Indian Maritime Sector
India Advances Maritime Decarbonization Initiatives at High-Level Conference
India recently hosted a conference on Maritime Decarbonization, demonstrating its commitment to reducing carbon emissions. Co-hosted by the Ministry of Ports and the Asian Development Bank, it brought together over 200 delegates to promote sustainable practices. Read More
India Has Potential to Become Hub for Green Shipbuilding: Maritime Expert
India’s government focuses on alternative fuels and renewable energy to position itself as a green shipbuilding hub. With modernization of shipyards and investments from Japan and Korea, India aims to meet IMO’s emission goals. Read More
India Launches Indian Ocean Centre of Excellence for Sustainable Maritime Transport
Lloyd’s Register (LR) has partnered with India to establish the Indian Ocean Centre of Excellence for Sustainable Maritime Transport in Mumbai, enhancing maritime training and promoting innovation in the sector. Read More
Alphard Maritime to Launch $500 Million Shipping Fund in GIFT City
Alphard Maritime plans to launch a $500 million fund in GIFT City, aiming to boost Indian shipping tonnage with significant asset acquisitions. Read More
Maritime Regulations
IMO MEPC 82 Advances Shipping Industry’s Path to Net-Zero Emissions
The International Maritime Organization’s MEPC is making strides in reducing greenhouse gas emissions in the shipping industry. The focus on developing MARPOL Annex VI amendments using the “IMO Net Zero Framework” at the 82nd MEPC meeting is a step in the right direction. The ICS supports these efforts. Read More
ABS Launches First Regulations for Floating Nuclear Power Plants at Industry Forum
The American Bureau of Shipping (ABS) unveiled new regulations for floating nuclear power plants at a Texas forum with industry leaders and the Idaho National Laboratory. ABS emphasized the potential of nuclear energy in the maritime sector for grid reliability and decarbonization. Read More
Call to Revise Tugboat Regulations in EU for Fair Competition and Environmental Balance
Labour MEP Daniel Attard has called on the European Commission to reconsider regulations that would impose the same standards on tugboat operators as on larger cargo ship operators. Read More
Maritime Innovations
Innovative Floating CO2 Storage Unit Design Receives Approval
Samsung Heavy Industries received approval for its Floating CO2 Storage Unit design, using pressure tanks for more space-efficient CO2 storage, directly integrated into the unit’s hull. Read More
Environment Protection
Green Methanol Supply Expected to Start by 2027
The Zero Emission Maritime Buyers Alliance (ZEMBA) anticipates a sufficient supply of methanol-capable ships and green methanol fuel to support zero-carbon sea freight by 2027. Read More
IAPH Report Highlights Decarbonization Needs for Ports in Developing Countries
The IAPH report, prepared by MTBS, focuses on decarbonization challenges and case studies from ports in Kenya, Indonesia, Brazil, and India. Read More
Seafarers Work and Welfare
DG Shipping’s Advisory for Seafarers Amid Iran-Israel Conflict
The Director General of Shipping has advised shipping companies to avoid Iranian ports amidst the Iran-Israel conflict to ensure seafarer safety. Read More
ISWAN Launches Campaign to Promote Allyship and Safety for Seafarers
ISWAN’s ‘Safe at sea…it takes all of us!’ campaign encourages allyship and aims to create a safer working environment for seafarers by addressing inappropriate behaviors. Read More
Maritime Markets
Massive Cargo Backlog Emerges as an Impact of US Port Strike
The U.S. East and Gulf Coast ports have reopened after a work stoppage, leading to a large cargo backlog. The agreement caused shipping shares to fall. Read More
Miscellaneous
Northern Sea Route to Close Early This Year Due to Persistent Winter Ice
The Northern Sea Route in Russia will close early this year, due to winter ice, following a near-disaster in 2021. Ships must transit before closure in three weeks. Read More
Lloyd’s Register Launches Digital Maturity Framework for Maritime Industry Transformation
Lloyd’s Register launched a framework to evaluate digital maturity in the maritime sector, aiding companies in identifying technology investment areas through self-assessment. Read More
Rotterdam Port Tests Moveable Shore Power for Greener Shipping Solutions
Rotterdam port pilots moveable shore power solution for ships, demonstrating feasibility in areas lacking conventional power, despite higher costs. Read More
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