Multiple Tanker Incidents Lead To Oil Spill In Black Sea

Following a severe storm in the Black Sea, two tankers sustained significant damage, resulting in an oil spill that has affected "tens of kilometers"...

ReCAAP ISC Reports Two Piracy Incidents In Straits Of Malacca And...

The ReCAAP ISC reported two incidents of armed robbery against ships in Asia between December 10th and 16th, 2024, according to Safety4sea. Concern Areas With recent...

Baltic Exchange Launches FuelEU Maritime Emissions Calculator

Beginning January 1, 2025, ships calling at European ports will be subject to the FuelEU Maritime regulation. This regulation aims to encourage the use...

Finding The Right Balance: Z-factors And IMO’s GHG Strategy

The Z-factor, a key element in maritime decarbonization, determines the penalty for ships failing to meet emission reduction targets. It needs to be set...

Dutch Shipbuilder Selects DMC For Advanced Marine Technology

Dutch shipbuilder GS Projects has contracted DMC to supply steering, control, and propulsion equipment for four dry cargo vessels. These vessels are being built...

G-NAOE 2024 Explores Sustainable Shipping Solutions

The Global Conference on Naval Architecture and Ocean Engineering (G-NAOE) 2024, co-hosted by Lloyd's Register and the Society of Naval Architects of Korea, recently...

EU Tariffs on Chinese EVs Shake Car Carrier Market Confidence

EU tariff hikes of up to 45.3% on Chinese-made EVs, effective November 2024, are pressuring the car carrier market. A 39% order book-to-fleet...

China’s UCO Tax Rebate Removal: Implications for Global Biofuel Markets

China’s removal of the 13% export tax rebate on used cooking oil (UCO) aims to boost domestic supply for Sustainable Aviation Fuel (SAF)...

Cargo Pump Failures: Why Vibration Monitoring is Essential

The failure of a cargo pump onboard a newbuild tanker has highlighted the need for crews to regularly monitor rotating machinery for excessive wear...

HMM’s Comeback to Transatlantic Trade: New TA1 Service Announced

South Korean carrier HMM has re-entered the transatlantic trade market with its Transatlantic 1 (TA1) service in partnership with Ocean Network Express (ONE). ...

World’s Biggest Iceberg, A23a, Resumes Its Journey

Known as A23a, the world’s largest iceberg is once again on the move. It has been drifting through the Southern Ocean after spending...

Lessons Learned: Fatal Fall Into the Cargo Hold Aboard Bulk Carrier

Transport Malta reports of an incident involving a fatal fall into the cargo hold of a bulk carrier, during cleaning operations. What happened? On 21 June...

Powering Progress: Risk Sharing is Vital for Emissions Cuts

Investment in emissions reduction technologies (ESDs/ESTs) and digital applications should be shared across all stakeholders, not just shipowners. This includes financial exposure, new...

Mabanaft Inks Biofuel Bunker Deal With Hapag-Lloyd

Mabanaft has concluded an agreement with compatriot shipping major Hapag-Lloyd for the supply of B30 biofuel in Hamburg. The agreement entails an initial...

LR: Rules To Include Requirements Regarding Marine Castings

Amendments have been made to Lloyd’s Register’s Rules to include the requirements of a newly published Unified Requirement from the International Association of Classification...

ClassNK Endorses KAGOO’s MAREWA-SYSTEM Innovation

ClassNK has granted its Innovation Endorsement for Products & Solutions to a remote monitoring system for machines, “MAREWA-SYSTEM” developed by KAGOO DOCKYARD Co., Ltd....

China Merchants Shipping Leases Two New Capesize Carriers

China Merchants Energy Shipping Co., Ltd. (China Merchants Shipping) plans to enter into long-term lease agreements for two newly constructed capesize bulk carriers. ...

Market Uncertainty and Declining Trading Activity

The UP World LNG Shipping Index (UPI) rose by 0.74% last week, closing at 163.69 points, while the S&P 500 fell by 0.6%. ...

Subdued Performance In Baltic Dry Index As 2024 Ends, Struggling Across...

As we approach the final trading days of 2024, the Baltic Dry Index paints a picture of a year marked by more subdued performance...

Singapore Bunker Fuel Sales Dip In November Amid Market Slowdown

Sales of marine bunker fuel in Singapore dropped to a two-month low in November, following a significant surge in October, according to data from...