first of its kind global survey and analysis benefitted from insights of 74,364 respondents in employment across a range of sectors in 121 countries and territories.
Maritime Emissions Reduction Center Launched in Athens
The Lloydâs 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 fleetâŠ
Potential Abolition of Danish International Ship Register Under Fire
It is sad and worrying that the Frigast committee now proposes to scrap the Danish International Ship Register (DIS) scheme, says Danske Rederier (Danish Shipowners). The organization therefore makes a clear call to the government not to implement the proposal, as it will have major negative consequences for Danish shipping.The so-called Frigast committee published its recommendations for changes to the existing business support schemes this week. Among other things, the committeeâŠ
Fincantieri Delivers Cruise Ship Sun Princess
Italian shipbuilding group Fincantieri announced it has delivered Sun Princess, the first in a series of two new liquefied natural gas (LNG ) fueled cruise ships for Princess Cruises.At about 178,000 gross tons, Sun Princess is the largest ship ever built in Italy, as well as the first LNG cruise ship ever built by Fincantieri, the shipbuilder said. The ship is also the first dual-fuel vessel powered primarily by LNG to enter the Princess fleet.Sun Princess is the first in Princess Cruisesâ Sphere class. Its sister-ship is scheduled to be delivered in 2025.
MARADâs Title XI Changes: Good News for Offshore Wind?
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards, Title XI provides for a full faith and credit guarantee by the U.S. government. The program essentially aims to encourage U.S.
Amogy Issued Feasibility Statement by Lloydâs Register
Ammonia power solutions company Amogy informs it has been awarded a feasibility statement by classification society Lloydâs Register (LR).Amogy has developed an ammonia-to-electrical power system that splits, or âcracks,â liquid ammonia into its base elements of hydrogen and nitrogen, which then funnels the hydrogen into a fuel cell, generating power at five times the energy density of lithium batteries.The feasibility statement from LR serves as the official approval of Amogyâs Technology Qualification Plan (TQP)âŠ
Lloydâs Register Issues AiP for Estonian State Fleetâs Hydrogen Fuel-Cell Ferry
Lloydâs Register (LR) has awarded Approval in Principle (AiP) to Estonian State Fleet for hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin.The zero-emissions ferry is to be operated between the Estonian mainland and the islands of Saaremaa and Hiiumaa, on the Virtsu-Kuivastu and Rohuküla-Heltermaa routes, which connect the Baltic nation to its two largest islands.As part of the certification, LR approved the current stage of the design process to be suitable for further designâŠ
ICS Publishes Flag State Performance Table
A new table published by the International Chamber of Shipping (ICS) indicates continuing positive performance by the vast majority of the maritime industry's flag states.Merchant ships are required to register under a flag state, which determines the vessel's nationality and gives jurisdiction under which to operate. Flag states have the authority and responsibility to enforce regulations over vessels registered under their flag, including those relating to inspection, certificationâŠ
Cradle-to-Grave LNG Carrier Study Spotlights Crucial Role of Alternative Fuels for GHG Reduction
Alternative fuels, green steel and renewable energy are fundamental to greenhouse gas (GHG) emissions reduction during the life cycle of a vessel, an industry-first cradle-to-grave study on a newbuild LNG carrier has revealed.Carried out by Lloydâs Register, Knutsen, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and HD Hyundai Heavy Industries (HHI), the analysis has highlighted the environmental output at each stage of a vesselâs life.Namely, the six-month study, which began in June 2023âŠ
NTSB Issues Safety Alert on Personal Locator Devices for Mariners
A new safety alert issued by the National Transportation Safety Board (NTSB) urges vessel owners and operators to provide each crewmember with a personal locator device. These devices improve a marinerâs chance of rescue during an emergency.During an emergency at sea, a marinerâs chance of survival decreases if search and rescue cannot quickly and accurately identify their location. Personal locator devices, such as personal locator beacons (PLB) or satellite emergency notification devices (SEND), can accurately pinpoint a personâs location.
AET Names New LNG Dual-fuel VLCC
AET, a member of the MISC Group, held a naming ceremony in Singapore for its latest liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), Eagle Veracruz.The Singapore-flagged 300,000 dwt tanker was named by Singaporeâs Minister for Sustainability and the Environment (MSE) Grace Fu, who is also the Lady Sponsor of the vessel. The ceremony, which was held at the PSA Keppel Terminal, also saw attendance by Teo Eng Dih, Chief Executive of Maritime and Port Authority of Singapore (MPA) and senior officials from MSEâŠ
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.
Ship Recycling: Few Sales Confirmed
In its Week 3 market report, cash buyer GMS says that even as vessel prices have improved from the lows seen towards the end of 2023 and plate prices made a massive jump in Bangladesh over the last couple of weeks, only a trickle of sales have been confirmed into the recycling markets in 2024 thus far.âThere also seems a reluctance from ship owners to bite at current offers in the low USD 500s/LDT, having seen levels around USD 100/LDT higher only a couple of quarters ago. MercifullyâŠ