The recent political shift in the US has brought renewed focus on the evolving sanctions landscape, particularly for the maritime industry. The increasing complexity of compliance requirements, the challenges faced by industry players – especially smaller companies, and the importance of Know Your Customer (KYC) all increasingly come to bear when doing business in shipping …
From November 12 to 14, 2024, LAMILUX Composites GmbH showcased its groundbreaking FRP solutions for the tank container industry at Intermodal in Rotterdam. Under the motto “Ultimate Tank Container Cladding for Maximum Efficiency,” Europe’s leading manufacturer of fiber-reinforced plastics impressed with innovative products, a strong presence, and an enthusiastic audience of industry professionals. Highlights and …
In recent years, disruption to Red Sea shipping routes and global sanctions have forced ships to take longer routes, increasing emissions in the first half of 2024 by six per cent compared to the previous year. Already responsible for around three per cent of global greenhouse gas emissions, projections indicate emissions could surge to 130 …
Alternative fuels: the key to lowering shipping emissions Read More »
Russia’s leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core earnings. The United States imposed sanctions on Sovcomflot in February, part of Washington’s efforts to reduce Russia’s revenues from oil sales that it can use to finance its …
Russia’s Sovcomflot blames earnings drop on Western sanctions Read More »
Switching fuels is the most frequently discussed pathway to meeting the requirements of FuelEU Maritime. But the choices shipping companies make about bunkers will significantly impact compliance costs. Companies must navigate a complex fuel market and assess the viability of different options based on commercial, technical, and operational factors, according to maritime data and technology …
Asia’s hi-5 fuel oil spread narrowed week-on-week, led by softer benchmarks for 0.5% low sulphur fuel oil (VLSFO), while the 380-cst high sulphur fuel oil (HSFO) market firmed in contrast. The balance-November hi-5 FO05-380SGMc0 closed at $105.35 a metric ton on Friday, based on LSEG data at 0830 GMT, narrowing more than 10% from last …
Asia Fuel Oil-Hi-5 posts weekly decline as VLSFO weakens while HSFO holds strength Read More »
The US State Department announced Nov. 14 that the US would impose sanctions on 26 companies, individuals, and vessels associated with Al-Qatirji Co., a business alleged to be facilitating the sale of Iranian oil to Syria, where the company is based. Al-Qatirji Co. had previously been designated for US sanctions for its alleged role in …
US sanctions Syrian company said to generate revenue for Iran, Houthis Read More »
Lloyd’s Register (LR) has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas industries, but its application for ammonia is relatively new. The unit will use …
Danelec and NAVTOR have expanded their longstanding partnership to bring even greater operational efficiency to maritime stakeholders. The latest integration brings together Danelec’s high-frequency data collection infrastructure, Danelec Collect, with NAVTOR’s enhanced Digital Logbook solution, creating a seamless bridge between real-time onboard data collection and automated digital record-keeping. The integration enables NAVTOR’s Digital Logbooks to …
Ocean Network Express (ONE) and Seaspan Corporation (SEASPAN) are pleased to announce the establishment of OneSea Solutions Pte. Ltd. (ONESEA), a solutions provider focused on technical ship management and maritime talent development. ONESEA is jointly owned and operated by ONE and SEASPAN, leveraging the deep experience and best-in-class expertise of both companies. Headquartered in Singapore, …
