Assurance News

US Secretary of the Interior Deb Haaland has announced that the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the U.S. Outer Continental Shelf. The final rule increases certainty and reduces the costs associated with the deployment of offshore wind projects by modernizing regulations, streamlining overly complex processes and removing unnecessary ones…

The Maritime International Advisory Panel (IAP) held its third annual meeting on April 16, 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonization, green financing, digitalization and cybersecurity.Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry.

Classification society DNV presented Australian green technology, energy and metals company Fortescue with class and statutory certificates for its dual-fueled ammonia-powered vessel Green Pioneer. This marked the culmination of a project that began in 2021, when DNV was engaged by Fortescue to work on the feasibility study and 'Fuel ready (Ammonia)' notation for the vessel’s conversion. DNV's Technology Qualification process provided the framework for the qualification and assurance of the engine modifications, where industry rules were yet to be developed.

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…

ClassNK has carried out a regular reshuffle of its full-time executives, underlining its commitment to charting the maritime industry’s shift through a period of significant transformation. President & CEO Hiroaki Sakashita and Senior Executive Vice President (SEVP) Junichiro Iida continue in their current roles, while Executive Vice President (EVP) Hayato Suga is promoted to SEVP. Additionally, Dr. Toshiro Arima, Masaki Matsunaga, and Dr. Yoshiya Yamaguchi have been appointed as new EVPs.In his remarks…

German shipowners' group VDR on Tuesday urged the Berlin government to provide legislation implementing European Union requirements to include the sector in the bloc's carbon trading system.The government is behind in transforming an EU agreement late in 2022 to require shipowners to buy EU carbon permits to trigger investment in greener technologies, into national legislation, VDR said at its annual press conference."For us, the cornerstone of our operations is not only planning certainty but also the assurance of uniform competitive conditions on an international scale…

Officials dedicated two new Port of Long Beach fireboat stations that are enhancing the Long Beach Fire Department’s waterside and landside emergency response capabilities, better safeguarding visiting ships, cargo and waterfront workers.The facilities – Fireboat Station 15 and Fireboat Station 20 – are the products of a $109 million Port of Long Beach program to preserve business continuity, security and economic interests. With an anticipated lifespan of 50 years, both stations…

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO, including its…

DESMI has secured third-party validation for the effectiveness of its aquaculture UV treatment systems from DNV.This development moves beyond the traditional certification provided by the Norwegian Veterinarian Institute (NVI) which verifies UV doses of at least 25 mJ/cm2. With many aquaculture operations requiring higher UV doses, typically ranging from 70 to 200 mJ/cm2, DESMI says its validation from DNV provides a much-needed layer of credibility and assurance.Historically…

BIMCO, Bangladesh, India, Norway, Pakistan and the ICS have submitted a paper ahead of the 81st Marine Environment Protection Committee (MEPC) meeting on March 18-22 that highlights the need to resolve possible conflicts between the Hong Kong Convention and the Basel Convention.The Hong Kong Convention will enter into force on June 26, 2025, and the co-signatories of the paper ask for clarification and assurance that shipowners and parties operating in compliance with the Hong…

Swedish shipping company Stena Bulk has expanded its fleet with new long-term charter agreements for four newbuild eco Medium Range (MR) tankers.Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025.Two further eco MR tankers, Stena Contender and Stena Concept, will follow in 2026. All vessels are set to use the South Korean yard’s latest 8th generation MR tanker design, which has been recognized for its excellent efficiency performance.The tankers will feature efficient fuel consumption systems…

DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new major changes reflect the changing nature of the offshore industry in line with its support of the energy transition, ensuring that the standard remains relevant and supports the development of cost-effective marine operations during a fast-evolving energy transition.DNV…

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen's Houthis, sources said.Attacks by the Iran-aligned Houthis since November have slowed trade between Asia and Europe and alarmed major powers. The Houthis say they are acting in solidarity with Palestinians as Israel's war against Hamas militants in Gaza…

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.“There 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. Mercifully…

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.Additionally…

Provaris Energy has engaged DNV for the review and approval of its H2Neo carrier's proprietary hydrogen cargo containment system.Prototype tank construction and testing remains on track to commence in Q1 CY2024 with completion expected by the end of Q2 CY2024. Additional parties involved in the work program located in Norway include Prodtex for construction and SINTEF for prototype testing and reporting.Construction will include the use of two laser welding robots, one material handling robot, and a scalable, custom hydraulic jig that will be employed during construction.

Frank Manning has quickly risen through the ranks during his eight years in the shipyard business, today serving as president and COO at Diversified Marine, Inc. (DMI) in Portland, Ore. Crucial along the way has been a passion for the business itself and the people that make it all possible.“The first day I walked in a shipyard I knew that I was in the right industry,” Manning said. “DMI has always been a relationship-based business. All of our customers are close friends, and we have relationships that are second to none,” he said.

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…

The Xeneta Summit has heard the ocean freight shipping industry will find new ways of working together in the face of a volatile market.Stanley Smulders, Director of Marketing & Commercial at Ocean Network Express (ONE), took part in a keynote Q&A with Xeneta CEO Patrik Berglund during the Summit in Amsterdam this week to discuss the major challenges facing the industry.While there are rough seas ahead, Smulders maintains growth is still on the horizon.He said: “The current market is at best volatile…

The Board of Directors of Wallem Group have announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period of transition will leave in January 2024.The Wallem Board has appointed John Rowley to succeed him, with effect from January 1, 2024. Rowley is currently Senior Vice President Global Food and Transportation Divisions at NSF, prior to which he was CEO SAI Global Assurance following eight years on the executive team at the Lloyd's Register Group…

British Prime Minister Rishi Sunak is deploying two Royal Navy ships and surveillance aircraft to the eastern Mediterranean to support Israel and reinforce regional stability, his Downing Street office said on Thursday.The military package, which includes P8 surveillance planes, other surveillance assets, two auxiliary ships, three Merlin helicopters and a company of Royal Marines, will be on standby in the region to provide "practical support to Israel ...

Independent energy expert and assurance provider DNV and Light Structures AS, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, have signed a Memorandum of Understanding (MoU) to cooperate on the development of new methodologies and solutions at the intersection of structural health monitoring and digital twin functionalities.

Digitalization in the maritime industry continues to grow. Technology is constantly evolving, providing organizations with new ways to transform and manage their operations with adoption of technology creating first-mover advantage and future relevancy, and positivity impacting margins. The offshore services industry has been a major driver in the trend towards utilization of remote inspection and monitoring technology for Inspection, Repair, and Maintenance (IRM) of critical assets and infrastructure.