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International Shipping News

New IMO guidance for managing challenging ballast water quality

At its 81st meeting in March 2024, the IMO MEPC adopted Resolution MEPC.387(81), with interim guidance for ships operating in challenging water quality conditions, and Circular BWM.2/Circ.82, with guidance on the temporary storage of treated sewage and/or grey water in ballast water tanks. This statutory news summarizes these topics, including how to re-approve an amended BWMP. Interim guidance for ships operating in challenging water quality conditions (MEPC.387(81)) The purpose of this guidance is to assist ships to comply with the BWM Convention and the D-2 discharge standard when a type ...

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Asia Fuel Oil-HSFO softens; inventories extend gains for fourth week

Asia’s 380-cst high sulphur fuel oil (HSFO) market weakened on Thursday as a lower-priced trade emerged, while inventories at key storage hub Singapore rose for a fourth consecutive week. Onshore stockpiles have recovered as supplies to Asia rose in the second half of this month, trade sources said, while bunkering demand has been tepid in the week. Cash premium for 380-cst HSFO slipped to about $10 a metric ton on Thursday, while cracks closed near discounts of $5 a barrel. China’s import demand for HSFO also retreated in May and ...

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Mammoet begins assembly of world’s biggest land-based crane

Mammoet, the global leader in engineered heavy lifting and transport, has started assembling the world’s strongest land-based crane, the SK6000, at its Westdorpe facility in the Netherlands. This monumental project marks a new era in heavy lifting technology, offering unprecedented lifting capacity and reach, and opening up new construction methodologies for large projects. The SK6000 ring crane is testament to Mammoet’s commitment to innovation, but also sustainability. The crane will offer full electric operation. This means it enables the transition to cleaner power sources while driving down the carbon impact ...

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Windward and RightShip Partner to Enable ESG Transparency & Comprehensive Risk Management for Chartering Operations

Windward, the leading Maritime AI™ company, and RightShip, the leading Environmental, Social and Governance (ESG) focused digital maritime platform, announced today a partnership to enable cross platform data sharing. The partnership will see Windward’s sanctions insights integrated into RightShip’s platform and vetting workflow. The partnership aims to address the growing challenges faced by the maritime industry, including regulatory compliance, safety concerns related to the “dark fleet,” and ESG pressures by providing comprehensive visibility in both pre and post fixture operations. Rightship’s customers will now have the option to access Windward’s ...

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Day Of The Seafarer: Health Tips To Support Safety At Sea

The Day of the Seafarer (25 June) recognizes the vital contribution made by seafarers from all over the world to the global community. This year, the focus of the day is on safety tips at sea, a critical factor in seafarer wellbeing. MedSea, the maritime arm of International SOS, offers practical measures for organizations to prevent common injuries, illnesses and safety concerns onboard commercial vessels, complemented by data which highlights the diverse health challenges among seafarers. MedSea’s assistance case data from 2023 shows that seafarers suffer from a wide variety ...

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MABUX: Bunker Prices to Keep Rising Momentum Next Week

During Week 25, the MABUX global bunker indices continued their upward trend. The 380 HSFO index saw an increase of 5.90 USD, rising from 544.76 USD/MT to 550.15 USD/MT. The VLSFO index climbed by 3.62 USD, moving from 635.05 USD/MT to 638.67 USD/MT. The MGO index showed the most significant growth, adding 12.79 USD to reach 838.55 USD/MT, up from 825.76 USD/MT last week. As of the current update, the global bunker market maintains a moderate upward trend. MABUX Global Scrubber Spread (SS) – the price difference between 380 HSFO ...

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MAN Energy Solutions rejoins SEA-LNG

SEA LNG announced that MAN Energy Solutions (MAN ES) will rejoin its coalition. As a world-leading provider of flexible and powerful propulsion solutions for LNG marine applications, MAN ES caters to the growing demands of the shipping industry for LNG propulsion and equipment across dual fuel LNG-powered ships, LNG carriers, FRSUs, LNG feeder and bunker vessels, as well as for gas supply infrastructure. All MAN ES technology is fully compatible with net-zero biomethane and e-methane. MAN ES’s technical expertise adds to the technical skills and experience of SEA-LNG members, already ...

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Emanuele Grimaldi re-elected as Chairman of the International Chamber of Shipping

The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board. ICS represents 80% of the world’s merchant fleet and is the principal international trade association for merchant shipowners and operators. Mr Grimaldi will continue as Chairman for another term of two years. Emanuele Grimaldi, International Chamber of Shipping Chairman, commented: “I am deeply honoured to have been re-elected as Chairman of the ICS for another two years. It is a privilege to be ...

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New Monna Lisa Vessel To Cut Tonnes Of CO2 And VOC Emissions By Opting For International® Marine Coatings Solutions

International®, AkzoNobel’s marine coatings brand has today [20th June] announced that a new cable-laying vessel, the Monna Lisa, owned by Prysmian, is to be coated in the Intergard® 7500 primer and Intersmooth® 7465Si antifouling solution. This decision is estimated to reduce the vessel’s carbon emissions (CO2) by 672 tonnes over the dry docking period and lower Volatile Organic Compounds (VOC) by more than 11 tonnes during construction. By utilizing Intergard 7500, a high solids universal primer solution, the shipyard can reduce VOC emissions during application and significantly decrease packaging by ...

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Singapore to seek compensation from ship owner for oil spill, media reports say

Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday. The Maritime and Port Authority told CNA that the shipowner of Singapore-flagged Marine Honour – which was hit by Netherlands-flagged dredger Vox Maxima – is liable for costs incurred in containing and cleaning the oil spill and damage to infrastructure. Reuters has reached out to the port authority for comment. Earlier, the port authority said the dredger Vox Maxima ...

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Norton Rose Fulbright advises lenders on ECA-backed financing of Royal Caribbean’s latest “Oasis Class” vessel “Utopia of the Seas”

Global law firm Norton Rose Fulbright has advised the lenders, led by Citi, on the financing and subsequent delivery of Royal Caribbean’s latest flagship vessel, “Utopia of the Seas”. The Norton Rose Fulbright team advised on all aspects of the transaction, including the original financing arrangements and, most recently, the delivery of the vessel. The vessel is the latest Royal Caribbean vessel financed under a French ECA-supported receivable purchase financing and post-delivery financing in a total aggregate amount of approximately $1.3 billion. At 236,000 gross tons, “Utopia of the Seas” ...

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IMO Secretary-General Unveils New GreenSeas Iconic Recycling Bin Opposite IMO Headquarters in London

In a step forward for local marine conservation, GreenSeas Trust has installed its 18th BinForGreenSeas recycling bin opposite the International Maritime Organization’s (IMO) headquarters in London, sited by the River Thames at 8 Albert Embankment (fire station jetty). The iconic bin has been officially launched by Arsenio Dominguez, the Secretary-General of the IMO, who graciously cut the ribbon at a ceremony today. This installation, the fourth by the River Thames in London and the third funded by the City Bridge Trust, is a testament to GreenSeas Trust’s dedication to combating ...

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Marcura Group Announces Strategic Leadership Transition: Jens Lorens Poulsen Now Chair of the Board, Henrik Hyldahn Appointed New Group CEO

Marcura, a leading solutions provider for the maritime industry, announces the successful completion of a significant leadership handover. Jens Lorens Poulsen has moved from his position as Group CEO to assume the role of Chair of the Board. Henrik Hyldahn, previously the CEO of ShipServ, a leading maritime online procurement platform recently acquired by Marcura, has transitioned to the position of Group CEO. Henrik Hyldahn’s appointment signals a strategic focus on enhancing Marcura’s technological capabilities while leveraging its established strengths in customer-focused services and culture. As with ShipServ, Hyldahn’s extensive ...

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ABL to support maritime decarbonisation in the Maldives

Energy and marine consultancy ABL has been appointed by the World Bank to carry out a nation level study on the strategy, regulatory framework and roadmap for decarbonising the maritime sector of the Maldives. Key partners to ABL on this study are, the Maldives Port Limited (MPL), finance consultancy HHX.blue, Arcsilea, and other consultants. The project has been commissioned by the World Bank Group and is aligned with PROBLUE’s objectives to help countries chart a course towards a blue economy approach. PROBLUE is a multi-donor trust fund, housed at the ...

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Wake Media Appoints New Head of Digital and Media to Expand Client Services

Wake Media, the specialist marketing and communications agency for the maritime industry, announces the appointment of Dan Chapman as Head of Digital and Media Services. A new role in the agency team, the appointment is part of Wake Media’s continuing evolution to advance digital and media production services and support the increasingly data-driven marketing strategies of clients. As Head of Digital and Media Services, Dan Chapman will lead video, webinar and podcast production and develop Wake Media’s digital marketing services, including PPC, SEO and programmatic advertising. Dan Chapman joins Wake ...

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