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Maritime Propulsion Choices Begin with Fuel, End with Politics
The maritime industryās elusive quest to achieve so-called āzeroā emissions continues. Where it ends is not a one-size-fits-all discussion.The year-end maritime industry discussions tend to move away from global influence and back drift to national and domestic debates. As this happens, a positioning of a relatively small group of American owners and operators prepare for the upcoming business year and markets.
MSC 109 Advances Autonomous Ship Code
The Maritime Safety Committee met for its 109th session at IMO Headquarters in London from December 2 to 6, 2024. The outcomes include:Amendments to mandatory IGC and IGF Codes adoptedThe Committee adopted amendments to Chapter 16 of the IGC Code, related to the use as fuel of cargoes identified as toxic products, in the context of alternative fuels and new technologies. The amendments are expected to enter into force on July 1, 2026.
Panamanian-flag Tanker Rescues 73 in Dramatic Ops
The Panamanian-flagged tanker Nestos (IMO 9417464) played a pivotal role in a search and rescue mission, coordinated with the Greek Coast Guard, to save a distressed vessel.As reported by the Designated Person Ashore (DPA), the Nestos responded immediately to the call from Greek authorities, exemplifying exceptional readiness and unwavering commitment to maritime safety.Through the swift and skilled actions of its crew, 73 individuals were successfully rescued.
BOEM Finalizes Offshore Wind Fisheries Mitigation Guidance
The US Bureau of Ocean Energy Management (BOEM) has finalized guidance aimed at mitigating the impacts of offshore wind energy projects on commercial and for-hire recreational fisheries.It provides a national framework for addressing social and economic impacts on the fishing industry and establishes clear processes for the offshore wind industry to address potential disruptions to fisheries. It ensures consistency and promotes fair treatment of fishermenā¦
Recyclers See Jump in Aging Bulkers
Nearly all recycling nation currencies reported dips this week, reports cash buyer GMS, with the Bangladeshi Taka taking the largest slice of the weekās depreciation pie.Even the Baltic Shipping Index has been reporting an overall downward trend in nearly all sectors, which has caused dry bulk markets to close another week with a near 6% decline.āAs forecasted in weeks prior and based on the trajectory of charter rates through the tail end of 2024 and even thus far in 2025ā¦
QatarEnergy Inaugurates Four New LNG Vessels in Korea
QatarEnergy has inaugurated four new conventional-size LNG vessels built in Samsung Heavy Industries and Hanwha Ocean shipyards in the Republic of Korea as part of its historic fleet expansion program.The four new vessels - Idāasah, Nuaijah, Umm Swayyah, and Lebrethah - are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the historyā¦
Ship Brokers: EU's clean fuel rules 'Inflationary'
European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuelsā¦
Shandong Port Group Bans 'US-designated' Vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said.The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17% of China's imports, ship tracking data from Kpler showed.If enforcedā¦
Austal Philippines Delivers 32 Meter CAT Ferry to Rottnest
Austal Philippines has delivered a 32-meter catamaran to Rottnest Fast Ferries, less than twelve months after commencing construction in Balamban, Cebu.The vessel, named āOcean Masterā, designed by Incat Crowther, was officially accepted by representatives from Rottnest Fast Ferries following the successful completion of sea trials in November 2024.President of Austal Asia, Wayne Murray said the deliveryā¦
Global OTEC Presents OTEC Power Module for Remote Offshore Platforms
Ocean energy company Global OTEC unveiled the OTEC Power Module concept, a system that employs ocean thermal energy conversion (OTEC) technology to provide clean power for remote offshore platforms and wells.Designed as an alternative to traditional long subsea tiebacks, the OTEC Power Module could provide clean baseload electricity and flow assurance services without the need for cables and hydraulicsā¦
Tanco adds $8.2 million to IA Port Investments
Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977.The company stores and performs value-added services for liquid cargoes, from petroleum to food-grade oils.As part of the expansion, Tanco is adding a sixth rail loading trackā¦
US Port Strike Averted
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group, in a joint statementā¦
Nordic Shipholding Sells Its Final Three Tankers
Ailing Danish shipowner Nordic Shipholding is one step closer to closing its doors after announcing the sale of its final three tankers. The company revealed onā¦
DB Schenker to Launch Un-Crewed Coastal Container Feeder in Norway
Supply chain management and logistics solutions firm DB Schenker plans to build a fully-electric, zero-emission, un-crewed coastal container feeder to serve the route between Ikornnes quay and the Port of Ålesund in Norway. DB Schenker, and its cooperation partners, the furniture giant Ekornes and vessel designers Naval Dynamics, in addition to KONGSBERG and Massterly, aim to replace the traditionalā¦
Maritime Safety: ACR, Ocean Signal Develop New EPIRB with Integrated AIS
ACR Electronics and Ocean Signal announced the development of next generation EPIRBs.Introducing integrated AIS (Automatic Identification System) within their EPIRBs for the first time in conjunction with further new technology, ACR and Ocean Signal will launch the advanced beacons this year ahead of the enforcement of new updated IMO (International Maritime Organization) Maritime Safety Committeeā¦
BOEM and NOAA Announce Joint Strategy for Fisheries Surveys
The Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration (NOAA) Fisheries will work together to address potential impacts of offshore wind energy development on NOAA Fisheriesā scientific surveys, which help to manage the United Statesās fisheries.For 150 years, the NOAAās scientists have collected survey data that form the basis of the science-based management of Americaās federal fisheriesā¦
Abu Dhabi's Mugharraq Port Recognized as International Port Facility
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region, can now receive international and local vessels including container feeders, bulk and break-bulk carriers, mobile offshore drilling unitsā¦
Esgian Week 40 Report: TotalEnergies Sanctions New Development
Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospectā¦
VIDEO: 'Historic Moment' as Seabed Nodules Collected and Lifted to Production Vessel Using 4 km Riser
The Metals Company (TMC) said Wednesday it had collected an initial batch of seafloor polymetallic nodules, and transported them up a 4km-long riser system to the surface in the Clarion Clipperton Zone of the Pacific Ocean.TMC, the explorer of what it says is the worldās largest estimated undeveloped source of critical battery metals, said the move was a historic one, representing the first integratedā¦
The Technology Pathways that Lead to Fuel Cells
In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution ābackboneā that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.A string of deliveries reported this week demonstrate that steps are being taken along this pathway for a range ofā¦
