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Stakeholders Respond to MEPC 83 Outcome
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for large ocean-going ships over 5…
ABL Group Co-Founder Phil Lenox Rejoins in Marine Operations Role
ABL Group co-founder and offshore energy and marine professional Phil Lenox joins Longitude as global director of its marine operations engineering business line.Longitude, the design and engineering arm of ABL Group, has been providing marine operations engineering, design, and analysis services since its inception in 2006. Its offering supports offshore oil and gas, maritime, offshore wind, and other marine renewable technologies.
At Least Seven Die After Migrant Boat Sinks Off Greek Island
At least seven migrants died, including one boy, one girl and two women, when their boat sank on Thursday (April 3) off the Greek island of Lesbos, Greece's coastguard said.The boat was detected by a patrolling coastguard vessel at about 2 a.m. local time (2300 GMT on Wednesday) north of Lesbos.So far 23 migrants have been rescued and a search and rescue operation was still ongoing, a coastguard official said.
BIMCO: Freight Container Rates Drop 28%, Worst First Quarter in Twenty Years
Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input from twenty-three liner operators, the China Containerized Freight Index (CCFI) reflects the general export freight rate level from ten major ports.The 28% fall reduced the CCFI from 1,548 at the beginning of the year to 1…
NYK President Says US Tariffs Will Slow Cargo Flows
Nippon Yusen (NYK), Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said."The tariffs are not directly borne by consumers, but the burden ultimately falls on them, which in turn reduces the actual flow of goods. That's our biggest concern," President…
New Report Outlines Roadmap to Tackle Seafarer Shortages
A new report published by Lloyd's Register Foundation highlights opportunities to make the number of seafarers more sustainable by investing in Africa's emerging talent and supporting women in maritime roles.The report, "Deep dive on seafarer sustainability: Supporting the opportunity for Africa and women to create a sustainable supply of seafarers for the future," was carried out by the World Maritime University.
Fugro’s Geophysical Survey Vessel Brought Safely to Port
Dutch geological data specialist Fugro, has reported that its Fugro Mercator vessel, which run aground off Italy, has been safely towed to a shipyard for inspection.The 42-meter long geophysical survey vessel had run aground on the north coast of Elba on March 22.With no injuries to people and no harm to the environment, Fugro is thankful that the impact of the incident has remained limited.The vessel will now be fully inspected at the shipyard.
IMO's Credibility Put to the Test
The IMO will reconvene in London on March 31 and April 1, for a crucial two-day Intersessional Working Group on Greenhouse Gas (ISWG-GHG 19) meeting. The meeting sets the stage for a decision on a GHG pricing mechanism by the Marine Environment Protection Committee 83 (MEPC 83) on April 7-11 on the future of shipping’s climate responsibility.The 6PAC+ alliance, a group of Pacific, African and Caribbean States…
Production of e-Ammonia in Developing Countries Bears Double Costs, Study Shows
A new study released by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies, even when renewable energy resources such as onshore wind and solar are superior. The report, "The Cost of Capital Challenge in Delivering a Just and Equitable Transition for Shipping…
Six DOF Vessels Set to Sail to Africa for Multi-Million Dollar Subsea Job
Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa.Under the contract, DOF will deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures.DOF will also install a floating production unit on behalf of the client…
DOF Hooks FPSO Installation Job Off Africa
Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa.DOF will deliver project management, engineering, logistical services and offshore execution.The contract value has been deemed ‘significant’ by DOF, which means its value is between $15 million and $25 million.To carry out the installation duties…
Livestock Carrier Delay Sparks Concern Over Continuing Trade
Ethical Farming Ireland and several other NGOs have sent an open letter to the European Commission and Commissioner for Health and Animal Welfare, Olivér Várhelyi, after the breakdown at sea of the livestock carrier Express M.The Express M departed Romania for Haifa on February 22 with 2,400 cattle and 460 sheep on board. Ethical Farming Ireland and Israel Against Live Shipments tracked the voyage.Shortly after departure…
Houthis Vow to Resume Attacks on Israeli Ships
Yemen's Houthis said on Tuesday they would resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait and the Gulf of Aden, ending a period of relative calm starting in January with the Gaza ceasefire.The Houthis had launched more than 100 attacks targeting shipping from November 2023, saying they were in solidarity with Palestinians over Israel's war with Hamas in Gaza.During that period…
Petrobras Eyes Argentina, Colombia, Africa Projects
Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the sidelines of the CERAWeek conference in Houston.She added the firm could also look for oil opportunities in Argentina…
Russia Ships Diesel to Syria on Sanctioned Vessel
Russia shipped a diesel cargo to Syria onboard a tanker under U.S. sanctions, the first known such direct supply to the Middle Eastern country in more than a decade, LSEG data showed.The final destination of the cargo is unclear. Russia has two main military installations in Syria: an air base in Hmeimim and a naval base in Tartous, integral to Russia's military reach in the Middle East and Africa.Russia's…
ProZero Tapped to Distribute Swamp Shark Drives
ProZero International, a workboat supplier in the Danish Tuco Marine Group, has been appointed as the exclusive distributor of the innovative American “Swamp Shark Drives propulsion systems” across Europe, West Africa, Kenya, and additional regions. This partnership brings a revolutionary solution to the maritime industry, particularly for operators in challenging environments such as mangrove areas…
CMA CGM: US Fees on China Vessels Would Impact All Shipping Firms
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's expansion in the shipbuilding…
NNPC, Stena Bulk and Caverton Launch new Shipping Venture
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil, refined products and LNG shipping across West Africa and cater to other oil producers and traders in the region with modern vessels.The companies did not share financial details of the deal, which was signed last week."By combining our expertise wit
Chinese Drills Upset Australia and New Zealand
New Zealand said the Chinese navy conducted a live-fire exercise in international waters near the Pacific nation on Saturday, a day after it held a similar drill between Australia and New Zealand that forced airlines to divert flights."Reporting from the New Zealand Defence Force that the Chinese naval Task Group has advised of a second window for live firing activity, on Saturday afternoon," a spokesperson…
Trump Hopes to Ship Alaskan Gas to Asia
When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S., according to two…
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Maritime Piracy
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
Drug Smuggling on Ships and Submarines: An Escalating Threat
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
