Collaboration Crucial for Decarbonization -MSC CEO
The CEO of container shipping giant MSC highlighted the importance of working together to achieve net decarbonization in a digital keynote speech at DNV’s ‘Fuel of the Future Conference’ on January 11, as part of the annual Nor-Shipping convention.In his speech, Soren Toft explained MSC’s views on the status of decarbonization in the container shipping sector, summarized how the company is approaching…
New Zealand Water Ship Unloads in Tonga
Life-saving water supplies from a New Zealand navy ship were distributed across Tonga's main island on Friday, as other countries battled the logistics of delivering aid to one of the world's remotest communities.Six days after the South Pacific archipelago was devastated by a volcanic eruption and tsunami that deposited a blanket of ash and polluted its water sources, the HMNZS Aotearoa docked in the capital…
Royal Dutch No More: Shell Officially Changes Name
Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain."Shell announced the Board's decision to change its name to Shell plc on December 20, 2021. This change has now taken effect," Shell said in a filing.The London and Amsterdam stock exchanges will reflect the name change on Jan.
Peru Oil Spill Declared an Environmental Emergency
Peruvian President Pedro Castillo declared an environmental emergency on Thursday as clean-up teams struggled to contain a huge oil spill at the country's biggest refinery, after rogue waves rocked a ship unloading crude there.The spill, blamed on unusual swells caused by a volcanic eruption thousands of miles away in Tonga on Sunday, has dirtied waters and beaches along Peru's Pacific coast, with dead birds and seals washing up on shore."We are at a critical moment in environmental matters…
How a Russian-Ukraine Conflict Might Hit Global Markets
A potential invasion of Ukraine by neighboring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe have assets.Below are four charts showing where a potential escalation of tensions could be felt across global markets:Safe havensInflation at multi-decade highs and impending interest rate rises have made for a bad month for bond markets, but an outright Russia-Ukraine conflict could change that.Two-year U.S.
Pete Davidson and Colin Jost Buy Decommissioned Staten Island Ferry
An out-of-service Staten Island Ferry vessel has reportedly been purchased by Saturday Night Live stars Pete Davidson and Colin Jost.The Staten Island natives bought the decommissioned 277-foot ferry John F. Kennedy at auction in partnership with Manhattan real estate broker and comedy club owner Paul Italia, the New York Post reported.“The idea is to turn the space into a live entertainment event space…
ABS Withdraws Certification for Two Oil Tankers Over Iran Sanctions
Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy…
A Greener and More Ambitious EU Maritime ETS Emerges
On January 14, 2022 the European Parliament’s Rapporteur, MEP Peter Liese, published his draft report on a proposal to revise the Emissions Trading System (ETS) Directive¹ which forms part of the ‘Fit for 55’ package of climate and energy reforms published on July 14, 2021. The draft report includes a number of ambitious amendments to emissions trading for the maritime sector – the Maritime ETS – which…
KSOE & HHI Receive AIP for BV Cyber Managed Prepared Notation
Bureau Veritas (BV) has delivered an approval in principle (AIP) for BV’s ‘Cyber Managed Prepared’ notation to Hyundai Heavy Industries Co., Ltd. (HHI) and Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) for its vessel design.The maritime industry is growing ever more connected, with the majority of newbuild vessels today being built with integrated digital systems on board. While this increased…
Shipbuilding: ESG Completes New Aluminum Superstructure Fabrication, Assembly Hall
Eastern Shipbuilding Group, Inc. (ESG) complted a new $5-million aluminum superstructure fabrication and assembly hall at its Nelson Street Shipyard, an infrastructure project to support multi-hull production for the U.S. Coast Guard’s (USCG) Offshore Patrol Cutter (OPC) program, on which ESG is the prime contractor. The aluminum fabrication facility, with its crane capacity and hook height, along…
Norside to Convert Platform Supplier into Offshore Wind W2W Vessel
Norwegian shipowning company Norside has taken ownership of Blue Ship Invest’s platform supply vessel ‘Farland’ and will convert it into a walk-to-work vessel for the offshore wind industry."The PX121 design by Ulstein has once more proven to be a preferred design for conversions into new segments, and 'Farland' is about to transfer from the offshore oil & gas industry to the offshore wind industry…
