shipping

INTERNATIONAL SECURITY WARNING ISSUED FOR SHIPS IN THE RED SEA

18 NOV 2023  An international coalition set up to maintain maritime security and freedom of navigation across the Middle East region released a warning on Thursday, November 16, for shipping operating in the Red Sea region. The warning comes after a series of provocations as well as threats from the …

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ABANDONED OIL RIGS COULD SCRAPE CARBON FROM THE SKY AND STORE IT

17 NOV 2023  Keeping control of our planet’s thermostat is proving tricky these days. Temperatures are rising slowly, and inaction is proving costly as we awkwardly lurch towards a cleaner future. Some industries are proving stubbornly difficult to decarbonise, and we are likely to miss the key 1.5°C warming target. One …

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SHIPPING INDUSTRY FACES RISING FUEL COSTS FROM ENERGY TRANSITION

16 NOV 2023 The cost of fuel in shipping’s energy transition will increase along with compliance costs, according to an executive at Yara Marine Technologies. The inclusion in shipping in EU carbon market (e.g., Emissions Trading System) in 2024 and introduction of the FuelEU Maritime regulations in 2025 are two EU key initiatives that …

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NORTH AMERICA’S LNG EXPORT CAPACITY EXPECTED TO DOUBLE BY 2027

15 NOV 2023 North America’s liquefied natural gas (LNG) export capacity is set to more than double by the end of 2027 with the addition of new LNG export terminals in Mexico and Canada, as well as the expansion of existing LNG capacity in the United States, the U.S. Energy …

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THE UYGHURS FORCED TO PROCESS THE WORLD’S FISH

14 NOV 2023  On a cloudy morning this past April, more than eighty men and women, dressed in matching red windbreakers, stood in orderly lines in front of the train station in Kashgar, a city in Xinjiang, China. The people were Uyghurs, one of China’s largest ethnic minorities, and they …

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EUROPORT LEAVES LASTING IMPRESSION OF MARITIME INDUSTRY IN TRANSITION

13 NOV 2023  As the curtains fall on Europort 2023, memories linger of an event that saw stakeholders from across the maritime world connect on the key themes of energy transition and digitalization, as well as the human capital and finance needed to support them. Europort has drawn to a …

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PHILIPPINES TO CONTINUE SOUTH CHINA SEA SUPPLY MISSIONS DESPITE CHINESE BOATS

12 NOV 2023 The Philippines’ coast guard said on Saturday it would maintain its regular supply missions to troops stationed on a disputed atoll in the South China Sea even though it expects more Chinese vessels to be sent to the area. The Philippines regularly sends supplies to a handful of troops …

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RISKY BUSINESS: HOW AI CAN CUT MARINE LOSSES

10 NOV 2023  In the runup to Christmas 2022, shipowners received unwelcome but unsurprising news: they would face higher premiums the following year, owing to inflationary pressures driving up the cost of steel, spare parts and labor. The warning has since come to pass, with most P&I Clubs increasing their …

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RUSSIAN MISSILE HITS BULKER ARRIVING ODESA KILLING PILOT AND INJURING CREW

09 NOV 2023 Ukrainian officials are reporting that an unidentified cargo ship arriving in Odesa was struck by a Russian missile in the latest round of attacks on the port complex and Ukraine’s grain infrastructure. Crewmembers from the vessel and a port worker were injured while the Ukrainian pilot was …

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CHINA MILITARY SAYS PHILIPPINE SHIP ‘ILLEGALLY ENTERED’ WATERS NEAR DISPUTED SHOAL

08 NOV 2023 China’s military said on Monday that a Philippine military ship “illegally entered” waters near Scarborough Shoal without authorisation and it urged the Philippines to immediately stop its provocations. The statement marks a rare warning from the Chinese military towards the Philippines over its moves in disputed waters in the South China …

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