Home / Shipping News / International Shipping News (page 5)

International Shipping News

AI tools key to the ‘urgent action’ needed to meet IMO climate targets

Yarden Gross, CEO and Co-founder of maritime technology start-up Orca AI, champions the rapid – but responsible – deployment of smart, cost-effective digital tools to tackle climate challenges in the shipping industry. Leveraging machine learning and data insights, AI solutions are a vital front line in reducing fuel consumption and emissions. “AI solutions are crucial for squeezing every last drop of efficiency out of the existing fleet amid increasing pressure to decarbonize,” said Gross, responding to the 2024 annual disclosure report released on June 13 by the global transparency initiative ...

Read More »

Trauma from Red Sea attacks adds to seafarer shortage

When a missile fired by Yemen’s Houthi Islamists landed near his ship in the Red Sea, Costas Rassias vowed to stop sailing through the perilous waters. “I froze,” said the Greek 34-year-old second class marine engineer, describing the close call. “I weighed what was more important – my life, or a better income?” As attacks on merchant ships by the Iran-backed Houthis persist, traumatised seafarers are refusing to sail through the Red Sea, according to interviews with more than 15 crew members and shipping industry officials. That’s another staffing headache ...

Read More »

Asia Fuel Oil-Spot 180-cst premium weakens; India sales tenders awarded

The spot cash premium for 180-cst high sulphur fuel oil (HSFO) remained under pressure on Wednesday, while outcomes for recent sales tenders from Indian refiners emerged. HPCL’s 180-cst HSFO sales tender for late June was awarded to E3 Energy, while BPCL’s tender for early July was awarded to Vitol, based on market sources. Singapore’s spot premium for 180-cst HSFO softened to a six-week low, pegged at $5.95 a metric ton to Singapore quotes on Wednesday. The weaker 180-cst market has crunched the HSFO viscosity spread to near parity, as the ...

Read More »

Shipping industry calls for action following the attack on the MV Tutor and cargo ship Verbena

The shipping community is appalled and deeply saddened with the tragic news that, yet another seafarer seems certain to have been killed in a drone boat strike on Wednesday 12 June while on board the MV Tutor in the Red Sea. We utterly condemn these assaults which directly contravene the fundamental principle of freedom of navigation. Our thoughts and condolences go to the family and loved ones of the seafarer who tragically lost their life. It is deplorable that innocent seafarers are being attacked while simply performing their jobs, vital ...

Read More »

Jan De Nul will connect the Princess Elisabeth Island to the Belgian high-voltage grid

Jan De Nul Group, in consortium with LS Cable & System, has won a contract to supply, install and test three 220 kV alternating current cables. These subsea cables will transmit renewable energy from the Princess Elisabeth Island to the Belgian high-voltage onshore grid. The artificial energy-island represents an important milestone in Belgium and Europe’s transition to renewable energy and is crucial for the integration of energy systems. The energy island will supply 3.5 GW of renewable energy to the Belgian grid. The energy island which is currently being constructed ...

Read More »

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Availability is normal in Rotterdam and in the wider ARA hub. Lead times have largely remained unchanged in recent weeks. A trader advises lead times of 3-5 days for optimal coverage across all grades. The ARA’s independently held fuel oil stocks have held steady this month compared to May, according to Insights Global data. The region has imported 215,000 b/d of fuel oil so far this month, down from 252,000 b/d of fuel oil imported in May, according to data from cargo tracker Vortexa. The ARA imported low-sulphur ...

Read More »

Wärtsilä propulsion solutions expected to deliver 5% fuel savings for International Seaways tankers

Technology group Wärtsilä today announced it will supply its EnergoFlow and EnergoProFin propulsion solutions to four medium range (“MR”) tankers in the International Seaways (NYSE: INSW) fleet. The devices will be used to upgrade the ships’ existing Wärtsilä controllable pitch propeller system resulting in an estimated five percent (5%) in fuel savings. These will be the first Ice Class 1A FS vessels to be fitted with the EnergoFlow solution. The order was booked by Wärtsilä in Q1 2024. By reducing the fuel consumption of these existing MR tankers, INSW will ...

Read More »

Weathernews further enhances SeaNavigator platform with powerful new tools

In line with its focus on continuous improvement of its cloud-based SeaNavigator voyage-optimization solution, Weathernews Inc launched two new integrated AI tools – the Berth Waiting Forecast for vessel operators and New Tonnage Finder for charterers – at a recent customer networking event in Copenhagen. Berth Waiting Forecast Leveraging AI predictive data for enhanced voyage efficiency and emissions reduction, the Berth Waiting Forecast enables customers to address the challenge of port delays resulting from adverse weather disrupting cargo handling. Providing real-time ship status and congestion forecasts up to one week ...

Read More »

Auramarine signs representative agreement with HAGEDORN Products & Systems GmbH and HAGEDORN Service & Engineering GmbH, Germany

Auramarine Ltd, the renowned provider of fuel supply systems for the marine, power and process industries, has announced that it has signed a representative agreement with HAGEDORN Products & Systems GmbH and HAGEDORN Service & Engineering GmbH (HAGEDORN). Under the terms of the agreement, HAGEDORN will serve as an official Auramarine representative for its fuel supply units. This includes its conventional systems, as well as its methanol and ammonia systems, and will be applicable for newbuildings, retrofits, commissioning, maintenance and spare part services. The agreement strengthens the company’s presence in ...

Read More »

Nippon Paint Marine’s FASTAR coating wins Environmental Technology Award from Japan Chemical Industry Association

Nippon Paint Marine, a coatings leader for the maritime industry, has announced that FASTAR, its premier antifouling solution has won the Environmental Technology Award during the JCIA’s 56th annual technology awards ceremony. FASTAR, which was recognised for its contribution to reducing fuel consumption and its benefits to marine life and the environment, is the first marine coating to win this prestigious award from the JCIA. The award recognises innovative and outstanding scientific technologies and products that have greatly contributed to the development of the chemical industry, through the creation of ...

Read More »

PALFINGER MARINE: Into the Future with Strong Partners

Each day, the program spanned all PALFINGER key topics. The Global Sales & Service Conference covered customer focus, networking, and a shared brand experience. The strategic goals were presented along the customer journey and discussed with the partners. “In line with our Vision & Strategy 2030, we are taking new bold and inspiring routes to success with our partners, suppliers and employees, following the tagline ‘Building our way forward’,” says PALFINGER CEO Andreas Klauser. Marine expertise brought together at the Salzburg Exhibition Center As part of a series of PALFINGER ...

Read More »

Another deal of historic proportions: A fleet of four Union Maritime tankers to be fitted with Norsepower Rotor Sails™

Norsepower, the leading provider of mechanical sails for large vessels, has closed a new deal with Union Maritime Limited (UML) to equip its fleet of new product tankers with Norsepower Rotor Sails™ (NPRS™). The agreement includes supply contracts for a total of four newbuild ships fitted with rotor sails, to be constructed in China at Fujian Southeast Shipbuilding Ltd. and at Wuhu Shipyard Co. Ltd. A further eight vessels will also be rotor sail ready for easy retrofitting in future. The vessels, designed by Shanghai Odely Marine Engineering Co., Ltd., ...

Read More »

Hempel’s high performance marine coating solution, Hempaguard, receives DNV validation

Hempaguard X7’s decarbonisation efforts in the maritime industry are now third-party verified, and its impressive impact on fuel savings and speed loss have been validated. Key messages Hempaguard’s performance and decarbonisation efforts receive third-party validation and verification by DNV. The verification objectively confirms Hempaguard’s outstanding performance during the period from 1 January 2013 to 31 December 2023 when it comes to the reduction of CO2e emissions from the maritime industry. In addition, fuel savings potential of up to 20 per cent and average speed loss of 1.4 per cent have ...

Read More »

ePropulsion Offers Ultimate MFD Compatibility With New Smart Gateway

ePropulsion, a global leader and market innovator in marine electric propulsion systems and services, announced today the ultimate multifunction display (MFD) compatibility with the new ePropulsion Smart Gateway. On the heels of its recent move to bring X Series electric outboard and I-Series electric inboard engine data to external MFD without the need for an additional gateway or interface box, the new Smart Gateway allows owners of ePropulsion Spirits, Navy and Pod motors to seamlessly integrate with external MFDs via NMEA 2000. Nextfour Q Experience displays are the first to ...

Read More »

Höegh Autoliners ASA (HAUTO) – May 2024 Trading Update

In May 2024, Höegh Autoliners transported 1,2 million CBM of cargo on prorated basis. Transported cargo in the last three months (March – May) was 3.6 million CBM. Average prorated gross freight rate in May 2024 was USD 97.2 per cbm. (-1.2% compared to average gross rate in Q1 2024). Average prorated gross freight rate in the last three months was USD 97.6 per cbm. Average prorated net freight rate in May 2024 was USD 83.0 per cbm. (-0.6% compared to average net rate in Q1 2024). Average prorated net ...

Read More »

Recent Videos

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