Reducing Emissions From the Shipping Sector
The EU is calling for a global approach to reducing greenhouse gas emissions from international shipping – a large and growing source of emissions. As a first step, large ships using EU ports will be from 2018 required to report their verified annual emissions and other relevant information. Maritime transport emits around 1000 million tonnes of CO2 annually and is responsible for about 2.5% of global greenhouse gas emissions.
Vancouver: Housing the Homeless in Old Shipping Containers
The City of Vancouver has issued a request for proposal for a company to build and install up to 300 shipping container-sized modular housing units to temporarily house the homeless, repots CBC News. Providing temporary living spaces in shipping containers or other portable housing units is part of the latest plan to tackle homelessness in Vancouver Mayor Gregor Robertson's city. “Previous units that…
Qatargas, Maersk, Shell in LNG Marine Fuel Partnership
Three heavy weights have come together in the Middle East to promote LNG as marine fuel in the region - Qatargas, the Maersk Group and Royal Dutch Shell Plc signing a memorandum of understanding to explore future opportunities. All three have pledged to look at ways to develop new markets for using LNG as propulsion fuel. The MOU envisages Qatargas 4, a joint venture between Qatar Petroleum and Shell…
India's First Nuclear Submarine INS Arihant is Ready
India's first nuclear armed submarine INS Arihant is now ready for full fledged operations, according to Navy sources. It has passed several deep sea diving drills as well as weapons launch tests over the past five months. According to a report in Economic Times, the indigenously-built boat is now fully-operational and over the past few months, several weapon tests have taken place in secrecy that have proven the capabilities of the vessel.
CWR Launches Shipping Efficiency Advisory Board
Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation…
NOL Nets 4Q US$77 mln loss
NOL Group today reported a 4Q 2015 net loss of US$77 million, an improvement of US$8 million over 4Q 2014. The Group posted a Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss of US$65 million in the quarter. Its Core EBITDA remained positive at US$39 million. On a full year basis, NOL posted a net profit of US$707 million. Excluding a one-time US$888 million gain on the sale of its logistics unit…
Ecoslops Issues €5.5 Mln Bonds for Growth
Ecoslops, the first company to develop a technology to sustainably produce marine fuels from refined marine oil residues (‘slops’), has announced the successful issuance of ORNANE convertible bonds for the nominal value of €5.5 million. Following the commercial validation of its first micro-refining plant in the Port of Sinès, Portugal, the additional capital will be used to accelerate the development of new projects…
Results of CIC on Enclosed Space Performance Satisfactory
PSCO’s in the Tokyo MoU and Paris MoU regions have performed a joint Concentrated Inspection Campaign (CIC) on Crew Familiarization for Enclosed Space Entry from 1 September through 30 November 2015. In general the results of the CIC indicate that the subject of Enclosed Space Entry is taken seriously by the industry. The CIC did not lead to an increase in the rate of detentions however the actual compliance, shown in drills, could be better. 7.9% of drills were found to be unsatisfactory.
Incat Crowther Delivers Dive Cruise Vessel
Incat Crowther informed about the delivery of the 33m Catamaran Dive Cruise Vessel, Evolution. Built by Marine Engineering Consultants on Queensland’s Gold Coast, Evolution was recently delivered to Down Under Dive, whereupon it has become the benchmark for customer experience on the Great Barrier Reef. Designed from the ground up to provide a sleek and modern feature-packed vessel, Evolution blends motor yacht style with commercial vessel efficiency and ruggedness.
Industry Award for Simrad Structurescan 3D Sonar
Simrad StructureScan 3D sonar imaging has won the National Marine Manufacturers Association (NMMA) Innovation Award in the Consumer Electronics category at the 2016 Miami International Boat Show. Following the success of the Simrad NSO evo2 multifunction display in 2014, and Simrad ForwardScan sonar in 2015, this is the third consecutive NMMA innovation win at the Miami show for the brand. Simrad HALO…
China May be Installing Radar in South China Sea
Satellite images show China may be installing a high-frequency radar system in the Spratly Islands that could significantly boost its ability control the disputed South China Sea, a U.S.
EWP Buys 400,000 T/Y Coal
Korea East-West Power Co Ltd bought a total of 400,000 tonnes of Australian and Indonesian coal per year for shipment between April and May via two term tenders closed on Feb.
Insurance Worries May Cancel Japan's Iran Oil Liftings
Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government…
Baltic Index Inches up on Handy Size Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, helped by steady demand for smaller shipping vessels.
Svensen retires from DNV GL
Tor E. Svensen, Group Executive Vice President at DNV GL, has decided to retire effective from August 1, 2016. Svensen is a ubiquitous figure in maritime circles, and he will continue to work in the maritime industry and will, amongst other things, take up a role as professor at the University of Strathclyde in Glasgow, focusing on education and research related to safety at sea. Svensen’s career at DNV GL spanned more than 20years and saw him lead the Maritime Business for more than a decade.
Tanker Freight Rates Could Weaken in 2016
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Four major factors led to the big leap in tanker earnings in 2015: strong growth in oil trade, sluggish expansion of the fleet, a sharp increase in floating storage and lower bunker prices.
Migrant Rescue: IMRF To Support Aegean Services
The International Maritime Rescue Federation (IMRF) is to strengthen the capacity and effectiveness of the Hellenic Rescue Team (HRT), an IMRF member organization which is constantly rescuing migrants in the Aegean Sea. The IMRF will do this with the support of European maritime search and rescue (SAR) organizations who are also IMRF members. Following a temporary drop in the number of people trying to reach the Greek islands by sea in November…
Clean Ships: Knowledge is the Key
In the wake of new regulations, Wilhelmsen Ships Services (WSS) says bulk owners and operators must pay as much attention to the products used to clean their cargo holds as the holds themselves. WSS is urging firms to heed details included in the revised MARPOL Annex V Resolution MEPC.201(62), relating to the International Convention for the Prevention of Pollution from Ships, which came into force on January 1, 2016.
Offshore Wind: Seajacks Scylla Ready to Roll
Gibdock was selected for the afloat mobilization of Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built. Following delivery to Seajacks by Samsung Heavy Industries at the end of 2015, Scylla was discharged to Gibraltar waters from the heavylift transporter Osprey before being towed into Gibdock for reactivation works at the yard’s South Mole. Seajacks Scylla completed…
Maritime Cybersecurity: What Next?
The maritime community is no more immune from cyber threats than any other entity that relies on computers and the internet. The maritime industry, though, constitutes…