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Shipowners consider preparing ships for future decarbonizing retrofits: MPC Capital

With uncertain commercial environments for alternative bunker fuels amid tightening environment regulations, some shipowners with conventional vessel orders are planning to defer the decision on which fuel to use and instead preparing for future retrofits to cut greenhouse gas emissions, Constantin Baack, CEO of German investor MPC Capital, told S&P Global Commodity Insights. Half of …

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ABS Issues Approval in Principle for Ammonia FPSO with Carbon Capture from MODEC and TOYO

A new design for an ammonia floating production storage and offloading (FPSO) unit that features onboard carbon capture technology for blue ammonia production has received approval in principle (AIP) from ABS. The design comes from MODEC, Inc. (MODEC), in collaboration with Toyo Engineering Corporation (TOYO). ABS completed design reviews based on class and statutory requirements. …

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GE Shipping Standalone December 2024 Net Sales at Rs 878.50 crore, down 11.81% Y-o-Y

Reported Standalone quarterly numbers for Great Eastern Shipping Company are: Net Sales at Rs 878.50 crore in December 2024 down 11.81% from Rs. 996.18 crore in December 2023. Quarterly Net Profit at Rs. 678.63 crore in December 2024 up 39.13% from Rs. 487.77 crore in December 2023. EBITDA stands at Rs. 875.26 crore in December …

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Mitsui O.S.K. Lines: Seasonality to Keep Capesize Dry Bulk Rates Down During the First Quarter

The following is a summary of business conditions including revenue and ordinary profit/loss per business segment. (A)Dry Bulk Business The Capesize bulker market rates remained firm in October and November, due to steady iron ore shipments from Western Australia and Brazil as well as strong bauxite shipments from West Africa. However, in December, iron ore …

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Philippines takes steps to enhance maritime liability and compensation laws

A national workshop in Manila, Philippines (27–31 January) aims to boost the understanding and implementation of IMO liability and compensation regime , in particular the 2010 HNS Convention, 2001 Bunkers Convention, and 2007 Nairobi Wreck Removal Convention. IMO’s liability and compensation framework covers a range of international conventions, legal instruments and guidelines, which are vital …

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Shipowners Encouraged To Shield Against Accidents By Better Learning From Human Factors

The University of Strathclyde is encouraging ship operators, safety professionals and accident investigators to use the Safety Human Incident & Error Learning Database (SHIELD) to better understand the underlying root cause of human-factor related issues in maritime incidents. SHIELD, developed by a consortium of partners across the aviation and maritime spheres as part of the …

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El buque LADY NURAY (IMO 9038373) tiene prohibido el acceso a la Región del MOU de París

El buque mencionado fue detenido en Trieste (Italia) el 7 de enero de 2025. El buque enarbola la bandera de Belice (Lista negra), siendo ésta la tercera detención en la región del MoU de París en los últimos 36 meses. Al tratarse de la primera orden de denegación de acceso, el plazo de denegación de …

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