Ship Recycling Market Outlook Increasingly Positive
Cash buyer GMS notes that despite incoming president Trump’s announcement of applying sweeping tariffs to the tune of 25% on China, Mexico and Canada, the U.S. economy continues to firm as U.S. inflation drops to (globally) fantastic levels and the US Dollar strengthens against nearly all ship recycling nation currencies this week.The news of the ceasefire between Israel and Hezbollah ceasefire eased tensions around trade routes…
Australian Police Make Record Cocaine Bust
Eleven men and two juveniles have been charged following an investigation into a transnational organized crime syndicate accused of conspiring to import 2.34 tonnes of cocaine into Australia by sea.This is the largest ever seizure of cocaine in Australia. The cocaine had an estimated street value of about A$760 million ($494 million) with the potential to equate to 11.7 million individual street deals…
New Method Enables Biofuel Fingerprinting in an Hour
The Global Centre for Maritime Decarbonization (GCMD) has introduced a new technique that creates a fingerprint for Fatty Acid Methyl Esters (FAME) biofuels that can identify the origins of the fuel's feedstock.The shipping industry is increasingly using biofuels, such as FAME, to reduce its GHG emissions. However, concerns have arisen regarding the legitimacy of biofuels and whether they are truly sustainable.
Series of Human Errors Led to HMNZS Manawanui Grounding
HMNZS Manawanui grounded and sunk off the coast of Samoa as a result of human error, an interim Court of Inquiry report shows.The Royal New Zealand Navy ship grounded on a reef on the southern side of Samoa, on October 5, 2024, while conducting survey operations.Chief of Navy Rear Admiral Garin Golding stood up a Court of Inquiry following the incident. “The direct cause of the grounding has been determined…
Maersk Names Newest Vessel After Founder
A.P. Moller - Maersk has named its newest dual-fuel methanol container vessel A.P. Møller in honor of Arnold Peter Møller, the founder of A.P. Moller – Maersk.The newbuild is the ninth vessel in Maersk’s fleet capable of operating on methanol.A.P. Møller is part of a series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. Built at Hyundai Heavy Industries in Ulsan, South Korea…
IACS Updates Unified Requirement on Crankcase Explosions
As the industry shifts towards alternative fuels in response to environmental regulations and sustainability goals, the safety risks associated with these fuels cannot be overlooked, says the International Association of Classification Societies (IACS). Crankcase explosions, a critical hazard in engine operation, becomes even more concerning in the context of gas and low flashpoint fuels. IACS has therefore published the latest edition of Unified Requirement (UR) M10…
SunStone’s Seventh Infinity-Class Ship Launched
SunStone Maritime Group has launched its latest expedition cruise vessel, Douglas Mawson, at China Merchants Heavy Industry.With a capacity up to 170 passengers and 102 crew, the vessel features advanced safety systems, energy-efficient operations and eco-friendly technologies designed to minimize environmental impact.Built with Ulstein’s revolutionary X-Bow® design, the vessel is IceClass 1A and Polar Class 6…
Panama Cancels More Sanctioned Ships
The Panama Maritime Authority has initiated the expedited cancellation of six Panamanian vessels included in the UK Sanctions List – Consolidated List of Financial Sanctions Targets in the UK.The six ships were added to the UK list on November 25.“The State has the responsibility to guarantee the well-being of the Panamanian Registry, free of international sanctions and of vessels linked to or included in sanctions lists that may affect the prestige of the flag.
