Maritime services company Bernhard Schulte Shipmanagement (BSM) is developing an IT platform that will cover the entire compliance process with the EU Emissions Trading System (ETS) set to be introduced in 2024, the company said. The platform will focus on handling compliance, data collection and ve
Yinson Green Technologies, through its subsidiary Yinson Venture Capital Pte., has made a strategic investment in Zeabuz AS, a Norwegian startup specializing in autonomous solutions for the maritime industry. The investment provides the foundation for YGT to work closely with Zeabuz in the developme
The British Ports Association (BPA) has mapped out some of the most important pieces of legislation and regulation that affect ports and rated their suitability to the industry. The regulatory assessment identified 140 regulations, codes, and laws that affect ports. According to BPA, 12% of these we
India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to all tankers that are 25 years old or above, the country’s Dire
Woodward, an engine injection system manufacturer, is developing a new range of injection systems to support the ongoing transition to new fuels in the global energy industry. According to Woodward, the comprehensive portfolio of new systems will be applicable for new and future fuel-powered engines
The U.S. ports are expected to build out nearly $50 billion in green infrastructure over the next decade – and hydrogen is set to play a significant role in the industry’s plans, a recent survey from the American Association of Port Authorities (AAPA) shows. The survey covered AAPA’s membership and
Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
The Australian Maritime Safety Authority (AMSA) issued a refusal of access direction notice on Monday to the Liberian-flagged container ship MSC Kymea II from Australian ports for 90 days. AMSA said that the notice followed months of sub-standard performance from the ship’s operator, MSC Shipmanagem
Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
The dual-fuel vessel Cajun Sun has completed the first-ever net-zero voyage fuelled by bio-methanol, Methanex Corporation (Methanex) and Mitsui O.S.K. Lines (MOL) revealed. The Cajun Sun, operated by Methanex’s subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar, U.S. on Jan
Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly-owned subsidiary of Sembcorp Marine, with an aim to reduce the carbon intensity of its LNG fleet operations. Under the agreement, Sembcorp Marine w
Marine fuel supplier Peninsula is commencing the supply of biofuels at its hub ports in the Strait of Gibraltar as part of its strategy to meet increased complexity in the marine fuel mix. Peninsula has recently received a permit from ISCC – International Sustainability and Carbon Certification rela
The EU has adopted a new package of sanctions against Russia and its supporters in response to Russia’s invasion of Ukraine. The tenth package of sanctions is being adopted as the world marks one year since Russia’s full-scale invasion of Ukraine and is targeting 121 entities and individuals. The pa
German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi
