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“K” LINE Group Obtains Certification from ClassNK for Seafarer Competency Management System

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announced today that three “K” LINE Group ship management companies—K Marine Ship Management Pte. Ltd. (KMSM), “K” Line Ship Management (Singapore) Pte. Ltd. (KLSM SGP), and “K” Line LNG Shipping (UK) Ltd. (KLNG UK)—have obtained certification from Nippon Kaiji Kyokai (ClassNK) for the Competency Management System (CMS), a seafarer competency management system being implemented by “K” LINE Group ship management companies. With this system, it will be possible to use it on vessels managed by each company. The Group’s CMS — which was introduced ...

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Micronesian Center for Sustainable Transport (MCST) Calls for Just and Equitable Revenue Disbursement from IMO Emission Reduction Measures

The Micronesian Center for Sustainable Transport (MCST) has released a critical analysis of the International Maritime Organization’s (IMO) 2023 Revised Strategy for the reduction of greenhouse gas (GHG) emissions from ships. In a working paper titled “Disbursement of Revenues Generated by IMO’s Emission Reduction Measures: Is Contributing to a Just and Equitable Transition That Leaves No State Behind an Empty Slogan? How Much Should Be Spent on What by Who?” authored by Peter Nuttall, Alison Newell, Atina Schutz, Maria Sahib, Aileen Sefeti, John Fatuimoana Kautoke, John Taukäve, and Pierre-Jean Bordahandy, ...

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KBR, Frazer-Nash and V.Group combine expertise to strengthen UK naval capability

The eight-year Type 31 Through Life Support Contract is expected to commence in Q4 2025 and will provide a solution to optimise the availability and operational service for the five new Type 31 “Inspiration” class frigates London, United Kingdom, 23 May, 2024: KBR, Frazer-Nash Consultancy and V.Group have today announced the formation of Team Calibre to collectively position its capabilities to support the future Type 31 Through Life Support programme. Together, Team Calibre combines the strength of V.Group’s technical capabilities from commercial shipping with the extensive complex programme delivery and ...

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Asia Fuel Oil-VLSFO market gains as Singapore inventories slide

Asia’s low-sulphur fuel oil (VLSFO) market gained on Thursday after stocks at key trading hub Singapore plunged to the lowest in five-and-a-half years. Cash premiums for VLSFO rose by 41 cents to $8.16 a metric ton. Cash differential for 180-cst HSFO was pegged at a premium of $7.36 a ton, while the premium for 380-cst traded at $7.48 per ton. Inventories for fuel oil STKRS-SIN lost 17.46% weekly to log 15.778 million barrels (2.48 million metric tons), the lowest after the week ended Oct 31, 2018, Enterprise Singapore data showed. ...

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Proman Stena Bulk formally names methanol tanker Stena Prosperous in Singapore

Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and leading methanol producer Proman, has today formally christened Stena Prosperous during a ceremony at the Marina Bay Cruise Centre in Singapore. After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO), while making additional particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx) savings. The blend delivers greenhouse gas emissions ...

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Corvus Energy to supply battery systems for 10 new hybrid tugboats servicing the Panama Canal

The Panama Canal Authority ordered ten (10) hybrid tractor tugboats from European shipbuilder, Astilleros Armón, with options for another 10 similar vessels, and Corvus Energy will supply the battery systems for the hybrid-electric vessels. The Panama Canal Authority / Astilleros Armón contract signed in October 2023 was valued at US$150M total for the first ten vessels, each 30-meter tugboats with 70-tonnes bollard pull. Hybrid Electric Propulsion The tugboats will be equipped with hybrid-electric propulsion systems to reduce emissions during ship towage through the Panama Canal and while docking in Panamanian ...

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Ballast Water Management – CWQ Challenges for D2 Standard Compliance

The final phase for full compliance with the D2 Standard of the Ballast Water Management Convention is effective from 08 September 2024. Consequently, more operators are encountering inherent issues with the D2 standard for Ballast Water Management Systems (BWMS), namely the issue of conducting ballast operations in Challenging Water Quality (CWQ) conditions. MEPC 81 defines CWQ as waters with quality parameters — such as high total suspended solids or turbidity — that render a properly installed, maintained, and operated type-approved Ballast Water Management System (BWMS) temporarily inoperable. This inoperability is ...

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Carbon Storage levy: Call for evidence response

The North Sea Transition Authority (NSTA) ran a call for evidence between 4 December 2023 and 26 January 2024 on the potential principles, design and timing of a possible future levy on UK carbon storage licences. After reviewing the submissions to the call for evidence, the NSTA has today published a response, stating that it intends, unless there are major external developments, to introduce a carbon storage levy in the future, once the CCS industry is on a more self-sustaining footing. Source: North Sea Transition Authority

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Kongsberg Digital to Equip FAIMM with Advanced Simulation Meeting the Evolving Needs of the Maritime Industry

Kongsberg Digital, a global leader in digital solutions, is thrilled to announce its latest partnership with Fondazione Accademia Italiana della Marina Mercantile (FAIMM), a specialist maritime training academy based in Genova, Italy. Kongsberg Digital will deliver of a range of state-of-the-art K-Sim simulator systems, providing FAIMM with the necessary tools and support to optimize its training programs. The comprehensive simulator system includes a range of sophisticated components, featuring a DNV Class A K-Sim Navigation/Offshore Jack up simulator system, which seamlessly integrates with Kongsberg Maritime’s Dynamic Positioning System, K-POS. Additionally, FAIMM ...

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Wärtsilä to convert two Scandlines ferries to plug-in hybrid operation

Technology group Wärtsilä will supply the electrical systems needed to convert two Scandlines ferries to a plug-in hybrid solution. The ferries operate on the Puttgarden, Germany – Rödby, Denmark route, and the conversion represents a key element in Scandlines’ target to achieve emission-free operations on the route by 2030. The company’s overall vision is to realise zero emissions on all operations by 2040. The order with Wärtsilä will be booked in Q2 2024. The project involves replacing an engine and existing systems with a new shore-charged electrical system, including a ...

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Flex LNG – First Quarter 2024 Earnings Release

Flex LNG Ltd. (“Flex LNG” or the “Company”) today announced its unaudited financial results for the three months ended March 31, 2024. Highlights: * Vessel operating revenues of $90.2 million for the first quarter 2024, compared to $97.2 million for the fourth quarter 2023. * Net income of $33.2 million and basic earnings per share of $0.62 for the first quarter 2024, compared to net income of $19.4 million and basic earnings per share of $0.36 for the fourth quarter 2023. * Average Time Charter Equivalent (“TCE”) rate of $76,539 ...

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KIMM opens up the possibility of building “eco-friendly fuel stations” as it strives to make “clean fuels” a reality through the production of electrofuels

– For the first time in the country, KIMM develops a microchannel reactor for producing electrofuels similar to diesel fuel – – Newly developed reactor, which has a capacity 30 times larger than that of current reactors while reducing the amount of catalyst to 30 percent, is anticipated to accelerate carbon reductions □ Starting in 2035, the European Union (EU) will prohibit the sale of internal combustion engine vehicles powered by gasoline or diesel, except for newly manufactured cars that utilize electrofuels (e-fuels) * . In this regard, a breakthrough ...

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Northport receives the largest ever container vessel to berth at its terminal

Northport (Malaysia) Bhd (“Northport”), a member of MMC Group, celebrated a historic milestone as it welcomed MV OOCL Japan on 20 May 2024, the largest ever container vessel to berth at its facilities. Owned by Orient Overseas Container Line (“OOCL”) Limited, MV OOCL Japan boasts a capacity of 21,413 TEUs, setting a new record for Northport by surpassing the previous largest ship to call at its port, Eugen Maersk, which had a capacity of 11,000 TEUs in 2013. This monumental event is a testament to Northport’s capability to accommodate Ultra ...

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Fluxys LNG – 1 Remaining regasification slot for August 2024

Fluxys LNG has organised an auction for the sale of the standard size slot starting on 01 August 2024. After the auction of 23 May at 10h, the regasification slot of 01 August 2024 is still available and will be allocated on a first committed first served basis. Source: Fluxys

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SITC signed a strategic cooperation framework agreement with Fujian Port Group

On May 19, 2024, SITC and Fujian Port Group signed a strategic cooperation framework agreement in Jakarta, Indonesia. Chen Zhiping, Party Secretary and Chairman of Fujian Port Group, Chen Zhaohui, Deputy Party Secretary, Vice chairman and general manager of Xiamen Port Holding Group, Chen Jianzhong, Chairman of Fuzhou Port Group, Xue Mingyuan, CEO of SITC and other leaders attended the signing ceremony. At the meeting, the leaders of the two sides introduced the business and development of their respective enterprises in China and Indonesia. In the future, under the national ...

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