The Board of Directors of the International Chamber of Shipping (ICS) are deeply saddened to hear the news of the death of Spyros M Polemis, who served as Chairman of ICS from 2006 to 2012. Mr Polemis had a long history of leadership of our industry previously serving on the ICS Board for many years as the representative of the Union of Greek Shipowners. He was also President of the International Shipping Federation (ISF) before its merger with ICS, which he oversaw, in 2011. Mr Polemis was a tireless advocate ...

Intership Navigation Co. Ltd, a leading ship and crew management service provider, proudly announces the successful migration of its fleet of over 100 vessels and 3,000 seafarers to Mintra’s Trainingportal Learning and Competency Management System. This milestone demonstrates Intership’s commitment to enhancing the training, career progression, and safety of its seafarers. Mintra, a leader in digital learning and human capital management systems for safety-critical industries, was selected by Intership to provide cutting-edge training solutions. Mintra’s software solutions enable clients to develop their workforce, ensure compliance, and maximise operational efficiency. In ...

Ship owners and operators want reliable operations – and they also need to stay in budget. This is why many buy critical engine components from an original equipment manufacturer (OEM) and less critical, cheaper parts from a non-OEM supplier. But it may come as a surprise that even the less critical parts matter more than you think. So, which critical engine parts do most buyers purchase from their original equipment manufacturer (OEM)? These components can be divided into four categories: • Cylinder heads, including valves and valve seats • Injection ...

The IMO’s enforcement of EEXI and CII regulations from January 1, 2023 marks a significant step in reducing greenhouse gas emissions from the maritime industry. As the regulations become stricter and the major impact expected post-2024, shipowners must proactively monitor and enhance their fleet’s emission profiles to ensure the commercial viability of their vessels. A gradual shift towards alternative-fuel capable dry bulk vessels is gaining momentum, with an 11% share in the current orderbook, and deliveries expected to peak in 2026-2027. The Energy Efficiency Existing Ship Index (EEXI) and carbon ...

Global shipping container rates edged slightly higher this week as they continue to moderate after more than doubling from early-May, and rates from Shanghai to the US West Coast fell, according to supply chain advisors Drewry. Drewry’s composite World Container Index (WCI) rose by just 1% and is up by just 1.2% over the past two week, as shown in the following chart. Average rates from China to the US East Coast have continued to rise and are nearing $10,000/FEU (40-foot equivalent unit), as shown in the following chart. Drewry ...

In a collaboration with four master’s students from the Antwerp Management School (AMS), the Royal Belgian Shipowners’ Association (KBRV) released a study that investigates issues with the CII formula. As part of their thesis project, the research conducted by the students included a comprehensive literature review, a qualitative analysis, and a quantitative analysis using data from Belgian-controlled ships. Key Findings from the Study Both literature review and qualitative analysis identified three variables with the most adverse impact on CII ratings: Waiting Time: Time spent idling or waiting in ports or ...

Spot premiums for fuel oil were broadly stable in Asia on Monday, while several Southeast Asian tenders for August cargoes were in progress, based on industry sources and shipping records. Thailand’s ThaiOil offered 18,000 metric tons of high sulphur fuel oil (HSFO) for loading from Sriracha between August 7 and 9, in a tender that closes on Tuesday. Indonesia’s Pertamina offered 200,000 barrels of marine fuel oil (MFO) for loading from Cilacap between August 21 and 22, via a tender that closes on Monday. Separately, Vietnam’s Nghi Son offered 28,000 ...

American Bureau of Shipping (ABS) and the United States Coast Guard Research and Development Center (USCG-RDC) signed a memorandum of understanding (MOU) that opens the door to collaborative research and development on top-of-mind technologies impacting the maritime industry. ABS and the USCG-RDC each have robust portfolios of maritime innovation projects that will benefit from cooperative efforts in areas of mutual interest. Activity under the MOU can include developing joint research publications, new technology qualifications and information sharing in a variety of research areas including remote and autonomous systems for uncrewed ...

NORDEN has entered into an agreement to acquire Norwegian dry bulk operator Norlat Shipping, which specialises in the shipment of forest products and other bulk commodities, with main trading routes from Northern Europe to North Africa and North America. “With a customer-centric business and trading routes complementary to NORDEN’s, Norlat is a great fit with NORDEN,’ says NORDEN CEO Jan Rindbo. “Norlat allows NORDEN to further cement our growing position within projects and parcelling, enabling us to offer our customers fully flexible solutions, as a global provider of ocean-based freight ...

Nippon Yusen Kabushiki Kaisha decided to revise our consolidated financial forecasts for fiscal year ending March 2025 (hereinafter “the Current Fiscal Year”) announced on May 8, 2024. (1) Revisions to the Consolidated Forecast for the Cumulative Second Quarter of the Current Fiscal Year (April 1, 2024 – September 30, 2024 (2) Revisions to the Consolidated Forecast for the Current Fiscal Year (April 1, 2024 – March 31, 2025) As disclosed on May 8, 2024, we have decided to acquire its own shares for a total maximum acquisition amount of ¥100 ...

ShipIn Systems has today announced an agreement which will see its FleetVision Platform add new capabilities to the OneLink Platform. OneLink is a unique solution that unites a number of performance platforms within one, providing a powerful set of digital services and solutions to the shipping industry. By adding FleetVision’s AI-powered visual analytics, OneLink will have another layer of digital capabilities to its powerful maritime system. Using FleetVision, OneLink customers can now see events onboard every ship in near real-time, with AI generating insights into areas such as Bridge conduct, ...

CM Technologies (CMT) has strengthened its global sales and distribution network with the appointment of Singapore’s Junma Services, a leading marine engine sales, repair, and services company, to facilitate increasing demand for CMT’s machinery and fluids testing, measuring and analysis solutions. Junma Services joins an established CMT network of 10 distributors across the Asia Pacific region, with specific responsibility for increasing the Germany-headquartered company’s presence across the Lion City’s maritime cluster. The development is part of a wider strategy to ensure that all major maritime hubs are stocked with CMT’s ...

A tanker that fled the scene of a fiery Friday collision offSingapore entered the area of Malaysia’s Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping data from LSEG and Kpler showed. The Sao Tome and Principe-flagged supertanker Ceres I had left the scene of the collision with the Singapore-flagged tanker Hafnia Nile about 55 km (35 miles) northeast of the Singaporean island of Pedra Branca without explanation. The Ceres I, which was believed to have turned off its tracking system after the ...

The Women’s International Shipping & Trading Association UK (WISTA UK) marked its 50th anniversary with a celebratory event highlighting five decades of progress and ongoing efforts to promote diversity and inclusion within the maritime industry. The event, which included an insightful conference and a grand evening reception, brought together industry leaders, members, and supporters to honour achievements and set the stage for future advancements. The conference started with a welcome by Monica Kohli, President of WISTA UK, followed by a welcome address by His Excellency Arsenio Dominguez, Secretary General of ...

Asyad Group, Oman’s pioneering end-to-end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a leading global freight forwarding company. The landmark acquisition is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the USA and the GCC, supported by unhindered access to SFS’ well-established, dynamic network that covers over 90 geographies across six continents. Now acquired by Asyad Group, SFS is a premier freight solutions ...