An oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council. The letter, written by Saudi Ambassador to the UN Abdallah Al-Mouallimi, said “a pipeline attached to the vess
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has
Trafigura, one of the world’s largest ship charterers, has proposed that the International Maritime Organization (IMO) introduces a carbon levy to help boost competitiveness and uptake of alternative fuels. The company is proposing a levy between $250 and $300 per metric tonne of CO2 equivalent on s
France-based Ponant has become the first international cruise line to join the Green Marine environmental certification program for the marine industry.
On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they wor
Teekay Corporation, Teekay LNG Partners and Teekay Tankers have joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Classification society DNV GL has approved CTI-Maritec as a test facility capable of undertaking ballast water system commissioning tests in line with new ballast water rules set to enter-into-force in October 2021. The Approval of Service Supplier (AoSS) certification, the first of three classifica
French ballast water treatment systems producer BIO UV Group has extended its collaboration agreement with French shipbuilder and repairer PIRIOU Group. The deal formalises a five-year relationship between the two companies, and aims to support the BWTS installation and integration projects carried
With the EU advancing on its plans to include international shipping in its Emissions Trading System (ETS), the pressure is on for the international maritime industry to introduce a market-wide measure to pay for its share of emissions. Under the plan, the EU wants to include the maritime sector int
Environmental organizations are warning that the European Union’s legislation allowing the export of toxic ships to developing countries violates the union members’ obligations under the Basel Convention and is in contradiction with the Green Deal. The Basel Convention is an international treaty des
50Hertz has completed UXO clearance at the Ostwind 2 grid connection project in the German Baltic Sea. The project comprised unexploded ordnance recovery at the subsea cable routes that will connect the Arcadis Ost 1 and Baltic Eagle offshore wind farms to the German high voltage grid. Activities w
The Center for the Fourth Industrial Revolution and the Ocean (C4IR Ocean) is working to promote a sustainable ocean and is partnering with Microsoft to develop technology-based solutions to improve ocean health. Aker and the World Economic Forum are behind C4IR Ocean, which is part of a global netw
Technology company ABB has won a contract with China’s Guangzhou Shipyard International Ltd for supplying a full scope of integrated solutions for P&O Ferries’ two new vessels.
DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. The forecast a
