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90 days to economic collapse: UN and experts sound alarm over security at sea

The UN Secretary-General on Tuesday urged world powers to uphold international maritime law and overcome geopolitical rivalries, warning that growing threats are endangering global trade, marine ecosystems and international peace. Addressing a high-level debate of the Security Council, António Guterres said that oceans and seas are “sending a clear SOS,” as maritime spaces face escalating …

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Japanese shipping group Mitsui OSK assessing EU sanction impact on its LNG vessels

Japan’s second-largest shipping company Mitsui O.S.K. Lines (MOL) 9104 said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia. “We will continue to fully cooperate with the relevant authorities, including the European Union and the Japanese government, and remain committed …

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Digital Twin Project advances to next stage following successful pilot trials

ClassNK and NAPA, on behalf of all participating organizations, have today announced the successful completion of Phase 3 pilot trials of the cross-industry Digital Twin Project. Results from the pilot trials confirmed the feasibility of the platform’s core business scenarios, validating the applications of shared digital twins to enhance collaboration across the maritime value chain …

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The challenges of surviving as a small shipping business in an industry of big players

In today’s shipping industry, we’re seeing multiple factors which are impacting smaller shipping companies making it challenging to remain independent, however smaller operators bring unique values to the industry and we must encourage their success. Changes to environmental regulations such as sulphur cap, EEXI/CII, 2030/50 GHG targets and the ETS being introduced by the International …

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INTERCARGO meetings held in China with focus on safety and decarbonisation

INTERCARGO, the International Association of Dry Cargo Shipowners, convened last week in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China. The meetings, hosted by COSCO Shipping Bulk, brought together members from across the globe for two days of dialogue and decision-making. Senior representatives gathered to discuss …

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