The Poseidon Principles, leading global ship finance initiative, released its fifth Annual Disclosure Report, showcasing progress towards decarbonized shipping. Financial institutions are aligning portfolios with IMO goals to eliminate emissions by 2050. The report highlights climate alignment of 35 major institutions across 14 countries, marking a milestone in transparent climate reporting.
The Maritime and Port Authority of Singapore (MPA) is inviting proposals to expand LNG bunkering services. The EOI aims to boost sea-based LNG reloading, offer e-methane or bio-methane as marine fuel, and develop floating platforms for bunkering safety. Trials will be conducted to validate proposed solutions, supporting the growth of LNG as a sustainable marine fuel.
Vice President Jagdeep Dhankhar emphasized the importance of preserving India’s maritime heritage at the India Maritime Heritage Conclave 2024. The event brought together key ministers and experts to highlight India’s seafaring history and global influence. Prime Minister Modi and Minister Sonowal also reiterated India’s commitment to preserving maritime heritage and sustainable development.
The Supreme Court of Philippines has recognized heart ailments in seafarers as work-related and compensable due to their risky working conditions at sea. Companies often deny liability, attributing conditions to lifestyle choices. However, long years of service and heavy responsibilities can contribute to heart diseases. The harsh working environment at sea poses risks.
Lomar Labs and Mythos AI are joining forces to test cutting-edge AI technologies for the shipping industry. With a focus on safety, efficiency, and sustainability, this collaboration aims to revolutionize maritime navigation. By combining expertise in autonomous systems and maritime sustainability, the partnership is paving the way for the future of shipping solutions.
In three weeks, the shipping industry will face the most significant regional legislation in decades with the launch of FuelEU Maritime on January 1. This new legislation aims to reduce greenhouse gas emissions and will impose strict emission intensity requirements on ships over 5,000 gross tons within the European Union.
The crew of an Indian fishing boat reported a collision with an LPG tanker off southern India, causing their vessel to sink. Despite the incident, all nine crew members were rescued. The tanker, Nus, continued on its voyage without stopping. The vessel’s questionable history has raised concerns among maritime authorities and the fishing community.
In the early morning, a service boat struggled to reach an anchored tanker in bad weather. The boat hit rocks, causing an emergency. The tanker crew escaped to safety, but the skipper was missing. It took over an hour for help to arrive. Safety measures must be a priority to avoid such tragedies at sea.
India’s Vice President, Jagdeep Dhankhar, emphasized the crucial role of India’s maritime sector in achieving the country’s goal of becoming the world’s third-largest economy. With strategic location and advanced infrastructure, India is poised to be a maritime powerhouse. Dhankhar highlighted the sector’s potential to drive economic growth and capitalize on the global blue economy.
The International Maritime Organization’s Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships will be enforced on June 26, 2025. This agreement aims to protect workers and the environment from hazardous materials on ships, ensuring safe dismantling processes. Vessels over 500 GT must maintain an Inventory of Hazardous Materials.
The Maritime Labour Convention 2006 has proposed new amendments to improve seafarers’ living and working conditions. These changes, open for consultation, aim to address lessons learned from the Covid-19 pandemic. The amendments focus on seafarers’ health, diet, financial protection, and connectivity with loved ones. Feedback on the proposed changes is welcome until January 22.
The Diversity Study Group’s fifth annual review highlights the progress and challenges of DEI strategies in the maritime industry. CEO Heidi Heseltine stresses the importance of inclusive company culture for safety and workforce engagement. The study emphasizes the need for localized execution of global DEI policies to address specific workplace dynamics and foster employee connection.
Vessels in the Singapore Strait face increasing risks, with a crewmember recently stabbed in a violent encounter. Attempted robberies by armed groups are common, but a rise in violent incidents has raised concerns. ReCAAP reports a surge in attacks, urging heightened vigilance and enhanced security measures to protect crew and ships in the area.
Incat Crowther is designing an ultra-efficient, all-electric light cargo transfer vessel, Hydromover 2.0, for marinEV in Singapore. With a lithium-ion battery system, it will transport 25 tonnes of cargo to ships in the Singapore Strait, supporting the country’s decarbonization target. Advanced technology in the wheelhouse ensures safe and efficient operations.
Admiral D K Joshi, the Lt. Governor of the Andaman and Nicobar Islands, highlighted the region’s rich maritime history at the Indian Maritime Heritage Conclave. He discussed ambitious development projects focusing on enhancing shipping and ports infrastructure to drive economic growth and position the islands as a key player in India’s development vision.
