In the wake of COP26, the international shipping sector felt the pressure to reduce its greenhouse gas (GHG) emissions more rapidly. The recent adoption of the 2023 International Maritime Organisation (IMO) Strategy on Reduction of GHG Emissions confirms ambitious plans to achieve net zero for the...
https://www.hellenicshippingnews.com/will-international-shipping-be-net-zero-by-2050/
Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai’s DP World to develop container ship-ping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin. The deal with one of the world’s top port operators is the most tangible sign...
Starting 1 January 2024, SOLAS Regulation II-1/3-8 will come into effect, introducing updates to towing and mooring. This includes extended regulatory scope on towing and mooring arrangement and equipment for both new and existing ships. This newsletter summarizes the revised SOLAS regulations. The...
Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialised bunker barges to Singapore in 2024. From early next year, Vitol through its wholly-owned subsidiaries V-Bunkers and Vitol Bunkers will be able to offer a range of biofuel blends, from B24, B30...
On 19 October, the Port of Roterdam and Antwerp-Bruges Port Authority officially confirmed that Mass Flow Metres (MFM) will become compulsory in Roterdam, Antwerp and Brugge ports from January 2026. International bunker trading company Integr8 Fuels welcomed the announcement but emphasised that...
Asia’s cash premium for 0.5% very low sulphur fuel oil (VLSFO) eased for a sixth consecutive session on Tuesday, after a short-lived rally towards eight-month highs. The premium fell to $15 a metric ton as the product traded lower, though refining margin closed slightly higher at a premium of...
Aframax dirty tanker freight rates for cross UK-Continent voyages rose sharply on the day Oct. 23, with market sources citing a tightening tonnage list, increasingly confident owner ideas and the knock-on effect from the recent strengthening of the Mediterranean market. Platts, part of S&P Global...
ProMarine AG, the Investment Advisor leading the financing of the maritime energy transition, is pleased to announce the launch of an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman, one of the world’s largest methanol producers,...
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecu-tive session on Tuesday, following a retreat in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was...
Amid growing cyber risks, engineering cyber security into vessel design will ensure compliance with the upcoming IACS Unified Requirements and enable strong protection against external threats while ensuring compliance with new regulations during the operational phase. As digitalization makes great...
https://www.hellenicshippingnews.com/building-strong-cyber-security-into-ship-design/