China's Shandong Starts Releasing Oil Stranded at Ports after Inspections, Sources Say
China's Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this week between officials and refiners.The easing of curbs placed on China's top oil importing province in mid-April will help free up inflows of heavy crude from Venezuela and Iran, they said. In a meeting hosted by the Shandong government on Tuesday between customs officials and independent refiners…
Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit
Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday.The vessel and the FSO were developed by the company along with Malaysia's state-run oil company Petronas and Shanghai Merchant Ship Design and Research Institute…
Italian Cable Giant Ups Emission Reduction Targets for the Near Term
Italy's Prysmian has adopted a net zero carbon target by 2050 and slightly upped its emission reduction targets for the near term, the world's largest cable maker said on Wednesday.Prysmian - which supplies cables for industries including high voltage power transmission, offshore wind farms and telecoms - said in a statement it was committed to reducing all greenhouse gas (GHG) emissions throughout the value chain by 2050.As part of this plan…
China's Coal Seaborne Imports Surge 73%
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen, Chief Shipping Analyst at BIMCO.The Chinese government target for domestic coal production is 4.6 billion tonnes in 2025, which is 2.5% higher than in 2022.
VIDEO: Coast Guard Medevacs Cruise Ship Passenger with 'Severe Blood Loss'
The U.S. Coast Guard medevaced a 53-year-old man from a cruise ship Sunday approximately 230 miles south of New Orleans, Louisiana.Coast Guard District Eight watchstanders received a call at approximately 3:30 p.m. Sunday from the crew of the cruise ship Voyager of the Seas requesting a medevac for a passenger aboard experiencing severe loss of blood.Watchstanders diverted a Coast Guard Air Station…
LNG Bunker Carrier Paolina Cosulich Launched
Fratelli Cosulich Bunkers (S) Pte Ltd. christened and launched its second Small Scale LNG carrier - the Paolina Cosulich - at the CIMC SOE shipyard in China.The event was attended by Diana Mok - Managing Director at Fratelli Cosulich Bunkers (S) Pte Ltd, acting as the godmother of the vessel. Paolina Cosulich will sail under the Italian flag with Captain Vincenzo Scotto at the helm. The 5,300 DWT vessel can carry 8…
Keel Laying for Future USNS Point Loma (EPF 15)
Austal USA celebrated the official start of construction of the future USNS Point Loma (EPF 15) with a keel laying ceremony in its Mobile, Ala. shipyard. Ship sponsor Mrs. Elizabeth Asher, with the assistance of Perry Sullivan, a 17-year Austal USA veteran A-class welder, authenticated the keel by welding her initials into a keel plate that will be welded to the hull of the ship.The future USNS Point…
Panama Pledges to Purge More Substandard Ships from World's Largest Registry
The Panama Maritime Authority (AMP) said on Tuesday it would continue to clean up its fleet to prevent substandard Panama-flagged ships from being detained in foreign ports, a week after the country was added to an international watch list.Panama's ships registry was last week added to the "grey list" of the Paris Memorandum of Understanding (MOU), an agreement among 27 countries establishing an international inspection regime for foreign ships in other nations' ports…
Engine Air Compression System Boosts Fuel Efficiency 3-6%
NYK will install a variable compression ratio system (VCR system) on two large LNG-fueled coal carriers to be built at Oshima Shipbuilding. The vessels are scheduled to be delivered by the end of 2025, and NYK reports this will be the first time for VCR systems to be installed on vessels, including existing vessels that use heavy fuel oil as their main fuel.The VCR system can adjust the air compression…
Wärtsilä, Qtagg Launch Retrofit Solution for Marine Engine Governor System
Finland-based marine technology firm Wärtsila said Wednesday it had launched an innovative retrofit solution for its marine engine governor system in collaboration with Swedish marine green tech company Qtagg. The solution is designed to extend the lifespan of a ship’s propulsion control system, while simultaneously enhancing the vessel’s overall efficiency.Wartsila's Wärtsilä Automation, Navigation…
INEOS Ventures into LNG Carrier Market with MOL Charter Deal
Japan's Mitsui O.S.K. Lines,(MOL) has signed a long-term agreement with INEOS Energy Trading, a subsidiary of UK-based INEOS Group Ltd., for the charter of two newbuild LNG carriers. This marks INEOS' entry into the LNG carrier market, and INEOS will use the vessel for the import of LNG into Germany from the United States. "These agreements are a significant milestone for INEOS Energy Trading following…
Scorpio Tankers Wins $1 Billion Credit for New Vessels
Scorpio Tankers has received commitments from a group of financial institutions for a previously announced $1.0 billion term loan and revolving credit facility.The…
LR Releases Recommendations for Ammonia-Fueled Vessels
A joint study into ammonia safety onboard ships undertaken by the Lloyd’s Register (LR) Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), has found that a range of mitigation methods, from ship design to crew training and operations, are required to keep toxicity risks to crew within published tolerable limits.‘Recommendations for Design and Operation…
Concerns Over Anti-Piracy Efforts Raised at UN Security Council
While piracy in the Gulf of Guinea has been declining since 2021, concerns have been raised about staffing, equipment and finance needed to continue anti-piracy efforts in the region.There are several challenges holding back the full operationalization of the Yaoundé Architecture, said Martha Ama Akyaa Pobee, Assistant Secretary-General for Africa, Department of Political and Peacebuilding Affairs - Department of Peace Operations at the United Nations…
Titan Announces Public Affairs Team Changes
Ship repair services provider Titan has announced that Frank Collins will join the company as Senior Vice President, Government and Public Affairs.Collins will replace long-time Vigor Senior Vice President of Public Affairs, Jill Mackie, who has announced her retirement effective the end of June. Additionally, Benton Strong was recently named Director of Public Affairs, responsible for all communications…
Specialist Training Provider Joins the Methanol Institute
The Methanol Institute has welcomed multi-disciplinary methanol consultancy GREEN MARINE as its latest member. The Denmark-headquartered company has recently finalised a specialist training program for crew onboard methanol dual-fuel vessels.A recent report commissioned by the Maritime Just Transition Task Force Secretariat predicts a rise in the number of seafarers needing training on alternative fuel technologies in the 2040s to between 310…
Wärtsilä to Convert Stena Line Ferries to Methanol Fuel
Wärtsilä has been contracted by Swedish ferry operator Stena Line to convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The full scope of the supply package will include fuel tank instrumentation and valves, transfer pumps, low pressure pump skid…
AiP for Aurelia's Bulk Carrier "Green Retrofit" Solution
RINA awarded an Approval in Principle (AiP) for a green retrofit package solution designed by Aurelia, in partnership with Econowind, Wattlab and Vertom, aimed to meet CO2 reduction targets in compliance with CII. The retrofit package can be applied to almost any kind of vessel and incorporates rigid sails, solar panels, batteries, optimized weather-routing, and a smart decision support system developed…
VSM Campaigns for Ramp-up of German Maritime Industry
With a number of evolving maritime business opportunities intermixed with geo-political headwinds, VSM, which represents the interests of the German maritime industry as a whole, launched a campaign aimed at the federal government and the EU to understand and support the tremendous growth potential for all things maritime in Germany.According to a press notice from VSM, the tasks are enormous: economical and clean merchant ships…
Naviris, Eurosam -MOU for Horizon Frigate Upgrades
During the recent Paris Air Show, representatives of France and Italy signed a Memorandum of Understanding on the Mid-Life Upgrade (MLU) of the four Horizon frigates of the Italian and French Navies.
