Fourteen nations represented on the High-level Panel for a Sustainable Ocean Economy (Ocean Panel) and accounting for 30% of the world’s oceans through their exclusive economic zones have committed to the sustainable management of the ocean. The nations led by Norway, include Australia, Canada, Fiji
Some 47% of all newly built dry bulkers delivered in 2020 are fitted with exhaust gas cleaning systems, known as scrubbers, data from BIMCO shows. Interest in scrubbers peaked in 2018 and 2019 ahead of the implementation of the IMO 2020 sulphur cap that entered into force in January 2020. Bulk carri
Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has pledged to offset all carbon emissions from its global shore-side operations starting in 2020. These will include all office activities, commuting and business and crew travel. To this end, Pacific Basin has partnered with
The Methanol Institute is urging the maritime community to mitigate pollution and emissions risk in Polar regions by adopting methanol as marine fuel, and applying bunkering guidelines developed by the European Committee for Standardisation (CEN). The call is being issued on the back of IMO’s meetin
A giant section of the Golden Ray wreck has been cut and lifted onto a barge, marking a major milestone in the removal of the capsized car carrier from St. Simons Sound near the Port of Brunswick. Responders lifted the section using ultra-high-molecular-weight polyethylene slings that are as strong
The Bureau of Ocean Energy Management (BOEM) has issued a ‘Record of Decision’ (ROD) establishing safeguards to reduce or eliminate impacts to marine life while setting a path forward for appropriate geological and geophysical survey activities on the Gulf of Mexico Outer Continental Shelf. Geologic
Pacific Carriers Limited (PCL), a Singapore-based company whose subsidiaries are engaged in international shipping, was fined $12 million for concealing illegal discharges of oily water and garbage and a hazardous condition. On December 1, the company pleaded guilty before the U.S. federal court in
Italian cabling giant Prysmian has announced plans to accelerate the race to net-zero CO2 emission during its recent “Sustainability Day”. Its project aims to set science-based carbon reduction targets for the Prysmian Group, and will consider both Scope 1&2 (own organization) and Scope 3 (value cha
ZeroNorth, a digital spin-off from Maersk Tankers, and maritime software developer Veson Nautical have entered into a strategic product partnership. The agreement will allow ZeroNorth’s vessel optimisation software, Optimise, to integrate with the Veson IMOS Platform (VIP), a solution for commercial
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Norwegian shipowner Georg Eide has been sentenced for having aided Singapore-based cash buyer Wirana Shipping in an attempt to export barge carrier Harrier (ex-Tide Carrier) to a scrapyard in Pakistan back in 2017. A district court in Sunnhordland, Norway convicted the shipowner to six months in pri
Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.
Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will add to WFS’s existing fleet of 11 methanol-fuelled ships, which have b
Tanker shipping company Overseas Shipholding Group (OSG) has chosen oneTank™, a Seattle-based ballast water treatment system manufacturer, to provide an aftpeak ballast water treatment solution for vessels in their fleet. oneTank manufactures ballast water treatment systems for tanker and bulker aft
