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Tuesday, March 19, 2024
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18 Mar 2024

Panama Says Has No Knowledge of Iranian-owned Ships On Registry

© Alexander / Adobe Stock

Panama's maritime authority said on Monday it has no knowledge of ships owned by Iranians being in its registry, following concerns from U.S.

13 Mar 2024

US Meets with Panama on Iran Sanction-Evading Ships

© Valehr / Adobe Stock

The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.

06 Mar 2024

Posidonia 2024 Exhibitors Anticipate Paradigm Shift as AI Gains Traction

Source: Posidonia Exhibitions

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.


06 Mar 2024

Asyad Shipping Taps LR for ESG Strategy and Reporting

(Photo: Asyad Shipping)

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


05 Mar 2024

Predictive Tech Could Extend Tank Inspection Intervals on LNG Carriers

© Wojciech WrzesieƄ / Adobe Stock

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


25 Feb 2024

IMO Finalizes Arctic Pollution Prevention Guideline Drafts

Source: IMO

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


22 Feb 2024

MARAD Designates More Centers of Excellence for Maritime Training

© angeldibilio / Adobe Stock

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the designation of 32 Centers of Excellence (COE) for Domestic Maritime Workforce Training and Education. The designated COEs consist of 50 maritime training locations across 17 states and Guam. The designation recognizes and promotes support to post-secondary maritime training programs that prepare students for careers in the maritime industry.“Our country depends on a highly-skilled mariner workforce to strengthen both our economy and our national security,” said U.S. Transportation Secretary Pete Buttigieg.

21 Feb 2024

EST-Floattech Receives €4 Million Investment

Source: EST-Floattech

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.

21 Feb 2024

ICS Publishes Anti-Bullying Principles

© Eugene / Adobe Stock

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.

20 Feb 2024

Maritime Emissions Reduction Center Launched in Athens

© aerial-drone / Adobe Stock

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


19 Feb 2024

Potential Abolition of Danish International Ship Register Under Fire

© canaran / Adobe Stock

It is sad and worrying that the Frigast committee now proposes to scrap the Danish International Ship Register (DIS) scheme, says Danske Rederier (Danish Shipowners). The organization therefore makes a clear call to the government not to implement the proposal, as it will have major negative consequences for Danish shipping.The so-called Frigast committee published its recommendations for changes to the existing business support schemes this week. Among other things, the committee


14 Feb 2024

Fincantieri Delivers Cruise Ship Sun Princess

Sun Princess (Photo: Fincantieri)

Italian shipbuilding group Fincantieri announced it has delivered Sun Princess, the first in a series of two new liquefied natural gas (LNG ) fueled cruise ships for Princess Cruises.At about 178,000 gross tons, Sun Princess is the largest ship ever built in Italy, as well as the first LNG cruise ship ever built by Fincantieri, the shipbuilder said. The ship is also the first dual-fuel vessel powered primarily by LNG to enter the Princess fleet.Sun Princess is the first in Princess Cruises’ Sphere class. Its sister-ship is scheduled to be delivered in 2025.

12 Feb 2024

MARAD’s Title XI Changes: Good News for Offshore Wind?

© Maxim Khalansky / Adobe Stock

The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards, Title XI provides for a full faith and credit guarantee by the U.S. government. The program essentially aims to encourage U.S.

08 Feb 2024

Amogy Issued Feasibility Statement by Lloyd’s Register

(Photo: Amogy)

Ammonia power solutions company Amogy informs it has been awarded a feasibility statement by classification society Lloyd’s Register (LR).Amogy has developed an ammonia-to-electrical power system that splits, or “cracks,” liquid ammonia into its base elements of hydrogen and nitrogen, which then funnels the hydrogen into a fuel cell, generating power at five times the energy density of lithium batteries.The feasibility statement from LR serves as the official approval of Amogy’s Technology Qualification Plan (TQP)


06 Feb 2024

Lloyd’s Register Issues AiP for Estonian State Fleet’s Hydrogen Fuel-Cell Ferry

Hydrogen Fuel-Cell Fery Concept (Credit: Estonian State Fleet)

Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Estonian State Fleet for hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin.The zero-emissions ferry is to be operated between the Estonian mainland and the islands of Saaremaa and Hiiumaa, on the Virtsu-Kuivastu and Rohuküla-Heltermaa routes, which connect the Baltic nation to its two largest islands.As part of the certification, LR approved the current stage of the design process to be suitable for further design


02 Feb 2024

ICS Publishes Flag State Performance Table

© Paulrommer / Adobe Stock

A new table published by the International Chamber of Shipping (ICS) indicates continuing positive performance by the vast majority of the maritime industry's flag states.Merchant ships are required to register under a flag state, which determines the vessel's nationality and gives jurisdiction under which to operate. Flag states have the authority and responsibility to enforce regulations over vessels registered under their flag, including those relating to inspection, certification


01 Feb 2024

Cradle-to-Grave LNG Carrier Study Spotlights Crucial Role of Alternative Fuels for GHG Reduction

© moofushi / Adobe Stock

Alternative fuels, green steel and renewable energy are fundamental to greenhouse gas (GHG) emissions reduction during the life cycle of a vessel, an industry-first cradle-to-grave study on a newbuild LNG carrier has revealed.Carried out by Lloyd’s Register, Knutsen, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and HD Hyundai Heavy Industries (HHI), the analysis has highlighted the environmental output at each stage of a vessel’s life.Namely, the six-month study, which began in June 2023


30 Jan 2024

NTSB Issues Safety Alert on Personal Locator Devices for Mariners

Exemplar personal locator beacon (left) and satellite emergency notification device (center), and a personal locator beacon attached to a lifejacket (right). (Source: Bluewatersailing.com (left), Powerandmotoryacht.com (center), and Varen (right))

A new safety alert issued by the National Transportation Safety Board (NTSB) urges vessel owners and operators to provide each crewmember with a personal locator device. These devices improve a mariner’s chance of rescue during an emergency.During an emergency at sea, a mariner’s chance of survival decreases if search and rescue cannot quickly and accurately identify their location. Personal locator devices, such as personal locator beacons (PLB) or satellite emergency notification devices (SEND), can accurately pinpoint a person’s location.

26 Jan 2024

AET Names New LNG Dual-fuel VLCC

(Photo: AET)

AET, a member of the MISC Group, held a naming ceremony in Singapore for its latest liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), Eagle Veracruz.The Singapore-flagged 300,000 dwt tanker was named by Singapore’s Minister for Sustainability and the Environment (MSE) Grace Fu, who is also the Lady Sponsor of the vessel. The ceremony, which was held at the PSA Keppel Terminal, also saw attendance by Teo Eng Dih, Chief Executive of Maritime and Port Authority of Singapore (MPA) and senior officials from MSE


21 Jan 2024

Ship Recycling: Few Sales Confirmed

Source: GMS

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


15 Jan 2024

Exploring 'Future Fuels' - Methanol’s Superstorage Solution

Image courtesy SRC

Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions        â€˜Green’ methanol has the ability to one day run vessels almost emission-free, and commercial shipping increasingly investigates. Derived today principally from natural gas, methanol is nonetheless available, relatively easy to handle and predictable.

09 Jan 2024

Indian Register of Shipping Announces New Managing Director

Source: IRS

With the rapid expansion of the Indian Register of Shipping (IRS), P.K. Mishra, previously Head of Operations, has been promoted to Joint Managing Director, effective January 1, 2024.Joining as a Surveyor with IRS in 1998, Mishra rose through the ranks to become Chief Surveyor in 2023. With close to 25 years of experience in IRS and the industry handling key responsibilities, he has been an integral part of the organisation. Throughout his time in IRS, Mishra has consistently demonstrated leadership


04 Jan 2024

LR Greenlights Canadian Ship Recycling Facility’s Standards Compliance

 (Left to right) Darren Webster, Vice President, RJMI and Laura Donahue, Professional Services Manager, LR (Credit: Lloyd’s Register)

Lloyd’s Register (LR) has certified Nova Scotia recycling facility, R.J. MacIsaac (RJMI), according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.RJMI has become first Canadian facility to be issued a Statement of Compliance (SoC) to the Hong Kong Convention for international ship recycling standards, which is scheduled to enter into force in June 2025.RJMI was required to demonstrate that its environmental protection, workforce safety and emergency preparedness systems surpass the stringent conditions of the convention.

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