Lloyd News

Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered by Norwegian transport company Torghatten Nord.The design, produced by The Norwegian Ship Design Company for operations in the challenging waters of the Vestfjordstrekninga fjord in the Arctic Circle, received approval in principle (AIP) in August 2022 from Lloyd's Register, who has signed on to class the first-of-their-kind vessels.At 117 meters long with a 120-car capacity…

Over the past year, H2 Energy and DFDS have worked together on a project to analyze the feasibility of retrofitting large ferries with a hydrogen propulsion system.The project, supported by the Danish Maritime Fund, has led to the publication of a hydrogen propulsion feasibility study.With support from the Danish Maritime Fund, DFDS, H2 Energy and Lloyds set out to uncover the technical and operational feasibility of hydrogen propulsion systems by analyzing the main aspects of…

Hapag-Lloyd and Seaspan Corporation announced plans to retrofit and convert five 10,100 TEU containerships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels will continue to be on long-term charter from Seaspan to Hapag-Lloyd.The vessels scheduled for retrofits are the Seaspan Amazon, Seaspan Ganges, Seaspan Thames, Seaspan Yangtze and Seaspan Zambezi. The retrofit is expected to take approximately 80-90 days per vessel starting in the first quarter of 2026.

The Maritime Risk Symposium is an annual three-day conference in which government and maritime industry leaders, port representatives, researchers, and solution providers convene to examine current and emerging threats to maritime security. MRS2024 is scheduled to take place June 11-13 2024 at Naval Postgraduate School (NPS) in Monterey, CA.A look @ Panel 5: Facilitator: Eric “Coop” Cooper, CAPT, USCG (retired)This panel will inform participants and generate discussion to improve understanding of the risk of gray zone activities pose to the economy…

Daphne Technology has been selected by Trafigura for its first commercial deployment of PureMetrics™ emissions measuring system, scheduled for the summer of 2024.The system will be deployed aboard an LNG carrier chartered by Trafigura and managed by Latsco LNG LLC.PureMetrics directly measures and accurately reports real-time tonnes of GHG emissions to the environment, eliminating inaccurate reporting based on fuel consumption estimates. The system features a combination of an array of sensors…

Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…

Survival technology solutions provider Survitec reports it has become one of the first maritime safety companies to achieve ISO 23678:2022 1-4 certification.The standard was introduced in 2022 to establish the uniform and consistent training of personnel involved in lifeboat inspection, taking into account the mandatory requirements of resolution MSC.402(96).Achieving ISO 23678 certification was also a key factor in Survitec receiving renewed approval for the maintenance, inspection…

GTT, the technological expert in membrane containment systems used to transport and store liquefied gases, has obtained two new approvals in principle (AIP) from the classification societies ABS and Lloyd's Register for cargo transfer operations between very large ethane carriers (VLEC) equipped with the Mark III technology developed by GTT.These approvals confirm the relevance of GTT's containment systems on board VLECs, with tanks of up to 105,000 m3, as a safe and cost-effective solution for the transfer of liquefied ethane…

The International Maritime Rescue Federation (IMRF) released its #FutureSAR Report as part of the organization's ongoing campaign to raise awareness of the impacts and effects of climate change on global maritime search and rescue (SAR) operations.The report marks the completion of the first phase of the IMRF #FutureSAR initiative, which is funded and supported by Lloyd’s Register Foundation. The initiative's purpose is to identify challenges related to climate change for the global maritime SAR industry and provide guidance and best practices for future rescue operations…

Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port."We are working closely with the vessel's owner and manager and the relevant U.S. authorities as part of the investigation into the casualty…

A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s 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 report…

German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with those of competitors such as Maersk and CMA CGM, exacerbated by the arrival of additional ships orde

Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.Nord Stream AG names Lloyd's Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London's High Court last month.Switzerland-based Nord Stream confirmed in an email there is a contractual dispute in London commercial courts between itself and insurers of the pipeline system."However…

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

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 Εxhibition 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.…

Asyad Shipping, part of Asyad Group, and Lloyd’s Register (LR) have partnered to deliver the Omani national shipping company’s 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 concerns…

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

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, Lloyd’s 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 extended…

Insurance broker Marsh and Lloyd's of London underwriters have expanded a marine war insurance program backed by Ukraine from grain shipments to all non-military cargo, such as iron ore and steel, Marsh said on Friday.Marsh, Lloyd's and Ukrainian state banks launched an initial program in November to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, following Russia's invasion of Ukraine two years ago."Expanding insurance to cover ships carrying all non-military cargo is extremely important for Ukraine…

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 IMO’s Marine Environment Protection Committee (MEPC).Lloyd’s Register reports the following was agreed at PPR 11:• 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 82…

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.

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) – alongside Lloyd’s Register Foundation (LRF) and Gallup – 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.