11 AUG 2023 The UK’s Home Office has suffered a new setback in its controversial plan to house migrants on an accommodation ship Bibby Stockholm confirming reports on Friday that everyone is being removed from the barge due to a potential health concern. They are calling it a temporary “precautionary measure,” while …
Read More »RECORD $90 BILLION IN SHIP ORDERS LOOM OVER THE SHIPPING INDUSTRY
10 AUG 2023 The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn. Container carriers like MSC Mediterranean Shipping Co., A.P. Moller–Maersk A/S, CMA CGM …
Read More »WHAT HAPPENS IF THE NORTH ATLANTIC’S CIRCULATION SHUTS DOWN?
09 AUG 2023 Amid news of lethal heatwaves across the Northern Hemisphere comes the daunting prospect of a climate disaster on an altogether grander scale. New findings published in Nature Communications suggest the Atlantic meridional overturning circulation, or Amoc, could collapse within the next few decades – maybe even within the next …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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