Associate News

For 15 years the Maritime Risk Symposium (MRS), an annual three-day event, has brought together government and maritime industry leaders, port representatives, international and domestic researchers and solution providers to examine current and emerging threats to maritime security. World events highlight that maritime security is increasingly at risk during the current period of great-power competition and ongoing conflicts. The active competition between nations who are not…

Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday.The cost of insuring a seven-day Red Sea voyage has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the area in November in a show of solidarity with Palestinians in Gaza.Howden said the new…

The cargo ship Dali knocked down three main truss spans, constructed with connected steel elements forming triangles, on the Francis Scott Key Bridge just seconds after crashing into one of the bridge piers early on Tuesday morning, March 26, 2024.The bridge collapse happened so fast that it left little time for the work crews on the bridge to escape. Civil engineers like me have been paying attention to this disaster, because we want to find ways to make infrastructure like these large bridges more resilient. For a bridge this large to collapse would require a catastrophic collision force.

Maritime Partners,a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced the addition of Stephen J. Bordes and Greg Chase to its executive leadership team.Bordes joins Maritime Partners as its chief financial officer, and Chase as as the firm’s chief legal officer.Bordes brings to the company more than 20 years of experience in the fields of finance and fund management. Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners…

The IMO’s MEPC 81 meeting, concluded on March 22 with progress made on several fronts but the door left open to a number of risks, including that of architecture, timing, scope of emissions, compliance and enforcement, says consultancy UMAS.A new draft for a chapter in the Annex VI of MARPOL has been initiated titled “Regulations on the IMO net-zero framework”.Whilst, this new chapter is just a framework of subheadings for now, it includes all the elements needed to adopt any of the GHG policy options currently under consideration.

The 16th Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships concluded with some progress made on the finalization of mid-term measures, and without a decisive shift in the landscape of positions and preferences.This meeting was the first convening of the IMO following the adoption of the Revised GHG Strategy in July 2023.Although it was already agreed in the Revised GHG Strategy to adopt both a GHG Fuel Standard (a mandate on GHG intensity of fuel/energy)…

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.

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…

The Lloyd’s 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 fleet…

Austal USA announced it has named Kristin Parsons as the company’s vice president human resources, responsible for the overall development and implementation of company-wide human resources policies, programs and services.“Kristin’s prior experience with Austal USA and her extensive experience as an employment attorney makes her the perfect selection to lead our Human Resources team,” said Austal USA Acting President, Michelle Kruger. “We are excited to have her join our senior…

Taylor Smith Shipyard (TSS), the oldest ship repair yard on Mauritius, has appointed Willy van Niekerk as new General Manager.van Niekerk knows the yard well and was Assistant General Manager since 2022. He has broad experience in the maritime and offshore industries, taking to sea at 14 as a school holiday job on a converted fishing vessel and deciding to study marine engineering as a result.Throughout the years, van Niekerk sailed on container ships and bulk carriers trading worldwide, becoming chief engineer in the process, before embarked on a shore based career.

An Iranian fishing vessel, Almeraj 1, was reportedly hijacked by Somali pirates in November 2023. According to media reports, the pirates demanded US$400,000 in ransom and threatened to use the Iranian ship for additional hijackings if the payment was not made.Two days later, other Somali pirates hijacked a tanker, Central Park, off the Yemeni coast. The tanker sent a distress signal during the attack. Forces from a nearby American warship captured the pirates as they tried to…

In the vast expanse of the world’s oceans, a transformation is underway.The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire country of Germany.Our research emphasises the need for immediate action. Reducing shipping emissions by 34% by 2030 is necessary to stay on course with the Paris Agreement’s 1.5°C goal. But with low-carbon fuel pipelines unlikely to be available at the necessary scale until at least the 2030s…

The Maritime and Port Authority of Singapore has joined as an associate member, bringing regulatory and technological expertise to further support MTF’s objectives.Today, the Maritime Technologies Forum (MTF), whose founding members include ABS, DNV, Lloyd’s Register, ClassNK, Japan’s Maritime Bureau, Ministry of Land, Infrastructure, Transport and Tourism, the Norwegian Maritime Authority and the U.K.’s Maritime and Coastguard Agency, welcomed the Maritime and Port Authority of Singapore (MPA) as an associate member…

A new council aiming to improve the way U.S. government does business in ship acquisition and ship maintenance convened at the Coast Guard Yard in Baltimore on Thursday.In kicking off the inaugural meeting of the Government Shipbuilders Council (GSC), Secretary of the Navy Carlos Del Toro underscored the council’s mission to address common and singular challenges among those that contract in shipbuilding; identify opportunities to leverage each organization’s resources to maximize government savings in costs…

M3 Marine (Offshore Brokers) UK Ltd (M3OBUK) – a newly established London-based broking company focusing on the offshore and renewables sectors, announced on Tuesday the appointment of Robert Day as its Managing Director.Day brings with him almost a decade of experience, having previously held the role of Associate Director and Head of Offshore at VesselsValue, where he ran the offshore desk which specialized in valuations, broking, market analysis, and business development with a focus on offshore support vessels…

ABS is joining Mencast Marine (MMPL), the Singapore University of Technology and Design (SUTD), and the National Additive Manufacturing Innovation Cluster (NAMIC) on a project to manufacture and class a 3D-printed propeller.The collaborative project builds upon a memorandum of understanding (MOU) signed by ABS and MMPL that is focused on additive manufacturing (AM), also known as 3D printing, for critical maritime components.The new initiative has an objective to 3D-print a ship propeller using Wire Arc Additive Manufacturing (WAAM) techniques with a goal to achieve high-quality…

ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk Ltd. (MOL Drybulk), Onomichi Dockyard Co., Ltd. (Onomichi Dockyard), Kawasaki Heavy Industries, Ltd. (Kawasaki), Japan Engine Corporation (J-ENG). This is the world’s first AiP certification for a ship equipped with a large low-speed two-stroke hydrogen-fueled engine as the main propulsion engine.Demonstration…

During a seven-week Arctic transit aboard the U.S. Coast Guard icebreaker USCGC Healy (WAGB 20), researchers from the Naval Postgraduate School (NPS) will study the impact of the extreme environment on crew performance and potential mitigations, as well as advanced Additive Manufacturing (AM) technologies in adverse sea conditions.The studies, which commenced with Healy’s departure from Kodiak, Alaska on Aug. 26, will be led by principal investigator Dr. Nita Shattuck, a professor in the NPS Operations Research (OR) department.

The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive, growth in actual dwt demand is limited to only 0.25% year on year.MSI’s Q3 Dry Bulk market report notes that while this quarter’s demand forecasts for 2023 is higher by one million dwt…

Pat Stoik will join insurer Ascot Group as Executive Vice President, Head of Marine, Ascot U.S., effective October 24. He will be based in New York and will report directly to Matt Kramer, Chief Executive Officer, Ascot U.S.An experienced executive in the marine industry, Stoik brings more than 35 years of senior management, underwriting, and broker experience to Ascot. Most recently, he served as Chief Risk Officer for Overhaul Group, Inc., a global leader in in-transit supply chain risk management…

North Star, a UK-based offshore vessel owner, with a growing fleet of offshore wind support vessels, has hired sustainable shipping specialist Dr Tamara Topić to lead on the implementation of its environmental, social, and corporate governance (ESG) strategy."Dr Topić brings a wealth of experience and expertise in maritime sustainability, environmental impact assessment, and corporate governance. With a PhD in sustainable shipping from Newcastle University’s Marine, Offshore and Subsea Technology department, and a M.Sc.

According to Maritime Strategies International, the unwinding of supply chain inefficiencies and rising vessel orders are expected to dampen positive deadweight demand in the dry bulk market.COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound, and while the MSI outlook on the prospects for trade volumes this year is considered positive, growth in actual dwt demand is limited to only 0.25% year on year.MSI’s Q3 Dry Bulk market report notes that while this quarter’s demand forecasts for 2023 are higher by 1m dwt…