Home / Shipping News / International Shipping News (page 7)

International Shipping News

IMTRA Recognized As Employee-Owned Company Of The Year

IMTRA, the leading manufacturer and importer of quality solutions and products for the marine, energy and transportation markets, announced today their receipt of the 2024 award for Employee-Owned Company of the Year. Presented by the New England Chapter of the ESOP Association, the award honors a company that shows a strong commitment to employee ownership. This is demonstrated through the company’s involvement with the association and its programs, in addition to providing clear communication with employees and demonstrating a commitment to the Association’s vision of endorsing employee participation, wealth creation, ...

Read More »

Asia Pacific Maritime 2024 Sets New Record With Highest Attendance To Date

The 18th Asia Pacific Maritime (APM), held from 13-15 March 2024, welcomed an unprecedented number of 15,717 attendees in Singapore. This figure surpassed attendance records of previous editions, signifying a positive revitalisation of Asia Pacific’s maritime sector and solidifying Singapore’s position as a leading maritime hub. Held at the Marina Bay Sands, the event showcased an extensive range of 710 exhibitors and featured 150 industry speakers worldwide. This year’s theme, ‘Future of Vessels, Solutions for Tomorrow’, was a timely response to the industry’s pressing need for sustainable and innovative solutions. ...

Read More »

Argeo signs “Certificate of Delivery and Acceptance” with CSI for second Kongsberg Discovery HUGIN Superior AUV

Ocean surveying and inspection specialist Argeo Subsea, CSI Nordics and Kongsberg Discovery have signed a three-party Certificate of Delivery and Acceptance for a new HUGIN Superior AUV. The agreement, confirmed at Oceanology International in London, supports Argeo’s ambitious fleet expansion plans, as the firm looks to build the world’s most advanced AUV fleet, with seven high specification units. Argeo already has one HUGIN Superior in service. CSI Nordics, a subsidiary of CSI Leasing, one of the largest independent equipment leasing companies in the world, will purchase the unit from Kongsberg ...

Read More »

India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports

All of India’s refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to U.S. sanctions, Bloomberg News reported on Friday. Reuters reported earlier this week that India’s Reliance Industries RELI.NS, operator of the world’s biggest refining complex, would not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter. Source: Reuters (Reporting by Harshita Meenaktshi in Bengaluru, Editing by Mark Potter)

Read More »

MOL and MOL Sunflower Receive 17th MLIT Minister’s Award for Promotion of Barrier-Free Environments

Mitsui O.S.K. Lines, Ltd. and its group company MOL Sunflower Ltd. announced that the Sunflower Kurenai and Sunflower Murasaki (Note 1), Japan’s first LNG-fueled ferries, received the 17th “Minister’s Award for the Promotion of Barrier-Free Environments” from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in recognition of their barrier-free improvements and the universal design efforts of the newly built Sunflower Terminal (Beppu), which was constructed to coincide with the launch of both ferries, which entered service last year. The MLIT Minister’s Award for the Promotion of Barrier-Free Environments ...

Read More »

EU naval mission in Red Sea destroys missiles, Houthi seaborne drone

The EU’s naval mission in the southern Red Sea said on Thursday it had destroyed three ballistic missiles and a Houthi seaborne drone to protect merchant ships. The EU’s mission, known as Aspides, said on social media platform X that a French worship had destroyed the ballistic missiles and a German destroyed the drone, operated by the Iran-aligned Houthis and spotted near commercial vessels. Aspides was launched in February to help protect the key maritime trade route from drone and missile attacks by Yemen’s Houthi militia, who say they are ...

Read More »

JX, NYK, and KNCC Jointly Study Optimization of CO2 Liquefaction and Storage Process

JX Nippon Oil & Gas Exploration Corporation (JX), Nippon Yusen Kabushiki Kaisha (NYK) and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) signed a memorandum of understanding (MoU) on March 15 to jointly study the optimization of carbon dioxide (CO2) liquefaction and storage processes using KNCC’s proprietary technology Cargo Tank Cylinders (CTC). This study aims to optimize the CO2 transportation system using CTC by utilizing the characteristics of the EP (elevated pressure) method, which stores and transports liquefied CO₂ at higher temperatures and pressures than the LP (low pressure) and ...

Read More »

Infinium’s Project Pathfinder is World’s First Fully Operational eFuelsFacility

Electrofuels leader Infinium is now successfully operating the world’s first commercial scale facility making drop-in ready electrofuels (eFuels) in Corpus Christi, Texas. The project, known as Project Pathfinder, is a continuously operating plant producing synthetic, ultra-low carbon eFuels that can be used in today’s heavy transportation applications and chemical processes. “Project Pathfinder would not have achieved this milestone without the incredibly talented team we brought together to pioneer commercial eFuels production, logistics and product delivery programs, none of which have existed before,” said Robert Schuetzle, CEO at Infinium. “As both ...

Read More »

Samskip Continues Aggressive Network Expansion with new Spain-United Kingdom-Rotterdam Service launch

Samskip launches shortsea container service connecting Santander, Tilbury and Rotterdam, delivering the service reliability, security and sustainability advantages of intermodal transport to customers throughout Spain, supported by dedicated local customer support. The new service launches from Rotterdam on Tuesday April 2nd, offering customers a weekly Spain-Tilbury-Rotterdam shortsea option that remains highly cost competitive against road-ferry alternatives while providing greater reliability and substantially lower CO2 emissions per tonne mile. As experts in Multimodal and Intermodal planning logistics, Samskip has a strong local presence in Rotterdam and the UK, and with the ...

Read More »

Manta Marine Technologies signs 400th contract for FuelOpt™

With propulsion optimization technology FuelOpt™ soon to be installed onboard 400 vessels worldwide, Manta Marine Technologies (MMT) leads the way in supporting shipowners and operators with proven real-time fuel savings and emission reductions. 20 March 2024: Manta Marine Technologies (MMT) has secured its fourth hundredth vessel contract for its industry-leading automated propulsion optimization technology system, FuelOpt™. The latest contract is subscription-based and was signed in February 2024 between MMT and J.J. Ugland for an installation onboard their 60,000 DWT bulk carrier, the M.V. Jorita. Richard Engelhart Bjercke, Chief Commercial Officer ...

Read More »

Red Sea crisis adds 100,000 bpd to global fuel demand – Vitol CEO

The shipping industry is consuming an additional 100,000 barrels per day of fuel to sail longer distances needed to avoid traversing the Red Sea, Vitol Chief Executive Officer Russell Hardy said on Wednesday. Total distance traveled by ships is about 3% more than it was before Yemen’s Houthi group started attacking shipping, Hardy said. Tanker traffic in the Red Sea is higher today than it was five years ago, he said, but global conflicts have shifted global trade flows. “We have had to re-orientate so much all over,” he said ...

Read More »

Singapore fuel oil stockpiles hit 1-month high as net imports rebound

Singapore’s onshore fuel oil stockpiles climbed to a one-month high as net imports rebounded after a sharp decline last week, data showed on Thursday. Inventories for fuel oil STKRS-SIN climbed 3.2% to 22 million barrels (3.47 million metric tons) in the week ended March 20, latest data from Enterprise Singapore showed. Net imports, which are calculated by subtracting total exports from total imports, were at about 750,000 tons, increasing by more than tenfold from last week, calculations based on the data showed. Russia was the top origin for arrivals into ...

Read More »

East China bunkering premiums nose-dive to multiyear lows; LSFO demand overshadowed

Moderate demand of low sulfur fuel oil, which fell short of market expectations, coupled with ample supply of upstream cargoes at the bunkering hubs of Zhoushan and Shanghai, suppressed bunkering premiums in both ports to multiyear lows, gradually narrowing suppliers’ margins, market sources said March 21. Prompt LSFO demand overshadowed LSFO demand at the bunkering ports of Zhoushan and Shanghai, while moderating, were boosted by shrinking bunkering premiums, resulting in a shift of inquiries from other neighboring regional ports, bunker traders said. However, current demand remained low compared with January, ...

Read More »

Mental Health Support Solutions Launches Book Series for Seafarers’ Mental Wellbeing

Mental Health Support Solutions (MHSS), a leading provider of mental health support services in the maritime industry, has published a comprehensive series of books tailored specifically to supporting seafarers in understanding and addressing mental health challenges at sea. Developed by MHSS CEO and Clinical Psychologist, Charles Watkins, and his team, the series aims to provide crew members with the necessary tools to recognise, understand, and support colleagues who may be experiencing difficulties which could impact their wellbeing onboard ship. Charles Watkins emphasised the importance of cultural understanding in addressing mental ...

Read More »

Safety Study Demonstrates The Need For New Safety Rules For Methanol-Fuelled Vessels, Advises Survitec

A new fire safety study by global Survival Technology solutions provider Survitec has revealed that existing fire-fighting methods used to extinguish machinery space spray and pool fires on conventionally fuelled vessels are inadequate when dealing with methanol-based fires. This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil (DO) and methanol, carried out amid growing interest in methanol as an alternative marine fuel. “Our tests confirm that traditional water mist fire suppression mechanisms do not perform as expected on methanol pool fires and methanol spray fires. A ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping