Updated implementing regulation (EU) 2024/1975 amending the MED in force from 4 September 2024

The 8th Implementing Regulation (EU) 2024/1975 of 19 July 2024 amending the Marine Equipment Directive (MED) 2014/90/EU was published in the Official Journal of the EU. The Implementing Regulation (EU) 2024/1975 will come into force on 4 September 2024 and repeal the 7th Implementing Regulation (EU) 2023/1667. Technical News 21 Relevant for manufacturers, designers, yards …

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Tune-up for general average form

A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred. In brief, the answer is a resounding “no”, although the process is slightly simpler and the new form has some provisions that the marine insurance market needs to be aware of. GA is …

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ECSA Freight Watch: Market weakens as fundamentals challenge Sep deliveries

Amid the usual summer downturn, the South Atlantic grain freight market is facing an anticipated decline rather than a rebound. Intensified tonnage concerns and weak rates in the South Atlantic, combined with ongoing Pacific market weakness, are putting increasing pressure on early-September arrivals. With a rebound during this period increasingly unlikely, the end of seasonality …

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Explosion at Ningbo-Zhoushan port in China raises further serious safety concerns in ocean container shipping

A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. The incident took place today, Friday, with video footage showing a massive explosion onboard the YM Mobility. There are no reports of casualties. The explosion in Ningbo follows other major incidents …

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Oceanly challenges data ownership practices in the shipping industry

Oceanly, a leading provider of fleet performance solutions, has highlighted what it says are exploitative practices surrounding data ownership in the shipping industry. Its Managing Director, Giampiero Soncini, has issued a bold statement condemning the attempts by some maritime equipment suppliers to profiteer from shipowners by charging for access to their own operational data. “In …

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Nova Marine sets course for Japan to strengthen its bulk carrier fleet

Just a few days after the order confirmed with a Chinese shipyard for construction of the world’s largest (and most eco-friendly) cement carrier, Nova Marine Carriers has taken another significant step forward renewal and qualitative enhancement of its fleet. The Ticino-based company, owned by the Romeo and Gozzi families, has purchased three vessels recently built …

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