MPA Singapore and LR Sign âSilk Allianceâ MoU
Lloydâs Register Maritime Decarbonisation Hub and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy for âThe Silk Allianceâ cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.The collaboration includes driving investments into scalable fuelâŠ
WinGD CEO to Step Down
The current CEO of WinGD, Klaus Heim, will step down from his role effective July 31, 2023.The Board of Directors has appointed Dominik Schneiter as the Acting CEO, effective July 1, 2023. Schneiter brings over three decades of industry experience to the role, having served as WinGD's VP of Research and Development for the last seven years.âI am honoured to be entrusted with the responsibility of leading WinGD as we navigate the evolving landscape of the shipping industry,â said Schneiter.
Methanol Beats LNG in June Newbuilding Orders
According to the latest figures from DNVâs Alternative Fuels Insight (AFI) platform, 55 vessels with alternative fuel propulsion were ordered in June.Of these 26 were orders for LNG fuelled vessels and 29 for methanol powered vessels (including retrofits). So far this year the total order figure for alternative fuel vessels stands at 128. The container segment continues to be the main driver of growthâŠ
HD Hyundai Begins Construction of Engine Factory in Saudi Arabia
A joint venture between HD Korea Shipbuilding & Offshore Engineering, Saudi Arabian Development and Saudi Arabian Industrial Investments has held a groundbreaking ceremony for an engine factory in Saudi Arabia.The engine plant will be built in an area of 150,000 square meters in the King Salman Global Maritime Industries Complex in Ras Al-Khair near Jubail, a city in the eastern province of Saudi Arabia.
Baltic Index Hits Multi-week Low on Retreat for Larger Vessels
The Baltic Exchange's main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 24 points, or 2.3%, to 1,044 - its lowest level since June 8. The capesize index dipped 50 points, or 3%, to 1,601, declining for the seventh straight session.
RH Marine to Provide Technology for New ASW Frigate Quartet Destined for Dutch, Belgian Navies
Damen Naval, a naval shipbuilding division of the Dutch Damen Shipyards Group, has signed a contract with the first Dutch supplier for the four new Anti-Submarine Warfare (ASW) Frigates to be built for the Dutch and Belgian Navies. Netherlands-based RH Marine will supply the Integrated Mission Management System (IMMS), the Integrated Navigation Bridge System (INBS), and the Integrated Platform Management System (IPMS) for each of the four frigates for the Dutch and Belgian Navies.
Russia's Seaborne Diesel Exports Rise in June as Maintenance Eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tonnes as seasonal refineries maintenance eased, data from traders and Refinitiv Eikon showed.
NYK Joins Global Centre for Maritime Decarbonization
The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) have announced the signing of a five-year Strategic Partnership agreement.The partnership boosts the center's efforts to conduct pilots and trials of low-carbon solutions for the global shipping industry.Japan is one of the top three shipowning countries in the world, and Japanese merchant vessels account for around 11% of world tonnage.
