Yara Plans World’s First Ammonia-Powered Container Ship
Yara Clean Ammonia, North Sea Container Line, and Yara International have joined forces to realize the world's first container ship that will use clean ammonia as fuel. Named Yara Eyde, the vessel will be the first to sail emission-free sea route between Norway and Germany.Yara Eyde will operate between Oslo, Porsgrunn, Hamburg and Bremerhaven, so that from 2026, Norwegian companies can trade their products emissions-free in and out of Norway. Yara International is participating as cargo-owner.
MPA and IACS Collaborate on Maritime Initiatives
The Maritime and Port Authority of Singapore (MPA) and the International Association of Classification Societies (IACS) have signed a Letter of Intent (LOI) to collaborate on various maritime digitalization and decarbonization initiatives.The LOI was signed by Teo Eng Dih, Chief Executive of MPA, and Nick Brown, Council Chairman of IACS, at the sidelines of the 33rd session of the IMO Assembly in London this week.Under the LOI…
Arsenio Dominguez Velasco Confirmed as Next IMO Secretary-General
Arsenio Antonio Dominguez Velasco has been confirmed as the next Secretary-General of the IMO. The IMO Assembly unanimously approved the decision of the Council at its 129th session on November 30.Dominguez Velasco will take up the office of Secretary-General on January 1, 2024, for an initial term of four years. He becomes the Organization's 10th elected Secretary-General.The outgoing Secretary-General, Kitack Lim, congratulated his successor on his appointment.
Phase II of IMO’s Maritime Technology Cooperation Centre Project Announced
The IMO and the European Commission (EC) have announced a second phase of the Global Maritime Technology Cooperation Centres Network (GMN) project, with funding from the EU.The aim of the second phase is to upscale the work of the five regional centres, with a particular emphasis on pilot demonstrations aimed at achieving quantifiable reductions in GHG emissions.The GMN Phase II project follows the successful Phase I which established the five Maritime Technology Cooperation Centres (MTCCs)…
EBDG Power Barge to Feature Wärtsilä Dual-fuel Methanol Engine
Wärtsilä announced it is teaming up with Elliott Bay Design Group (EBDG) to advance EBDG’s Clean Harbor Alternative Mobile Power (CHAMP) Barge design.This partnership introduces a cost-effective solution to reduce emissions from large vessels in situations where traditional shore power is not available and features Wärtsilä's dual fuel methanol engine technology, the partners said.The floating mobile platform offers a power range of 6 to 16 Megawatts, utilizing green methanol as its source.
Maritime Just Transition Task Force Plans Seafarer Skills Update
A new training project will prepare seafarers for zero or near-zero emission ships, helping the global shipping industry decarbonize and ensure a just transition for seafarers.Research commissioned by the Maritime Just Transition Task Force identified that 800,000 seafarers may require additional training by the mid-2030s to operate vessels run on zero or near zero emission fuels.The training framework…
Maritime and Port Authority of Singapore Joins the Maritime Technologies Forum
The Maritime and Port Authority of Singapore has joined as an associate member, bringing regulatory and technological expertise to further support MTF’s objectives.Today, the Maritime Technologies Forum (MTF), whose founding members include ABS, DNV, Lloyd’s Register, ClassNK, Japan’s Maritime Bureau, Ministry of Land, Infrastructure, Transport and Tourism, the Norwegian Maritime Authority and the U.K.’s Maritime and Coastguard Agency…
IMO and Korea Agree to Boost SMART-C Program
The IMO and the Republic of Korea have signed a suite of agreements to formally establish and boost the IMO-Republic of Korea Sustainable Maritime Transport Cooperation (SMART-C) program.The goal of the KRW 25.5 billion (approximately $20 million) SMART-C program is to promote sustainable maritime transport systems and a sustainable marine environment by building knowledge and developing technical…
bp's Search for New CEO to Extend into Next Year
bp's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on.The oil company has been in turmoil since Looney's resignation in September, company sources told Reuters, and the share price has…
Russia's Novorossiisk Resumes Oil Loadings
Russia's Novorossiisk port resumed oil loadings after a severe storm on Thursday, two sources familiar with the port's operations told Reuters.The loadings started as the weather conditions improved after the storm had suspended exports since last week, one of the sources said.The nearby Caspian Pipeline Consortium (CPC) terminal, a main export route for Kazakhstan's crude oil, said on Thursday it had also resumed oil loadings.(Reuters - Reporting by Reuters; Editing by Kirsten Donovan)
Baltic Dry Bulk Index Doubles in November
The Baltic Exchange's dry bulk sea freight index .BADI gained for the sixth consecutive session on Thursday, more than doubling in November to hit an one-and-a-half year peak helped by mounting supply of tonnage and cargo demand.The overall index .BADI, which factors in rates for capesize, panamax, supramax shipping vessels, was up 241 points or 8.9% at 2,937.
New York Launches Offshore Wind Solicitation
New York released a new offshore wind solicitation on Thursday to keep the state on track to meet its renewable energy goals and support a nascent industry that has faced financial trouble in recent months.Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030. It is also a pillar of President Joe Biden's plan to decarbonize the U.S.
US Ferry Services to Receive New Funds Through Bipartisan Infrastructure Law
The U.S. Department of Transportation’s Federal Transit Administration (FTA) on Thursday announced grants totaling $220.2 million from President Biden’s Bipartisan Infrastructure Law to modernize the nation’s ferry systems. The program focuses in part on expanding ferry service in rural communities, helping communities acquire modern ferry boats (including electric boats that reduce carbon pollution)…
Dredge Construction Booming in Competitive US Market
A dredge building boom that has been underway in the United States for several years is still going strong as the market remains highly completive for solid project workloads in both the public and private sectors.According The Mike Hooks Report, an analysis of the FY22 U.S. federal dredging market compiled in September 2023 by Michael Gerhardt, senior director of government affairs at Mike Hooks, LLC, 52 Jones Act dredging companies were awarded federal dredging contracts in FY2022.
Bureau Veritas Unveils Rules for Hydrogen-fueled Ships
Bureau Veritas (BV) has launched its first classification Rules for hydrogen-fueled ships (NR678) to support the safe development of hydrogen propulsion in the maritime sector.The rules outline technical requirements for the safe bunkering, storage, preparation, distribution, and use of hydrogen as fuel for power generation on board. Monitoring and control systems are also covered, addressing specific safety challenges relating to the transport and use of hydrogen on ships…
FINLAND: ‘A Birthplace for Icebreakers’
Finnish companies have designed about 80 percent of the world’s icebreakers, and about 60 percent of them have been built by Finnish shipyards.Finland is home to a strong and vibrant maritime cluster, with a mix of large, medium and small shipyards, as well as a deep pool of marine engineering expertise and a broad network of vessel equipment suppliers.As one of the world’s northernmost countries,…
Back to the Drawing Board: Max Planck’s Maxim
The physicist Max Planck (actually born as Marx Planck) is best known for the development of his universal constant that defines physics at the most basic level. It is an important number, and today it even defines the kilogram and therefore most engineering units. Regardless, in my daily life I have little use for it.Max Planks is less known for his Principle, which, to me, is much more useful and I encounter it almost on a daily basis.
Xeneta Data Points to "Brutal" 2024 for Ocean Freight Carriers
Latest data from Xeneta suggests 2024 could be even more brutal than expected for carriers in the ocean freight shipping market, as the Xeneta Shipping Index (XSI), which tracks real-time developments in global long-term contracted rates, today stands at 158.5 points, which is 62.3% lower than November 2022.“The XSI is an average of all long term contracts on the market – so in essence the global index…
Ørsted Secures Korean Offshore Wind License
Ørsted has secured approval for a 1.6 GW Electricity Business License from the Ministry of Trade, Industry and Energy of the Republic of Korea.The license grants Ørsted exclusive development rights for a gigawatt-scale offshore wind project 70 kilometers off the coast of Incheon City, Korea. The project has the potential to support Incheon City’s net-zero target with a capacity to provide renewable…
Bay-Houston Towing Orders New Tugs from Sterling Shipyard
Bay-Houston Towing has inked a deal with Port Neches, Texas shipbuilder Sterling Shipyard to build multiple new tugs to serve the Texas Gulf Coast region.The new vessels will be Robert Allan Ltd. designed RAstar 3200-W ASD ship handling and escort tugs for berthing/unberthing large ships and providing escort and emergency response in exposed coastal areas with demanding sea states.“The addition of…
