TI

• Russia’s oil tankers face flag changes due to US and UK sanctions, disrupting its shipping operations.
• Barbados and Panama are delisting Russian-linked ships, pushing them to find alternative registries.
• Sanctions pressure has led Russia to rely on lesser-known flag states, impacting maritime safety standards.

Sanctions from the US and UK are forcing Russia’s oil tanker fleet to adapt by changing the national flags under which they operate, creating logistical challenges and disruptions in the...

https://mfame.guru/sanctions-force-russias-tanker-fleet-to-abandon-reputable-flags/

• First Crude Shipments Transit Suez Canal After Israel-Hamas Ceasefire.
• South Korean Refiner Receives Regular Shipments Despite Security Concerns.
• Lingering Security Fears Impact Mediterranean Crude Imports to Asia.

In a report by S&P Global Commodities at Sea and market participants on January 23, oil tanker transits through the Suez Canal are picking up gradually since the Israel-Hamas ceasefire agreement. The Suez Canal will return to normal operational levels sooner rather than later, with...

https://mfame.guru/oil-tanker-transits-through-suez-canal-increase-post-ceasefire-agreement/

• China Leads with $255 Billion Fleet, Dominates Bulker and Container Sectors.
• Japan Falls to Second Place Despite Fleet Value Growth of 12%.
• Greece Maintains Third Position, Boasts Highest Value Tanker Fleet.

China has surpassed Japan to become the world’s biggest shipowning nation by asset value, its fleet now totalling $255 billion according to VesselsValue, as of January 2025. This shift is significant as it marks the first time that the ranking of the global shipping dynamics changes within...

https://mfame.guru/china-overtakes-japan-as-top-shipowning-nation-by-fleet-value/

• Maersk re-routes networks via the Cape of Good Hope, prioritizing safety amid regional tensions.
• The Israel-Hamas ceasefire is a positive step but risks in the Red Sea remain high.
• Maersk’s East-West network will shift to the Cape of Good Hope starting February 2025.

Amid the ongoing Israel-Hamas ceasefire, Maersk is adapting its operations to ensure the safety of its crew, vessels, and cargo.

The Israel-Hamas truce and Houthi plans to cease attacks offer hope for...

https://mfame.guru/maersk-prioritizes-safety-with-cape-of-good-hope-re-routing/

• A 2-liter engine using ammonia as a renewable, zero-carbon fuel has been developed.
• High-pressure liquid injection ensures stable power output and reduces harmful emissions.
• Potential for use in vehicles, ships, aircraft, and industrial power generators.

In collaboration with Hyundai Motor and Kia, the Korea Institute of Machinery and Materials (KIMM) has unveiled a revolutionary 2-liter engine capable of directly injecting ammonia into its combustion chamber. This pioneering technology...

https://mfame.guru/kimm-and-hyundai-unveil-world-first-ammonia-injection-technology/

• Inspection and detention figures highlight scope and focus areas.
• Significant issues include missing SEAs and delayed wage payments.
• Bulk carriers and general cargo ships dominate the inspection list.

Between 1 September and 30 November 2024, the Black Sea MoU held a Concentrated Inspection Campaign, concentrating on Crew Wages and Seafarer Employment Agreements based on the provisions of the Maritime Labour Convention, 2006 (MLC, 2006), also covering other financial security aspects arising...

https://mfame.guru/black-sea-mou-cic-2024-crew-wages-employment/

An explosion involving a tank of methyl acetate at the Port of Barcelona resulted in one fatality and one critical injury, according to Xinhua. 

The Catalan regional government, the Barcelona local authority, and the Civil Guards confirmed that an explosion occurred at a warehouse operated by a logistics and storage company at the Port of Barcelona.

The blast resulted in one fatality and one individual sustaining critical injuries. Three others suffered minor injuries. Authorities...

https://mfame.guru/tank-explosion-at-port-of-barcelona-results-in-fatalities-and-injuries/

In a new report published on 21 January, the Maritime Technologies Forum (MTF) has flagged up the importance of developing ‘a secure and scalable downstream carbon value chain’ to support the take-up of onboard carbon capture and storage (OCCS) technology reports Offshore Energy.

The value chain would comprise CO2 offloading facilities, transport infrastructure and long-term storage, and associated monitoring, reporting, and verification (MRV) schemes.

The MTF also...

https://mfame.guru/mtf-urges-secure-scalable-carbon-chain-for-shipping-occs/

• Hanwha Ocean to build engineering center in Busan.
• The center, scheduled to open in early May, will initially employ 150 specialists focused on marine and special ship projects.
• Hanwha Ocean plans to hire an additional 350 employees, bringing the facility’s full work force to 500, by 2027.

Hanwha Ocean Co., a leading South Korean shipbuilder, plans to establish an engineering center in the South Korean southeastern port city of Busan to strengthen its design competitiveness in the marine and...

https://mfame.guru/hanwha-ocean-to-build-engineering-center-in-busan/