Report Highlights Key Insights from Annual Summit 2024

  • The Global Maritime Forum released key insights from the 2024 Annual Summit in Tokyo.
  • Industry focus has shifted from why to how in decarbonization efforts.
  • Talent retention now requires urgent action, not just discussion.
  • Sensitive topics like flags of convenience and the dark fleet are openly addressed.
  • The report covers policy measures, global risks, and decision-making challenges.

The Annual Summit 2024, held under the theme “Currents of Change,” showcased how far the shipping industry has...

https://mfame.guru/report-highlights-key-insights-from-annual-summit-2024/

Shipping Rebound? SCA Calls for Normal Transit Through Red Sea

  • Following a halt in Houthi attacks, the SCA urges shipping companies to return to the Egyptian waterway, citing improved stability.
  • The last reported attack occurred on Dec. 2, with the group later pledging to avoid targeting non-Israeli ships.
  • Despite reassurances, many operators hesitate to resume Suez transits, leading to continued reliance on the longer African route.
  • Crude shipments dropped from 7.9 million b/d in 2023 to 3.9 million b/d in 2024, highlighting the economic impact of...

https://mfame.guru/shipping-rebound-sca-calls-for-normal-transit-through-red-sea/

Port of Oakland Achieves Strong Growth in 2024 Cargo Volumes

  • The Port processed 2.26 million TEUs in 2024, a 9.5% increase from 2023.
  • Imports increased by 15%, and exports grew by 5.4% year-over-year.
  • Refrigerated cargo volume decreased by only 4%, outperforming the broader U.S. market trend.
  • The dry cargo market saw strong imports, with furniture, plastic products, and batteries leading the way.

In 2024, the Port of Oakland experienced solid growth, handling 2.26 million TEUs, a 9.5% increase over the previous year. This growth is a reflection of the...

https://mfame.guru/port-of-oakland-achieves-strong-growth-in-2024-cargo-volumes/

Enhancing Maritime Safety: Streamlined Reporting For Seafarers In VRA

Following the 52nd SHADE Conference in December 2024, significant changes have been made to streamline voluntary reporting for seafarers. These changes aim to improve clarity, communication, and overall maritime safety. Updates to relevant websites and documentation are currently underway and will be finalized by March 31, 2025, reports Britannia P&I Club. 

Single Info Framework

A single information reporting framework will be implemented by March 31, 2025. This framework will encompass the...

https://mfame.guru/enhancing-maritime-safety-streamlined-reporting-for-seafarers-in-vra/

Bahri and Petredec Join Forces to Boost Saudi LPG Shipping

  • Bahri and Petredec have formed a joint commercial team to address the growing demand for LPG and ammonia transportation.
  • With Bahri holding a 40% stake in Petredec, the partnership strengthens its ability to meet regional and global shipping demands.
  • The collaboration aims to enhance Saudi Arabia’s role as a global logistics hub and support economic growth.

Bahri and Petredec have entered into a strategic partnership to enhance Saudi Arabia’s LPG and ammonia shipping capabilities. This...

https://mfame.guru/bahri-and-petredec-join-forces-to-boost-saudi-lpg-shipping/

InterManager Names New President

Sebastian von Hardenberg, the CEO of Bernhard Schulte Shipmanagement (BSM) has been elected president of InterManager, the international association for the ship management sector,

New president elected 

An experienced negotiator, von Hardenburg has lobbied on behalf of InterManager members and the ship management sector during his term as vice president and was instrumental in discussions with the European Union regarding the potential impact of EU-ETS and FuelEU on ship managers.

I am honored...

https://mfame.guru/intermanager-names-new-president/

MODEC and TOYO’s Ammonia FPSO Design Receives ABS Approval in Principle

  • ABS Grants AIP to MODEC and TOYO’s Carbon-Capturing Ammonia FPSO.
  • Floating Blue Ammonia Production: A New Era in Offshore Sustainability.
  • MODEC and TOYO’s Ammonia FPSO Paves the Way for Low-Carbon Energy at Sea.

MODEC, Inc. (MODEC) in cooperation with Toyo Engineering Corporation (TOYO), has developed a new ammonia floating production storage and offloading (FPSO) unit design, which incorporates onboard carbon capture technology for the production of blue ammonia. The American Bureau of...

https://mfame.guru/modec-and-toyos-ammonia-fpso-design-receives-abs-approval-in-principle/

Σκληρές κόντρες στον ΙΜΟ για τους καθαριστές καυσαερίων – scrubbers των πλοίων

Απομακρύνουν το θείο από τα καυσαέρια, επιτρέποντας στα πλοία να συμμορφώνονται με το όριο του 0,5% θείου που έχει θεσπίσει ο IMO, επιτρέποντάς τους να καίνε φθηνότερο καύσιμο με υψηλότερο θείο – Οι περιβαλλοντικές οργανώσεις υποστηρίζουν ότι οι καθαριστές απλώς μεταφέρουν τη ρύπανση από τον αέρα...

https://www.newmoney.gr/roh/palmos-oikonomias/nautilia/sklires-kontres-ston-imo-gia-tous-katharistes-kafsaerion-scrubbers-ton-plion/

BRILLIANT FUTURE: Pioneering Dual-Fuel LEG Carrier Sets Sail

  • The first 36,000m³ dual-fuel liquefied ethylene gas (LEG) carrier built by Yangzi-Mitsui Shipbuilding embarks on its maiden voyage.
  • The vessel completed sea trials on December 11, 2024, officially named and delivered on January 14, 2025.
  • Features three C-type tanks, a dual-fuel main engine, high-efficiency CPP propellers, and an advanced rudder for enhanced performance.

On January 17, 2025, BRILLIANT FUTURE, a state-of-the-art 36,000m³ dual-fuel liquefied ethylene gas (LEG) carrier, embarked...

https://mfame.guru/brilliant-future-pioneering-dual-fuel-leg-carrier-sets-sail/

BRILLIANT FUTURE—First Dual-Fuel LEG Carrier By Yangzi-Mitsui Shipbuilding Sets Sail

The BRILLIANT FUTURE, the first 36,000m dual-fuel liquefied ethylene gas (LEG) carrier built by Yangzi-Mitsui Shipbuilding under the Yangzijiang Shipbuilding Group for a Norwegian shipowner, has successfully embarked on its maiden voyage. This milestone vessel, delivered on January 14, 2025, marks a significant achievement in eco-friendly and high-efficiency maritime transport.

Key Highlights

Successful Sea Trials: Completed on December 11, 2024, with all performance indicators meeting the...

https://mfame.guru/brilliant-future-first-dual-fuel-leg-carrier-by-yangzi-mitsui-shipbuilding-sets-sail/