Report Examines News

A new report published by Lloyd's Register Foundation highlights opportunities to make the number of seafarers more sustainable by investing in Africa's emerging talent and supporting women in maritime roles.The report, "Deep dive on seafarer sustainability: Supporting the opportunity for Africa and women to create a sustainable supply of seafarers for the future," was carried out by the World Maritime University. The report examines entry barriers for careers in maritime, many…

Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s progress on the green energy transition.Released at the ABS Sustainability Summit during London International Shipping Week, the report examines in depth the carbon, ammonia and hydrogen value chains. It concludes that the industry will need to accelerate investment in carbon capture technology…

Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.According to a new report released by Intelatus Global Partners, close to 30,000 increasingly large turbines and foundations will be installed…

The potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains, are explored in-depth in the latest support for the industry’s decarbonization ambitions from ABS.The groundbreaking analysis is at the heart of the fourth edition of the ABS Setting the Course to Low Carbon Shipping series, as well as insights on the industry’s progress to low- and zero-carbon operations.“We are in the early innings…

As of the end of January 2022, there were over 45 projects in development representing a $136 billion capital expenditure and $4.4 billion annual OPEX opportunity that are forecast to be brought on stream within this and early in the next decade.What a difference a year makes. This time last year there was still some uncertainty around the federal offshore wind permitting process, the timing of offshore wind projects and certainty for the supply chain.At the beginning of 2022 the situation is more positive.

As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade. Almost all of the current fleet of international wind turbine installation vessels will be technically redundant as installation vessels by 2025 as a consequence of the rapidly growing wind turbine sizes, greater water depths and increase in foundation size.

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025.These are the findings shared in a recent floating production outlook report produced by International Maritime Associates (IMA) and World Energy Reports (WER).The 100+ page…

Offshore lifting hoists and chains solutions provider William Hackett has published an industry report aiming to help minimize the risk of Hydrogen Embrittlement (HE) and Stress Induced Corrosion Cracking (SICC). The report includes guidance on material choices used in topside and subsea lifts.Ben Burgess, Director of William Hackett Lifting Products, said, “There is a real concern across industry regarding the impact of HE and SICC on chains and links used in lift and hoist projects across offshore environments.”Peer-reviewed by a number of organizations and authorities…

The cruise industry has certainly been among businesses hardest hit by the economic impacts of COVID-19. But the industry-rocking fallout extends well beyond the cruise lines themselves, extending through cities throughout Florida where canceled sailings are resulting in loss of revenue to public ports, government at all levels, and private companies that do business with cruise lines.These conclusions are contained in the latest Fact Finding 30 report that was released today by Fact Finding Officer Commissioner Louis E. Sola, of the Federal Maritime Commission.

A new study, ‘A quiet revolution - the maritime innovation ecosystem in Japan’, explores the commitments to Internet of Things (IoT)-based ship and crew management already made by corporate Japan, then goes on to offer unique insights into the country’s emerging start-up culture.The report, sponsored by Inmarsat is the first in a series of in-depth profiles into maritime technology and start-ups in specific countries. It builds on ‘Trade 2.0: How start-ups are driving the next generation of maritime trade’…

The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in electricity grids and Governments take the right approach to maritime spatial planning, said a report.According to the WindEurope report examines where 450 GW of offshore wind could be deployed most cost-effectively around Europe, bearing in mind there is only 20 GW today. 450 GW of offshore wind is part of a European Commission scenario to deliver climate neutrality by 2050.The report is a remit from the Energy Ministers of the 10 ‘North Seas’ countries who coordinate their work on offshore wind with each other and the Commission.The report concludes that 212 GW should be deployed in the North Sea…

A global movement of companies taking ambitious climate action aligned with limiting global temperature rise to 1.5°C is emerging, states a new report released by the United Nations Global Compact, DNV GL, and Sustainia on the sidelines of the UN Climate Action Summit.87 companies, with a total market capitalization of over US$ 2.3 trillion and annual direct emissions equivalent to 73 coal-fired power plants, have joined the “Business Ambition for 1.5°C — Our Only Future” campaign. The companies have promised to scale up their climate ambitions by setting science-based targets aligned with limiting global temperature rise to 1.5°C above pre-industrial levels.The report…

Sweden is a role model for the global shipping community, and other countries have a great deal to learn from the work being done by the Swedish shipping industry to reduce emissions. This is one of the findings in a new report – Decarbonising Maritime Transport: The Case of Sweden – where efforts aimed at bringing about a greener shipping sector in Sweden are described as a “success story”. OECD’s International Transport Forum (ITF) published a new report –  Decarbonising Maritime Transport: The Case of Sweden. The report examines the various elements which it is stated have put Swedish shipping firmly at the forefront environmentally. “We are extremely proud that Swedish shipping has been highlighted in this way by such an eminent organisation.

The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5,000+ drilled-but-uncompleted shale wells in the U.S. ready to be fracked and likelihood that producers will cheat on output quotas. As we discuss in the report, the output cut could stimulate deepwater orders – but with a time lag. We also assess whether Hoegh and Maran’s orders for seven speculative FSRUs (two firm…

RMS has published a new report examining the current state of cargo modeling in the marine market, and providing a new cargo-specific approach to the assessment of vulnerability and port accumulation. The report “Marine Cargo Catastrophe Modeling: Navigating the Challenges, Charting the Opportunities” precedes the May 2016 launch of the RMS Marine Cargo Model, the industry’s first marine cargo and specie risk model. In the last four years, records have been broken twice for total insured marine losses—first for Hurricane Sandy in 2012 at $3 billion, then the explosions at Tianjin last year, reported to be $5-6 billion. While these two events have underscored the need for the industry to a develop a much deeper understanding of the risks…

U.S. Maritime Administrator Paul “Chip” Jaenichen and Long Beach Vice Mayor Suja Lowenthal today hosted the third of 11 nationwide regional forums on the Beyond Traffic draft framework at Long Beach Convention Center. The Beyond Traffic report examines the trends and choices facing America’s transportation infrastructure over the next three decades, including a rapidly growing population, increasing freight volume, demographic shifts in rural and urban areas and a transportation system facing more frequent extreme weather events.

As offshore field developments in the North and Norwegian Seas face maturity, operators on the Norwegian Continental Shelf (NCS) are looking to the more remote areas of the Barents Sea for further development. Here harsher environmental conditions, prolonged periods of darkness and long distances to shore make evacuation and rescue of personnel on Arctic offshore installations more challenging. A new DNV GL report examines the feasibility of emergency preparedness solutions and calls for the industry to collaborate on new response concepts.

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that the report now also includes forecasts for Bangladesh, Israel, Mozambique, Republic of Congo and Sudan & South Sudan. Through to 2020 and utilizing a proprietary methodology, DWD&P provides data analysis on 58 key countries, offering near-total coverage of global onshore and offshore hydrocarbon production. Based on detailed models, the report examines each country in turn and includes a summary of hydrocarbon potential and sensitized production outlook, with associated development drilling requirements segmented into oil & gas for the onshore sector and shallow vs.

NOAA presented to the U.S. Coast Guard today a new report that finds that 36 sunken vessels scattered across the U.S. seafloor could pose an oil pollution threat to the nation’s coastal marine resources. Of those, 17 were recommended for further assessment and potential removal of both fuel oil and oil cargo. The sunken vessels are a legacy of more than a century of U.S. commerce and warfare. They include a barge lost in rough seas in 1936; two motor-powered ships that sank in separate collisions in 1947 and 1952; and a tanker that exploded and sank in 1984.

Global law firm White & Case LLP announced the availability of a new report, "Restructuring & Beyond: The marine industry's routes to safety." The report focuses on survival strategies for those affected by the industry's downturn as well as emerging opportunities for companies, banks and investors. "Market equilibrium remains out of balance, and risks remain for the maritime sector," said Christopher Frampton, Partner and Global Head of the Asset Finance Practice of White & Case. "We have seen some contraction in the bank market. This, together with continued demand for capital, presents opportunities for alternate sources of finance.

In a new report, the US Government Accountability Office (GAO) states that the Navy faces technical, design, and construction challenges to completing 'Gerald R. Ford' (CVN 78) that have led to significant cost increases and reduced the likelihood that a fully functional ship will be delivered on time. The Navy has achieved mixed progress to date developing CVN 78's critical technologies, such as a system intended to more effectively launch aircraft from the ship. In an effort to meet required installation dates aboard CVN 78…

The NGO Shipbreaking Platform, a global coalition of human rights, labor rights and environmental organizations working to prevent dangerous and dirty ship recycling practices worldwide, has made available a report titled Case study: Dutch banking groups and shipbreaking on its website. This is the English version of a report initially published by the Dutch consultancy Profundo, on behalf of the Eerlijke Bankwijzer (Fair Bank Guide), an initiative that aims at providing information to the public on how banks invest their funds, and FNV Mondiaal, a trade union organization.

Following the loss of the container vessel MOL Comfort on June 17, 2013, ClassNK established a special Casualty Investigation Team in order to investigate and determine the cause of the casualty. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) further established a Committee on Large Container Ship Safety to develop measures to ensure the safety of large container vessels on August 29, 2013. ClassNK serves as a member of the Committee and the ClassNK Casualty Investigation Team is actively involved in its deliberative and investigative work.