University Of London News

Singaporean shipbuilding group Seatrium announced it has appointed Adrian Teng as Chief Financial Officer (CFO), effective January 1, 2024.Teng brings over two decades of diverse international experience in strategy, finance, restructuring, operations and corporate management across developed and emerging markets. Prior to his current appointment, Teng was Group Chief Financial Officer and Chief Operating Officer of Clifford Capital Holdings, with responsibilities in finance, treasury…

The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.Launched at the Global Maritime Forum's annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the pipeline would cover just a quarter of the fuel needed by 2030. And the delivery of zero-emission vessels is also faltering. At the end of 2022, there were 24 ships capable of running on SZEF, mostly methanol, with another 144 on order.

Search teams detected underwater sounds while scanning the North Atlantic for a tourist submersible that vanished with five people aboard during a deep-sea voyage to the century-old wreck of the Titanic, the U.S. Coast Guard said early on Wednesday.The detection of the sounds by Canadian aircraft on Tuesday, day three of the search, was reported by the Coast Guard as the clock ticked down to the last 24 hours of the missing craft's presumed oxygen supply.Robotic undersea search operations were diverted to the area where the sounds seemed to originate…

Rescuers were in a race against time to find a missing submersible on Tuesday, two days after it lost communication while taking wealthy tourists to see the wreckage of the Titanic in deep waters off Canada's coast.One pilot and four passengers were on board the submersible that disappeared on Sunday. The operating company said it had the capacity to stay underwater for up to 96 hours - giving those aboard until early on Thursday before air ran out.U.S. Coast Guard Rear Admiral…

Wilhelmsen Ship Management has appointed Felina Lin as its new Vice President of Services and New Growth.Responsible for growing the company's ship management’s service portfolio, Lin  will launch conventional and innovative services that supplement Wilhelmsen Ship Management's core business, the company said.Lin brings in over a decade of commercial experience from her role working in ship owner and ship manager for the offshore and marine segment. Having a full spectrum of all dimensions…

Catriona Savage, BMT’s Technical Assurance and Capability Director, has been names President of the Royal Institution of Naval Architects (RINA). She is the organization's first woman President.Savage, who is Honorary Professor at University College London Mechanical Engineering Department, takes over the RINA Presidency from Maurizio d’Amico who has served the institution over the last two years.Commenting on her presidency and vision for the future, Savage said, "I have been a member of RINA for over 25 years since I joined as a student at Southampton University.

BMT welcomed Catriona Savage to the role of Technical Assurance Director, responsible for its global technical authority. She re-joins BMT from a role as the Chair in Naval Architecture and an Honorary Professor at University College London. Previously, she was the Technical Director for BMT’s UK defense business.The Technical Assurance Director is a key leadership role and one that directly supports the successful delivery of business to BMT’s customers across all territories.

Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.The report - the fourth in a series commissioned by the IMO - said shipping's share of global CO2 emissions increased to 2.89% in 2018 from 2.76% in 2012, when the last study period ended.CO2 emissions grew to 1,056 m

A U.K. startup tracking fuel-use performance in aviation will look to apply its product in the maritime sector in an effort to improve the environmental record of the shipping industry.One of 10 winners of MarRI-UK funding, Signol and its academic partners at University College London’s Energy Institute have been awarded a total of £130,000 ($162,200) for STEAM (Sustainability Through Efficient Actions in Maritime), a project looking to directly change the behavior of ships’ crews…

Inmarsat Maritime President Ronald Spithout says providing crews with enhanced levels of connectivity and support is critical at this unprecedented time, and offers an insight into the work already underway with welfare organizations to assist seafarers in need.Given Inmarsat’s position as the leading provider of maritime VSAT and L-Band services at sea, it is hardly surprising that we have been alert to the direct connection between coronavirus and surging demand for crew voice call and data services.

With the signing by the France-based international lender to global shipping BNP Paribas and the Swiss multinational investment bank Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international shipping – about 30% of the total global ship finance portfolio.Poseidon Principles is a global framework for responsible ship finance which helps incentivize shipping’s decarbonization.They establish a common framework to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with climate goals set by the International Maritime Organization (IMO), a specialized…

At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.U.N. shipping agency, the International Maritime Organization (IMO), aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050…

A new ground-breaking study by University College London (UCL) Energy Institute, Imperial College and the University of Oxford shows how satellite tracking could be used to monitor compliance with the upcoming IMO 0.5% sulfur emission regulations and Emission Control Areas (ECA).Research conducted by their own researchers, UCL Energy and the University of Oxford and published today in Geophysical Research Letters, has unveiled discoveries that appear important on many levels for they describe the impact of shipping emissions on the climate: because fossil fuel emission particles from ships affect the air including by releasing sulfur…

On September 24, 2019, the Board of Directors of PAO Sovcomflot elected Sergey Frank as its new Chairman. Igor Tonkovidov was appointed as the company's new Chief Executive Officer. Both appointments are with immediate effect.The meeting was attended by Maxim Akimov, Deputy Prime Minister of Russia, who noted in his address: "Through consistent implementation of Sovcomflot's Strategies 2005-2011 and 2012-2018, the company has transformed itself into a global leader in energy shipping and offshore services. Over the past 15 years, Sovcomflot fleet has grown more than threefold.

Navios Maritime Containers L.P. (NASDAQ: NMCI) appointed Erifili Tsironi as Chief Financial Officer of Navios Containers. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018 and as Chief Financial Officer of Navios Maritime Midstream Partners L.P. from its inception in 2014 until December 2018.She has more than 17 years of experience in banking focusing on ship finance. Before joining Navios Maritime Midstream Partners L.P., she was Global Dry Bulk Sector Coordinator and Senior Vice President at DVB Bank SE. Mrs.

Malta-based IMO International Maritime Law Institute (IMLI) informed that 2019 academic year marks its 30th anniversary.According to International Maritime Organization (IMO), a special to celebrate the occasion was held at IMO Headquarters (25 June).Malta's Prime Minister, Joseph Muscat, spoke of his country's continuing commitment to hosting such an important global institution, while IMO Secretary-General Kitack Lim highlighted IMLI's firm commitment to achieving the Sustainable Development Goals.IMLI's overall mission is to help build the legal capacity among IMO member states, particularly developing states, to fulfill their obligations under IMO treaties.

It has been ten years since the U.S. Salvage and Marine Firefighting Regulations were published: Is it time for a reassessment of the U.S. marine salvage posture?In 1982, the National Research Council’s Committee on the National Salvage Posture prepared a study entitled, “Marine Salvage in the United States.” The goal of the report was “to assess the present national posture for coping with ship rescue salvage and towing situations for time-critical offshore salvage in general.”…

The Vessel Technology Assessment System Project (VTAS Project) has finished its development stage and is set to go live.The UK-based design, engineering and risk management consultancy firm BMT, in collaboration with Black & Veatch, created VTAS for the Energy Technologies Institute (ETI) in the UK. Watson Farley & Williams (WFW) is the advisor of the project.The VTAS Project ran from 1 January 2018 to 31 March 2019 and brought together the combined maritime and engineering consultancy expertise of BMT and Black & Veatch to inform the commercial maritime industry of the benefits of investing in and promoting fuel efficient technologies.The £1.8m initiative was funded by the ETI…

A consortium, led by Bowman Power Group Ltd has created a new, marine-capable system designed to increase engine efficiency and reduce emissions.According to Bowman, the timing of this technology couldn't be better, coming just months after the International Maritime Organization (IMO) reached an agreement to cut carbon emissions from the global shipping industry by at least half by 2050.The project was part-funded by Innovate UK, the UK’s innovation agency, and a leading research and innovation hub.

IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 years, as the industry races to meet a number of challenges…

A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…

Marine coatings increasingly are center stage, not simply to maintain the integrity of vessels, but as a means to make ship ops more efficient and environmentally benign. Maritime Reporter had questons, and two executives – Andreas Glud of Hempel A/S and Michael Hindmarsh of AkzoNobel and – offered answers. What are the drivers for coatings development in the coming five years? Glud The drive to optimize operational efficiency will continue to drive customer demand in the coming years.

A call by the shipping industry  for governments to compromise on ambition ahead of key UN discussions to reduce maritime emissions actually abandons the goals of the Paris agreement, sustainable transport group Transport & Environment (T&E) has said. It was referring to a statement from International Chamber of Shipping. The International Maritime Organisation (IMO) meets from 3-13 April to adopt an initial greenhouse gas (GHG) strategy for the shipping sector. Faig Abbasov, shipping officer with T&E, said: “The April negotiations are the last chance for the member states of the IMO and the shipping sector to respond to the Paris agreement’s goal of global warming not exceeding 1.5ºC.