Maritime business news

FUEL EU COMPLIANCE POOL REACHES 200 VESSELS

FUEL EU COMPLIANCE POOL REACHES 200 VESSELS

The Van Weelde Shipping Group, owners of the dry cargo fleet managed by Orient Shipping Rotterdam (OSR), has signed a Letter of Intent (LoI) to join Ahti Pool, a FuelEU Maritime (FEM) compliance solution. Ahti Pool is clamed to provide the easiest and most...

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BIMCO ADOPTS NEW CII CHARTER CLAUSE

BIMCO ADOPTS NEW CII CHARTER CLAUSE

With the shipping industry facing an increase in new regulations from IMO and the European Union leading to increased urgency to decarbonise, BIMCO has developed a new CII Clause for Voyage Charter Parties. This latest addition to BIMCO’s portfolio of carbon clauses...

INTERCARGO STRESSES ENVIRONMENTAL COMMITMENT ON WORLD MARITIME DAY

INTERCARGO STRESSES ENVIRONMENTAL COMMITMENT ON WORLD MARITIME DAY

As the global shipping industry celebrates 2023's World Maritime Day (28 September) with its central theme of 'Marpol at 50', the International Association of Dry Cargo Shipowners (Intercargo) has stressed its commitment to the full implementation of Marpol...

‘K’ LINE OFFERS CERTIFIED CO2 SAVINGS USING BIOFUEL

‘K’ LINE OFFERS CERTIFIED CO2 SAVINGS USING BIOFUEL

Following a test operation of the Supramax bulker 'Albion Bay' using marine biofuels in 2022, Kawasaki Kisen Kaisha ('K' Line) has now established a system for certifying the amount of CO2 reduction from marine biofuels and issuing certificates. 'K' Line carried out...

EPS SIGNS COOPERATION AGREEMENT ON CO2 MONITORING

EPS SIGNS COOPERATION AGREEMENT ON CO2 MONITORING

Eastern Pacific Shipping (EPS) of Singapore has signed a memorandum of understanding (MoU) with HD Hyundai Global Service on strategic digital co-operation leveraging digital solutions for carbon emission monitoring, optimising ship operations. Under the agreement,...

WILHELMSEN TAKES OVER MANAGEMENT OF AVENIR LNG BUNKER TRIO

WILHELMSEN TAKES OVER MANAGEMENT OF AVENIR LNG BUNKER TRIO

LNG and gas carrier owner Avenir LNG has appointed Wilhelmsen Ship Management to handle the management of three LNG bunker vessels, 'Avenir Achievement', 'Avenir Ascension' and 'Avenir Aspiration'. Carl Schou CEO and President of Wilhelmsen Ship Management said: “We...

SILVERSTREAM AND CHI PARTNERSHIP EXPLORES AIR LUBRICATION

SILVERSTREAM AND CHI PARTNERSHIP EXPLORES AIR LUBRICATION

Maritime clean technology company Silverstream Technologies and Chinese shipyard group Cosco Shipping Heavy Industry (CHI) have signed a high-level memorandum of understanding (MoU) which will explore opportunities to install the Silverstream hull lubrication system...

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Jotun shipping
REPORT SUGGESTS MARITIME INDUSTRY IS LACKING IN FORECASTING

REPORT SUGGESTS MARITIME INDUSTRY IS LACKING IN FORECASTING

The maritime industry must improve its forecasting to prepare for a range of possible futures, according to Lloyd’s Register (LR). LR and Lloyd’s Register Foundation, in a new report Global Maritime Trends 2050 have called on shipowners and other supply chain...

CHAMBER SEES SHIPPING AS VITAL PART OF UK DECARBONISATION

CHAMBER SEES SHIPPING AS VITAL PART OF UK DECARBONISATION

The UK Chamber of Shipping has launched a new report that, for the first time, provides a comprehensive overview of the value of the shipping industry to the UK. The report highlights the central role shipping plays in the prosperity of the UK with 61,000 jobs...

WIND PROPULSION DEVELOPER RECEIVES €22.4m INVESTMENT

WIND PROPULSION DEVELOPER RECEIVES €22.4m INVESTMENT

Spanish company bound4blue, a developer of automated wind-assisted propulsion systems for maritime transport, has secured funding worth some €22.4m. The major part comes from a €15.9M Series A funding round led by GTT Strategic Ventures, with the participation of the...

NAPA OPENS GERMAN BRANCH TO DRIVE DECARBONISATION

NAPA OPENS GERMAN BRANCH TO DRIVE DECARBONISATION

Finnish provider of maritime software and data services Napa has announced the creation of a new subsidiary in Germany to support its business growth and intensify its R&D activities in Central Europe. By establishing Napa Germany, the company aims to consolidate...

SHELL INVESTS IN ONBOARD CARBON CAPTURE COMPANY

SHELL INVESTS IN ONBOARD CARBON CAPTURE COMPANY

Netherlands-based Value Group, which comprises Value Maritime and Value Carbon, has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand its carbon capture utilisation and storage (CCUS) strategy. Value Maritime is the...

AIR LUBRICATION DEVELOPER APPOINTS NEW CTO

AIR LUBRICATION DEVELOPER APPOINTS NEW CTO

Air lubrication technology company Silverstream Technologies has announced the appointment of Catriona Savage into the newly created position of Chief Technology Officer (CTO). Savage will lead the continued development of the Silverstream System and will further...

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