MOL Merges Six Ship Management Companies

MOL Creates Unified Ship Management Structure for 200+ Vessels

Mitsui O.S.K. Lines has merged six ship management companies into MOL Global Ship Management Pte. Ltd., managing over 200 vessels under a unified safety framework. This centralization enhances operational efficiency and allows for quicker implementation of safety measures, addressing increasing geopolitical risks and environmental regulations while promoting a cohesive safety culture.

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Everllence Releases Engine-Supported Air Lubrication

Engine-Supported Air Lubrication to Advance Low-Emission Shipping

Everllence has launched Engine Supported Air Lubrication (ESAL), a groundbreaking technology aimed at enhancing vessel energy efficiency. Their white paper highlights ESAL’s potential to cut emissions and costs by integrating hull air lubrication with engine air, promising up to 6% net efficiency gains while addressing upcoming IMO regulations effectively.

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Cochin Shipyard has teamed up with Maersk to explore the repair and shipbuilding options in India

India Sets Sights to be Among Top Five Global Shipbuilding Nations by 2047

India aspires to rank among the top five shipbuilding nations by 2047, increasing its capacity to 4.5 million gross tonnes. At the SMM Hamburg event, Shipping Secretary Vijay Kumar outlined a strategy that includes a €7 billion support package and emphasizes sustainability and collaboration with European maritime companies for innovative green shipping solutions.

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IMO Urges Restraint as Hormuz Crisis Deepens

IMO Calls for Action on Shipping’s Green Transition

At the International Maritime Organization gathering, the Secretary-General reaffirmed that decarbonisation remains a critical priority, despite diminished media attention. He urged early investment in green technologies, warning that failing to act could jeopardize the industry’s future. Emphasizing collaboration, he called for proactive involvement from younger professionals in shaping sustainable shipping policies.

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