Nominated News

Greek shipping company Carras (Hellas) has received the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify.The notation is assigned to vessels that use a biofuel blend of up to and including 30% biofuel in compliance with IMO and ABS requirements.Biofuels are liquid hydrocarbon fuels with similar composition and properties to fuel oil, but they are produced from renewable sources such as crops, agricultural and forestry waste…

One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one of the biggest importers of Russian crude and fuel since 2022, after the West imposed sanctions on Moscow for the invasion of Ukraine. Russia responded by re-routing oil away from Europe and the U.S. to Asia, Turkey and Africa.Global Terminal Services' (GTS)…

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…

Merja Kallio-Mannila has been appointed as Head of Group Sales, Customer Service and Marketing as of January 1, 2024. Kallio-Mannila also continues as the Head of Sales and Customer Service Finland.Kallio-Mannila has been a member of Finnlines’ Executive Committee since January 2022. She joined Finnlines in 2001 and has since then held several key management positions, most recently as a Deputy Head of Group Sales, Customer Service and Marketing. She succeeds Staffan Herlin, who…

Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company.The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan.Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment for Cadeler and the entire offshore wind industry. We offer our partners and clients access to the strongest and most skilled team and the industry's largest, most flexible, most diverse, and modern fleet of windfarm installation vessels.

The 2023 IMO Award for Exceptional Bravery at Sea has been presented to Caleb Halle, Aviation Survival Technician Second Class (AST2) of the United States Coast Guard (USCG). He was recognized for the outstanding courage, endurance and determination he showed during the rescue of the seven-strong crew of the tugboat Legacy in January 2023.AST2 Halle, based at the Coast Guard Air Station Atlantic City, received the award at the annual IMO Awards Ceremony in London. The ceremony…

The three crew members of the SL Diamantina, who saved 21 lives and averted an environmental disaster in July 2022, have received an Exceptional Bravery at Sea commendation from the IMO.The Australian Maritime Safety Authority (AMSA) nominated Brad Lucas (Master), Alex Alsop (Deckhand), and Marius Fenger (Engineer), for their extraordinary efforts in saving the lives of the crew on board the MV Portland Bay and preventing an environmental disaster on the shores of the world’s second oldest national park…

The Supervisory Board of Van Oord intends to nominate Govert van Oord as the new CEO of Van Oord. The formal appointment will take place at Van Oord's Annual General Meeting of Shareholders on April 11, 2024.The Board is pleased to be able to transfer the leadership of the family business from the 4th to the 5th generation Van Oord family.Govert van Oord has been with Van Oord since 2002 and has worked for the company in the Middle East, Spain and Brazil, among others. He is currently responsible for the Dredging & Infra Business Unit as Managing Director.

Cadeler A/S and Eneti Inc., two offshore wind turbine and foundation installation companies, have announced the commencement of a share exchange offer for all the outstanding shares of common stock of Eneti.The offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The offer is expected to close within Q4 2023.The combined group will be named Cadeler, and be headquartered in Copenhagen, Denmark, with its shares to be listed on the New York…

The International Maritime Rescue Federation (IMRF) has announced the winners of this year’s IMRF Awards, which recognize all those involved in global maritime search and rescue (SAR) efforts.The IMRF Awards acknowledge those that have shown excellence in their field, developed innovative technology and equipment, or acted as a role model to inspire others. The awards also shine a light on those colleagues who offer the tireless support, training, and planning that enables SAR crews to do what they do…

President Joe Biden on Friday nominated Admiral Lisa Franchetti to lead the Navy, an historic step that would break a gender barrier in the U.S. military by making her the first woman to command the service and to become a member of the Joint Chiefs of Staff.The decision by Biden is a surprise. Pentagon officials had widely expected the nomination to go to Admiral Samuel Paparo, who leads the Navy in the Pacific and who has experience grappling with the growing challenge from China.Still…

Germany's Anneliese Jost has been selected as the recipient of the International Maritime Prize for 2022, the the International Maritime Organization (IMO) announced. The decision was made by the IMO Council at its 129th session, being held July 17-21, after Jost was nominated for the award by the Government of the Federal Republic of Germany.In its statement supporting her nomination for the prize, Germany cited Jost's "crucial contribution towards achieving the objectives of IMO…

The Singapore Shipping Association (SSA) announced its president Caroline Yang has been reelected for another two-year term.In addition, seven ordinary members of the SSA were first elected during the association’s 27th AGM on June 28. The 2023/2025 council also co-opted four members into their council. There are two more members that the elected council will need to co-opt into the council.Yang has been at the helm of the association through some of shipping’s most challenging times.

Offshore wind turbine and foundation installation companies Cadeler and Eneti announced they have agreed to merge through a stock-for-stock exchange.The combined company will be named Cadeler, headquartered in Copenhagen, Denmark, with its shares to be listed on the New York Stock Exchange (NYSE) in addition to its current listing on the Oslo Stock Exchange (OSE) with a proforma market capitalization in excess of €1.2 billion. The combined group will operate four vessels on water today and six large-scale state-of-the-art new builds scheduled for delivery from 2024 to 2026.

Belgian tanker operator Euronav announced Tuesday that its CEO Hugo De Stoop is stepping down after nearly two decades with the company, including four years as CEO.Euronav said its CFO Lieve Logghe will serve as interim CEO as the company searches for a new CEO. Lieve, who joined the group in 2020, will also continue in her role as CFO.De Stoop will remain available to Euronav as a senior advisor until his permanent successor is appointed, the company said.De Stoop joined Euronav…

Seven IMO Member States have nominated a candidate for the post of Secretary-General of the IMO in what could be a win for diversity in maritime.Three of the seven are women, and if elected, Nancy Karigithu of Kenya would also be the first African to hold the post. The other female nominees are Dr. Cleopatra Doumbia-Henry (Dominica) and Minna Kivimäki (Finland).They are joined by nominees Moin Uddin Ahmed (Bangladesh), Suat Hayri Aka (Türkiye), Arsenio Antonio Dominguez Velasco (Panama) and Zhang Xiaojie (China).The term of the current incumbent…

The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development.Klein will take over for the current head of the Bureau of Ocean Energy Management, Amanda Lefton, who has resigned from the post effective Jan.

The UK Hydrographic Office (UKHO) confirmed the appointment of Marion Leslie as Non-Executive Chair. Leslie will chair the UKHO Board in this independent position after a year as interim Non-Executive Chair and six years as a Non-Executive Director at the UKHO.The Board supports, challenges and validates the UKHO business strategy and oversees the organization's performance. Leslie leads the Board as Chair, acting in the interests of the Ministry of Defense and key stakeholders…

WTW has launched CyNav for Ports and Terminals, a cyber solution specifically designed to help address the escalating cyber risks faced by owners and operators in this strategically vital sector of the global maritime supply chain. The release of CyNav for Ports and Terminals is a direct response to growing calls from operators for a bespoke product that addresses the specific risks faced by their high-value asset class and closes the gaps found in the standard cyber policies of today’s insurance market.Due to the outsized role its practitioners play in supporting the global economy…

A ship financier’s primary security is the mortgaged ship. If the ship becomes a total loss, the mortgage will provide no valuable security, leaving the financier to rely on its rights as assignee and loss payee (and occasionally as co-assured) under the shipowner’s marine insurance policies. However, the owner’s insurers may decline a claim, for example on grounds of breach of warranty or material non-disclosure, or because the loss is not covered by the policy, such as where the owner scuttles the mortgaged ship.

As a rudderless U.S. Navy debates maritime strategy, fleet futures and platform performance, America’s naval shipbuilding industry can look forward to another year of relative stasis.Barring a major geopolitical incident or unexpected maritime provocation, government shipbuilding isn’t going to change course. With Admiral Michael Gilday approaching the final “lame duck” year of his four-year term as Chief of Naval Operations and the 2024 election season looming, the prospect for major changes in the Navy’s demand signal seems limited.Aside from the U.S.

The outgoing Director of the IMO International Maritime Law Institute (IMLI), Professor David Joseph Attard, has been selected by the IMO Council to be the recipient of the International Maritime Prize for 2021. Professor Attard was nominated for the award by the Republic of Malta. In the nomination, the impact that Professor Attard has had on the maritime world, particularly via his three-decade-long role at IMLI was highlighted. The Maltese national was responsible for proposing, in 1987, together with the late Dr.

U.S. Transportation Secretary Pete Buttigieg this week announced the appointment of 25 new members to the Maritime Transportation System National Advisory Committee (MTSNAC). The MTSNAC Charter will advise the Secretary, through the Maritime Administration (MARAD) Administrator, on ways to identify and address impediments hindering the effective use of short sea transportation. The MTSNAC’s counsel comes as the Biden-Harris Administration takes aim at tackling inflation and reducing the cost of goods in the country…