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JAPANESE TEAM DEVELOPS “GAME CHANGER” FLOATING VERTICAL AXIS WIND TURBINES

08 AUG 2023  A consortium of Japanese companies is working to develop a new concept in floating offshore wind turbines that they report will be easier to manufacture while also costing less to build and maintain. Known as a vertical axis wind turbine, they believe it will be the next …

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MORE TURKISH SHIPBREAKERS ADDED TO EUROPEAN LIST OF APPROVED SHIP RECYCLING FACILITIES

07 AUG 2023 The European Commission has updated its list of approved ship recycling facilities (27th July, 2023), which now contains 48 yards located primarily in Europe and Turkey. The list has been updated to include three new yards in Turkey, and the expiry date of two listed yards in …

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VIRGINIA BUSINESSMAN SENTENCED TO 41-MONTHS IN PRISON IN IRANIAN PETROCHEMICAL SCHEME

06 AUG 2023 A Virginia businessman has been sentenced to 41 months in prison for violating U.S. sanctions against Iran by conspiring to engage in prohibited business activities on behalf of Iranian entities without obtaining the required licenses from the Office of Foreign Assets Control (OFAC). Behrouz Mokhtari and co-conspirators …

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CARGO LIQUEFACTION REMAINS THE MOST DANGEROUS HAZARD FOR BULKERS

05 AUG 2023  Cargo liquefaction remains the single biggest risk for loss of life in the bulk carrier trade, according to a new long term casualty report from Intercargo. The long-term rolling report covers vessel losses from 2013-22. During the period, 26 seagoing bulkers went down, costing 104 lives and …

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FIRST THIRD OF CRUDE OIL SUCCESSFULLY TRANSFERRED FROM FSO SAFER

04 AUG 2023  The oil transfer from the derelict FSO Safer off the coast of Yemen is proceeding well according to updates from the United Nations and Boskalis. The team from SMIT Salvage began the ship-to-ship transfer at the beginning of last week and they are now reporting that more than a …

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EU COMPLETES PROCESS TO ENACT FUELEU MARITIME LEGISLATION

03 AUG 2023 The European Council signed off yesterday, July 25, on the FuelEU maritime initiative, a sweeping package that seeks to dramatically cut emissions from shipping by encouraging the switch to alternative fuels. The approval came two years after the introduction of the broader Fit for 55 package that …

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TO GET TO ZERO BY 2050, REGULATORY DETAILS MAY MATTER MORE THAN TARGETS

02 AUG 2023  Action at the International Maritime Organization (IMO) to regulate emissions from fuel production, and to consider all types of greenhouse gases (GHGs) — not just CO2 — is moving slowly and not receiving much attention. But these regulatory details are probably more important than the headline-grabbing move to …

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CREWMEMBER KILLED AS BURNING CAR CARRIER IS EVACUATED IN THE NORTH SEA

01 AUG 2023  Dutch authorities are leading the response after a car carrier caught fire off the northern coast of The Netherlands around midnight on July 25. As the fire continued to spread, the decision was made to evacuate the ship. One crewmember was killed and several others injured at …

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SHIPBUILDING ORDERS FOR PRODUCT TANKERS INCREASE DRAMATICALLY IN 2023

31 JULY 2023  After a prolonged drought in the order of new tankers and particularly product tankers, BIMCO is reporting a strong spike in orders for new product tankers in the first half of 2023. The trade group calculates that more product tankers have been ordered in the first half …

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NATO STEPPING UP BLACK SEA SURVEILLANCE

30 JULY 2023 NATO said on Wednesday it was stepping up surveillance of the Black Sea region as it condemned Russia’s exit from a deal assuring the safe passage of ships carrying Ukrainian grain. The announcement came after a meeting of the NATO-Ukraine Council, a body established earlier this month …

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